Transcription of The Pure Theory of Public Expenditure Paul A. Samuelson ...
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The Pure Theory of Public Expenditure Paul A. Samuelson ...
The Pure Theory of Public ExpenditurePaul A. SamuelsonThe Review of Economics and Statistics, Vol. 36, No. 4. (Nov., 1954), pp. URL: Review of Economics and Statisticsis currently published by The MIT use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtainedprior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content inthe JSTOR archive only for your personal, non-commercial contact the publisher regarding any further use of this work. Publisher contact information may be obtained copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such JSTOR Archive is a trusted digital repository providing for long-term preservation and access to leading academicjournals and scholarly literature from around the world.
vided by competitive market pricing, (a) so long as the production functions satisfy the neoclassical assumptions of constant returns to scale and generalized diminishing returns and (b) so long as the individuals7 indifference contours have regular convexity and, we may add, (c) so long as all goods are private. We
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