Supply-Side Economics emphasizes the role of supply factors in driving economic growth, in contrast to the Keynesian focus on effective demand. This theory includes reforms in tax systems, restrictive practices, infrastructure, training, and social security to stimulate investment, innovation, and labor supply.
Explore the concept of Aggregate Supply in Macroeconomics, its significance, components, historical context, and its relation to Aggregate Demand.
An in-depth exploration of the economic theories developed in the 1970s that sought to address the limitations of Keynesian economics.
An in-depth look at supply-side economics, a theory that contends drastic tax reductions will stimulate productive investment to benefit society; championed by Professor Arthur Laffer in the late 1970s.
An economic theory suggesting that prosperity of investors and businesses will ultimately benefit middle and lower-income people through increased economic activity.
A comprehensive exploration of the term 'Voodoo Economics,' its origins, historical context, and various perspectives on its validity.
