The sharp decline in U.S. productivity growth in the 1970s has
brought about a renewed interest in economic policies to expand
aggregate supply. Particular importance has been given to the role
played by government intervention in the form of taxes, transfer
payments, and regulation. This volume asks just what is known about
the effect of government policy on the productive capacity of the
nation. It also looks at the role played by capital formation,
technological change, and the quality of the work force.
General
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