The Long, Slow Slide Into Economic Mediocrity

Willard Cochrane and Harald von Witzke

Choices: The Magazine of Food, Farm, and Resource Issues, 1992, vol. 07, issue 3, 3

Abstract: The U.S. economy is undergoing structural changes that have led to a slow but steady decline in economic performance. This long, slow slide into economic mediocrity can only be reversed by significantly increasing investments in physical capital, research and development, human capital, and public goods. For example, it is time for the federal government to develop "pro-children and youth" programs comparable in scope to the programs we provide senior citizens.

Keywords: Public Economics; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Date: 1992
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Working Paper: THE LONG, SLOW SLIDE INTO ECONOMIC MEDIOCRITY (1991)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaeach:131630

DOI: 10.22004/ag.econ.131630

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