Rahn Curve

Book excerpt: What is Rahn Curve The Rahn curve is a graph used to illustrate an economic theory, proposed in 1996 by American economist Richard W. Rahn, which suggests that there is a level of government spending that maximizes economic growth. The theory is used by classical liberals to argue for a decrease in overall government spending and taxation. The inverted-U-shaped curve suggests that the optimal level of government spending is 15-25% of GDP. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Rahn curve Chapter 2: Keynesian economics Chapter 3: Microeconomics Chapter 4: Macroeconomics Chapter 5: Neoclassical economics Chapter 6: Tax Chapter 7: IS-LM model Chapter 8: Satisficing Chapter 9: Fiscal policy Chapter 10: Robert Solow Chapter 11: Welfare economics Chapter 12: Tax cut Chapter 13: Allocative efficiency Chapter 14: Optimal foraging theory Chapter 15: Optimum currency area Chapter 16: Neoclassical synthesis Chapter 17: Richard W. Rahn Chapter 18: Laffer curve Chapter 19: Flypaper effect Chapter 20: Economics of science Chapter 21: Optimal labor income taxation (II) Answering the public top questions about rahn curve. (III) Real world examples for the usage of rahn curve in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Rahn Curve.