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.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.