A Dynamic Theory of Taxation: Integrating Kalecki into Modern Public Finance

This innovative book offers an original and radical tax policy proposal which can be used to promote growth and stability without affecting income equality.

Immediately following the publication of Keynes's General Theory, Kalecki recognized that the theory of tax had to be re-thought, as aggregate income could no longer be thought of as fixed with respect to tax-induced changes in aggregate demand. To this day, orthodox tax policy analysis continues to ignore aggregate demand effects. The a...