In Praise of Frank Ramsey's Contribution to the Theory of Taxation

34 Pages Posted: 31 Mar 2015

See all articles by Joseph E. Stiglitz

Joseph E. Stiglitz

Columbia Business School - Finance and Economics; National Bureau of Economic Research (NBER)

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Date Written: March 2015

Abstract

Frank Ramsey’s brilliant 1927 paper, modestly entitled, ‘A contribution to the theory of taxation’, is a landmark in the economics of public finance. Nearly a half century later, through the work of Diamond and Mirrlees (1971) and Mirrlees (1971), his paper can be thought of as launching the field of optimal taxation and revolutionising public finance. Ramsey, F.P. (1927). ‘A contribution to the theory of taxation’, Economic Journal, vol. 37(145), pp. 47–61.

Suggested Citation

Stiglitz, Joseph E., In Praise of Frank Ramsey's Contribution to the Theory of Taxation (March 2015). The Economic Journal, Vol. 125, Issue 583, pp. 235-268, 2015. Available at SSRN: https://ssrn.com/abstract=2587450 or http://dx.doi.org/10.1111/ecoj.12187

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