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

Michael Boskin

The U.S. Economy Is Becoming Reliant on Government Fixes

by Michael J. Boskinvia Defining Ideas
Friday, May 29, 2009

Higher spending, higher taxes, and an explosion of debt will crowd out borrowing in capital markets.

Analysis and Commentary

The US economy is becoming ever more reliant on a government fix

by Michael J. Boskinvia Project Syndicate
Friday, May 29, 2009

It is still too soon to gauge the full economic impact of President Barack Obama's implemented and proposed policies, but a preliminary read indicates limited short-term benefit at large long-term cost...

Analysis and Commentary

Grading Obamanomics

by Michael J. Boskinvia Project Syndicate
Tuesday, May 26, 2009
It is still too soon to gauge the full economic impact of President Barack Obama’s implemented and proposed policies, but a preliminary read indicates limited short-term benefit at large long-term cost.

How to Get Back to Normal

by Michael J. Boskinvia Hoover Digest
Monday, April 20, 2009

What the government should do now—and what it most definitely should not. By Michael J. Boskin.

Analysis and Commentary

Obama's $163,000 Tax Bomb

by Michael J. Boskinvia Wall Street Journal
Friday, April 3, 2009
Families well below the president's 'no-tax' threshold will get a six-figure bill. 
Analysis and Commentary

Global Disaster Recovery

by Michael J. Boskinvia Project Syndicate
Wednesday, March 25, 2009

With the global economy mired in recession and financial crisis, policymakers everywhere have launched a series of monetary, financial, and fiscal responses...

Michael Boskin

Obama’s Radicalism Is Killing the Dow

by Michael J. Boskinvia Defining Ideas
Monday, March 9, 2009

The illusion that Barack Obama will lead from the economic center has quickly come to an end. President Obama is returning to Jimmy Carter’s higher taxes and Bill Clinton’s draconian defense drawdown.

Analysis and Commentary

Obama's Radicalism Is Killing the Dow

by Michael J. Boskinvia Wall Street Journal
Friday, March 6, 2009

A financial crisis is the worst time to change the foundations of American capitalism.

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An Experiment of Great Uncertainty

by Michael J. Boskinvia New York Times
Tuesday, February 10, 2009
We are now experiencing a painful deleveraging resulting from widespread insolvency in financial institutions, which in turn was caused by an
immense volume of loans made on the hope that strong economic growth, rising housing prices and easy short-term credit would continue for many
years. The resulting bubble has now collapsed into a severe recession.
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The Euro at Ten

by Michael J. Boskinvia Project Syndicate
Friday, January 23, 2009
The beginning of 2009 will long be remembered for terrible economic news and controversial economic policy in virtually every country. 

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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).