A critique to Trickle-down economics

Joseph Stiglitz
Intelligence Squared, 2015
Niveau: débutant
Perspectives: Économie autrichienne, Économie néoclassique, Économie post-keynésienne
Sujet: Macroéconomie, Réflexion sur l'économie
Format: Lecture / Presentation
Durée: 00:02:40
Lien: 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
Richard Thaler gives a lecture in the 2018 Nora and Edward Ryerson Lecture at the University of Chicago. In the lecture he discusses his Nobel Prize winning research. 2018 Level: débutant Richard Thaler on Behavioral Economics: Past, Present, and Future Richard H. Thaler The University of Chicago This panel is about discussing the international development discipline from a critical perspective, exploring how the current practice entangles with Eurocentric/neo-colonial thoughts and how can we move beyond them. 2018 Level: avancé Decolonise Development: Thoughts and Theories Dr Sian Lazar, Professor Cheryl McEwan, Dr. Hazel Gray Cambridge Society For Economic Pluralism In recent years issues surrounding tax evasion and avoidance have gotten more attention in public debates and policy making around the world. It poses key questions about how we want to (re)organise our economies, what the rules of the game are, and who benefits from them. Any good economist today should have a basic understanding of this issue as it has implications for public finance and inequality, but market competition and macroeconomic statistics. 2022 Level: débutant An introduction into (not) taxing wealth and profits – Economy Studies   Economy Studies So, what does racism have to do with our 21st century economic system? How can we understand institutions who uphold racism while claiming to value diversity and inclusion? And what does it mean to truly be anti-racist? 2023 Level: débutant New Economics Podcast: Why antiracism means anticapitalism Ayeisha Thomas-Smith, Arun Kundnani New Economics Foundation This article is the first of a series that offers a new paradigm for economics, the “multilevel paradigm,” using generalized Darwinism as its theoretical framework. Generalized Darwinism refers to all processes that combine the ingredients of variation, selection, and replication – not just genetic evolution – making it relevant to the cultural evolution of economic systems that are embedded in political, social, and environmental systems. 2024 Level: avancé Rethinking the Theoretical Foundation of Economics I: The Multilevel Paradigm David Sloan Wilson and Dennis J. Snower De Gruyter Open Access / Zeitschrift Economics, Band 18, Heft 1 The total sum of squares and the total degrees of freedoms are disaggregated by calculating in sample variance and "between" sample variance and their respective degrees of freedoms. It is demonstrated numerically that both these measures add up to the total sum of squares and the total degrees of freedom. 2012 Level: débutant ANOVA 2: Calculating SSW and SSB (total sum of squares within and between)   Khan Academy

Nous soutenir

Ce projet est le fruit du travail des membres du réseau international pour le pluralisme en économie, dans la sphère germanophone (Netzwerk Plurale Ökonomik e.V.) et dans la sphère francophone (Rethinking Economics Switzerland / Rethinking Economics Belgium / PEPS-Économie France). Nous sommes fortement attachés à notre indépendance et à notre diversité et vos dons permettent de le rester ! 

Donner