Nepal's forests are common property; and because they are common property, they are abused. In this respect, they are like the many common resources around the world, including the public fisheries and grazing lands of the United States. All share similar problems that point to similar...

Evaluators have often had trouble providing analyses that are of practical use to policymakers. A major reason for this is that evaluators characteristically pay little attention to variables that are politically relevant. The National Institute of Education's evaluation of Title I of the...

The Securities and Exchange Commission, established in 1934, has achieved a uniquely high reputation for effective regulation. The SEC succeeded in large measure because of the initial strategy developed by its founders. Led by Joseph P. Kennedy, James M. Landis, and William O. Douglas, the SEC...

Hanushek misinterprets the data on which he bases his conclusion and draws inappropriate policy implications from them. The goals of a school system affect how its resources are used. Educational goals are highly diverse. Accordingly, the measures of output used in Hanushek's studies are...