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Pragmatism to Dogmatism: The Laissez Faire Myth and the Disabling of the American Fisc

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  • Richard V. Adkisson
  • Mikidadu Mohammed

Abstract

The authors argue that the recent upsurge in anti-tax sentiment has its roots evolving social conditions and adherence to the laissez faire myth. Content analysis reveals that political anti-tax rhetoric increased in the late 1970s and early 1980s, a time of social distress in the US. This increased political attention provided a rhetorical punctuation whereby a substantial portion of Americans moved toward a much more dogmatic adherence to the laissez faire myth. The result has been to convert the laissez faire myth into a disabling myth that severely limits open discussion of fiscal issues and reduces the options in public finance decisions.

Suggested Citation

  • Richard V. Adkisson & Mikidadu Mohammed, 2012. "Pragmatism to Dogmatism: The Laissez Faire Myth and the Disabling of the American Fisc," Review of Social Economy, Taylor & Francis Journals, vol. 70(4), pages 421-450, December.
    • Handle: RePEc:taf:rsocec:v:70:y:2012:i:4:p:421-450
    DOI: 10.1080/00346764.2012.690606
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    References listed on IDEAS

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    1. Douglass C. North, 2005. "Introduction to Understanding the Process of Economic Change," Introductory Chapters, in: Understanding the Process of Economic Change, Princeton University Press.
    2. Joel Slemrod & Jon Bakija, 2008. "Taxing Ourselves, 4th Edition: A Citizen's Guide to the Debate over Taxes," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262693631, December.
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    Cited by:

    1. Đurović-Todorović Jadranka & Milenković Ivan & Kalaš Branimir, 2019. "The Relationship Between Direct Taxes and Economic Growth in Oecd Countries," Economic Themes, Sciendo, vol. 57(3), pages 273-286, September.

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