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The shortcomings prevalent in much of economics generally are especially prominent in development economics. In the mainstream development literature they have been combined with disregard of evide...
Two very good years were 1776 and 1787. The first of these years saw the publication of Adam Smith’s Wealth of Nations and the Declaration of Independence, two ofthe most influential documents in W...
Some economists argue that the absence of an international government is a serious hindrance to an open world order. In this paper, I explore the nature of an international order and argue that an ...
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...
THE ECONOMICS OF REGULATING DECEPTION
You cannot change the form of property without changing the form of power. . . . [un Communist countries the economy, in the final analysis, is the means of politics. The economy is ruled and contro...
In his seminal article “The Economics of Minimum Wage Legislation” (1946) George Stigler used what are now standard resource misallocationand loss ofemployment arguments to criticize the minimum wa...
Americans now stand on the brink oftransferring massive additional powers over their personal health care to the federal government. Politico-economic techniques used to pass the original Medicare l...
The “Report of the International Financial Institution Advisory Commission” (IFIAC 2000), released in March, is a blueprint for reforming the International Monetary Fund, the World Bank, and other ...
The Challenge to the Presumption of Bias Many conservatives charge that the national news media exhibit a liberal bias, despite surface appearances of impartiality. Charges of a liberal bias essent...
This discussion was recorded at the Hoover Institution for use at a conference at Princeton University, “How Does Development Happen? A Conference in Tribute to Peter Bauer,” May 6–8, 2004—Ed.
This article is intended to be a sort of flyover, examining certain key aspects of monetary and real exchange rate economics from a convenient distance. In it I try to avoid getting into technic...
This paper explores the interface between personality psychology and economics. We examine the predictive power of personality and the stability of personality traits over the life cycle. We develop s...
The School of Management and Economics at the University of Edinburgh emphasises their research focus and international orientation in supporting undergraduate, postgraduate, MBA and research programm...
Expected earnings and expected returns to education are seen by labor economists as a major determinant of educational attainment. In spite of this, the empirical knowledge about expectations and thei...

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