supply-side economics


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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 ?
In one fell swoop, Illinoisans can reject the use of racist demagoguery from the White House and the failed theory of supply-side economics.
Instead of waiting for supply-side economics to arrive from the sky above, we could create it ourselves.
Notwithstanding the hollow promises of supply-side economics, revenue-neutral fiscal initiatives that shifted the tax burden from one segment of the economy to another would have come much closer to real reform than the reduction of the overall revenue trajectory has.
For roughly 40 years, Republicans have embraced an overly simplified version of "supply-side economics," which posits that tax cuts spur economic growth, which in turn generates additional tax revenue.
Mundell, the first articulator of supply-side economics, recalled from his policy battles in the 1960s, the Keynesian policy he encountered "might have had some merits in a closed economy, but it was completely indefensible in an open economy." If a nation raises tax rates on the rich and takes over private investment opportunities, capital escapes to greener pastures offshore.
This is the old supply-side economics which seems to be the basis of the Trabaho bill pending in Philippine Congress.
The world was caught in the frenzy of supply-side economics. Tax rates were being slashed with the belief that high marginal rates discouraged work efforts and encouraged tax evasion.
Starting in the early 1970s, he followed closely and often wrote about major developments and events, including supply-side economics and tax cuts, the fall of the Soviet Union, the various wars that the U.S.
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.