When the G8 major economies convened at Camp David last weekend, the continuing crisis of the euro, common currency of 17 European Union (EU) members, dominated the economic discussions. The agonies of Greece, badly divided in recent parliamentary elections, and forced to vote again on 17 June, were at the forefront.

From the economic point of view, the harm of substandard or counterfeit drugs depends on whether consumers can tell drug quality from direct or indirect information. If poor-quality drugs can always pretend to be of high quality, consumers are deceived and manufacturers are discouraged to produce high-quality in the long run.

AEI's John Makin examines the consequences of German deflationary policies and Greece's probable exit from the eurozone in the latest Economic Outlook.

Failing drugs are priced 13-18 percent lower than non-failing drugs, but the signaling effect of price is far from complete.

A surprisingly high number ofseventeen-year-olds do not know details about significant events in U.S. history.

With just over half of the Republican contests completed, the March edition of AEI’s Political Report takes a close look at the entrance and exit poll results from the 17 states for which data are available.

At The Chronicle of Higher Education, “journalistic standards” are of the double kind. And incivility is a firing offense — unless you’re criticizing a conservative, in which case nasty smears are all the rage

This nation employs several methods for taxing capital income, both at the individual and the corporate level.  There is a massive economic literature that documents strong theoretical and empirical support for the United States to reduce its capital taxes