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During recessions state government fiscal crises are widespread, as states find their revenues inadequate to meet their expenditure demands. This volume shows that state fiscal crises have only one significant cause: revenue downturns associated with recessions. Other analysts have argued that fiscal crises are the result of an interaction of many complex causes, including inadequate tax bases, increasing expenditure demands, and limits placed on state governments by voters. This analysis examines these other factors and shows that while they present significant challenges to state...

Housing policy not only aff ects all Americans' quality of life, but has a direct impact on their fi nancial well being. About 70 percent of American households own their own homes, and for most, their homes represent the majority of their net worth. Renters are aff ected by housing policy. Even the small minority of Americans who are homeless are aff ected by housing policies specifi cally targeted to low-income individuals.

The government's increasing involvement in housing markets, fed by popular demand that government "do something" to address real problems of mortgage defaults...

Public Health Onstage represents an attempt to combine two visions of public health--the scientific and the artistic. Each one of the short essays deals with some aspect of public health, including human papillomavirus vaccination, medication marketing, safe sleep, malpractice, sexual assault, opioid abuse, and many more. Paired with each scientific essay are one or more original short plays that delve into the same or similar subject matter while exploiting its dramatic potential.

Dr. David Holcombe has taken many of the plays from previous publications, including Beauty and the...

This volume argues that the virtues of the market system, private property, and freedom of exchange can be applied to enhance the quality of life. Although people recognize in the abstract that markets work better than government in allocating resources, government's presence in the economy increases as government intervenes to deal with different problems. This book shows how the market mechanism that has enhanced material well-being is better suited than government planning to improve the quality of life. After examining general principles guiding both market and government allocation of...