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The Hong Kong Experiment

by Milton Friedmanvia Hoover Digest
Thursday, July 30, 1998

A controlled experiment in the field of economics? The last fifty years of history have provided just that. The free economy: Hong Kong. The mixed economy: the United States. The socialist economies: Great Britain and Israel. Nobel laureate and Hoover fellow Milton Friedman evaluates the results.

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Social Security and Abracadabras

by John F. Coganvia Hoover Digest
Thursday, July 30, 1998

President Clinton stated two years ago that the era of “big government” is over. Unfortunately, no one seems to have told his budget director. Hoover fellow John F. Cogan takes a closer look at the latest budget—and doesn’t like what he sees.

Let ’Er Rip

by Gary S. Beckervia Hoover Digest
Thursday, July 30, 1998

Ever since Joseph Schumpeter’s work at the turn of the century, economists have understood that entrepreneurial activity—what Schumpeter called creative destruction—creates economic growth. Nobel laureate and Hoover fellow Gary S. Becker just wishes a few of the world’s finance ministers understood it too.

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The Era of Big Government Ain’t Over

by Peter Brimelowvia Hoover Digest
Thursday, July 30, 1998

These days it’s difficult to find an avowed socialist. But Washington is crawling with neosocialists—in both parties. By Hoover media fellow Peter Brimelow.

Václav Klaus

A Nation Transformed

by Václav Klausvia Hoover Digest
Thursday, July 30, 1998

After the fall of the Berlin Wall, the Czech Republic made arguably the most successful transition to democracy and free markets in Eastern Europe. How? By managing “the gap between expectations and reality.” By former prime minister Václav Klaus.

Another Country

by Michael Baronevia Hoover Digest
Thursday, July 30, 1998

Hoover media fellow Michael Barone first visited Argentina a dozen years ago. When he returned recently, he discovered that he was in another country—one that free markets had transformed.

The Modern State as an Occasion of Sin

by Jennifer Roback Morsevia Hoover Digest
Thursday, July 30, 1998

The usual defense of the welfare state? That whatever its economic inefficiencies, it accomplishes a great deal of good. Hoover fellow Jennifer Roback Morse begs to differ. A rigorous essay in economics—and moral theology.

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Brave New Beauty

by Henry I. Millervia Hoover Digest
Thursday, July 30, 1998

Advances in genetic engineering may make it possible for people to alter their genetic structure for purely cosmetic purposes. Should the government intervene? Hoover fellow Henry I. Miller thinks not.

What Went Wrong?

by William McGurnvia Hoover Digest
Thursday, July 30, 1998

The countries that have suffered the most in the Asian financial meltdown are those that engaged most heavily in state planning. Hoover media fellow William McGurn explains.

The Tax Revolt Turns 20

by Steven Haywardvia Policy Review
Wednesday, July 1, 1998

Steven Hayward bids happy 20th birthday to the tax revolt—and hopes for a long and prosperous life


Economic Policy Working Group

The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple