Economic growth does more than raise living standards; it calls forth the best in the human spirit. A meditation (including a good economist joke) by Hoover fellow Paul M. Romer.
North Korea represents one of the last Stalinist nations on earth--a powerful military, a poor populace, and rulers who can appear deranged. Will North Korea attack South Korea, as it did in 1950? Relax, says Hoover fellow Robert J. Myers.
Think America is a conservative country? Think again. Hoover fellow Seymour Martin Lipset explains that there are no true conservatives here--or, for that matter, any true socialists either--just different shades of classical liberals.
The federal tax code does a good job of redistributing income and rewarding special interest groups. It does a lousy job of promoting economic growth. Vice Chairman of the Hoover Institution Board of Overseers W. Kurt Hauser explains why.
Health care delivery in the United States has become so depersonalized as to be virtually Soviet. Don't believe it? Nobel Prize–winner and Hoover fellow Milton Friedman proves the point by quoting Aleksandr Solzhenitsyn, a Hoover honorary fellow. The way to end depersonalized care? Friedman argues for medical savings accounts.
Nobel Prize–winner and Hoover fellow Gary S. Becker has spent a career applying the discipline of economics to noneconomic problems, such as drug addiction and family formation. A glimpse of one of the profession's most intriguing thinkers. By Claire Mencke.
We should stop tinkering with the welfare system and forget about the minimum wage. We already have a way to help the working poor: the earned income tax credit. An analysis by Nobel Prize–winner and Hoover fellow Gary S. Becker.
Hoover fellows John F. Cogan and Thomas E. MaCurdy argue that when Congress and the president hiked the minimum wage last summer, they were making a dumb mistake. The hike hurt those it was intended to help and helped those who didn't need it. And the effective minimum wage rate was already at a historic high in the first place.
