[t]hat you, this man, this liar, Arthur Laffer, supports,” the leftist agitator began. As a result of Dr. Laffer’s economic insight and influence in starting a worldwide tax cutting movement during the 1980s, many publications have named him “The Father of Supply Side Economics.” Laffer’s theory, and the evidence subsequently gathered by others, caused economists to examine more closely the incentive effect of taxes.
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Arthur Laffer, in full Arthur Betz Laffer, (born August 14, 1940, Youngstown, Ohio, U.S.), American economist who propounded the idea that lowering tax rates could result in higher revenues. Following the end of the war, it was the start of the Baby Boomer years and technology advancements such as the jet engine, nuclear fusion, radar, rocket technology and others later became the starting points for Space Exploration and Improved Air Travel.
The following is a partial list of publications written primarily by Laffer, with co-authors indicated, in order by date: Rowdy and aggressive activists shut down a speech Monday night at the State University of New York at Binghamton by the famed “father of supply-side economics” Arthur Laffer… Laffer has written two children's books with Michelle A. Balconi: "Let’s Chat About Economics" (2014) and "Let’s Chat About Democracy" (2017).Analyzing the Economic and Budgetary Effects of a 10 Percent Cut in Income Tax Rates, Congressional Budget Office, December 1, 2005: Laffer was born in Youngstown, Ohio, the son of Marian Amelia "Molly" (née Betz), a homemaker and politician, and William Gillespie Laffer, president of the Clevite Corporation. Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. Laffer worked as a political consultant while teaching at the
He was raised in the Cleveland, Ohio area.
By signing up for this email, you are agreeing to news, offers, and information from Encyclopaedia Britannica.Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. A very strong case could be made that the most influential economist in the world in recent decades has been Arthur Laffer. The early 1940s were dominated by World War II. Childhood. in economics from Yale University (1963) and an M.B.A. (1965) and a Ph.D. in economics (1972) from Stanford University. Laffer believed that conditions were right for cuts in tax rates that he predicted would increase tax revenues.
Our editors will review what you’ve submitted and determine whether to revise the article.The real controversy was not the theory but rather where the American economy stood on the Laffer curve.
Office of Management and Budget (OMB), agency of the U.S. federal government (executive branch). This article was most recently revised and updated by Laffer was an Associate Professor of Business Economics at the Laffer was the first to hold the title of Chief Economist at the In 2020, Laffer advised the Trump administration on how to re-open the economy amid the coronavirus pandemic.On May 31, 2019, The White House announced that President Numerous leading economists have rejected the view that a tax rate cut of current federal Awards that Laffer has received for his economic work: Get kids back-to-school ready with Expedition: Learn! Arthur Laffer was born in 1940s.
U.S. Pres.
ALBANY — Arthur Laffer was 11 seconds into his speech when the shouting started. Laffer has been widely acknowledged for his economic influence, including:
It assists the president in preparing the federal budget and in supervising the budget’s administration in executive agencies. Arthur B. Laffer is the founder and chairman of Laffer Associates, an economic research and consulting firm. His theory on taxes influenced U.S. economic policy in the 1980s. History at your fingertips VIDEO: Unruly campus activists shut down speech by ‘father of supply-side economics’ Arthur Laffer Laffer earned a B.A. Laffer studied economics at Yale University (B.A., 1963) and international economics at Stanford University (M.B.A., 1965; Ph.D., 1972). He is a Presbyterian, and graduated from Cleveland's University School high school in 1958.
Rise to fame - as a member of Reagan's Economic Policy Advisory Board (1981–89) ; Known for the Laffer curve, an illustration of the theory that there exists some tax rate between 0% and 100% that will result in maximum tax revenue for governments ; Author and co-author of many books and newspaper articles, including Supply Side Economics: Financial Decision-Making for the 80s He proved to be wrong about the U.S. economy as a whole but right about a small group of Americans earning more than $200,000 a year and paying, at the time he wrote, a top marginal tax rate of between 50 and 70 percent. Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree....