NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Some Lessons from the New Public Finance

Joseph E. Stiglitz, Michael J. Boskin

NBER Working Paper No. 151
Issued in October 1976

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.

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Document Object Identifier (DOI): 10.3386/w0151

Published: Boskin, Michael J. and Joseph E. Stiglitz. "Some Lessons from the New Public Finance," The American Economic Review, Papers and Proceedings, Vol. 67, No. 1, February 1977, pp. 295-301.

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