supply-side economics
- n 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
supply-side economics :
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- Viewpoint: Laughing at Laffer
During a White House meeting with Dick Cheney and Donald Rumsfeld in 1974, Arthur Laffer, a newly minted economics Ph.D. from Stanford University, sketched on a paper napkin a simple parabola which he believed perfectly captured the relationship between marginal tax rates and government tax receipts. Supply-side economics and the modern Republican Party were born. read more
Oct. 23, 2013 - The Michigan Daily