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The Lindahl Lectures, inaugurated by the University of Uppsala on Monetary and Fiscal Policy, are given every two years in honour of Erik Lindahl, a distinguished Swedish economist.;Tax Reform and the Cost of Capital, the first set of lectures in the series, surveys the new theoretical links between monetary theory and public finance. The book is divided into three sections: the cost of capital; the cost of elasticities and the costs of reform; and the trade-off between equity and efficiency.