Zimbabwe experienced the first hyperinflation of the 21st century. The government terminated the reporting of official inflation statistics, however, prior to the final explosive months of Zimbabwe's hyperinflation. We demonstrate that standard economic theory can be applied to overcome this...

This essay examines options for bringing a sounder currency to Jamaica. The issues involved are vital for citizens and politicians in Jamaica because Jamaica's record for producing a sound currency has been so bad

As long as Eastern Europe and the USSR have unsound currencies, they will be unable to transform themselves into market economies. A sound, convertible currency allows people to carry out decentralized planning, which is more efficient than central planning. In nations with so-called internally...

Bulgaria needs to give its monetary reform instant credibility, to avoid the dangers of continuing inflation on the one hand and depression on the other. A fixed exchange rate system with a central bank always fails. There is, however, one proven system that will successfully maintain a fixed...

A history of cost-benefit procedures for water projects is presented, and the current discount rate controversy is reviewed. It is recommended that the discount rate should be based on estimates of the real opportunity cost of public funds, not nominal financial yields on long-term government...

In an article which appeared in this review, we have presented a statistical analysis of the relationship between water use restrictions and urban water use in Perth, Western Australia. The results of our study allow us to predict probable water use with and without water use restrictions. The...

We have accepted and promoted energy conservation policies in an unquestioning way. Perhaps it is the catchword, "conservation," and the mythology which surrounds it which have generated the unfounded enthusiasm. After all, who can be against conservation?

Professor Hanke served as an adviser to Bulgarian President Petar Stoyanov, from 1997 to 2002. In 1997, Bulgaria adopted a Currency Board System, based on Professor Hanke's draft Currency Board Law, which he authored at the request of President Stoyanov. The Currency Board brought an end to...