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Summer 1989 A journal of the American Economic Association Editor Joseph E. Stiglitz, Stanford University Co-editor Carl Shapiro, Princeton University Associate Editors Henry J. Aaron, The Brookings Institution Pranab Bardhan, University of California at Berkeley Dwight M. Jaffee, Princeton University Edward P. Lazear, University of Chicago and The Hoover Institution Mark J. Machina, University of California at San Diego N. Gregory Mankiw, Harvard University Charles F. Manski, University of Wisconsin John E. Roemer, University of California at Davis Kenneth S. Rogoff, University of Wisconsin Bernard Saffran, Swarthmore College Steven C. Salop, Georgetown University Law Center Lawrence H. Summers, Harvard University Hal R. Varian, University of Michigan Gavin Wright, Stanford University Janet L. Yellen, University of California at Berkeley Managing editor Timothy Taylor Editorial associate Debbie Sachs Editorial offices: Department of Economics, Stanford University Stanford, CA 94305-6072 gratefully acknowledges the support of Stanford University. Copyright © 1989 by the American Economic Association; All Rights Reserved. Composed by Science Typographers, Inc., Medford, New York 11763, U.S.A. Printed by Banta Company, Menasha, Wisconsin 54952, U.S.A. No responsibility for the views expressed by the authors in this journal is assumed by the editors or by the American Economic Association. (ISSN 0895-3309), Summer
Journal of Economic Perspectives – American Economic Association
Published: Aug 1, 1989
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