Following Classical Economics
Following Classical Economics Share Trending The Wealth of Nations, 1776), Jean-Baptiste Say ( A Treatise on Political Economy, 1803), James Mill ( Commerce Defended, 1808), David Ricardo ( Principles of Political Economy and Taxation, 1817), John Stuart Mill ( Principles of Political Economy, 1848) and Ludwig von Mises ( Human Action, 1949), would concur with this notion – the reduction of taxes increases revenue. Steven Kates explains how “Reductions in taxation have a different effect on economic outcomes and can be consistent with classical principles of generating economic grow...
Source: townhall.com