Journal of Economic Perspectives: Vol. 27 No. 2 (Spring 2013)

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Front Matter (pp. 1-6)
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Symposium: The Growth of the Financial Sector

The Growth of Finance (pp. 3-28)
Robin Greenwood and David Scharfstein
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Finance: Function Matters, Not Size (pp. 29-50)
John H. Cochrane
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Moore's Law versus Murphy's Law: Algorithmic Trading and Its Discontents (pp. 51-72)
Andrei A. Kirilenko and Andrew W. Lo
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An International Look at the Growth of Modern Finance (pp. 73-96)
Thomas Philippon and Ariell Reshef
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Asset Management Fees and the Growth of Finance (pp. 97-108)
Burton G. Malkiel
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Symposium: Early and Later Interventions

Investing in Preschool Programs (pp. 109-32)
Greg J. Duncan and Katherine Magnuson
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What Can Be Done to Improve Struggling High Schools? (pp. 133-52)
Julie Berry Cullen, Steven D. Levitt, Erin Robertson and Sally Sadoff
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Articles

Economics versus Politics: Pitfalls of Policy Advice (pp. 173-92)
Daron Acemoglu and James A. Robinson
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Latin America's Social Policy Challenge: Education, Social Insurance, Redistribution (pp. 193-218)
Santiago Levy and Norbert Schady
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The Investment Strategies of Sovereign Wealth Funds (pp. 219-38)
Shai Bernstein, Josh Lerner and Antoinette Schoar
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Features

Recommendations for Further Reading (pp. 239-46)
Timothy Taylor
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Notes (pp. 253-254)
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