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Some Lessons from the New Public Finance

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  • Joseph E. Stiglitz
  • Michael J. Boskin

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.

Suggested Citation

  • Joseph E. Stiglitz & Michael J. Boskin, 1976. "Some Lessons from the New Public Finance," NBER Working Papers 0151, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:0151
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    References listed on IDEAS

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    1. Stiglitz, Joseph E., 1976. "The corporation tax," Journal of Public Economics, Elsevier, vol. 5(3-4), pages 303-311.
    2. 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.
    3. 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.
    4. Baumol, William J & Bradford, David F, 1970. "Optimal Departures from Marginal Cost Pricing," American Economic Review, American Economic Association, vol. 60(3), pages 265-283, June.
    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, 1969. "Distribution of Income and Wealth among Individuals," Econometrica, Econometric Society, vol. 37(3), pages 382-397, July.
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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. repec:rre:publsh:v:35:y:2005:i:3:p:246-65 is not listed on IDEAS
    3. Pierre Pestieau, 1994. "The current state and future directions of public finance," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 1(2), pages 169-174, October.
    4. 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.
    5. Blomqvist, Ake, 1997. "Optimal non-linear health insurance," Journal of Health Economics, Elsevier, vol. 16(3), pages 303-321, June.
    6. Markt Jörg, 2001. "Knut Wicksell: Zum Geburtstag des Begründers einer kritischen Vertragstheorie," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 52(1), pages 189-214, January.
    7. Michael J. Boskin & Lawrence J. Lau, 1977. "Taxation and Aggregate Factor Supply: Preliminary Estimates," NBER Working Papers 0221, National Bureau of Economic Research, Inc.
    8. Albert J. Robinson, 1982. "Tax Expenditures and the MacEachen Budget," Canadian Public Policy, University of Toronto Press, vol. 8(2), pages 248-252, Spring.
    9. Kerry D. Vandell & Michael O'Hare, 1979. "Indirect Government Aid To the Arts: the Tax Expenditure in Charitable Contributions," Public Finance Review, , vol. 7(2), pages 162-181, April.
    10. Joshua Hall, 2016. "Tax Expenditures: A Review and Analysis," Working Papers 16-07, Department of Economics, West Virginia University.

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