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Albert J. Lee
Taxation, Growth and Fiscal
Institutions
A Political and Economic Analysis
123
Albert J. Lee
Summit Consulting LLC
Washington District of Columbia
USA
albert.******@
ISSN 2191-5482 e-ISSN 2191-5490
ISBN 978-1-4614-1289-2 e-ISBN 978-1-4614-1290-8
DOI -1-4614-1290-8
Springer New York Dordrecht Heidelberg London
Library of Congress Control Number: 2011937577
© Albert J. Lee 2012
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In Memoriam
Anthony . Lee.
“For that which you love most in him may be
clearer in his absence,
as the mountain to the climber is clearer
from the plain”
Kahlil Gibran, Friendship (in The Prophet,
1923)
Foreword
It was Thorstein Veblen who remarked that the motivator of academic research is
“idle curiosity.” One may well conclude that recent writings in the leading economic
journals have moved increasingly in that direction. Of course, idle curiosity is no sin,
but one expects more from those who contribute to the economic literature. That is,
we can hope at least occasionally for the emergence of what Benjamin Franklin
dubbed “useful knowledge.” Although such con