Some Lessons from the New Public Finance

20 Pages Posted: 24 Jul 2007

See all articles by Joseph E. Stiglitz

Joseph E. Stiglitz

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

Michael J. Boskin

Stanford University - The Hoover Institution on War, Revolution and Peace; National Bureau of Economic Research (NBER)

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Date Written: October 1976

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

Stiglitz, Joseph E. and Boskin, Michael J., Some Lessons from the New Public Finance (October 1976). NBER Working Paper No. w0151. Available at SSRN: https://ssrn.com/abstract=471587

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Michael J. Boskin

Stanford University - The Hoover Institution on War, Revolution and Peace ( email )

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National Bureau of Economic Research (NBER)

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United States

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