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Neoliberalism
Descripción
1000 (Neoliberalism) Intro to Public Affairs and Policy Management Mapa Mental sobre Neoliberalism, creado por Megan Clermont el 09/04/2016.
Sin etiquetas
intro to public affairs and policy management
neoliberalism
1000
Mapa Mental por
Megan Clermont
, actualizado hace más de 1 año
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Creado por
Megan Clermont
hace más de 8 años
192
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Resumen del Recurso
Neoliberalism
Milton Friedman
monetarism
long run trade off between inflation and unemployment
inflation redistributes wealth, modifies value of lent or borrowed money, market less responsive
increasing money supply will not help unemployment
spending increases
prices increase
inflation eats up expansion
more jobs
lower real wages
monetary growth should be static
monetary policy may overact as expectations lag behind
spending based on permanent income
George Stigler
regulatory capture
tie between government and corporations
can't effectively regulate
may implement policies beneficial to corporations
better to have no regulation
Arthur Laffer
too high of tax rates distorts incentives to work, takes large amount of wage
too low of taxes, government doesn't have enough revenue
point of optimal taxation, the Laffer curve
Supply Side Economics
cut taxes of rich
rich will invest
jobs will be created
nation will increase competitiveness
research and development will increase productivity
marginal value of each worker will increase
wages will increase
tax revenue will rise
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