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On November 7 1990, an open letter to then President of the Soviet Union Mikhail Gorbachev was published and signed by a rank of thirty Western sources, most of whom were academics. The contents of the letter made the argument to the Soviet head of state that while moving the economy away from a centrally planned system towards a free market mixed economy was a step forward, they warned the leader against following through with the West had done following the end of feudalism; privatising the land itself, instead opting towards a Georgist system of common ownership and the collection of public revenue through land-value taxation. Nobel prize-winners Franco Modigliani, James Tobin, Robert Solow and William Vickery were among the letter's signees.
References
- ↑ "Economic Policy Institute. (February 10, 2003). Nobel Laureates, 450 Other Economists Fault Bush Tax Cut Plan Dividend Tax Cut Called "Misdirected."" (PDF). Retrieved 2007-10-31.
- ↑ Economist's Statement Opposing the Bush Tax Cuts-EPI-Retrieved 7 Jan 2010
- 1 2 "Statement's signatories". Archived from the original on 2007-06-16. Retrieved 2007-10-31.
- ↑ "Economists' statement opposing the Bush tax cuts" (PDF). Archived from the original (PDF) on 2007-09-28. Retrieved 2007-10-31.
- ↑ "Statement by economists supporting tax cuts" . Retrieved 2010-08-01.