Psychology Dictionary of ArgumentsHome
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| Fiscal policy: Fiscal policy refers to a government's use of taxing and spending to influence economic conditions. It involves adjusting government spending levels and tax rates to manage economic growth, control inflation, and stimulate demand. See also Taxation, Economy, State._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Neoclassical Economics on Fiscal Policy - Dictionary of Arguments
Mause I 235 Fiscal Policy/Neoclassical theories: many neo-classical economists (...) reject all forms of economic control through fiscal policy. The reason is that according to neoclassical theory, rational households expect tax increases in the future as government deficits rise. Def Ricardian equivalence: rational households are taking the expectation of rising taxes as an opportunity to reduce their consumption already today. NeoclassicismVsKeynesianism: See Government Debt/Keynesianism. >Taxation, >Globalization/Saez/Zucman, >Tax Avoidance, >Tax Competition, >Tax Compliance, >Tax Evasion, >Tax Havens, >Tax Incidence, >Tax Loopholes, >Tax System._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Neoclassical Economics Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments against Neoclassical Economics
> Counter arguments in relation to Fiscal Policy
