Arthur B. Laffer

Arthur B. Laffer

Born: 1940.

Biography

Arthur Laffer received a B.A. in economics from Yale University in 1963. He received a MBA and a Ph.D. in economics from Stanford University in 1965 and 1971 respectively.

Arthur Laffer's economic acumen and influence in triggering a world-wide tax-cutting movement in the 1980s have earned him the distinction in many publications as 'The Father of Supply-Side Economics'. One of his earliest successes in shaping public policy was his involvement in Proposition 13, the groundbreaking California initiative that drastically cut property taxes in the state in 1978.

Arthur Laffer was a member of President Ronald Reagan's Economic Policy Advisory Board for both of his two terms (1981-1989). He was a member of the Executive Committee of the Reagan/Bush Finance Committee in 1984 and was a founding member of the Reagan Executive Advisory Committee for the presidential race of 1980.

He was formerly the Distinguished University Professor at Pepperdine University and a member of the Pepperdine Board of Directors. He also held the status as the Charles B. Thornton Professor of Business Economics at the University of Southern California from 1976 to 1984. He was an Associate Professor of Business Economics at the University of Chicago from 1970 to 1976 and a member of the Chicago faculty from 1967 through 1976.

During the years 1972 to 1977, Dr. Laffer was a consultant to Secretary of the Treasury William Simon, Secretary of Defense Don Rumsfeld and Secretary of the Treasury George Shultz. He was the first to hold the title of Chief Economist at the Office of Management and Budget (OMB) under Mr. Shultz from October 1970 to July 1972.

Arthur Laffer has been widely acknowledged for his economic achievements. He was noted in Time Magazine's March 29, 1999, cover story "The Century's Greatest Minds" for inventing the Laffer Curve, which it deemed one of "a few of the advances that powered this extraordinary century". He was listed in "A Dozen Who Shaped the '80s," in the Los Angeles Times on Jan. 1, 1990, and in "A Gallery of the Greatest People Who Influenced Our Daily Business," in the Wall Street Journal on June 23, 1989. His creation of the Laffer Curve was deemed a "memorable event" in financial history by Institutional Investor in its July 1992 Silver Anniversary issue, "The Heroes, Villains, Triumphs, Failures and Other Memorable Events."

The awards that Dr. Laffer has received for his economic work include: two Graham and Dodd Awards from the Financial Analyst Federation for outstanding feature articles published in the Financial Analysts Journal; the Distinguished Service Award by the National Association of Investment Clubs; the Adam Smith Award for his insights and contributions to the Wealth of Nations; and the Daniel Webster Award for public speaking by the International Platform Association. Dr. Laffer also earned the Father of the Year award from the West Coast Father's Day Committee in 1983.

Major Works of Arthur B. Laffer

- A Monetary Agenda for World Growth with Jack Kemp, Robert Mundell, and George Shultz, 1983
- A Proposal for reforming the social security system, 1976
- The Economics of the Tax Revolt: A Reader with Jan P. Seymour Laffer, 1979
- The End of Prosperity: How Higher Taxes Will Doom the Economy--If We Let It Happen with Stephen Moore, and Peter Tanous, 2008
- The Financial Analyst's Guide to Monetary Policy with Victor A. Canto and Charles W. Kadlec, 1986
- Future American Energy Policy with Meredith S. Crist, 1982
- How to Profit from Supply Side Economics, 1986
- International economics in an integrated world, 1982
- Investment Strategy and State and Local Economic Policy with Victor A. Canto and Robert I. Webb, 1992
- Strategy and State and Local Economic Policy with Victor A. Canto and Robert I. Webb, 1992
- Monetary Policy, Taxation, and International Investment Strategy with Victor A. Canto, 1990
- Pay to the Order of Puerto Rico: The Cost of Dependence with Alexander Odishelidze, 2004
- Phenomenon of World-wide Inflation with D.I. Meiselman, 1987
- The Private Equity Edge: How Private Equity Players and the World's Top Companies Build Value and Wealth with William Hass, and IV,Shepherd G. Pryor, 2009
- Private short-term capital flows (Business economics and finance ; v. 5), 1975
- Supply-Side Portfolio Strategies with Victor A. Canto, 1988
- The tightening grip of the poverty trap (Policy analysis), 1984

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