Explore the Laffer Curve, its historical context, key events, mathematical models, and its importance in economic theory. Learn about its applicability, examples, and related terms.
The Laffer Curve is an economic concept that illustrates the relationship between tax rates and total tax revenue. Initially, increases in tax rates lead to increased revenue, but beyond a certain point, further increases result in decreased revenue.
An in-depth look at supply-side economics, a theory that contends drastic tax reductions will stimulate productive investment to benefit society; championed by Professor Arthur Laffer in the late 1970s.
