Henry Calvert Simons
Henry Calvert Simons (born October 9, 1899 in Virden , Illinois , † June 19, 1946 ) was an economist at the University of Chicago , whose models of competition law and monetarism influenced the Chicago School .
Simons is also known for his determination of economic income , which he developed together with Robert M. Haig , the so-called Haig-Simons formula . This had a lasting influence on the structure of modern state taxes in the USA .
In its publication "A positive program of laissez-faire " ( A Positive Program for Laissez Faire ) Simons put a political program in motion in 1934, which contributed, of private business after the global economic crisis to give new impulses.
“Eliminate all forms of monopoly market power, including breaking oligopolistic company structures, and apply the anti-cartel rules to unions too. A federal law could limit the size of companies, and where for technical reasons huge undertakings are required to keep production costs low, the federal government should own and operate them ... Support the stability of the economy by reforming the monetary system and establishing permanent rules monetary policy ... Reform the tax system and promote fairness and prosperity through the income tax system ... Eliminate all fees and duties ... Limit waste and the production of garbage by restricting advertising and other wasteful sales practices. "
Henry Simons advocated changes in the financial architecture of the United States that would allow for more effective monetary policy and mitigate the regular fluctuations between inflationary and deflationary periods. His aim was to avoid the particular extremes in industrial business cycles .
Literature and Sources
- Sherryl Kasper: The Revival of Laissez-Faire in American Macroeconomic Theory: A Case Study of Its Pioneers. 2002, chapter 3.
- Michael Oakeshott : The Political Economy of Freedom. In: Cambridge Journal. Volume II, 1949 or in: Michael Oakeshott: Rationalism in Politics and Other Essays. Liberty Fund, 1991 (New and expanded edition), pp. 384-406.
- Herbert Stein: Simons, Henry Calvert. In: The New Palgrave: A Dictionary of Economics. Volume 4, 1987, pp. 332-335.
- Henry C. Simons: Economic Policy for a Free Society. University of Chicago Press, Chicago, IL. 1948, pp. 165-248.
- John Mauldin: Thoughts on the Continuing Crisis. In: Frontline Weekly Newsletter. March 21, 2008.
| personal data | |
|---|---|
| SURNAME | Simons, Henry Calvert |
| BRIEF DESCRIPTION | American economist and university professor |
| DATE OF BIRTH | October 9, 1899 |
| PLACE OF BIRTH | Virden , Illinois |
| DATE OF DEATH | June 19, 1946 |