Hauser's law is often used as supporting evidence for advocates of this diagram, whose name was coined by the author of The Way the World Works.
Hauser's law is often used as supporting evidence for advocates of this diagram, whose name was coined by the author of The Way the World Works. Appearing as early as Ibn Khaldun's Muqaddima, it was proposed by Jude Wanniski while discussing the proposed WIN policy and contains a right half known as the "prohibitive range". This graph typically takes the form of a negatively sloped parabola and was cited as evidence by advocates of supply side economics. At its extremes, it shows that 0 and 100 percent tax rates are equally inefficient. For 10 points, name this curve from economics which graphs the tax rate versus the revenue brought in by the government.
Hauser's law is often used as supporting evidence for advocates of this diagram, whose name was coined by the author of The Way the World Works.
{Laffer} curve