Why Mundell Won The Nobel
The core of the Reagan Revolution of the 1980s was the idea that cutting taxes would stimulate the economy by restoring people's incentives to work and invest. Big tax cuts, President Reagan argued, would actually increase government revenues in the long run. Reagan learned his supply-side economics from the likes of Jack Kemp, Jude Wanniski, and Arthur B. Laffer. They, in turn, took their inspiration from a Canadian-born economist at Columbia University named Robert A. Mundell.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.