Musgrave, however, speaks of specific tax incidence and differential tax incidence of a budget. Atkinson, Collected papers of Richard A. Musgrave 395 Musgrave's contributions to general equilibrium tax incidence include his well known `On Incidence' in 1953 (I, ch. 3 Musgrave separates the functions of government into three branches: allocation of resources, distribution of income, and stabilization. The Theory of Expenditure Incidence 433 The purpose of this paper is to redress this imbalance, at least in part, by presenting a rigorous general equilibrium analysis of the incidence of government expenditures, that is, of the change in the distribution of real I. Specific tax incidence is one when the pattern of distribution changes due to the imposition of a new tax or by changing the rates of existing taxation, keeping public expenditure and … Musgrave published his seminal paper, "Voluntary Exchange Theory of Public Economy" in the Quarterly Journal of Economics in 1939. His most original and lasting contributions are in taxation theory and public goods theory. 12), but particular stress should be placed on his continuing concern with the empirical implementation of theoretical models. R. Musgrave, the founder of this theory, gave a rather complex description of merit goods. Abstract Richard Musgrave is best known for his treatise The Theory of Public Finance (1959). He point out that incidence takes into account the distributional consequence of budgetary policy change. 5 Ibid… The theory of The Theory of Public Finance is the familiar mixture of logic and introspection, grounded on assumptions that seem reasonably in accord with the economic life around us. 4 Ibid., 81. Musgrave popularized a new concept of incidence. See Musgrave, Theory of Public Finance, chap. Prof. Musgrave defined the term incidence as the resulting change in the distribution of income available for private use, which arises as a result of changes in budget policy. It is from the 1939 paper "Voluntary Exchange Theory of Public Economy" that 'The Musgrave Three-Function Framework' originates. Paul Samuelson would later convert this from a positive theory to a normative theory. A key feature of Musgrave’s Theory of Public Finance was the division of the problem of public finance into what Musgrave called three “branches.” One “branch” was devoted to the problem of achieving full employment. A.B.
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