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The Biggest Bang for Your Bribe
It's tough being corrupt. You know you probably need to bribe lots of people to achieve your ignoble goals. But where, exactly, do you put your money? Do you invest more heavily in payoffs to politicians, to the police or to judges? Or would it be more effective to bribe the news media to ignore scandals and produce monotonously favorable coverage? Article
Washington Post, Reprinted with permission of R. Morin and Washington Post, Outlook Section.
Bush nominates Edward Lazear to chair Council of Economic Advisors
President Bush nominated Stanford GSB professor Edward Lazear to be chair of the President's Council of Economic Advisors. Lazear is a senior fellow at the Hoover Institution, Stanford's public policy research center, as well as the founding editor of the Journal of Labor Economic. He has taught at the GSB since 1992. Details