April, 2006

Last Rejoinder to Milanovic

Milanovic must live on another planet if he thinks that China and India in pursuit of a multi-polar world will promote a Tobin tax. Having been involved with policy discussions in these two countries for the last few decades, the Tobin tax has never been and is still not even on their distant horizon. I […]

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Rejoinder to Lal: Global Welfare, Empire, and Playing God

I am glad that Deepak Lal has not waited in vain for a Tobin Tax discussion. I cannot speculate when and if the US congress might agree to divest itself of some of its tax-raising powers. Indeed, with the current mood in the country and the current crop of politicians sitting in the Congress, it […]

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Response to Milanovic on the Tobin Tax, Empire, and Migration

I wondered when the Tobin Tax would come up! This concept envisages taxing financial transactions around the globe to throw some sand into financial markets to tame their volatility. The proceeds to be given to the UN to hand out as welfare payments to the world’s poor may have been endorsed by the World Bank’s […]

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