An analysis of the relationship between stock-market gyrations and business fixed investment, using the q theory (the ratio of the market value of financial liabilities to the replacement value of physical assets).

An examination of the relationship between inflation and equity prices, concluding that equity prices respond rationally to such factors as real interest rates and risk.

An examination of the banking reform efforts under way in Mexico, emphasizing how incentive effects can drive up the cost of these efforts and ultimately boost the cost of resolving the nation's debt problem.

A discussion of leveraged buyouts and their dramatic impact on traditional corporate structure and relationships among stockholders, bondholders, and employees.