
Churchill on capitalism
14 Sep 2014 Leave a comment
in applied welfare economics, constitutional political economy, market efficiency, Public Choice, public economics, technological progress Tags: capitalism, Winston Churchill

The most forgotten diagrams in the political economy of taxation-updated
30 Jul 2014 Leave a comment
in applied price theory, public economics, taxation Tags: incidence of taxes, the burden of taxes


The ability to pass the burden of the tax depends on price elasticity of demand and price elasticity of supply.

The state has no sources of money other than the money people earn themselves
28 Jul 2014 Leave a comment
in liberalism, public economics Tags: Margaret Thatcher
Tax Freedom Day
04 Jun 2014 Leave a comment
in public economics, taxation Tags: taxes

HT: Daniel Mitchell
Is Thomas Piketty a double secret supply-side economist?
03 Jun 2014 Leave a comment
in entrepreneurship, labour supply, public economics Tags: laffer curve, supply-side economics, Thomas Peketty

When a government taxes a certain level of income or inheritance at a rate of 70 or 80 percent, the primary goal is obviously not to raise additional revenue (because these very high brackets never yield much).
It is rather to put an end to such incomes and large estates, which lawmakers have for one reason or another come to regard as socially unacceptable and economically unproductive…








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