Reagan's domestic policy has been deemed Reaganomics, a form of supply-side economics. ... Supply-side economics, in theory, raises this average income by the following ways. ... The tax cut would reduce that effect, and introduce the benefits of supply-side economics. ... The forth and last major policy change was to cut back on its economic regulations to help businesses. ... Reagan is consistent with his pitiless deregulatory generalities." ...

• Word Count: 3958
• Approx Pages: 16
• Has Bibliography
• Grade Level: High School

Most liberals are enthusiastic about the economics of the free market. ... Liberals argue that trade benefits everyone because it helps people concentrate on what they are best at (the formal version of this argument is the theory of ˜comparative advantage'). ... Globalization has helped to reduce transport and transaction costs so the potential gains from specialization are increased. ... As with liberalism, there is no single Marxist viewpoint, but instead degrees of Marxist variation. Indeed, much anti-globalization writing is not compatible with classical Marxist thought. ...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate