Budgetary policy decisions in many Western countries are now overhung by anxiety about the growth of public debt. Substantial budget deficits are being run in these countries and in many of them public debt has recently grown not only in absolute terms but also as a proportion of GNP. A...

Budgetary policy decisions in many Western countries are now overhung by anxiety about the growth of public debt. Substantial budget deficits are being run in these countries and in many of them public debt has recently grown not only in absolute terms but also as a proportion of GNP. A...

The paper is a contribution to a series of recollections and reflections on the professional experiences of distinguished economists which the Banca Nazionale del Lavoro Quarterly Review started in 1979. Brian Reddaway recollects his professional experiences and the significant changes in his...

Nicholas Kaldor's most important work on U.K. direct taxation is his path-breaking book An Expenditure Tax (1955). This actually covers the whole field of direct taxation, and was written because the terms of reference of the Royal Commission on which he played a leading part did not cover a tax...