Business: Ideas from the Innovators

Abolish the corporate income tax. Force regulators to stick to a budget. Drive up gasoline prices to $3 per gal. Replace the personal income tax with a tax on only "expenditures." The new generation of innovative economists has a bold diversity of ideas—and ideologies. Some of them still applaud Keynes, at least with one hand, but others turn thumbs down. All agree, however, that Government often compounds the economic dilemma and that the nation needs more individual incentives. A sampling:

MICHAEL BOSKIN, 33. When he was an undergraduate at Berkeley in the 1960s,...

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