Perhaps the most serious ethical and political obstacle to converting an income tax to a consumption tax is that older persons who have accumulated wealth after paying income tax will be taxed again under the new consumption tax if they spend down their wealth. A crucial question that arises is...

Canadian Medicare, the government financed national health care system, is seen by many as enhancing both social welfare and competitiveness. If true, this will broaden and further existing conceptions of competitiveness in Canada and beyond. Moreover, it will have important implications for the...

In a move that became front-page news around the world, China announced in late 2015 that it was abandoning its one-child policy. By lifting the restriction 35 years after its introduction, officials were tacitly acknowledging that the one-child law may have taken China down a demographic path...

Cover -- Title Page -- Copyright -- Contents -- About the Author -- Acknowledgments -- Preface -- PART I Market Environment: The 2010s and 2020s -- Chapter 1 Challenges to Active Investing -- Active investing alpha has been falling -- Self‐reinforcing cycle driving poor performance -- Why do...