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Government Exactions and Revenue Deficiencies

Laffer, Arthur B. - In: Cato Journal 1 (1981) 1, pp. 1-21

The proposition that increases in tax rates discourage market- sector production and may therefore, beyond a certain level, be counterproductive in raising tax revenue is an old issue in the eco- nomic literature. Its recent revival has generated considerable con- troversy and interest among...

Persistent link: https://www.econbiz.de/10010836665

Pollution Externalities: Social Cost and Strict Liability

Lewin, Peter - In: Cato Journal 2 (1982) 1, pp. 205-229

This paper critically considers the neoclassical social-cost approach to problems of pollution. This traditional approach, when subjected to close scrutiny, is found to be seriously wanting in applicability and consistency. A less ambitious alternative based on notions of strict liability is...

Persistent link: https://www.econbiz.de/10010836708

Establishing Property Rights in Energy: Efficient vs. Inefficient Processes

Anderson, Terry L.; Hill, Peter J. - In: Cato Journal 1 (1981) 1, pp. 87-105

In order for a society to use its resources efficiently, property rights must be well defined, enforced, and transferable. By now, this basic conclusion of the modern property rights literature needs little defense. Examples abound of the resource waste that occurs when actors do not bear the...

Persistent link: https://www.econbiz.de/10010836783

The Sixteenth Amendment: The Historical Background

Arthur A. Ekirch, Jr. - In: Cato Journal 1 (1981) 1, pp. 161-182

The history of taxation from the earliest ages has been the history of the attempts of one class to make other classes pay the expenses, or an undue share of the expenses, of the Govern- ment. Aristocrats have always been trying to shift the taxes on to the people, and the people on to the...

Persistent link: https://www.econbiz.de/10010836820

â€œResolving the Tragedy of the Commonsâ€: A Comment

Thurman, Walter N. - In: Cato Journal 1 (1981) 2, pp. 469-471

At the outset I think it is important to recognize a fundamental con- ceptual distinction. That distinction is between wildlife as an input into a production process and wildlife as an output valued by hu- mans. The nature of economic goods is such that raw inputs are sel- dom valued for...

Persistent link: https://www.econbiz.de/10010836878

The Principles of Environmental Protection: The Case of Superfund

Epstein, Richard - In: Cato Journal 2 (1982) 1, pp. 9-53

least call for both a â€œminimalstateâ€™â€™andasharplimitationuponthescopeandthelevel of government activity. This … insistence upon limited government, especially in the area of economic regulation, has greater intellec- tual and popular … intervention in environmental matters, even by those who see themselves as hostile to big government... …

Persistent link: https://www.econbiz.de/10010633437

Pollution Externalities: Social Cost and Strict Liability

Lewin, Peter - In: Cato Journal 2 (1982) 1, pp. 205-229

Persistent link: https://www.econbiz.de/10010633438

Legal Issues in Pollution-Engendered Torts

Best, Robert K.; Collins, James I. - In: Cato Journal 2 (1982) 1, pp. 101-136

The end ofWorld War II marked the birth of the modern chemical industry. From that time synthetic rubbers, fibers, and complex organohalogens have been produced in large commercial quan- tities, such that each member of modern society is exposed to chemicals of exotic physiocheniical activity....

Persistent link: https://www.econbiz.de/10010633441

Public Goods andthe Theory of Government

Kalt, Joseph P. - In: Cato Journal 1 (1981) 2, pp. 565-584

Theeconomistisindeedinadifficultposition.Veryoftenheenters his profession motivated by a desire to in some way effect social reform, yet an intellectually honest and strict adherence to a wert- frei methodology often confines him to an ivory tower. The rigorous formulation and application of the...

Persistent link: https://www.econbiz.de/10010633454

Law, Property Rights, and Air Pollution

Rothbard, Murray - In: Cato Journal 2 (1982) 1, pp. 55-99

Law is a set of commands; the principles of tort or criminal law, which we shall be dealing with, are negative commands or prohibi- tions, on the order of â€œthou shalt notâ€ do actions, X, Y, or Z.1 In short, certain actions are considered wrong to such a degree that it is considered...

Persistent link: https://www.econbiz.de/10010633457