Peter Drucker, sometimes called the father of modern management, once commented that health care organizations are the most difficult to manage of all organizations. For example, American health care is defined by legislative mandate yet implemented in the private sector.

When it comes to the economic outlook for 2007, Nobel Laureate and W. P. Carey School professor of economics Edward Prescott is optimistic.

The ascent of a Democratic majority in Congress shifts the balance in the debate on illegal immigration. Voices on both sides quote numbers to prove their points, but as decision makers formulate policy, it's important to separate myth from reality.

President Bush's private-insurance initiative, unveiled during the 2007 State of the Union address, keeps alive the debate over how to get at least some of the estimated 47 million uninsured Americans into the system.

There's a large discrepancy between the number of per capita hours people actually worked in the 1990s and the number of hours predicted by the official statistics and the standard growth model.

The area north and south of the U.S.-Mexico border is a unique region that is economically distinct from the rest of the United States and Mexico.

The sports industry operates by its own set of rules when it comes to achieving and measuring success. In Part Two of our discussion, Knowledge@W. P. Carey looks at the economic impact teams have on local economies.

Professional sports are a multimillion dollar industry — an industry that is increasingly playing by rules that don't apply to other businesses.

Why are some parts of the world rich and getting richer? Why are some nations mired in poverty? And what explains the differences in prosperity among states and regions in the United States?

In 2006, the United States' trade deficit in goods was $836 billion, a record for the fifth year in a row and an 80 percent increase from four years earlier.