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Economic Policy in a More Uncertain World
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Economic Policy in a More Uncertain World

Aspen Economic Strategy Group
Aspen Institute, 2023

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Editorial Rating

7

Qualities

  • Analytical
  • Scientific
  • Overview

Recommendation

This collection of seven academic-style papers – sponsored by the Aspen Institute and its chairs, former US Treasury secretaries Henry M. Paulson, Jr. and Timothy F. Geithner – touches on the major economic issues currently facing the United States. The papers are more reader-friendly and less pedantic than such texts tend to be, and so they are well-suited to students and nonfinancial professionals. The essays focus on productivity, innovation and the cumulative economic outcomes that incremental changes in population are having on the capabilities and resources of the American economy.

Take-Aways

  • US rates of innovation and productivity are below where they need to be, and more competition – including from abroad – would help.
  • Total US R&D funding remains strong, but a shrinking proportion of directly funded open-ended research is a concern.
  • The birth rate in the United States is declining faster than previously forecast, and health care costs are rising.

About the Author

The Aspen Economic Strategy Group is part of the Aspen Institute, a nonpartisan US think tank.

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