Michael J. Boskin

Senior Fellow
Biography: 

Michael J. Boskin is a senior fellow at the Hoover Institution and the T. M. Friedman Professor of Economics at Stanford University. He is also a research associate at the National Bureau of Economic Research. In addition, he advises governments and businesses globally.

Boskin served as chairman of the President's Council of Economic Advisers (CEA) from 1989 to 1993. The Independent Council for Excellence in Government rated his CEA as one of the five most respected agencies (out of one hundred) in the federal government. He chaired the highly influential blue-ribbon Commission on Consumer Price Index, whose report has transformed the way government statistical agencies around the world measure inflation, GDP, and productivity.

Boskin serves on several corporate and philanthropic boards of directors, including Exxon Mobil Corporation and Oracle Corporation.

In addition to Stanford and the University of California, Boskin has taught at Harvard and Yale. He is the author of more than one hundred and fifty books and articles. He is internationally recognized for his research on world economic growth, tax and budget theory and policy, US saving and consumption patterns, and the implications of changing technology and demography on capital, labor, and product markets. His op-eds appear regularly in the Wall Street Journal and other leading newspapers. He also writes a bimonthly column on global economics syndicated in 145 countries.

Boskin has received numerous professional awards and citations, including Stanford's Distinguished Teaching Award in 1988, the National Association of Business Economists' Abramson Award for outstanding research and its Distinguished Fellow Award, the Medal of the President of the Italian Republic in 1991 for his contributions to global economic understanding, and the 1998 Adam Smith Prize for outstanding contributions to economics.

Boskin received his BA with highest honors and the Chancellor's Award as outstanding undergraduate in 1967 from the University of California at Berkeley, where he also received his MA in 1968 and his PhD in 1971.

His research papers are available at the Hoover Institution Archives.

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Recent Commentary

Featured Commentary

How Not to Fix the Economy

by Michael J. Boskinvia Wall Street Journal
Friday, July 25, 2014

Six years into expansion following the 2001 recession, the post-Y2K collapse of the stock-market bubble and the terrorist attacks of Sept. 11, 2001, the economy is sharply slowing. The risk of recession is growing.

Euro with a life saver
Featured Commentary

Europe’s Options

by Michael J. Boskinvia Project Syndicate
Tuesday, July 22, 2014

Many Europeans have come to believe that they have weathered the economic and financial storm. In the last two years, deficits and debt have stabilized. Yields on the sovereign debt of the eurozone periphery’s weak economies have fallen sharply. Portugal and Ireland have exited their bailout programs. Talk of Greece leaving the euro has subsided.

Featured Commentary

How Washington Whittles Away Property Rights

by Michael J. Boskinvia Wall Street Journal
Wednesday, July 16, 2014

Property rights and the rule of law are essential foundations for a vibrant economy. When they are threatened, or uncertain, the result is inefficiency, rent-seeking, a larger underground economy and capital flight.

The Courage of His Intuition

by Michael J. Boskinvia Hoover Digest
Wednesday, July 9, 2014

A scholar whose penetrating questions led economists and social scientists where many had feared to tread.

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Special: Boskin, Lazear, and Roberts remember Gary Becker on the John Batchelor Show

by Edward Paul Lazear, Michael J. Boskin, Russell Robertsvia John Batchelor Show
Wednesday, May 7, 2014

In conjunction with a special live taping of the John Batchelor Show at the Hoover Spring Retreat, John Batchelor and Mary Kissel of the Wall Street Journal host Hoover senior fellows Michael Boskin and Edward Lazear, Hoover research fellow Russell Roberts, and CNBC’s Larry Kudlow in a special episode remembering Hoover senior fellow Gary Becker.

Break the Budget Stalemate

by Michael J. Boskinvia Hoover Digest
Monday, April 21, 2014

Both parties should have the good sense to demand less waste, more efficiency, and new technology.

Olympic Gold Medal
Featured Commentary

Coming Together and Falling Apart

by Michael J. Boskinvia Project Syndicate
Thursday, March 13, 2014

Millions of people worldwide watched the athletic achievements at the Sochi Olympics and the opening and closing ceremonies’ majestic portrayals of Russian history and culture. But the cost was immense, the alleged corruption dispiriting, and the contrast with the political situation in nearby Ukraine alarming.
 

Great Wall of Corruption

by Michael J. Boskinvia Hoover Digest
Tuesday, January 21, 2014

How the curse of corruption limits and diminishes the miracle of economic growth.

Windmills in the Netherlands
Featured Commentary

A Dutch Cure for the Dutch Disease

by Michael J. Boskinvia Project Syndicate
Thursday, January 16, 2014

Far too few governments rein in their countries’ bloated welfare states before disaster strikes.
 

Featured Commentary

ObamaCare's Troubles Are Only Beginning

by Michael J. Boskinvia Wall Street Journal
Sunday, December 15, 2013

The White House is claiming that the Healthcare.gov website is mostly fixed, that the millions of Americans whose health plans were canceled thanks to government rules may be able to keep them for another year, and that in any event these people will get better plans through O

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