TY  - JOUR
T1  - Taxation in Economic Thought
AU - Gamaleldin Awad, Amr AU - Fahad Almai, Abrar 
JO  - International Business Management
VL  - 15
IS  - 4
SP  - 171
EP  - 179
PY  - 2021
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2021.171.179
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2021.171.179
KW  - Taxation
KW  -Economic thought
KW  -classic school
KW  -Solow
AB  - This study illustrate the history of Economic
thought schools in taxation from classic school and new
classic school to Solow growth model and indigenous
growth model. The paper plan to use historical method
and descriptive-analytical approach to illustrate the
history of Economic thought schools in taxation. The
paper going to highlights the content of Economic thought
history in taxation from the classic school to growth
model and indigenous growth model. This study
concludes that the classic school supported tax only when
it necessary to fund the basic services of the state to carry
out its basic duties. While Keynes, he pointed out that
taxes should contribute to the redistribution of income and
wealth in society because lake for allocate income and
wealth in society leads to decline in effective demand
which leads to economic recession. for that the
government should impose progressive taxes which
contribute to the redistribution of income and wealth in
society and the increase in effective demand. Solow built
his economic growth model based on the role of taxes in
enhance economic growth. Solow growth model is based
on the fact that increasing government revenues from
taxes means increasing savings which increases economic
growth if the greater part of the tax revenues is directed to
investment. However, a tax negatively affects on
Economic growth if tax revenue directed to consumer
expenditure. Then, the endogenous growth models stated
that economic growth is primarily the result of
endogenous variables, rather than exogenous. It argues
that improvements in productivity can be tied directly to
faster innovation and more investments in human capital.
This study is very important for scholars, institutes,
universities, research centers, organizations and
governments which concern to know and studying
taxation in Economic thought.
ER  -