Russell S Sobel

In this book, we identify key areas for Mississippi economic policy reform. Twenty-one scholars, ten of which are from or work in Mississippi, have contributed original policy research. All twenty chapters were written specifically for Mississippi with a shared goal to promote prosperity in the state. While some of the chapters contain complex policy reforms, we have made every effort to present the concepts and ideas in a way that is understandable to the average citizen, the person who can benefit the most from this information.

It's 1 AM, there are 20 tabs open on your computer, you lost your flashcards for the test, and you're so tired you can't even read. It'd be nice if someone came up with a more efficient way of studying. Luckily, someone did. With a single login for MindTap Economics for Gwartney/Stroup/Sobel/Macpherson's Macroeconomics: Private and Public Choice, 16th Edition, you can connect with your instructor, organize coursework, and have access to a range of study tools, including e-book and apps all in one place Manage your time and workload without the hassle of heavy books: the MindTap Reader keeps all your notes together, lets you print the material, and will even read text out loud. Need extra practice? Find pre-populated flashcards with the MindTap Mobile App, as well as quizzes and important course alerts. Want to know where you stand? Use the Progress app to track your performance in relation to other students. Need help with graphing? Our GraphBuilder tool allows you to break down exhibits from the text step by step and also provides you the ability to create and draw your own graphs. Interested in a student directed pre-test study tool? Adaptive Test Prep gives you the ability to create practice tests that match the style and form you can expect on your upcoming exam.

During recessions state government fiscal crises are widespread, as states find their revenues inadequate to meet their expenditure demands. This volume shows that state fiscal crises have only one significant cause: revenue downturns associated with recessions. Other analysts have argued that fiscal crises are the result of an interaction of many complex causes, including inadequate tax bases, increasing expenditure demands, and limits placed on state governments by voters. This analysis examines these other factors and shows that while they present significant challenges to state policymakers, they are not the cause of fiscal crises.The book presents an improved methodology for measuring cyclical variability of revenues and uses this methodology to show that there is no way to restructure state tax systems in order to appreciably reduce the fiscal stress associated with recessions. Fiscal stress can be lessened by setting aside revenues during prosperous years in a rainy day fund, but current rainy day funds are not large enough to eliminate the fiscal stress caused by recessions.