The paper begins with a brief overview of the theory of incentives, with special attention to
issues that are important in the public sector, in general and human capital in particular. It …

Keynesian economists hold it to be self-evident that business cycles are characterized by
involuntary unemployment. But construction of a model of the cycle with involuntary …

The first version of this book was published in 1992 as Foundations of Post-Keynesian
Economic Analysis. Ten years later, in 2002, I was asked to write a new edition; in fact …

The Theory of Industrial Organization is the first primary text to treat the new industrial
organization at the advanced-undergraduate and graduate level. Rigorously analytical and …

The global financial crisis has made it painfully clear that powerful psychological forces are
imperiling the wealth of nations today. From blind faith in ever-rising housing prices to …

The winners of the Nobel Prize show how economics, when done right, can help us solve
the thorniest social and political problems of our day. Figuring out how to deal with today's …

Economics has much to do with incentives--not least, incentives to work hard, to produce
quality products, to study, to invest, and to save. Although Adam Smith amply confirmed this …

We study the role of establishment-specific wage premiums in generating recent increases
in West German wage inequality. Models with additive fixed effects for workers and …

We study a longitudinal sample of over one million French workers from more than five
hundred thousand employing firms. We decompose real total annual compensation per …

This paper provides an overview of the existing theoretical and empirical work on the
provision of incentives. It reviews the costs and benefits of many types of pay-for …