Larry Kudlow Affairs, where he studied politics and economics. He left before completing his master's degree. In 1987, Kudlow was hired by Bear Stearns as its chief economist and senior managing director. Kudlow also served as an economic counsel to A. B. Laffer & Associates, the San Diego, California, company owned by Arthur Laffer, a major supply-side economist and promoter of the "Laffer curve", an economic measure of the relationship between tax levels and government revenue. Kudlow was fired from Bear Stearns in the mid-1990s due to his cocaine addiction. He was a member of the board of directors of Empower America,
From each according to his ability, to each according to his needs life but life's prime want". Marx explained his belief that, in such a society, each person would be motivated to work for the good of society despite the absence of a social mechanism "compelling" them to work, because work would have become a pleasurable and creative activity. Marx intended the initial part of his slogan, "from each according to his ability" to suggest not merely that each person should work as hard as they can, but that each person should best develop their particular talents. Claiming themselves to be at a "lower stage of communism" (i.e. "socialism", in line with