By next year, about two-thirds of American physicians will be working as salaried employees of large groups and hospitals. This movement has been underway for years. Over the last decade, the number of independent physicians was falling by about 2% a year. But these trends are now accelerating. 

Sir, Lawrence Summers is certainly correct in asserting that the right focus of the European countries must be on restoring economic growth if they are to restore fiscal sustainability (“Growth not austerity is the best...

The tax code is 5,296 pages long and full of complicated details. We outlined a few of them in our recent column for the New York Times Magazine. So why hasn't Congress done anything to simplify the tax code? We posed the question to Alan D. Viard, a tax expert at the American Enterprise Institute. His response is below.

Testimonyregarding thesubprime mortgage crisis to the U.S. House of Representatives.

The merger of Fleet and BankBoston in September 1999 resulted in a regional New England lending market in which only one large, universal bank remained.

At this AEI event, Sweden's minister of finance, Anders Borg, will explain Sweden's consolidation efforts, which were based on a mixture of expenditure cuts and tax increases.

The rescue offers Greece the opportunity for an extended struggle to settle for slow economic growth for an extended period. This debt crisis is not over...

This bookoffers a rational choice theory of democratic consolidation in a survey of the breakdowns of and transitions to democratic institutions.