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Some Lessons from the New Public Finance

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  • Stiglitz, Joseph E
  • Boskin, Michael J

Abstract

In the last few years, there has developed a large literature, sometimes referred to as the new "public finance," providing a quantitative analysis of a number of traditional problems within the field. This paper is concerned with surveying, or interpreting, what can be learned from this literature; and our belief is that it has taught us a great deal. We concern ourselves here not so much with the derivation of precise formulae, e.g. for optimal tax rates, but with the more general lessons which have emerged.

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Bibliographic Info

Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 67 (1977)
Issue (Month): 1 (February)
Pages: 295-301

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Handle: RePEc:aea:aecrev:v:67:y:1977:i:1:p:295-301

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References

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  1. Atkinson, A. B. & Stiglitz, J. E., 1976. "The design of tax structure: Direct versus indirect taxation," Journal of Public Economics, Elsevier, vol. 6(1-2), pages 55-75.
  2. Stiglitz, Joseph E, 1969. "Distribution of Income and Wealth among Individuals," Econometrica, Econometric Society, vol. 37(3), pages 382-97, July.
  3. Baumol, William J & Bradford, David F, 1970. "Optimal Departures from Marginal Cost Pricing," American Economic Review, American Economic Association, vol. 60(3), pages 265-83, June.
  4. Stiglitz, Joseph E., 1976. "The corporation tax," Journal of Public Economics, Elsevier, vol. 5(3-4), pages 303-311.
  5. Peter A. Diamond & J. A. Mirrlees, 1968. "Optimal Taxation and Public Production," Working papers 22, Massachusetts Institute of Technology (MIT), Department of Economics.
  6. Stiglitz, Joseph E., 1973. "Taxation, corporate financial policy, and the cost of capital," Journal of Public Economics, Elsevier, vol. 2(1), pages 1-34, February.
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Cited by:
  1. Daniel Feenberg & Elisabeth Coutts, 1993. "An introduction to the TAXSIM model," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 12(1), pages 189-194.
  2. Albert J. Robinson, 1982. "Tax Expenditures and the MacEachen Budget," Canadian Public Policy, University of Toronto Press, vol. 8(2), pages 248-252, Spring.
  3. Billy Jack, 2003. "Redistributing to the sick: How should health expenditures be integrated into the tax system?," Working Papers gueconwpa~03-03-16, Georgetown University, Department of Economics.
  4. Pestieau, P., . "The current state and future directions of public finance," CORE Discussion Papers RP -1116, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  5. Michael J. Boskin & Lawrence J. Lau, 1977. "Taxation and Aggregate Factor Supply: Preliminary Estimates," NBER Working Papers 0221, National Bureau of Economic Research, Inc.

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