San Francisco, November 6, 2014
Pacific Research Institute Launches New Book — The Pillars of Reaganomics: A Generation of Wisdom from Arthur Laffer and the Supply Side Revolutionaries
Timeless Ideas for a New Congress
The Laffer Center at the Pacific Research Institute (PRI) today launched a new book, The Pillars of Reaganomics: A Generation of Wisdom from Arthur Laffer and the Supply Side Revolutionaries, edited by Brian Domitrovic, Ph.D., senior fellow at the Laffer Center at PRI and chair of the history department of Sam Houston State University. The book is a collection of ten papers dating from 1980 to 2005 produced by Laffer Associates, the research consultancy founded by economist Arthur B. Laffer, widely known as the father of supply-side economics. In addition to Dr. Laffer, the authors of these essays include George Gilder, Warren Brookes, and Bruce Bartlett.
Supply-side economics a combination of tax cuts and a commitment to a strong and stable dollar sustained an economic renaissance that only ended with the Keynesian resurgence in 2008, said Dr. Domitrovic. Remarkably, little of the written output of the giants of the supply-side revolution has been made available to wide audiences. This book is a collection of ten of the greatest hits of Laffer Associates. The issues range from policy recommendations to overcome economic stagnation through tax cuts and a stable value of money; addressing economic inequality; and achieving social security solvency through economic growth many of the same issues the U.S. faces today. This book is a record of the last generations ideas for solving these problems — a manual for how to get out of our economic funk today. We hope that the next Congress will take advantage of this book to guide them in policymaking.