Contents -- Foreword -- Introduction -- Some History -- Current Tax Systems -- Overview of the Book -- References -- I. The Effects of Taxation -- Chapter 1. Distortions and Welfare Losses -- 1.1 The Effects of Taxation -- 1.2 Welfare Losses -- Conclusion -- References -- Chapter 2. Tax Incidence -- 2.1 Partial Equilibrium -- 2.2 General Equilibrium -- References -- II. Optimal Taxation -- Chapter 3. Indirect Taxation -- 3.1 Ramsey's Formula -- 3.2 Productive Efficiency -- References -- Chapter 4. Direct Taxation -- 4.1 The Emergence of the Model -- 4.2 Mirrlees's Model -- 4.3 Generalizations -- 4.4 Simulations -- References -- Chapter 5. Mixed Taxation -- 5.1 The Negative Income Tax -- 5.2 Is Indirect Taxation Useful? -- 5.3 Criticisms -- References -- Chapter 6. Risk and Time -- 6.1 Taxing Savings in a Riskless Economy -- 6.2 A Stochastic Economy -- 6.3 The Inverse Euler Condition -- 6.4 Discouraging Savings -- 6.5 Optimal Taxes -- Conclusion -- References -- Chapter 7. Corrective Taxes -- 7.1 Pigovian Taxation in Partial Equilibrium -- 7.2 Optimal Green Taxes -- 7.3 Is There a Double Dividend? -- References -- Chapter 8. Criticisms of Optimal Taxation -- 8.1 Representing Social Preferences -- 8.2 Putting Tax Theory to Work -- References -- III. Some Current Debates -- Chapter 9. Low-Income Support -- 9.1 Measuring Poverty -- 9.2 The Main Benefits -- 9.3 The Lessons from Theory -- 9.4 Empirical Evaluations -- 9.5 Recent Reforms -- References -- Chapter 10. Taxation and Global Warming -- 10.1 The Optimal Price of Carbon -- 10.2 International Issues -- 10.3 The Dynamics of Carbon Taxation -- References -- IV. Appendixes -- A. Some Basic Microeconomics -- A.1 Consumer Theory -- A.2 Producer Theory -- References -- B. Optimal Control -- Reference -- Index.