The Economist – Arthur Laffer

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Student’s Name Instructor’s Name Course Date Arthur Laffer Review Arthur Laffer is regarded as the father of Supply-side Economics. Laffer was born in Youngstown, Ohio in 1940 and graduated in the year 1962 with a B.A in Economics from Yale University. Later, he took his masters studies and subsequently his Ph.D. at Standford University where he graduated with M.B.A and Ph.D. in the year 1965 and 1971 respectively. Arthur came to prominence during the two terms of President Ronald Regan where he served as a member of the Economic Policy Advisory Board. Laffer was also Prime Minister Thatcher’s advisor on the UK’s fiscal policy. Currently, Arthur serves as chairman of his economic consultancy, Laffer Associates which is Tennessee-based and also sits on the ALEC Board of Scholars. Achievements Laffer had a significant influence on the US economy in the 1980s after having been the leading player in Reagan’s economic policy decisions as seen by the trust Reagan had bestowed on him. He served in Reagan’s Advisory Board for the two terms of his presidency i.e. from 1981 to 1989. Arthur was also in Reagan’s Finance Committee as an executive committee member and also served on Regan’s advisory committee for the 1980 presidential race in an administrative role. Arthur has been widely recognized in the US for his economic achievements and for shaping the modern economic views. To start with, he was listed in the Wall Street Journal in 1989 as one of the greatest people who influenced the Country’s daily business. Laffer also appeared in the 1999 Time Magazine Cover in a cover story that regarded him as one of the “century’s greatest minds.” The

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