Today the United States has one of the highest poverty rates among the world's rich industrial democracies. <i>The Failed Welfare Revolution</i> shows us that things might have turned out differently. During the 1960s and 1970s, policymakers in three presidential administrations tried to replace the...

The greatest obstacle to sound economic policy is not entrenched special interests or rampant lobbying, but the popular misconceptions, irrational beliefs, and personal biases held by ordinary voters. This is economist Bryan Caplan's sobering assessment in this provocative and eye-opening book....

In the 1990s, large insurance companies failed in virtually every major market, prompting a fierce and ongoing debate about how to better protect policyholders. Drawing lessons from the failures of four insurance companies, <i>When Insurers Go Bust</i> dramatically advances this debate by arguing that...

Immigration divides our globalizing world like no other issue. We are swamped by illegal immigrants and infiltrated by terrorists, our jobs stolen, our welfare system abused, our way of life destroyed--or so we are told. At a time when National Guard units are deployed alongside vigilante...

During the 1990s, the United States underwent a dramatic transformation: investing in stocks, once the province of a privileged elite, became a mass activity involving more than half of Americans. <i>Pop Finance</i> follows the trajectory of this new market populism via the rise of investment clubs,...

In 1700, most composers were employees of noble courts or the church. But by the nineteenth century, Chopin, Schumann, Brahms, Verdi, and many others functioned as freelance artists teaching, performing, and selling their compositions in the private marketplace. While some believe that Mozart's...

<i>Macroeconomic Theory</i> is the most up-to-date graduate-level macroeconomics textbook available today. This book truly offers something new by emphasizing the general equilibrium character of macroeconomics to explain effects across the whole economy, not just part. It is also the perfect resource...

Economists seem to be everywhere in the media these days. But what exactly do today's economists do? What and how are they taught? Updating David Colander and Arjo Klamer's classic <i>The Making of an Economist</i>, this book shows what is happening in elite U.S. economics Ph.D. programs. By examining...

<i>Macroeconomic Theory</i> is the most up-to-date graduate-level macroeconomics textbook available today. This book truly offers something new by emphasizing the general equilibrium character of macroeconomics to explain effects across the whole economy, not just part. It is also the perfect resource...

In 1945, many Europeans still heated with coal, cooled their food with ice, and lacked indoor plumbing. Today, things could hardly be more different. Over the second half of the twentieth century, the average European's buying power tripled, while working hours fell by a third. <i>The European...</i>