Abstract
Laffer grew up, in Cleveland, in an atmosphere of big business and the pedigree of the American elite. His father was CEO of Clevite, circa the 400th largest public firm in the country. A year off from Yale in Germany introduced him to economics, which he pursued in the Stanford Ph.D. program. His favorite professor in graduate school was the Marxist Paul Baran, who imparted, in the title of one of his books—The Political Economy of Growth—the kind of economics Laffer sought to elaborate throughout his career. Laffer was published in the American Economic Review in graduate school and gained multiple job offers from the top schools in his second full year in the program. He accepted Chicago’s offer.
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