“But understanding the role of the public sector in the co-production of economic output allows a more profound perspective. Taxation is the means by which economic actors pay the public sector for its contribution to the productive process. The orthodox model claims that reducing the share of taxation in overall economic output will tend to strengthen growth. If taxation is used productively by an active public sector, the opposite can be the case.”
―
Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth
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Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth
by
Michael Jacobs120 ratings, average rating, 17 reviews
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