The Hayek Lifetime Achievement Award 2016 goes to the “Father of Supply Side Economics”, the visionary of a tax policy that promotes entrepreneurship and rewards individual performance: On December 5th 2016, Arthur B. Laffer will be awarded within the framework of a celebration event in the Looshaus (1010 Vienna, Michaelerplatz 3).
Prof. Laffer proved with his Laffer curve why “less is more”. His famous sketch on a paper napkin offered the basis to “Reaganomics”, influenced Margaret Thatcher and is still regarded as the theoretical basis for the calculation of optimal tax rates.
The celebration of the Hayek Lifetime Achievement Award is dedicated again to the Education Project “Next Generation”, which conveys basic economic knowledge. Our next generation must deal with taxes and levies as part of the entrepreneurs’ daily life and must be confronted with their effects on business.
The Hayek Lifetime Achievement Award winners are characterized by outstanding entrepreneurial performance: since 2010 Niall Furgerson, Mario Vargas Llosa, Dambisa Moyo, Leonard Liggio, Deirdre McCloskey, and Peter Thiel have been awarded.
Program and Registration:
Hayek Lifetime Achievement Award 2016: Arthur B. Laffer
The AEC’s fundamental goal is to promote a free, responsible and prosperous society. Through education and improving public understanding of key economic questions, the AEC promotes the idea of a free market economy and the ideal of a free society.