Supply Side Economics: Old Truths and New Claims
NBER Working Paper No. 1792 (Also Reprint No. r0795)
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.
Published: Feldstein, Martin. "Supply Side Economics: Old Truths and New Claims." American Economic Review, Vol. 76, No. 2, (May 1986), pp. 26-30.