Is mathematics able to give insight into current questions in finance, economics and politics?

Democrats in the US say that taxes can be used to "grease the wheels" of the economy and create wealth enough to recover taxes and thereby increase employment; the Republicans say that taxation discourages investment and so increases unemployment. These arguments cannot both be correct, but both arguments seem meritorious. Faced with this paradox, one might hope that a rigorous mathematical approach might help determine which is the truth.

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Year of publication:	2014-10
Authors:	Shepp, Larry ; Imerman, Michael
Institutions:	arXiv.org

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Extent:	application/pdf
Series:	Papers.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010940042