Dr. Arthur B. Laffer
Chairman, Laffer Associates
Dr. Arthur B. Laffer’s career has been marked by experience and success in business, in public policy, and as an academic economist and professor. Dr. Laffer joined 1st Global in 2010 as an economic advisor to the 1st Global Investment Committee and as a consultant to the company’s executive management. Dr. Laffer provides commentary and analysis regarding the current economic environment and its real-world business and market implications. Dr. Laffer consults with 1st Global management to evaluate the impact of regulatory and federal tax policy changes on business and global capital markets.
Laffer's economic acumen and influence in triggering a world-wide tax-cutting movement in the 1980s earned him the distinction in many publications as "The Father of Supply-Side Economics." He is also known for the Laffer Curve, an illustration of taxable income elasticity which asserts that, in certain situations, a decrease in tax rates could result in an increase in tax revenues. This discovery was recently included in Bloomberg-BusinessWeek’s list of 85 disruptive ideas that changed the course of history during the magazine’s existence. Dr. Laffer is the founder and chairman of Laffer Associates, an economic research firm that provides global investment-research services to institutional asset managers, pension funds, financial institutions, and corporations. Laffer was a member of President Reagan's Economic Policy Advisory Board for both of his two terms (1981-1989), 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 United Kingdom during the 1980s.