supply-side economics

supply-side economics
Theory that focuses on influencing the supply of labour and goods, using tax cuts and benefit cuts as incentives to work and produce goods.

It was expounded by the U.S. economist Arthur Laffer (b. 1940) and implemented by Pres. Ronald Reagan in the 1980s. Supporters point to the economic growth of the 1980s as proof of its efficacy; detractors point to the massive federal deficits and speculation that accompanied that growth.

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Universalium. 2010.

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  • Supply-side economics — is an arguably heterodox school of macroeconomic thought that argues that economic growth can be most effectively created using incentives for people to produce (supply) goods and services, such as adjusting income tax and capital gains tax rates …   Wikipedia

  • supply-side economics — A theory of economics that reductions in tax rates will stimulate investment and in turn will benefit the entire society. Bloomberg Financial Dictionary * * * supply side economics supply side economics ➔ economics * * *    A theory in economics… …   Financial and business terms

  • supply-side economics — noun 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 • Hypernyms: ↑economics, ↑economic… …   Useful english dictionary

  • supply-side economics — noun a branch of economics that focuses on the supply side of the economy and on tax reductions …   Wiktionary

  • supply-side economics — UK / US noun [uncountable] economics economic policies that involve reducing taxes in order to encourage people to invest more money …   English dictionary

  • supply-side economics — /səˌplaɪ saɪd ɛkəˈnɒmɪks/ (say suh.pluy suyd ekuh nomiks) noun a method of managing the national economy which seeks to overcome a recession by stimulating the production of goods and the supply of services …  

  • supply-side economics — sup.ply side eco nomics n [U] technical the idea that if the government reduces taxes, people will be able to make more goods and this will improve a country s economic situation …   Dictionary of contemporary English

  • supply-side economics — sup ply side eco,nomics noun uncount TECHNICAL economic policies that involve reducing taxes in order to encourage people to invest more money …   Usage of the words and phrases in modern English

  • Supply-Side Economics — Die Angebotspolitik (Angebotsorientierte Wirtschaftspolitik) ist eine konjunkturpolitische Konzeption, die auf der Annahme basiert, dass Beschäftigung und Wachstum einer Volkswirtschaft in erster Linie von den Rahmenbedingungen der Angebotsseite… …   Deutsch Wikipedia

  • Supply Side Economics — ⇡ Angebotsökonomik …   Lexikon der Economics

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