Milken Institute Review Second Quarter 2001

June 2001

Claudia Golden andLawrence Katz of Harvard University argue that The Pill - the female oral contraceptive that has been credited with the resurgence of feminism in the 1960s, and the social and sexual revolution of the 1970s - had a dramatic impact on the working lives of millions of American women, paving the way for their entry into the upper echelons of the labor force.

FormerFortune economics editorRob Norton looks at how Republicans and Democrats have reversed roles on fiscal policy over the last two decades.

Erwin Blackstone andSimon Hakim of Temple University, andUriel Spiegel of Bar Ilan University in Israel offer a case study on how to create incentives for the efficient production of services. Their focus: False alarms, and the enormous cost to taxpayers.

Princeton University economistAlan Krueger offers his thoughts on why the National Football League sells Super Bowl game tickets for a fraction of their free-market value.

Lawrence White, an economist at New York University's Stern School of Business, says it's time to face reality and recognize the electromagnetic spectrum - the "airwaves" that are used for over-the-air communications such as TV and cell phones - for what it is: private property.

Jeffrey Miron of Boston University makes a case against publicly run universities.

Bill Frey, a Senior Fellow at the Milken Institute, writes about the regional population shifts that have given rise to what he calls "the New Sunbelt" - states such as Arizona, Nevada, Colorado and Georgia.

Michael Milken moderates a discussion with Nobel-Prize winning economists Gary Becker, James Heckman, Lawrence Klein and Douglass North in excerpts taken from the Institute's 2001 Global Conference in Los Angeles.

This issue's book excerpt is from Money Makes the World Go Round by Barbara Garson, who looks at globalism from the perspective of an ordinary American investor.

And, of course, we have our regular features: The Charticle and Mark Alan Stamaty's cartoon, Ekinomix.