By GARY S. BECKER (Nobel Prize Laureate) and KEVIN M. MURPHY
Wall Street Journal
How much will the stimulus package moving in Congress really stimulate the
economy?
The evaluations to date have been incomplete, so we looked at the likely
stimulative effect from the spending parts of the House and Senate bills --
over $500 billion -- and assessed the quantitative effects of four basic
factors.
1) How much increase in Gross Domestic Product (GDP) can be expected from
the stimulus package?
In a ful
