We do not need to and should not have to choose amongst income, consumption, or wealth as the superior measure of well-being. All three individually and jointly determine well-being. We are the first to study inequality in three conjoint dimensions for the same households, using income,...

German and United States data from the Luxembourg Income Study are used to compare the relative economic well-being of Germans and Americans in the 1980s. In our analysis we use both official equivalence scales and consumption-based country-specific equivalence scales developed for Germany and...

Choosing an appropriate equivalence scale is a prerequisite for comparisons of economic well-being income distribution, inequality or poverty. This is true for country specific work or for cross-national comparisons. Researchers generally either use a country specific equivalence scale (social...

We perform the first comprehensive fiscal incidence analyses in Brazil and the US, including direct cash and food transfers, targeted housing and heating subsidies, public spending on education and health, and personal income, payroll, corporate income, property, and expenditure taxes. In both...

This paper explores trends in inequality and poverty using both market and after-tax and transfer income in the period during and after the Great Recession (through 2011). Using market income (or wages), inequality and poverty rose sharply between 2008 and 2010. The primary exception is measures...

This paper examines the question of whether it is ethical for company officials to use the force of government to reduce or eliminate foreign competition, using the antidumping laws as a case study. This paper begins with a brief examination of the U.S. antidumping laws, then examines several...

This article examines protectionism from a number of perspectives. Part One provides some general background information describing present Japanese-American trade policy. Part Two does the same for Korean-American trade policy. Part Three offers some concluding observations

The U.S. antidumping law suffers from a series of defects in its implementation, resulting in the unwarranted finding of illegal predatory pricing by foreign companies. In light of the existing technical flaws outlined in this Article, it is clear that the U.S. antidumping law is merely a form...

Various presidential candidates over the years have promised to reduce the U.S. trade deficit. Such arguments are based on the mistaken belief that trade deficits are bad. This paper explains why the United States is doomed to have trade deficits, and why it doesn't matter.The paper also...

This article is about protectionism. It is divided into four parts. Part 1 reviews the philosophy of protectionism, and analyzes the various arguments that have been given to support it over the years. These arguments have generally supported producers at the expense of the general public. Part...