Equitable methods of abolishing PAYG personal income tax

It is argued that the replacement of pay-as-you-go personal income tax ("PAYG tax") by something more efficient (e.g. a land tax or consumption tax) would offend intergenerational equity because retirees no longer pay PAYG tax, and would offend vertical equity because higher-income earners would...

By Gavin Putland

Why research reputation trumps teaching reputation in universities

In humans we see lekking behaviour in the general rule that people like being around successful people. This is why social A-lists exist. More generally as animal behaviour, a lek is a gathering of individuals for the purposes of competitive display - competitive signalling. For universities, ...

By Sean Leaver

Partial replacement of the FairTax prebate by a wage subsidy

The proposed FairTax Act (H.R.25/S.155) would replace most U.S. federal taxes, including payroll tax and all forms of income tax, with a retail sales tax. To compensate for the rise in prices of necessities, the legislation provides for an annual "prebate" of a fixed amount per legally resident ...

By Gavin Putland

Venture reproducibility

Venture capitalists work under the concept of investing small amounts in lots of startup companies, some of which will fail, some of which will make a little money, and a few of which will make a lot of money. This is similar to [the "Miracle Machine" argument Eric Lander makes for funding ba...

By Daniel S. Katz

Axiology: is a learning intervention worth the effort?

Many medical education studies pursue a measurement approach to demonstrate the efficacy of a learning intervention. Researchers, steeped in the belief system that positions randomized controlled trials as the ultimate form of inquiry, try to apply this methodology in the confounded world of edu...

By David Topps, Rachel Ellaway