Broadsides from the Supply Side

Two provocative books examine the roots of poverty and prosperity

To hear critics tell it, supply-side economics, and thus Reaganomics, originated in a faraway jungle where voodoo is in vogue. Supply-side theory, which emphasizes the importance of tax cuts in stimulating economic growth, actually sprang forth from leading universities like Columbia, and has been refined at several respected think tanks. One of these is the Manhattan Institute for Policy Research. Two of the institute's scholars, Charles Murray and George Gilder, have written new books that are already stirring as much comment and controversy as the original supply-side ideas.

One charge often leveled...

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