The Theory of Public Finance: A Study in Public Economy

ad valorem tax adjustments Allocation Branch apply assets assume assumption balanced budget benefit borrowing budget policy capital formation cent changes considered constant cost decline deficit defined demand depends determined Distribution Branch Economic elasticity equal equation equilibrium level equity excise factor full employment function future consumption given imposed incidence income effect income tax increase indifference curve individual investor involves J. R. Hicks leisure liquidity preference marginal propensity marginal utility measure ment monetary money illusion money supply obtain output payments period preferences price level principle private wants problem profits progressive tax proportional tax public debt public expenditures public services public wants purchase rate of growth rate of interest rate of tax ratio reduced result rise saving schedule social wants Stabilization Branch structure substitution effect tax rate tax yield taxation theory tion transfer unit tax various wealth effect