Global economy

The difference between Keynesianism and Suppy Side Economics

Posted on January 16, 2014 | in American Economy | by
Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInEmail this to someonePin on Pinterest

keynesianism and suppy side economics

Unlike the Keynesians, Supply Side Economics did not agree that such a tax cut would necessarily cause inflation. Instead, the supply siders believe that the American people would actually work much harder and invest much more if they were allowed to keep more of the fruits of their labour. The end result would be to increase the amount of goods and services our economy could actually produce by pushing out the economy`s supply curve. Hence, supply side economics.

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInEmail this to someonePin on Pinterest
TAGS: , , , ,

Leave a Reply

Recent Comments