Social and Behavioral Sciences Commons^™

The Effect Of Outward Foreign Direct Investment On Exports In Japan During The Lost Decade, 1985-2005, Alexandros Ladas

Dissertations and Theses

This study will utilize an OLS analysis of the panel data coming from various databases such as the World Bank, Federal Reserve and etc. to determine if there exists a significant correlation between the exports of Japan and its foreign direct investment (FDI) in the period of 1985-2005 with nearby trading partners of which include the countries of ASEAN, China and South Korea. In addition, a selection of supplemental factors will be used to determine if they also possess any significance with exports. These factors include: the exchange rate of the Japanese yen with the currency of the trading partner …

Contrasting Chicago School And Kaleckian Theories: Industrial Organization, Income Distribution, And Historical Policy Significance In The United States, Henry Aaron Dobbs

Electronic Theses and Dissertations

The purpose of this paper is to identify the role that long-run industry concentration plays in determining the distribution of income, particularly in the past four decades in the United States, as well as examining how industry concentration has developed during that period. The paper is especially focused on the fall in labor’s share of income. First, I examine current literature regarding trends in industry concentration and its relation to the distribution of income. Next, I examine the historical impact of the Chicago School of Economics on this subject, focusing on the school of thought’s propositions regarding industry concentration, their …

Changing The Rules Of The Game: Can Voicing For Social Responsibility Influence Market Behavior Toward Greater Inclusiveness In Economic Development?, Eileen M. Hoffmann

Electronic Theses and Dissertations

This thesis examines social responsibility within a capitalist economy by investigating socially responsible investing and, tangentially, corporate social responsibility. These concepts have been at the heart of economic and legal debates for hundreds of years, with no clearly defined consensus regarding how to account for multi-stakeholder welfare inside the market system. This point is brought to life by analyzing two dominant twentieth-century economic periods, 1945-1975/79 and post-1980, through the deliberations of Keynesian economics and Milton Friedman.

This thesis postulates that since the 2008 global financial crisis, a new (i.e. third) economic period is taking shape, ushered in by both the …

Financial Crisis And Bank Lending Behavior In Nigeria, Michael A. Oyakojo

Electronic Theses and Dissertations

Bank lending is an important monetary policy transmission channel with significant impact on economic growth in Nigeria. The research was conducted to test the hypothesis that given the Central Bank of Nigeria (CBN) / government financial intervention, there is a significant increase in the lending behavior of Nigerian bank during and post 2008 financial crisis. Total loan ratio is the proxy for bank lending behavior while the dependent variables are bank specific characteristics like total assets, core deposit ratio and macroeconomic variables like the 91-day Treasury bill rate and inflation rate.

Using the fixed effects regression technique, it was observed …

The Size Of The Multiplier: Comparing Alternate Views After The Great Recession, Daniel Focht

Electronic Theses and Dissertations

This thesis reviews the major theoretical frameworks and their outlook on the government spending, its effectiveness, the implied size of the multiplier and how they differed in empirical studies. This is followed by an estimation of the government multiplier for the major U.S. fiscal policy, namely the American Recovery and Reinvestment Act (ARRA), after the Great Recession of 2007-2009. Own estimation of the size of the multiplier is presented using a standard SVAR model based on New Keynesian approach for time period between 2009 and 2018. In addition, following the classical economic theory, the multiplier is recalculated in the absence …

Whatever Did Happen To The Antitrust Movement?, Herbert J. Hovenkamp

All Faculty Scholarship

Antitrust in the United States today is caught between its pursuit of technical rules designed to define and implement defensible economic goals, and increasing calls for a new antitrust “movement.” The goals of this movement have been variously defined as combating industrial concentration, limiting the economic or political power of large firms, correcting the maldistribution of wealth, control of high profits, increasing wages, or protection of small business. High output and low consumer prices are typically unmentioned.

In the 1960s the great policy historian Richard Hofstadter lamented the passing of the antitrust “movement” as one of the “faded passions of …

Jews: The Makers Of Early Modern Berlin, Conlan Vance

2018 Symposium

This paper will discuss how Jews fit into the economic policies of Brandenburg-Prussia in the later 16^th century. From Frederick William’s decree in 1671 to allow fifty Jewish families to settle in Brandenburg-Prussia to these families and their descendants becoming immersed in the economy of Berlin through their use in courts but more so through their trading, specifically, the ways in which they traded and how they used these to free themselves from some of the constraints of German Christian society. Thusly, this will be shown by looking at Jews in Brandenburg-Prussia in the later 17th century, Jews in …

Your Thoughts Projected: Television Comedies, Economic Content, And American Economic Attitudes, 1949-1990, Cody J. Lolos

All Master's Theses

This study analyzes the relationship between American television audiences and television comedies in the latter half of the twentieth century. The driving questions are how did television comedies depict economic content and how was that content related to American audiences' economic perceptions? By analyzing eight television comedy programs, this study asserts that not only did television comedies contain a substantial amount of economic content, including consumption, thrift, employment, and other significant and relevant economic factors, but the economic content found in television comedies accurately reflected Americans' economic attitudes over time. As a result, television comedies' economic content further correlated with …

The Symbolic U.S. Dollar: An Exploration Of Transforming Meanings, Dylann Ward

All Graduate Theses, Dissertations, and Other Capstone Projects

The currency used in the United States (U.S.) is called the dollar. Repeatedly individuals holding lawful positions, within the U.S. government, have used their legal power to change the meanings attached to the U.S. dollar. This study was able to show how a U.S. dollar transforming event can be understood as action taken on the part of individuals holding lawful positions, within the U.S. government, to fundamentally change the meaning attached to the U.S. dollar in efforts to either maintain or elevate the position of the U.S. relative to other countries within the international field. Such was the case in …

The Price Revolution In The Ottoman Context: Economic Upheaval In The Sixteenth Century, Dylan Lawrence Russell

Middle Eastern Communities and Migrations Student Research Paper Series

The inflationary pressures of the Price Revolution had an impact on Ottoman agricultural organization, state finances, industry, and the growth of corruption. This analysis will examine the causes, effects, and scope of inflation in the sixteenth century. Inflation alone did not cause these drastic changes, as other very significant developments also contributed to the turbulent economic environment. However inflation did, in fact, influence many basic transformations, including shifts in wealth, power, and the enrichment of specific social classes at the expense of others.

Patterns Of Enslavement And Economic Oppression Of Central Virginia, Hannah Bedwell

Undergraduate Research Posters

I address how anthropologists can identify the patterns and development of slavery and economic oppression through archaeology and the visualization of Virginia enslavement. I focus on the enslaved people of James Madison's Montpelier. I use 3D modeling as a foundation for integrating enhanced visuals with the goal of presenting a tangible understanding of the enslaved individuals in relation to the artifacts and history of the archaeological sites. I intend to show a common theme in economic oppression by comparing modern themes in slavery and examining Fraser D. Neiman's synthesis of the evolutionary perspective of slavery, and how little has changed …

The Rise And Fall Of The Zaibatsu: Japan's Industrial And Economic Modernization, David A. C. Addicott

Global Tides

Throughout the past century, the rise and fall of the zaibatsu and the operations of their direct successors has not only shaped Japan’s economic and financial landscape but also has been instrumental in the modernization of the world economy. Many of these corporations traced their roots to Japan’s premodern era, and were directly responsible for the transformation of a nation of rice farmers into an industrial powerhouse in the years prior to World War II. Following Japan’s defeat, these monopolistic corporations were dismantled by the Keynesian economists of the Allied occupation and were reorganized into the keiretsu system, which exists …

Development Of Utility Theory And Utility Paradoxes, Timothy E. Dahlstrom

Lawrence University Honors Projects

Since the pioneering work of von Neumann and Morgenstern in 1944 there have been many developments in Expected Utility theory. In order to explain decision making behavior economists have created increasingly broad and complex models of utility theory. This paper seeks to describe various utility models, how they model choices among ambiguous and lottery type situations, and how they respond to the Ellsberg and Allais paradoxes. This paper also attempts to communicate the historical development of utility models and provide a fresh perspective on the development of utility models.

Defending A Mixed Economy, Herbert J. Hovenkamp

All Faculty Scholarship

This essay reviews Jacob S. Hacker's and Paul Pierson's very engaging book, American Amnesia: How the War on Government Led Us to Forget what Made America Prosper (2016).

From The Classical School To Today: The Evolution Of Stagnation Theories, Francis J. Lukacovic Ii

Applied Economics Theses

The purpose of this thesis is to study the theory of secular stagnation, which was made famous by the American Keynesian economist Alvin Hansen in his book Full Recovery or Stagnation. The theory of secular stagnation has reappeared in economic circles today due to recent economic conditions since the financial crisis of 2007-2008. The thesis will analyze the history of the stagnation theory dating back to Classical economists in the 19^th century. The concept of a stagnating economy has been talked about for centuries with many economists adding important thoughts. Furthermore, the thesis will address the current questions and …

Rethinking The "Marginal Revolution" In The History Of Economic Thought: A Brief Examination Of The Marginal Utility Theory Before And In The 1870s, Ding Ning

Electronic Theses and Dissertations

The "Marginal Revolution," a well-known event in the history of economic thought, challenged the mainstream classical political economy and introduced new methods to economic study. The "Marginal Revolution" marked the rise of the Marginal Utility School and pushed the formulation of neoclassical economics. Because marginal utility is the core concept of the "Marginal Revolution," this thesis studies the origin of marginal utility theory by examining figures such as Bernoulli, Bentham, Dupuit, and Goseen, and the utility theory with its related topics of Jevons, Menger and Walras in the 1870s. This thesis considers the significance of the "Marginal Revolution," with particular …

The Progressives: Economics, Science, And Race, Herbert J. Hovenkamp

All Faculty Scholarship

This essay is a brief review of Thomas C. Leonard, Illiberal Reformers: Race, Eugenics, and American Economics in the Progressive Era (Princeton Univ. Press 2016).

Aggregate Demand And Defensive Spending In The United States From The Second World War To The End Of The Twentieth Century, Sam Martin

Student Writing

No abstract provided.

The Effect Of Single Women And The Early Modern Economy, Bridget Heussler

Journal of Undergraduate Research at Minnesota State University, Mankato

Historians have shown that women are generally more accepted as workers within thriving economic environments. This is particularly true of eighteenth-century Europe, a time of economic transition, expansion and social flux. Historians have indicated a rise of never-married women in eighteenth-century towns and cities, but our knowledge of women's specific roles and contributions during this time of economic expansion remains slim. My research examined and compared tax records from the parish of St. Philibert in Dijon, France between 1730 and 1750. An examination of the tax records allows historians one indication of the overall economic contribution of individual householders within …

Breaking Social Confinement: An Analysis Of Eighteenth-Century Women In The French Economy, Meghan Turok

Journal of Undergraduate Research at Minnesota State University, Mankato

The study of single women in early modern Europe (1500-1800) has become a focus of scholarly examination during the past ten years. Historians have recognized that female singleness was often detested as it rejected the societal expectations of women that included domesticity and submission. But what they have yet to identify are the valuable economic contributions single women as a whole provided to society. In order to offer further research to this study, I examined 1795 census records from the Archives départementals de la Côte d’Or in Dijon, France that I translated from French to English. The census I examined …

Alienation In Capitalism: Rediscovering Fulfillment, Gregory Lee Carter

Honors Theses and Capstones

Many Americans are pessimistic about their country's medium or long-term economic outlook. A century ago, Big Business was born as an economic force, but it has powerfully infiltrated the realm of politics now. The corporate scramble for natural resources has caused global disharmony and domestic economic conflict in the U.S. The capitalist system, which many have come to realize is unsustainable and oppressive, has thus come to fulfill some of the predictions made by earlier critics from Kierkegaard, Rousseau, to Marx. Each believed that a society which is forced to accommodate an oppressive system will inherently display alienation. That …

A Theory Without A Movement, A Hope Without A Name: The Future Of Marxism In A Post-Marxist World, Justin Schwartz

Justin Schwartz

Just as Marx's insights into capitalism have been most strikingly vindicated by the rise of neoliberalism and the near-collapse of the world economy, Marxism as social movement has become bereft of support. Is there any point in people who find Marx's analysis useful in clinging to the term "Marxism" - which Marx himself rejected -- at time when self-identified Marxist organizations and societies have collapsed or renounced the identification, and Marxism own working class constituency rejects the term? I set aside bad reasons to give on "Marxism," such as that the theory is purportedly refuted, that its adoption leads necessarily …

Automobiles Autarky And Authority: The Effects Of Nazi Centralized Economic Planning 1932-1942, Andrew Stinchfield

Honors Theses

This thesis examines the benefits and drawbacks of Nazi centralized economic planning. From an entirely political and economical standpoint, Hitler and the National Socialists’ highly regulated and restrictive policies were initially beneficial for Germany because they created a centralized economic vision and improved national morale. The liberal ideology of the Weimar Republic resulted in major class divisions within the nation, where laissez-faire economics left middle-citizens marginalized and at the mercy of profit-seeking big businesses. The Wall Street Crash of 1929 exposed the weaknesses of liberalism and resulted in a massive rise in political resentment. The regime accumulated power because their …

Europe’S Little Tiger?: Reassessing Economic Transition In Slovakia Under The Mečiar Government 1993-1998, David A. Wemer

The Gettysburg Historical Journal

Vladimir Mečiar, the first Prime Minister of independent Slovakia, is often criticized for his suppression of free media, political repression, and the widespread corruption of his government from 1993-1998. Mečiar has also been attacked for his economic policies, which critics suggest slowed down privatization and left Slovakia in a huge debt crisis. A closer look at macroeconomic data, however, demonstrates an impressive economic record for Mečiar, who oversaw several years of strong GDP growth, and relatively low levels of unemployment and inflation. By slowing down the privatization process, retaining control of key industries, and maintaining the social safety net, Mečiar …

A Matter Of Scale: Assessing The Great Recession Against The Great Depression, Steven L. Danver

Walden Faculty and Staff Publications

The Great Depression of the 1930s and the Great Recession of the late 2000s are compared using economic, social, and political measures to determine if the later economic downturn was as much of a bellwether event as its predecessor.

Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid

Muhammad Irfan Chani

This study investigates the casual relationship between economic development and formation of human capital in Pakistan. Based on endogenous growth theory, this study empirically tests the standard growth model consisting of gross domestic product (GDP) per capita as a dependent variable and human capital formation, investment in physical capital and labor force as independent variables. Autoregressive distributive lag (ARDL) bound testing approach to cointegration is used to check the long-run equilibrium relationship between the variables included in the model. For checking the causal relationship between economic development and human capital formation, pair-wise Granger causality test is used for time series …

Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan

Muhammad Irfan Chani

This study aims to investigate the role that various socioeconomic factors like female education, urbanization and female labour force participation play in determining fertility of women in Pakistan. ARDL bound test approach to cointegration is used to analyze the long-run relationship of the variables by using the data for the period from 1980 to 2009. The empirical results show that there exists a long-run as well as short-run relationship between fertility and urbanization, female labour force participation and female education in Pakistan. The analysis indicates there is a negative relationship between all 3 determinants with fertility. Female education and urbanization …

The Historical Background Of The Communist Manifesto, George R. Boyer

George R. Boyer

[Excerpt] The Manifesto of the Communist Party, published 150 years ago in London in February 1848, is one of the most influential and widely-read documents of the past two centuries. The historian A. J. P. Taylor (1967, p. 7) has called it a "holy book," and contends that because of it, "everyone thinks differently about politics and society." And yet, despite its enormous influence in the 20th century, the Manifesto is very much a period piece, a document of what was called the "hungry" 1840s. It is hard to imagine it being written in any other decade of the 19th …

The Poor Law, Migration, And Economic Growth, George R. Boyer

George R. Boyer

The loss to the English economy caused by decreased migration resulting from relief payments to agricultural laborers is estimated. I conclude that, at worst, the Poor Law had a small negative impact on national product. If poor relief and wages were substitutes, the Poor Law may have had a positive impact on capital formation and economic growth.

New Estimates Of British Unemployment, 1870-1913, George R. Boyer, Timothy J. Hatton

George R. Boyer

We present new estimates of the British industrial unemployment rate for 1870- 1913, which improve on the Board of Trade's prior estimates. We use similar sources, but our series includes additional industrial sectors, allows for short-time working, and aggregates the various sectors using appropriate labor-force weights from the census. The resulting index suggests a rate of industrial unemployment that was generally higher, but less volatile, than the board's index. We then adjust our series to an economywide basis, and construct a consistent time series of overall unemployment for 1870-1999.