Although a nautical metaphor, it is much beloved by economists of a certain persuasion to argue that an overall lift in economic prosperity benefits everyone. John F. Kennedy used it often to justify various policy proposals. Kennedy was a president with many fine qualities, but expertise in economics was not one of them.
|Title of host publication||Economic ideas you should forget|
|Editors||Bruno S. Frey, David Iselin|
|Place of Publication||Cham, Switzerland|
|Publisher||Springer, Springer Nature|
|Number of pages||2|
|Publication status||Published - 2017|