[PEN-L:28394] Re: question

[Louis Proyect <lnp3@xxxxxxxxx>]

Ellen Frank wrote:

> Does anybody know who coined the term "supply-side economics"
> (or who takes credit for it, anyway)?
> Thanks in advance.
>
> Ellen Frank
Journal of Commerce

March 30, 1987, Monday

SECTION: EDITORIAL PAGES, Pg. 15A

LENGTH: 809 words

HEADLINE: JUDE'S GUIDE TO THE MEDIA

BYLINE: STANFORD ERICKSON

Journalist/economist Jude Wanniski has come out with his new "MediaGuide."

Mr. Wanniski published his first "critical review" of national U.S. publications and journalists last year to somewhat mixed reviews. We liked the effort last year and find this year's 374-page evaluation of the national print edia much better organized and a whole lot better written.

A former associate editor with The Wall Street Journal, Mr. Wanniski is known for having coined the term "supply-side economics." To our way of thinking, as economists go, he's somewhat of a poor man's version of John Maynard Keynes. Not that he or Mr. Keynes might agree on many things economically speaking, but both he and the late Mr. Keynes are sort of renaissance types as much interested in the art of writing and politics as economics. Mr. Wanniski's book dealing with economics - "The Way the World Works" published in 1978 - was acclaimed by none other than the supply-side guru himself, Arthur Laffer, as "the best book on economics ever written." If Arthur really believes that, he should change his name to Laugher rather than Laffer.

--

Louis Proyect
www.marxmail.org