Macroeconomic strategy for the 1990s : (Record no. 598762)

MARC details
000 -LEADER
fixed length control field 02747cam a2200361 i 4500
001 - CONTROL NUMBER
control field rnd000000000111987
003 - CONTROL NUMBER IDENTIFIER
control field RAND
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 930927s1993 caua b 000 0 eng d
010 ## - LIBRARY OF CONGRESS CONTROL NUMBER
LC control number 93006415
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 0833014498
027 ## - STANDARD TECHNICAL REPORT NUMBER
Standard technical report number RAND/MR-325-RC
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) a346139
037 ## - SOURCE OF ACQUISITION
Terms of availability $15.00
040 ## - CATALOGING SOURCE
Original cataloging agency CstmoR
Transcribing agency CstmoR
050 00 - LIBRARY OF CONGRESS CALL NUMBER
Classification number HC106.82
Item number .L49 1993
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Levine, Robert A.
Relator term author.
245 10 - TITLE STATEMENT
Title Macroeconomic strategy for the 1990s :
Remainder of title getting the long run right /
Statement of responsibility, etc Robert A. Levine, Peter J.E. Stan.
264 #1 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE STATEMENTS
Place of production, publication, distribution, manufacture Santa Monica, CA :
Name of producer, publisher, distributor, manufacturer RAND,
Date of production, publication, distribution, manufacture 1993.
300 ## - PHYSICAL DESCRIPTION
Extent xxi, 46 pages :
Other physical details illustrations ;
Dimensions 23 cm
336 ## - CONTENT TYPE
Content Type Term text
Content Type Code txt
Source rdacontent
337 ## - MEDIA TYPE
Media Type Term computer
Media Type Code c
Source rdamedia
337 ## - MEDIA TYPE
Media Type Term unmediated
Media Type Code n
Source rdamedia
338 ## - CARRIER TYPE
Carrier Type Term online resource
Carrier Type Code cr
Source rdacarrier
338 ## - CARRIER TYPE
Carrier Type Term volume
Carrier Type Code nc
Source rdacarrier
504 ## - BIBLIOGRAPHY, ETC. NOTE
Bibliography, etc Includes bibliographical references.
520 ## - SUMMARY, ETC.
Summary, etc The central economic debate for the first half of 1993, couched in terms of short-run economic stimulus versus long-run deficit reduction was misleading for U.S. long-run strategy. Our long-run depends on growth, but economic growth does not have the close relationship to deficit reduction that is frequently asserted, and deficit reduction should not become the central objective of economic strategy that it is becoming. It has been asserted that: (1) U.S. productivity is decreasing, but the record of the 1980s does not bear this out; (2) productivity increases depend on increased investment in business plant and equipment, but technological change and associated factors like education are important; and (3) investment in U.S. plant and equipment has been decreasing because of decreased American savings caused by increased deficits, but investment has not been decreasing, although more of it has been financed from abroad. In any case, increased consumption is frequently a better way of increasing investment than is increased saving. The drive to cut the deficit may thus exert a long-run downward pressure on growth and employment. Further, it may also cut back public expenditures for infrastructure and other needs, which may be as important for growth as private investment. None of this means that the deficit should be ignored. It does mean that it should be put into proper proportion relative to the total of the factors needed to encourage economic growth.
530 ## - ADDITIONAL PHYSICAL FORM AVAILABLE NOTE
Additional physical form available note Also available on the internet via WWW in PDF format.
588 ## -
-- Description based on print version record.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Macroeconomics.
651 #0 - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME
Geographic name United States
General subdivision Economic policy
Chronological subdivision 1993-2001.
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Stan, Peter J. E.,
Dates associated with a name 1955-
Relator term author.
710 2# - ADDED ENTRY--CORPORATE NAME
Corporate name or jurisdiction name as entry element Rand Corporation.
856 41 - ELECTRONIC LOCATION AND ACCESS
Link text Online Access
Uniform Resource Identifier <a href="http://www.rand.org/pubs/monograph_reports/2006/MR325.pdf">http://www.rand.org/pubs/monograph_reports/2006/MR325.pdf</a>

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