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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...
Persistent link: https://www.econbiz.de/10005686893
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...
Persistent link: https://www.econbiz.de/10005554290
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...
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The paper restates the post-Keynesian view of unemployment within a NAIRU framework. In the short run the private effective labour demand need not be downward sloping because of debt deflation and wage-led demand regimes. In the medium run the NAIRU will be endogenous because of the social norm...
Persistent link: https://www.econbiz.de/10011132886
The purpose of this paper is to argue that awareness of the epistemological issues arising from an open-system ontology is critical to understanding the crisis and the policy response, to challenging that understanding and to encouraging a radical policy shift. The argument is couched in terms...
Persistent link: https://www.econbiz.de/10011132887
TThis paper develops an answer to the question of what constitutes a resilient region (Bristow, 2010) by arguing that the resilient region can be seen as a prototype bioregion. The transition from a proto-bioregion to a bioregion, and thus from proto-bioregionalism to bioregionalism proper, is...
Persistent link: https://www.econbiz.de/10011132888