Supply-side economics

Supply-side economics is a school of macroeconomic thought which emphasizes the importance of tax cuts and business incentives in encouraging economic growth, in the belief that businesses and individuals will use their tax savings to create new businesses and expand old businesses, which in turn will increase productivity, employment, and general well-being. While all macroeconomics involves both supply and demand, supply-side economics emphasizes the importance of encouraging increases in supply. It was popularised in the 1970s by the ideas of Robert Mundell, Arthur Laffer, and Jude Wanniski. The term was coined by Wanniski in 1975.

External links

• American Economic Policy from 1920's to 1990's - From "Everyone is a Keynesian" to "Everyone is a Supply Sider"
• Supply Side Proponents:
• http://www.robertmundell.net/NobelLecture/nobel5.asp Mundell's Nobel Prize Lecture claiming that Supply Side Economics was responsible for growth, price stability and the collapse of the Soviet Union.
• http://www.wanniski.com/ssu.asp
• http://www.wanniski.com/showarticle.asp?articleid=2803
• http://www.washtimes.com/commentary/20031108-111533-9600r.htm
• http://www.polyconomics.com/searchbase/12-15-00.html
• http://www.ashbrook.org/events/lecture/2002/reynolds.html
• Karl Marx as a supply side economist.
• Another version of this article
• Supply Side Critiques:
• The Gospel of Supply Side Jesus
• http://www.csubak.edu/ssric/Modules/MACR/MACRMod/macrch4.htm
• http://www.gold-eagle.com/gold_digest_02/shostak062802.html
• http://www.huppi.com/kangaroo/1THE_REAGAN_YEARs.htm#reaganpage
• Supply-side Economics Explained for k5ers
• Books on Supply Side Economics:
• "The Way the World Works" - Wanniski 1978
• Demand Side Lead Growth
• The Truth About Supply Side Economics Michael K. Evans
• Peddling Prosperity Paul Krugman
• Wealth and Poverty - George Gilder