Harold G. Vatter, John F. Walker

• Chapter I The Economy at Midcentury; The War’s Consequences, Harold G. Vatter; The Inheritance of the Preceding Decades, Harold G. Vatter; Chapter II Highlights of Change in the Postwar Era; Some Deeper Currents in the Recent Past, Stuart Bruchey; A Brief Overview of Post-World War II Expansions, Stephen K. McNees; Science and Technology; Overview of U.S. Science and Technology; Technology and Natural Resource Use, John F. Walker, Harold G. Vatter; In the Shadow of the Bomb, Dick Russell; Chapter III Changes in the Structure of the Economy; Changes in Industry Shares of National Output, Charles J. Haulk; Taking In Each Other’s Laundry—The Service Economy, Lynne E. Browne; Metropolitan and Nonmetropolitan Area Populations; City and Suburban Populations; State Population Trends; Geographical Mobility; Allocation of the National Output among Functions; Regional Perspectives, Howard L. Friedenberg, Rudolph E. DePass; U.S. Agriculture: Hard Realities and New Opportunities, Marvin R. Duncan; Changes in U.S. Industrial Structure: The Role of Global Forces, Secular Trends, and Transitory Cycles, Robert Z. Lawrence; Historical Data on Public Transit; The Road More Traveled, Mark O. Hatfield; Is There a Shortfall in Public Capital Investment?, George E. Peterson; Anatomy of the Voluntary Nonprofit Sector, Burton A. Weisbrod; A Monetary Perspective on Underground Economic Activity in the United States, Richard D. Porter, Amanda S. Bayer; Managerial Decline: The Military Industrial Influence, John E. Ullmann; Health Care: Dynamic Technology and Changing Demographics; Chapter IV The Evolution of the Business Sector; The Company in the Postwar World, Mansel G. Blackford, K. Austin Kerr; Recent Developments in Corporate Finance, Leland E. Crabbe, Margaret H. Pickering, Stephen D. Prouse; The State of Small Business: A Report of the President; Chapter V The Labor Force and Labor Organization; Issues in Labor Supply, Janice Shack-Marquez; The 1980s: A Decade of Job Growth and Industry Shifts, Lois M. Plunkert; The Changing Labor Force: Some Provocative Findings, William E. Cullison; The Labor Movement, Mary C. King; Chapter VI Changing Material Conditions and the Quality of Life; Social and Economic Change since the Great Depression: Studies of Census Data, 1940–80; The Changing Fortunes of American Families in the 1980s, Katharine L. Bradbury; Wage Inequality Takes a Great U-Turn, Bennett Harrison, Chris Tilly, Barry Bluestone; Trends in the Distribution of Wealth among American Families; How Family Spending Has Changed in the United States, Eva Jacobs, Stephanie Shipp; American Living Standards; Participation in Government Benefits Programs; Health Status of the American Population; The Crisis in Health Insurance; We the Americans … Our Homes; Family-Related Benefits in the Workplace, William J. Wiatrowski; Children in Two-Worker Families and Real Family Income, Howard V. Hayghe; Economic Status of the Elderly; The Social and Economic Status of the Black Population; In Black America, Life Grows Shorter, Carlyle C. Douglas; We the American… Hispanics; The Minimum Wage: Its Relation to Incomes and Poverty, Ralph E. Smith, Bruce Vavrichek; The Changing Family in International Perspective; The Economic Effects of Immigration; Chapter VII Government Growth and Government as Manager; The Inevitability of Government Growth, Harold G. Vatter, John F. Walker; Real Public-Sector Employment Growth, Wagner’s Law, and Economic Growth in the United States, Harold G. Vatter, John F. Walker; The Midwest Response to the New Federalism, Peter K. Eisinger, William T. Gormley; A Microeconomic Analysis of the Tax Reform Act of 1986; Do Taxes Change Behavior?; Do Higher Tax Rates Increase Tax Revenues?; Activist Government: Key to Growth, Walter W. Heller; Should Growth Be a Priority of National Policy?, Herbert Stein; Stagnation and Government Purchases, Harold G. Vatter, John F. Walker; Rethinking Regulation; Taking the Measure of Environmental Regulation, Paul R. Portney; The Road We’ve Traveled, Phyllis Myers; Consumer Protection: Problems and Prospects, Laurence P. Feldman, ed.; An Overview of Agricultural Policy … Past, Present, and Future, Raymond E. Owens; Investment in Natural Resources; Two Decades of Energy Policy, Hans H. Landsberg; Welfare Dependency: Fact or Myth?, Richard D. Coe; The Case for a National Welfare Standard, Paul E. Peterson, Mark C. Rom; Social Security Programs in the United States; Military Expansion Economic Decline, Robert W. DeGrasse; The End of the Cold War; A Decent Home; A New Housing Policy for America, David C. Schwartz, Richard C. Ferlauto, Daniel N. Hoffman; A Study of Public Works Investment; How Federal Spending for Infrastructure and Other Public Investments Affects the Economy; A Nation at Risk: The Imperative for Educational Reform; A Limited War on Crime That We Can Win, John DiIulio; Crime and Drugs, Harold G. Vatter, John F. Walker; Chapter VIII The Financial Superstructure, Prices, and Monetary Policy; Financial Markets: Innovation and Stability; Report of Special Study of Securities Markets; Why Deposit Insurance Was Established and How It Is Supposed to Work; Eroding Market Imperfection: Implications for Financial Intermediaries, the Payments System, and Regulatory Reform, Robert A. Eisenbeis; Solvency Problems in the Insurance Industry; Dow Jones Industrial Average Is a Nonsense Number, John F. Walker; A Review of Predictability of Stock Market Prices, G. H. Lawson; A Half-Year Pause in Inflation: Its Antecedents and Structure, John F. Early, Walter Lane, Philip Sturm; The Federal Reserve Response, Sherman J. Maisel; Volcker’s Revolution at the Fed, Andrew H. Bartels; How Monetarism Failed, Nicholas Kaldor; Eurodollars; Central Banking and Systemic Risks in Capital Markets, Andrew Brimmer; Chapter IX The Foreign Balance and Foreign Economic Policy; World Trade and Economic Growth; Multilateral Initiatives: The Uruguay Round; Changing U.S. Trade Patterns, Jack L. Hervey; The North American Free Trade Agreement; Multinational Corporations and the Trade-Investment Linkage; The Changing Role of the International Monetary Fund; The Marshall Plan and Early Bilateral Aid; The Foreign Aid Programs and the United States Economy; Overview of Foreign Assistance; U.S. Exchange Rate Policy: Bretton Woods to Present, B. Dianne Pauls; The Evolution of the Export-Import Bank; Immigration Policy: Political or Economic?, Vernon M. Briggs; Chapter X The Long Stagnation; Why Has the United States Operated Below Potential Since World War II?, John F. Walker, Harold G. Vatter;

Harold G. Vatter, John F. Walker

• Chapter I The Economy at Midcentury; The War’s Consequences, Harold G. Vatter; The Inheritance of the Preceding Decades, Harold G. Vatter; Chapter II Highlights of Change in the Postwar Era; Some Deeper Currents in the Recent Past, Stuart Bruchey; A Brief Overview of Post-World War II Expansions, Stephen K. McNees; Science and Technology; Overview of U.S. Science and Technology; Technology and Natural Resource Use, John F. Walker, Harold G. Vatter; In the Shadow of the Bomb, Dick Russell; Chapter III Changes in the Structure of the Economy; Changes in Industry Shares of National Output, Charles J. Haulk; Taking In Each Other’s Laundry—The Service Economy, Lynne E. Browne; Metropolitan and Nonmetropolitan Area Populations; City and Suburban Populations; State Population Trends; Geographical Mobility; Allocation of the National Output among Functions; Regional Perspectives, Howard L. Friedenberg, Rudolph E. DePass; U.S. Agriculture: Hard Realities and New Opportunities, Marvin R. Duncan; Changes in U.S. Industrial Structure: The Role of Global Forces, Secular Trends, and Transitory Cycles, Robert Z. Lawrence; Historical Data on Public Transit; The Road More Traveled, Mark O. Hatfield; Is There a Shortfall in Public Capital Investment?, George E. Peterson; Anatomy of the Voluntary Nonprofit Sector, Burton A. Weisbrod; A Monetary Perspective on Underground Economic Activity in the United States, Richard D. Porter, Amanda S. Bayer; Managerial Decline: The Military Industrial Influence, John E. Ullmann; Health Care: Dynamic Technology and Changing Demographics; Chapter IV The Evolution of the Business Sector; The Company in the Postwar World, Mansel G. Blackford, K. Austin Kerr; Recent Developments in Corporate Finance, Leland E. Crabbe, Margaret H. Pickering, Stephen D. Prouse; The State of Small Business: A Report of the President; Chapter V The Labor Force and Labor Organization; Issues in Labor Supply, Janice Shack-Marquez; The 1980s: A Decade of Job Growth and Industry Shifts, Lois M. Plunkert; The Changing Labor Force: Some Provocative Findings, William E. Cullison; The Labor Movement, Mary C. King; Chapter VI Changing Material Conditions and the Quality of Life; Social and Economic Change since the Great Depression: Studies of Census Data, 1940–80; The Changing Fortunes of American Families in the 1980s, Katharine L. Bradbury; Wage Inequality Takes a Great U-Turn, Bennett Harrison, Chris Tilly, Barry Bluestone; Trends in the Distribution of Wealth among American Families; How Family Spending Has Changed in the United States, Eva Jacobs, Stephanie Shipp; American Living Standards; Participation in Government Benefits Programs; Health Status of the American Population; The Crisis in Health Insurance; We the Americans … Our Homes; Family-Related Benefits in the Workplace, William J. Wiatrowski; Children in Two-Worker Families and Real Family Income, Howard V. Hayghe; Economic Status of the Elderly; The Social and Economic Status of the Black Population; In Black America, Life Grows Shorter, Carlyle C. Douglas; We the American… Hispanics; The Minimum Wage: Its Relation to Incomes and Poverty, Ralph E. Smith, Bruce Vavrichek; The Changing Family in International Perspective; The Economic Effects of Immigration; Chapter VII Government Growth and Government as Manager; The Inevitability of Government Growth, Harold G. Vatter, John F. Walker; Real Public-Sector Employment Growth, Wagner’s Law, and Economic Growth in the United States, Harold G. Vatter, John F. Walker; The Midwest Response to the New Federalism, Peter K. Eisinger, William T. Gormley; A Microeconomic Analysis of the Tax Reform Act of 1986; Do Taxes Change Behavior?; Do Higher Tax Rates Increase Tax Revenues?; Activist Government: Key to Growth, Walter W. Heller; Should Growth Be a Priority of National Policy?, Herbert Stein; Stagnation and Government Purchases, Harold G. Vatter, John F. Walker; Rethinking Regulation; Taking the Measure of Environmental Regulation, Paul R. Portney; The Road We’ve Traveled, Phyllis Myers; Consumer Protection: Problems and Prospects, Laurence P. Feldman, ed.; An Overview of Agricultural Policy … Past, Present, and Future, Raymond E. Owens; Investment in Natural Resources; Two Decades of Energy Policy, Hans H. Landsberg; Welfare Dependency: Fact or Myth?, Richard D. Coe; The Case for a National Welfare Standard, Paul E. Peterson, Mark C. Rom; Social Security Programs in the United States; Military Expansion Economic Decline, Robert W. DeGrasse; The End of the Cold War; A Decent Home; A New Housing Policy for America, David C. Schwartz, Richard C. Ferlauto, Daniel N. Hoffman; A Study of Public Works Investment; How Federal Spending for Infrastructure and Other Public Investments Affects the Economy; A Nation at Risk: The Imperative for Educational Reform; A Limited War on Crime That We Can Win, John DiIulio; Crime and Drugs, Harold G. Vatter, John F. Walker; Chapter VIII The Financial Superstructure, Prices, and Monetary Policy; Financial Markets: Innovation and Stability; Report of Special Study of Securities Markets; Why Deposit Insurance Was Established and How It Is Supposed to Work; Eroding Market Imperfection: Implications for Financial Intermediaries, the Payments System, and Regulatory Reform, Robert A. Eisenbeis; Solvency Problems in the Insurance Industry; Dow Jones Industrial Average Is a Nonsense Number, John F. Walker; A Review of Predictability of Stock Market Prices, G. H. Lawson; A Half-Year Pause in Inflation: Its Antecedents and Structure, John F. Early, Walter Lane, Philip Sturm; The Federal Reserve Response, Sherman J. Maisel; Volcker’s Revolution at the Fed, Andrew H. Bartels; How Monetarism Failed, Nicholas Kaldor; Eurodollars; Central Banking and Systemic Risks in Capital Markets, Andrew Brimmer; Chapter IX The Foreign Balance and Foreign Economic Policy; World Trade and Economic Growth; Multilateral Initiatives: The Uruguay Round; Changing U.S. Trade Patterns, Jack L. Hervey; The North American Free Trade Agreement; Multinational Corporations and the Trade-Investment Linkage; The Changing Role of the International Monetary Fund; The Marshall Plan and Early Bilateral Aid; The Foreign Aid Programs and the United States Economy; Overview of Foreign Assistance; U.S. Exchange Rate Policy: Bretton Woods to Present, B. Dianne Pauls; The Evolution of the Export-Import Bank; Immigration Policy: Political or Economic?, Vernon M. Briggs; Chapter X The Long Stagnation; Why Has the United States Operated Below Potential Since World War II?, John F. Walker, Harold G. Vatter;

Harold G. Vatter, John F. Walker

• Chapter I The Economy at Midcentury; The War’s Consequences, Harold G. Vatter; The Inheritance of the Preceding Decades, Harold G. Vatter; Chapter II Highlights of Change in the Postwar Era; Some Deeper Currents in the Recent Past, Stuart Bruchey; A Brief Overview of Post-World War II Expansions, Stephen K. McNees; Science and Technology; Overview of U.S. Science and Technology; Technology and Natural Resource Use, John F. Walker, Harold G. Vatter; In the Shadow of the Bomb, Dick Russell; Chapter III Changes in the Structure of the Economy; Changes in Industry Shares of National Output, Charles J. Haulk; Taking In Each Other’s Laundry—The Service Economy, Lynne E. Browne; Metropolitan and Nonmetropolitan Area Populations; City and Suburban Populations; State Population Trends; Geographical Mobility; Allocation of the National Output among Functions; Regional Perspectives, Howard L. Friedenberg, Rudolph E. DePass; U.S. Agriculture: Hard Realities and New Opportunities, Marvin R. Duncan; Changes in U.S. Industrial Structure: The Role of Global Forces, Secular Trends, and Transitory Cycles, Robert Z. Lawrence; Historical Data on Public Transit; The Road More Traveled, Mark O. Hatfield; Is There a Shortfall in Public Capital Investment?, George E. Peterson; Anatomy of the Voluntary Nonprofit Sector, Burton A. Weisbrod; A Monetary Perspective on Underground Economic Activity in the United States, Richard D. Porter, Amanda S. Bayer; Managerial Decline: The Military Industrial Influence, John E. Ullmann; Health Care: Dynamic Technology and Changing Demographics; Chapter IV The Evolution of the Business Sector; The Company in the Postwar World, Mansel G. Blackford, K. Austin Kerr; Recent Developments in Corporate Finance, Leland E. Crabbe, Margaret H. Pickering, Stephen D. Prouse; The State of Small Business: A Report of the President; Chapter V The Labor Force and Labor Organization; Issues in Labor Supply, Janice Shack-Marquez; The 1980s: A Decade of Job Growth and Industry Shifts, Lois M. Plunkert; The Changing Labor Force: Some Provocative Findings, William E. Cullison; The Labor Movement, Mary C. King; Chapter VI Changing Material Conditions and the Quality of Life; Social and Economic Change since the Great Depression: Studies of Census Data, 1940–80; The Changing Fortunes of American Families in the 1980s, Katharine L. Bradbury; Wage Inequality Takes a Great U-Turn, Bennett Harrison, Chris Tilly, Barry Bluestone; Trends in the Distribution of Wealth among American Families; How Family Spending Has Changed in the United States, Eva Jacobs, Stephanie Shipp; American Living Standards; Participation in Government Benefits Programs; Health Status of the American Population; The Crisis in Health Insurance; We the Americans … Our Homes; Family-Related Benefits in the Workplace, William J. Wiatrowski; Children in Two-Worker Families and Real Family Income, Howard V. Hayghe; Economic Status of the Elderly; The Social and Economic Status of the Black Population; In Black America, Life Grows Shorter, Carlyle C. Douglas; We the American… Hispanics; The Minimum Wage: Its Relation to Incomes and Poverty, Ralph E. Smith, Bruce Vavrichek; The Changing Family in International Perspective; The Economic Effects of Immigration; Chapter VII Government Growth and Government as Manager; The Inevitability of Government Growth, Harold G. Vatter, John F. Walker; Real Public-Sector Employment Growth, Wagner’s Law, and Economic Growth in the United States, Harold G. Vatter, John F. Walker; The Midwest Response to the New Federalism, Peter K. Eisinger, William T. Gormley; A Microeconomic Analysis of the Tax Reform Act of 1986; Do Taxes Change Behavior?; Do Higher Tax Rates Increase Tax Revenues?; Activist Government: Key to Growth, Walter W. Heller; Should Growth Be a Priority of National Policy?, Herbert Stein; Stagnation and Government Purchases, Harold G. Vatter, John F. Walker; Rethinking Regulation; Taking the Measure of Environmental Regulation, Paul R. Portney; The Road We’ve Traveled, Phyllis Myers; Consumer Protection: Problems and Prospects, Laurence P. Feldman, ed.; An Overview of Agricultural Policy … Past, Present, and Future, Raymond E. Owens; Investment in Natural Resources; Two Decades of Energy Policy, Hans H. Landsberg; Welfare Dependency: Fact or Myth?, Richard D. Coe; The Case for a National Welfare Standard, Paul E. Peterson, Mark C. Rom; Social Security Programs in the United States; Military Expansion Economic Decline, Robert W. DeGrasse; The End of the Cold War; A Decent Home; A New Housing Policy for America, David C. Schwartz, Richard C. Ferlauto, Daniel N. Hoffman; A Study of Public Works Investment; How Federal Spending for Infrastructure and Other Public Investments Affects the Economy; A Nation at Risk: The Imperative for Educational Reform; A Limited War on Crime That We Can Win, John DiIulio; Crime and Drugs, Harold G. Vatter, John F. Walker; Chapter VIII The Financial Superstructure, Prices, and Monetary Policy; Financial Markets: Innovation and Stability; Report of Special Study of Securities Markets; Why Deposit Insurance Was Established and How It Is Supposed to Work; Eroding Market Imperfection: Implications for Financial Intermediaries, the Payments System, and Regulatory Reform, Robert A. Eisenbeis; Solvency Problems in the Insurance Industry; Dow Jones Industrial Average Is a Nonsense Number, John F. Walker; A Review of Predictability of Stock Market Prices, G. H. Lawson; A Half-Year Pause in Inflation: Its Antecedents and Structure, John F. Early, Walter Lane, Philip Sturm; The Federal Reserve Response, Sherman J. Maisel; Volcker’s Revolution at the Fed, Andrew H. Bartels; How Monetarism Failed, Nicholas Kaldor; Eurodollars; Central Banking and Systemic Risks in Capital Markets, Andrew Brimmer; Chapter IX The Foreign Balance and Foreign Economic Policy; World Trade and Economic Growth; Multilateral Initiatives: The Uruguay Round; Changing U.S. Trade Patterns, Jack L. Hervey; The North American Free Trade Agreement; Multinational Corporations and the Trade-Investment Linkage; The Changing Role of the International Monetary Fund; The Marshall Plan and Early Bilateral Aid; The Foreign Aid Programs and the United States Economy; Overview of Foreign Assistance; U.S. Exchange Rate Policy: Bretton Woods to Present, B. Dianne Pauls; The Evolution of the Export-Import Bank; Immigration Policy: Political or Economic?, Vernon M. Briggs; Chapter X The Long Stagnation; Why Has the United States Operated Below Potential Since World War II?, John F. Walker, Harold G. Vatter;