- Hardcover: 229 pages
- Publisher: Arlington House (1981)
- Language: English
- ISBN-10: 0870005057
- ISBN-13: 978-0870005053
- Product Dimensions: 9.1 x 6 x 1 inches
- Shipping Weight: 1.2 pounds
- Average Customer Review: 4.0 out of 5 stars See all reviews (2 customer reviews)
- Amazon Best Sellers Rank: #2,710,804 in Books (See Top 100 in Books)
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Reaganomics: Supply Side Economics in Action Hardcover – 1981
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The most recent recession shows the falacy of this thinking. In addition, a book entitled Zombie Economics goes into detail examining different failed economic theories and supply side economics is considered a failed theory now by many including David Stockton of the Reagan administration who was once a big proponent of supply side economics.
To say it worked is just ignoring the facts. What created the jobs in the Reagan administration was the stimulas spending. The govenment spending for a huge military buildup including Star Wars was the greatest military spending increase since the Vietnam War. That spending is what brought the country out of the recession and created the jobs. Not the tax cuts as is the myth. In fact tax increases under Bill Clinton saw far greater prospertiy and economic growth than under Reagan.
Bartlett now along with many economists have concluded that supply side economics was a grand experiment that failed.