Travels from Tennessee, USA
Arthur Laffer's speaking fee falls within range: $25,000 to $30,000
Dr. 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.” The Laffer Curve is one of the main theoretical constructs of supply-side economics, illustrating the tradeoff between tax rates and actual tax revenues.
Dr. Laffer’s career has been marked by experience and success in business, in public policy, and as an academic economist and professor.
During the years 1972-1977, Dr. Laffer was a consultant to Secretary of the Treasury William Simon, Secretary of Defense Donald 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 under Mr. Shultz from October 1970 to July 1972.
Dr. Art Laffer was a member of President 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 also advised Prime Minister Margaret Thatcher on fiscal policy in the U.K. during the 1980s.
Dr. Laffer 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 1976-1984. 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 1967-1976.
Dr. Laffer has been widely acknowledged for his economic achievements. A March 1999 Time Magazine cover story “The Century’s Greatest Minds” deemed the Laffer Curve one of “a dew advances that powered this extraordinary century.” He was listed in “A Dozen Who Shaped the ‘80s” in the Los Angeles Times on January 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 the Institutional Investor in its July 1992 Silver Anniversary issue, “The Heroes, Villains, Triumphs, Failures and Other Memorable Events.”
He has received numerous awards and recognition for his economic work, including: 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 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.
Economics speaker Art Laffer is the author of a number of books, including the End of Prosperity: How Higher Taxes Will Doom the Economy—If We Let it Happen, which was a nominee for the F.A. Hayek book award in 2009, and most recently Return to Prosperity.
Dr. Laffer received a B.A. in economics from Yale University in 1963. He received an MBA and a PhD in economics from Stanford University in 1965 and 1972, respectively.
Dr. Laffer currently lives in Nashville, Tennessee where he is the founder and chairman of Laffer Associates, an institutional economic research and consulting firm, as well as Laffer Invesments, an institutional investment management firm utilizing diverse investment strategies. The firms provide research and investment management services to a diverse group of clients, which includes institutions, pension funds, corporations, endowments, foundations, individuals and others.
Arthur Laffer counsels the people of Morocco on setting up an economic system that encourages prosperity. He discusses the power of putting positive incentives in play as oppose to negative incentives, claiming that this is the basis of economics. While positive incentives inform people of what they should do, negative incentives tell people what they shouldn’t do. Dr. Laffer points out that we tax people for speeding so they won’t speed, we tax people for smoking so that they won’t smoke, and we tax people for drinking so that they won’t drink. However, why do we tax people for earning money? “No one can be oblivious that when you tax people who earn income, they will stop earning income or reduce the amount of income that they earn,” Dr. Laffer insists. True, some taxation is necessary to run government, but he cautions officials to “collect taxes in the least damaging fashion. All taxes are bad, but some are worse than others.”
Internationally influential economist, Arthur Laffer offers his valued insights on how economic conditions and policies affect your industry. He is frequently called upon by city, state, and national governments to give expert advice on policies and tax plans so that their areas can see healthy economic growth. Dr. Laffer makes the mathematics of economics easy-to-follow with relatable examples and studies that back up his theories.
Dr. Laffer customizes each program. These are just general topic ideas:
The Economic Outlook: Dr. Laffer looks at the current economic environment and offers thoughts on where it′s headed - short term, long term, domestically and globally - with prospects for investments, interest rates and business growth.
Insights on the Economy: Dr. Laffer will compare the current economic policies in place in the United States, and the political happenings that could affect those policies, to the best policies for developing economic growth. He will also provide insight on how the policy environment will affect economic and market performance going forward.
An Economic History of our Nation: Dr. Laffer takes his audiences on a historical tour of the economic policies of our country from a supply-side viewpoint, highlighting that neither good economics nor bad economics is owned by a single party.
Rich States, Poor States: Dr. Laffer discusses the policies which foster economic growth and prosperity in states like Utah, Arizona and Texas, and compares them with those which cause economic malaise in states like California, New York and Michigan. He can also provide a focused update on a particular state.
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