Laffer curve A draft paper by Y. Hsing looking at the United States economy between 1959 and 1991 placed the revenue-maximizing average federal tax rate between 32.67% and 35.21%. A 1981 article published in the "Journal of Political Economy" presented a model integrating empirical data that indicated that the point of maximum tax revenue in Sweden in the 1970s would have been 70%. A 2011 paper by Trabandt and Uhlig published in the "Journal of Monetary Economics" estimated a 70% revenue maximizing rate, and predicted that the US and most European economies were on the left of the Laffer curve (in other
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