Abstract
The supply or demand economics discussed in this book refers to theories focusing the economic analysis and policies on the supply side or the demand side. The so called “supply economics” and “demand economics” may not be as popular as other terms in economics, but they are used as a basis of the methods and terminology in the following research into “structural reform on the supply side”. In this chapter, we briefly review the theories of both supply and demand economics as well as the development of their branches, aiming to form the theoretical foundation and methodology for the new supply side economics in China. Since the subject of research is “structural reform on the supply side”, this chapter does not cover all that belong to supply and demand economics but the relevant theories and researches, including: (1) supply and demand in market mechanism; (2) basic theories of supply side economics and demand side economics; (3) reflection and transcendence of supply side economics and demand side economics; (4) the studies and discussions in the Chinese economic academia.
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