Skip to main content
Return to Brookings Papers on Economic Activity
BPEA Article

Capacity Creation in Basic-Materials Industries


THE ADEQUACY of industrial capacity has not been a central concern of
postwar stabilization policy. Aggregate-demand targets, such as potential
gross national product, have typically been defined with reference only to
labor-market conditions.


John B. Shoven

Charles R. Schwab Professor of Economics - Stanford University, and NBER

Robert J. Gordon

Stanley G. Harris Professor of the Social Sciences - Northwestern University

Get daily updates from Brookings