The Early Laffer Curve, 1974

This is a series of documents recently discovered in Arthur Laffer’s archive. The documents include perhaps the original rendering of the Laffer Curve—made prior to or just contemporaneous with the napkin sketch of circa late 1974.

This series of 32 documents is in the order in which it was discovered in the archive. The first page is of the Laffer curve, derived from the graph an equations above it. The subsequent pages include various extrapolations from this first page, the development of a model, lecture notes, and doodles.