John Hause's paper is addressed to the perplexing matters of how to disentangle the effects of ability and schooling on worker earnings, and of the effect of ability on earnings over a worker's lifetime.' His emphasis oil "ability" and schooling as determinants of earnings is surely not intended...

This paper is about people. It is also about productivity and growth of an economy. And it is about the proper role of government in a society devoted to using its limited physical and human resources wisely for the economic and social well-being of its people. A nation's output of goods and...

The market mechanism places a value on those assets to which title can be transferred, and thus the market does evaluate land and capital goods in our economy. The market also provides rental values (wage rates) for labor but not capitalized values, and these are frequently essential for...

As technological developments have altered production techniques, types of mechanical equipment, and varieties of outputs, society has begun to recognize that economic progress involves not only changes in machinery but also in men – not only expenditures on equipment but also on people....