U.S. Investment Trends and Their Impact on the Economy, Finance, Growth (1990)

Michael Jay Boskin (born September 23, 1945) is the T. M. Friedman Professor of Economics and senior fellow at Stanford University's Hoover Institution. He also is Chief Executive Officer and President of Boskin & Co., an economic consulting company. Boskin holds B.A. with highest honors, M.A., and Ph.D. degrees in economics from the University of California, Berkeley, earned in 1967, 1968, and 1971 respectively. He is a member of Phi Beta Kappa.[3] He joined Stanford University in 1970. He is a Research Associate, National Bureau of Economic Research.[3] In government he is best known for serving as chair of the Council of Economic Advisors under George H. W. Bush and as Chairman of a Congressional Advisory Commission on the Consumer Price Index.[4] That commission, known as the Boskin Commission, is controversial for introducing changes into the calculation of the Consumer Price Index that some critics believe make the index report inflation as lower than it actually is. Boskin was credited as having written the "worst op-ed in history" for his March 6, 2009 Wall Street Journal article "Obama's Radicalism Is Killing the Dow" by the Washington Post WonkBlog. In that article, Boskin ignored the months-long financial crisis, and blamed newly inaugurated President Obama for the dropping Dow Jones Industrial Average. The Dow average instead rose dramatically during the first six years of President Obama's administration.[5] Boskin has been a director of Exxon Mobil since 1996. He is also a director of Oracle Corporation, Shinsei Bank, and Vodafone Group plc (1999–2008). He serves on the Commerce Department's Advisory Committee on the National Income and Product Accounts. Boskin is the recipient of the Adam Smith Prize and other professional awards.[6] According to Patrick Buchanan, in Death of American Manufacturing, Boskin was sanguine about the transfer of United States manufacturing overseas. Publications[edit] Too Many Promises: The Uncertain Future of Social Security, 1986. Too Many Promises: The Uncertain Future of Social Security, Dow-Jones-Irwin, 1986. Reagan and the Economy: Successes, Failures, Unfinished Agenda, Institute for Contemporary Studies, 1987. The Economic Report of the President, with R. Schmalensee and J. Taylor, United States Government Printing Office, 1990. The Economic Report of the President, with R. Schmalensee and J. Taylor, United States Government Printing Office, 1991. The Economic Report of the President, with D. Bradford and P. Wonnacott, United States Government Printing Office, 1992. The Economic Report of the President, with D. Bradford and P. Wonnacott, United States Government Printing Office, 1993. Books edited[edit] The Crisis in Social Security, Institute for Contemporary Studies, 1977 (editor). Federal Tax Reform, Institute for Contemporary Studies, 1978 (editor). Economics and Human Welfare: Essays in Honor of Tibor Scitovsky, Academic Press, 1979 (editor). The Economics of Taxation, with H. Aaron, Brookings, 1980 (editor). The Economy in the 1980s: A Program for Stability and Growth, Institute for Contemporary Studies, 1980 (editor). The Federal Budget: Economics and Politics, with A. Wildavsky, Institute for Contemporary Studies, 1982 (editor). Private Saving and Public Debt, with J. Flemming and S. Gorini, Basil Blackwell, 1986 (editor). Modern Developments in Public Finance, Basil Blackwell, 1987 (editor). Economics of Public Debt, with K. Arrow, MacMillan, 1988 (editor). Frontiers of Tax Reform, Hoover Institution Press, 1996 (editor). Journal articles[edit] "The Negative Income Tax and the Supply of Work Effort," National Tax Journal,December 1967, (undergraduate senior honors thesis). "The Effects of Taxes on the Supply of Labor: With Special Reference to Income Maintenance Programs," National Tax Association Papers and Proceedings, 1971. "Unions and Relative Real Wages," American Economic Review, June 1972. "Local Government Tax and Product Competition and the Optimal Provision of Public Goods," Journal of Political Economy, January 1973. "Economics of the Labor Supply," in G. Cain and H. Watts, eds., Labor Supply and Income Maintenance, Rand McNally, 1973. "Theoretical Models of Local Government Finance," Proceedings of the 26th Congress of the International Institute of Public Finance, 1973. "A Conditional Logic Model of Occupational Choice," Journal of Political Economy, March 1974. "The Effects of Government Expenditures and Taxes on Female Labor," American Economic Review, May 1974. "Regression Analysis when the Dependent Variable is Truncated Lognormal: with an Application to the Determinants of the Duration of Welfare Dependency," (with T. Amemiya), International Economic Review, June 1974. http://en.wikipedia.org/wiki/Michael_Boskin