Essays On Inequality And Macroeconomic Stability, 2017 The Graduate Center, City University of New York
Essays On Inequality And Macroeconomic Stability, Thomas Hauner
All Graduate Works by Year: Dissertations, Theses, and Capstone Projects
This dissertation consists of three chapters. . .
Chapter 1: Aggregate Wealth and Its Distribution as Determinants of Financial Crises: Panel Evidence This essay investigates the relationship between wealth inequality and financial crises across a panel of nine advanced economies over the past 100 years. While substantiation of a role for income inequality is ambiguous in the literature, evidence is presented suggesting a unique capacity for the accumulation of assets to increase the likelihood of a future financial crisis episode. Testing long-run panel data with a reduced form, two-way fixed effects model, estimates suggest that increasing wealth inequality, in an economy with ...
Privately Issued Money In The Us, 2017 Colgate University
Privately Issued Money In The Us, Matthew Jaremski
Economics Faculty Working Papers
In recent years, there has been a revival of privately issued money. Due to the general lack of successful or even widely circulating private currency, it can be challenging to get a clear view of its efficiency using modern data. The U.S. historical period, however, offers a unique environment to examine the topic as private bank money made up a sizable portion of the money supply. Moreover, the period presents a wide range of regulation, including spans with and without the presence of a central bank or monetary authority. This chapter begins by highlighting the general history of privately ...
The New American Slavery: Capitalism And The Ghettoization Of American Prisons As A Profitable Corporate Business, 2017 The Graduate Center, City University of New York
The New American Slavery: Capitalism And The Ghettoization Of American Prisons As A Profitable Corporate Business, David A. Liburd
All Graduate Works by Year: Dissertations, Theses, and Capstone Projects
The labor of enslaved Africans and Black Americans played a large part in the history of colonial America, with the American plantation being the epicenter for all that was to be produced. While the two have never been completely tied together, capitalism and modern day slavery have been linked with one another. Some analysis sees slavery as a remote form of capitalism, a substitute, to an antiquated form of labor in the modern world.
Slave plantations adopted a new concentration in size and management, referred to by W.E. DuBois as a change "from a family institution to an industrial ...
The Bracero Program In The Arkansas Delta: The Power Held By Planter Elite, 2017 University of Arkansas, Fayetteville
The Bracero Program In The Arkansas Delta: The Power Held By Planter Elite, William Chase Whittington
Theses and Dissertations
This paper examines the Bracero Program and its implementation from the start of World War II to the end of the program in 1964. Farmers and planters in America needed a sufficient labor supply once the war started, and Mexico became the main supplier. The Bracero Program was initiated as a war effort and meant to only last until the end of the war, but the planter elite had far different intentions once they realized how productive and inexpensive the program could be. This paper identifies the leading causes for how the Bracero Program was able to last over twenty ...
Experimental Economics, 2017 Iowa State University
Experimental Economics, Elizabeth Hoffman
"Experimental economics" is a general term for the experimental laboratory approach to studying economic institutions. Most applied economists study economic institutions by observing the way in which they operate in the naturally occurring environment and by measuring such economic variables as the prices of good sand services, the quantities of goods and services that are bought and sold, the wages that are paid to workers, and the quantities of inputs and outputs in the production of goods and services.
Estimating The Value Of Guaranteed Rail Service, 2017 Iowa State University
Estimating The Value Of Guaranteed Rail Service, Gregory R. Pautsch, Bruce A. Babcock, C. Phillip Baumel
The purpose of this research is to develop a framework to estimate the value of guaranteed rail service to grain shippers. The analysis consists of estimating density functions for the days waiting for conventional tariff service. A shipper loss function for waiting for rail service was also estimated. Three qualitative results were established. First, the value of guaranteed rail service increases as the quality of guaranteed service rises. Second, the value of guaranteed rail service increases as conventional tariff service becomes less reliable. Finally, when grain is stored on the ground, the value of guaranteed rail service increases.
Factors Impacting Production And Economic Variability In Traditional Midwest Swine Enterprises, 2017 Iowa State University
Factors Impacting Production And Economic Variability In Traditional Midwest Swine Enterprises, John D. Lawrence, John Shaffer, Arne Hallam, Thomas J. Baas
Traditional swine enterprises report competitive cost of production for the “top one-third”herds.Further analysis shows that individual herds are seldom in the most profitable group every year, and nearly all farms have an occasional good year.While long-run differences exist in cost of production across farms, the wide variability from year to year in efficiency, costs, and returns provides a greater challenge to existing swine enterprises.
The Rule Of Reason, 2017 University of Pennsylvania Law School
The Rule Of Reason, Herbert J. Hovenkamp
Antitrust’s rule of reason was born out of a thirty year (1897-1927) division among Supreme Court Justices about the proper way to assess multi-firm restraints on competition. By the late 1920s the basic contours of the rule for restraints among competitors was roughly established. Antitrust policy toward vertical restraints remained much more unstable, however, largely because their effects were so poorly understood.
This article provides a litigation field guide for antitrust claims under the rule of reason – or more precisely, for situations when application of the rule of reason is likely. At the time pleadings are drafted and even ...
Progressive Antitrust, 2017 University of Pennsylvania Law School
Progressive Antitrust, Herbert J. Hovenkamp
Several American political candidates and administrations have both run and served under the “progressive” banner for more than a century, right through the 2016 election season. For the most part these have pursued interventionist antitrust policies, reflecting a belief that markets are fragile and in need of repair, that certain interest groups require greater protection, or in some cases that antitrust policy is an extended arm of regulation. This paper argues that most of this progressive antitrust policy was misconceived, including that reflected in the 2016 antitrust plank of the Democratic Party. The progressive state is best served by a ...
The Progressives: Racism And Public Law, 2017 University of Pennsylvania Law School
The Progressives: Racism And Public Law, Herbert J. Hovenkamp
American Progressivism inaugurated the beginning of the end of American scientific racism. Its critics have been vocal, however. Progressives have been charged with promotion of eugenics, and thus with mainstreaming practices such as compulsory housing segregation, sterilization of those deemed unfit, and exclusion of immigrants on racial grounds. But if the Progressives were such racists, why is it that since the 1930s Afro-Americans and other people of color have consistently supported self-proclaimed progressive political candidates, and typically by very wide margins?
When examining the Progressives on race, it is critical to distinguish the views that they inherited from those that ...
Earth M. M. White Collection Container List, 2017 University of North Florida
Earth M. M. White Collection Container List, Thomas G. Carpenter Library Special Collections And University Archives
Finding Aids and Container Lists
Personal correspondence, documents, notes, memorabilia, printed materials and photographs. Notable materials include numerous photographs chronicling twentieth century black history in Jacksonville and historical photographs of urban Jacksonville. Included in the collection are the photographs of R. Lee Thomas, a black photographer active in the early twentieth century in the southern United States. Thomas' work covers primarily southern black religious and labor groups, circa 1946-49.
Using A Farmer's Beta For Improved Estimation Of Expected Yields, 2017 Iowa State University
Using A Farmer's Beta For Improved Estimation Of Expected Yields, Miguel A. Carriquiry, Bruce Babcock, Chad E. Hart
Effects of sampling error in estimation of farmers' mean yields for crop insurance purposes and their implications for actuarial soundness are explored using farm- level corn yield data in Iowa. Results indicate that sampling error, combined with nonlinearities in the indemnity function, leads to empirically estimated insurance rates that exceed actuarially fair values. The difference depends on the coverage level, the number of observations used, and the participation strategy followed by farmers. A new estimator for mean yields based on the decomposition of farm yields into systemic and idiosyncratic components is proposed, which could lead to improved rate-making and reduce ...
The Price Revolution In The Ottoman Context: Economic Upheaval In The Sixteenth Century, 2017 James Madison University
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.
Everybody Wants To Belong: Comparing The Relative Impact Of Social Capital On Happiness At An International Level, Elana Lambert
Lawrence University Honors Projects
Subjective well-being has become increasingly more important as a guide for policy and welfare. This paper uses data from the World Bank Indicators and the World Values Survey to look at the intricate relationship between subjective well-being data, social capital, and the relative nature of human happiness. Subjective well-being data has recently become widely accepted in economics research and analyzed using econometric methods. In this study, I look at specific aspects of social capital across countries to easily compare individuals within countries with a standardized scale. I look at economic determinants and social capital determinants and their impact on happiness ...
Caught In The Headlights: Revising The Road Kill Hypothesis Of Antebellum Illinois Bank Failures, Scott N. Clayman, Scott Deacle, Andrew J. Economopoulos
Business and Economics Faculty Publications
Illinois had a dismal free banking experience, with over 80% of its free banks failing by the start of the Civil War. Researchers agree that a dramatic change in bond prices was the catalyst, and some have shown that the riskiest banks, ex ante, were the most likely to fail. This study examines how Illinois free banks adjusted their portfolios in the face of increased political and financial risks prior to Abraham Lincoln’s election as president. Lincoln’s nomination in May 1860 and the Democratic Party schism in June 1860 raised the likelihood of secession and the potential for ...
Broken Glass: The Decline Of Corporate Paternalism And Welfare Capitalism, A Critical Analysis Of One Company’S Systematic Socio-Economic Metamorphosis, Doug Bruno
No abstract provided.
Blade Runner And The Divine Menace, 2017 James Madison University
Blade Runner And The Divine Menace, Alexander W. Pickens
MAD-RUSH Undergraduate Research Conference
Following the decline of Christianity in mainstream Western culture, a void rose in the moral and societal code. Those writers that emerged presented alternate visions that worked their way into the literature of the 20th century. Karl Marx's interpretation of the structure of labor in capitalism presented a new societal hierarchy whose finer points have been worked out in the complex film Blade Runner. This dystopian nightmare, in which a Marxist interpretation of current society bogged down by the ennui of capitalist accumulation is confronted, describes a new religious order based upon this economic theory. Central to this reimagining ...
Trends In U.S. Tea Imports: 1991-2015, 2017 Western Michigan University
Trends In U.S. Tea Imports: 1991-2015, Evan Kennedy
Tea is the second most popular beverage in the world, and over the past two decades it has experienced a newfound popularity in the United States. Over this time period, ready-to-drink and loose-leaf tea has increased in popularity, whereas tea bags and instant tea declined in popularity. Since the United States produces almost no tea itself, an increase in consumption requires increased imports. Therefore, this paper examines U.S. import trends as a means to begin an examination of consumption. Ten countries (Argentina, Canada, China, Germany, India, Japan, Kenya, Sri Lanka, the United Kingdom, and Vietnam) provide approximately 80% of ...
The L. & H. Huning Mercantile Company: A Case Study Of Mercantile Conquest In The Rio Abajo Region Of New Mexico, 1848-1880, 2017 University of New Mexico
The L. & H. Huning Mercantile Company: A Case Study Of Mercantile Conquest In The Rio Abajo Region Of New Mexico, 1848-1880, Ricardo S. Gonzales
This master’s thesis is a case study of the L. & H. Huning Mercantile Company, a mercantile partnership in New Mexico during the territorial period. Louis and Henry Huning, a pair of brothers who immigrated to New Mexico from Germany in 1859, established wholesale and retail enterprises in the Arizona and New Mexico territories. Their main storehouse was founded in Los Lunas, New Mexico, in 1871 following the departure of Erhardt Franz to St. Louis.
L. & H. Huning became a successful merchandising business in the Rio Abajo by establishing a mercantile monopoly in Los Lunas. The introduction of free-market exchanges ...
Selecting An Alternative National Banking System Against Fractional Reserve Free Banking: The Greatest Modern Fraud?, Josiah J. Bardy
Senior Honors Theses
This paper serves as a compilation and analysis of different banking systems with an emphasis on fractional reserve free banking. Contemporary academic literature has debated fractional reserve banking with revisited scrutiny since the 2007–2009 financial crisis. The Austrian School, drawing conclusions from the Austrian business cycle theory, blames central banking for boom-bust economics. One proposed solution, fractional reserve free banking, eliminates the central bank’s control for a purer form of fractional reserve practice; however, this system may be inherently fraudulent and unethical. After completing an economic analysis of the western world’s banking system, this paper then explores ...