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Positivism And The Separation Of Law And Economics, Avery Wiener Katz
Positivism And The Separation Of Law And Economics, Avery Wiener Katz
Michigan Law Review
The goal of this essay is to explain this problem and to translate the meaning of positivism between legal and economic cultures, in order to show economists and lawyers why much of the debate about the jurisprudential merits of law and economics misses the mark. My thesis is that it is positivism, and the way economic culture treats the positive-normative distinction, that is responsible for much of the gulf between law and economics - but that it is also positivism that makes economics so appealing to so many lawyers and legal scholars. For a positivist approach can be useful to …
Africa's First "Tiger Cub": The Incredible Success-Story Of Mauritius, Vinod Cardoza '96, Isabelle Pun Sin '97
Africa's First "Tiger Cub": The Incredible Success-Story Of Mauritius, Vinod Cardoza '96, Isabelle Pun Sin '97
The Park Place Economist
Mauritius has often been cited as the success story of the 1980s among developing countries. The country embarked on an ambitious program of industrial and commercial development in 1971, when the Export Processing Zone (EPZ) was set up (Reuters Librq Reporr 1995). According to Business America (Craig 1992), ''From 1 97 1 to 1990, the number of enterprises in the EPZ jumped fiom 10 to 574; employment from 644 to 88,258; exports from MRS. (Mauritian Rupees) 4 million to MRS. 1 1,000 million; and exports as a percentage of total Mauritian exports fiom 1 1 to 63 percent."
Letter From The Editor, Ashley Wickerma '96
Letter From The Editor, Ashley Wickerma '96
The Park Place Economist
No abstract provided.
Reflections On The Economics Program, Dr. Margaret L. Chapman
Reflections On The Economics Program, Dr. Margaret L. Chapman
The Park Place Economist
No abstract provided.
From Those Who Know: Alumni Advice, Elsie Shen '95
From Those Who Know: Alumni Advice, Elsie Shen '95
The Park Place Economist
They remind us that it is not the theories we learn or the graphs we draw that &e most important. Rather, the general skills we develop during the four years of our college life help most.
Interview With Dr.Pamela Lowry, Julieanna Lambert '97
Interview With Dr.Pamela Lowry, Julieanna Lambert '97
The Park Place Economist
Illinois Wesleyan University Professor of Economics Dr. Pamela Lowry has been working on a topic she started researching in graduate school. Part of her research will culminate when her paper "External Economies and Trade: An Empirical Analysis" appears in the journal Economic Development and Cultural Change. Dr. Lowry's study, based on findings fiom her dissertation, involves using large amounts of data to test more exactly how increasing social capabiity expands a country's abiity to trade.
The Graduating Class, Junaid Ahmed '96
The Graduating Class, Junaid Ahmed '96
The Park Place Economist
An unprecedented number of seniors are graduating with an Economics degree this year. The seniors are planning on getting into a number of different areas following their graduation. Here is a brief description of each senior:
Wetlands: America's Lost Resource?, John Gutowski '98
Wetlands: America's Lost Resource?, John Gutowski '98
The Park Place Economist
A trend toward draining wetlands emerged as the United States grew in population, expanded geographically, and developed economically. Farmers and developers found that it was profitable to drain wetlands for farming and development purposes. The draining of wetlands was economifly efficient to a point but, because of the characteristics of wetland benefits, far more wetlands were drained than would have been efficient. This article will discuss the main benefits of wetlands, why more wetlands were drained than would have been efficient, and what the government should do to try to correct this inefficiency.
An Analysis Of Guaranteed Student Loans, Amanda Leifheit '96
An Analysis Of Guaranteed Student Loans, Amanda Leifheit '96
The Park Place Economist
"The Guaranteed Student Loan Program provides loans to students even without collateral, income, or credit history, which creates a great risk."
The Stock Market As A Leading Indicator: An Application Of Granger Causality, Brad Comincioli '95
The Stock Market As A Leading Indicator: An Application Of Granger Causality, Brad Comincioli '95
The Park Place Economist
The stock market has traditionally been viewed as an indicator or "predictor" of the economy. Many believe that large decreases in stock prices are reflective of a hture recession, whereas large increases in stock prices suggest future economic growth.
Killed By Asbestos, Matt Mikulcik '97
Killed By Asbestos, Matt Mikulcik '97
The Park Place Economist
Asbestos is a fiberlike insulation material that causes cancer and respiratory diseases, namely mesothelioma and asbestosis (Times, 1994). The victims of asbestos, which include people of all occupations, fiom asbestos-textile workers to secretaries at public schools, have no hope for a cure for their illness which causes extreme pain and possibly death for its victims. It has been estimated that some 200,000 asbestos-related claims have been resolved thus far, with 200,000 more still pending and 50 to 60 new claims being filed each day (Snyder, 1994). This paper will explore asbestos issues by looking at the history of the asbestos …
The Market Structure Of Higher Learning, Brett Roush '97
The Market Structure Of Higher Learning, Brett Roush '97
The Park Place Economist
A student embarking on a college search is astounded at the number of higher learning institutions available -- an initial response may be to consider their market structure as one of perfect competition. Upon fkrther consideration, though, one sees this is inaccurate. In fact, the market structure of higher learning incorporates elements of monopolistic competition, oligopoly, and monopoly. An institution may not explicitly be a profit maximizer. However, treating it as such allows predictions of actions to be made by applying the above three market structures. Such predictions include the quantity of education offered as well as advertising tendencies (Section …
Cultural Wage Differentials Among United States Immigrants, William Takahashi '96
Cultural Wage Differentials Among United States Immigrants, William Takahashi '96
The Park Place Economist
This project will attempt to take a modem snapshot of the ongoing process of immigration and cultural diversification, examine the problem of immigrant adaptation into the American way of life and explore which groups, if any, have an advantage when it comes to integrating into American society. More specifically this paper will address the question of what role cultural factors have in determining the standard of living of immigrants. Section II deals with related research on the topic. Section IIl will lay out the theoretical foundation and propose the hypotheses. Section N explains the empirical model. Section V discusses the …
Alumni Notes, Diana Imaka '96
Getting A Competitive Edge Through Economics, Angela Smith '96
Getting A Competitive Edge Through Economics, Angela Smith '96
The Park Place Economist
Students who choose to major or minor in economics do not always do so because they are interested in becoming economists. Unlike degrees in accounting or nursing, the practical applications of an economics degree are not often obvious. Some of us choose economics simply because we enjoy it, and do not realize until later all of the avenues open to graduates with an economics background.
Investing In The Future: An Interview With Yuet Wei Wan, Angela Smith '96, Elsie Shen '95
Investing In The Future: An Interview With Yuet Wei Wan, Angela Smith '96, Elsie Shen '95
The Park Place Economist
Recent graduate Yuet Wei Wan completed her Illinois Wesleyan career in 1993 with a 4.0 GPA and bachelor's degreea in Mathematics and Economics. She then went on to embark on an exciting new career in investment banking.
Risk Associated With Different College Majors, Dan Scholz '96
Risk Associated With Different College Majors, Dan Scholz '96
The Park Place Economist
There have been numerous studies to show that students in engineering, and scientifically oriented fields typically have higher average earnings than students in broader studies l i e the humanities and English (Altonji, 1993; Angle and Wissrnann, 1981; Berger, 1988 "cohort"; Reed and Miller, 1970). The question arises as to why there is a diierence. While there are probably many different factors for the wage differentials, risk must be considered one of those factors. If diierent risks are associated with different majors, it would certainly be feasible that wage differentials would arise.
Why Is This Man A Moderate?, Richard A. Epstein
Why Is This Man A Moderate?, Richard A. Epstein
Michigan Law Review
A Review of William A. Fischel, Regulatory Takings: Law, Economics, and Politics
Overcoming Posner, Gerard V. Bradley
Overcoming Posner, Gerard V. Bradley
Michigan Law Review
A Review of Richard A. Posner, Overcoming Law
The Promotion And Preservation Of Culture As Part Of Environmental Policy, Nancy Perkins Spyke
The Promotion And Preservation Of Culture As Part Of Environmental Policy, Nancy Perkins Spyke
William & Mary Environmental Law and Policy Review
No abstract provided.
A Neural Network To Predict Civilian Unemployment Rates, Milam Aiken
A Neural Network To Predict Civilian Unemployment Rates, Milam Aiken
Journal of International Information Management
Forecasting national unemployment is one of the most important problems of modern economies, and most researchers have relied upon statistical techniques with their stringent data assumptions and low accuracy rates to predict changes in this macroeconomic data. This paper describes how a neural network using leading economic indicator data can help to predict civilian unemployment rates. Results show that the neural network provides superior estimates of rates one month into the future compared to multi-linear regression and two naive forecasting techniques.
The Economic And Political Factors Affecting The U.S. Sugar Subsidy Program, Anne Peterson '96
The Economic And Political Factors Affecting The U.S. Sugar Subsidy Program, Anne Peterson '96
Res Publica - Journal of Undergraduate Research
Sugar growers continue to benefit from favorable economic conditions provided by the U.S. government. Yet empirical data reveal a decrease in the aggregate support for sugar legislation in recent years. In 1978, there were 9,187 full or part owners of sugar cane and sugar beet farms, compared to 7,799 farms in 1987. The level of sugar subsidy allocated to the farmers, however, has increased and even favored certain sugar growers disproportionately over others. Such empirical findings suggests that politics, as much as economics, affect the level of sugar subsidy. This paper examines why an increasingly smaller number of sugar farmers …
Browns To Baltimore: Franchise Free Agency And The New Economics Of The Nfl, Sanjay Jose' Mullick
Browns To Baltimore: Franchise Free Agency And The New Economics Of The Nfl, Sanjay Jose' Mullick
Marquette Sports Law Review
No abstract provided.
Allocating The Burden Of Proof In Sales Litigation: The Law, Its Rationale, A New Theory, And Its Failure, Alex Stein
Allocating The Burden Of Proof In Sales Litigation: The Law, Its Rationale, A New Theory, And Its Failure, Alex Stein
University of Miami Law Review
No abstract provided.
Harmonization Of International Bankruptcy Law: A United States Perspective, Harold S. Burman
Harmonization Of International Bankruptcy Law: A United States Perspective, Harold S. Burman
Fordham Law Review
No abstract provided.