Laffer, Arthur

Laffer, Arthur definition - finance
An economist who argued that reducing marginal personal income tax rates would lead to a rise in government revenues because individuals would be more likely to work harder and longer to generate higher income. His theory is embodied in the Laffer Curve, which contributed significantly to supply-side economics, also known as Reaganomics. See also Laffer Curve.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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