The consumer price index (CPI) is one of the most important statistics the government produces. It's also one of the most misleading, badly overstating annual cost-of-living increases. Hoover fellow Michael J. Boskin, who chaired the U.S. Congressional Advisory Commission on the Consumer Price Index, explains why.
The Boskin commission frees us from slavery to a flawed statistic-and permits us to see the "observable betterment of economic conditions in the United States." An accolade from the editors of the Wall Street Journal.
Hoover fellow Kenneth L. Judd believes that income inequality in the United States has been growing for two decades—and argues that we ain't seen nothin' yet. Why the gap will widen—and what can be done about it.
A recent study divided fiscal reforms in a number of countries into two types. Type-one reforms were successful. They tended to cut spending. Type-two reforms were failures. They tended to raise taxes. Will President Clinton choose type one or type two? By Hoover fellow Robert J. Barro.
Despite a growing nuclear threat from Third World countries and terrorist groups, the United States is getting rid of its own nuclear weapons as fast as it can. Hoover media fellow Tom Bethell reports on what amounts to unilateral disarmament.
Engaging in one peacekeeping mission after another, the armed forces of the United States have grown ill-prepared to wage war. An analysis by former Secretary of Defense Caspar W. Weinberger and Hoover visiting fellow Peter Schweizer.
As the brass prepare for the coming Quadrennial Defense Review, "preventive defense" is taking the place of "containment." West Point grad and Hoover national security affairs fellow Lieutenant Colonel Christopher L. Shepherd explains the new doctrine.
The Contract with America was so far to the right that it only hurt House Republicans, right? Wrong. Hoover fellows David Brady, John F. Cogan, and Douglas Rivers join together for an analysis of the 1996 election results.
Critics of voucher proposals, including President Clinton, believe that increased competition from private schools would hurt public education. Nobel Prize-winner and Hoover fellow Gary S. Becker argues the reverse: Faced with more competition, public schools will get better, not worse.
According to the widespread myth, American Indians lived in an exquisite, mystical harmony with nature. According to Hoover fellow Terry L. Anderson, there was nothing mystical about it. Indians lived in harmony with nature because they practiced property rights.
Biotechnology is already responsible for products ranging from new medicines to genetically engineered tomatoes, yet the very idea of tinkering with genetic material makes millions of Americans nervous. Hoover fellow Henry I. Miller says we can relax.
According to most accounts, the invention of the transistor kicked off the high-tech revolution. Not exactly, argues Hoover fellow Paul M. Romer. The process of learning and discovery itself proved at least as important. A meditation on incentives and ideas.
Hoover fellow Robert E. Hall and economist Susan E. Woodward examine our much-maligned system of commercial law-and find that it works pretty darned well. Why the United States doesn't have too many lawyers.
Former Secretary of State and Hoover fellow George P. Shultz recently spent some time thinking over the advice he would give to President Clinton's new foreign policy team. What it all comes down to, he decided, is ten fundamental principles.
Responsible sources estimate that two-fifths of the Russian economy is already in the hands of organized crime. Hoover fellow Richard F. Staar explains how the mob runs entire regions of the biggest country on earth-and exerts influence in the Kremlin itself.
Russia can never truly embrace democracy and free markets without repudiating its communist past-and it can never repudiate its communist past while a certain corpse remains on display. Why Russia should bury Lenin and all his works. By Hoover fellow Arnold Beichman.
Late last year President Alvaro Arzu of Guatemala, the biggest country in Central America, signed a peace accord with guerrilla insurgents, ending the country's thirty-six-year civil war. How will Arzu bring economic growth to agricultural regions that don't even have clear land titles? Or political stability to a country in which 70 percent of the people see the legal system as a mere device of the white elite? Hoover fellows Edgardo Buscaglia Jr. and William Ratliff explain why negotiating the peace accord may have been the easy part
After getting under way in the 1980s, the privatization movement in Latin America has stalled out. Hoover fellow David R. Henderson argues that it can still be jump-started-if Latin leaders do what Margaret did.
Fifty-three nations occupy the continent of Africa. Only two have remained democratic since achieving independence. Hoover fellow Larry Diamond surveys the changes that must take place if democracy is ever to supplant Africa's corrupt, authoritarian regimes.
Over several centuries, England developed free markets-and a large cast of supporting institutions, including private property and an independent judiciary. During the same period, Spain failed to develop any such institutions, enduring economic stagnation instead. Why? It all started with some kings and queens who were short of funds. Nobel Prize-winner and Hoover fellow Douglass C. North explains.
Western Europe recovered from the Third Reich with astonishing speed. Yet Russia and much of Eastern Europe are now engaged in a long, slow struggle to recover from communism. What accounts for the difference? A final essay by the late Hoover fellow Lewis H. Gann.
Hoover fellow Thomas Sowell examines the very concept of equality, concluding that it is "one of the crucial far-fetched ideas of our time." Sowell at his most analytically acute-and politically incorrect.