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proposed initially proposed by John Maynard Keyes and aimed at containing financial instability arising from speculative financial transac- tions (Keynes, 1936). In the same spirit James Tobin proposed in 1974 the introduction of an internation- al currency transactions tax also aimed at taming globa
and macroeconomic policy in Africa. In I. Ajayi and L. Ndikumana (Eds.), Capital Flight from Africa: Causes, Erects and Polity Issues. Oxford, UK: Oxford Univer- sity Press (forthcoming). Genser, B. (2003). Coordinating VATs Between EU Member States. International Tax and Public Finance, 10 (6), 735-752. doi: 10.1023/
the players know that it is the Old Maid which is circulating, or that when the music stops some of the players will find themselves unseated." 3M Keynes [Keynes 1936] The following is a brief review of current research and emerging ideas within the field of liquidity. This section is something of a
the Nature and Significance of Economic Science. London: Macmillan. Ruhla C, 1992. The physics of chance: From Blaise Pascal to Niels Bohr. Oxford: Oxford University Press. Schrificlinger E, 1944. What is Life? Cambridge Univ. Press, Cambridge, 1944. Shiller R, 2010. Robert Shilller Online Data, http://www.econ.yale.e
ods is largely automated, as are many services. What’s left for humans to do? In 1930—long before the advent of computers, let alone AI—John Maynard Keynes wrote, in an essay called “Economic Possibilities for our Grandchildren,” that as a result of improvements in productivity, society could produce all
ng precisely the tiny, residual “statistical differences among individuals.” 32 Matthew Amold, Culture and Anarchy, Jane Garnett, ed. (Oxford, U.K.: Oxford University Press, 2006). 112 HOUSE_OVERSIGHT_016915 To be sure, some recent achievements in artificial intelligence have been remarkably impressive. Computers can
ods is largely automated, as are many services. What’s left for humans to do? In 1930—long before the advent of computers, let alone AI—John Maynard Keynes wrote, in an essay called “Economic Possibilities for our Grandchildren,” that as a result of improvements in productivity, society could produce all
ng precisely the tiny, residual “statistical differences among individuals.” 32 Matthew Amold, Culture and Anarchy, Jane Garnett, ed. (Oxford, U.K.: Oxford University Press, 2006). 112 HOUSE_OVERSIGHT_016332 To be sure, some recent achievements in artificial intelligence have been remarkably impressive. Computers can
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