To illustrate his point, Arthur grabbed a pen and a cloth cocktail napkin and drew a chart showing that when tax rates get too high, they penalize work and investment and can lead to revenue losses for the government. This rough diagram later became known as the Laffer Curve. The Laffer C...
Legitimizing Napkin Drawing: The Curious Dispersion of Laffer Curves, 1978–2008Laffer curvevisual representationresearch disseminationhistory of recent economicsThe purpose of this chapter is to provide a historical account of the Laffer curve as a case study of dispersion. It seems to be an ideal ...
Economics,Laffer Curve,Marginal Tax Rate,Supply-side economics,Taxation, taggedEconomics,Laffer Curve,Marginal Tax Rate,Supply-side economics,Taxationon October 9, 2024|9 Comments » Some folks on the left say theLaffer Curveis a fantasy concocted by economic charlatans. Some folks on the right ...
FOX Business host Larry Kudlow unveils the 'wonder of the Laffer curve' on 'Kudlow.' The Nobel Prize foreconomicswill be awarded next week. The clear winner — and it's high time — should be Art Laffer. If you ever needed more evidence that the Laffer curve, drawn on a napkin by Dr...
Understanding the Laffer Curve American economist Arthur Laffer developed abell-curveanalysis in 1974 that plotted the relationship between changes in the government tax rate and tax receipts. The analysis is known as the Laffer curve. It suggests that taxes could be too low or too high to produce...
It was during this period that Laffer in 1974 sketched his now-famous curve for former journalist Jude Wanniski and an aide to President Gerald R. Ford on a cocktail napkin in a Washington restaurant. “He just scribbled it out,” Wanniski recalled, “and I thought it was a useful device...
Define Arthur Laffer. Arthur Laffer synonyms, Arthur Laffer pronunciation, Arthur Laffer translation, English dictionary definition of Arthur Laffer. Noun 1. Arthur Laffer - United States economist who proposed the Laffer curve Laffer Based on WordNet 3.
On a napkin in a Washington restaurant in 1974, Arthur Laffer famously drew his hump-shaped curve showing tax revenue as a function of the tax rate (see Figure 1). Revenue is zero both when the tax rate is zero and when the tax rate is 100 per cent or more. In between must be ...
Laffer curvevisual representationresearch disseminationhistory of recent economicsThe Laffer curve is a graphical representation of how government revenues vary with the level of taxation. Allegedly, it was first drawn on a cocktail napkin bySocial Science Electronic Publishing...
Included in the model he elaborated was the tax-rate, tax-revenue curve, the "Laffer curve," he later produced on a napkin鈥攁ccording to his friend journalist Jude Wanniski. Here is reproduced the earliest version of the Laffer curve per se ever adduced in scholarship, from Laffer's ...