Economics

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Economics

 
The New Wealth of Nations

The title of Guy Sorman's book pays homage to the great European economist Adam Smith and his book The Wealth of Nations. Smith was a moralist preoccuppied with the notion of social justice and a realist who believed in an unfettered free market. Sorman's study reiterates that the free market is the universal principle of development, that the free market works.


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Pension Wise

Charles Blahous, one of the nation's foremost retirement security experts, explains the origins and dangers of current underfunding in our single-employer defined-benefit pension system and outlines the options for solving the problem and preventing the next taxpayer-financed bailout. He provides a tutorial on the basic workings of pension law, reviews the recent history that led to the worsening condition of the pension insurance system, and suggests a range of reforms to improve the system's operation and to resolve the projected shortfall.


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Personal Saving, Personal Choice

The changing face of savers with interest in and knowledge of financial markets.


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Poverty and Transfers In-Kind

Welfare reform--including proposals for a guaranteed annual income--is a major item on the American political agenda. Dr. Paglin has systematically revised poverty statistics for 1959-1975 by recalculating them to include the in-kind benefits, which presently are not counted as income in government statistics.


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Puzzles, Paradoxes, Controversies, and the Global Economy

In this wide-ranging collection of essays first published between 2007 and 2014, Charles Wolf Jr. shares his insights on the world’s economies, including those of China, the United States, Japan, Korea, India, and others. First appearing in such periodicals as in the Wall Street Journal, Forbes, and the Weekly Standard, among others, these chapters take on a range of issues in the global economy, from China’s political economy and in its interactions with the United States to a comparative assessment of the Chinese and Indian economies during the next decade to the costs of Korean reunification to the shortcomings of Keynesian economics to economic inequality and more. Each chapter includes a brief “postaudit” in which the author attempts to grade how well or ill the essay seems in retrospect.


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Race and Economics

Walter E. Williams applies an economic analysis to the problems black Americans have faced in the past and still face in the present to show that that free-market resource allocation, as opposed to political allocation, is in the best interests of minorities. He debunks many common labor market myths and reveals how excessive government regulation and the minimum-wage law have imposed incalculable harm on the most disadvantaged members of our society.


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Reacting to the Spending Spree

A team of expert contributors analyze the near- and long-term implications of efforts by both the Obama and Bush administrations to fix the current financial crisis. They examine a range of issues affected by the proposed reforms, including health care, "going green," the Employee Free Choice Act, an open world economy, and more.


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The Road Ahead for the Fed

Expert contributors examine the recent actions of the Federal Reserve and suggest directions for the Fed going forward by drawing on past political, historical, and market principles. They explain how the Fed arrived at its current position, offer ideas on how to exit the situation, and propose new market-based reforms that can help keep the Fed on the road to good monetary policy in the future.


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Rules for International Monetary Stability

Reports on the results of a Hoover Institution conference on the need for a classic rules-based reform of the international monetary system. Five presentations of monetary research projects and two panel discussions focus on the deepening links of international monetary policy regimes, exchange-rate volatility, and international capital flows as well as the next steps for central banks as they assess the results of unconventional monetary interventions.


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The Second Twentieth Century

Jean-Jacques Rosa offers an analysis of the "grand cycle" in social organization of the twentieth century, showing how the transformation in communication and information technology has led to the downfall of the old political and corporate hierarchies. He explains how today's explosion of freely available information is fueling the democratic free-market revolution and reveals its universal contemporary consequences.


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Shaping a New Economic Relationship

This volume evaluates the complex developments between the United States and Korea and offers policy recommendations for how both countries in the future might avoid the bitter politiczation of trade disputes of the recent past and expand their economic relations.


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Social Security

In this book Rita Ricardo Campbell translates the arcane intricacies of Social Security into terms intelligible to lay readers. She thereby fills the long-standing need for a lucid, up-to-date, authoritative guide to the system.


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Social Security

Arguing that an equitable Social Security solution will be unattainable unless we bring stakeholders together around a common understanding of the facts and of the need to take action to address them, former White House adviser Charles Blahous presents some often misunderstood, basic factual background about Social Security. He discusses how it affects program participants and explains the true demographic, economic, and political factors that threaten its future efficacy.


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The Structural Foundations of Monetary Policy

A collection of discussions and presentations from the Hoover Institution’s annual monetary policy conference, this volume discusses long-run monetary issues facing the world economy, with an emphasis on deep, unresolved structural questions. The conference participants explore vital issues affecting the Federal Reserve, the United States’ central bank. They voice concern over the Fed’s independence, governance, and ability to withstand future shocks and analyze the Fed’s monetary policies and growing balance sheet in the wake of the 2008 financial crisis.


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The Taylor Rule and the Transformation of Monetary Policy

A contributors' "who's who" from the academic and policy communities explain and provide perspectives on John Taylor's revolutionary thinking about monetary policy. They explore some of the literature that Taylor inspired and help us understand how the new ways of thinking that he pioneered have influenced actual policy here and abroad.


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