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One feels constrained to step lightly in an examination of the Laf- fer curve. Laffer contends that higher tax rates, by removing incen- tive, will discourage work, lead to less output, and thereby reduce government’s total tax revenue. Surely the contention that lower tax rates will...
Persistent link: https://www.econbiz.de/10011141236
Max Hartwell’s paper gives us a picture of the good old days. Hav- ing just paid my taxes, or at any rate the federal-income-taxportion of them, Jam not inclined to view favorablyanyleveloftaxesother than none at all. Still, the paper portrays the closest we’ve come in modern times...
Persistent link: https://www.econbiz.de/10011141244
Since the early 1870s, when John D. Rockefeller began assembling Standard Oil of New Jersey, the large, usually American-owned and -managed, oil companies have been the most famous and con- troversial business enterprises in the United States as well as throughout most of the world.’ Even...
Persistent link: https://www.econbiz.de/10011141245
There are about 1,605,000 acres in about 300 barrier islands and spits in the United States.’ They rim the Atlantic and Gulf coasts from Cape Cod to the Mexican border and vary from small units of 50 acres or less to islands of more than 100,000 acres. Some are lit- tle more than elevated...
Persistent link: https://www.econbiz.de/10011141246
This paper critically considers the neoclassical social-cost approach to problems of pollution. This traditional approach, when subjected to close scrutiny, is found to be seriously wanting in applicability and consistency. A less ambitious alternative based on notions of strict liability is...
Persistent link: https://www.econbiz.de/10010836708
At the outset I think it is important to recognize a fundamental con- ceptual distinction. That distinction is between wildlife as an input into a production process and wildlife as an output valued by hu- mans. The nature of economic goods is such that raw inputs are sel- dom valued for...
Persistent link: https://www.econbiz.de/10010836878
Russian Federation, but these approaches didn't influence on government system and decision-making mechanism. To reach … government need to be changed. Also they need to be re-oriented from mastering of budget money and formal closure of current … orders to planning, reaching, monitoring and evaluation of performance results of government with every given level of …
Persistent link: https://www.econbiz.de/10010779550
The contemporary American city serves as evidence of government failure and as a focal point for crisismongering. In … city is most responsive to human aspirations when government is least intrusive. At no point do I argue that the market …, though I do favor drastically diminished government interven- tion in the cities, both to improve the potential for economic …
Persistent link: https://www.econbiz.de/10010661599
of exchange are not determined by buyers and sellers, however, but by the government or a legislature, then the assurance … of mutual advantage breaks down. Indeed, if the government sets the terms of exchange (by price fixing, for instance …
Persistent link: https://www.econbiz.de/10010661650
The end ofWorld War II marked the birth of the modern chemical industry. From that time synthetic rubbers, fibers, and complex organohalogens have been produced in large commercial quan- tities, such that each member of modern society is exposed to chemicals of exotic physiocheniical activity....
Persistent link: https://www.econbiz.de/10010661780