Europe’s chronic unemployment is a problem of Europe’s own making. Nobel laureate and Hoover fellow Gary S. Becker explains.

Plant, equipment, inventory—traditional accounting methods can cope with these. But intellectual capital? That poses a problem. Michael S. Malone explains the need for accounting techniques as new as the information age itself.

Economists used to believe that economic growth arose from sudden, dramatic breakthroughs—the steam engine in the eighteenth century, the transistor in our own. Yet according to Hoover fellow Paul M. Romer, “this account gets things exactly backward.” The founder of New Growth Theory explains himself.

The profit motive is good—for more reasons than you might think. By Hoover fellow David R. Henderson.