Supply Side Economics: Old Truths and New Claims

Martin Feldstein

No 1792, NBER Working Papers from National Bureau of Economic Research, Inc

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.

Date: 1986-01
Note: PE
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Published as Feldstein, Martin. "Supply Side Economics: Old Truths and New Claims." American Economic Review, Vol. 76, No. 2, (May 1986), pp. 26-30.

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