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Conclusion - Between "Law In Books" And "Law In Action", Nicholas C. Howson, H. Huang
Conclusion - Between "Law In Books" And "Law In Action", Nicholas C. Howson, H. Huang
Book Chapters
Any attempt to comprehensively analyse the enforcement of corporate law and securities regulation is difficult, not only because there are so many distinct national systems in play, but also because, we need to examine both formal enforcement mechanisms and the way in which such mechanisms are applied in practice. If nothing else, the expert analyses presented in the foregoing chapters of this book confirm that with respect to enforcement issues a rather large gap does exist between what Roscoe Pound memorably called 'law in books' and 'law in action'.
Comment On 'Fundamental Tax Reform: A Comparison Of Three Options', James R. Hines Jr.
Comment On 'Fundamental Tax Reform: A Comparison Of Three Options', James R. Hines Jr.
Book Chapters
Alan Viard’s chapter, “Fundamental Tax Reform: A Comparison of Three Options” is a thoughtful, even-handed, and most worthwhile contribution to the analysis of major reforms that, if adopted, would move the tax system strongly in the direction of taxing consumption. The chapter nicely illustrates the complexity of the tax reform problem by exposing a range of available reform options, with an accompanying range of welfare implications. Even among tax reforms with common objectives, there can be strongly differing economic and distributional consequences. Furthermore, otherwise-similar reforms can and do appeal to very different political constituencies....