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Distributional Effects of Tax Expenditures
The idea of a “tax expenditure” dates back to Stanley Surrey, who was Assistant Secretary of the US Treasury for Tax Policy back in the 1960s.
The Prospects for Services-Led Development
The path of economic development for countries around the world has followed a similar pattern of sectoral shifts: from agriculture to manufacturing to services.
Was Vaccine Development an Example of Successful “Industrial Policy”?
Was the development of COVID-19 vaccines under Operation Warp Speed a successful example of “industrial policy”?
Some Economics of Sawdust
Cambridge University Press has published a 35th anniversary edition of The Economist’s View of the World and the Quest for Well-Being by Steven E. Rhoads.
Interview with Rucker Johnson: Supporting Children
Douglas Clement interviews Rucker Johnson about his research in the Fall 2021 issue of For All, published by the Opportunity & Growth Institute at the Minneapolis Fed (“Rucker Johnson interview: Powering potential,” subtitled “Rucker Johnson on school finance reform, quality pre-K, and integration”).
The Benefits of Slaughtering Special Interests in the 1850s
In the first half-century or so of US history, most of the legislation about businesses occurred at the state level, and the bulk of that legislation was goodies for political supporters, like special legislation allowing a politically connected person or group to start a firm or a bank.
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In the past half century Lebanon has quickly moved from a state with a thriving economy envied by its neighbors to a failed economy and state.
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