economic philosophy

Economics is considered a social science, and although some other scientists from more “rigorous” fields don’t always welcome it into their little club, it still follows the same processes to explore the world around us.   And, as with science, or anything that is extremely complex for that matter, there are disagreements between practitioners at all levels of academia and throughout the entire history of the subject.

The concept of trickle-down economics is tied to Ronald Reagan, but the idea's been around and in use since the 20s. It's simple: Give more money to the wealthy and they can use it to rev up an economy. But is the whole thing just a scam?

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