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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.
Labels: financial system, income distribution
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Peter Martin AM

Peter Martin AM
For mine one of the best economic journalists in the country - Bernard Keane

The best economics correspondent - Ross Gittins

At least he is consistent, consistently wrong - Jamie Briggs

Peter is Business and Economy Editor at The Conversation and and a visiting fellow at the Crawford School of Public Policy at the Australian National University. A former economics editor of The Age and economics correspondent for ABC radio, he co-hosts The Economists on ABC RN.
Twitter: @1petermartin

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