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Regarding your 3rd point: Indeed, in the first case, the tax is imposed on the seller/producter, and in the second, on the consumer, but I think (and, actually, it's what the theorems argues) that the same reasoning applies in both cases: the seller has to determine how much the potential consumers are ready to put (including possible taxes) in
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I think your objection holds, but it holds only because it is extreme. The idea that leads to the Austrian theorem of tax incidence is that sellers have no reservation price ; that is, that the supply curve is vertical. In these conditions, the supply isn't affected by a tax increase. Now, if, as in your example, the tax increase is huge, the remaining
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Hello, I'm currently reading Hal Varian's intermediate micro textbook . I have been very amazed to find in this book an analysis of the fiscal incidence issue which seems to me very similar to the Austrian one. Indeed, in the 1st chapter, the author writes, Let’s consider another example of a surprising comparative statics analysis: the
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I believe Bastiat wrote about that in The Law.
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A French version of MES there: http://fr.scribd.com/doc/83244561/L-homme-l-economie-et-l-Etat-Murray-Rothbard-1962 Some libertarian PDFs in French there: http://www.institutcoppet.org/category/ebooks/
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If you're wrong, Mises is wrong with you: The Malthusian law of population is one of the great achievements of thought. Together with the principle of the division of labor it provided the foundations for modern biology and for the theory of evolution; the importance of these two fundamental theorems for the sciences of human action is second only
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According to wikipedia: Sowell has stated that he was a Marxist “during the decade of my 20s"; one of his earliest professional publications was a sympathetic examination of Marxist thought vs. Marxist-Leninist practice. [10] His experience working as a federal government intern during the summer of 1960 caused him to reject Marxian economics
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Rothbard criticizes it in the second volume of his History of Economic Thought . Indeed, Sowell asserts Böhm-Bawerk demonstration's in Karl Marx and the Close of his System is erroneous. According to Rothbard, this passage of Sowell's book was written when the author was still marxist and was not changed since.
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Yes, it's this one. But I'm just realizing Fegeldolfy had already mentioned it above.
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Interesting (if it's true). I have never heard of it. I only know that Keynes reviewed the Theory of Money and Credit in 1914. He wrote the book was unoriginal.