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Remembering the Father of Supply-Side Economics

29 days ago   |   By The New Republic

The economist Robert Mundell died on April 4. Although known primarily for his work on international economics-he's popularly known in economic circles as the “ father of the Euro ”-he played a vital role in the creation of what came to be known as supply-side economics: the idea that big tax cuts will so stimulate economic growth that revenues will not fall. Important supply-siders such as Arthur Laffer and Jude Wanniski credited Mundell as the originator of their ideas. And while these ideas have engendered decades of hotly-contested debate, Mundell's foundational work is still very...
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