Taxation in the Liberal Tradition

Posted: 4 Aug 2017

See all articles by Robert Lawson

Robert Lawson

Southern Methodist University (SMU) - Strategy & Entrepreneurship Department

J. R. Clark

The University of Tennessee at Chattanooga

Date Written: August 3, 2017

Abstract

In this essay, we argue that liberal economists should take more seriously the problems of public goods and externalities as well as the capacity of taxation and state action to improve human welfare. While taking seriously the public choice concerns about how the political process works as well as Austrian concerns about the limits of our knowledge in the absence of market price signals, we should also acknowledge that public goods and externalities do exist and taxation can provide a means to improve human welfare.

Keywords: Taxation, Classical Liberalism, Public Goods, Externalities, Austrian Economics

Suggested Citation

Lawson, Robert and Clark, Jeff R., Taxation in the Liberal Tradition (August 3, 2017). Review of Austrian Economics, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3013237

Robert Lawson (Contact Author)

Southern Methodist University (SMU) - Strategy & Entrepreneurship Department ( email )

United States

Jeff R. Clark

The University of Tennessee at Chattanooga ( email )

Department of Economics
Suite 313 Fletcher Hall
Chattanooga, TN 37403-2598
United States

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