Keeping the Tablets: Modern American Conservative ThoughtWilliam F. Buckley (Jr.), Charles R. Kesler |
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Page 228
... effect , " and it works to increase supply . However , Rivlin also said : It is also theoretically arguable that when a tax cut provides people with ... effect " offset the " substitution effect 228 POLITICAL ECONOMY AND THE WELFARE STATE.
... effect , " and it works to increase supply . However , Rivlin also said : It is also theoretically arguable that when a tax cut provides people with ... effect " offset the " substitution effect 228 POLITICAL ECONOMY AND THE WELFARE STATE.
Page 229
... effect " offset the " substitution effect , " referred to a narrow range of studies that left the question unresolved , and concluded : “ In the range of policy options that we have been dealing with , I think the as- sumption that ...
... effect " offset the " substitution effect , " referred to a narrow range of studies that left the question unresolved , and concluded : “ In the range of policy options that we have been dealing with , I think the as- sumption that ...
Page 230
... effects " net out , " leaving only the " substitution effects , " which unambiguously increase work effort . There can be no aggregate " income effect " unless the impact of incentives is to raise real aggregate income . Economic theory ...
... effects " net out , " leaving only the " substitution effects , " which unambiguously increase work effort . There can be no aggregate " income effect " unless the impact of incentives is to raise real aggregate income . Economic theory ...
Contents
Preface by William F Buckley Jr | 1 |
You Ever See a Dream Walking? by William | 19 |
The Quest for a Tradition | 37 |
Copyright | |
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