Michael J. Boskin

Wohlford Family Senior Fellow
Biography: 

Michael J. Boskin is the Wohlford Family Senior Fellow at the Hoover Institution and the Tully M. Friedman Professor of Economics at Stanford.  He is also Research Associate, National Bureau of Economic Research.  In addition, he advises governments and businesses globally.

He served as Chairman of the President’s Council of Economic Advisers (CEA) from 1989 to 1993, when he helped resolve the Third World Debt and Saving and Loan financial crises, and place the first effective controls on government spending while protecting the defense budget.  His CEA was rated by the Council for Excellence in Government as one of the five most respected agencies in the federal government.  Earlier, on Presidential Candidate Reagan’s Tax Policy Task Force, he helped develop the policies that substantially lowered marginal tax rates, indexed tax brackets for inflation, accelerated depreciation, and created IRAs and 401ks, the economic rationale for which was predicated on his research on the effects of taxes on saving.  He later chaired the highly influential blue-ribbon Commission on the 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 or his personal website.

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Recent Commentary

Policy InsightsFeatured

Thinking About Long-Term Debt

by John F. Cogan, John H. Cochrane, Michael J. Boskin, Joshua D. Rauh, Richard A. Epstein, Daniel Heilvia PolicyEd
Thursday, October 22, 2020

Whether they’re overlooking skyrocketing federal debt or unfunded state pension obligations, lawmakers continue to make short-run budget decisions that will disproportionately burden future generations. How big are these problems, and are there any good solutions?

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Inequality And Its Discontents

by Michael J. Boskinvia Project Syndicate
Wednesday, October 21, 2020

Former US President John F. Kennedy famously proclaimed that “a rising tide lifts all boats.” In a growing economy, the absolute well-being of those near the top and the bottom are positively correlated, so the most important policies to pursue are those that promote strong economic growth and full employment.

Your Money and Your Life

by May Wong featuring Michael J. Boskin, John Shovenvia Hoover Digest
Monday, October 19, 2020

Call it financial wellness: Hoover’s Michael J. Boskin and John Shoven have launched an innovative personal-finance class to guide students on “your life journey.”

In the News

The U.S. Vs. The Globe: How Primary Countries Are Actually Recuperating Coming From Coronavirus

quoting Michael J. Boskinvia Daily Research Editor
Tuesday, September 8, 2020

Jan Hatzius, a Goldman Sachs expert that co-authored the record, said to POLITICO that U.S. financial end results because July substantiate the partnership in between wellness and also development. The economic situation’s enhancement, he kept in mind, represents an increasing allotment of the American populace based on condition and also regional hide directeds– coming from regarding 40 per-cent in June to its own existing 80 per-cent.

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How Does The COVID Recession Compare?

by Michael J. Boskinvia Project Syndicate
Monday, August 24, 2020

Although every recession is different, history offers lessons for the current pandemic-induced downturn. Amid so much uncertainty, policymakers should focus on keeping taxes low, developing plans for fiscal consolidation, and avoiding new regulations until the economy is back on track.

Cheated by Collectivism

by George P. Shultz, Michael J. Boskin, John F. Cogan, John B. Taylorvia Hoover Digest
Tuesday, August 4, 2020

Businesses do good by benefiting their shareholders, not pursuing a phantom of “social responsibility.”

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Michael Boskin On The John Batchelor Show

interview with Michael J. Boskinvia The John Batchelor Show
Tuesday, June 30, 2020

Hoover Institution fellow Michael Boskin discusses his Project Syndicate article "America’s Uncertain Recovery."

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America’s Uncertain Recovery

by Michael J. Boskinvia Project Syndicate
Thursday, June 25, 2020

Predicting the speed and strength of the United States' recovery from the current recession is extremely difficult. But what is clear is that policymakers must boost incentives to work in normal times when jobs are plentiful, while strengthening the safety net for when they are not and for those who are unable to work.

Policy InsightsFeatured

Infrastructure

by Russ Roberts, Lee Ohanian, Michael J. Boskin, Richard A. Epstein, John B. Taylor, John F. Cogan, Daniel Heilvia PolicyEd
Thursday, May 28, 2020

With COVID-19 wreaking havoc on the economy, some in Congress are proposing a large increase in infrastructure spending. Supporters claim that increased spending will boost the economy while ensuring future generations will benefit from improved transportation, power, and communication systems. But will increased federal spending on infrastructure deliver on these promises, or are there reasons to be skeptical?

Interviews

Michael Boskin: April Jobs Numbers And Next Legislative Steps On COVID-19

interview with Michael J. Boskinvia C-SPAN
Friday, May 8, 2020

(29:20) Hoover Institution fellow Michael Boskin discusses COVID-19 as well as the April jobs numbers.

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Please note:

Michael Boskin has been the subject of recent attempted identity theft and hacking.  If you receive an email communication from him that seems unusual or unexpected, please verify the correspondence by contacting his office officeofmichaelboskin [at] gmail.com (subject: Hoover.org%20Boskin%20Profile%20Request) (here).