Excerpt from introduction: This paper investigates two important consequences of the present military draft system. They are distributive effects-the impact on the distribution of real output, and allocative costs - the impact on the size of that output. The distributive effects result from the...

Professional baseball and football each has its Hall of Fame. Most Valuable Player awards are announced in a growing number of sports, as well as by individual teams. There are Coach of the Year awards, Manager of the Year awards; there is even a Horse of the Year award. Why do economics and...

Economists and public policy-makers alike have long been concerned with the relative and absolute economic welfare of various segments of the population. This interest reflects an underlying concern both about the equity of the existing distribution and about our ability to explainand forecast...

Asian development in the 1970's is likely to take place under conditions quite different from those typical of the past two decades. These changing conditions will have an important influence on the research focus relating to growth and development. This paper ex- amines two such changes. First,...