Murray Weidenbaum Publications

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  How to Restore Employee Trust in Management: A New Social Contract for the American Workplace

  Murray L. Weidenbaum

  November 1994

  Occasional Paper 145

  The number of layoffs and the amount of downsizing in corporate America are both happening at unprecedented rates. Firing workers has falsely become the ultimate management tool to success. The old social contract of work in exchange for fair pay and some measure of job security is deteriorating. Accordingly, this paper introduces a new social order that replaces paternalism with partnership, views employees as value-adding resources, and focuses both employers and employees on meeting the customers' needs and desires.

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  The Evolving Corporate Board

  Murray L. Weidenbaum

  May 1994

  Contemporary Issues Series 65

  Due to criticisms of corporate boards in the early 1990s, reform proposals are discussed to improve corporate governance.

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  The Savings-Exempt Income Tax (and the Companion Business Cash-Flow Tax)

  Murray L. Weidenbaum

  July 1994

  Policy Study 122

  The United States would benefit greatly by reforming the national system of taxation to encourage more saving and investment. Doing so would help to achieve faster economic growth, higher levels of unemployment, and smaller budget deficits. Specifically, a savings-exempt income tax on individuals and families coupled with a companion cash-flow tax on business should replace the existing federal income taxes.

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  A New Technology Policy for the United States

  Murray L. Weidenbaum

  April 1993

  Occasional Paper 124

  The Clinton Administration is proposing a new technology policy, but unfortunately wants to follow the policy used when national security was the motivating force. A new policy would be more effective if it reduced governmental obstacles to the commercialization of new technology.

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  Clintonomics: An Early Look

  Murray L. Weidenbaum

  March 1993

  Occasional Paper 122

  More of an activist administration is expected during President Clinton's first term, which will include more regulation and higher business and upper income bracket taxation. More spending programs are expected as well, which could create opportunities for industrial companies that work with the government.

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  Greater China: The Next Economic Superpower?

  Murray L. Weidenbaum

  February 1993

  Contemporary Issues Series 57

  This article shows how the Asian rim has become the fastest growing part of the world and will continue to do so into the 21st century.

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  How Government Reduces Employment

  Murray L. Weidenbaum

  December 1993

  Contemporary Issues Series 61

  Murray Weidenbaum shows how the federal government conducts many activities that affect the ability of the private sector to create jobs.

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  How Government Reduces Employment

  Murray L. Weidenbaum

  November 1993

  Occasional Paper 134

  Government mandates contribute to reducing the ability of the private sector to create jobs. But ways need to be developed that can offset this.

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  Restraining Medicine Prices: Controls vs. Competition

  Murray L. Weidenbaum

  April 1993

  Policy Study 116

  With the cost of prescription medicines constantly rising, the government has been considering price controls. This report explains the R&D process from laboratory studies to FDA review to approval by the FDA. As an alternative to price controls, competition could be a way for helping to keep prices down.

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  The Case for the Savings-Exempt Income Tax

  Murray L. Weidenbaum

  October 1993

  Occasional Paper 131

  Murray Weidenbaum gives his reasons why he supports a savings-exempt income tax.

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  The Economic Challenges of the Next Four Years

  Murray L. Weidenbaum

  February 1993

  Occasional Paper 121

  During President Clinton's first term, it is expected that a national industrial and planning policy will be adopted. More government regulation, more taxes for those in the upper brackets, and more spending programs are expected as well.

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  The U.S./EC Relationship: Friends and Competitors

  Murray L. Weidenbaum

  October 1993

  Occasional Paper 130

  The United States and the European Community need to develop a better understanding of how to simultaneously be both friends and competitors. U.S. firms with facilities in the EC will benefit from this regional trade zone while others will find difficulties trying to export goods to the EC. The author concludes that he expects the United States and the European Community will work more closely in the 21st century.

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  Answering the Arguments Against the Consumption Tax

  Murray L. Weidenbaum

  September 1992

  Occasional Paper 112

  By shifting U.S. taxation from income to consumption, more revenue would be generated for the U.S. Treasury. This would also enable the American people to enjoy a higher living standard.

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  A Preview of Clintonomics

  Murray L. Weidenbaum

  November 1992

  Occasional Paper 116

  This paper is an assessment of the key economic and business actions that the Clinton Administration will focus on.

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  Earth Summit, Global Warming, and the Citizen: Economics, Science and Emotion

  Murray L. Weidenbaum

  May 1992

  Occasional Paper 106

  A barrage of news stories, editorials, and even business advertisements is proclaiming that this is our last chance to save the planet. Examining the evidence for global warming, this paper finds a lack of convincing data to allow any conclusive analysis. Regarding the Earth Summit, it outlines six reasons why the conference is unlikely to achieve its stated goals.

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  "Earth Summit": UN Spectacle with a Cast of Thousands

  Murray L. Weidenbaum

  February 1992

  Occasional Paper 102

  Under the guise of cleaning up the environment, the UN sponsored the first-ever "Earth Summit" in June 1992 in Rio de Janeiro. The conference, officially titled the UN Conference on Environment and Development (UNCED), was estimated to have been the largest conference ever held in the world at the time. UNCED's wide-ranging agenda obscures any real focus for the meeting, which attempted to synthesize economic and environmental globally. Given this unprecedented scope, much of the material leading up to the conference was hysterical, emotionalized, and unscientific in nature.

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  "Earth Summit": UN Spectacle with a Cast of Thousands

  Murray L. Weidenbaum

  March 1992

  Contemporary Issues Series 50

  Murray Weidenbaum points out that the UN-sponsored Earth Summit bases many of its environmental assertions on unsound scientific research.

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  Pharmaceutical Regulation and Productivity Challenges

  Murray L. Weidenbaum

  September 1992

  Occasional Paper 113

  With the costs of pharmaceuticals increasing, steps need to be taken to modernize the approach process in order to reduce the cost of developing new medicines and increase the availability of new and better pharmaceuticals.

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  Responding to Foreign Competition: Overcoming Government Barriers

  Murray L. Weidenbaum and Harvey S. James Jr

  September 1992

  Policy Study 113

  For a variety of reasons, governments erect barriers to international trade. In order to survive in the global marketplace, companies, therefore, need to overcome these barriers, whether by exporting, acquiring other firms, or entering strategic alliances with other businesses.

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  Small Wars, Big Defense: Living in a World of Lower Tensions

  Murray L. Weidenbaum

  February 1992

  Contemporary Issues Series 49

  Murray Weidenbaum discusses ways to reduce military spending in the 1990s.

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  Strengthening Israel's Economy

  Murray L. Weidenbaum

  September 1992

  Occasional Paper 110

  The Israeli economy is very socialized and heavily regulated. Because of this, it suffers from slow growth and high inflation. To change this, Israel needs to become much more privatized.

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  The Case for Taxing Consumption

  Murray L. Weidenbaum

  April 1992

  Occasional Paper 103

  The governments of most industrialized nations, especially in the European Community, use consumption taxes far more than the United States. Yet a low-saving, slow-growing economy such as the United States would benefit greatly from shifting the national revenue system from taxing income to taxing consumption. That change would provide a powerful incentive to increase the nation's saving and investment and, therefore, economic growth and living standards. This report examines the pros and cons of consumption taxation and also analyzes the major policy alternatives to structuring a new tax of that type.

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  The Case for Taxing Consumption

  Murray L. Weidenbaum

  July 1992

  Contemporary Issues Series 54

  This piece points out the benefits of taxing consumption instead of income.

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  The Defense Industrial Base for the 1990s

  Murray L. Weidenbaum

  May 1992

  Occasional Paper 104

  Although the bottom is not about to fall out of the military market, a tough period of belt tightening has begun. The severity of these adjustments will vary based on the size and relationship of businesses to the defense industry. Ultimately, the military procurement process must be reformed. First, by streamlining the rules. Second, by upgrading the caliber of the people involved in the process. And finally, by changing the incentive structure facing the people who produce the equipment.

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  The Shifting Roles of Business and Government in the World Economy

  Murray L. Weidenbaum

  December 1992

  Occasional Paper 118

  With the changing global marketplace, business firms, governments, and the consumer need to be able to understand and adapt to changing economic and technological trends in order to benefit.