| 000 -LEADER |
|---|
| fixed length control field |
01359nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
201225b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Baker, Andrew. and Murphy, Richard. |
| 245 ## - TITLE STATEMENT |
|---|
| Title |
Modern monetary theory and the changing role of tax in society |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
|---|
| Place of publication, distribution, etc |
Social Policy and Society |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
19(3), Jul, 2020: p.454-469 |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
Theory (‘MMT’) presents a reversal of the tax-spend cycle, by identifying a spend-tax cycle. Using the UK as an example, we highlight that one of MMT’s most important, but under-explored, contributions is its potential to re-frame the role of tax from both a macroeconomic and social policy perspective. We use insights on the money removal, or cancellation function of taxes, derived from MMT, to demonstrate how this also creates possibilities for using tax to achieve social objectives such as mitigating income and wealth inequality, increasing access to housing, or funding a Green New Deal. For social policy researchers the challenge arising is to use these insights to re-engineer tax systems and redesign social tax expenditures (STEs) for creative social policy purposes. - Reproduced |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Tax, Modern monetary theory, Social policy, Modern tax theory, Money, Debt, Government |
| 9 (RLIN) |
19853 |
| 773 ## - HOST ITEM ENTRY |
|---|
| Main entry heading |
Social Policy and Society |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
|---|
| Subject DIP |
MONETARY THEORY |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
|---|
| Item type |
Articles |
