In the 1980s, supply-side economics became a rallying cry of conservative politicians. This macroeconomic theory posits that lower taxes and decreased regulation can lead to economic growth, helping everyone on the income ladder as benefits to the rich “trickle down” to those less well-off.
Monica Prasad joins Julian Zelizer and Sam Wang in this episode to discuss her new book, “Starving the Beast: Ronald Reagan and the Tax Cut Revolution.” Referencing archival documents from the Regan Library in Simi Valley, California, the book investigates President Ronald Reagan’s 1981 supply-side tax cut, offering a new understanding of how it has influenced today’s political landscape and what the true motivators are for the most recent round of tax cuts.
Prasad is a professor of sociology and director of graduate studies at Northwestern University. Her previous books include “The Land of Too Much,” “The Politics of Free Markets” and “The New Fiscal Sociology.”
ABOUT THE HOSTS
Wang is a professor at Princeton University, appointed in neuroscience with affiliate appointments in the Program in Law and Public Affairs and the Center for Information Technology Policy. An alumnus of Caltech, where he received a B.S. with honors in physics, he went on to earn a Ph.D. in neuroscience from the Stanford University School of Medicine. He conducted postdoctoral research at Duke University Medical Center and at Bell Labs Lucent Technologies. He has also worked on science and education policy for the U.S. Senate Committee on Labor and Human Resources. He is noted for his application of data analytics and poll aggregation to American politics. He is leading an effort at the Princeton Gerrymandering Project to build a 50-state data resource for legislative-quality citizen redistricting. His work to define a state-level legal theory to limit partisan gerrymandering recently won Common Cause’s Gerrymandering Standard Writing Contest. His neuroscience research concerns how the brain learns from sensory experience in early life, adulthood and autism.
Zelizer has been among the pioneers in the revival of American political history. He is the Malcolm Stevenson Forbes, Class of 1941 Professor of History and Public Affairs at Princeton University and a CNN political analyst. He has written more than 900 op-eds, including his popular weekly column for CNN.com and The Atlantic. This year, he is the distinguished senior fellow at the New York Historical Society, where he is writing a biography of Rabbi Abraham Joshua Heschel for Yale University's Jewish Lives Series. He is the author and editor of more than 19 books including, “The Fierce Urgency of Now: Lyndon Johnson, Congress, and the Battle for the Great Society,” the winner of the D.B. Hardeman Prize for the Best Book on Congress. In January 2019, Norton published his new book, co-authored with Kevin Kruse, “Fault Lines: A History of the United States Since 1974.” In spring 2020, Penguin Press will publish his other book, “Burning Down the House: Newt Gingrich, The Fall of a Speaker, and the Rise of the New Republican Party.” He has received fellowships from the Brookings Institution, the Guggenheim Foundation, the Russell Sage Foundation and New America.