On Nationalizing Private Property and the Present Value of Dictators: Reply

On Nationalizing Private Property and the Present Value of Dictators: Reply

John Lott and David Reiffen (1986) argue that our explanation of socialism is both inconsistent with rational behavior on the part of government leaders and empirically unsupported. They also assert that our revenuemaximizing inframarginal taxes are incorrectly specified. We feel that their comments...

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Veröffentlicht in:Public choice 1986-01, Vol.48 (1), p.89-91
Hauptverfasser: Gifford, Adam, Kenney, Roy W.
Format: Artikel
Sprache:eng
Schlagworte:
Approximation
Communism
Dictators
Government
Income taxes
Monopsony
Nationalization
Opportunity costs
Politics
Present value
Private property
Productivity
Socialism
Taxes
Wages
Wages & salaries
Workers
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Zusammenfassung:John Lott and David Reiffen (1986) argue that our explanation of socialism is both inconsistent with rational behavior on the part of government leaders and empirically unsupported. They also assert that our revenuemaximizing inframarginal taxes are incorrectly specified. We feel that their comments are a result of a misreading of our paper (1984).
ISSN:0048-5829
1573-7101
DOI:10.1007/BF00239564