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Class Notes

Short notes that may be assigned for ENVP Poverty, Inequality and the Environment

Classical and Neoclassical Economic Concepts

"Restore the Original Wealth Tax" In the age of income and corporate tax loopholes, the property tax remains the only tax many rich people and corporations pay--even though they have already substantially croppled it by convincing ordinary folks it's a tax on the poor and middle class. Dollars & Sense Magazine, March/April 2011.

"George, Wicksell and Gaffney: A Three-Factor Model of the Boom and Bust Cycle." Presented at the History of Economics Society, June 2007. Published March 2009, International Journal of Social Economics.

1. Demand and Supply Basics

2. Monopolies, Oligopolies and Cartels

3. Elasticity of Supply, Demand and Income

4. Taxation--Who Pays?

5. Externalities and Public Goods

6. Production; Increasing and Decreasing Returns; Factor Proportions

Ideas to Remember from the Course

The Classical Economists' Theory of Income Distribution and George's Modification

Commons, Titles and Rent

Critique of ITEP on Who Pays Taxes?

Definitions: Arbitrage, Impute, Margin, Profit

Discounting: Basic Equations