Supply-side is very much alive -- Robert Mundell recently won the Nobel prize, for goodness sake! George Gilder is the guru of the internet. Lawrence Lindsey, Bush's top economic advisor, is a supply-sider. Personally, I am a big-fan of supply-side theory, and if I don't get a big tax cut from Bush, I'm voting for Nader next time.
It would be interesting to see your defense of supply-side economics, David. What is the logic behind it? How do supply-siders deal with the conflict between income and substitution effects that occur with both labor supply and saving behavior? What evidence is there for the supply-side view, besides taking credit for Keynesian demand-side stimulation?
Jim Devine jdevine@xxxxxxx & http://bellarmine.lmu.edu/~JDevine
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- Re: RE: A New Pen-l Project, Bradford DeLong Tue 19 Dec 2000, 00:36 GMT
- Re: RE: A New Pen-l Project, Jim Devine Tue 19 Dec 2000, 03:44 GMT
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- Re: Supply-side economics, Michael Perelman Wed 20 Dec 2000, 00:52 GMT
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