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supply-side economics
(redirected from Supply-side theory)

   Also found in: Financial, Encyclopedia, Wikipedia 0.03 sec.
supply-side economics
n
(Economics) (functioning as singular) a school of economic thought that emphasizes the importance to a strong economy of policies that remove impediments to supply
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.supply-side economics - the school of economic theory that stresses the costs of production as a means of stimulating the economy; advocates policies that raise capital and labor output by increasing the incentive to produce
economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management


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And though supply-side theory emphasized that tax cuts had to be permanent to have an economically beneficial impact on individual's incentives, Bush, out of political necessity, agreed to make those cuts temporary.
But they were coupled with a dramatic increase in federal spending on both guns and butter, without any need to whip stagflation or win an arms race with the Soviet Union, pressing supply-side theory into the service of borrow-and-spend economics.
The supply-side theory is consistent with the fluid and diverse American religious life that the Pew survey found.
 
 
 
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