American Living Standards by Robert E Litan

American Living Standards by Robert E Litan

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Summary

Contends that the central problem of the U.S. economy has been for some years now, and for the foreseeable future will continue to be, the slowdown in the growth of living standards. This decline began in the early 1970s, was masked by a resort to overseas borrowing in the early 1980s, and now threatens to get worse in the years immediately ahead as the foreign debt bills come due.

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American Living Standards by Robert E Litan

American Living Standards contends that the central problem of the U.S. economy has been for some years now, and for the foreseeable future will continue to be, the slowdown in the growth of living standards. This decline began in the early 1970s, was masked by a resort to overseas borrowing in the early 1980s, and now threatens to get worse in the years immediately ahead as the foreign debt bills come due. The editors and contributes to this volume seek to advance our understanding of the causes and consequences of this potential slowdown in the growth of living standards. Equally important, the book examines what policy measure holds out the best hope for presenting, or at the very least, minimizing this slowdown. Various chapters explore the changes in the level and distribution of incomes that have occurred in recent years; changes in the quality and distribution of jobs among industries and regions; what economists do and do not know about recent trends in productivity growth and in the quality of education; and what events could trigger a recession.

Robert E. Litan is a senior fellow in Economic Studies at the Brookings Institution and the Kauffman Foundation's vice president for research and policy. Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity (Yale University Press, 2007) is one of his many publications. Carl J. Baumol and Carl J. Baumol

SKU Unavailable
ISBN 13 9780815752738
ISBN 10 0815752733
Title American Living Standards
Author Robert E Litan
Condition Unavailable
Binding Type Paperback
Publisher Rowman & Littlefield
Year published 1988-11-30
Number of pages 266
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note Unavailable