a macroeconomic theory that deals with the aggregate supplu curve instead of the aggregate demand curve. It is a patch to original Keynesian economics which were not concerned with aggregate supply.
by MizNiz October 2, 2006
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Economics
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n. 1. One who attacks and seeks to overthrow economies.
2. One who destroys faith and trust in sacred economic principles.
(With apologies to the American Heritage Dictionary)
2. One who destroys faith and trust in sacred economic principles.
(With apologies to the American Heritage Dictionary)
Those who demanded the removal of safeguards provided by common sense, accounting principles, fiduciary obligations and minimal regulation were in fact, econoclasts.
Who needs thieves and extortionists when you have econoclasts?
He was accused of being an econclast, but he was in fact an econopath, i.e. he couldn't help himself.
Who needs thieves and extortionists when you have econoclasts?
He was accused of being an econclast, but he was in fact an econopath, i.e. he couldn't help himself.
by astronav November 23, 2009
Get the econoclast mug.by ballistic8 September 29, 2010
Get the econo-buzz mug.This term has two definitions:
It can be use to describe a larger sized partner you pick up the night previously.
or
Something that our politicians are so adept at doing.
It can be use to describe a larger sized partner you pick up the night previously.
or
Something that our politicians are so adept at doing.
by thelonestranger August 14, 2011
Get the Economy fuck mug.Homicide, Suicide, Genocide, Pesticide...etc. Any act of killing directly influence by the state of the economy.
Joe: "We're in a recession, right?"
Nick: "Yea, why?"
Joe: "We'll then, I'm bustin an econocide."
Nick: "NOOOOOOOOOOOOOOOOOOOOOOOOOO!"
Nick: "Yea, why?"
Joe: "We'll then, I'm bustin an econocide."
Nick: "NOOOOOOOOOOOOOOOOOOOOOOOOOO!"
by Konmong February 6, 2009
Get the Econocide mug.A government ecomomic plan in which taxes are lowered on the wealthy so that they have incentives to do things with the extra money they would have would lead it to 'trickle down' to the middle and lower classes.
For example, the wealthy might use the extra money to expand their businesses or buy more shares in the stock market, thus expanding the economy and providing more jobs for those in the middle and lower classes.
The wealthy might also spend the extra money on more goods and services, thus providing the middle and lower classes with more work.
Probably the most significant stream of money trickling down is from the extra money that the wealthy put in banks. Because there is more money in banks, there is more money for the middle and lower classes to borrow for buying houses and starting and expanding businesses.
Many liberals like to attack trickle down economics as an unfair benefit to the wealthy. Their mistake is that they ignore the idea of the "invisible hand" that is implicitly behind the idea for such an economic policy. Trickle down economics is good because it inevitably leads to more jobs and money for the middle and lower classes and to an expanding economy.
For example, the wealthy might use the extra money to expand their businesses or buy more shares in the stock market, thus expanding the economy and providing more jobs for those in the middle and lower classes.
The wealthy might also spend the extra money on more goods and services, thus providing the middle and lower classes with more work.
Probably the most significant stream of money trickling down is from the extra money that the wealthy put in banks. Because there is more money in banks, there is more money for the middle and lower classes to borrow for buying houses and starting and expanding businesses.
Many liberals like to attack trickle down economics as an unfair benefit to the wealthy. Their mistake is that they ignore the idea of the "invisible hand" that is implicitly behind the idea for such an economic policy. Trickle down economics is good because it inevitably leads to more jobs and money for the middle and lower classes and to an expanding economy.
Liberals should actually take a class in macroeconomics before they start complaining about trickle down economics.
by rustyshackleford January 4, 2008
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