6th Edition, www.alec.org/rsps
By Arthur B. Laffer, Stephen Moore and Jonathan Williams
All across the nation, states are looking for ways to boost their economies and become more economically competitive. Each state confronts this task with a set of policy decisions unique to their own situation. However, not all state policies lead to economic prosperity and while some states achieve economic prosperity, others continue to struggle in their efforts to revive their economies.
Fortunately, the United States, with its “50 laboratories of democracy,” provides us with empirical evidence to track exactly which policies lead to economic prosperity and which fail to deliver. Rich States, Poor States is an annual economic competiveness study authored by Dr. Arthur Laffer, Stephen Moore of the Wall Street Journal, and Jonathan Williams, Director of the Tax and Fiscal Policy Task Force at the American Legislative Exchange Council.
Armed with years of economic data and empirical evidence from each state, the authors identify which policies can truly lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy. The economic outlook ranking is a forward-looking measure of how each state can expect to perform economically based on 15 policy areas that have proven, over time, to mean greater economic success.