A Pigovian Approach for 21st Century Markets
1. Auflage 2016,
513 Seiten, Gebunden, Book, Format (B × H): 140 mm x 216 mm, Gewicht: 7526 g
Verlag: SPRINGER NATURE
Nijs Neoliberalism 2.0: Regulating and Financing Globalizing MarketsIn today's increasingly globalized environment, many economic fundamentals need to be reconsidered in order to regain stability in the global marketplace. One such consideration is the failing dynamics of the international tax infrastructure.
Neoliberalism 2.0 brings a 21st century assessment of the Pigovian taxes, considering a completely new calibration of the international tax systems, inspired by the historically developed Pigovian tax model. The book considers the impact neoliberalism had and will have on regulatory infrastructure, democracy in an era of globalization and reduced legitimation of the national state. The Pigovian model brings home the often forgotten relationship between taxation (as a part of the regulatory sphere), macro-economics, and the political-philosophical context in which law and economics emerge. The model also takes into account the phenomena of globalization and financialization and is tested using the financial sector as an example. This book addresses the many challenges a Pigovian shift would imply for the sovereign and its national economies.
Neoliberalism 2.0 demonstrates the ability to design a paradigm-changing alternative to the current tax infrastructure, while taking into account a low economic growth environment of the future, the implications of globalization and the changing relationship between citizens and their state.
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'Table of Contents List of Tables 1. Introduction 1.1. An Initial Survey 1.2. The Taxation Perspective 1.3. The Neoliberal Context and the Rule of Law . 1.4. Rising Inequality Despite Progressive Tax Systems 1.5. Sequencing the Topics and Justification of the Research Statement 2. Liberalism versus Neo-Neoliberalism 2.1. Introduction 2.2. Dissecting Liberalism 2.2.1. Constituting Principles and (Soft) Demarcation Lines 2.2.2. Classifications 2.2.3. Classical Liberalism 2.2.4. Social Liberalism 2.2.5. Libertarianism 2.3. Positioning Neo-Liberalism and Objective of the Free Market 2.3.1. Historical Dimensions 2.3.2. Classical Neo-Liberalism 2.3.3. Stages in the Emergence of Neoliberalism 2.3.4. The Neoliberal Conception of Freedom 2.3.5. Evaluation 2.4. The Problematic Relation Between the State and the Free Market 2.5. How Neo-Liberalism Differs From Liberalism: A Re-Visitation of the Past 2.6. Neo-Liberalism and the Rule of Law 2.7. Interim Conclusion 3. Changing Sovereignty, Democracy, Individual Freedom and the Evolving Dynamics of Taxation in a Modern Neoliberal State Within Europe 3.1. Introduction 3.2. Development of the Nation State 3.2.1. (Historical) Connotation Between State-Sovereignty and Legitimacy 3.2.2. The Historical Dimensions and Role of Taxation 3.2.3. Sovereignty Dynamics 3.2.4. Application of Those Principles in a 21st Century Characterized by Globalization 3.3. The Role of Individual Freedom: a Back-Test Against Neo-Liberalism 3.3.1. The Different Dimensions of Freedom 220.127.116.11. Negative Freedom 18.104.22.168. Positive Freedom 3.3.2. The Libertarian Concept of Freedom 3.3.3. The Concept of Freedom and the Dynamics of a Modern Welfare State 3.3.4. Freedom and the Neo-Liberal State 3.3.5. Fear, Democracy and the Neoliberal Individual 3.3.6. The Neoliberal State Infrastructure and Neo-Liberal Freedom 3.3.7. Controlled Freedom as Ideology . 3.3.8. Characterization of Neoliberal Freedom 3.3.9. The Neo-Liberal Individual and its Relation to the Democratic Sovereign 3.4. Future Dynamics of Democracy in a (Post)-Neo-Liberal State 3.4.1. The Problem Lies Within the Constituting Elements of Democracy 3.4.2. Democracy and Partial Regional Sovereignty 22.214.171.124. Democracy Implications of EU Membership 126.96.36.199. Democracy Implications of EMU 2.0 Membership 3.4.3. The Issue of Legitimacy in Europe 3.4.4. Democratic Legitimacy in a Non-Optimal Currency Area (EMU 2.0) 3.5. Interim Conclusion 4. Constructing an Alternative Tax Model Against the Background of a Changing (Tax) Sovereignty Paradigm Within the EU 4.1. Introduction 4.2. Evolving Tax Sovereignty 4.2.1. Historical Dimensions 4.2.2. The EU Dimension 4.2.3. The EU's Involvement in Direct Tax Matters 4.2.4. Colliding Principles: Fiscal Sovereignty of Member States and the Direct Effect of EU Law 4.3. Internationalization and Digitalization Affecting Tax Matters 4.4. The Nature of the Willingness to Pay Taxes 4.5. Increasing Instrumentalism and Legitimacy in Tax Matters 4.6. Final Observations Regarding Contemporary Income-Tax Based Systems 4.7. The Pigovian Tax Model 4.7.1. Introduction 4.7.2. Pigou's Original Position and Its Evolution 4.7.3. Critiques on the Pigovian Model 188.8.131.52. Measurement 184.108.40.206. What Externalities to Capture? 220.127.116.11. Reciprocity and Individual Property Rights 18.104.22.168. A Continuous Point of Contention: Non-linear Harm 22.214.171.124. Specific Versus General Balance Analysis 4.7.4. Effects in the Short-Term Versus Long-Term of Pigovian Taxes and the Double-Dividend Hypothesis 126.96.36.199. Longevity of Pigovian Taxes 188.8.131.52. The Double-Dividend Hypothesis 4.7.5. Do Pigovian Taxes Cause Deadweight Loss or Do They Hamper Economic Growth? 4.7.6. Pigovian Taxes and the Ability-To-Pay Principle 4.7.7. Pigovian Tax Credits 4.8. The Concept and Pricing of an Externality 4.8.1. Introduction 4.8.2. The Problem of Variation in Marginal Social Cost 4.8.3. Is it Possible to Re