The Laffer Curve: Theory and Practice - 5249

The Laffer Curve is an illustration of a theory showing that there exists some optimal tax rate (t*) which maximizes tax revenue collected. Taxes above the optimal tax rate (t*) discourages savings, consumption, and investment hence resulting in lower revenue collected. The most startling implication of the Laffer Curve is that cuts to high taxes can stimulate the economy without leading to budget deficits. Indeed, tax revenue collected may increase. The Laffer Curve is a key to the policies of supply side economics. This little book describes the legendary story of the introduction of the Laffer Curve to federal government policy makers in 1974 by its originator, American economist Arthur Laffer, Ph.D. The theory is described and empirical evidence for the curve discussed. The text is written in clear and accessible language for the non-specialist. ~ From the Introduction
ASIN: B0BHTRBT7V
VSKU: BVV.B0BHTRBT7V.VG
Condition: Very Good
Author/Artist:Blackburne, H.R.
Binding: Paperback