Definition of Supply-Side

We should probably decide together what our definition should be. Do we want to meet? This shouldn't take too long...

This first URL is of the NY Times Supply Side Economics archive.
http://topics.nytimes.com/top/reference/timestopics/subjects/e/economics/supply-side_economics/index.html

These are some of the definitions we can work with...

1. "An economic theory which holds that reducing tax rates, especially for businesses and wealthy individuals, stimulates savings and investment for the benefit of everyone. also called trickle-down economics." (http://www.investorwords.com/4825/supply_side_economics.html)

2. "In the late seventies, the label "Supply Side Economics" was applied to the argument that lower tax rates would improve private sector incentives, leading to higher employment, productivity, and output in the US economy." (http://pages.stern.nyu.edu/~nroubini/SUPPLY.HTM)

3. "Supply-side economics, also known as trickle-down economics, is an economic theory that states that a reduction in taxes will stimulate the economy through increased consumer spending. Over time, the increased economic growth will generate a larger tax base, which will recoup the revenue lost from the tax cut." (http://useconomy.about.com/od/fiscalpolicy/p/supply_side.htm)

4. (this article has a long thorough definition) (http://www.econlib.org/library/Enc/SupplySideEconomics.html)

5. "Theory that income taxes reduce incentives for work, savings, and investment, and that accelerated economic growth without inflation can be achieved by increasing the supply of goods and services. Supply side economics advocates large scale tax cuts for individuals and corporation, deregulation of businesses, and strong incentives for investment. Based on Say's Law, and supported by classical and monetarist economists, it is however, opposed by Keynesian (demand side) economics which theorizes that aggregate demand constitutes the primary driving and stabilizing forces in an economy. Also called trickle down economics because its proponents believe making the rich richer eventually helps the poor when the benefits of an expanding economy seep down to them." (http://www.businessdictionary.com/definition/supply-side-economics.html)

Tell me if you guys want me to find more definitions!