<DIV>McDonald's. Blockbuster Video. Jiffy Lube. Subway. Franchising has become an ever-present feature of the American landscape. One-third of the U.S. gross domestic product flows through franchises, and one out of every sixteen workers is employed by one. But how did franchising come to play such a...</div>

<DIV><P>The American economy has provided a level of well-being that has consistently ranked at or near the top of the international ladder. A key source of this success has been widespread participation in political and economic processes. In <I>The Government and the American Economy,</I> leading economic...</i></p></div>

The political and economic history of Latin America has been marked by great hopes and even greater disappointments. Despite abundant resources—and a history of productivity and wealth—in recent decades the region has fallen further and further behind developed nations, surpassed even by...

<DIV><P> The Reagan and Thatcher "revolutions." The collapse of  Eastern Europe dramatically captured in the tearing down of  the Berlin Wall. F. A. Hayek, "grand old man of capitalism" and founder of the classical liberal, free-market revival which ignited and inspired these world events, forcefully...</p></div>

<DIV>Hayek gives the main arguments for the free-market case and presents his manifesto on the "errors of socialism." Hayek argues that socialism has, from its origins, been mistaken on factual, and even on logical, grounds and that its repeated failures in the many different practical applications...</div>

Shareholder litigation and class action suits play a key role in protecting investors and regulating big businesses. But Directors and Officers liability insurance shields corporations and their managers from the financial consequences of many illegal acts, as evidenced by the recent Enron...

<DIV>In this extraordinary rich and subtle work, Arcadius Kahan analyzes a massive collection of documents which revise traditional interpretations of eighteenth-century Russian economic history. Kahan stresses economic rationality in the context of social constraints, offering the fullest and most...</div>

It is often assumed that natural philosophy was the forerunner of early modern natural sciences. But where did these sciences’ systematic observation and experimentation get their starts? In <I>Materials and Expertise in Early Modern Europe</I>, the laboratories, workshops, and marketplaces emerge as...</i>

<DIV>For the first time in generations, Africa is spoken of these days with enthusiastic hope: no longer seen as a hopeless morass of poverty, the continent instead is described as “Africa Rising,” a land of enormous economic potential that is just beginning to be tapped.<BR><BR> With <I>Africa: Why...</i></div>

Every day, in every sector of our economy, a business shuts down while another starts up, jobs are created while others are cut, and workers are hired while others are laid off. This constant flux, or turbulence, is a defining characteristic of our free market system, yet it mostly inspires...