Taxes have existed in Denmark since at least as far back as the earliest surviving written sources. This paper concerns the role taxation has had on shaping Danish society alongside the development of Danish democracy

This paper studies the effect of corporate and personal taxes on innovation in the United States over the twentieth century. We use three new datasets: a panel of the universe of inventors who patent since 1920; a dataset of the employment, location and patents of firms active in R&D since 1921; and a...

The state of poverty in the United States and Western Europe: five theoretical approaches seeking to explain the variance -- The challenge to America -- The historical experience -- Attitudes, beliefs, and values -- System differences as explanations -- The role of political elites -- The role...

The rise and fall of public enterprise: the framework / Pier Angelo Toninelli -- The decline of state-owned enterprise and the new foundations of the state-industry relationship / Nicola Bellini -- The performance of state-owned enterprises / Yair Aharoni -- The role of the state in economic...

Investors have too often extrapolated from recent experience. In the 1950s, who but the most rampant optimist would have dreamt that over the next fifty years the real return on equities would be 9% per year? Yet this is what happened in the U.S. stock market. The optimists triumphed. However,...

The impact of fiscal policy on economic activity is still a matter of great debate. And, ever since Keynes first commented on it, interwar Britain, 1918- 1939, has remained a particularly contentious case | not least because of its high debt environment and turbulent business cycle. This debate...