Studies in Macroeconomic Theory
Redistribution and Growth
- 1st Edition - September 25, 2014
- Latest edition
- Author: Edmund S. Phelps
- Editor: Karl Shell
- Language: English
Studies in Macroeconomic Theory, Volume 2: Redistribution and Growth is a compendium of scholarly papers on the behavior and public control of distribution and growth in the market… Read more
Studies in Macroeconomic Theory, Volume 2: Redistribution and Growth is a compendium of scholarly papers on the behavior and public control of distribution and growth in the market economy. The papers in this volume focus on the subject of public finance under the broad theory of economic policy. The papers are grouped into five groups or sections. Part I covers the steady-state choices. The second part takes up the efficient use of a given volume of saving in the choice among national investments. Part III explores the alternative approaches to optimal national saving. Part IV discusses the maximin-optimal graduated taxation of wage income. The final section expounds on Rawls's vision of the just economy. Economists will find the text invaluable and insightful.
PrefaceIntroduction: Taxation, Redistribution, and GrowthI. Steady-State Choices 1. The Golden Rule of Accumulation: A Fable for Growthmen 2. Public Debt, Taxation, and Capital Intensiveness 3. Linear Taxation of Wealth and Wages for Intragenerational Lifetime Justice: Some Steady-State CasesII. Efficient Growth: The Uses of Saving 4. The New View of Investment 5. Substitution, Fixed Proportions, Growth and Distribution 6. Induced Invention, Growth and Distribution 7. On the Increase of Technology 8. Investment in Humans, Technological Diffusion, and Economic Growth 9. Population IncreaseIII. Optimal National Saving: Alternative Approaches 10. The Accumulation of Risky Capital: A Sequential Utility Analysis 11. Fiscal Neutralism and Activism toward Economic Growth 12. Second-Best National Saving and Game-Equilibrium Growth 13. The Indeterminacy of Game-Equilibrium Growth 14. Rawlsian Growth: Dynamic Programming of Capital and Wealth for Intergeneration 'Maximin' JusticeIV. Optimal Redistribution and Growth 15. Taxation of Wage Income for Economic Justice 16. Linear 'Maximin' Taxation of Wage and Property Income on a 'Maximin' Growth Path 17. The Concept of Optimal Taxation in the Overlapping-Generations Model of Capital and WealthV. Notions of Justice in Public Finance 18. Recent Developments in Welfare Economics: Justice et Équité
- Edition: 1
- Latest edition
- Published: September 25, 2014
- Language: English
KS
Karl Shell
Affiliations and expertise
Cornell UniversityRead Studies in Macroeconomic Theory on ScienceDirect