Arthur Laffer

Arthur Betz Laffer Sr. ( born August 14, 1940 in Youngstown ) is an American economist. His most famous contribution to the economics discourse is the Laffer curve.

He is representative of a supply-side economics and was from 1981 to 1989 an important member of Ronald Reagan's Economic Policy Advisory Board. Laffer became famous mostly because of the illustration of the relationship between tax rate and tax revenue by means of the Laffer curve in the early 1980s to popularity. This is supposed to have painted the first time at a dinner in 1974 on a napkin. The basic concept has taken the economist of Ibn Khaldun and John Maynard Keynes.

Laffer received his BA in 1963 from Yale University, his MBA in 1965 and his Ph.D. in 1971 from Stanford University.

Laffer is the co- chairman of the Free Enterprise Fund and is a member of ALEC 's Board of Scholars. In Laffers own Laffer Center for Global Economic Growth sitting with Richard Finch (Vice - Chairman) and Wayne Gable (Managing Director) two managers of Koch Industries; the Laffer Center also received from the Charles G. Koch Charitable Foundation Charles G. Koch in 2009, a support of $ 100,000.