How capital taxes harm economic growth: Britain versus the United States

Lee Ohanian

Business Review, 1997, issue Jul, 17-27

Abstract: The different methods used by Great Britain and the United States to finance World War II had a significant impact on postwar economic growth in the two countries. In this article, Lee Ohanian discusses the evolution of war-finance policies in the two countries and examines how the different approaches?taxing capital income versus issuing government debt?led to differences in economic performance after the war.

Keywords: Income tax; Great Britain; War - Economic aspects (search for similar items in EconPapers)
Date: 1997
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