Capitalists, Workers, and Fiscal Policy: A Classical Model of Growth and Distribution
Drawing on the work of the classical-Marxian economists and their modern successors, Capitalists, Workers, and Fiscal Policy sets forth a new model of economic growth and distribution, and applies it to two major policy issues: public debt and social security. The book homes in specifically on the p...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, MA
Harvard University Press
[2022]
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| Schlagworte: | |
| Online-Zugang: | DE-1043 DE-1046 DE-858 DE-859 DE-860 DE-473 DE-739 URL des Erstveröffentlichers |
| Zusammenfassung: | Drawing on the work of the classical-Marxian economists and their modern successors, Capitalists, Workers, and Fiscal Policy sets forth a new model of economic growth and distribution, and applies it to two major policy issues: public debt and social security. The book homes in specifically on the problem of fiscal policy, examining the ways that taxation and government spending affect the distribution of wealth and income as well as the rate of economic growth. Thomas Michl's model shows that public debt has a regressive effect on wealth distribution. It also demonstrates that the accumulation of wealth by public authorities, for example, in the form of a pension reserve such as the U.S. social security trust fund, can have a progressive effect on wealth distribution, both directly (since it represents ownership by the citizenry) and indirectly through its general equilibrium effects on the structure of accumulation. The book's findings provide an analytical foundation for a macroeconomic policy of using fiscal surpluses to accumulate a public pension reserve fund that serves to effect a progressive redistribution of wealth |
| Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 31. Jan 2022) |
| Beschreibung: | 1 online resource (320 pages) |
| ISBN: | 9780674275348 |
Internformat
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| 520 | |a Drawing on the work of the classical-Marxian economists and their modern successors, Capitalists, Workers, and Fiscal Policy sets forth a new model of economic growth and distribution, and applies it to two major policy issues: public debt and social security. The book homes in specifically on the problem of fiscal policy, examining the ways that taxation and government spending affect the distribution of wealth and income as well as the rate of economic growth. Thomas Michl's model shows that public debt has a regressive effect on wealth distribution. It also demonstrates that the accumulation of wealth by public authorities, for example, in the form of a pension reserve such as the U.S. social security trust fund, can have a progressive effect on wealth distribution, both directly (since it represents ownership by the citizenry) and indirectly through its general equilibrium effects on the structure of accumulation. The book's findings provide an analytical foundation for a macroeconomic policy of using fiscal surpluses to accumulate a public pension reserve fund that serves to effect a progressive redistribution of wealth | ||
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| 650 | 4 | |a Fiscal policy | |
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Datensatz im Suchindex
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| author | Michl, Thomas R. 1951- |
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| dewey-ones | 330 - Economics |
| dewey-raw | 330.1 |
| dewey-search | 330.1 |
| dewey-sort | 3330.1 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
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| isbn | 9780674275348 |
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| spelling | Michl, Thomas R. 1951- Verfasser (DE-588)170280802 aut Capitalists, Workers, and Fiscal Policy A Classical Model of Growth and Distribution Thomas R. Michl Cambridge, MA Harvard University Press [2022] © 2009 1 online resource (320 pages) txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed 31. Jan 2022) Drawing on the work of the classical-Marxian economists and their modern successors, Capitalists, Workers, and Fiscal Policy sets forth a new model of economic growth and distribution, and applies it to two major policy issues: public debt and social security. The book homes in specifically on the problem of fiscal policy, examining the ways that taxation and government spending affect the distribution of wealth and income as well as the rate of economic growth. Thomas Michl's model shows that public debt has a regressive effect on wealth distribution. It also demonstrates that the accumulation of wealth by public authorities, for example, in the form of a pension reserve such as the U.S. social security trust fund, can have a progressive effect on wealth distribution, both directly (since it represents ownership by the citizenry) and indirectly through its general equilibrium effects on the structure of accumulation. The book's findings provide an analytical foundation for a macroeconomic policy of using fiscal surpluses to accumulate a public pension reserve fund that serves to effect a progressive redistribution of wealth In English BUSINESS & ECONOMICS / Labor bisacsh Economic development Fiscal policy Income distribution https://www.degruyter.com/isbn/9780674275348 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Michl, Thomas R. 1951- Capitalists, Workers, and Fiscal Policy A Classical Model of Growth and Distribution BUSINESS & ECONOMICS / Labor bisacsh Economic development Fiscal policy Income distribution |
| title | Capitalists, Workers, and Fiscal Policy A Classical Model of Growth and Distribution |
| title_auth | Capitalists, Workers, and Fiscal Policy A Classical Model of Growth and Distribution |
| title_exact_search | Capitalists, Workers, and Fiscal Policy A Classical Model of Growth and Distribution |
| title_exact_search_txtP | Capitalists, Workers, and Fiscal Policy A Classical Model of Growth and Distribution |
| title_full | Capitalists, Workers, and Fiscal Policy A Classical Model of Growth and Distribution Thomas R. Michl |
| title_fullStr | Capitalists, Workers, and Fiscal Policy A Classical Model of Growth and Distribution Thomas R. Michl |
| title_full_unstemmed | Capitalists, Workers, and Fiscal Policy A Classical Model of Growth and Distribution Thomas R. Michl |
| title_short | Capitalists, Workers, and Fiscal Policy |
| title_sort | capitalists workers and fiscal policy a classical model of growth and distribution |
| title_sub | A Classical Model of Growth and Distribution |
| topic | BUSINESS & ECONOMICS / Labor bisacsh Economic development Fiscal policy Income distribution |
| topic_facet | BUSINESS & ECONOMICS / Labor Economic development Fiscal policy Income distribution |
| url | https://www.degruyter.com/isbn/9780674275348 |
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