"This volume contains edited versions of speeches delivered over the past dozen years in a variety of settings. They were selected for inclusion according to the significance and contemporary relevance of the issues they address, as reflected in continuing requests for them on the Commission's...

In order to promote productivity, and thus boost living standards in the long run, public policies need to focus on improving incentives, capabilities and flexibility within an economy. Such policies can be difficult for governments to devise and even more difficult for them to implement, given...