Sage Journals: Discover world-class research

Abstract

Energy and system grounds of economy and its taxation subsystem based on operational identity (isomorphism) between economy and electric power amplifier are considered. Consistent economy treating as an added value amplifier allows coupling monetary and energy units in the form of value-energy correlation characterizing economic efficiency and growth. For well-developed economy, this correlation is approximated by electric energy price. System stability requirements lead to the concept of dynamic added value taxation (DAVT) performing powerful economy regulating functions. In particular, DAVT can serve as an effective mean for stabilizing energy-carriers prices. To define more precisely value-energy isomorphism, system interrelationship between added value and Gibbs free energy is discussed.

JEL codes: E63, H21, O11, 023, Q43

Keywords

added value economic efficiency economy regulation energy prices tax reform

Get full access to this article

View all access options for this article.

References

Bartenev

V.N.

(2006). To effective economy regulation – through new VAT scheme, Proceedings of the II-d All-Russia Symposium on Economic Theory, Ural Branch of Russian Academy of Sciences, Ekaterinburg, June, II, 259–261.

Palumbo

Pennisi

(2002). Feedback amplifiers: theory and design, Kluwer Academic, Boston/Dordrecht/London.

Case

Fair

(1999). Principles of Economics (5th ed.), Prentice-Hall.

Samuelson

(1947). Foundations of Economic Analysis, Harvard University Press, (Enlarged ed. 1983).

Boortz

Linder

(2006). The Fair Tax Book, Regan Books.

Smith

(1776). An Inquiry into the Nature and Causes of the Wealth of Nations.

Sixth VAT Directive (1977). Directive 77/388/EC, Europenian Union Directives.

Bartenev

V.N.

(2008). Regulation of energy-carriers prices and economic competitiveness at different climate, Proceedings of the III-d All-Russia Symposium on Economic Theory, Ural Branch of Russian Academy of Sciences, Ekaterinburg, June, II, 174–176.

Chen

(2005). The Physical Foundation of Economics: An Analitical Thermodynamic Theory, World Scientific Press.

Value-Energy Interrelationship and Dynamic Added Value Taxation

Abstract

Keywords

Get full access to this article

References