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This book investigates the basic theoretical framework and conducts a logical analysis of China’s new supply-side economics, while also providing a strategic path to remedy the plight of China’s economic development. From the perspective of connotation, theory and methods, China’s structural reform differs both from that proposed by the Western supply-side school or supply-side economics, and from that proposed by structural economists. The theoretical basis of supply-side structural reform falls under socialist political economics with Chinese characteristics, and the new supply-side economics represent an important component of socialist political economics with Chinese characteristics.
This book goes through the process of trying to define the present version of supply-side economics; what its social, political and cultural effect is on society. I will try to find ground to grad its performance, what its parameters are and who is behind the movement. The first thought one has when reading the title of this book is of politics and economics. This book examines not only the numbers that expose the system, but also the human nature of the leaders that make up the policy. The psychotic numbers attached will prove the "glutton" behavior. I will not attack one side or the other; rather, I will examine the present-day results dominated by the two party systems.I will examine past events like child labor abuse in the first part of our century, racial inequality, even Vietnam to illustrate the illness behind our judgments of our history. Events such as the stock market crash will be used to quantify the behavior of the present. The catastrophic events of September 11, 2001, will the numbers to the policy and by attaching the past to the present, this book will make it easier to understand today and help predict tomorrow.
Foundations of Supply-Side Economics: Theory and Evidence is composed of a series of papers containing both theoretical and empirical analyses of a set of issues in government fiscal policy. The type of analysis employed in the book is standard neoclassical economics, and this analysis is used to study the macroeconomic incentive effects of taxation. The book contains contributions that cover the analysis of the effects of taxes imposed purely for generating revenues; the process of capital formation; and an attempt to integrate supply-side analysis into a traditional macroeconomic framework. Reports on the empirical evidence on taxation and economic activity and the estimation of a small macroeconomic model of the United States for the postwar period; description of a method of calculating effective marginal tax rates on factor incomes using available U.S. data; and the estimation of the effect of fiscal policy on private investment in plant and equipment are presented as well. Economists will find the book highly insightful.
This volume features a series of essays which arose from a conference on economics, addressing the question: what is the nature of the firm in economic analysis? This paperback edition includes the Nobel Lecture of R.N. Case.
"A Manhattan Institute for Policy Research book"--P. ii. Bibliography: p. 286-289.