The Rise and Fall of Supply-Side Economics
The New American Economy (New York: Palgrave Macmillan, 2009)
24 Pages Posted: 23 Sep 2016
Date Written: September 18, 2016
The successor to Keynesian economics was supply-side economics, which remains the core economic philosophy of the Republican Party. Its success wasn’t only due to the attractiveness of tax cuts by politicians; a great deal of serious economic research underpinned the supply-side program, a point seldom acknowledged by its critics. This paper is essentially an intellectual history of supply-side economics.
Keywords: Robert Mundell, George W. Bush, Ibn Khaldun, Jonathan Swift, Say's Law, Robert Lucas
JEL Classification: B22, E32, E52, E58, E59, E62, E65, N20
Suggested Citation: Suggested Citation