If raising the minimum wage affected only 2.5 percent of the labor market, as many argue it does, than it would not be such an explosive political issue. In truth, it affects wages well up the income ladder. The authors show why. They argue that a higher minimum wage is an essential part of any...

Proposals that would establish a two-year budget and appropriations cycle for the U.S. government have been offered by both Democrats and Republicans in recent years. This article analyzes the potential impact on such budgeting. The first section examines the budget period in theory and...

In the growing search for alternatives to the narrower versions of mainstream economic theory, the author celebrates the work of an earlier institutional economist, Vernon Briggs. Briggs's "human resource economics" draws from a variety of fields and emphasizes the importance of human capital to...