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The term " supply-side economics " was thought, for some time, to have been coined by journalist Jude Wanniski in 1975, but according to Robert D. Atkinson's Supply-Side Follies, the term " supply side " (" supply-side fiscalists ") was first used by Herbert Stein, a former economic adviser to President Nixon, in 1976, and only later that year was this term repeated by Jude Wanniski.
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term and supply-side
He was also associate editor of The Wall Street Journal from 1972 to 1978 and coined the term supply-side economics in 1976.
Although the term " supply-side economics " may have been coined later, an example of lower tax cuts effecting higher government revenues occurred during the 1920s.
Wanniski has been credited with coining the term supply-side economics to distinguish it against the more dominant " demand-side " Keynesian and monetarist theories.
David Stockman, who as Reagan's budget director championed these cuts at first but then became skeptical of them, told journalist William Greider that the term " supply-side economics " was used to promote a trickle-down idea.
term and economics
The term is parallel to-ology in English, being used to construct the names of academic fields: the Chinese names of fields such as physics, chemistry, biology, political science, economics, and sociology all end in xué.
The term economics comes from the Ancient Greek (, " management of a household, administration ") from (, " house ") + (, " custom " or " law "), hence " rules of the house ( hold )".
Political economy was the earlier name for the subject, but economists in the latter 19th century suggested ' economics ' as a shorter term for ' economic science ' that also avoided a narrow political-interest connotation and as similar in form to ' mathematics ', ' ethics ', and so forth.
The term demand-pull inflation is mostly associated with Keynesian economics.
In the field of public economics, the term may refer to the accumulation of both monetary and non-monetary consumption ability, with the former ( monetary ) being used as a proxy for total income.
The term " Gandhian economics " was coined by J. C. Kumarappa, a close supporter of Gandhi.
Neoclassical economics is a term variously used for approaches to economics focusing on the determination of prices, outputs, and income distributions in markets through supply and demand, often mediated through a hypothesized maximization of utility by income-constrained individuals and of profits by cost-constrained firms employing available information and factors of production, in accordance with rational choice theory.
Today it is usually used to refer to mainstream economics, although it has also been used as an umbrella term encompassing a number of other schools of thought, notably excluding institutional economics, various historical schools of economics, and Marxian economics, in addition to various other heterodox approaches to economics.
Though such reactors could be built with current or near term technology, they trigger little interest for reasons of economics, practicality, or safety.
Postmodernism is a general and wide-ranging term which is applied to many disciplines, including literature, art, economics, philosophy, architecture, fiction, and literary criticism.
Public affairs – catch-all term that includes public policy as well as public administration, both of which are closely related to and draw upon the fields of political science and economics.
" Social science " is commonly used as an umbrella term to refer to anthropology, archaeology, criminology, economics, education, history, linguistics, communication studies, political science and international relations, sociology, geography, law, social work and psychology.
Yet Schumpeter remained critical about Keynes's economics, linking Keynes's childlessness to what Schumpeter saw as an essentially short term view.
Author and political commentator William Safire, in his political dictionary, traced the term " trickle-down economics " ( common in the Reagan era ) to Bryan's statement that some believe that government should legislate for the wealthy, and allow prosperity to " leak through " on those below.
* Transparency ( market ), a term in economics
In economics, typically, the term market means the aggregate of possible buyers and sellers of a certain good or service and the transactions between them.
The free good is a term used in economics to describe a good that is not scarce.
In the late 19th century, the term economics came to replace political economy, coinciding with publication of an influential textbook by Alfred Marshall in 1890.
Earlier, William Stanley Jevons, a proponent of mathematical methods applied to the subject, advocated economics for brevity and with the hope of the term becoming " the recognised name of a science.
* Economists and political scientists often associate the term with approaches using rational choice assumptions, especially game theory and social choice theory, in explaining phenomena beyond economics ' standard remit, such as corruption, government failure and complex decision-making in which context the term " positive political economy " is common.
term and was
It became the sole `` subject '' of `` international law '' ( a term which, it is pertinent to remember, was coined by Bentham ), a body of legal principle which by and large was made up of what Western nations could do in the world arena.
'' The other important difference between the two Constitutions was that the President of the Confederacy held office for six ( instead of four ) years, and was limited to one term.
Bang-Jensen said you told correspondents that you had checked in advance to make sure the term ' aberrant conduct ' was not libelous.
His parents talked seriously and lengthily to their own doctor and to a specialist at the University Hospital -- Mr. McKinley was entitled to a discount for members of his family -- and it was decided it would be best for him to take the remainder of the term off, spend a lot of time in bed and, for the rest, do pretty much as he chose -- provided, of course, he chose to do nothing too exciting or too debilitating.
His teacher and his school principal were conferred with and everyone agreed that, if he kept up with a certain amount of work at home, there was little danger of his losing a term.
The term enquetes demographiques, previously used for the supplementary investigations carried out in connection with the administrative censuses, was used for the new investigations.
This term was also used by the cowboy in the sense of a human showin' fight, as one cowhand was heard to say, `` He arches his back like a mule in a hailstorm ''.
the first use of the word `` rustler '' was as a synonym for `` hustler '', becomin' an established term for any person who was active, pushin', and bustlin' in any enterprise.
Engages must be loyal to the concessionaires, and must serve until the term provided in the engagement was ended.
The September-October term jury had been charged by Fulton Superior Court Judge Durwood Pye to investigate reports of possible `` irregularities '' in the hard-fought primary which was won by Mayor-nominate Ivan Allen Jr..
When the crowd was asked whether it wanted to wait one more term to make the race, it voted no -- and there were no dissents.
Petitions asking for a jail term for Norristown attorney Julian W. Barnard will be presented to the Montgomery County Court Friday, it was disclosed Tuesday by Horace A. Davenport, counsel for the widow of the man killed last Nov. 1 by Barnard's hit-run car.
Friday afternoon the Rev. T. F. Zimmerman was reelected for his second consecutive two-year term as general superintendent of Assemblies of God.
Commenting on the earlier stage, the Notre Dame Chapter of the American Association of University Professors ( in a recent report on the question of faculty participation in administrative decision-making ) noted that the term `` teacher-employee '' ( as opposed to, e.g., `` maintenance employee '' ) was a not inapt description.
The Unitarian clergy were an exclusive club of cultivated gentlemen -- as the term was then understood in the Back Bay -- and Parker was definitely not a gentleman, either in theology or in manners.
or `` Carmine Theater, 1912 '', the only canvas with an ash can ( and foraging dog ), although Sloan was a member of the famous `` Eight '', and of the so-called `` Ash-Can School '', a term he resented.
The term was introduced into optics by Johann Heinrich Lambert in his 1760 work Photometria.
In 1846, Lincoln was elected to the U. S. House of Representatives, where he served one two-year term.
Realizing Clay was unlikely to win the presidency, Lincoln, who had pledged in 1846 to serve only one term in the House, supported General Zachary Taylor for the Whig nomination in the 1848 presidential election.
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