The 1980s and 1990s were a watershed in terms of both tax and monetary policy. The 1981 Reagan tax cut ushered in supply-side economics, while the 1986 Tax Reform Act produced a substantial cut in the marginal individual income tax rate. In terms of monetary policy, the Volcker-Greenspan chairmanships of the Federal Reserve initiated fundamental changes in monetary policies that lowered inflation. Jankowski examines both tax and monetary policies to determine their effects on profits. He shows that the pretax profit rate fell in the post-World War II year, but that the post-tax profit rate...
The 1980s and 1990s were a watershed in terms of both tax and monetary policy. The 1981 Reagan tax cut ushered in supply-side economics, while the ...
Individuals have little incentive to vote, acquire political information or contribute campaign funds, because their vote has very little chance of affecting the outcome of an election. Jankowski offers an explanation and evidence for political participation based on the fact that most individuals are weakly altruistic.
Individuals have little incentive to vote, acquire political information or contribute campaign funds, because their vote has very little chance of af...
