Contrary to the popular image of change and turnover, most Americans spend the majority of their working lives employed in a single firm. The original essays in this book discuss the origins and importance of these internal labor markets, providing new insights into their changing power and...

"If you do not think about the future, you cannot have one," the British author John Galsworthy wrote at the beginning of this century. In An Agenda for the 21st Century, Rushworth Kidder, award-winning columnist for the Christian Science Monitor, has taken up Galsworthy's challenge. He conducts...

This solutions manual for Intermediate Public Economics (MIT Press, 2006) offers students an opportunity to practice using the analytical tools of public economics at intermediate and more advanced levels. The 424 exercises in the textbook (all of which are covered in the solutions manual) vary...

In this volume, based on a week-long symposium at the University of Munich's Center for Economic Studies, two leading scholars of governmental economics debate their divergent perspectives on the role of government and its fiscal functions. James M. Buchanan, who was influential in developing...

The marginal cost of public funds (MCF) measures the loss incurred by society in raising additional revenues to finance government spending. The MCF has emerged as one of the most important concepts in public economics; it is a key component in evaluations of tax reforms, public expenditure...

What principles should govern the design of governmental, budgetary and financial policy? Policymakers in the major industrial countries and officials of international organizations are deeply concerned about rising public debt burdens. But there are others who believe that only public spending...

Charles P. Kindleberger's rich and distinguished career has spanned nearly six decades. The essays collected here reflect the author's shift in interests from foreign exchange to international trade, economic growth, and economic history, especially financial history. They also contain dollops...

These studies of Colombian economic, political, and social institutions offer not only theoretically grounded analyses but also practical recommendations for policy reform. Experts from the United States, Europe, and Colombia approach such problems as executive-legislative branch conflict,...

The sixteen essays in this book were written to celebrate the ninetieth birthday of Richard Musgrave and to commemorate the tenth anniversary of CES, the Center for Economic Studies at the University of Munich. Musgrave is considered to be a founding father of modern public economics. He belongs...

Public economics studies how government taxing and spending activities affect the economy--economic efficiency and the distribution of income and wealth. This comprehensive text in public economics covers the core topics market failure and taxation as well as recent developments in the political...