Social and Behavioral Sciences Commons^™

Congressional Hearings: Immigration Frames In Expert Testimonies, Joshua Woods, C. Damien Arthur Phd

C. Damien Arthur

This book offers a broad interdisciplinary approach to the changes in the U.S. immigration debate before and after 9/11. A nation’s reaction to foreigners has as much to do with sociology as it does with political science, economics and psychology. Without drawing on this knowledge, our understanding of the immigration debate remains mundane, partial, and imperfect. Therefore, our story accounts for multiple factors, including culture and politics, power, organizations, social psychological processes, and political change. Examining this relationship in the contemporary context requires a lengthy voyage across academic disciplines, a synthesis of seemingly contradictory assumptions, and a grasp of research …

Japan Chair Platform: Japan's Other Spending Problem, Gene Park

Gene Park

Since the collapse of the bubble economy in the early 1990s, a combination of declining revenue growth, fiscal stimulus, and growing budget commitments have made Japan the most indebted country of the Organization for Economic Cooperation and Development (OECD). Attention to Japan’s growing public debt problem increased in the wake of Greece’s sovereign debt crisis, and the issue of how to go about fixing Japan’s finances shot to the forefront during July’s Upper House election as competing political parties put forth ideas from trimming wasteful spending to increasing taxes to reducing budget deficits and debt. But until just a short …

The Place Of Economics In Russian Identity Debates, Peter Rutland

Peter Rutland

Public Actors In Private Markets: Toward A Developmental Finance State, Robert Hockett, Saule Omarova

Saule T. Omarova

The recent financial crisis brought into sharp relief fundamental questions about the social function and purpose of the financial system, including its relation to the “real” economy. This Article argues that, to answer these questions, we must recapture a distinctively American view of the proper relations among state, financial market, and development. This programmatic vision – captured in what we call a “developmental finance state” – is based on three key propositions: (1) that economic and social development is not an “end-state” but a continuing national policy priority; (2) that the modalities of finance are the most potent means of …

Understanding Putin's Foreign And Economic Policy Correlation, Sumantra Maitra

Sumantra Maitra

No abstract provided.

Economic Prospects For A One-State Solution In Palestine-Israel, Leila Farsakh

Leila Farsakh

No abstract provided.

Voice Without Say: Why Capital-Managed Firms Aren’T (Genuinely) Participatory, Justin Schwartz

Justin Schwartz

Why are most capitalist enterprises of any size organized as authoritarian bureaucracies rather than incorporating genuine employee participation that would give the workers real authority? Even firms with employee participation programs leave virtually all decision-making power in the hands of management. The standard answer is that hierarchy is more economically efficient than any sort of genuine participation, so that participatory firms would be less productive and lose out to more traditional competitors. This answer is indefensible. After surveying the history, legal status, and varieties of employee participation, I examine and reject as question-begging the argument that the rarity of genuine …

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 …

Neoliberalism And The Law Reassessing Historical Materialist Analysis Of The Law For The 21st Century, Justin Schwartz

Justin Schwartz

Historical materialism has been called in question by the triumph of neoliberalism and the fall of Communism. I show, by consideration of two examples, the 2008 crisis and recent Supreme Court campaign spending First Amendment jurisprudence, that neoliberalism instead vindicates the explanatory power of (non-mechanical and non-deterministic) historical materialism in accounting for a wide range of recent legal developments in legislation, executive (in)action, and judicial decision-making.

Neoliberalism And The Law: How Historical Materialism Can Illuminate Recent Governmental And Judicial Decision Making, Justin Schwartz

Justin Schwartz

Neoliberalism can be understood as the deregulation of the economy from political control by deliberate action or inaction of the state. As such it is both constituted by the law and deeply affects it. I show how the methods of historical materialism can illuminate this phenomenon in all three branches of the the U.S. government. Considering the example the global financial crisis of 2007-08 that began with the housing bubble developing from trade in unregulated and overvalued mortgage backed securities, I show how the repeal of the Glass-Steagall Act, which established a firewall between commercial and investment banking, allowed this …

News Of Corporate Failure: Evaluating The Relationship Between Individual Assessments And Market Investments, Ann Williams

Ann E Williams

Individuals’ comprehension of communication is shaped by the use of metaphor. This study illustrates how the use of metaphor in business and economic news coverage shapes individuals’ responsibility attributions in ways that can ultimately influence consumers’ investment decisions. In a randomized experimental design, participants were invited to read news articles that described the bankruptcy of a business. The treatment text narrated the bankruptcy using metaphor, while the control text narrated the same event without the use of metaphor. After exposure to the communication text narrated with metaphor, responsibility attributions and subsequent investment decisions were significantly altered. The findings suggest that …

Community Development Or Business Promotion? A Look At Sports-Led Economic Development, John P. Pelissero, Beth Henschen, Edward Sidlow

John P. Pelissero

No abstract provided.

The U.S. No Longer Makes The Grade: Economic Inequality Put An End To The 'American Century', David S. Mason

David S. Mason

In his State of the Union address last January, U.S. President Barack Obama said that "anyone who tells you that America is in decline or that our influence has waned, doesn't know what they're talking about." Former Utah Gov. Jon Huntsman, when in the race for the 2012 Republican presidential nomination, warned that unless Americans changed directions, they would see the "end of the American century by 2015." As bright and capable as both of these politicians are, they are both whistling in the wind. The American century - the post-World War II era of U.S. global leadership and dominance …

Implementing Dodd-Frank: A Review Of The Cftc‟S Rulemaking Process: Testimony, Michael Greenberger

Michael Greenberger

The Relationship of Unregulated OTC Derivatives to the Meltdown. It is now accepted wisdom that it was the non-transparent, poorly capitalized, and almost wholly unregulated over-the-counter (“OTC”) derivatives market that lit the fuse that exploded the highly vulnerable worldwide economy in the fall of 2008. Because tens of trillions of dollars of these financial products were pegged to the economic performance of an overheated and highly inflated housing market, the sudden collapse of that market triggered under-capitalized or non-capitalized OTC derivative guarantees of the subprime housing investments. Moreover, the many undercapitalized insurers of that collapsing market had other multi-trillion dollar …

Collective Choice, Justin Schwartz

Justin Schwartz

This short nontechnical article reviews the Arrow Impossibility Theorem and its implications for rational democratic decisionmaking. In the 1950s, economist Kenneth J. Arrow proved that no method for producing a unique social choice involving at least three choices and three actors could satisfy four seemingly obvious constraints that are practically constitutive of democratic decisionmaking. Any such method must violate such a constraint and risks leading to disturbingly irrational results such and Condorcet cycling. I explain the theorem in plain, nonmathematical language, and discuss the history, range, and prospects of avoiding what seems like a fundamental theoretical challenge to the possibility …

Collective Choice, Justin Schwartz

Justin Schwartz

This short nontechnical article reviews the Arrow Impossibility Theorem and its implications for rational democratic decisionmaking. In the 1950s, economist Kenneth J. Arrow proved that no method for producing a unique social choice involving at least three choices and three actors could satisfy four seemingly obvious constraints that are practically constitutive of democratic decisionmaking. Any such method must violate such a constraint and risks leading to disturbingly irrational results such and Condorcet cycling. I explain the theorem in plain, nonmathematical language, and discuss the history, range, and prospects of avoiding what seems like a fundamental theoretical challenge to the possibility …

Who's To Blame When A Business Fails? How Journalistic Death Metaphors Influence Responsibility Attributions, Ann Williams

Ann E Williams

This study unites a textual analysis and an experimental audience study to document the use of death metaphor in business news and to assess the impact that death metaphor has on audiences' attributions of responsibility for corporate failure. The findings show that death metaphors are frequently used in financial press coverage and that the use of death metaphor influences audience members' responsibility attributions by intensifying overall levels of blame, while simultaneously deflecting blame away from the executives responsible for managing the firm and diffusing it to other factors, including the state of the economy, the government, and individual consumers.

Public Opinion Reform In China, David S. Mason, Ken Colburn

Kenneth D. Colburn

As the People's Republic of China shifts toward a more market-oriented economic system, it has also begun exploring another Western institution: scientific public opinion polling. As Yang Guansan, one of China's leading pollsters, said recently in the Beijing Review: "Only five or six years ago, the public opinion poll was considered to be a 'bourgeois' or 'capitalist' method of social survey ... Now the taboo has been swept away in the strong tide of reform, which is challenging all of China's traditions, stereotypes and prejudices."

Change And Continuity In The Irish Urban System: 1966-1981, James Lutz, David Huff

James M Lutz

No abstract provided.

Public Opinion Reform In China, David S. Mason, Ken Colburn

David S. Mason

As the People's Republic of China shifts toward a more market-oriented economic system, it has also begun exploring another Western institution: scientific public opinion polling. As Yang Guansan, one of China's leading pollsters, said recently in the Beijing Review: "Only five or six years ago, the public opinion poll was considered to be a 'bourgeois' or 'capitalist' method of social survey ... Now the taboo has been swept away in the strong tide of reform, which is challenging all of China's traditions, stereotypes and prejudices."

Public Opinion Reform In China, David S. Mason, Ken Colburn

David S. Mason

As the People's Republic of China shifts toward a more market-oriented economic system, it has also begun exploring another Western institution: scientific public opinion polling. As Yang Guansan, one of China's leading pollsters, said recently in the Beijing Review: "Only five or six years ago, the public opinion poll was considered to be a 'bourgeois' or 'capitalist' method of social survey ... Now the taboo has been swept away in the strong tide of reform, which is challenging all of China's traditions, stereotypes and prejudices."

Post-Conflict Planning And Reconstruction: Lessons From The American Experience In Korea, Marcus Noland

Marcus Noland

The American experiences in Afghanistan and Iraq have motivated a re-examination of earlier experiences with post-conflict planning and reconstruction. This paper reviews the US experience in Korea following the Second World War and the Korean War; addresses the political economy of establishing institutions of governance in post-conflict situations; considers the issue of “portability”: the extent to which the South Korean experience may reflect unique and irreproducible conditions; and then applies these ideas by comparing the South Korean experience to the contemporary case of Afghanistan. Some conclusions and policy recommendations are contained in the final section.

Public Opinion Reform In China, David S. Mason, Ken Colburn

David S. Mason

As the People's Republic of China shifts toward a more market-oriented economic system, it has also begun exploring another Western institution: scientific public opinion polling. As Yang Guansan, one of China's leading pollsters, said recently in the Beijing Review: "Only five or six years ago, the public opinion poll was considered to be a 'bourgeois' or 'capitalist' method of social survey ... Now the taboo has been swept away in the strong tide of reform, which is challenging all of China's traditions, stereotypes and prejudices."

Economic Crime And Punishment In North Korea, Marcus Noland

Marcus Noland

The penal system has played a central role in the North Korean government’s response to the country’s profound economic and social changes. As the informal market economy has expanded, so have the scope of economic crimes. Two refugee surveys—one conducted in China, one in South Korea—document that the regime disproportionately targets politically suspect groups, particularly those involved in market-oriented economic activities. Levels of violence and deprivation do not appear to differ substantially between the infamous political prison camps, penitentiaries for felons, and labor camps used to incarcerate individuals for a growing number of economic crimes. Such a system may also …

Antinomies Of Capitalism (Review Of Globalization Its Discontents Joseph Stiglitz, Fernando Estrada

Fernando Estrada

We present the central arguments of the critics on the limits and scope of globalization on the work

Financial Theory Has A Paradigm A La Kuhn?, Fernando Estrada

Fernando Estrada

This article aims to discuss two issues relatively linked. The first is an evaluation of the concept of paradigm of T. Kuhn in his representative work: The Structure of Scientific Revolutions ERC, [Ku96] and the complementary version by W. Stegmüller, Structure and dynamics of theories EDT, [Steg83]. This refined interpretation of the concept of paradigm allows for a more complete set of central Kuhnian concept. The second objective is to analyze the scope of the Kuhnian concept of models to evaluate financial explanation. Is explored preliminarily proposed fractal models / multifractal (F / M) of Mandelbrot [Mand97, 82, 02, 05]. …

Ceo Compensation At Tarp Institutions, Karl T. Muth

Karl T Muth

This is a PowerPoint presentation given at the University of Chicago Booth School of Business on March 10, 2010. It requires the newest version of Microsoft PowerPoint.

Environmental Crises: Past, Present Ad Future, M. Scott Taylor

M. Scott Taylor

Environmental crises are distinguished by rapid and largely unexpected changes in environmental quality that are difficult if not impossible to reverse. Examples would be major extinctions and signi…cant degradations of an ecosystem. I argue there are three preconditions for crisis: failures in governance, an ecological system exhibiting a tipping point, and an economy/environment interaction with positive feedbacks. I develop a simple model to illustrate how a crisis may arise, and draw on our knowledge of past and present crises to highlight the mechanisms involved. I then speculate as to whether climate change is indeed a crisis in the making.

The Intersection Of Judicial Attitudes And Litigant Selection Theories: Explaining U.S. Supreme Court Decision Making, Jeff L. Yates, Elizabeth Coggins

Jeff L Yates

Two prominent theories of legal decision making provide seemingly contradictory explanations for judicial outcomes. In political science, the Attitudinal Model suggests that judicial outcomes are driven by judges' sincere policy preferences -- judges bring their ideological inclinations to the decision making process and their case outcome choices largely reflect these policy preferences. In contrast, in the law and economics literature, Priest and Klein's well-known Selection Hypothesis posits that court outcomes are largely driven by the litigants' strategic choices in the selection of cases for formal dispute or adjudication -- forward thinking litigants settle cases where potential judicial outcomes are readily …

A Security And Peace Mechanism For Northeast Asia: The Economic Dimension, Marcus Noland, Stephan Haggard

Marcus Noland

In this brief, we explore the economic dimension of multilateral security cooperation in Northeast Asia. We begin with a discussion of the purported security benefits of economic egnagement with North Korea. We then outline recent economic developments in North Korea, which provide a crucial background to any discussion of the issue. We raise some cautionary questions about the scope for multilateral economic cooperation in Northeast Asia before outlining how economic cooperation can complement long-run security and economic objectives on the peninsula, including economic reform in North Korea.