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

Abstract

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

Bartlett, Bruce, The Rise and Fall of Supply-Side Economics (September 18, 2016). The New American Economy (New York: Palgrave Macmillan, 2009), Available at SSRN: https://ssrn.com/abstract=2840495 or http://dx.doi.org/10.2139/ssrn.2840495

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