Economy

Europe's Underground Economies

The underground economy also known as the second economy, parallel economy, unofficial economy, informal economy or just the black market is a phenomenon known throughout the world. It exists wherever…

Putting Drivers in the Driver's Seat

Auto Choice, a proposed structural reform of the country's fraud-ridden $150 billion per year auto tort system, is quietly gaining broad bipartisan endorsement. Its supporters already include Democrat…

Comp Time: Giving Hourly Workers What Money Can't Buy

What benefit do salaried workers, including federal government employees, have that is unavailable to workers who are paid by the hour? They have the option of choosing "comp time" - time off from the…

Technology and Economic Growth in the Information Age

The next quarter century of capitalism promises a silent boom - a rapid economic advance that will improve everyday life but elude the regular readings of the economy's vital signs. Statistical tools…

The Economy's Good News: The Upside of Downsizing

Job losses are less harmful than they are often thought to be. To the contrary, the upside of downsizing lies in a reinvigorated economy. Indeed, the layoffs of the early 1990s can teach important les…

The Economic Impact of Prison Labor

The unemployment rate stands at 4.9 percent, the lowest since the Vietnam war. Employers looking for workers are finding that the supply of labor, even unskilled labor, is tight. However, more than a…

The Global Warming Treaty: For U.S. Consumers - All Pain, No Gain

United States negotiators seem intent on signing a treaty this December in Kyoto, Japan, that would drastically curtail energy use in an effort to restrict emissions of greenhouse gases. These gases,…

An Agenda For Economic Freedom

Giving people more economic freedom has been implicit in many Republican and Democratic proposals, yet neither party has turned it into an agenda for the 105th Congress. Both should.