This book offers an original and radical tax policy proposal which can be used to promote growth and stability without affecting income quality. 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. "A Dynamic Theory of Taxation" should be a welcome addition to the literture and should be of interest to tax policy analysts and government policy advisors, as well as scholars working in the fields of public finance, post-Keynesian and Kaleckian economics.
The global trading system is undergoing a period of transition. Shifting economic circumstances, major advances in technology and the emergence of new players all underscore that we are on the edge of major change. Persistent imbalances continue to be a cause of concern in some major economies. In such a climate of uncertainty only one thing is certain- that there is a great need to strengthen the global trading system.
<p><u>Entrepreneurial Finance: A Casebook</u> provides students with a thorough understanding of entrepreneurial finance through the use of cases based on realistic situations. This case approach allows students to gain insight into the real world of entrepreneurial finance while sharpening their analytical skills. The cases are organized according to four major topics critical to a thorough understanding of entrepreneurial finance: Investment Analysis, Financing the Entrepreneurial Firm, Harvesting, and Renewal in the Entreprenurial Firm. </p>
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