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Table 2

System Productivity Under System Science or Keynesian Economics for Policy

 

System Science

Keynesian Economics
  GDP Productivity* GDP Productivity*

1947-56

4.2

3.4

    

1957-60

    

2.2

2.6

1960.4-65.2

5.0

4.5

    

1965.2-75.1

    

2.5

2.6

1975.2-76.2

5.5

4.6

    

1976.2-80.4

    

2.7

0.5

1980.4-88.4 (Reagan)

    

2.9

1.6

1988.4-92.4 (Bush)

    

1.5

1.6

1992.4-98.4 (Clinton)

    

3.1

1.6

*Output per hour, all persons. Source: US Department of Commerce and Bureau of Labor Statistics.
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