Using an <italic>ls</italic> model analysis, the economic effects of implementing a modest taxation rate on capital wealth (3%) are found to be basically favorable: slightly higher output, lower inequality as measured by various Gini coefficients, and higher social welfare according to the three major social...

This article evaluates the performance of contemporary capitalism relative to that of a hypothetical alternative designated 'profit-oriented market socialism.' In most respects, profit-oriented market socialism would closely mimic contemporary market capitalism. The major difference would be...