Economic Welfare presents an important collection of leading writings in the fields of policy evaluation. The volume focuses on the conceptual issues behind welfare economics, drawing upon contributions from economics, moral philosophy and social philosophy. The selected readings are designed to...

No Abstract

This brief document introduces the EJW-Mercatus symposium on sovereign debt tipping points and crash dynamics. It explains the motivation for the symposium, chiefly the need for the imaginative formulation and analysis of possible scenarios. The symposium itself contains contributions by Jeffrey...

A successful reconstruction is characterized by a widespread coordination problem, combined with potential pockets of conflict. We analyze the array of relationships that take place in the reconstruction process – political, economic and social – by considering under what circumstances they...

Right-wing politicians sometimes can implement policies that left-wing politicians cannot, and vice versa. Contemporary wisdom has it that 'only Nixon could have gone to China.' The authors develop a model to explain this phenomenon. A policy issue could depend on information, on which every one...