A critique to Trickle-down economics

Joseph Stiglitz
Intelligence Squared, 2015
Level: leicht
Perspektiven: Österreichische Schule, Neoklassik, Postkeynesianismus
Thema: Makroökonomik, Reflexion der Ökonomik
Format: Vortrag / Vorlesung
Dauer: 00:02:40
Link: https://www.youtube.com/watch?v=Auuk2oXK8tE

Trickle-down economics - a theory directly associated with "Reaganomics", but still relevant today. The idea consists of deregulation of the economy and of lower tax for the top in order to increase the "size of the pie" so everybody would have a bigger piece, even with a smaller share.

In this small video, Joseph Stiglitz gives an overview of "trickle-down economics" and why it has failed its own promises of raising people's living standard.

Comment from our editors:

This is the short version of a longer video (see here). It consists of good arguments by a distinguished professor. It is relevant for Exploring Economics since it is about a current discussion.

Go to: A critique to Trickle-down economics

This material has been suggested and edited by:

Christopher Dathe
Tags: history of economic thought | introductory courses | mainstream critique | neoclassical economics | neoliberalism | post-Keynesian | Reaganomics
“Where’s My Swap Line?”: A Money View of International Lender of Last Resort
2021
Level: schwer
“Where’s My Swap Line?”: A Money View of International Lender of Last Resort
The Federal Reserve is the world's central bank - inadvertently. Explore the reasons behind as well as the different layers of money in international finance in this article by Perry Mehrling.
Perry Mehrling
Boston University Global Development Policy Center
Modern Money and the War Treasury
2019
Level: mittel
Modern Money and the War Treasury
Are there any limits to government spending? In times of war, particularly? And what about the aftermath of such special times when treasuries seemingly feel unshackled from any rules? And are those times really any special? That is what this paper is about.
Sam Levey
Global Institute for Sustainable Prosperity
Understanding the transformation of Economics through the history of JEL codes
2017
Level: leicht
Understanding the transformation of Economics through the history of JEL codes
In this lecture, Beatrice Cherrier explains why it is worth to research the history of JEL codes. The changing relationship between theory and application and the rise and death of new economic topics in the XXth century through the successive revisions of the classification system economists use to publish, recruit and navigate their discipline.
Beatrice Cherrier
Lecture series at the Ruhr-University Bochum
The Governance of Markets in Challenging Times: From Classic Authors to New Approaches
2019
Level: leicht
The Governance of Markets in Challenging Times: From Classic Authors to New Approaches
This course provides future change makers in public and private sectors with a comprehensive overview on the structures and actors that shape markets.
Lukas Graf
Hertie School of Governance
In der Wirtschaft mit Arne Heise … und die plurale Ökonomik.
2020
Level: mittel
In der Wirtschaft mit Arne Heise … und die plurale Ökonomik.
Julia und Martin haben sich mit Arne Heise, Professor für Finanzwissenschaft und Public Governance an der Universität Hamburg, unterhalten.
Julia Cremer, Felix Roll, Martin Middelanis
Podcast
The Political Economy of Inequalities
2021
Level: leicht
The Political Economy of Inequalities
Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.
Jürgen Essletzbichler, Andrea Grisold, Hendrik Theine
Exploring Economics

Spenden

Um sich weiterhin für Pluralismus und Vielfalt in der Ökonomik einzusetzen, benötigt das Netzwerk Plurale Ökonomik e.V. Unterstützung von Leuten wie dir. Deshalb freuen wir uns sehr über eine einmalige oder dauerhafte Spende.

Spenden