The President is pleading for a drastic reform of our tax system that would exempt corporate dividends from the personal income tax, using the bugaboo of double taxation and of a weak economy. However, upon closer examination, one must conclude that these are but excuses for advancing his real...

The Plenary Session of the EEA Meetings consisted of a roundtable discussion of the causes and implications of the stock market crash in the Fall of 1987. The four participants, Martin Feldstein, Franco Modigliani, Allen Sinai, and Robert Solow, spoke to a large audience of severarl hundred...