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We describe the patterns of international capital flows in the period 1970−2000. We then examine the determinants of capital flows and capital flows volatility during this per...
IN RECENT YEARS, there has been increased interest in bringing economics and politics together to understand policy. This resurgence of political economy has generated new questions and new models. In...
‘When I first began to study moral arid political philosophy nearly 30 years ago, these subjects were, in the English-speaking world at least, more or less depressed areas. That these subjects have ...
Economics has little to say about ideology and even less to say about how it affects choices and economicperformance. Byideology I mean the subjective perceptions that people have about what the wor...
At least since Adam Smith’s Wealth ofNations (1776), economists have periodically debated the consequences of applying the principle of laissez faire to money.
There are essentially two types of social science explanations of politics and institutions. One approach is to focus on the behavior of the rational individual agent and treat macrostates as outcom...
TOWARD FORECAST-FREE MONETARY INSTITUTIONS
INSTITUTIONS, IDEOLOGY, AND ECONOMIC PERFORMANCE。
During the 1980s, governments began to retreat from regulation of the financial services industry. The retreat promises to be just as dramatic and enduring as developments during the worldwide depr...
In the attempt to establish institutions which foster economic development in the third world, economists often look to the West as a model. This indeed has been the case in Ghana, West Africa. In ...
Since U.S. combat forces left Indochina in 1973, no political, moral, financial, or personal privacy issue has left its mark on the American conscience like the question of legalized abortion. Opini...
It is a pleasure to be here today at the Cato Institute. I know that Cato believes in competition. Perhaps it is this spirit of competition that led you to schedule today’s conference to coincide wi...
In many states, tax and expenditure limits constrain government spending. All but one state have adopted balanced-budget rules. Some governors have the power to veto individual budget items (the so...

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