Arthur Laffer
American economist (1940-) / From Wikipedia, the free encyclopedia
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Arthur Betz Laffer (/ˈlæfər/;[1] born August 14, 1940) is an American economist and author who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–1989). Laffer is best 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 government. In certain circumstances, this would allow governments to cut taxes, and simultaneously increase revenue and economic growth.
Arthur Laffer | |
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Born | Arthur Betz Laffer (1940-08-14) August 14, 1940 (age 83) Youngstown, Ohio, U.S. |
Education | Yale University (BA) Stanford University (MBA, PhD) |
Academic career | |
Field | Political economics |
School or tradition | Supply-side economics |
Doctoral advisor | Ronald McKinnon |
Contributions | Laffer curve |
Awards | Presidential Medal of Freedom (2019) |
Laffer was an economic advisor to Donald Trump's 2016 presidential campaign.[2] In 2019, President Trump awarded Laffer with the Presidential Medal of Freedom for his contributions in the field of economics.[3]