ABSTRACT
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.
TABLE OF CONTENTS
part I|1 pages
U.S. Performance in Historical and International Perspective
part II|1 pages
Productivity and Economic Growth
part III|1 pages
Problems of Short-Term Economic Stability
part IV|1 pages
Regulation
part V|1 pages
The International Economy
part VI|1 pages
The Role of Government in the Economy
part VII|1 pages
Potential Policy Problems of the 1980s
part VIII|1 pages
Summary and Conclusion