A new mandate

Lou Ferleger

Bill Clinton's presidential victory was recognition by a large segment of the United States electorate that "supply-side economics" had not lived up to its promise of raising the income levels of most households. It was time to try something else. In A New Mandate, Louis Ferleger and Jay Mandle put forward a fresh strategy for restoring American competitiveness, arguing that productivity growth and technological change can be reconciled with democratic and egalitarian values. Because rapid economic growth is the sole means by which living standards can be advanced, according to the authors, a commitment to raising productivity should be an essential component of democratic politics. Ferleger and Mandle believe that enhanced educational opportunities for the American people, particularly minorities, are the best way to accelerate productivity growth. They contend that this would not...

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