The Economy in the 1980s: A Program for Growth Stability

by Michael J. Boskin

Overview

In the decade of the 1970s the U.S. economy experienced its worst performance in four decades. Rising U.S. inflation and stagnant productivity growth were responsible for the worst economic performance of any Western country. The institute has published a number of studies on specific economic problems—on energy, planning, health care, tax reform, international trade, and other subjects. This is our first attempt to present an integrated view of the economy as a whole, looking back at serious problems experienced in the 1970s as part of fashioning a systematic statement of what reforms are necessary to restore to the U.S. economy the growth and stability of prior decades.

Product Details

ISBN-13:	9781351318747
Publisher:	Taylor & Francis
Publication date:	01/22/2019
Sold by:	Barnes & Noble
Format:	eBook
Pages:	462
File size:	2 MB

About the Author

Michael J. Boskin

Table of Contents

CONTRIBUTORS vii PREFACE ix 1 U.S. Performance in Historical and International Perspective 1 U.S. Economy at the Crossroads 3 MICHAEL J.BOSKIN II Productivity and Economic Growth 2 Economic Growth and Productivity 23 MICHAEL J. BOSKIN III Problems of Short-Term Economic Stability 3 Inflation: A Perspective from the 1970s 53 JOHN L. SCADDING 4 The Nature of the Contemporary Unemployment Problem 83 JOHN H. PENCAVEL IV Regulation 5 The New Social Regulation: Implications and Alternatives 119 DAVID J.TEECE. V The International Economy 6 The United States and the World Economy 161 JOHN T. CUDDINGTON RONALD I. McKINNON VI The Role of Government in the Economy 7 Federal Government Taxes and Tax Reform 199 JOHN B. SHOVEN 8 State and Local Finance in the 1980s 223 GEORGE F. BREAK 9 Federal Government Spending and Budget Policy 255 MICHAEL J. BOSKIN VII Potential Policy Problems of the 1980s 10 Social Security and Welfare: What We Have, Want, and Can Afford 293 LAURENCE J. KOTLIKOFF 11 Defense Spending and the Uncertain Future 325 HENRY S. ROWEN 12 Energy Problems and Policies 353 JAMES L. SWEENEY 13 Competition and Health Care Costs 393 PATRICIA DRURY ALAIN ENTHOVEN VIII Summary and Conclusion 14 An Overview 421 MICHAEL J. BOSKIN
NOTES 427 REFERENCES 437 ABOUT THE AUTHORS 447 INDEX 451 PUBLICATIONS LIST 457