Henry George and Supply-Side Economics
Arthur B. Laffer
[A letter to Edward J. Dodson; 1 August, 1983 from
Professor Arthur B. Laffer,
Department of finance and Business Economics, University of Southern
California]
Dear Mr. Dodson:
Your letter to Congressman Kemp was to the point. Given his volume of
mail, he probably had no chance to focus, which is guite
understandable for a man in his position.
I generally prefer a more general verson of Georgian economics --
looking at the efficacy of taxation vis-a-vis supply elasticities and
homogeneity of factor characteristics. George himself derived his land
tax concept from the more general theories. In this light, I enclose
my ellipse piece which is pure Georgian economics.
Thanks for passing on your letter. I appreciate both aspects of the
frustration.
Sincerely, Arthur B. Laffer Charles B. Thornton Professor of Business
Economics ABL:ms P.S. If you would like to see the whole version of
Georgian macro-economics, I recommend my book with Professors Canto
and Jones: The Foundations of Supply-Side Economics, published by
Academic Press.
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