Supply-Side Follies

Why Conservative Economics Fails, Liberal Economics Falters, and Innovation Economics is the Answer

By (author) Robert D. Atkinson

Publication date:

24 October 2006

Length of book:

276 pages

Publisher

Rowman & Littlefield Publishers

ISBN-13: 9780742551060

Supply-Side Follies is a progressive political and economic challenge to the current George W. Bush policies. It debunks commonly held assumptions of conservative economic policies centered on the obsession that tax cuts led to greater productivity and prosperity. These fundamentally flawed policies are setting the United States up for a major economic downturn in the near future.

The 21st century knowledge economy requires a fundamentally different approach to boosting growth than simply cutting taxes on the richest investors. The alternative is not, however, to resurrect old Keynesian, populist economics as too many Democrats hope to do. Rather, as Rob Atkinson makes clear, our long-term national welfare and prosperity depends on new economic strategy that fits the realities of the 21st century global, knowledge-based economy: innovation-based growth economics.
Supply-Side Follies is a closely-argued broadside against the Bush administration's two-pronged economic policy of tax cuts and more tax cuts. Anyone trying to evaluate the highly politically-charged arguments that these tax cuts stimulated economic growth, and may even have paid for themselves, would profit from thinking hard about the counterarguments Atkinson marshals in his clearly-written and accessible book.