The Science of Finance; An Investigation of Public Expenditures And Public Revenues

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It would be a mistake, however, to so emphasize the importance of taxation that its relation to the other parts of the fiscal system is lost to view. Not only would this lead to an 28s 286 GENERylL CONSIDERATIONS RESPECTING TAXES.
imperfect conception of the financial organization of modem states, but it would render a- study of taxation itself unneces- sarily difficult, since that study would then be deprived of the broad basis upon which certain of the most important prin- ciples of taxation
...rest. Taxation is undoubtedly the most comprehensive problem in the Science of Finance, but it does not fill the domain of that science.
46. Concerning the Method of Treatment. — One ac- quainted with the general literature of the subject is familiar with the different methods adopted by English and Continental writers in their treatment of the problem of taxation. Most English writers include what they have to say on this subject in their treatises upon Political Economy.
John Stuart Mill, for example, after bringing his system of private economy to a logical close, adds a fifth book which he entitles On the Influence of Government.


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