Is the U.S. a Spendthrift Nation?

Is the U.S. a Spendthrift Nation?
Author: Robert E. Lipsey
Publisher:
Total Pages: 45
Release: 1987
Genre: Investments
ISBN:

The belief that the U.S. is a nation of spendthrifts, unwilling to pro- vide for the future, rests on observations of particular narrow definitions of capital formation, on the use of nominal values that ignore inter- national differences in the relative prices of capital goods, and on concentration on the ratio of capital formation to total output rather than on the amount of capita1 formation per capita. By a broad definition of capital formation, the U.S. has been investing a proportion of its gross output in the last decade and a half that is not far below that of other developed countries, even in nominal terms. In world prices, or real terms, U.S. capital formation was a higher proportion of output than in nominal terms. Real gross capital formation per capita in the U.S., even by a narrow definition of capital formation, was above the average for developed countries. By a broad measure of capital formation, few countries surpassed the U.S. in per capita real capital formation

The United States Economy

The United States Economy
Author: Mr.Yusuke Horiguchi
Publisher: International Monetary Fund
Total Pages: 612
Release: 1992-01-15
Genre: Business & Economics
ISBN: 9781557752314

This book, by a staff team headed by Yusuke Horiguchi, examines U.S. economic policy and performance in the 1980s, during which the United States enjoyed its longest peacetime expansion. Notwithstanding the buoyant growth and declines in inflation, the economy experienced low savings, current account deficits, swings in the dollar exchange rate, and structural problems--relating to the strength of financial institutions, the tax system, health care, and productivity.

Made in America

Made in America
Author: Claude S. Fischer
Publisher: University of Chicago Press
Total Pages: 523
Release: 2010-05-15
Genre: Social Science
ISBN: 0226251454

Our nation began with the simple phrase, “We the People.” But who were and are “We”? Who were we in 1776, in 1865, or 1968, and is there any continuity in character between the we of those years and the nearly 300 million people living in the radically different America of today? With Made in America, Claude S. Fischer draws on decades of historical, psychological, and social research to answer that question by tracking the evolution of American character and culture over three centuries. He explodes myths—such as that contemporary Americans are more mobile and less religious than their ancestors, or that they are more focused on money and consumption—and reveals instead how greater security and wealth have only reinforced the independence, egalitarianism, and commitment to community that characterized our people from the earliest years. Skillfully drawing on personal stories of representative Americans, Fischer shows that affluence and social progress have allowed more people to participate fully in cultural and political life, thus broadening the category of “American” —yet at the same time what it means to be an American has retained surprising continuity with much earlier notions of American character. Firmly in the vein of such classics as The Lonely Crowd and Habits of the Heart—yet challenging many of their conclusions—Made in America takes readers beyond the simplicity of headlines and the actions of elites to show us the lives, aspirations, and emotions of ordinary Americans, from the settling of the colonies to the settling of the suburbs.

American World Policies

American World Policies
Author: Walter E. Weyl
Publisher: BoD – Books on Demand
Total Pages: 190
Release: 2018-04-05
Genre: Fiction
ISBN: 373265155X

Reproduction of the original: American World Policies by Walter E. Weyl

Beyond Our Means

Beyond Our Means
Author: Sheldon Garon
Publisher: Princeton University Press
Total Pages: 495
Release: 2012
Genre: Business & Economics
ISBN: 0691135991

"Garon's insightful and provocative new book couldn't be more important, and couldn't be more timely. The prosperity of Americans, and America, now depends on creating a nation of savers and investors, and Garon shows us the way by bringing the experience and lessons of nations worldwide right into our hands."--Ray Boshara, senior fellow, "New America Foundation."

National Saving and Economic Performance

National Saving and Economic Performance
Author: John B. Shoven
Publisher: University of Chicago Press
Total Pages: 396
Release: 2009-02-15
Genre: Business & Economics
ISBN: 0226044351

The past decade has witnessed a decline in saving throughout the developed world—the United States has the dubious distinction of leading the way. The consequences can be serious. For individuals, their own economic security and that of their families is jeopardized. For society, inadequate rates of saving have been blamed for a variety of ills—decreasing the competitive abilities of American industry, slowing capital accumulation, increasing our trade deficit, and forcing the sale of capital stock to foreign investors at bargain prices. Restoring acceptable rates of saving in the United States poses a major challenge to those who formulate national economic policy, especially since economists and policymakers alike still understand little about what motivates people to save. In National Saving and Economic Performance, edited by B. Douglas Bernheim and John B. Shoven, that task is addressed by offering the results of new research, with recommendations for policies aimed to improve saving. Leading experts in diverse fields of economics debate the need for more accurate measurement of official saving data; examine how corporate decisions to retain or distribute earnings affect household-level consumption and saving; and investigate the effects of taxation on saving behavior, correlations between national saving and international investment over time, and the influence of economic growth on saving. Presenting the most comprehensive and up-to-date research on saving, this volume will benefit both academic and government economists.

Author:
Publisher: Cengage Learning
Total Pages: 478
Release:
Genre:
ISBN: 0357723139