The revolutionary growth in economic prosperity and technological change that underlie the "new economy" have profoundly affected the arts. They have evidently contributed new and previously unimaginable methods of dissemination and preservation. But they have even had revolutionary effects on...

Neither neoclassical nor Keynesian economics displays much patience with the popular notion that technical progress of the labor-saving variety tends to swell the ranks of the unemployed. Those who believe that market forces tend automatically to bring the economy back, if not to "full...

Privatization outside Eastern Europe has encountered more difficulties than are generally recognized. The firms sold by government are often endowed with market power in part because when nationalized they had been protected from competition. Consequently they are often subjected to tight...

Depreciation policy is analyzed from the point of view of optimal inter-temporal resource allocation. Because depreciation determines the time pattern of prices of the product of an asset it affects the timing of demands. Models extended from peak-load pricing theory are used to determine rules...