Ricardo's theory of tax incidence: a comment

Article Abstract:

Some of the explanations of Ricardo's theory of tax incidence lacks elements of truth under normal economic conditions. An analysis of the raw product taxation hypothesis of Ricardo shows validity only under restrictive conditions. The price of luxury goods do not vary with taxation on raw products. Similarly, a positive correlation between a rise in the price of raw products and taxation is found only in extremely restricted conditions. Takuo Dome's evaluation of Ricardo's theory of taxation incidence is quite correct in this sense.

Economic aspects, Criticism and interpretation, Ricardo, David, Tax incidence

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Inflation and growth

Article Abstract:

R.J. Barro's paper confirms the views that consider inflation and growth as unrelated in economics, although he seeks to present an opposite view. Besides the rationale for statistical data being unsound, Barro's graph shows no correlation between inflation and growth. Predicting any country's economy over a decade based on statistical averages pertaining to a diverse countries is injudicious. The representation of inflation and growth relationship in a straight line also undermines Barro's conclusion.

Evaluation, Influence, Economic development, Inflation (Finance), Inflation (Economics), Barro, R.J.

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Classical labour-displacing technological change: the case of the US insurance industry

Article Abstract:

Research into changes within the US insurance industry caused by rapid computerisation is presented. The paper examines the theory of technology displacing labour and shows how this has reached professional roles such as actuary and underwriter.

Research, Insurance industry, History, Technological innovations, Automation, Mechanization

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