Fax the Corporate Tax …… Avert Regulatory-, Social- and Fiscal Capture ! (Psst: Dangereux !)
Fax the Corporate Tax …… Avert Regulatory-, Social- and Fiscal Capture ! (Psst: Dangereux !) GangaPrasad Rao Energy, Environmental and Mineral Economist gprasadrao@hotmail.com gprasadrao.blogspot.com gprao64.blogspot.com Disclaimer: Dangereux ! Click here for the pdf Introduction Macro- and Regulatory Economics are not exactly close cousins. One dwells on the operation and administration of entire economies by designing optimal fiscal and monetary policies that foster a larger, globally-competitive, nominal economic paradigm; the other seeks to contain the concentrated and diffused social, environmental, safety and health externalities caused by real-immeserizing, profit-seeking firms in globalized nominal capital markets while ensuring a low-cost and efficient pathway for businesses to achie ve long-run sustainability. And though there seems hardly an overlap, it is the stimulation of the nominal economic paradigm by means of unbalanced fiscal and monetary policies that engen...