We introduce public capital and public services as inputs in an endogenous growth model. We show that the growth rate depends on the apportionment of tax revenues between the accumulation of public capital and the provision of public services. When public spending is financed by proportional...

Those who teach undergraduate courses on the history of economic thought are on a constant and alert lookout for a suitable textbook—more so than those who teach other courses. Such a book must introduce readers to the chief dramatis personae in a full and accurate manner and—no less...

I discuss a generalized Heckscher-Ohlin-Vanek (HOV) model in which consumption requires time as well as money (as in Becker's theory of the allocation of time) and the amount of work that a worker can do per unit of time - her "ability" - varies from country to country. High ability implies high...