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

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Why the CPI Matters, Big-Time

by Michael J. Boskinvia Hoover Digest
Wednesday, April 30, 1997

Overstating increases in the cost of living by even small amounts costs the federal government tens of billions of dollars every year. An excerpt from the Boskin commission's report.

THE ONE PERCENT SOLUTION?

with Michael J. Boskin, David Bradyvia Uncommon Knowledge
Monday, February 24, 1997

Hoover fellows Michael Boskin and David Brady discuss why it's important to adjust the CPI now and whether it's politically possible to do so.

These Are the Facts, Folks

by Michael J. Boskinvia Hoover Digest
Thursday, January 30, 1997

Wouldn't the Dole plan have been Reaganomics all over again? Voodoo Two? Hoover fellow and Stanford economics professor Michael J. Boskin points out that Reagan's tax cut wasn't voodoo in the first place-and that Dole's plan wasn't black magic either.

How to Think about Taxes

by Michael J. Boskinvia Hoover Digest
Tuesday, January 30, 1996

Hoover fellow Michael J. Boskin presents a succinct analysis of the principal tax reform proposals of the day. A straightforward guide to a complicated subject.

Books

Frontiers of Tax Reform

via Hoover Institution Press
Wednesday, December 27, 1995

The essays offered here represent the first authoritative perspective on tax reform debate. They provide a useful framework for understanding key issues, and then propose fundamental goals for tax reform. This volume will be an indispensable resource for those wishing to evaluate how fundamental tax reform can benefit and restore strong economic growth.

Analysis and Commentary

Obama's Debt Legacy

by Michael J. Boskinvia Defining Ideas (Hoover Institution)

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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).