The theme that the transcendentialists focused on in their writings is the idea that all people are able to 'transcend' into his full potential or actualizing potential if he wants to. They pointed out that all people strive and are motivated to actualize their full potential.
Southerners is probably the best answer, but one would need more context.
Reagan's economic policy were to reduce the growth of government spending, reduce the federal income tax and capital gains tax, reduce government regulation, and tighten the money supply in order to reduce inflation.
It was never seriously considered. It was not used because it would have been to hard, as there was many failed attempts at it before.