Recent failures of monetary and fiscal policy reflect deficiencies in prevailing theories of demand management. Taking available data into account, this book discusses the merits and shortcomings of Keynesian and monetarist approaches and develops the lines along which our theories need to be...

An insider’s perspective on the bureaucratic structure of governmental institutions that shape economic policy, and the incentives and limitations of the individuals who head them.

For many decades the United States has enjoyed great economic success in international markets. In recent years, however, the competitivenessof many American goods and services has diminished. 

What is the link between taxes and manufacturing wages?

Does price competition exist in the mutual fund industry? If so, is it too weak to prevent anticompetitive pricing by investment advisors to retail investors?

This working paper finds no evidence that the SBA loan guarantees serve any focused or rigorously defined public policy purpose at all.

Despite the frequency of tax changes and their potential importance to investors, there has been relatively little modeling of anticipated tax changes.

How are factors such as corruption perception and the level of democracy influencing foreign direct investment to developing economies?

What is the link between taxes and manufacturing wages?

This book is a valuable asset for anyone seeking to make sense of economic news or, more importantly, to place it in a broader context.