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Why is the United States the leader in biotechnology? The author argues it is because it has adopted a public-goods model actively involving government spending and decision-making. The private market alone will not support adequate basic research. But does the government support its research...
Data about average health-care outcomes tell us little about how our system is functioning. Some have too much and some too little, the author shows.
This economist thinks that private debt got too far out of hand in the 1990s to make a recovery and economic expansion easy to achieve. He wants the federal government, among other things, to bail out the states and perhaps loosen its fiscal posture well beyond the short run.
Employers fail to offer workers flexible arrangements that help relieve the time squeeze.
In this ongoing debate on social security, the author offers his final riposte. Instead of buying stock, why not finance social security through the estate tax?
Some economists argue that low-wage labor employed by multinational companies in developing nations is usually beneficial. Wages are typically higher than what is available in domestic work. But there is another view. This economist takes on some of our board members in a piece that argues that...
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