The Economic Growth Program aims to chart a growth path through the post-bubble world economy by advancing pro-growth policy reforms and bringing innovative solutions to the forefront of public debate. We strive to promote a more balanced pattern of domestic and international growth that creates a stronger productive economy capable of supporting rising living standards for all Americans.

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policy paper | July 17, 2014 | Economic Growth

Emerging Market Portfolio Globalization

The Next Big Thing

Jay Pelosky

In 2014 emerging markets have shown remarkable resiliency despite negative news and record foreign investor outflows. Jay Pelosky, founder of J2Z Advisory LLC, suggests the answer lies with financial asset expansion in the emerging economies themselves—or what Pelosky calls “a rising tide of middle-class wealth.”

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policy paper | July 15, 2014 | Economic Growth

The Wizard of Jobs

How the U.S. Could Generate Over 1.3 Million Private Sector Jobs in Six Months and Still be in a Slump

Daniel Alpert

At first glance, the U.S job picture continues to improve with the U.S. economy generating an average of 222,000 new private sector jobs a month in the first half of 2014. But as Daniel Alpert, a founding member of the World Economic Roundtable, explains in his latest review of America’s job market there is a more sobering reality behind these headline numbers.

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policy paper | June 16, 2014 | Economic Growth

America's Debt Problem

How Private Debt Is Holding Back Growth and Hurting the Middle Class

Joshua Freedman Sherle R. Schwenninger

Over time, the US economy has become more dependent on debt to fuel economic growth. American households, in particular, have become dependent on debt to maintain their standard of living in the face of stagnant wages.

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policy paper | April 30, 2014 | Economic Growth

Pay More, Get Less

How American Socio-Economic Policy Is Falling Short

Joshua Freedman

Staring headlong into a difficult – and changing – world economy that has yet to fully recover from the Great Recession, many middle class families are trapped between low, stagnant wages and an increasingly expensive set of social and economic supports.

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article | October 01, 2013 | Economic Growth

Forget The Wealth Effect

It’s Time to Focus on The Income Effect to Understand the Sluggish Economy

Peter W. Atwater

The “wealth effect” concept is remarkably simple: spending increases (decreases) as perceived wealth increases (decreases). When people perceive themselves to be richer, they spend more. With the prices of stocks and bonds near all-time highs and home prices on the rebound, consumer spending should be on a tear. But it’s not -- much to the consternation of many economists, particularly those at the Federal Reserve. As a result, many believe the wealth effect is somehow broken.

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book | May 01, 2012 | Economic Growth
Private Empire cover image

Private Empire

ExxonMobil and American Power

Steve Coll

In Private Empire Steve Coll investigates the largest and most powerful private corporation in the United States, revealing the true extent of its power.

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book | April 01, 2012 | Economic Growth
Land of Promise cover image

Land of Promise

An Economic History of the United States

From one of America’s leading intellectuals comes a sweeping and original work of economic history, recounting the epic story of America’s rise to become the world’s dominant economy.