Introduction -- Taxation of income from capital -- The U.S. tax system -- Effective tax rates -- Summary and conclusion.

The first of a set of lectures inaugurated by the University of Uppsala and given every two years in honour of the Swedish economist Erik Lindahl. The lectures in this volume survey the new theoretical links between monetary theory and public finance.

V.1 Capital theory and investment behavior -- V.2 Tax policy and the cost of capital.

Research on capital formation has long been a major focus of studies sponsored by the National Bureau of Economic Research because of the crucial role of capital accumulation in the process of economic growth. The papers in this volume examine the influence of taxes on capital formation, with specific focus on the determinants of saving and the process of investment in plant and equipment.

A study on tax reform, cost of capital, and capital accumulation to guide policy-makers who share the goal of making the capital accumulation more efficient. This approach traces the economic growth in Korea, and discovers empirical evidences

Feldstein shows how systems of taxation influence the rate and nature of capital formation--key to the development of any economy. His identification of important economic and policy questions, adroit use of modeling and new data, and careful attention to dynamics make this book a powerful addition to the literature.