trickle-down hypothesis

See also: trickle down hypothesis

English

Alternative forms

Etymology

Attributed to humorist Will Rogers.[1]

Noun

trickle-down hypothesis

  1. (economics, pseudoscience) 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.

Translations

See also

References

  1. ^ Jared Keller (14 June 2017), “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

This article is issued from Wiktionary. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.