December 2014
Beginner
352 pages
14h 24m
English
Content preview from The Economics Book
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IN CONTEXT
FOCUS
Economic policy
KEY THINKER
Anne-Robert-Jacques Turgot (1727–81)
BEFORE
1689–1763 Expensive wars, together with an inefficient tax system that exempted landowners and unions, lays the ground for French financial crisis and the Revolution.
AFTER
1817 In his Principles of Political Economy and Taxation, British economist David Ricardo argues that taxes should fall on luxuries.
1927 British mathematician Frank Ramsay emphasizes the importance of price elasticity.
1976 Economists Anthony Atkinson and Joseph Stiglitz suggest uniform commodity taxes are optimal in The Design of Tax Structure.
Who bears the burden of tax? The key question of “tax ...
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