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

Debtors’ Prison

by Michael J. Boskinvia Hoover Digest
Monday, October 18, 2021
Federal borrowing is soaring—and the debt the nation is amassing will long outlast any pandemic.
Interviews

Michael Boskin On The John Batchelor Show

interview with Michael J. Boskinvia The John Batchelor Show
Tuesday, October 5, 2021

Hoover Institution fellow Michael Boskin assesses the federal government's COVID-19 relief and response, and the infrastructure bill.

Featured

Michael J. Boskin: Assessing The Federal Government’s COVID-19 Relief And Response Efforts And Its Impact – Part II

with Michael J. Boskinvia Hoover Daily Report
Thursday, September 30, 2021

Hoover Institution fellow Michael Boskin testifies on “Assessing the Federal Government’s COVID-19 Relief and Response Efforts and its Impact – Part II” before the U.S. House of Representatives’ Committee on Transportation and Infrastructure.

In the News

Conservative Views On What Took Us To Tuesday's Recall Election

quoting Michael J. Boskin, Lee Ohanianvia Pleasanton Weekly
Thursday, September 9, 2021

Three conservative Hoover Institution fellows collaborated on a webinar Tuesday on just how California got to the recall election next Tuesday.

Featured

Biden’s Cruel Summer

by Michael J. Boskinvia Project Syndicate
Wednesday, August 25, 2021

With the Taliban’s sudden reconquest of Afghanistan, US President Joe Biden is learning how quickly “inbox problems” can derail other objectives. Whether he will recover and salvage his legislative agenda remains to be seen; history offers conflicting lessons.

Featured

Michael J. Boskin: Assessing The Federal Government’s COVID-19 Relief And Response Efforts And Its Impact

with Michael J. Boskinvia Hoover Daily Report
Thursday, July 29, 2021

Hoover Institution fellow Michael Boskin testifies on “Assessing the Federal Government’s COVID-19 Relief and Response Efforts and its Impact” before the U.S. House of Representatives’ Committee on Transportation and Infrastructure.

Policy InsightsFeatured

State Budget Woes

featuring Joshua D. Rauh, Lee Ohanian, Michael J. Boskin, John H. Cochrane, Richard A. Epstein, Daniel Heilvia PolicyEd
Thursday, July 1, 2021

State and local officials continue to face significant budget challenges that predate the pandemic. What are these budget challenges and what can state lawmakers do to address them?

State Budget Woes

by Daniel Heil featuring the work of Joshua D. Rauh, Lee Ohanian, Michael J. Boskin, John H. Cochrane, Richard A. Epsteinvia Policy Insights | A Succinct Guide to Important Policy Questions
Wednesday, June 30, 2021

State and local officials continue to face significant budget challenges that predate the pandemic. What are these budget challenges and what can state lawmakers do to address them?

Featured

Beware America’s Soaring Public Debt

by Michael J. Boskinvia Project Syndicate
Wednesday, June 23, 2021

In the near term, strong economic growth could shield US President Joe Biden from the consequences of his reckless spending. But if his administration’s growth forecasts prove excessively optimistic – or even if they turn out to be accurate – he may come to regret it.

Featured

There Will Be Boondoggles

by Michael J. Boskinvia Project Syndicate
Tuesday, April 27, 2021

On top of the trillions of dollars already spent on pandemic-related rescue and stimulus since last March, the Biden administration wants a $2.3 trillion package of loosely defined infrastructure spending. In doing so, it risks stimulating an economy that has already recovered, while undercutting America's long-term competitiveness.

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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).