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Taxation in the Liberal Tradition

Robert A. Lawson () and J. R. Clark ()
Additional contact information
Robert A. Lawson: Southern Methodist University
J. R. Clark: The University of Tennessee at Chattanooga

The Review of Austrian Economics, 2019, vol. 32, issue 2, No 5, 137 pages

Abstract: Abstract In this essay, we argue that liberal economists should take more seriously the problems of public goods and externalities as well as the capacity of taxation and state action to improve human welfare. While taking seriously the public choice concerns about how the political process works as well as Austrian concerns about the limits of our knowledge in the absence of market price signals, we should also acknowledge that public goods and externalities do exist and taxation can provide a means to improve human welfare.

Keywords: Taxation; Classical Liberalism; Public Goods; Externalities; Austrian Economics (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/s11138-017-0399-7

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