Economics

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Economics

 
The Flat Tax (Second Edition)

First proposed twenty-five years ago, the flat tax concept has since been adopted by six states—Colorado, Illinois, Indiana, Massachusetts, Michigan, and Pennsylvania—and several countries around the world. In this new and updated edition of The Flat Tax, Robert Hall and Alvin Rabushka set forth what many believe is the most fair, efficient, simple, and workable tax reform plan on the table: tax all income, once only, at a uniform rate of 19 percent. Hall and Rabushka go beyond mere academic abstraction, designing new tax forms, rewriting tax regulations, and working out all the practical details. They show how all wage earners would pay less tax than under the current system, flat tax plan tax returns could be filed on a postcard, and April 15 would no longer be a national nightmare!


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Free Markets Under Siege

Drawing on his extensive knowledge of history, law, and economics, Richard Epstein examines how best to regulate the interface between market choice and government intervention—and find a middle way between socialism and libertarianism. He argues the merits of competition over protectionism and reveals the negative results that ensue when political forces displace economic competition with subsidies and barriers to entry. In the process, he provides an illuminating analysis of some of the ways that special interest groups, with the help of sympathetic politicians, have been able to manipulate free markets in their favor.


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The Foreign Factor

The author's analysis shows that technological change has greatly aided the island nation's extraordinary economic growth. Schive's study yields abundant evidence of the links between direct foreign investment and technology transfer and deepens our understanding of these complicated and important economic issues.


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Frontiers of Tax Reform

The essays offered here represent the first authoritative perspective on tax reform debate. They provide a useful framework for understanding key issues, and then propose fundamental goals for tax reform. This volume will be an indispensable resource for those wishing to evaluate how fundamental tax reform can benefit and restore strong economic growth.


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Gambling with Other People's Money

Russ Roberts argues that leverage—using “other people’s money”—was the central cause of the financial crisis of 2008. He shows that both government and Wall Street are to blame—government for coddling the large banks and those banks for pushing for the policies that rescued them from their mistakes—and that a new approach to financial crisis management is necessary to avoid further damage when the next financial crisis occurs.
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Getting Off Track

In this concise volume, leading economist John B. Taylor offers empirical research to explain what caused the current financial crisis, what prolonged it, and what dramatically worsened it more than a year after it began. The evidence he presents strongly suggests that specific government actions and interventions are largely to blame and that any future government interventions must be based on a clearly stated diagnosis of the problem and a rationale for the interventions.


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Government Policies and the Delayed Economic Recovery

This book examines the reasons for the unprecedented weak recovery following the recent US recession and explores the possibility that government economic policy is the problem. Drawing on empirical research that looks at issues from policy uncertainty to increased regulation, the volume offers a broad-based assessment of how government policies are slowing economic growth and provides a framework for understanding how those policies should change to restore prosperity in America.


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The Historical Performance of the Federal Reserve

The author argues for the importance of monetary stability and monetary rules, offering theoretical, empirical, and historical perspectives to support his case. He shows how an important lesson from the monetary history of the United States and other advanced countries is that the pursuit of stable monetary policy guided by central banks following rule-like behavior produces low and stable inflation, stable real performance, and encourages financial stability.


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In Defense of the Corporation

This lively, nontechnical book offers a positive reappraisal of the giant corporation. Hessen presents an uncompromising defense of the right of corporation to exist and function freely and outlines and examines the arguments and proposals of Ralph Nader, who is recognized as the most vocal critic of the corporation, in addition to addressing various other issues regarding the corporation.


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Inequality and Economic Policy

Distinguished contributors explore various measures of inequality in America and ask why it is increasing and whether it matters. In examining those questions, the authors present new research on human capital and intergenerational mobility. The authors draw conclusions for public policy, paying particular attention to those at the bottom of the income distribution and the overall effects on economic growth.


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The International Monetary Fund

A primer on mission, operations, and public policy issues, this book provides information and public policy discussions on the IMF. The articles and opinion pieces represent a diversity of views on the operations and effectiveness of the IMF and examine the effects of its financing programs on countries accepting IMF funding.


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Japan, Disincorporated

This book focuses on the second phase, particularly on the years from 1980 to 1984, when bureaucratic infighting, interministerial rivalry, and conflict between government and business in Japan surged into view. Professor Hollerman’s lucid explanations of Japanese economic and national strategy make this volume essential reading for anyone interested in Japan’s challenge to U.S. bankers, investors, and leaders of transnational corporations.


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Law and Economics in Developing Countries

This concise volume examines the relationship between law, governance, and economic development and shows the main substantive and procedural legal factors that developing nations must address to promote political stability and economic growth, intended for the general informed reader as well as for policymakers in governments and civil society.


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Making Failure Feasible

A distinguished group of contributors expands on the Resolution Group’s proposal for a Chapter 14 addition to the Bankruptcy Code that includes provisions that would lead to quicker resolution, clear outcomes that would not be dependent on government discretion and that would mesh with emerging ideas about cross-border resolution. The contributors provide the context for reform, outline the fundamental principles of reform, and show how reform would work in practice.


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Making Things Work

Making Things Work is an exhibition catalog for a joint historical exhibit of documents and photographs organized by the Hoover Institution on War, Revlution and Peace and the Committee on Archival Affairs of the Russian Federation (ROSKOMARKHIV).


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