Economics Commons^™

Bolívar Empresario, Guillermo Arosemena

Guillermo Arosemena

No abstract provided.

Dinero Y Soberanía, Guillermo Arosemena

Guillermo Arosemena

No abstract provided.

Adam Smith, Natural Movement, And Physics (Working Paper), Spencer J. Pack

Economics Faculty Publications

No abstract provided.

The Birth Of The U.S. Federal Reserve, Richard A. Naclerio

History Faculty Publications

On November 16, 2014 the United States Federal Reserve celebrated the centennial of its organization. Its one hundred year legacy has left no doubt of its vast monetary control, its far-reaching geopolitical power, and its enigmatic secrecy. These defining features of the Fed remain a mirror of the men who created it. Wall Street barons and ambitious politicians vied for control over shaping the U.S. Federal Reserve to the specifications that suited the needs of both their country and themselves.

This paper covers men like Senator Nelson Aldrich, J.P. Morgan, Jacob Schiff, and Paul M. Warburg, who were the undeniable …

Monetary Expansion And Bank Credit: A Lack Of Spark, Lucjan T. Orlowski

WCBT Faculty Publications

This paper aims to evaluate the effects of the Federal Reserve monetary expansion over thepast 15 years on the credit channel of monetary policy transmission. To do so, we analyze the allocation of the Fed vast liquidity injections by the U.S. banks. The underlying hypothesis is that the considerable monetary expansion neutralized the bank credit expansion as banks channeled borrowed liquidity into other assets.

The monetary expansion was propelled by the financial crisis of 2007–2008. The crisis led to the rapid deterioration of asset performance and liquidity of the banking system. Among the key factors contributing to the crisis was …

The Role Of Soviet Invasion Of Afghanistan In The Breakdown Of The Ussr, Ezoza Nomazova

Undergraduate Research Posters

The collapse of the Soviet Union in 1991 was one of the biggest historic events of XX century. Much like the Roman Empire, the USSR breakdown was due to an aggregate of factors, some internal, and some foreign. Unlike, the Roman Empire, the Soviet Empire collapsed suddenly. Among the reasons for the fall of the Union, the invasion of Afghanistan was one of the poorest decisions that was made by the Soviet government. What factors did this event contribute to the fall of the USSR?

The Russian invasion of Afghanistan had big impact on the attitude of the developing countries …

Roosevelt’S Recession, 1937: Lasting History And Contested Policy, Jonian Rafti

Senior Projects Spring 2015

Senior Project submitted to The Division of Social Studies of Bard College.

The Determinants Of Chinese Household Saving During 1978-2012, Nan Zhi

Honors Theses, 1963-2015

This project focuses on how the household saving ratio changes from 1978-2013 in China and what factors caused the changes. Based China’s household saving rate changes from 1953-2000 by using the framework of the life-cycle hypothesis, Modigliani concluded that the rate of growth income and the demographic structure are the major determinant of the rate of private saving. This project attempts to extend Modigliani’s research using the data after 2000 and take changes of Chinese policy and additional factors into consideration. Estimates of coefficients of saving function will be obtained by using OLS method to analyze the relationship between household …

Poder Político Y Crisis De Endeudamiento En Colombia Durante Los Siglos Xix Y Xx, Juan David Castillo Rios

Economía

No abstract provided.

What Is The 'Economic Value' Of Learning English In Spain?, Molly M. Robbins

Scripps Senior Theses

This paper uses historical and economic references to evaluate the economic value of learning English in Spain. Seeing that English is the lingua franca in politics, business, and technology, it is a necessary skill for Spanish citizens to possess in order to efficiently interact in foreign relations of all kinds. Due to Franco’s harsh language policies, and Spain’s ineffective education system, Spain has lacked the same linguistic exposure to foreign languages—especially English—than the rest of Europe. By referencing the previous literature written about the relationship between language and earnings, this paper seeks to find the economic incentive for Spaniards to …

Kaldor's Late Contributions, Up Sira Nukulkit

Electronic Theses and Dissertations

Nicholas Kaldor was a famous post-Keynesian theorist who fought on Keynesian revolution in Cambridge with Keynes himself. However, during the last twenty years of his life, Kaldor became engaged with increasing returns theory originated from Adam Smith and Allyn Young. Kaldor propagated the theory even though it was not mature. There were many controversies and critiques to Kaldor's increasing returns theory. Kaldor began to write extensively about this worldview scattered throughout many of his academic papers and essays. This thesis tracks Kaldor's process of theoretical formulation during the last twenty years of his life. It presents Kaldor's view from the …

Critique And Transformation: On The Hypothetical Nature Of Ecosystem Service Value And Its Neo-Marxist, Liberal And Pragmatist Criticisms, Andony P. Melathopoulos, Alex Stoner

Journal Articles

Ecosystem service valuation (ESV) attempts to transform the opposition of human economic necessity and ecological conservation by valuing the latter in terms of the services rendered by the former. However, despite a number of ESV-inspired sustainability initiatives since the 1990s, global ecological degradation continues to accelerate. This suggests that ESV has fallen far short of its goals of sustainable social transformation—a failure which has generated considerable criticism. This paper reviews three prominent lines of ESV criticism: 1) the neo-Marxist criticism, which emphasizes the “fictitious” character of ecosystem commodities; 2) the liberal criticism through Friedrich Hayek's concept “scientistic objectivism”; and 3) …

Pushing The Limits: International Land Acquisitions In Comparative Perspective, Ariane Goetz

Theses and Dissertations (Comprehensive)

The role of investor countries in large-scale land acquisitions is poorly understood in the contemporary “land grab” literature. Orthodox explanations largely build on deductive analyses that deviate from the emerging empirical evidence, and/or face analytical difficulties when trying to capture why large-scale land acquisitions happen. This thesis investigates the global phenomenon of “land grabbing” from the comparative perspective of two major investor countries: the UK and China. The regional focus is on Sub-Saharan Africa, a major target of land-consuming investments since 2000.

The dissertation advances three arguments: Firstly, the specific details of the home country’s industrial set-up, development challenges, ideological …

Comment: Entering The "Great School Of Self-Command": The Moralizing Influence Of Markets, Language, And Imagination, Sandra J. Peart

Jepson School of Leadership Studies articles, book chapters and other publications

Economists for centuries have struggled to understand the self-other relationship and its implications for economic life. For economists in the classical tradition of Adam Smith, this was a central question regarding the wealth and flourishing of nations. Later, as this volume demonstrates, the relationship of the self to others was forgotten as economics became associated almost exclusively with the pursuit of what Peter Boettke and Daniel Smith describe as "ruthless efficiency."

In the wake of the 2008 financial crisis and a growing body of experimental and empirical evidence showing the predictive shortcomings of narrow self-interest models, a more capacious economics …

The Political Economy Of Environmental Justice: A Comparative Study Of New Delhi And Los Angeles, Ratik Asokan

CMC Senior Theses

Though mainstream environmentalism, both in the U.S. and India, was initially rooted in social justice, it has, over time, moved away from this focus. The Environmental Justice Movement consequently arose to reunite social and environmental activism. In this thesis, I trace the historical relationship between the mainstream environmentalism, the Environmental Justice Movement, and marginalized communities. After providing this general overview, I examine two case studies – in Los Angeles and New Delhi respectively – where marginalized communities have been involved in Environmental Justice activities. My analysis reveals that marginalized communities often act in an ‘environmentalist’ or ‘environmentally friendly’ manner, without …

A Gpi-Based Critique Of "The Economic Profile Of The Lower Mississippi River: An Update", Eric Zencey

College of Arts and Sciences Faculty Publications

The Genuine Progress Indicator, or GPI, is an alternative economic indicator that seeks to measure net economic welfare—the economic welfare that is gained by economic activity after the costs of producing that welfare (such as the costs of air pollution, water pollution, resource depletion, climate change, and the like) are deducted. From a GPI perspective, the economy of the Lower Mississippi River Corridor is not nearly as robust as traditional modes of economic analysis would suggest. There are clear paths to increasing GPI (and human economic wellbeing) that have implications for environmental, economic and river-management policy.

Postindustrial Societies, Brian Hoey

Brian A. Hoey, Ph.D.

The term postindustrial society presupposes categorizing society based on an economic means of classification. Its use rests on assessing the relative status of manufacturing industry as an economic sector. Significant adjustment in sectoral location and nature of employment precipitated by late-twentieth-century deindustrialization in the developed world led many social theorists and critics to predict broad changes throughout domains of everyday life. Some began to speak not only of sectoral transformation but also of an emergent ‘ postindustrial society. ’ Following earlier agrarian and industrial ‘ revolutions, ’ postindustrialism suggested yet another revolution that would again transform how societies were organized.

Development, Health And Race Differences In Fertility At The Turn Of The Twentieth Century In The U.S. South, Cheryl Elman, Andrew S. London, Robert A. Mcguire

Cheryl Elman

Mid-twentieth century demographers were puzzled to find that, between 1880 and 1910, fertility rates had dropped more precipitously among African American than U.S. white women. Since then, demographic research has focused on historical fertility differentials in the South, where most African Americans lived before 1920. Under a multiple causes model, two major sources of race differences have found some empirical support. One stresses that timing differences in voluntary fertility control, due to a high demand for child labor in tenant farming, sustained both high overall southern rural fertility rates and race differences, to about 1940. A second mechanism stresses that …

Lessons From The U.S. Great Depression And The German Hyperinflation, Lester G. Telser

Lester G Telser

Abstract. The German hyperinflation and the U.S. Great Depression have in common the effects of an insufficient amount of useful media of exchange. In Germany too much currency was printed and in the U.S. widespread bank failures undermined confidence in all demand deposits so all bank checks were regarded suspiciously. The effects were the same in both countries, very high rates of unemployment coupled with collapse of their economies. The German Hyperinflation gives evidence against the Phillips Curve. JEL E65 Study of Particular Policy Episodes

It's All In The Mail: The Economic Geography Of The German Empire, Florian Ploeckl

Florian Ploeckl