Sunday, February 01, 2009

"Trickle Down" - John Quiggin's latest refuted doctrine


Here it is.

The earlier ones have been:

Refuted economic doctrines #1: The efficient markets hypothesis

Refuted economic doctrines #2: The case for privatisation

Refuted economic doctrines #3: The Great Moderation

Refuted economic doctrines #4: Individual retirement accounts

I hope there are more.

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