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Why Progressive Institutions are Unsustainable by Richard A Epstein
Why Progressive Institutions are Unsustainable by Richard A Epstein
Soft Cover
56 pages
Copyright 2011
CONTENTS
Encounter Broadsides #26
Classical Liberal vs Modern Progressive
The Downward Progressive Cycle
The Stability of the Classical Liberal Model
Conclusion
ON THE BACK COVER
The painful performance of the American economy in the past decade is not a function of bad luck; it is the product of flawed institutional design. Right now, we are reaping the harvest of efforts to reinvigorate progressive programs of the New Deal, which stress high -taxes, large transfer payments, strong labor laws, and major barriers to free trade.
In this compelling Broadside, Richard A. Epstein takes an in-depth look at how this combination of public finance and market regulation has proved to be a potent force for disaster. High marginal tax rates expose the political system to strong factional strife, stifling initiative, adding uncertainty, and reducing overall revenues. A return to the flat tax of the classical liberal tradition is the best way to reinvigorate the markets and overcome progressive excesses.
RICHARD A. EP STEINI'S the Laurence A. Tisch Professor of Law at New York University, a senior fellow at the Hoover Institution, and the Yames Parker Hall Distinguished Service Professor of Law Emeritus and senior lecturer at the University of Chicago Law School. His most recent book, Design for Liberty: Private Property, Public Administration, and the Rule of Law, was published in October 20Hby Harvard University Press.
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