Theoretical Sources and Contains of Supply-Side Economy

The article presents the theoretical concept of "supply-side economics ", which at the turn of the seventies and the eighties created a new paradigm of non-Marxist economy terminating an almost halfa c entury long domination of Keynesian concepts in the economic policy of most capitalist states. The author focusses his attention on presentation of the main theoretical theses of "supply-sid e eoonomics" and seeks their sources in the liberal tradition of the political economy. In particular, he points at strong affiliations of "supply-side economic" with the scientific output of 19th century's liberals - A. Smith, D. Ricardo, and J. B. Say, with the writings of the marginal school , and with the works of A. Marshall - a leading representative of the Neoclassical school of economics