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• Τσουλφίδης, Λευτέρης

This article critically evaluates Ricardo's contributions to the theory of taxation. It begins with an analysis of taxes on income flows, where the main focus is on the incidence of taxation on profits. We examine two circumstances of taxation on profits, when gold (the money commodity) is produced inside a country, and when it is imported. Contrary to Ricardo, the analysis shows that money continues to be neutral in the presence of taxation on profits. The article continues with an investigation of the effects of taxation on commodity flows. We conclude that although some results of Ricardo's analysis are questionable, nevertheless, his bold method of analysis together with his conceptualization of taxation as an integral part of long run prices sheds new light on current tax problems.

• Economics and Business
• Computer and information sciences

• Economics
• Statistics

Περιέχει παράρτημα πινάκων, υποσημειώσεις και βιβλιογραφία, I am indebted to Willi Semmler, Robert Heilbroner, and Persefoni Tsaliki for helpful comments on an earlier draft of this paper. Any remaining errors are, of course, my sole responsibility.