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One important aspect of the resulting indebtedness in full-fledged market economies is the mutual influence between different economic sectors. Therefore, alongside the government indebtedness, one mu...
Efficient environmental regulation requires empirical estimates of the benefits and costs of environmental standards and policies. In the last 25 years, economists have made considerable progress in...
During the Age of Mass Migration (1850-1913), the US maintained an open border, absorbing 30 million European immigrants. Prior cross-sectional work finds that immigrants initially held lower-paid...
During the age of mass migration (1850–1913), one of the largest migration episodes in history, the United States maintained a nearly open border, allowing the study of migrant decisions unhindere...
Genetic resistance resources represent an emerging class of environmental resources. These resources are the subject of increasing public interest, especially for resistance in agriculture and antibio...
This symposium seeks to develop a new framework for understanding the September 11 attacks and ensuing government public policy in Iraq and the Middle East. When the call for papers went ...
This research project was conducted to assess the economic impact of an arena on the economy of Pulaski County, Arkansas. Money to build the arena will come from three sources: (1) $20 million from a ...
My thesis will be that monetarists, while their criticism ofthe Fed’s expansionist history has been most welcome and has been instrumental in the struggle against inflation, do not go far enough. In...
It happens often that you prepare a paper or a talk for a conference and before you get to deliver it, all your main topics and even particular ideas have already been discussed. Normally it is not ...
We all know what a popular buzzword “industrial policy” has become inWashington these days. The trouble seems to be that the term “industrial policy” means different things to different people. To ...
The advocacy of an “industrial policy” or a more extensive “government- business partnership” has come into vogue in recent years in the United States, particularly among political leaders. Indeed t...
Introduction Itis nowabout40 years since Professor Hayek decisively Identified the key misconception underlying mainstream welfare economics. This misconception, Hayek argued, was responsible for f...
Throughoutmost of American history, main reliance for Increasing productivityhas beenplacedon the workings ofcompetitive markets In our predominantly free, private enterprise economy. The logic is ...
The title of this article—Economic Affairs as Human Affairs—is derived from a phrase I recall from the earliest days of my political awareness. Dwight Eisenhower used to insist, with demonstrably s...
In terms of protecting personal liberty, no provision of the Constitution is more important than the second sentence of the Fourteenth Amendment’s Section 1, which states: No State shall make or en...

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