Technology is constantly changing our world, leading to more efficient production. In the past, technological advancements dramatically increased wages, but during the last three decades, the median wage has remained stagnant. Many of today's machine...

The political and economic history of Latin America has been marked by great hopes and even greater disappointments. Despite abundant resources – and a history of productivity and wealth – in recent decades the region has fallen further and further b...

As the structure of the economy has changed over the past few decades, researchers and policy makers have been increasingly concerned with how these changes affect workers. In this book, leading economists examine a variety of important trends in the...

Since the earliest days of philosophy, thinkers have debated the meaning of the term happiness and the nature of the good life. But it is only in recent years that the study of happiness – or "hedonics" – has developed into a formal field of inquiry,...

Recent high-profile corporate scandals – such as those involving Enron in the United States, Yukos in Russia, and Livedoor in Japan – demonstrate challenges to legal regulation of business practices in capitalist economies. Setting forth a new analyt...