@techreport{NBERw0151, title = "Some Lessons from the New Public Finance", author = "Joseph E. Stiglitz and Michael J. Boskin", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "151", year = "1976", month = "October", URL = "http://www.nber.org/papers/w0151", 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.}, }