trickle-down hypothesis
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See also: trickle down hypothesis
English
[edit]Alternative forms
[edit]Etymology
[edit]Attributed to humorist Will Rogers.[1]
Noun
[edit]- (economics) The idea that policies benefiting the wealthy shall ultimately benefit everybody else.
- 2013, Santosh Mehrotra, Enrique Delamonica, Eliminating Human Poverty […] , Zed Books Ltd., →ISBN:
- The trickle-down hypothesis assumes society is composed of homogenous people with equal chances of participating in the market and finding jobs.
See also
[edit]References
[edit]- ^ Jared Keller (2017 June 14) “The IMF Confirms That ‘Trickle-Down’ Economics Is, Indeed, a Joke”, in Pacific Standard[1]: “Few people know, however, that the phrase was actually coined by American humorist Will Rogers, who mocked President Herbert Hoover’s Depression-era recovery efforts, saying that “money was all appropriated for the top in the hopes it would trickle down to the needy.””
Further reading
[edit]
trickle-down economics on Wikipedia.Wikipedia
