|
Trickle-up Effect
Trickle-up economics (also known as bubble-up economics) is an economic policy proposition that final demand among a broad population can stimulate national income in an economy. The trickle-up effect posits that policies that directly benefit lower income individuals will boost the income of society as a whole, and thus those benefits will "trickle up" throughout the population. It is the opposite of '' trickle-down economics''. Paul Krugman referred to the principle behind the Obama administration's economic policies as ''trickle-up economics'', while John R. Talbott used the term ''bottom-up economics''. Biden's American Rescue Plan was also referred to as ''trickle up''. Accompanying labeling differed from most ''trickle down'' labels in that both Obama's and Biden's approaches were characterized as spending heavy programs, rather than tax cuts in any particular tax bracket. At the same time, some criticisms of Obama's economic policy were labeled ''trickle up''. References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trickle-down Economics
Trickle-down economics, also known as the horse-and-sparrow theory, is a pejorative term for government economic policies that disproportionately favor the upper tier of the economic spectrum (wealthy individuals and large corporations). The term has been used broadly by critics of supply-side economics to refer to taxing and spending policies by governments that, intentionally or not, result in widening income inequality; it has also been used in critical references to neoliberalism. These critics reject the notion that spending by this elite group would "trickle down" to those who are less fortunate and lead to economic growth that will eventually benefit the economy as a whole. It has been criticized by economists on the grounds that no mainstream economist or major political party advocates theories or policies using the term trickle-down economics. While criticisms have existed since at least the 19th century, the term "trickle-down economics" was popularized in the US ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Krugman
Paul Robin Krugman ( ; born February 28, 1953) is an American New Keynesian economics, New Keynesian economist who is the Distinguished Professor of Economics at the CUNY Graduate Center, Graduate Center of the City University of New York. He was a columnist for ''The New York Times'' from 2000 to 2024. In 2008, Krugman was the sole winner of the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory, new trade theory and New Economic Geography, new economic geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of Economy of scale, economies of scale and of consumer preferences for diverse goods and services. Krugman was previously a professor of economics at MIT, and, later, at Princeton University which he retired from in June 2015, holding the title of Emeritus, professor emeritus there ever since. He also holds the title o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Policy Of The Barack Obama Administration
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John R
John R. (born John Richbourg, August 20, 1910 – February 15, 1986) was an American radio disc jockey who attained fame in the 1950s and 1960s for playing rhythm and blues music on Nashville radio station WLAC. He was also a notable record producer and artist manager. Richbourg was arguably the most popular and charismatic of the four announcers at WLAC who showcased popular African-American music in nightly programs from the late 1940s to the early 1970s. (The other three were Gene Nobles, Herman Grizzard, and Bill "Hoss" Allen.) Later rock music disc jockeys, such as Alan Freed and Wolfman Jack, mimicked Richbourg's practice of using speech that simulated African-American street language of the mid-twentieth century. Richbourg's highly stylized approach to on-air presentation of both music and advertising earned him popularity, but it also created identity confusion. Because Richbourg and fellow disc jockey Allen used African-American speech patterns, many listeners thought t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joe Biden
Joseph Robinette Biden Jr. (born November 20, 1942) is an American politician who was the 46th president of the United States from 2021 to 2025. A member of the Democratic Party (United States), Democratic Party, he served as the 47th vice president of the United States, vice president from 2009 to 2017 and represented Delaware in the U.S. Senate from 1973 to 2009. Born in Scranton, Pennsylvania, Biden graduated from the University of Delaware in 1965 and the Syracuse University College of Law in 1968. He was elected to the New Castle County Council in 1970 and the 1972 United States Senate election in Delaware, U.S. Senate in 1972. US Senate career of Joe Biden, As a senator, Biden chaired the Senate United States Senate Committee on the Judiciary, Judiciary Committee and United States Senate Committee on Foreign Relations, Foreign Relations Committee. He drafted and led passage of the Violent Crime Control and Law Enforcement Act and the Violence Against Women Act. He also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Rescue Plan Act Of 2021
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. First proposed on January 14, 2021, the package builds upon many of the measures in the CARES Act from March 2020 and in the Consolidated Appropriations Act, 2021, from December. On February 8, 2021, the Financial Services and Education and Labor committees released a draft of $1.9 trillion stimulus legislation. A portion of the relief package was approved by the House Ways and Means on February 11, setting it up for a vote in the House. The legislation was also approved by the Transportation and Infrastructure, Small Business, and House Veterans Affairs committees. On February 22, the House Budget Committee voted 19–16 to a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zed Books
Zed Books is a non-fiction publishing company based in London, UK. It was founded in 1977 under the name Zed Press by Roger van Zwanenberg. Zed publishes books for an international audience of both general and academic readers, covering areas such as politics and global current affairs, economics, gender studies and sexualities, development studies and the environment. Ownership Until 2020, Zed Books was organized as a worker-owned cooperative. In March 2020, it was announced that "certain assets of Zed Books Limited" had been acquired by Bloomsbury Publishing Plc. for and that Zed would operate within Bloomsbury's Academic & Professional division as "a good strategic fit with Bloomsbury's existing publishing lists". Authors Zed's authors include Nur Masalha, Nawal El Saadawi, Eleanor Roosevelt, Assata Shakur, Yanis Varoufakis, Vandana Shiva, Maggie Nelson, Ece Temelkuran and Paul French (author), Paul French, as well as hundreds of internationally respected journalists an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
