When I started writing this book, I knew I'd need to read piles of research but failed to foresee
the enormity of the piles. Education isn't just a major industry; it inspires researchers' …

Private ownership should generally be preferred to public ownership when the incentives to
innovate and to contain costs must be strong. In essence, this is the case for capitalism over …

Peter Lindert inquires as to whether social policies that redistribute income impose
constraints on economic growth. Although taxes and transfers have been debated for …

The hypothesized effects of educational attainment on adult civic engagement and attitudes
provide some of the most important justifications for government intervention in the market …

In a largely ignored chapter of The Wealth of Nations, Adam Smith laid the foundation for an
economic theory of religious institutions. Smith emphasized the importance of market …

Economists assume that people make choices based on their preferences and their budget
constraints. The preferences and values of others play no role in the standard economic …

This paper examines the growth of government during this century as a result of giving
women the right to vote. Using cross-sectional time-series data for 1870–1940, we examine …

Theoretical developments that emphasize the central role of human capital in economic
growth have led to an increased appreciation of the extent to which education contributes to …

Previous literature has produced weak evidence to support the hypothesis that real
economic news affects stock returns. This is, in part, attributed to the difficulty of measuring …

In the United States, religious attendance rises sharply with education across individuals,
but religious attendance declines sharply with education across denominations. This puzzle …