Guide Post to Economic Thinking
Not what you're looking for?
How is economic thinking on government spending and taxation applied within the United States?
Discuss some of the economic paradigms that influence policy decisions.
What is the utility of taxation beyond a source of state and federal revenue.
Purchase this Solution
Solution Summary
This solution looks at the nexus of policy and economics, and especially different economic schools of thought as applied to spending and taxation. We look particularly at the application of these schools in the United States.
Solution Preview
Thank you for using BrainMass.com. I hope that this solution helps you with your assignment.
This is an interesting question, because there usually isn't much economic thinking that goes on in the US applied to government spending and taxation. In brief, the approach to taxation has been both on a supply-side approach (Laffer curve) and a Keynesian approach, with differing effect. The supply-side approach to taxation has been in vogue since the 1980s, and generally uses taxation as a means to stimulate production - basically, ...
Purchase this Solution
Free BrainMass Quizzes
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.