Spurred by advances in electronic miniaturization and power efficiency, lightweight, powerful and inexpensive tablet computers entered the mass market in significant volumes in 2010. Since that time, sales of tablet computers have increased to account for over half of personal computer (PC)...

This paper examines the role that computers have played in boosting U.S. economic growth in recent years. The paper focuses on two effects - the effect of increased productivity in the computer-producing sector and the effect of investments in computing equipment on the productivity of those who...

This paper clarifies many misunderstandings around national account. When GDP measures both output revenue and input spending, it commits the double counting mistake. Though both GDP and NI are measuring mostly spending, they contain completely different, non-overlapping, entries. This paper...

The thesis is that inconsistent tax accounting rules undermine the individual income tax, and the best available move for improving it – given the unassailability of the realization principle - is to eliminate its accrual (and quasi-accrual) features. Specifically, the agenda is to eliminate...

Depreciation deduction is an old, well-established institution in the income tax regime and an intrinsic part of it. The main method of depreciation operative in many countries is the straight line deprecation method. This method involves a multi-year depreciation deduction, that is, the capital...