How to Stabilize the Housing Market
The central irony of a financial crisis is that while it is caused by too much confidence, borrowing and lending, and spending, it can be resolved only with more confidence, borrowing and lending, and
Research
The World Must Insist that Europe Act
In his celebrated essay “The Quagmire Myth and the Stalemate Machine”, published in 1972, Daniel Ellsberg drew out the lesson regarding the Vietnam war that came out of the 8,000 pages of the Pentagon
What the U.S. Government Can Learn from Business
Whatever late compromise is finally agreed upon in the U.S. debt ceiling debate, the most difficult hurdles for any deficit-reduction effort lie ahead.
Access Pricing, Competition, and Incentives to Migrate From "Old" to "New" Technology
In this paper, we analyze the incentives of an incumbent and an entrant to migrate from an "old" technology to a "new" technology, and discuss how the terms of wholesale access affect this migration.
Collaborative Governance
How They Wrecked the Economy
Why Smart Business Wants Strong Government
Are you a cat person or a dog person? Red Sox fan or Yankees fan?
Beyond Big or Small Government
"Cut!" "Keep!" "Abolish!" "Preserve!" Such is what passes for political discourse these days.
The Crisis of 2008 and Financial Services Regulation
Book abstract: The financial crisis of 2008 raised crucial questions regarding the effectiveness of the way the United States regulates financial markets. What caused the crisis?
The Real Stakes of Getting Tough with Public Workers
A coherent consensus on where public workers stand, relative to their private-sector counterparts, is elusive.
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