*noun*; a subdivision of economics that focuses on addressing recessions by stimulating supply, rather than demand. During a recession, supply siders recommend cutting taxes rather than increasing government spending.


"Supply side" is in contrast to traditional practitioners of Keynesianism, "demand siders" who believe the main fiscal policy tool for recessions should be increased government spending.

Both supply siders and demand siders believe the government is responsible for formulating effective fiscal policy during recessions.

The most famous advocate of supply side economics was Arthur Laffer.

When you eat dirt for the first time and leave your family to build a shack in the woods

a macroeconomic theory that deals with the aggregate supplu curve instead of the aggregate demand curve. It is a patch to original Keynesian economics which were not concerned with aggregate supply.