Fiscalism

Quick meaning: Fiscalism is a noun meaning The idea that taxation should form a central part of a government's economic policy.

Meaning

The idea that taxation should form a central part of a government's economic policy.

More Meanings

1. (by extension) Excessive, oppressive taxation.
2. (economics) The belief that fiscal policy should function as the primary macroeconomic stabiliser (e.g. for controlling inflation), often associated with the IS–LM model.

Example Sentences

Fiscalism is a necessary consequence of the historical development of the system of taxation.

Fiscalism was a first attempt at rationalizing a system of tax levying that would display more efficiency than it used to.

With a relatively inelastic IS curve and a relatively elastic LM curve Keynesianism became synonymous with 'fiscalism' and policies to fine tune the macroeconomy.

Among the institutions established according to fiscalism during the eighteenth century, we need to mention the life-term tax farming system (malikane sistemi), which had an impact on the entire economy, including industry.

Related Words

Related dictionary entries include fiscalist, single-taxism, austerianism, conservative, inflationism, free-marketism.

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