A successful reconstruction is characterized by a widespread coordination problem, combined with potential pockets of conamp;#64258;ict. We analyze the array of relationships that take place in the reconstruction process - political, economic and social - by considering under what circumstances they...

I consider recent proposals that the government should attempt to stabilize the nominal value of a CPI futures contract. Under a variety of conditions arbitrageurs will break the peg and bankrupt the central bank, the central bank ends up in a gaming problem with private traders, or the regime...

Intro -- Contents -- Introduction -- 1. The Arts in a Market Economy -- 2. The Market for the Written Word -- 3. The Wealthy City as a Center for Western Art -- 4. From Bach to the Beatles: The Developing Market for Music -- 5. Why Cultural Pessimism? -- Notes -- Index.

The 20th century has seen some of the greatest restrictions on liberty of any period in human history, as well as significant liberalizations and improvements. These questions do not always hold a central place in mainstream academic dis-course, but there are scholars who seek to explain how and...

As hope of a quick end to the COVID-19 pandemic fades, both policymakers and analysts are shifting focus to restarting the economy. As of late April, more than 26 million Americans had filed for unemployment. Estimates of the cost of every month of partial shutdown are as high as $1.07 trillion...