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Vol 21 No 9 Sept/Oct 2016

Book of the Month

Cover of Goode on Commercial Law

Goode on Commercial Law

Edited by: Ewan McKendrick
Price: £170.00

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Peasants Versus City-dwellers

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Raaj K. Sah, Joseph E. StiglitzProfessor of Economics, Stanford University, USA

ISBN13: 9780198285816
ISBN: 0198285817
Published: March 1992
Publisher: Oxford University Press
Format: Hardback
Price: Out of print

This volume addresses issues facing today's less-developed countries (LDCs). The authors ask who should bear the cost of development and examine a variety of specific policy issues, among them questions of taxation and subsidies to the poor.;The authors believe that such policy issues can be described only by developing and using models that capture the central features of LDCs. They construct a range of simple equilibrium models of LDCs, allowing us to deal with the diversity of institutions and behaviour observed in different LDCs.;Though the book is primarily concerned with issues of taxation, the general methodology has other applications as well. Written in a non-technical style, each chapter contains a statement of problems at hand and a summary of the analysis.

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Part 1 An introduction to issues and methodology: the objectives and instruments of government policy and the structure of the economy in LDCs; an approach to applied welfare economics.
Part 2 Inter-sectoral taxation and pricing policies: rural-urban prices in an open economy; the price scissors in an open economy; the price scissors in closed and partially closed socialist economies; the Soviet industrialization debate and collectivization.
Part 3 The rural sector: income distribution and alternative organizational forms within the rural sector; taxes and subsidies on different goods in the rural sector.
Part 4 The urban sector: the impact of urban wage and employment determination on taxation policies; some aspects of the wage-productivity hypothesis that are relevant for taxation analysis; taxes and subsidies on different goods in the urban sector; tax policy in the presence of migration and urban unemployment; taxation in the urban sector - some aspects of the underlying model; the social cost of labour; concluding remarks.