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Social and Behavioral Sciences Commons™
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Articles 1 - 9 of 9
Full-Text Articles in Social and Behavioral Sciences
The American Militia And The Origin Of Conscription: A Reassessment, Jeffrey Rogers Hummel
The American Militia And The Origin Of Conscription: A Reassessment, Jeffrey Rogers Hummel
Faculty Publications
No abstract provided.
Reflections On Market Reform In Post-War, Post-Embargo Vietnam, Lan Cao
Reflections On Market Reform In Post-War, Post-Embargo Vietnam, Lan Cao
Faculty Publications
No abstract provided.
Economy And 'New Economy' In The United States And Germany, Phillip J. Bryson
Economy And 'New Economy' In The United States And Germany, Phillip J. Bryson
Faculty Publications
The expression "New Economy" is used inconsistently. This Article review the driving forces of the US boom of the 1990s, examining the changes introduced in the period and before, focusing on the IT sector and new technologies. The "New Economy" is not just the new sectors, but changes in the overall economy emanating from them. These changes will not evaporate in an economic slowdown. Comparisons of the USA with Germany and Europe illustrate that the "New Economy" will also continue to develop there on the foundations already laid.
Appraising Industrial Special-Purpose Properties, Robert G. Crawford, Barrett A. Slade
Appraising Industrial Special-Purpose Properties, Robert G. Crawford, Barrett A. Slade
Faculty Publications
This article proposes a new technique, based on utilization rates, for estimating economic obsolescence in the appraisal of industrial special-purpose properties. A utilization-based measure, which explicitly considers the operating leverage of the facility, allows for proper calculation of the obsolescence. Theoretically correct valuation principles underlie the proposed utilization methodology. The technique uses inputs that are reasonably available to an appraiser, thus providing a practical application of the proposed methodology.
Size Of The Military Sector And Economic Growth: A Panel Data Analysis Of Africa And Latin America, Michael D. Stroup, Jac C. Heckelman
Size Of The Military Sector And Economic Growth: A Panel Data Analysis Of Africa And Latin America, Michael D. Stroup, Jac C. Heckelman
Faculty Publications
We estimate the influence of defense spending and military labor use on economic growth in African and Latin American countries. Our model integrates disparate implications from the defense economics literature into a Barro-style model of economic growth that controls for political and economic institutional variation across countries. Our panel data analysis of 44 countries in Africa and Latin America from 1975 to 1989 also controls for cross-country variation in lost human capital and public sector production inefficiencies. We find empirical evidence that the defense burden on economic growth is non-linear, with low levels of military spending increasing economic growth but …
New Anti-Merger Theories: A Critique, Edward J. Lopez
New Anti-Merger Theories: A Critique, Edward J. Lopez
Faculty Publications
The purpose of this paper is to evaluate these new anti-merger instruments on the basis of economic theory and evidence. I first discuss how the economics of antitrust has developed over the years, with the intention of characterizing the intellectual inheritance of 1990s' antitrust regulators. Within this context, I then discuss each anti-merger instrument, how it has been applied in specific cases, and how it accords with underlying economic science. On the basis of these arguments, antitrust regulators should pause and reconsider the theoretical and empirical bases of applying unilateral effects and innovation markets to merger investigations.
Technology And Market Failure, Fred Foldvary, Daniel Klein
Technology And Market Failure, Fred Foldvary, Daniel Klein
Faculty Publications
No abstract provided.
The Measurement Of Inequality, Concentration, And Diversification., Fred Foldvary
The Measurement Of Inequality, Concentration, And Diversification., Fred Foldvary
Faculty Publications
The Lorenz curve and Gini coefficient are typically used to measure inequality. A different way to measure inequality is introduced here: I = CN, the product of concentration and number of units. The resultant index can be interpreted with reference to an inequality base where one unit owns all and the rest nothing. This inequality index also integrates the measurement of inequality, concentration, and diversification into one system, where diversification is measured as the inverse of concentration. I = CN accommodates various measures of concentration, including the Herfindahl-Hirschman and Tideman-Hall indexes. The Tideman-Hall concentration index also provides indexes of concentration, …
The Ethics Of Taxation, Fred Foldvary
The Ethics Of Taxation, Fred Foldvary
Faculty Publications
The judgment of taxation by ethical standards requires a universally applicable ethic. Such an ethic, natural moral law, can be derived using the Lockean framework based on equality. By this universal ethic, persons have property rights in their bodies and lives, and thus in their labor. The taxation of wages and of products of labor are therefore morally wrong. The equality premise, combined with the Lockean proviso on land, leads to the conclusion that public revenues may be justly obtained from the rental benefit of natural resources. Voluntary user fees and invasion penalties such as pollution charges are also morally …