This book addresses the most prominent policy issues raised by advertising--competition, consumer information, children, ad bans, and free speech.

Weisbrod examines the causes and consequences of medical research and suggests an appropriate role for it in the larger social system.

"Entrepreneurship is a key determinant of investment, saving, and wealth inequality. We study the aggregate and distributional effects of several tax reforms in a model that recognizes this key role and that matches the large wealth inequality observed in the U.S. data. The aggregate effects of...

"In this paper we consider a simple intertemporal economy in which immigrants, if admitted, bring heterogeneous amounts of capital. We show that under certain conditions there is a level of immigration which maximizes the economy's capital-labor ratio, and that this level of immigration is the...