A Dynamic Theory of Taxation: Integrating Kalecki Into Modern Public Finance

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E. Elgar, Jan 1, 2000 - Business & Economics - 199 pages
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Immediately following the publication of Keynes's "General Theory", Kalecki recognized that the theory of tax had to be re-thought, as aggregate income could no longer be thought of as fixed with respect to tax-induced changes in aggregate demand. To this day, orthodox tax policy continues to ignore aggregate demand effects. The authors consider this orthodox approach to be deficient, and show how tax policies can promote growth without having a negative impact on quality. They incorporate Kalecki's theory of tax incidence into an analysis of income determination, income distribution, investment, business cycles and growth. In addition, they examine the incidence of the corporate profits tax and the macroeconomic and regional incidence, and effects of local taxation.

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The rationale for Kaleckian tax analysis
Integrating Kaleckis theories of taxation and income determination
Taxation and Kaleckis theory of the business cycle

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About the author (2000)

Douglas Mair is Professor of Economics at Heriot-Watt University, UK.

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