JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org.. Introduced in 1993, Georgia's HOPE Program sponsors a meritbased scholarship for students attending in-state colleges and a grant for those entering technical schools. There are no income restrictions. Comparing Georgia with other southeastern states over the 1988-97 period, HOPE increased freshmen enrollment by 5.9%, or 2,889 students per year, which amounts to only 15% of freshmen scholarship recipients. Four-year colleges account for most of the gain; a reduction in students leaving the state explains two-thirds of the 4-year-school effect attributable to freshmen who have recently graduated from high school. White and black enrollments increased because of HOPE.

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This notation will be used throughout the paper to indicate first, the book being referred to and next, the page number. Stigler called his 1952 edition a ''revised edition'' and so the 1966 edition became the third edition and the 1987 text the fourth edition. To avoid confusion, we refer to the editions as ''books,'' so (Stigler 3) will refer to the third book, which is the 1952 edition.