Dr. Arthur Laffer serves as an Advisory Partner.
Dr. Laffer is the founder and chairman of Laffer Associates, an economic research and consulting firm. Dr. Laffer’s economic acumen and influence in triggering a world-wide tax-cutting movement in the 1980s have earned him the distinction in many publications as “The Father of Supply-Side Economics.” One of his earliest successes in shaping public policy was his involvement in Proposition 13, the groundbreaking California initiative that drastically cut property taxes in the state in 1978.
Dr. Laffer was a member of President Reagan’s Economic Policy Advisory Board for both of his two terms (1981-1989). He was 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 UK during the 1980s.
He was formerly the Distinguished University Professor at Pepperdine University and a member of the Pepperdine Board of Directors. He also held the status as the Charles B. Thornton Professor of Business Economics at the University of Southern California from 1976 to 1984. He was an Associate Professor of Business Economics at the University of Chicago from 1970 to 1976 and a member of the Chicago faculty from 1967 through 1976.
During the years 1972 to 1977, Dr. Laffer was a consultant to Secretary of the Treasury William Simon, Secretary of Defense Don Rumsfeld and Secretary of the Treasury George Shultz. He was the first to hold the title of Chief Economist at the Office of Management and Budget (OMB) under Mr. Shultz from October 1970 to July 1972.
The awards that Dr. Laffer has received for his economic work include: two Graham and Dodd Awards from the Financial Analyst Federation for outstanding feature articles published in the Financial Analysts Journal; the Distinguished Service Award by the National Association of Investment Clubs; the 2019 Adam Smith Award given annually by the National Association of Business Economists; the Daniel Webster Award for public speaking by the International Platform Association; and the Prof. Hans Möller Medaille from the University of Munich Alumni Association. In addition, Dr. Laffer earned the Father of the Year award from the West Coast Father’s Day Committee in 1983 and was awarded the Hayek Lifetime Achievement Award in 2016. In December 2017, Dr. Laffer became the first recipient of the American Legislative Exchange Council’s Laffer Award for Economic Excellence, and in 2019 he received the inaugural Paul Kangas Award for Innovation from South Florida Public Broadcasting Service.
In June 2019, Dr. Laffer was awarded the Presidential Medal of Freedom by President Donald Trump.
Years of experience and success in advising on a governmental level have distinguished Dr. Laffer in the business community as well. He sits on the board of directors or advisors of AML RightSource, ARK Investment Management, Armor Concepts, BelHealth Investment Partners, Gemini Bio, GoodCell, Gridiron Capital, NexPoint Real Estate Finance, NexPoint Residential Trust, Precision Diagnostics, Preverity, Tenth Avenue Holdings, The Service Companies, VerifyMe, VineBrook Homes Trust and others.
Dr. Laffer received a B.A. in economics from Yale University in 1963. He received an MBA and a Ph.D. in economics from Stanford University in 1965 and 1972, respectively.