There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the...

In Designing US Economic Policy , W. Robert Brazelton analyzes the development of US economic policy in the aftermath of the Second World War. As the world struggled to recover from the massive wartime expenditure, it was essential that economic policy not repeat the mistakes of the prewar era...

The papers in this volume represent some of the leading work on intellectual property. They address the question of how to create incentives to develop new technologies and how to protect those technologies once developed from theft. They also ask when valuable property might be developed even...