When the Asian economies were booming, certain Asian leaders credited the region’s growth to a unique set of Asian values. When in 1997 the Asian economies crashed, many Western critics attributed the fall to . . . a unique set of Asian values. Who was right? Both were wrong. By Hoover fellow Charles Wolf Jr.

Hoover fellow Milton Friedman has long argued that “you cannot have a free society without private property.” A decade after the implosion of communism, the word is finally beginning to spread. By Hoover media fellow Tom Bethell.

Thanks to government overregulation, the distribution of water in much of the United States is grossly inefficient. Hoover fellow Terry L. Anderson and Clay J. Landry offer a plan that would lead to more efficient water use, discourage wasteful overconsumption, and lessen the impact of droughts.

Its current surpluses notwithstanding, the Social Security system is still sliding toward insolvency. How can the system be saved? Hoover fellow John B. Shoven offers a plan.