Efficient markets | Quiggin is unpersuasive on his three other candidates for "zombie" ideas: the Efficient Market Hypothesis (EMH), supply-side economics
(which he calls "trickle-down economics"), and privatization.
By 1980, the case for supply-side economics
had been so widely disseminated that Ronald Reagan was able to claim that "he could simultaneously reduce taxes, increase defense spending and balance the budget because of greater revenues the tax cuts would generate" (p.
In the 1980s, he was skeptical of the new fad of supply-side economics
A small company or specialty manufacturer might not serve an international audience, but the organization can improve its supply-side economics
by finding alternate sources of product and services in other markets.
presented a fundamental challenge to Keynesian demand management.
Look, nobody cares that politicians hold out their hands (go figure), but supply-side economics
is bankrupting us.
De la Sota is a spirited advocate of supply-side economics
The first to use supply-side economics
were the British under Prime Minister Margaret Thatcher and the United States under Ronald Reagan in the early 1980s.
Most of the book focuses on three specific economic "experiments": the Federal Reserve's monetarist policy in the early 1980s, supply-side economics
as defined during the Reagan Administration, and the government's non-intervention approach to fluctuations in foreign currency values which also occurred during the Reagan Administration.
The idea behind supply-side economics
is simple: If high taxes discourage savings and capital investment, and if these are the keys to economic growth, then one can Cut taxes, accelerate economic growth and generate new revenue for the government, all at the same time.
The Times made it quite clear that the French workers just don't get it - a little supply-side economics
, and they'd be back to their posts in no time.
Part VI contains two chapters, one placing his structural theory in the context of classicism, especially so-called supply-side economics
and a second presenting alternative policies suggested by this structuralist view of the economy.
Their most stunning accomplishment was introducting supply-side economics
in the mid-1970s, but they have had other smaller, victories since then.
Wall Street had a boom year, and true to the recently ousted supply-side economics
, a boomlet trickled down to our Midtown brokers.
And since the 1970s, Kristol has served as one of capitalism's greatest champions and most trenchant critics, supporting a religiously based free market and policies such as supply-side economics
while opposing avarice and amoral corporate conduct.