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Laffer Curve
In economics, the Laffer curve illustrates a theoretical relationship between tax rate, rates of taxation and the resulting levels of the government's tax revenue. The Laffer curve assumes that no tax revenue is raised at the extreme tax rates of 0% and 100%, meaning that there is a tax rate between 0% and 100% that maximizes government tax revenue. The shape of the curve is a function of taxable income Elasticity (economics), elasticity—i.e., taxable income changes in response to changes in the rate of taxation. As popularized by Supply-side economics, supply-side economist Arthur Laffer, the curve is typically represented as a graph that starts at 0% tax with zero revenue, rises to a maximum rate of revenue at an intermediate rate of taxation, and then falls again to zero revenue at a 100% tax rate. However, the shape of the curve is uncertain and disputed among economists. One implication of the Laffer curve is that increasing tax rates beyond a certain point is count ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muqaddimah
The ''Muqaddimah'' ( "Introduction"), also known as the ''Muqaddimah of Ibn Khaldun'' () or ''Ibn Khaldun's Introduction (writing), Prolegomena'' (), is a book written by the historian Ibn Khaldun in 1377 which presents a view of Universal history (genre), universal history. Some modern thinkers view it as the first work dealing with the social sciences of sociology, demography, and cultural history.Mohamad Abdalla (Summer 2007. "Ibn Khaldun on the Fate of Islamic Science after the 11th Century", ''Islam & Science'' 5 (1), p. 61-70. The ''Muqaddimah'' also deals with Islamic theology, historiography, the philosophy of history, economics,I. M. Oweiss (1988), "Ibn Khaldun, the Father of Economics", ''Arab Civilization: Challenges and Responses'', New York University Press, .Jean David C. Boulakia (1971), "Ibn Khaldun: A Fourteenth-Century Economist", ''The Journal of Political Economy'' 79 (5): 1105–1118. Political philosophy, political theory, and ecology. It has also been descri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edward Twisleton
Edward Turner Boyd Twisleton (born 24 May 1809, Ceylon) was the son of Thomas Twisleton. He was educated at Winchester and he matriculated at Oriel College, Oxford in 1826. He became a scholar at Trinity College and graduated with a first class honours. He was called to the bar but did not practice, instead serving on government commissions. He was a British Poor Law Commissioner serving in Ireland between 1845 and 1847. He tackled his work assisting the relief effort with enthusiasm but argued with Charles Trevelyan and Charles Wood over taxes. He resigned his office because he objected to rate-in-aid legislation that he regarded as unfair to the north of Ireland, making them in effect pay for relief twice. Twisleton died at Boulogne Boulogne-sur-Mer (; ; ; or ''Bononia''), often called just Boulogne (, ), is a coastal city in Hauts-de-France, Northern France. It is a Subprefectures in France, sub-prefecture of the Departments of France, department of Pas-de-Calais. Bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Famine (Ireland)
The Great Famine, also known as the Great Hunger ( ), the Famine and the Irish Potato Famine, was a period of mass starvation and disease in Ireland lasting from 1845 to 1852 that constituted a historical social crisis and had a major impact on Irish society and history as a whole. The most severely affected areas were in the western and southern parts of Ireland—where the Irish language was dominant—hence the period was contemporaneously known in Irish as , which literally translates to "the bad life" and loosely translates to "the hard times". The worst year of the famine was 1847, which became known as "Black '47".Éamon Ó Cuív – the impact and legacy of the Great Irish Famine The population of Ireland on the eve of the famine was about 8.5 million; by 1901, it was just 4.4 million. During the Great Hunger, roughly 1 million people died and more than 1 million more Irish diaspora, fled the country, causing the country's population to fall by 20–25% between 18 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Hume
David Hume (; born David Home; – 25 August 1776) was a Scottish philosopher, historian, economist, and essayist who was best known for his highly influential system of empiricism, philosophical scepticism and metaphysical naturalism. Beginning with '' A Treatise of Human Nature'' (1739–40), Hume strove to create a naturalistic science of man that examined the psychological basis of human nature. Hume followed John Locke in rejecting the existence of innate ideas, concluding that all human knowledge derives solely from experience. This places him with Francis Bacon, Thomas Hobbes, John Locke, and George Berkeley as an empiricist. Cranston, Maurice, and Thomas Edmund Jessop. 2020 999br>David Hume" ''Encyclopædia Britannica''. Retrieved 18 May 2020. Hume argued that inductive reasoning and belief in causality cannot be justified rationally; instead, they result from custom and mental habit. We never actually perceive that one event causes another but only experience ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Della Moneta
Della Moneta (On Money) is a 1751 book written by Ferdinando Galiani, and is one of the first specific European treatises on economics, especially monetary theory, preceding Adam Smith's The Wealth of Nations by twenty-five years. Summary ''Della Moneta'' is divided into five sections, covering what are still seen today as the standard aspects of monetary theory. These include the origin of money, its value (including inflation and deflation), interest, and monetary policy. The Origin of Money The author, only 23 years old at the time, started with the history of Italian coinage, going back to the Greeks and Romans. Discarding the contemporary view of the origin of money through centrally planned contracts, Galiani proposes that money tends to arise spontaneously, through the need for trade, anticipating the Austrian school of economics by well over a century. He describes a sort of thought experiment, in which a government would attempt to trade or confiscate through taxes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ferdinando Galiani
Ferdinando Galiani (2 December 1728, Chieti, Kingdom of Naples – 30 October 1787, Naples, Kingdom of Naples), known in French contexts as ''Abbé'' Galiani, was an Italian economist, a leading Italian figure of the Enlightenment. Friedrich Nietzsche referred to him as "a most fastidious and refined intelligence" and "the most profound, discerning, and perhaps also the filthiest man of his century." Biography Born in Chieti, he was carefully educated by his uncle, Monsignor Celestino Galiani, in Naples and Rome with a view to entering the church. Galiani showed early promise as an economist, and even more as a wit. By the age of twenty-two, after he took orders, he had produced two works by which his name became widely known far beyond the bounds of Naples. The first, '' Della Moneta'', a disquisition on coinage in which he shows himself a strong supporter of mercantilism, deals with many aspects of the question of exchange, but always with a special reference to the state of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arthur Laffer 2019
Arthur is a masculine given name of uncertain etymology. Its popularity derives from it being the name of the legendary hero King Arthur. A common spelling variant used in many Slavic, Romance, and Germanic languages is Artur. In Spanish and Italian it is Arturo. Etymology The earliest attestation of the name Arthur is in the early 9th century Welsh-Latin text ''Historia Brittonum'', where it refers to a circa 5th century Romano-British general who fought against the invading Saxons, and who later gave rise to the famous King Arthur of medieval legend and literature. A possible earlier mention of the same man is to be found in the epic Welsh poem ''Y Gododdin'' by Aneirin, which some scholars assign to the late 6th century, though this is still a matter of debate and the poem only survives in a late 13th century manuscript entitled the Book of Aneirin. A 9th-century Breton landowner named Arthur witnessed several charters collected in the '' Cartulary of Redon''. The Irish borrow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gerald Ford
Gerald Rudolph Ford Jr. (born Leslie Lynch King Jr.; July 14, 1913December 26, 2006) was the 38th president of the United States, serving from 1974 to 1977. A member of the Republican Party (United States), Republican Party, Ford assumed the presidency after the resignation of President Richard Nixon, under whom he had served as the 40th vice president of the United States, vice president from 1973 to 1974 following Spiro Agnew's resignation. Prior to that, he served as a member of the U.S. House of Representatives from 1949 to 1973. Ford was born in Omaha, Nebraska, and raised in Grand Rapids, Michigan. He attended the University of Michigan, where he played for Michigan Wolverines football, the university football team, before eventually attending Yale Law School. Afterward, he served in the U.S. Naval Reserve from 1942 to 1946. Ford began his political career in 1949 as the U.S. representative from Michigan's 5th congressional district, serving in this capacity for nearly 25 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hotel Washington (Washington, D
Washington Hotel or Hotel Washington may refer to: * Washington Hotel (Greenfield, Missouri) * Hotel Washington (Indianapolis, Indiana) * Hotel Washington (Washington, D.C.) * Hotel Washington (Madison, Wisconsin) See also * George Washington Hotel (other) *Mount Washington Hotel The Omni Mount Washington Resort is a historic luxury resort hotel in Bretton Woods, New Hampshire, United States, near Mount Washington. It was designed by Charles Alling Gifford. In 1944, it hosted the Bretton Woods Conference, which establi ..., Bretton Woods, New Hampshire * Paris Hotel (San Diego), formerly Washington Hotel {{disambig Architectural disambiguation pages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Secretary Of The Treasury
The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is, by custom, a member of the Cabinet of the United States, president's cabinet and, by law, a member of the United States National Security Council, National Security Council, and fifth in the U.S. presidential line of succession. Under the Appointments Clause of the United States Constitution, the officeholder is nominated by the president of the United States, and, following a confirmation hearing before the United States Senate Committee on Finance, Senate Committee on Finance, will take the office if confirmed by the majority of the full United States Senate. The United States Secretary of State, secretary of state, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrew Mellon
Andrew William Mellon (; March 24, 1855 – August 26, 1937), known also as A. W. Mellon, was an American banker, businessman, industrialist, philanthropist, art collector, and politician. The son of Mellon family patriarch Thomas Mellon, he established a vast business empire before moving into politics. He served as United States Secretary of the Treasury from March 9, 1921, to February 12, 1932, presiding over the boom years of the 1920s and the Wall Street Crash of 1929. A conservative Republican, Mellon favored policies that reduced taxation and the national debt of the United States in the aftermath of World War I. Mellon also helped fund and manage Kennywood Park in West Mifflin, Pennsylvania. Andrew began working at his father's Pittsburgh, Pennsylvania, bank, T. Mellon & Sons, in the early 1870s, eventually becoming the leading figure in the institution. He later renamed T. Mellon & Sons as Mellon National Bank and established another financial institution, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
