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The American economy continues to show steady growth despite massive federal deficits and skyrocketing energy costs. Compared to the economies of Japan and most western European nations, the American economy's capacity for job creation seems particularly dynamic. Yet concerns about the direction of our economy persist, as the deficit balloons and the gap between rich and poor widens. Sperling, the national economic advisor to President Clinton and currently the director of the Center on Universal Education at the Council on Foreign Relations, deals with these concerns in a low-key, generally sensible treatise that avoids the inflammatory language frequently characterizing today's debates on economic policy. Dogmatists from the Right and Left will dismiss many of Sperling's suggestions, but flexible Republicans and Democrats may find much common ground here. He recognizes both the inevitability and the value of globalization but realizes the short-term havoc it can create in particular industries. He offers interesting observations on issues as varied as paid family leave, Social Security reform, and universal preschool education. Jay Freeman
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Review
"In the 1990s, Gene Sperling played a pivotal role in America's progressive economic revival, which led to record job growth, higher middle-class wages, and millions of Americans being lifted out of poverty. With this book, he offers a far-reaching but commonsense vision of how to do it again, in a more complex time. For anyone committed to long-term prosperity that benefits all Americans, this book is a must read."
-- President Bill Clinton
"Gene Sperling, one of the chief architects of Clintonomics, does it again. With humanity, optimism, and realism, his important book, The Pro-Growth Progressive, tells us how to channel the forces of economic change to our advantage."
-- George A. Akerlof, Nobel Laureate in Economics 2001
"Globalization confronts us with a baffling array of domestic, economic, and political issues, alongside some rapidly emerging geo-political and geo-economic forces. Gene Sperling's balanced and sophisticated analysis, and an unusually wide array of possible prescriptions, is indeed an impressive piece of work."
-- Peter G. Peterson, former Secretary of Commerce and author of Running On Empty
"Even if you have never completed an economics course, this hugely readable book charts a comprehensible and balanced course between doctrinaire policies of both right and left. No misty theoretician, Sperling espouses specific and practical responses to economic and societal problems that too many have thought insoluble."
-- Arthur Levitt, former Chairman of the Securities and Exchange Commission
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