Laffer curve costs). Although tax policy is often mentioned in relation to supply-side economics, supply-side economists are concerned with all impediments to the supply of goods and services and not just taxation. In their economics textbook "Principles of Economics" (7th edition), economists Karl E. Case of Wellesley College and Ray Fair of Yale University stated "The Laffer curve shows the relationship between tax rates and tax revenues. Supply-side economists use it to argue that it is possible to generate higher revenues by cutting tax rates, but evidence does not appear to support this. The lower tax rates by the Reagan administration decreased
The J Curve (book) The J Curve (book) The J Curve: A New Way to Understand Why Nations Rise and Fall (Simon & Schuster: 2006) is a book by political scientist Ian Bremmer. It was named a "Book of the Year" in 2006 by "The Economist". Bremmer's J Curve describes the relationship between a country's openness and its stability; focusing on the notion that while many countries are stable because they are open (the United States, France, Japan), others are stable because they are closed (North Korea, Cuba, Iraq under Saddam Hussein). According to Bremmer, a government's motivations differ dramatically depending on where they