Journal of Economic Literature - Book Review

Seeds of Destruction: Why the Path to Economic Ruin Runs through Washington, and How to Reclaim American Prosperity by Glenn Hubbard and Peter Navarro

Published By: Upper Saddle River, N.J.: Pearson Education, FT Press
ISBN: 978-0-13-702773-6
Date of Publication: 2011

Michael S. Barr of University of Michigan Law School reviews "Seeds of Destruction: Why the Path to Economic Ruin Runs through Washington, and How to Reclaim American Prosperity" by Glenn Hubbard and Peter Navarro. The EconLit Abstract of the reviewed work begins "Presents a bipartisan blueprint for reversing America's economic decline through sustained growth. Discusses when America's four growth drivers stall and our economy stagnates; how to lift the American economy with the ten levers of growth; whether an easy-money street is a dead end; whether you can stimulate your way to prosperity; whether raising taxes lowers America's growth rate; whether the best "jobs program" may be trade reform; whether America's foreign oil addiction stunts our growth; cutting the Gordian knot of entitlements; whether Obama's health care plan makes our economy sick; how to prevent another financial crisis--and housing bubble; and how to implement the Seeds of Prosperity policy blueprint. Hubbard is Dean of Columbia Business School. Navarro is a business professor at the University of California, Irvine. Index."

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Michael S. Barr of University of Michigan Law School

E23: Macroeconomics: Production
E66: General Outlook and Conditions
O47: Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence