History of economic thought voting procedures; he developed the theory with Eric Maskin (1950–) and Roger Myerson (1951–), sharing the 2007 Nobel Economics Prize with them. In 1974 American economist Arthur Laffer formulated the Laffer Curve, which postulates that no tax revenue will be raised at the extreme tax rates of 0% and 100%, and that there must be at least one rate where tax revenue would be a non-zero maximum. This concept was adopted by U.S. President Ronald Reagan in the early 1980s, becoming the cornerstone of Reaganomics, which was co-founded by American economist Paul Craig Roberts. In 1986 French economist Jean Tirole
Larry Laffer when Lowe sent a letter asking his permission for the publication of a program under the title "Laffer Utilities", a Larry spin-off which could potentially confuse the public due to the ambiguous title. Laffer asked his secretary if she knew about the games and she told him that she had played them for years, but never made a connection. Laffer gave the permission and also paid a visit to the Sierra studios. One of Larry's trademarks is his manner of introducing himself: "Hi, my name is Larry; Larry Laffer", a reference to James Bond's introduction style, "My name is Bond;