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Full-Text Articles in Social and Behavioral Sciences
An Indentured Generation? The Effect Of Student Debt On Entrepreneurship In The United States, Lidia P. Medina
An Indentured Generation? The Effect Of Student Debt On Entrepreneurship In The United States, Lidia P. Medina
Honors Capstone Projects - All
This paper discusses the topical issue of rising student debt and the effect it has on employment decisions, particularly entrepreneurship. This paper aims to analyze this relationship using labor economic theories on investing and saving, labor decisions and risk aversion. Additionally, it discusses the role of entrepreneurship on economic growth and globalization using both historical and present-day data gathered from the National Longitudinal Survey of Youth (1997—2011), The Kauffman Research Center, and the US Department of Education.
Binary Economics And The Case For Broader Ownership, Robert Ashford
Binary Economics And The Case For Broader Ownership, Robert Ashford
College of Law - Faculty Scholarship
Binary economics simultaneously offers a paradigm for understanding economic efficiency, growth, and justice that is foundationally distinct from classical, neoclassical, Keynesian, and socialist economics. First proposed by Louis Kelso, binary economics also offers a prescription for establishing a more inclusive, competitive and democratic private property system, one that universalizes the right to acquire capital with the earnings of capital. Focusing on an important anomaly left unexplained or poorly explained classical, neoclassical, and Keynesian economics (i.e., the persistence of unutilized productive capacity in a context in which markets are supposedly becoming more efficient) and left unremedied by any approach yet applied, …
Capital Democratization, Robert Ashford
Capital Democratization, Robert Ashford
College of Law - Faculty Scholarship
Although, the ideas underlying binary economics were first published in 1958 (Kelso and Adler), the many books and papers that discuss the subject, with the exception of Kane (2000) and Kurland (2001), do not utilize conventional economics language. To facilitate the teaching of binary economics in beginning and intermediate college courses in economics and business, the paper explains some major microeconomic and macroeconomic fundamentals of binary economics by utilizing conventional neo-classical economic models. It then compares the theoretical results reached in a non-binary economic environment to those that may be reached in a binary one. The most important result from …
Memo On Binary Economics To Attorneys For Women And People Of Color Re: What Else Can Public Corporations Do For Your Clients?, Robert Ashford
Memo On Binary Economics To Attorneys For Women And People Of Color Re: What Else Can Public Corporations Do For Your Clients?, Robert Ashford
College of Law - Faculty Scholarship
One important duty of lawyers is to assist clients in identifying and securing their essential rights, responsibilities, and opportunities. One important purpose of legal education is to enable lawyers to assist clients and society in identifying and securing essential rights, responsibilities, and opportunities. This Article describes one opportunity (based on an approach to economics called "binary economics" first proposed by Louis Kelso), rarely advanced by counsel, that may offer women and people of color, public corporations, and their shareholders benefits far greater than expectations based on the mainstream economic theories (classical, neoclassical, and Keynesian) usually employed to evaluate economic policy …
Entrepreneurship And Economic Growth: The Proof Is In The Productivity, Douglas Holtz-Eakin, Chihwa Kao
Entrepreneurship And Economic Growth: The Proof Is In The Productivity, Douglas Holtz-Eakin, Chihwa Kao
Center for Policy Research
Popular and policy discussions have focused extensively on "entrepreneurship." While entrepreneurship is often viewed from the perspective of the individual's benefits--an increase in standard of living, flexibility in hours, and so forth--much of the policy interest derives from the presumption that entrepreneurs provide economy-wide benefits in the form of new products, lower prices, innovations, and increased productivity. How large are these effects? Using a rich panel of state-level data, we quantify the relationship between productivity growth--by state and by industry--and entrepreneurship. Specifically, we use state-of-the-art econometric techniques for panel data to determine whether variations in the birth rate and death …