Income-Generating Effects of a Balanced Budget

Henry C. Wallich

The Quarterly Journal of Economics, 1944, vol. 59, issue 1, 78-91

Abstract: Scope of the paper: effects of a non-progressive balanced increase in the budget, 78. — The mechanics, 79. — Qualifications: character of government output, 82; competition with private enterprise, 83; effect upon the propensity to consume, 83; further effects of taxation, 85. — Comparison of income-generating measures, 88.

Date: 1944
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