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Reaganomics (B2, E6)<br />An application of SUPPLY-SIDE ECONOMICS to the running of the US economy in the 1980s that attempted to stimulate the economy. The policies it advocated included the reduction of taxes, of governmental regulation of business, of governmental interference in the market and a switch in federal expenditure so that more was spent on defence and less on social programmes. Reaganomics were forcefully expounded by the US COUNCIL OF ECONOMIC ADVISERS in the Economic Report of the President to the Congress of February 1982.<br /><em>See also:</em> Thatcherism <br /><em>Reference</em><br />Baskin, M. (1989) Reagan and the Economy, San Francisco: Institute for Contemporary Studies.<br /> Niskanen, WA. (1988) Reaganomics: An Insider's Account of the Policies and the People, New York: Oxford University Press.
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<strong>MASFAP</strong> – Missouri Association of Student Financial Aid Personnel. May be found on the world wide web at
www.masfap.org.
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