Playing the Pieces of New England's Airport System by John Campbell
Today, air transportation is economically critical to communication, domestic and international trade, and investment.

The Joy of Consumption by Jane Katz
Acquiring material goods and services is the endgame of the economy's vast productive capacity, purchases that provide us with the basics -- nourishment, clothing, and shelter.

The Impact of Inflation by Rebecca Hellerstein
Though economists do not always agree about when inflation starts to interfere with market signals, the public tends to express serious alarm once the inflation rate rises above 5 or 6 percent.

Observations
From Around the Region

Perspective on State Tax Policy by Robert Tannenwald and Alicia Sasser

Book Review, The Misfortunes of Prosperity by J. Bradford De Long

Letters to the Editor

Letter from Providence, Rhode Island by Jennifer Sutton