Herbert Stein - father of Supply-side economics

Herbert was one of President Richard Nixon's economic advisers in the 1970s and in 1976, he came up with the concept of supply-side policies. He was a neo-classical economist, who believed in freeing up the markets, reducing regulation, reducing taxes and less government intervention. There is no surprise that Nixon was a Republican, similar to our (right wing) Conservative party.

http://en.wikipedia.org/wiki/Herbert_Stein

http://en.wikipedia.org/wiki/Supply-side_economics

Video on supply-side policies

By PAJ Holden - http://www.youtube.com/watch?v=v9HEm8w5nL8

Monetarists claim way to boost growth is to abolish labour laws

George Osborne is among politicians in Europe who want supply-side reforms; cuts in wages and working conditions


http://www.guardian.co.uk/business/2012/may/13/economic-growth-abolish-labour-laws

Supply-side policies video

PAJ Holden - http://www.youtube.com/watch?v=v9HEm8w5nL8

How to increase the Aggregate Supply/Potential output of a country

A typical answer would be to have a supply side policy to improve the skills of the workforce.

This worrying clip from the BBC suggests the skills required by a lot of workers are fairly basic

http://brynsaseconomicsblog.blogspot.com/2012/03/unit-2-how-to-increase-aggregate.html

Supply-side policies videos

PAJ Holden - http://www.youtube.com/watch?v=v9HEm8w5nL8

Bryn Jones - http://www.youtube.com/watch?v=DWu7w-j6AHY

Supply-side policies presentation

Tutor2u presentation:
http://www.tutor2u.net/economics/presentations/workshops2010/AS2/player.html

Supply-side stimulus for the Chinese economy

The Chinese Government has spent about $40 billion training people from the countryside to run their own business. The Government’s scheme provides free skills training, tax free loans of up to $8,000 and two years of support.

http://www.tutor2u.net/blog/index.php/economics/comments/supply-side-stimulus-for-the-chinese-economy/

Tories plan tax cut for new firms

The Conservatives have announced a tax break plan for firms created in the first two years of a Tory government that they say would create 60,000 jobs.

Courtesy of Angel

http://news.bbc.co.uk/1/hi/uk_politics/8291439.stm

Mindmap on supply-side policies

http://mindomo.com/view.htm?m=38fc7abacbfc4d1889eaf882933635a8

tutor2u notes on Supply-side policies

http://portal.kings-ely.cambs.sch.uk/Senior%20School/Departments/Economics/Pupils/Document%20Library/Year%2012%20Economics/Module%202%20-%20Macro%20Economics/OCR%20Unit%20F582%20tutor2u%20notes/Supply-side%20Policies.pdf

Supply-side policies presentation

http://app.sliderocket.com/app/FullPlayer.aspx?id=fca635be-0c23-4df0-ac57-5fc39e46b485

Australia investing £20bn in superfast broadband

It will deliver broadband speeds of 100 megabits per second to 90 per cent of Australian homes, schools and businesses within eight years through fibre-optic cables direct to buildings, he said. The remaining 10 per cent would get a wireless upgrade. "Every person and business in Australia, no matter where they are located, will have access to affordable, fast broadband at their fingertips," the Prime Minister said.

http://business.timesonline.co.uk/tol/business/industry_sectors/technology/article6050063.ece

Supply-side policies - Rwanda looks to hi-tech future

Still scarred by the genocide of 15 years ago, Rwanda is embracing the internet in order to transform its economy and people's personal ambitions.

http://news.bbc.co.uk/1/hi/technology/8322710.stm

Presentation - supply-side policies

http://www.tutor2u.net/economics/presentations/aseconomics/macro/SupplySideEconomics/default.html

Supply-side policy - reducing invalidity benefit fraud

A mayor from Pembroke has pleaded guilty to benefit fraud after claiming disability living allowance while refereeing football matches at weekends.
http://news.bbc.co.uk/1/hi/uk/7358878.stm

Supply-side policy - deregulation of the transatlantic air routes

This BBC video explains the new deal between the US and Europe aiming to open up air travel between the two continents.
http://news.bbc.co.uk/player/nol/newsid_7320000/newsid_7321100/7321163.stm?bw=bb&mp=wm&asb=1&news=1&ms3=22&ms_javascript=true&bbcws=2

A supply-side policy to combat graduate unemployment

It looks as though 2009 will be a bad year to graduate with fewer firms recruiting graduates due to the economic downturn. To help graduates gain the skills for employment when the upturn arrives, the BBC reports the government is proposing internships for graduates who can't find employment
http://news.bbc.co.uk/1/hi/uk/7822165.stm

S-cool notes on Supply-side policies

http://s-cool.co.uk/alevel/economics/aggregate-demand-and-aggregate-supply/supply-side-policies.html

Tutor2u notes on Supply-side policies

The “supply-side” refers to factors affecting the quantity or quality of goods and services produced by an economy such as the level of productivity or investment in research and development.
http://tutor2u.net/economics/revision-notes/as-macro-supply-side-policies.html