The early postwar years, 1949-1952 -- The Cold War years to 1956 -- A New Left critique -- The search for a method -- The magnum opus and the Cuban Revolution -- The Kennedy years: civilian government spending -- Inflation, imperialism, and the Cuban Missile Crisis -- Here is Rhodes; jump here!...

We characterize the Laffer curves for labor taxation and capital income taxation quantitatively for the US, the EU-14 and individual European countries by comparing the balanced growth paths of a neoclassical growth model featuring ”constant Frisch elasticity” (CFE) preferences. We derive...

In a Walrasian labor market, the labor income share is constant under the assumptions of a Cobb-Douglas production function and perfect competition. Given the observed decline of the labor share in recent decades, this paper relaxes these assumptions, proposes a time-series calculation of the...