"Moreover, the reasons for proposing such tax cuts are often verbally transformed from those of the advocates-- namely, changing economic behavior in ways that generate more output, income and resulting higher tax revenues-- to a very different theory attributed to the advocates by the opponents, namely "the trickle-down theory." No such theory has been found in even the most voluminous and learned histories of economic theories, including J.A. Schumpeter's monumental 1,260-page History of Economic Analysis. Yet this non-existent theory[*] has become the object of denunciations from the pages of the New York Times and the Washington Post to the political arena. It has been attacked by Professor Paul Krugman of Princeton and Professor Peter Corning of Stanford, among others, and similar attacks have been repeated as far away as India.[2] It is a classic example of arguing against a caricature instead of confronting the argument actually made. While"