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1662

William Petty's Treatise of taxes and contributions

The seminal eco­nomic work by the erudite and multi-​​talented William Petty, in which he con­siders the best tax policies for pro­moting growth. He pro­poses use of the tax and spend method, with emphasis on taxing con­sumption and imports rather than income. In his view tax policy should be used to finance public spending by the State while keeping the accounts balanced.



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