the period from 1953 through1978. The analysis emphasizes that the Interaction of inflation and existing tax rules has …

JamesTobin, relies on increasing the rate of inflation and making money less attractive relative to real capital. In Tobin …. This paper will examine ways of increasing capital intensity without raising the rate of inflation. The analysis will also … show why, contrary to Tobin's conclusion, a higher rate of inflation may not succeed in increasing investors' willingness …