Welfare-Centric Theorists

444 Words2 Pages
Moon and Dixon begin their essay through describing Growth-centric and Welfare centric theorists. Moon and Dixon assert that Growth-centric theorists are liberal and delineate the inefficiency of the Welfare-centric theorists and discard the observance of distortion. In contrast, Moon and Dixon exemplify that the Welfare-centric theorist is transversal to the definition of the Growth-centric theorists: they delineate distortion, but discard observance to inefficiency. The article then projects that Growth-centric theorists will profess multiple dictums. For starters, the article emanates that Growth-centric theorists delineate dead weight money losses in the Welfare-centric policy, a retracted savings rate of the poor (less investment), trickle-down…show more content…
The article exemplifies that the empirical data for real GDP and GNI per capita in welfare-centric events diverged from future economic growth. Moon and Dixon professed that the trickle-down branch of the growth-centric theorists was fractured. Essentially, Moon and Dixon delineated that the trickle-down effect was muddled over sample periods of twenty-five years and that the valley between income and benefits to the poor in the society transposed with the growth-centric theory referenced the fracture of the trickle-down effect. The conclusion of the essay did assert clouded judgement referencing the statistic for welfare-centric growth and the tenure of the income-to-poverty benefits difference in the growth-centric culture. However, my perspective from the article delineates that Moon and Dixon seem to matriculate toward a welfare-centric theory. They emanate that the four assertions of growth-centric theorists are either met by the welfare-centric theory with equal or positive thresholds and that trickle-down economics were not pervasive in a twenty-five year sample period. The statistics from Moon and Dixon adamantly asserted that welfare-centric theories do not muddle future economic growth and that growth-centric theories fabricate benefits to the poor, but at too large an interval from income. I believe that Moon and Dixon’s article manifests a causally unambiguous relationship between rapid (capitalist) economic growth and
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