supply-side economics


Also found in: Thesaurus, Financial, Encyclopedia, Wikipedia.

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

supply-side economics

Economic policies based on the idea that a national economy will benefit through a government making more money available for investment, especially through reducing tax levels.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
References in periodicals archive ?
Mass customisation originated in an era when supply-side economics ruled: consumers benefited from a greater supply of goods and services at lower prices.
Recent Democratic administrations provide the counterpoint to "voodoo" supply-side economics.
Since he is the author of "Reaganomics: Supply-side Economics in Action" (1982), I find his analysis of the current tax proposals authoritative.
com/oep/article-abstract/42/2/293/2361314) supply-side economics , whereby tax cuts to top earners are said to result in more business investment.
During the 1980s, the economics establishment was too busy ridiculing supply-side economics as "voodoo economics," "trickle-down economics," "tax cuts for the rich," and for allegedly claiming that tax cuts pay for themselves, to notice what I pointed out at the time: the dreaded Phillips Curve with its worsening trade-offs had disappeared.
He was there for its famous campaign for supply-side economics.
Back in 1980 George HW Bush famously described supply-side economics " the claim that cutting taxes on rich people will conjure up an economic miracle, so much so that revenues will actually rise " as"voodoo economic policy.
Conservative think tanks nurtured supply-side economics, neoconservative foreign policy, and the entire agenda of the Reagan administration, which took the form of a twenty-volume tome produced by Heritage in 1980 called Mandate for Leadership.
Rubio and Cruz have struggled to match the popularity of Trump, who is more ready than the two senators to deviate from the tenets of the Republican Party's brand of conservatism, including free trade and supply-side economics.
One of the most famous napkin doodles that made a global impact was economist Arthur Laffer's drawing of his theory of tax policy, kick-starting the rise of supply-side economics.
He also understands economics, and the role of trickle-down supply-side economics in increasing inequality in the world.
Supply-side economics, meaning cutting taxes for businesses and individuals, tax cuts for investment, incentivizing wealth and job creation and capital formation, are all proven to work, through the history of our country.