Separate Scottish and the rest of U.K. systems of local business property taxation remain the only British example of regional fiscal autonomy. Scottish local business property taxes are L400m. per annum higher than if parity of treatment existed. A Kaleckian tax incidence model is used to...

Michal Kalecki's theories of tax incidence and the business cycle are integrated to demonstrate how the amplitude of the business cycle is affected by the taxation of wages and profits. The impact of taxation depends on the stage of the cycle, the economy's long-run position, the direction of...

Weintraub's consumption coefficient, the ratio of total consumer expenditure to income from employment, helps to elucidate trends in the sectoral and functional distributions of income. It simplifies and adds precision to Kaleckian macroeconomics by showing how distributions of income affect the...