Vol. 27, Issue 1, 2024

What of American adults--especially prime-age men--who are neither working nor looking for work? Nicholas Eberstadt discusses the post-COVID phenomenon of low employment rates coexisting with low employment rates.

Should fair value accounting—in contrast to historical cost accounting—be considered fair or just? The authors argue that fair value accounting contributes to distributive injustice and potentially to social discord.

McClure and Lee question Robert Frank's contention that a steeply progressive tax on consumption would bring in trillions of dollars of revenue without the loss of "anything of enduring value."

Patrick Newman reviews Alex J. Pollock and Howard B. Adler's new book, which tells the story of the failures of economists to anticipate market changes surrounding the COVID recession.

Brad DeLong’s book on economic growth in the US and the rest of the world from 1870 to 2010 is afflicted by problems and proves disappointing, says Patrick Newman.