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Full-Text Articles in Macroeconomics

Public Actors In Private Markets: Toward A Developmental Finance State, Robert Hockett, Saule Omarova Jun 2015

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 …


Black Tuesday And Graying The Legitimacy Line For Governmental Intervention: When Tomorrow Is Just A Future Yesterday, Donald J. Kochan Dec 2009

Black Tuesday And Graying The Legitimacy Line For Governmental Intervention: When Tomorrow Is Just A Future Yesterday, Donald J. Kochan

Donald J. Kochan

Black Tuesday in October 1929 marked a major crisis in American history. As we face current economic woes, it is appropriate to recall not only the event but also reflect on how it altered the legal landscape and the change it precipitated in the acceptance of governmental intervention into the marketplace. Perceived or real crises can cause us to dance between free markets and regulatory power. Much like the events of 1929, current financial concerns have led to new, unprecedented governmental intervention into the private sector. This Article seeks caution, on the basis of history, arguing that fear and crisis …


Globalization & Nationalism: A Recipe For Terror, Cari Bourette, Daniel Reader Mar 2006

Globalization & Nationalism: A Recipe For Terror, Cari Bourette, Daniel Reader

Cari Bourette

Nationalism appears to be part of the human condition; it may well be related to the human tendency toward tribalism. Whatever the case, nationalism appears to be a permanent feature on the global landscape. Globalization, while not a new phenomenon by any means, seems to be having a tremendous dilutory effect on the sovereignty of states; it now appears to be carrying the assault to the cultural frontiers of nationalism. Unlike the Westphalian constructs, however, nations will not so easily succumb. There is a greater inherent resistance to change in nations; the only historically effective method has been outright eradication …


Model Polityki Rozwoju Regionalnego A Konkurencyjność Województw Na Przykładzie Województwa Małopolskiego, Dariusz Woźniak Jan 2005

Model Polityki Rozwoju Regionalnego A Konkurencyjność Województw Na Przykładzie Województwa Małopolskiego, Dariusz Woźniak

Dariusz Woźniak

An abstract of unpublished (avalaible only in printed form) ph.d. thesis, which was directed to evaluation of regional policy in Poland, in years 2001-2003. In abstract the main findings from the dissertation were placed.