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Has Trickle-Down economics ever worked?

With "trickle-down economics" on the tongue of Americans this year, I wanted to do some research. The prevailing opinion is "trickle-down economics doesn't work." I can find many resources which ...
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130 views

Has there been anyone since the philosopher Thales that has held an extremely detached view of money, and also found innovative ways to profit?

According to legend anyway (ie Aristotle's account), Thales was a business man of his time! On the motive Thales had for attaining material possession, Aristotle held that Thales was only out to prove ...
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40 views

When in the history the governments issued non-cash money first?

I understand that the Federal Reserve is issuing money in the form of deposits. Those deposits "are not cash but they are money: they can be used for payment (at which point they become somebody else'...
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59 views

Is the average age of economists getting higher than it was many years ago?

I read Hamermesh's 2012 paper, "Six Decades of Top Economics Publishing: Who and How?". He collected the data from QJE, AER and JPE. It seems that the average age of economists is now higher than it ...
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66 views

What are some great economic reforms from the Middle Ages / the Ancient History?

Is there any great economic structural reforms, which date back to the Middle Ages or to the Ancient times?
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17 views

Delaying wages in response to slack?

I'm reading a book about the economic development of South Korea during the 'miracle' period. One of the points the author makes is the following: A major source of industrial disputes was ...
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1k views

What evidence is there that Adam Smith made mistakes in criticizing Mercantilism and upholding capitalism?

This commentator writes: On March 9, 1776, "An Inquiry into the Nature and Causes of the Wealth of Nations" (commonly referred to as simply "The Wealth of Nations") was published. Smith, a Scottish ...
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60 views

What is the “natural rate of interest” vs. “money interest rate”?

What exactly is the distinction that Knut Wicksell made in his Interest & Prices between "natural rate of interest" or "natural interest" ("der natürliche Kapital zins") and the "money rate of ...
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18 views

How does the size of the largest cryptocurrency compare to the largest traditional currency?

'Money' has evolved throughout economic history, and has included moving from: barter economies (i.e. no 'Money' - simple trading of final goods/services) commodity money - money whose intrinsic ...
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21 views

Are there any books on economy of the medieval England?

I would like to learn more about how the medieval economy in the UK worked. Are there any economists that research medieval society in the UK? Are there some good books on this?
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19 views

References on foreign ownership of domestic assets

In Piketty's Capital in the 21st Century, he occasionally analyzes the ownership of domestic assets by foreign countries. On p. 192, he writes: Japan and Germany have accumulated quite significant ...