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Two Types of Reforms (Serious and Not)

by Robert J. Barrovia Hoover Digest
Wednesday, April 30, 1997

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.

Why England Developed Healthy Markets-and Spain Didn't

by Douglass C. Northvia Hoover Digest
Wednesday, April 30, 1997

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.

Shamed by the Same Sad History

by Shelby Steelevia Hoover Digest
Wednesday, April 30, 1997

Hoover fellow Shelby Steele argues that the thought of ending affirmative action scares all Americans, black and white. We cannot end racial preferences until we look our fears in the face.

American Commercial Law: A Brief Celebration

by Robert E. Hall, Susan E. Woodwardvia Hoover Digest
Wednesday, April 30, 1997

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.

Inflation ballons

Why Inflation Figures Are . . . Inflated

by Michael J. Boskinvia Hoover Digest
Wednesday, April 30, 1997

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.

How the Mob Rules Russia

by Richard F. Staarvia Hoover Digest
Wednesday, April 30, 1997

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.

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Why the CPI Matters, Big-Time

by Michael J. Boskinvia Hoover Digest
Wednesday, April 30, 1997

Overstating increases in the cost of living by even small amounts costs the federal government tens of billions of dollars every year. An excerpt from the Boskin commission's report.

Why Mafias Develop

by Annelise Andersonvia Hoover Digest
Wednesday, April 30, 1997

Mafias operate in Sicily, the United States, Russia, and elsewhere. Hoover fellow Annelise Anderson examines the economics of organized crime.

The Economic Approach to Fighting Crime

by Guity Nashat, Gary S. Beckervia Hoover Digest
Wednesday, April 30, 1997

Nobel Prize-winner and Hoover fellow Gary S. Becker and Hoover fellow Guity Nashat point out that, like everyone else, criminals respond to incentives.

Don't Cry for Argentina

by Gary S. Beckervia Hoover Digest
Wednesday, April 30, 1997

Like Chile before it, Argentina recently privatized its social security system. Why can't we? By Nobel Prize-winner and Hoover fellow Gary S. Becker.

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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