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Full-Text Articles in Public Policy

Defense Spending And The American Economy: How Much Change Is In The Offing?, Murray L. Weidenbaum Dec 1989

Defense Spending And The American Economy: How Much Change Is In The Offing?, Murray L. Weidenbaum

Murray Weidenbaum Publications

With the end of the Cold War looming, this essay argues that military spending has been decreasing for years and that any future reductions to the defense budget are likely to only have a modest impact on the economy.


Filling In The Hollowed-Out Corporation: The Competitive Status Of U.S. Manufacturing, Murray L. Weidenbaum Sep 1989

Filling In The Hollowed-Out Corporation: The Competitive Status Of U.S. Manufacturing, Murray L. Weidenbaum

Murray Weidenbaum Publications

This paper looks at the status of American manufacturing in 1989, given falling costs to production, improvements in product quality, and a surge in research and development.


Improving Competitiveness, Congressional Style, Murray L. Weidenbaum Aug 1989

Improving Competitiveness, Congressional Style, Murray L. Weidenbaum

Murray Weidenbaum Publications

Seemingly in order to demonstrate its concern with huge trade deficits, Congress passed the Omnibus Trade and Competitiveness Act of 1988. While the object of the legislation is ostensibly to reduce trade deficits and enhance American competitiveness, the new statute actually responds to all sorts of pressure groups. This report examines the impact of the new trade law on a multitude of government agencies.


The American Economy: Is A Turning Point At Hand?, Murray L. Weidenbaum Jul 1989

The American Economy: Is A Turning Point At Hand?, Murray L. Weidenbaum

Murray Weidenbaum Publications

American businesses are making adjustments to the global marketplace. Politically, the big question is whether or not the Cold War is finally ending. Can the United States successfully shift key resources to the civilian economy? Will the lower military demand lead to a worldwide recession or will it free up resources for a period of stronger growth? There are signs of a potential slowdown in the short term. In the long term, open markets seem to be prevailing, with three dominant clusters emerging: Europe, U.S./Canada, and the Pacific rim.


The Case Against Another Business-Government Partnership, Murray L. Weidenbaum Jun 1989

The Case Against Another Business-Government Partnership, Murray L. Weidenbaum

Murray Weidenbaum Publications

This policy paper examines the myths surrounding business-government partnerships or federal bailouts. It also provides some insights into what does work in their place. Democratic political systems were not built to make critical choices between particular firms or industries in a competitive market. Business-government partnerships do just that.


Protecting The Environment: Harnessing The Power Of The Marketplace, Murray L. Weidenbaum May 1989

Protecting The Environment: Harnessing The Power Of The Marketplace, Murray L. Weidenbaum

Murray Weidenbaum Publications

Americans want a cleaner environment but do not necessarily want to pay more or be inconvenienced. Economists feel that providing economic incentives to manufacturers to reduce pollution can be helpful.


The Allure Of Value-Added Taxes: Examining The Pros And Cons, Murray L. Weidenbaum, Ernest S. Christian Jr Feb 1989

The Allure Of Value-Added Taxes: Examining The Pros And Cons, Murray L. Weidenbaum, Ernest S. Christian Jr

Murray Weidenbaum Publications

Compared to most other developed Western nations, the United States relies far less heavily on consumption-based taxes. In practice, much of the impact of shifting to a higher consumption tax would depend on how the tax is structured. The two major policy alternatives are an expenditures tax levied on total purchases within an accounting period or a value-added tax collected on each purchase.