Michael J. Boskin

Senior Fellow
Biography: 

Michael J. Boskin is a 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.

Filter By:

Topic

Type

Recent Commentary

Blank Section (Placeholder)Featured

Reforming Regulation

by Michael J. Boskinvia PolicyEd
Tuesday, October 30, 2018

There are often economic, health, safety, environmental, and other benefits that justify regulation. But it is important to keep in mind that many of them create a drag on the economy by imposing costs or stifling innovation and competition. Once implemented, we need to track their impact and periodically reevaluate them. An ongoing goal should be to achieve the original goals at a lower cost.

Featured

Who Deserves Credit For The Strong US Economy?

by Michael J. Boskinvia Project Syndicate
Thursday, October 25, 2018

US President Donald Trump claims credit for “the greatest ever” economy, and constantly contrasts economic conditions today with the historically weak recovery under President Barack Obama. With growth this year over 3%, unemployment at 3.7%, and more job openings than unemployed people, the economy has greatly improved on Trump’s watch. The macroeconomic indicators are the best in decades.

Blank Section (Placeholder)Featured

Corporate Tax Reform

by John H. Cochrane , Michael J. Boskin, Tom Church, Daniel Heilvia PolicyEd
Thursday, September 27, 2018

In late December 2017, Congress passed the Tax Cut and Jobs Act of 2017. A key part of the law lowered the tax rate for both traditional corporations and pass-through entities like S-corps. With so many important issues facing the country why was Congress focused on the corporate tax rate?

Policy BriefsFeatured

Michael Boskin On When a Tax Cut Isn't Actually A Tax Cut

by Michael J. Boskinvia PolicyEd
Thursday, September 6, 2018

A tax cut is not a true tax cut unless it is accompanied by reduced spending, because eventually the loss of revenue has to be paid for.

Featured

The US Economy And The Midterm Elections

by Michael J. Boskinvia Project Syndicate
Tuesday, August 21, 2018

The US economy's strength should boost Republicans' prospects in congressional elections this November. But polls currently show that Democrats will retake one or both chambers of Congress, which means that even if the economy doesn't affect the election, the election will affect the economy.

Blank Section (Placeholder)

How to Fend Off Collapse

by Michael J. Boskin, John H. Cochrane , John F. Cogan, George P. Shultz, John B. Taylorvia Hoover Digest
Monday, July 9, 2018

The federal budget’s chilling forecast: annual deficits of a trillion dollars or more.

Featured

Italy’s Quadruple Threat To Europe

by Michael J. Boskinvia Project Syndicate
Tuesday, June 19, 2018

Italy's new Five Star Movement/League government has been assuring financial markets that its intentions with respect to the euro and EU fiscal rules are pure. But soothing words will not change the fact that Italy is beset by political and economic crises that could plunge it – and Europe – into the abyss.

Featured

The Future Of Tech Policy

by Michael J. Boskinvia Project Syndicate
Wednesday, April 25, 2018

The far-reaching social, political, and economic risks posed by Big Tech have finally prompted a more concerted response from policymakers and regulators. As they consider how to manage disruption without stifling innovation, five issues will loom large.

Blank Section (Placeholder)

The Can’t-Do State

by Michael J. Boskinvia Hoover Digest
Friday, April 20, 2018

The Golden State may remain a land of great strengths, but it suffers from political inertia. Who will defy the entrenched interests?

Featured

A Debt Crisis Is On The Horizon

by Michael J. Boskin, John H. Cochrane , John F. Cogan, George P. Shultz, John B. Taylorvia The Washington Post
Tuesday, March 27, 2018

We live in a time of extraordinary promise. Breakthroughs in artificial intelligence, 3D manufacturing, medical science and other areas have the potential to dramatically raise living standards in coming decades. But a major obstacle stands squarely in the way of this promise: high and sharply rising government debt.

Pages

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).