Contrasts the methodologies and policy implications of the respective theories of John Maynard Keynes and Alvin Hansen. Keynes used a rationalistic epistemology and deductive logic to deduce a pure theory of employment which implied that monetary policy would be an appropriate remedy for...

Lipsey, R. G. The foundations of the theory of national income.--Lancaster, K. Operationally relevant characteristics in the theory of consumer behaviour.--Foldes, L. Some comments on the theory of monopoly.--Peacock, A. T. Fiscal means and political ends.--Machlup, F. The universal...

The foundation of a functioning welfare state is a tax system that is widely accepted and considered to be fair and legitimate. How and by what means a tax collecting agency interprets the laws are thus seen to have an impact on taxpayers’ willingness to pay. This article addresses the various...