Investment, Productivity, and the Bonus Culture

American Affairs Journal, Summer 2020 / Volume IV, Number 2, 21st May 2020 Weak growth is far and away the most important economic problem facing the United States. This problem is not simply the result of the financial crisis or the severe recession that followed;...

Corporation Tax

Corporation tax is widely and mistakenly seen as a tax on shareholders, which it is not, rather than a tax on investment, which it is. Understanding this issue is vital if we are to have sensible economic policies in the UK and US. Because UK statistics are so poor,...

The NTV Model for Total Factor Productivity

World Economics • Vol. 20 • No. 2 • April–June 2019, 1st July 2019 Introduction. This paper revises and extends my previous one on TFP * in which I proposed that the NTV model should be preferred to those which follow the current consensus approach. I include in this...