This text investigates the economic principles governing government revenue, expenditure, and the impact of fiscal policy on the broader economy. J. Richard Aronson, an established economist, utilizes standard microeconomic and macroeconomic frameworks to analyze how public sector decisions influence resource allocation and income distribution. The book provides a structured examination of the mechanisms through which governments collect taxes and distribute funds to meet societal objectives.

Experts recognize this work as a standard academic resource for undergraduate students seeking a foundational understanding of fiscal theory. Readers frequently note the clarity of the prose and the logical progression of economic concepts throughout the chapters.