There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the...

When bad economics is good politics / Bruce Bueno de Mesquita and Hilton L. Root -- Order, disorder, and economic change: Latin America versus North America / Douglass C. North, William Summerhill, and Barry R. Weingast -- Political institutions, political survival, and policy success / Bruce...