Recent commentators on Russia's economic reforms have almost uniformly declared them a disappointing and avoidable failure. In this book, two American scholars take a new and more balanced look at the country's attempts to build capitalism on the ruins of Soviet central planning. They show how...

Public economics studies how government taxing and spending activities affect the economy--economic efficiency and the distribution of income and wealth. This comprehensive text on public economics covers the core topics of market failure and taxation as well as recent developments in both...

The Earth is getting warmer. Yet, as Hans-Werner Sinn points out in this provocative book, the dominant policy approach--which aims to curb consumption of fossil energy--has been ineffective. Despite policy makers’ efforts to promote alternative energy, impose emission controls on cars, and...

This solutions manual for Intermediate Public Economics (MIT Press, 2006) offers students an opportunity to practice using the analytical tools of public economics at intermediate and more advanced levels. The 424 exercises in the textbook (all of which are covered in the solutions manual) vary...

The United States and other nations are facing large-scale risks at an accelerating pace. In 2005, three major hurricanes—Katrina, Rita, and Wilma—made landfall along the U.S. Gulf Coast within an eight-week period. The damage caused by these storms led to insurance reimbursements and...

From Malthus to Becker, the economic approach to population growth and its interactions with the surrounding economic environment has undergone a major transformation. Population Economics elucidates the theory behind this shift and the consequences for economic policy. Razin and Sadka...

What principles should govern the design of governmental, budgetary and financial policy? Policymakers in the major industrial countries and officials of international organizations are deeply concerned about rising public debt burdens. But there are others who believe that only public spending...

Charles P. Kindleberger's rich and distinguished career has spanned nearly six decades. The essays collected here reflect the author's shift in interests from foreign exchange to international trade, economic growth, and economic history, especially financial history. They also contain dollops...

These studies of Colombian economic, political, and social institutions offer not only theoretically grounded analyses but also practical recommendations for policy reform. Experts from the United States, Europe, and Colombia approach such problems as executive-legislative branch conflict,...

The sixteen essays in this book were written to celebrate the ninetieth birthday of Richard Musgrave and to commemorate the tenth anniversary of CES, the Center for Economic Studies at the University of Munich. Musgrave is considered to be a founding father of modern public economics. He belongs...