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Vol 22 No 11 Nov/Dec 2017

Book of the Month

Cover of The Law of Contract Damages

The Law of Contract Damages

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No Pain, No Gain

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Louis A. FerlegerProfessor of Economics, University of Massachusetts, USA, Jay R. MandleProfessor of Economics, Colgate University, USA

ISBN13: 9780870783463
ISBN: 0870783467
Published: April 1993
Publisher: Brookings Institution Press
Format: Paperback
Price: Out of print

Americans have a relatively low tax burden compared to other economically advanced nations, but this seemingly enviable position is combined with a failing economy and low productivity growth. This book examines the American aversion to taxation and the relationship between tax burden and productivity growth. The authors call for a change in tax structure that will reduce the high level of tax aversion and allow for higher tax revenue, thus increasing productivity growth and the economic well-being of the United States.

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