I will pay for the following essay Comparing Ibn khaldun ecnomics theory with laffer curve, Taxation. The essay is to be 10 pages with three to five sources, with in-text citations and a reference page.
Ibn Khaldun appears as a forerunner of the prominent American economist Arthur Laffer whose suggestion complements that high rates contract the tax base since decrease the economic activity (Ibn et al. 1969).
According to Laffer, the relationship amid tax and revenues is that changes in taxes have effects on profits. Ibn Khaldun’s concepts are comparable to those of supply economics that emphasizes incentives and tax reduction as a way of economic development. Ibn Khalduns’ taxation theory is considered a unique and one of his most significant contributions to the economic policy. His tax theory has cemented a place in the world of economics. The paper attempts to table experimental evidence that can support and fortify his tax theory. It similarly introduces Ibn Khaldun’s exemplary work Muqaddimah as well as economic ideologies seen in his work. On another account, the essay seeks to examine Ibn Khalduns’s theory and the Laffer curve comparatively.