Public Finance

Author:   M E Robinson
Publisher:   Rarebooksclub.com
ISBN:  

9781236078513


Pages:   44
Publication Date:   17 May 2012
Format:   Paperback
Availability:   Not yet available   Availability explained
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Public Finance


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Overview

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 Excerpt: ...of textile goods, and the loss from any holding up of this falls, not only on the original investors, but on all consumers. To take another case. It is arguable that during the nineteenth century the real interests of the country would have been better served if less had been invested in railways and more in housing. Better housing would certainly have increased the comfort and might have increased the productive efficiency of the poor, but, on the other hand, anything that checked the development of transport would have checked agricultural development, and the loss from dearer food would have to be set against the gain from better housing in calculating the net gains of the change both to the poor and to the country as a whole. 3. In these cases there is no reason to think that the transference would have any immediate effect upon employment. The people who, without the tax, would have been employed in building railways might, after the tax, be employed on housing, and the sum paid in wages in both cases might be equal. If, however, the tax not only transferred wealth but discouraged production (e. g. not only absorbed a part of the largest incomes, but discouraged the development of these incomes) it would mean that demand at some points would be checked without compensating increases at others. This must reduce the total demand for goods and services and ultimately react on employment. 4. Where taxation means a considerable reduction of saving it is possible that part of the loss may be shifted from the original taxpayers to other classes. Capital is essential for industry. A shortage of capital means generally that the competition for the smaller supply forces up its price and the interest rate rises. This means that capital will not be applied in the ...

Full Product Details

Author:   M E Robinson
Publisher:   Rarebooksclub.com
Imprint:   Rarebooksclub.com
Dimensions:   Width: 18.90cm , Height: 0.20cm , Length: 24.60cm
Weight:   0.095kg
ISBN:  

9781236078513


ISBN 10:   1236078519
Pages:   44
Publication Date:   17 May 2012
Audience:   General/trade ,  General
Format:   Paperback
Publisher's Status:   Active
Availability:   Not yet available   Availability explained
This item is yet to be released. You can pre-order this item and we will dispatch it to you upon its release.

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