Brad DeLong, The Seven Cardinal Virtues of Equitable Growth:

1.  Manage the macroeconomy to match aggregate demand to potential supply. Take the dual mandate seriously: maintaining full employment is as important a central bank goal as low and stable inflation…

2.  Invest. Invest in ideas, in equipment capital, in structures capital, in education: we need more of all forms of investment…

3.  Over the past generation, America has shifted enormous resources into value-substracting industries: health-care administration, prisons, finance, carbon energy. We need to reverse those shifts…

4.  We ought to have had a carbon tax 20 years ago. We still need one.

5.  We need more immigration. It is much easier, worldwide, to move the people to where the institutions are already good than to make good institutions where the people are…

6.  We need more equality. If we want to have equality of opportunity 50 years from now, we need substantial equality of result right now.

7.  We are going to need a bigger and better government. The private unregulated market does not do well at health-care finance, at pensions, or at education finance. The private unregulated market does not do well at research and early-stage development. The private unregulated market does not do well with commodities that are non-rival. We are moving into a twenty-first century in which these sectors will all be larger slices of what we do, and so a well-functioning economy will need a larger government relative to the private economy than the twentieth century did.

I’m skeptical of #5 – we need immigration just not sold that we need more of it – but otherwise seems a very solid list.