Offers an explanation for the widespread reduction in marginal tax rates that is founded on the growing competitiveness of governments that can be attributed to the expanding mobility of world resources. Argues that modern technological developments have increased the elasticity of demand for...

President Nixon's re-election committee had in 1972 more than $50 million with which to wage its campaign against George McGovern. Because it was commonly presumed that Nixon would easily win the election, the "dirty tricks" and the Watergate burglary have been variously described as...

The United States has become to a considerable extent a redistrib- utive society. The taxing power of the state continues to be used to transfer massive amounts of purchasing power from those who earn their keep to those relatively few who are truly in need and to those relatively many who are...

Giving this presidential address to the Southern Economics Association is more of a privilege than a duty of office. I suspect that I am more honored to give this talk than most past presidents of the Association, given my current academic post in California. I may be far removed from my...