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Aftermath Thomas E. Hall

Aftermath By Thomas E. Hall

Aftermath by Thomas E. Hall


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Aftermath Summary

Aftermath: The Unintended Consequences of Public Policies by Thomas E. Hall

When government imposes new taxes, rules, or regulations, it creates outcomes that often differ from the original intent. In some cases, these outcomes are so severe that they render the policy a failure. The law of unintended consequences has taken on an increasing importance during the era of ever-expanding government, and this book explores four important examples: cigarette taxes, alcohol prohibition, the minimum wage, and federal income tax. Thomas E. Hall examines how the policies came into being, what underlying political considerations influenced the process, the unintended outcomes of the policies, and why many of these policies are still in place. Because many of these unintended consequences are seriously adverse, the author argues that the moral of these four key examples is that whenever a new government policy is being considered, much more detailed review must be given to the range of potential unintended consequences-a practice that is rarely or accurately undertaken.

About Thomas E. Hall

Thomas E. Hall is a Professor of Economics at Miami University in Oxford, Ohio where he teaches classes on macroeconomics, business cycles, and the Great Depression. He received his BA from the University of Colorado, and his MA and PhD degrees from the University of California - Santa Barbara. He has written several articles in applied macroeconomics, and authored Business Cycles: The Nature and Causes of Economic Fluctuations; The Great Depression: An International Disaster of Perverse Economic Policies (with J.D. Ferguson); The Rotten Fruits of Economic Controls and the Rise From the Ashes, 1965-1989.

Table of Contents

Contents Preface 1. Introduction2. Federal Incomes Taxes: Fundingthe Welfare State 3. Cigarettes: Creating CrimeThrough Taxes 4. The Minimum Wage: PromotingTeenage Unemployment 5. The Fruits of AlcoholProhibition: Poison Booze, Crime, and Corruption 6. Be Careful What You Wish For Notes References Index Normal 0 false false false EN-US X-NONE X-NONE

Additional information

CIN1939709385G
9781939709387
1939709385
Aftermath: The Unintended Consequences of Public Policies by Thomas E. Hall
Used - Good
Hardback
Cato Institute
2014-09-07
114
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

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