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Robert Mundell, the intellectual father of supply-side economics, is dead at 88 Print this article Famed Columbia University economist Robert Mundell, who popularized the theory of supply-side economics, has died. He was 88. Mundell, a Canadian American, died Saturday morning at his home in Italy. He, along with his close associate Arthur Laffer, developed the school of supply-side economics in the 1970s. They theorized that increasing free trade and lowering taxes and regulations would increase economic growth. Laffer confirmed Mundell s death to the Washington Examiner on Monday morning, as did Columbia. Mundell was diagnosed with cancer earlier this year, and with no good options for long-term treatment, he was brought from the hospital to his Italian home, where he died peacefully, his wife Valerie Natsios Mundell said in a statement. ....