trickle-down effect
trickle-down effect A term associated with neo-classical economics, referring to the alleged tendency for economic growth in an unequal society to benefit the population as a whole, via the eventual downward percolation of wealth to the lowest strata. This thesis is usually deployed against the view that state intervention is necessary in order to eliminate poverty. See also JUSTICE, SOCIAL.
More From encyclopedia.com
Paul Anthony Samuelson , Samuelson, Paul A. 1915-
BIBLIOGRAPHY
If one could do a mental time-and-motion study of a modern economic theorist at work, a large fraction of what… Economic Growth , Economic growth is an increase in the total value of goods and services produced by a country’s economic system. The rate of economic growth, which i… Institutionalism , Institutionalism
The institutional approach to the economy had its genesis in the work of Thorstein Veblen, whose The Theory of the Leisure Class (18… Cliometrics , From a purely etymological standpoint, the term cliometrics should have a very broad meaning. After all, Clio was the muse of history in ancient Gree… Institutionalism , Institutionalism
THE TEXAS SCHOOL
OUT WITH THE OLD, IN WITH THE NEW
THE IMPACT OF INSTITUTIONALISM
BIBLIOGRAPHY
The institutional approach to the eco… Poverty , Scholarly as well as ideological debate has long centered around the most elementary questions concerning poverty. What is poverty? How can it be mea…
You Might Also Like
NEARBY TERMS
trickle-down effect