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Italy. The same cannot be said of the seminal work of Knut Wicksell, whose work in his Finanztheoretische Untersuchungen …
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Paul A. Samuelson taught that every society has to choose between butter and guns. Individuals have to make the Gossen test of utility equivalence. The authors of the recent Mirrlees Review seem to believe that they can avoid this choice by considering taxation only. But how can one decide on...
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