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The Deficit Is Big, but Is It Bad?

by Kenneth L. Juddvia Hoover Digest
Wednesday, April 30, 2003

The federal deficit is once again beginning to swell. Should we expect interest rates to spike as a result? In a word, no. Hoover fellow Kenneth L. Judd explains.

A Deadly Food Fight

by Gregory Conko, Henry I. Millervia Hoover Digest
Wednesday, April 30, 2003

Real-life casualties in the biotech wars. By Hoover fellow Henry I. Miller and Gregory Conko.

How Not to Prevent another Enron

by Richard A. Epsteinvia Hoover Digest
Wednesday, April 30, 2003

When a zealous Congress decided to launch a crusade to “prevent another Enron,” it could only mean one thing: bad, poorly conceived legislation. Hoover fellow Richard Epstein explains.

Economic Policy

The Emergence of Wen Jiabao

by Barry Naughtonvia China Leadership Monitor
Wednesday, April 30, 2003

Wen Jiabao is not yet formally premier of China, but he has been acting as premier since December. Evidence is accumulating that Wen will present a large-scale government reorganization plan to the National People's Congress (NPC) in March 2003. Wen is making a fast start and intends to make his mark on China's government. This diligence suggests that Wen will try to generate significant forward momentum on further economic reform within calendar year 2003.

Political Reform

China's Domestic Agenda: Social Pressures and Public Opinion

by Joseph Fewsmithvia China Leadership Monitor
Wednesday, April 30, 2003

In the months since he has taken over as general secretary of the Chinese Communist Party (CCP), Hu Jintao has focused on domestic issues. Indeed, recent interviews in China suggest that some foreign policy specialists are concerned that Hu's domestic interests will distract him from important foreign policy issues. In any event, a recently published survey of social trends in China outlines the depth of the problems facing the Chinese government. These are not short-term or easily handled problems; they are rooted in the demography of China and in the long-term separation between urban and rural areas. Public opinion surveys suggest that China's most vulnerable do indeed feel worried about the future. Nevertheless, the same surveys show that a sizable majority of Chinese is cautiously optimistic about the future. Such assessments of the future appear to give the government a window of opportunity for addressing the social pressures it faces.

The New Economy's Sore Losers

by Holman W. Jenkins Jr.via Policy Review
Tuesday, April 1, 2003

The misplaced focus of blame for the bubble

Market Reform: Lessons from New Zealand

by Rupert Darwallvia Policy Review
Tuesday, April 1, 2003

The economics and politics of liberalization and retrenchment

Elections in Iraq
Analysis and Commentary

The Dilemma of Reforming a Post-Saddam Iraq

by Russell A. Berman, Stephen Haber, Barry R. Weingastvia World Trade
Monday, March 24, 2003

To understand how Western political and economic systems might be transplanted into a post-Saddam Iraq, we need to understand what is "Western" about our culture, politics, and economics.

PIGS AT THE TROUGH? Restoring Confidence in Corporate America

with David Brady, David R. Henderson, Arianna Huffingtonvia Uncommon Knowledge
Thursday, March 20, 2003

A series of devastating accounting scandals at Enron, WorldCom, and Tyco, to name a few, have shaken the public's trust in the ethics and business practices of America's large corporations. What are the underlying factors behind this recent wave of scandals? Is deregulation the culprit? If so, do we need more regulation or merely better enforcement of existing regulations? Does the confluence of corporate lobbying and campaign contributions encourage corporate malfeasance? If so, what political reforms are necessary?

Analysis and Commentary

The Flat Tax at Work in Russia: Year Two

by Alvin Rabushkavia
Tuesday, February 18, 2003

On January 1, 2001, a 13% flat-rate tax on personal income took effect in Russia.


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