This paper examines the operational consistency and logical nature of apartheid with reference to capitalism and socialism. The radical/Marxian slogan that identifies apartheid as racial capitalism is rejected based upon the internal contradictions implied by this phrase. These contradictions...

"Economic analysis of tax policy has tended to follow a macro approach in which the state is the focal point and the individual taxpayer is marginalised. An alternative micro approach, exemplified by the classic work of Wicksell, leads to an analysis of the seemingly inexorable growth of the...