Philosophy Dictionary of Arguments

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Author Item Summary Meta data
Mause I 235
Government Debt/Neoclassical Theories: NeoclassicismVsKeynesianism: Thesis: State deficits have no effect on overall economic demand, because rational budgets expect the rising debt burden to lead to 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.
Tax policy/Neoclassics: many neo-classical economists therefore reject any form of economic control through fiscal policy.


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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.
The note [Author1]Vs[Author2] or [Author]Vs[term] 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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Ed. Martin Schulz, access date 2019-08-17
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