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The Long, Slow Slide Into Economic Mediocrity

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  • Cochrane, Willard W.
  • von Witzke, Harald

Abstract

The U.S. economy is undergoing structural changes that have led to a slow but steady decline in economic performance. This long, slow slide into economic mediocrity can only be reversed by significantly increasing investments in physical capital, research and development, human capital, and public goods. For example, it is time for the federal government to develop "pro-children and youth" programs comparable in scope to the programs we provide senior citizens.
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Suggested Citation

  • Cochrane, Willard W. & von Witzke, Harald, 1991. "The Long, Slow Slide Into Economic Mediocrity," Staff Papers 13727, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13727
    DOI: 10.22004/ag.econ.13727
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    Keywords

    Political Economy;

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