The Tobin tax and Newcomb's paradox
Abstract
Purpose
The purpose of this paper is to examine proposals for a Tobin tax to curb currency speculation in global markets.
Design/methodology/approach
Financial markets are viewed from the perspective of Michel Serres.
Findings
Managing volatility is really about managing relationships that can buffer governments against risk. The resolution of a paradox is embracing the paradox.
Originality/value
The work of Michel Serres has not previously been used in analyses of global currency markets. His theory of parasitical relationships offers a novel response to proposals for a Tobin tax.
Keywords
Citation
Besson, D., Downs, A., Durant, R. and Roman, M. (2006), "The Tobin tax and Newcomb's paradox", Journal of Organizational Change Management, Vol. 19 No. 4, pp. 529-540. https://doi.org/10.1108/09534810610676716
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:Emerald Group Publishing Limited
Copyright © 2006, Emerald Group Publishing Limited