eBook

The theory of taxation and public economics

Kaplow, Louis

2008,2011

Overview

The Theory of Taxation and Public Economicspresents a unified conceptual framework for analyzing taxation--the first to be systematically developed in several decades. An original treatment of the subject rather than a textbook synthesis, the book contains new analysis that generates novel results, including some that overturn long-standing conventional wisdom. This fresh approach should change thinking, research, and teaching for decades to come. Building on the work of James Mirrlees, Anthony Atkinson and Joseph Stiglitz, and subsequent researchers, and in the spirit of classics by A. C. Pigou, William Vickrey, and Richard Musgrave, this book steps back from particular lines of inquiry to consider the field as a whole, including the relationships among different fiscal instruments. Louis Kaplow puts forward a framework that makes it possible to rigorously examine both distributive and distortionary effects of particular policies despite their complex interactions with others. To do so, various reforms--ranging from commodity or estate and gift taxation to regulation and public goods provision--are combined with a distributively offsetting adjustment to the income tax. The resulting distribution-neutral reform package holds much constant while leaving in play the distinctive effects of the policy instrument under consideration. By applying this common methodology to disparate subjects,The Theory of Taxation and Public Economicsproduces significant cross-fertilization and yields solutions to previously intractable problems.

• Publisher: Princeton University Press
• Subject: Ability To Pay / Business / BUSINESS & ECONOMICS / BUSINESS & ECONOMICS / Economics / Theory / BUSINESS & ECONOMICS / Public Finance / BUSINESS & ECONOMICS / Taxation / General / Ceteris paribus / Commodity / Consideration / Consumption (economics) / Consumption tax / Convenience / Cost–benefit analysis / Determination / Developed country / Disposable and discretionary income / Distribution (Economic theory) / Distributive justice / Donation / Economic equilibrium / Economics / Economy / Employment / Expenditure / Externality / Finance / Finance, Public / Fiscal policy / Flat tax / Generosity / Human capital / Incentive / Income / Income distribution / Income tax / Insurance / Interdependence / Investment / Labour supply / Lump sum / Luxury tax / Marginal cost / Marginal utility / Market failure / Optimal tax / Optimale Besteuerung / Pareto efficiency / Payment / Phase Out / Pigovian tax / Poverty / Pricing / Provision (accounting) / Public economics / Public Finance / Receipt / Redistribution of income and wealth / Requirement / Revenue / Risk aversion / Saving / Sharing / Social insurance / Social welfare function / Soziale Wohlfahrtsfunktion / Steuereinnahmen / Steuerpolitik / Steuerreform / Steuertheorie / Subsidy / Substitution effect / Suggestion / Tax / Tax incidence / Tax rate / Tax reform / Tax revenue / Tax Schedule / Taxation / Taxpayer / Theorie / Total Utility / Trade-off / Transfer payment / Utility / Value (economics) / Verteilungsgerechtigkeit / Wage / Wealth / Welfare / Welfare economics / Wohlfahrtsanalyse / Öffentliche Ausgaben
• ISBN: 0691130779, 9780691148212, 9780691130774, 069114821X, 140083922X, 9781400839223