Previous articles on the transfer problem pay scant attention to the problems caused by the distortionary taxation that extracts the gift from the donor nation or the cut in distortionary taxation that bestows the gift to the recipient nation. When combined with inflexibility in the real wage...

From January 2019 Duke employees who are paid monthly have a changed set of mutual funds to choose from in their Duke University Faculty and Staff Retirement Plan. Which mutual funds are good choices? We compare the new lineup of funds with the Vanguard funds that have been cut from the...

The following tables show the results of the probit analysis for the Senate and the House. A table including results for different combinations of the independent variables is included in an unpublished appendix available from the authors upon request. The results of the probit analysis for the...

War is costly both because of the resources used up and because of the inefficiency introduced by the higher taxes necessary to finance them. War has been justified by its ability to help an economy achieve full employment. Robert Barro argues that war increases employment because folks work...