The Laffer Curve, Part 3
3 Pages Posted: 2 Oct 2012
Date Written: October 1, 2012
This article, the third of three, examines the historical origins of the Laffer Curve in the 20th century through the 1970s. It notes that Treasury Secretary Andrew Mellon often invoked Laffer Curve arguments in the 1920s. In the 1930s, economists John Maynard Keynes and Joseph Schumpeter made such arguments. In the 1960s, John F. Kennedy used the Laffer Curve to justify his 1963 tax proposal.
Keywords: Laffer Curve, Andrew Mellon, John Maynard Keynes, Joseph Schumpeter, John F. Kennedy
JEL Classification: H20
Suggested Citation: Suggested Citation