Study Guide to Man, Economy, and State with Power and Market

172 Study Guide to Man, Economy, and State with Power and Market
changed (pp. 927–31). Rothbard instead claims
that a tax can be shifted backward in the form of
lower factor payments (p. 932). But couldn’t
someone argue that none of the determinants of
wages, rents, etc. has changed? After all, if businesses
can simply pass a tax backward, then why
didn’t they cut their employees’ wages before the
tax?
10. Summarize Rothbard’s critique of Galbraith (pp.
973–88).