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...

The Problem of Economic Incompetence.

Inequality, as measured by incomes, has fallen in the UK over the past 20 years. This will probably come as a surprise to many as the debate on inequality has become more strident as the situation has improved. The problem is that incomes have stagnated. Our sense of...