272 pages Basic Books Publication Date: January 1990 Hardcover ISBN: 0465027504

This title is currently out of print, but online booksellers sometimes have used copies available. See links below.

This book analyzes the effect of the Reagan tax cuts on tax revenues, the budget deficit, inflation, and the economy.

Lawrence B. Lindsey is a visiting fellow at AEI.

"An authoritative argument for the tax cuts of the Reagan years...one of the most cogent and knowledgeable of the supply-side advocates...provides us with what is likely to stand as the most credible and coherent supply-side account of the revolution in U.S. tax policy that triumphed in the 1980s."--Peter Truell, Wall Street Journal

"A rigorously analytical book that refutes [the] objections to lower taxes. Let's hope official Washington reads it and carefully applies its lessons."--Lawrence Kudlow, Fortune

"A spirited supply-sider's defense of Reaganomics . . . [and] a call for radical new tax reform."--Howard Gleckman, Business Week

"A careful and sometimes convincing defense of the 1981 tax cut that put fear and loathing into the heart of the economic establishment. . . . Lindsey is the sort of Reaganite liberals as well as conservatives could learn to work with, if not love. One reason to read The Growth Experiment is to get a look at the best face of supply-side economics."--Peter Passell, New York Times Book Review

"This book adds to the growing evaluation of Ronald Reagan's presidency, particularly in regard to its economic legacy. Lindsey, a former Harvard economics professor who is now associate director of domestic economic policy for the White House's Office of Policy Development, analyzes the 1981 tax cuts and, not surprisingly, argues that the economic impact of the cuts is positive and long-lasting. He sets forth an exhaustive examination of how the tax cuts legitimized supply-side expectations--lower tax rates, he says, provided the incentive for people to work longer hours in order to save, spend, or invest the increased earnings. This book will be useful for specialists and scholars."--Scott Hill, University of California, Davis