The drive for labor market flexibility has become something of an intellectual and political crusade in the past several decades. As part of the conventional ‘best practice’ view of economic policy, labor market flexibility can be considered to be at the heart of what Thomas...

Based on neoclassical theory, cutting budget deficits has come to be seen as a principal way to increase long-run growth, but the empirical evidence is ambiguous on the outcome of this macropolicy. A new model, the classical growth cycles (CGC) model, offers an alternative theoretical framework...

1. Laissez Faire: The Fruitless Pursuit of a Chimera 2. Messiness Matters: The Analytical Basis of the Legal-Economic Nexus 3. Visible Hands and Corporations: Beyond the Public versus Private Separation 4. Constitutional Vulnerability, the Struggle for Human Dignity, And Monetary Sovereignty 5....

Turkish economic growth has been characterized by periodic crises since financial liberalization reforms were enacted in the early 1990s. Given the phenomenally low female labor force participation rate in Turkey (one of the lowest in the world) and the limited scope of the country's...