On July 17th, the George W. Bush Institute released its first book addressing our nation’s most critical issue: the economy. The 4% Solution: Unleashing the Economic Growth America Needs, written by the nation’s brightest economic minds, is a blueprint for 4% GDP growth and offers new and innovative ideas on how to restart America’s economic engines.
The 4% Solution includes a foreword by President George W. Bush and introduction by James K. Glassman, the Institute’s executive director. Edited by Brendan Miniter, the Institute’s editorial director, The 4% Solution features chapters from five Nobel laureates and other leading thinkers, and covers spending, taxes, entitlement reform, the housing crisis, and other pressing issues being debated in Washington and across the country.
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Contributors include:
George W. Bush (Foreword)
James K. Glassman (Introduction)
Chapter 1: Brendan Miniter† — Why We Grow
Chapter 2: W. Michael Cox & Richard Alm — Incentives
Chapter 3: Robert E. Lucas Jr.* — The History and Future of Economic Growth
Chapter 4: Edward C. Prescott* — The Cost of the Welfare State
Chapter 5: Vernon L. Smith* & Steven Gjerstad — At Home in the Great Recession
Chapter 6: Kevin Hassett — Spending, Taxes, and Certainty: A Road Map to 4%
Chapter 7: David Malpass — Sound Money, Sound Policy
Chapter 8: Myron Scholes* — Not All Growth Is Good
Chapter 9: Peter G. Klein — Entrepreneurs and Creative Destruction
Chapter 10: Robert Litan — Baseball’s Answer to Growth
Chapter 11: Nick Schulz — The Role of Intangibles
Chapter 12: Maria Minniti — The Virtuous Cycle
Chapter 13: Carlos Gutierrez — Growth Needs Trade
Chapter 14: Steven F. Hayward & Kenneth P. Green — Market-Friendly Energy
Chapter 15: Charles Blahous & Jason J. Fichtner — Social Security Reform and Economic Growth
*Nobel Laureates
†Editor of The 4% Solution