dipity

A timeline of the philosophies that led to Reaganomics

Created by db2882 on Nov 9, 2010

Last updated: 11/11/10 at 09:25 AM

• Arthur Laffer
  1940

  One of the members of Reagan's Economic Policy Advisory Board, Laffer popularized the Laffer Curve

• John Keynes
  Jul 1, 1883

  John Keynes was a British economist who believed government should be involved in monetary and fiscal policy.

• Andrew Mellon
  Jul 1, 1855

  Andrew Mellon, a Secretary of the Treasury from 1921-1932, took similar step as Reagan to reduce federal debt from World War 1.

• Adam Smith
  Jul 1, 1723

  Adam Smith was a Scottish philosopher and economist who strongly believed in the free market.

• Ibn Khaldun
  Jul 1, 1332

  A fourteenth century North African philosopher named Ibn Khaldun first wrote about the effect of taxes on empires.