supply-side school of economics
E1029127
The supply-side school of economics is a macroeconomic theory that emphasizes boosting economic growth by improving production incentives—such as lowering taxes and reducing regulation—to increase supply, investment, and employment.
All labels observed (1)
| Label | Occurrences |
|---|---|
| supply-side school of economics canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T13236521 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: supply-side school of economics Context triple: [Laffer Investments, associatedWithSchoolOfThought, supply-side school of economics]
-
A.
Austrian School of economics
The Austrian School of economics is a heterodox economic tradition that emphasizes methodological individualism, subjective value, and the importance of entrepreneurial discovery and market processes, strongly associated with thinkers like Ludwig von Mises and Friedrich Hayek.
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B.
New Classical macroeconomics
New Classical macroeconomics is a school of thought that emphasizes rational expectations, market-clearing models, and the idea that systematic monetary policy has limited real effects on output and employment.
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C.
neoclassical economics
Neoclassical economics is a dominant school of economic thought that explains prices, output, and income distribution primarily through marginal analysis, individual rational choice, and market equilibrium.
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D.
classical economics
Classical economics is a school of economic thought, originating in the late 18th century, that emphasizes free markets, competition, and the idea that self-interested behavior can lead to socially beneficial outcomes.
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E.
New Keynesian economics
New Keynesian economics is a modern macroeconomic framework that incorporates rational expectations and micro-founded price and wage rigidities to explain short-run economic fluctuations and justify active stabilization policy.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: supply-side school of economics Target entity description: The supply-side school of economics is a macroeconomic theory that emphasizes boosting economic growth by improving production incentives—such as lowering taxes and reducing regulation—to increase supply, investment, and employment.
-
A.
Austrian School of economics
The Austrian School of economics is a heterodox economic tradition that emphasizes methodological individualism, subjective value, and the importance of entrepreneurial discovery and market processes, strongly associated with thinkers like Ludwig von Mises and Friedrich Hayek.
-
B.
New Classical macroeconomics
New Classical macroeconomics is a school of thought that emphasizes rational expectations, market-clearing models, and the idea that systematic monetary policy has limited real effects on output and employment.
-
C.
neoclassical economics
Neoclassical economics is a dominant school of economic thought that explains prices, output, and income distribution primarily through marginal analysis, individual rational choice, and market equilibrium.
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D.
classical economics
Classical economics is a school of economic thought, originating in the late 18th century, that emphasizes free markets, competition, and the idea that self-interested behavior can lead to socially beneficial outcomes.
-
E.
New Keynesian economics
New Keynesian economics is a modern macroeconomic framework that incorporates rational expectations and micro-founded price and wage rigidities to explain short-run economic fluctuations and justify active stabilization policy.
- F. None of above. chosen
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
macroeconomic theory
ⓘ
school of economic thought ⓘ |
| advocates |
lower marginal tax rates
ⓘ
reducing barriers to production ⓘ reducing government intervention in markets ⓘ reducing regulation ⓘ |
| alsoKnownAs | supply-side economics ⓘ |
| associatedWith |
Arthur Laffer
ⓘ
Jude Wanniski ⓘ Margaret Thatcher era policies ⓘ
linked to:
Thatcherism
Reaganomics ⓘ Robert Mundell ⓘ
linked to:
Robert A. Mundell
Ronald Reagan administration ⓘ
linked to:
Reagan administration
|
| claims |
tax cuts can broaden the tax base
ⓘ
tax cuts can increase economic growth ⓘ tax cuts can increase employment ⓘ tax cuts can increase investment ⓘ tax cuts can partly pay for themselves through higher growth ⓘ |
| contrastsWith |
Keynesian demand management
ⓘ
linked to:
Keynesian economics
demand-side economics ⓘ |
| criticizedBy |
many Keynesian economists
ⓘ
many public finance economists ⓘ |
| criticizedFor |
contributing to income inequality
ⓘ
increasing budget deficits ⓘ overstating revenue effects of tax cuts ⓘ |
| emergedIn | 1970s ⓘ |
| emphasizes |
increasing aggregate supply
ⓘ
investment incentives ⓘ labor supply incentives ⓘ production incentives ⓘ |
| focusesOn | economic growth ⓘ |
| influencedPolicyIn |
United Kingdom
ⓘ
United States ⓘ
linked to:
United States of America
|
| policyGoal |
expansion of the tax base
ⓘ
higher employment ⓘ higher long-run economic growth ⓘ increased capital formation ⓘ increased productivity ⓘ |
| policyTool |
cuts in capital gains taxes
ⓘ
cuts in corporate tax rates ⓘ cuts in personal income tax rates ⓘ deregulation of industries ⓘ privatization of state-owned enterprises ⓘ tax incentives for saving and investment ⓘ |
| relatedConcept |
pro-growth tax reform
ⓘ
structural reforms in labor markets ⓘ structural reforms in product markets ⓘ trickle-down economics ⓘ |
| usesConcept | Laffer curve ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: supply-side school of economics Description of subject: The supply-side school of economics is a macroeconomic theory that emphasizes boosting economic growth by improving production incentives—such as lowering taxes and reducing regulation—to increase supply, investment, and employment.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.