The fall of the dollar has affected the entire world. But is it permanent? This piece reviews the forces that have contributed to the weakness of the dollar and its losing favor as the world's premier currency. The economists discuss the structural problems in the U.S. economy that, unless...

If a goal of immigration reform is to lessen the flow of unauthorized immigrants into the U.S., could international trade be used to deter immigration rather than adopting legal barriers? The purpose of this paper is to shed some light on this question by considering the theoretical foundations...

The Great Recession of 2007–2009 originated in the United States and quickly spread throughout the economies of Canada and Europe. Soon these countries imported fewer goods produced by emerging countries and the crisis became global. International trade collapsed at a pace unseen since...

against countries that have been implicated in the development of weapons of mass destruction and the use of terrorism. These sanctions have included limitations on customary trade and/or financial relations with a target country. Are sanctions effective in discouraging the proliferation of...

There is now widespread agreement that the United States must do something about the amount of oil it consumes. But all proposals are a trade-off between the good and the bad. In a useful, even-handed analysis, the authors analyze several widely discussed solutions and present the pros and cons...

How do you revive the steel industry and protect workers as well? The authors present a comprehensive analysis of the evolving industry, new protectionist measures, and better ideas about helping the threatened steelworkers.

In recent years, college students, professors, and legislators from around the country have increasingly questioned the pricing practices of college textbook publishers. Many college students today have yearly textbook bills of $800-$900. The college textbook industry makes a good case study of...