Oxford University Press's
Academic Insights for the Thinking World

  • Law

Book thumbnail image

Against a VAT

A federal value-added tax (VAT) is today’s magic bullet for slaying the federal budget deficit. A federal VAT would be a veritable cash cow, obviating the need for painful measures like serious spending reductions and middle class income tax hikes. A VAT would be more regressive and complex than its proponents acknowledge. Like most putative panaceas, a VAT should be rejected.

Read More
Book thumbnail image

After Cipro

A tidal wave of high drug prices has recently crashed across the U.S. economy. One of the primary culprits: agreements by which brand-name drug manufacturers pay generic firms to stay off the market. This issue has been raging in the halls of Congress, the courts, and the government agencies.

Read More
Book thumbnail image

Doha Blues

Why have the Doha negotiations been so painfully slow and unsuccessful so far? A review of recent commentary and analysis seems to indicate that the difficulty has many roots, as shown by the following list of contributing factors:

Read More