This book argues that privatization of the government-sponsored enterprises is the only viable way to protect the taxpayers and the economy.

This legislative analysis examines the arguments for and against reducing the COLAs for social security and other federal retirement and disability programs, with particular attention to the administration proposal and the policy that was passed by the Senate in May 1985.�

Fannie Mae and Freddie Mac have aggressively used their government support to achieve extraordinarily high profitability and domination of the residential mortgage market.

Because two disparate clients demand loyalty from Fannie Mae and Freddie Mac, these government-sponsored entities must fulfill two ultimately irreconcilable roles.

This is an Invited paper for the World Congress of the Econometric Society held in Seattle in August 2000. We discuss the strong connections between auction theory and "standard" economic theory, and argue that auction-theoretic tools and intuitions can provide useful arguments and insights in a...

Resumen Este artículo realiza una crítica radical a los aspectos fundamentales sobre los cuales se erigen los postulados de la nueva macroeconomía clásica. Como sustento clave de lo que se conoce como "corriente principal" e, ideológicamente, como "pensamiento único" en economía. La nueva...

This article generalizes a set of core design principles for the efficacy of groups that was originally derived for groups attempting to manage common-pool resources (CPRs) such as irrigation systems, forests, and fisheries. The dominant way of thinking until recently was that commons situations...