Supply-Side Economics, but for Liberals
'The social safety net is forever at risk of becoming a hammock, to use House Speaker Paul D. Ryan’s memorable metaphor.
That, anyway, is an operating assumption behind much of the discussion of social welfare programs. Economists have often taken it as a given that there is an inherent trade-off in which the larger the social safety net, the fewer people will work.
But what if that framing is backward? Certain social welfare policies, according to an emerging body of research, may actually encourage more people to work and enable them to do so more productively.
That is the conclusion of work that aims to understand in granular detail how different government interventions affect people’s behavior. It amounts to a liberal version of “supply-side economics,” an approach to economics often associated with the conservatives of the Reagan era.'>>>
https://www.nytimes.com/2017/04/15/upshot/supply-side-economics-but-for-liberals.html?