This paper defines de-industrialisation as a secular decline in the share of manufacturing in national employment. De-industrialisation, in this sense, has been a widespread feature of economic growth in advanced economies in recent decades. The paper considers briefly what explains this...

This paper examines the role of marriage as an institution for providing couples with the confidence to make long-term investments in their relationship. No-fault divorce has undermined the notion of marriage as a contract, thereby reducing the security offered by marriage and promoting...

Many economists believe that capital accumulation, technical progress and labour force expansion have no lasting effect on unemployment. This view rests on the empirically doubtful assumption that the elasticity of substitution between labour and capital is equal to unity (i.e., production is...