Henry Calvert Simons

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Henry Calvert Simons was an American economist of the early 20th century. Based at the University of Chicago his laissez-faire and monetarist models influenced the Chicago School.

Simons is noted for a definition of economic income, developed in common with Robert M. Haig, known as the Haig-Simons equation; this definition of income has strongly influenced the modern American tax structure.

[edit] References

  • Friedman, Milton. "The Monetary Theory and Policy of Henry Simons," Journal of Law and Economics Vol. 10 (Oct., 1967), pp. 1-13 JSTOR
  • Kasper, Sherryl. The Revival of Laissez-Faire in American Macroeconomic Theory: A Case Study of Its Pioneers (2002), ch 3
  • Oakeshott, Michael. The Political Economy of Freedom, in: Cambridge Journal, Volume II, 1949; now in: Michael Oakeshott, Rationalism in Politics and Other Essays (1962), Indianapolis, Liberty Fund, 1991 (New and expanded edition), pp. 384-406.
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