Laffer curve is simplistic in that it assumes a single tax rate and a single labor supply. Actual systems of public finance are more complex, and there is serious doubt about the relevance of considering a single marginal tax rate. In addition, revenue may well be a multivalued function of tax rate; for instance, an increase in tax rate to a certain percentage may not result in the same revenue as a decrease in tax rate to the same percentage (a kind of hysteresis). Furthermore, the Laffer curve does not take explicitly into account the nature of the tax avoidance taking place.
Arthur Laffer children's books along with Michelle A. Balconi. In 2014 they co-wrote "Let’s Chat About Economics." The second title in the series, "Let’s Chat About Democracy", released in late 2017. Laffer also regularly writes opinion articles in "The Wall Street Journal" and "The Washington Times". The following is a partial list of publications written primarily by Laffer, with co-authors indicated, in order by date: Arthur Laffer Arthur Betz Laffer (; born August 14, 1940) is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–89). Laffer is best known for