Investment: Lifting the Burden: Tax Reform, the Cost of Capital, and U.S. Economic Growth

Kun-Young Yun is Professor of Economics at Yonsei University, Korea.

A presentation of the cost-of-capital approach for analyzing the economic impact of tax policy.

"The most rigorous analysis available of tax reform, the cost of capital, and economic growth. A must-read for serious participants in the reform debate."--Michael J. Boskin, T. M. Friedman Professor of Economics and Hoover Institution Senior Fellow, Stanford University, and former Chairman, President's Council of Economic Advisers (1989-93) "American Economic Policy in the 1990s provides a comprehensive overview, offers important insights, and debates many lessons --good, bad, and ugly, depending on perspective--from many of the participants in policy formulation and implementation in the Clinton years. Must reading for students and would-be policy makers alike."--Michael J. Boskin, T. M. Friedman Professor of Economics and Hoover Institution Senior Fellow, Stanford University, and former Chairman, President's Council of Economic Advisers (1989-93)