supply-side economics

British  

noun

1. (functioning as singular) a school of economic thought that emphasizes the importance to a strong economy of policies that remove impediments to supply

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supply-side economics Cultural  

1. An economic theory that holds that, by lowering taxes on corporations, government can stimulate investment in industry and thereby raise production, which will, in turn, bring down prices and control inflation. The theory also favors improvements in education and training to make workers more productive and reducing the welfare state (see also welfare state) to spur individuals to work harder. Supply-siders focus on increasing the supply of goods rather than stimulating demand by granting subsidies to the public. Supply-side economics influenced the presidency of Ronald Reagan.

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Example Sentences

Consistent with the reformulation of cultural issues, conservatives in the 1970s put a positive spin on their pro-business policies, labeling them "supply-side economics."

From Salon • Jul. 16, 2022

There she found a mentor in Arthur Laffer, one of the patron saints of supply-side economics, after she petitioned to be admitted to one of his graduate courses.

From New York Times • Aug. 22, 2021

I think it helps to start by thinking about what Reaganism was, what supply-side economics was, what was it responding to.

From Slate • Apr. 6, 2021

“He is tuned in to supply-side economics, but he is not a supply-side kook,” Herbert Stein, who served as chairman of the council under previous Republican administrations, said of Dr. Feldstein at the time.

From Washington Post • Jun. 12, 2019

His economic policies, called Reaganomics by the press, were based on a theory called supply-side economics, about which many economists were skeptical.

From Textbooks • Dec. 30, 2014