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Supply creates demand
    -Say's Law

[T]he specific set of silly ideas that has laid claim to the name `supply-side economics' is a crank doctrine, which would have little influence if it did not appeal to the prejudices of editors and wealthy men.
    -Paul Krugman, The Return of Depression Economics

supply-side economics:
economic theory that concentrates on influencing the supply of labor and goods as a path to economic health, rather than approaching the issue through such macroeconomic concerns as gross national product. In the United States during the 1980s, supply-side economics was associated with conservative proponents of the free-market system. Such measures as tax cuts and benefit cuts to the unemployed are basic supply-side tactics, with the intention of increasing the incentive to work and produce goods and services. The theory holds that high marginal tax rates and government regulation discourage private investment in areas that fuel economic expansion, and that more capital in the hands of the private sector will "trickle down" to the rest of the population.
    -The Columbia Encyclopedia, Sixth Edition. 2001


Grade: (B+)


See also:

Robert Bartley Links:

    -ARCHIVES : Robert Bartley (Opinion Journal, Wall Street Journal)
    -Robert L. Bartley: WSJ OpinionJournal (lying in ponds: The absurdity of partisanship)
    -BOOKNOTES : Author: Robert Bartley Title: The Seven Fat Years And How To Do It Again (C-SPAN, May 17, 1992)
    -ESSAY: How Reaganomics Made the World Work: We're all supply-siders now. (Robert L. Bartley, April 21, 1989, National Review)
    -ESSAY : The Left: 100 Days in the Wilderness: Will liberals ever find their way again? (Robert Bartley, April 30, 2001 , Wall Street Journal)
    -ESSAY : Resposes to Samuel P. Huntington's "The Clash of Civilizations? ": The Case for Optimism; The West Should Believe in Itself (Robert L. Bartley)
    -ESSAY : The Republic's Debt to Religion: The Free World shouldn't turn its back on its Christian heritage (ROBERT L. BARTLEY,, April 16, 2001, Opinion Journal)
    -SPEECH : Clintonomics and the Lessons of the 1980s (Robert L. Bartley, June 23, 1993, Independent Policy Forum)
    -PROFILE : Who is Robert Bartley?: The most influential journalist of our time. (Robert Novak, 1/13/03, Weekly Standard)
    -PROFILE: Meeting Bartley (Christopher Buckley, November 19, 2001, National Review)
    -ESSAY : Make a Bookmark (Jude Wanniski, Polyconomics)
    -ESSAY : S'posin' (Mugger, June 12, 2000)
    -PROFILE : Who is the Wall Street Journal's Robert Bartley? (David Walsh, 8 January 2001, World Socialist Web Site)
    -SPEECH : "The Truth About The 1980's" (1993-94 Wilcox H.S. English Dept. Award for Speech and Debate)
    -ESSAY : The Ideologically Invested (Jonathan Chait, September 21, 1995, The American Prospect)
    -ESSAY : 20 Reasons Not to Trust the Journal Editorial Page (Steve Rendall and Jim Naureckas)
    -ARCHIVES : "robert bartley" (Find Articles)
    -REVIEW: of The Seven Fat Years (Benjamin M. Friedman, NY Review of Books)
    -AWARD : EDITORIAL WRITING : Robert L. Bartley of Wall Street Journal (Pulitzer Prize)

Book-related and General Links:

    -The Mont Pelerin Society
    -Free Market Foundation
    -Capitalism Magazine
    -Ideas on Liberty (formerly The Freeman) applies the basic principles of the free society to history and the issues of the day
    -Supply-Side University: Supply-Side Economics on the Web (, Jude Wanniski)
    -The Laffer Curve - Who Pays How Much? [Virtual Economy]
    -ESSAY : Say's Law and Supply Side Economics (
    -Subject Archive : Taxation (Independent Institute)
    -Archive | Economic Policy (Independent Institute)
    -ESSAY: The Real Supply Siders (J. Bradford DeLong, March 03, 2003)
    -ESSAY : What Really Happened in 1981 (Paul Craig Roberts, 09/01/00, Independent Review)
    -ESSAY : SUPPLY-SIDE TAX CUTS AND THE TRUTH ABOUT THE REAGAN ECONOMIC RECORD (William A. Niskanen and Stephen Moore , October 22, 1996, Cato Institute)
    -ESSAY : Spin Cycle (Jeffrey Madrick, March 1997, The American Prospect)
    -ESSAY : TRB FROM WASHINGTON: THE MICHAEL 1 MAN (Jonathan Chait, November 4, 1996, New Republic)
    -ESSAY : A Sober Case for Tax Cut Policies (Robert Robb, Managing Partner Robb, DeMenna & Pfister)
    -ESSAY : Supply Side Economics: Do Tax Rate Cuts Increase Growth and Revenues and Reduce Budget Deficits ? Or Is It Voodoo Economics All Over Again? ( Nouriel Roubini, Stern School of Business, New York University, 1997)
    -BIBLIOGRAPHIC ESSAY : Conservatism in the US: 1976 to the Present (ROBERT HEINEMAN)
    -ARCHIVES : "supply side economics" (Find Articles)
    -ARCHIVES : CI Online - External Links - Economics - Macroeconomics
    -THE REAGAN YEARS: A Statistical Overview of the 1980s
    -ESSAY : SUPPLY SIDE ECONOMICS: The New Phase of Capitalist Strategy in the Crisis (Harry Cleaver)
    -ESSAY : Irving Kristol and the Coming of Supply-Side Economics (J. Bradford DeLong)
    -ESSAY : Supply-Side Virus Strikes Again : Why there is no cure for this virulent infection. (Paul Krugman, Thursday, Aug. 15, 1996, Slate)
    -ESSAY: The Eight Fat Years (Timothy Noah, January 14, 1999, Slate)
    -REVIEW : of The Return of Depression Economics, by Paul Krugman (David R. Henderson, Reason)

    -ESSAY : Mundell on Supply-Side Economics : Robert A. Mundell, a Columbia University economist, won the Nobel economics prize yesterday. Following are excerpts from an article he published in the July-August 1990 issue of the Rivista di Politica Economica, an Italian economics journal (Wall Street Journal)
-ESSAY : A Supply-Side Nobel
-ESSAY : Robert Mundell : Economist of the Century (Arthur B. Laffer, Wall Street Journal)
-PROFILE : The global economist at home: From his Tuscan castle, Canadian Robert Mundell is changing world economies (Luiza Chwialkowska, The Ottawa Citizen, Saturday, July 25, 1998)
-PROFILE : A Much-Deserved Triumph in Supply-Side Economics (Mark Skousen, February 2000, Ideas on Liberty)
-LINKS : Mundell, Robert A. (Web Sites)