How are children to prepare for an era in which work can be outsourced anywhere in the world, university graduates compete with computers and robots for jobs, and in which any number of other, unforeseeable social and economic trends may transpire? Popular discourses on educational reform talk of the need for schools and colleges to produce more…

In this paper the authors identified the size of America's home market as a crucial component of its historical comparative advantage. The authors showed that over the last four decades nearly 60 percent of per capita U.S. growth has been dependent upon growth in the domestic consumption. Thus, a comprehensive demand side strategy also must target…