Economy

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.

What's Happening To Americans' Income?

April 1995 marked the beginning of the fifth consecutive year of U.S. economic expansion.  Despite this good news, media reports often paint a bleak picture of the average American worker's prospects.…

The Truth About Wages

Workers have chosen to take more of their compensation in the form of benefits, and their choice is not surprising. Benefits are tax free, whereas wages are taxable.

Multiculturalism and Economic Growth

Multiculturalism is in vogue today among academicians, politicians and the media. But anthropologists identify cultural diversity as a universal source of social conflict and often as a barrier to eco…