This paper explores the effects of several cultural values, attitudes, and the like, on some of the main dimensions of economic performance. It shows a weak correlation between continental countries' relative endowment of some cultural attributes and the relative performance of their national...

It was a huge mistake to see monetary policy as a static problem of engineering the desired balance between unemployment and inflation. The cyclical phases of economic expansion and contraction do not repeat themselves the same way twice in a row, so the monetary and fiscal remedies that worked...

When a governmental crisis subsides, citizens are apt to wonder whether all the deficit spending is going to cost something. This situation is the subject of wildly differing views. Which view appears to be most nearly right? The Keynesian view that public debt serves to pull up employment, thus...