Supply-Side Economics

Discipline: Economics

With its emphasis on aggregate supply, rather than aggregate demand (as in Keynesian economics), supply-side economics is concerned with the productive capacity of the economy.

Free market supply-side economics emerged in the 1980s as the complement to monetarism.

Government measures included: tax cuts; measures to facilitate the mobility of labor; reduction in public expenditure; and deregulation.

Also see: new classical macroeconomics, Reaganomics, Say's law, Thatcherism,

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