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...

Contemporary neoclassical property tax incidence theory sees its historical antecedents in Alfred Marshall and H. G. Brown. Its origins can, however, be traced back to David Ricardo via the single tax movement. The classical Ricardian theory of local tax incidence has been misinterpreted by...

Contemporary economics is regarded as being in a state of crisis. Many of the new directions in economics are fully consistent with the Scottish political economy tradition. An under-appreciated name in the Scottish tradition is John Rae (1796-1872). As well as making important contributions to...

In Michal Kalecki's work, aggregate profits are shown to be the sum of gross investment, the government budget deficit, the export surplus, and the difference between capitalist consumption and worker savings. In his 1979 paper, Weintraub suggested that the consumption coefficient, the ratio of...

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...

Laramie A. J. and Mair D. (2005) Regional tax differentials: a Kaleckian approach, Regional Studies 39 , 345-355. The paper presents a Kaleckian approach to the analysis of the incidence and macroeconomic effects of national and local taxes. The micro- and macro-economic foundations of the model...