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Tax Your Sins, Experts Say
This chapter explains how sin taxes became a near-permanent strategy for governments to alter individual choice. It describes how sin taxes evolved... -
Coase Theorem
The Coase Theorem states that if transaction costs are zero, the efficient allocation of resources will occur, regardless of the initial distribution... -
The Initial and Final Effects of Monetary Policy on Inflation, Output, and (Un)employment
This chapter deals with the macroeconomic effects of monetary policy. Specifically, a distinction is made between economic effects in the...