Volume 1: Econometric General Equilibrium Modeling presents an econometric approach to general equilibrium modeling of the impact of economic policies. Earlier approaches were based on the "calibration" of general equilibrium models to a single data point. The obvious disadvantage of calibration is that it requires highly restrictive assumptions about technology and preferences, such as fixed i…
Most national security debates concern the outcomes of policies, neglecting the means by which those policies are implemented. This book argues that although the US military is the finest fighting force in the world, the system that supports it is in disrepair. Operating with Cold War-era structures and practices, it is subject to managerial and organizational problems that increasingly threate…
A study of two bridges between science and society: governmental science policy and scientists' voluntary public-interest associations. According to a widespread stereotype, scientists occupy an ivory tower, isolated from other parts of society. To some extent this is true, and the resulting freedom to pursue curiosity-driven research has made possible extraordinary scientific advances. The spi…
The authors of this ambitious book address a fundamental political question: why are leaders who produce peace and prosperity turned out of office while those who preside over corruption, war, and misery endure? Considering this political puzzle, they also answer the related economic question of why some countries experience successful economic development and others do not. The authors constru…
In this volume, based on a week-long symposium at the University of Munich's Center for Economic Studies, two leading scholars of governmental economics debate their divergent perspectives on the role of government and its fiscal functions. James M. Buchanan, who was influential in developing the research program in public choice, concentrates on the imperfections of the political process and s…
A comprehensive analysis of strategic information warfare waged via digital means as a distinct concern for the United States and its allies. In the "information age," information systems may serve as both weapons and targets. Although the media has paid a good deal of attention to information warfare, most treatments so far are overly broad and without analytical foundations. In this book Greg…
"Both state-space models and Markov-switching models have been highly productive paths for empirical research in macroeconomics and finance. This book presents recent advances in econometric methods that make feasible the estimation of models that have both features. One approach, in the classical framework, approximates the likelihood function; the other, in the Bayesian framework, uses Gibbs-…
The authors of this timely and provocative book use the tools of economic analysis to examine the formation and change of political borders. They argue that while these issues have always been at the core of historical analysis, international economists have tended to regard the size of a country as "exogenous," or no more subject to explanation than the location of a mountain range or the cour…
Provocative essays on international trade, with particular focus on U.S. foreign trade policy. In The Wind of the Hundred Days , a new collection of public policy essays, Jagdish Bhagwati applies his characteristic wit and accessible style to the subject of globalization. Notably, he argues that the true Clinton scandal lay in the administration's mismanagement of globalization -- resulting in …
This monograph is devoted to problems of propagation and stability of linear and nonlinear waves in continuous media with complex structure. It considers the different media, such as solid with cavities, preliminary deformed disperse medium, solid with porosity filled by the electrically conductive and non-conductive liquid, magnetoelastic, piezo-semiconductors, crystals with dislocations, comp…