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Journal of Economic Literature: Vol. 51 No. 2 (June 2013)

Front Matter (pp. 1-6)
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Articles

How Deep Are the Roots of Economic Development? (pp. 325-69)
Enrico Spolaore and Romain Wacziarg
Abstract/Tools | Full-text Article | Author Disclosure Statement(s) (53.44 KB)

U.S. High School Graduation Rates: Patterns and Explanations (pp. 370-422)
Richard J. Murnane
Abstract/Tools | Full-text Article | Author Disclosure Statement(s) (28.93 KB)

Political Economy of Public Policies: Insights from Distortions to Agricultural and Food Markets (pp. 423-77)
Kym Anderson, Gordon Rausser and Johan Swinnen
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What's the Good of the Market? An Essay on Michael Sandel's What Money Can't Buy (pp. 478-95)
Timothy Besley
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Forum on the Role of Bounded Rationality versus Behavioral Optimization in Economic Models

Bounded-Rationality Models: Tasks to Become Intellectually Competitive (pp. 496-511)
Ronald M. Harstad and Reinhard Selten
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Boundedly Rational versus Optimization-Based Models of Strategic Thinking and Learning in Games (pp. 512-27)
Vincent P. Crawford
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Incorporating Limited Rationality into Economics (pp. 528-43)
Matthew Rabin
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Book Reviews (pp. 544-64)
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No Slack: The Financial Lives of Low-Income Americans by Michael S. Barr
Reviewed by Gregory Elliehausen of Board of Governors of the Federal Reserve System
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Japan's Great Stagnation: Forging Ahead, Falling Behind by W. R. Garside
Reviewed by Takeo Hoshi of Stanford University
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Making the European Monetary Union: The Role of the Committee of Central Bank Governors and the Origins of the European Central Bank by Harold James
Reviewed by Daniel Gros of Centre for European Policy Studies
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Votes, Vetoes, and the Political Economy of International Trade Agreements by Edward D. Mansfield and Helen V. Milner
Reviewed by Pravin Krishna of Johns Hopkins University
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The Macroeconomic Theory of Exchange Rate Crises by Giovanni Piersanti
Reviewed by Graciela Laura Kaminsky of George Washington University
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Finance and the Good Society by Robert J. Shiller
Reviewed by Erin Todd Bronchetti of Swarthmore College
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America's Economic Way of War: War and the US Economy from the Spanish-American War to the Persian Gulf War by Hugh Rockoff
Reviewed by Volker Janssen of California State University, Fullerton
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The Minimum Wage and Labor Market Outcomes by Christopher J. Flinn
Reviewed by Etienne Wasmer of Sciences Po and LIEPP
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Odd Couple: International Trade and Labor Standards in History by Michael Huberman
Reviewed by Drusilla Brown of Tufts University
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Patenting of Pharmaceuticals and Development in Sub-Saharan Africa: Laws, Institutions, Practices, and Politics by Poku Adusei
Reviewed by Nicoli Nattrass of Centre for Social Science Research, University of Cape Town
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Producing Prosperity: Why America Needs a Manufacturing Renaissance by Gary P. Pisano and Willy C. Shih
Reviewed by Lee G. Branstetter of Carnegie Mellon University
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Demystifying the Chinese Economy by Justin Yifu Lin
Reviewed by Belton M. Fleisher of Ohio State University, Central University of Finance and Economics, and IZA
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Capitalizing on Nature: Ecosystems as Natural Assets by Edward B. Barbier
Reviewed by Eli P. Fenichel of Yale School of Forestry and Environmental Studies
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Using Marginal Damages in Environmental Policy: A Study of Air Pollution in the United States by Nicholas Z. Muller and Robert Mendelsohn
Reviewed by Art Fraas of Resources for the Future and Randall Lutter of Resources for the Future
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Climate Change and Common Sense: Essays in Honour of Tom Schelling by Tom Schelling
Reviewed by Maximilian Auffhammer of University of California, Berkeley
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Golf by the Numbers by Roland Minton
Reviewed by Michael J. Moore of Yale University
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Building Resilience: Social Capital in Post-Disaster Recovery by Daniel P. Aldrich
Reviewed by Benno Torgler of Queensland University of Technology and EBS Universitat fur Wirtschaft und Recht
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Annotated Listing of New Books (pp. 579-668)
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JEL Classification System (pp. 669-683)
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