An implication of the Coase theorem is that under certain conditions, the market equilibrium in a cap-and-trade system will be cost-…
One of the most well-established relationships in the economics of aging is that between health and wealth. Yet this relationship is also…
Even if the process of economic recovery proves protracted, the American economy will eventually recover, and cyclical issues will cease to…
In 1791 Alexander Hamilton submitted as U.S. Secretary of the Treasury a now-famous Report on the Subject of Manufactures. In it he…
Twenty-five years ago, President Ronald Reagan angered many Democrats with a broad effort to eliminate red tape and allow states discretion…
The past thirty years have seen a dramatic decrease in the rate of income convergence across U.S. states.
This decline coincides with a…
The recent decision by the Obama administration to ease economic sanctions on Myanmar (also known as Burma) presents an important…
As the G20 leaders prepare to conclude their meeting today, once again good news has had a half-life in the markets of less than 24 hours.…
This article addresses the challenge of managing uncertainty when producing estimative intelligence. Much of the theory and practice of…