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Supply Side Economics: Old Truths and New Claims

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  • Martin Feldstein

Abstract

This paper, prepared for the annual meetings of the American Economic Association, examines the claims that were made at the beginning of the decade by the "new" supply-siders and contrasts their views with the traditional supply-side economics that has been a prominent part of economics since Adam Smith. The analysis gives particular attention to the pace of recovery and growth and to the revenue effects of the 1981 tax cut.

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File URL: http://www.nber.org/papers/w1792.pdf
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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 1792.

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Date of creation: Jan 1986
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Publication status: published as Feldstein, Martin. "Supply Side Economics: Old Truths and New Claims." American Economic Review, Vol. 76, No. 2, (May 1986), pp. 26-30.
Handle: RePEc:nbr:nberwo:1792

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Cited by:
  1. I. Maes, 1998. "Macroeconomic thought at the European Commission in the 1970s: the first decade of the annual economic reports," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 51(207), pages 387-412.
  2. Bianchi, Marco & Gudmundsson, Björn R & Zoega, Gylfi, 2000. "Iceland's Natural Experiment in Supply-Side Economics," CEPR Discussion Papers 2367, C.E.P.R. Discussion Papers.
  3. Elena Briata, 2011. "Marginal tax rates, tax revenues and inequality. Reagan’s fiscal policy," DEP - series of economic working papers 4/2011, University of Genoa, Research Doctorate in Public Economics.
  4. Martin Feldstein, 1993. "Tax Policy in the 1980s: A Personal View," NBER Working Papers 4323, National Bureau of Economic Research, Inc.
  5. James Henderson, 1991. "Traditional supply-side economics: J. R. McCulloch on the stimulating effect of a tax increase," Forum for Social Economics, Springer, vol. 21(1), pages 18-21, September.
  6. Awad, Ibrahim L., 2002. "ظاهرة الركود التضخمى فى الاقتصاد المصرى: دراسة تحليلية
    [The Phenomenon of Stagflation in The Egyptian Economy: Analytical Study]
    ," MPRA Paper 5465, University Library of Munich, Germany.
  7. Anthonie Knoester & André Kolodziejak, 1994. "The need for economic policy coordination between Europe, Japan, and the United States: Policy recommendations for the 1990s," Open Economies Review, Springer, vol. 5(4), pages 327-346, October.
  8. I. Maes, 1998. "Macroeconomic thought at the European Commission in the 1970s: the first decade of the annual economic reports," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 51(207), pages 387-412.
  9. Martin Feldstein & Douglas W. Elmendorf, 1989. "Budget Deficits, Tax Incentives and Inflation: A Surprising Lesson From The 1983-84 Recovery," NBER Working Papers 2819, National Bureau of Economic Research, Inc.

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