Arthur Laffer
| Arthur Laffer | |
|---|---|
 |
|
| Born |
Arthur Betz Laffer August 14, 1940 Youngstown, Ohio |
| Nationality | American |
| Field | Political economics |
| School or tradition |
Supply-side economics |
| Alma mater |
Yale University (BA, 1963) Stanford University (PhD, 1971; MBA, 1965) |
| Contributions | Laffer curve |
Yale University (BA, 1963)
Arthur Betz Laffer (/ˈlæfər/; born August 14, 1940) is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–89). 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 governments. He is the author and co-author of many books and newspaper articles, including Supply Side Economics: Financial Decision-Making for the 80s. Laffer is Policy Co-Chairman (with Lawrence "Larry" Kudlow) of the Free Enterprise Fund and serves on the "Board of Scholars" of the American Legislative Exchange Council (ALEC).
Laffer was born in Youngstown, Ohio, the son of Marian Amelia "Molly" (née Betz), a homemaker and politician, and William Gillespie Laffer, a president of the Clevite Corporation. He was raised a Presbyterian. Laffer earned a B.A. in Economics from Yale University (1962) and an M.B.A. (1965) and a Ph.D. in Economics (1971) from Stanford University.
While he was teaching at the USC Marshall School of Business, Laffer played a key role in writing California Proposition 13, the property-tax-cap initiative that inspired a tax revolt across the nation.
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