Home Books

Economic Theory

Download An essay on the monetary theory of distribution by Massimo Pivetti PDF

By Massimo Pivetti

Show description

Read or Download An essay on the monetary theory of distribution PDF

Best economic theory books

Heterodox Macroeconomics: Keynes, Marx and globalization

Heterodox Macroeconomics bargains a close figuring out of the rules of the hot worldwide monetary situation. The chapters, from a range of major lecturers within the box of heterodox macroeconomics, perform a synthesis of heterodox rules that position monetary instability, macroeconomic trouble, emerging worldwide inequality and a grab of the perverse and pernicious characteristics of world and household macroeconomic coverage making due to the fact that 1980 right into a coherent viewpoint.

Arbeitsbuch Statistik

Dieses Arbeitsbuch erg? nzt perfekt das Lehrbuch Fahrmeir/K? nstler/Pigeot/Tutz: Statistik - Der Weg zur Datenanalyse. Es enth? lt die L? sungen zu den dort gestellten Aufgaben. Dar? ber hinaus bietet es eine Reihe weiterer Aufgaben inklusive L? sungen und desktop? bungen mit realen Daten. Es dient damit der Vertiefung und der Ein?

Dynamic Factor Demand in a Rationing Context: Theory and Estimation of a Macroeconomic Disequilibrium Model for the Federal Republic of Germany

A macroeconomic disequilibrium version is built for the Federal Republic of Germany. beginning with a microeconomic version of firm's behaviour, the optimum dynamic adjustment of employment and funding is derived. The version of the company is complemented via an explicite aggregation process which permits to derive macroeconomic kinfolk.

The Political Economy of New Slavery

This particular quantity combines chapters containing a multidisciplinary educational research of the explanations of the ongoing lifestyles of up to date varieties of slavery, resembling globalization, poverty and migration with empirical chapters on trafficking, household migrant staff, bonded labour and baby labour in Asia, Latin the USA and Africa.

Additional info for An essay on the monetary theory of distribution

Example text

Harberger concludes with a discussion of the potential for short-run, transitional, and dynamic analysis of the incidence of the corporate income tax. He suggests that transitional incidence analysis belongs in the category of the unknowable, but that dynamic incidence analysis is somewhat more tractable. Harry Grubert of the US Treasury Department and Rosanne Altshuler of Rutgers University evaluate several recent proposals to reform the taxation of cross-border income and present new information on the burden of the current system.

For example, the ‘‘buy/borrow/die’’ scheme of investing in assets that yield only capital gains, borrowing against their appreciated value to finance consumption, and holding the assets (and the loans) until the gains avoid taxation at death that take advantage of the asymmetries caused by a hybrid structure. He argues that fundamental tax reform will not be achieved with marginal extensions of existing approaches, but only with a thorough rethinking of the theory of taxation, one that takes into account the insights of behavioral economics.

7 But we do not have a clear sense of what the welfare gains would be from removing such tax distortions. A problem in estimating the efficiency costs of financial distortions is that these distortions exist in an environment in which first-best behavior in the absence of tax distortions would be unlikely. With the existing agency problem due to the separation of ownership and control, tax-induced financial distortions could lessen deadweight loss, for example, by forcing entrenched managers to take on more debt and therefore to expend greater effort to stave off bankruptcy.

Download PDF sample

Rated 4.06 of 5 – based on 27 votes