Series ForewordThe Lindahl Lectures on Monetary and Fiscal Policy have been
instituted by Uppsala University with support from Nordbanken as a biannual event to honor the memory of Erik Lindahl
( 1891- 1960). Lindahl was a great economist who held a chair in
economics at the University between 1942 and 1958. A concise
but thorough account of Lindahl's scientific contributions with
a selective bibliography has been published by Otto Steiger.1 A
more extensive account, including many valuable biographical
details, has been presented by Jan Petersson.2 Lindahl's contributions fall mainly within four areas:
|1. ||National income accounting.|
|2. ||Public finance.|
|3. ||Monetary and macroeconomic theory.|
|4. ||Stabilization policy.|
National accounts are essential for the design of tax policy
and stabilization policies. Lindahl developed a consistent intertemporal framework for the basic concept of income by relating
it to capital, the pricing of capital goods, and capital gains and
losses. He also devoted much time and effort to initiating the
empirical measurement of national income movements over
time in Sweden. His extremely meticulous work with social
accounting concepts has proved to be of such lasting value that
it led Sir John Hicks to call him 'the father of Social Accounting
In public finance Lindahl greatly advanced Knut Wicksell's
benefit approach to taxation. His theoretical model for distribut____________________
Questia, a part of Gale, Cengage Learning. www.questia.com
Book title: Public Economics in Action:The Basic Income/Flat Tax Proposal.
Contributors: A. B. Atkinson - Author.
Publisher: Clarendon Press.
Place of publication: Oxford.
Publication year: 1996.
Page number: v.
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