The central causes of the Savings and Loans debacle, according to this study, lay in the decision to substitute government regulation for the disciplines of the market.

This book recommends the creation of a new, alternative legal structure for collective investment, the "managed investment trust."

In this volume, the author describes the changes in wages during the 1980s that led to increased rewards in schooling in the labor market.

The current approach toward U.S. securities regulation by the Securities and Exchange Commission should be revamped by implementing a regime of competitive federalism.

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

The recent slowdown in the rate of decline for semiconductor prices suggested by the PPI is puzzling in light of evidence that the performance of MPUs has continued to improve at a rapid pace. The authors argue that hedonic indexes provide a more accurate measure of price changes.

It is clear that there is no legitimate basis for the proposed expensing of employee stock options.

The establishment of new accounting rules for expensing options would likely do more harm than good.

Requiring companies to expense options in the absence of any satisfactory method to evaluate their costs would be inconsistent with the principles and objectives of accounting.