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What Is the Basic Principle Behind Supply-Side Economics? After Supply-Side

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Essay

What is the basic principle behind supply-side economics? After supply-side policies were implemented in 1981, the economy pulled out of the 1980 recession and entered an expansionary period. How would a supply-side economist explain the success of these policies? How do critics of supply-side policies explain the recovery from the recession?


Definitions:

Power Motive

Wanting to have an impact on others.

Power Motive

The drive to influence, control, or have an impact on others, often studied in the context of personality and social psychology.

Heart Disease

a range of conditions that affect the heart, including blood vessel diseases, heart rhythm problems, and heart defects among others.

Optimistic Explanatory Style

Believing negative events are temporary and specific.

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