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In the past twenty years public finance has undergone a dramatic evolution, with a growing interest in the study of transfer programs, and social insurance. The field has moved from predominantly theoretical approaches to emphasis on high-quality empirical work, both in the traditional areas of transfer programs and social insurance. Jonathon Gruber's Public Finance is the first text to acknowledge those changes. Written with these developments in mind, it brings the realities of contemporary public finance to the classroom.