Open Access. Powered by Scholars. Published by Universities.®

Political Economy Commons

Open Access. Powered by Scholars. Published by Universities.®

2134 Full-Text Articles 1542 Authors 568412 Downloads 140 Institutions

All Articles in Political Economy

Faceted Search

2134 full-text articles. Page 1 of 73.

The Economic Concept Of Exploitation And Economic Justice, Hee-Young Shin 2017 Wright State University

The Economic Concept Of Exploitation And Economic Justice, Hee-Young Shin

The Social Practice of Human Rights: Charting the Frontiers of Research and Advocacy

This paper explores the concept of exploitation — how it has been interpreted and used in different schools of thought in economics and what it means to abolish exploitation in our contemporary capitalist market economies.


Insecure Property Rights And The Missing Middle, Aram Grigoryan, Mattias K. Polborn 2017 University of Illinois at Urbana-Champaign

Insecure Property Rights And The Missing Middle, Aram Grigoryan, Mattias K. Polborn

Mattias K Polborn

We analyze a theoretical model in which entrepreneurs' property rights  to their firms are threatened by ``raiders'' who can challenge them to a contest for control of their firms.
Entrepreneurs are heterogeneous with respect to their productivity, and decide how much capital to invest before raiders decide whom to attack.
In equilibrium, low productivity entrepreneurs are unaffected by the existence of raiders, while mid- and high-productivity entrepreneurs suffer. However, while raiders essentially act like a tax for the highest productivity entrepreneurs, the investment behavior of mid-productivity entrepreneurs who try to avoid an attack  is more drastically affected.
Our model provides ...


The Geopolitics Of Rare Earth Elements: Emerging Challenge For U.S. National Security And Economics, Bert Chapman 2017 Purdue University

The Geopolitics Of Rare Earth Elements: Emerging Challenge For U.S. National Security And Economics, Bert Chapman

Libraries Faculty and Staff Scholarship and Research

Rare earth elements (REE) contain unique chemical and physical properties such as lanthanum, are found in small concentrations, need extensive precise processes to separate, and are critical components of modern technologies such as laser guidance systems, personal electronics such as IPhones, satellites, and military weapons systems as varied as Virginia-class fast attack submarines, DDG- 51 Aegis destroyers, the F-35 Joint Strike Fighter, and precision guided munitions. The U.S. has some rare earth resources, but is heavily dependent on access to them from countries as varied as Afghanistan, Bolivia, and China. Losing access to these resources would have significant adverse ...


Geopolitics Of Rare Earth Elements, Bert Chapman 2017 Purdue University

Geopolitics Of Rare Earth Elements, Bert Chapman

Libraries Faculty and Staff Presentations

Rare earth elements (REE) contain unique chemical physical properties such as lanthamum, are found in small concentrations, need extensive precise properties to separate, and are critical components of modern technologies such as laser guidance systems, personal electronics such as IPhones, satellites, and military weapons systems as varied as Virginia-class fast attack submarines, DDG-51 Aegis destroyers, the F-35 Joint Strike Fighter, and precision guided munitions. The U.S. has some rare earth resources, but is heavily dependent on access to them from countries as varied as Afghanistan, Bolivia, and China. Losing access to these resources would have significant adverse economic, military ...


Protecting The Viability Of The Small Donor In Modern Elections, Ben Miller 2017 Fried Frank, Harris, Shriver & Jacobson LLP

Protecting The Viability Of The Small Donor In Modern Elections, Ben Miller

Arkansas Law Review

Campaign finance reform stands as one of the most important issues in today’s modern elections. From national to municipal contests, the influx of large donations places wealthy individuals—and interests—at odds with the average voter. Over the years, volumes of academic and legislative reforms have been proposed that encompass a wide range of electoral subject matter. From Citizens United to Federal Elections Commission (FEC) control mechanisms, solutions on how to change our campaign finance regulatory regime cover a large and diverse area of law and policy. However, the central theme throughout these reforms is maximizing transparency and curbing ...


The Punishment Marketplace: Competing For Capitalized Power In Locally Controlled Immigration Enforcement, Daniel L. Stageman 2017 CUNY John Jay College

The Punishment Marketplace: Competing For Capitalized Power In Locally Controlled Immigration Enforcement, Daniel L. Stageman

Publications and Research

Neoliberal economics play a significant role in US social organization, imposing market logics on public services and driving the cultural valorization of free market ideology. The neoliberal ‘project of inequality’ is upheld by an authoritarian system of punishment built around the social control of the underclass—among them unauthorized immigrants. This work lays out the theory of the punishment marketplace: a conceptualization of how US systems of punishment both enable the neoliberal project of inequality, and are themselves subject to market colonization. The theory describes the rescaling of federal authority to local centers of political power. Criminal justice policy activism ...


Progressive Antitrust, Herbert J. Hovenkamp 2017 University of Pennsylvania Law School

Progressive Antitrust, Herbert J. Hovenkamp

Faculty Scholarship

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 ...


Antitrust Policy And Inequality Of Wealth, Herbert J. Hovenkamp 2017 University of Pennsylvania Law School

Antitrust Policy And Inequality Of Wealth, Herbert J. Hovenkamp

Faculty Scholarship

Why would anyone want to use antitrust law as a wealth distribution device when far more explicit statutory tools are available for that purpose? One feature of antitrust is its open-textured, nonspecific statutes that are interpreted by judges. As a result, using antitrust to redistribute wealth may be a way of invoking the judicial process without having to go to Congress or a state legislature that is likely to be unsympathetic. Of course, a corollary is that someone attempting to use antitrust law to redistribute wealth will have to rely on the existing antitrust statutes rather than obtaining a new ...


Demand Driven Growth And Two Class Capital Distribution With Applications To The United States, Rishabh Kumar, Christian Schoder, Siavash Radpour 2017 New School for Social Research

Demand Driven Growth And Two Class Capital Distribution With Applications To The United States, Rishabh Kumar, Christian Schoder, Siavash Radpour

Economics Faculty Publications

We present a structuralist growth and distribution model of capitalists and workers. Our model highlights the role of class-differentiated savings propensities as well as an independent accumulation function in determining the dynamics of wealth distribution in the long run. At the steady state, investment parameters do not influence the distribution of wealth but there exists a long run paradox of thrift effect, which distributes wealth to capital- ists whilst simultaneously exerting downward pressure on the long run state of aggregate demand. Applied to annual US data from 1950-2015 using the Metropolis-Hastings algorithm we find that the share of capitalist wealth ...


Nebraska Monthly Economic Indicators: September 20, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Monthly Economic Indicators: September 20, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 fell by 0.38% during August of 2017. The decline in the LEI-N, which is designed to predict economic activity six months into the future, suggests that the Nebraska economy will grow slowly during the first few months of 2018. The drop in the indicator was primarily due to a decline in manufacturing hours-worked during August. Building permits for single-family homes and airline passenger enplanements also dropped slightly. There were two positive components of the LEI-N. Businesses responding to the August Survey of Nebraska Business reported plans to increase sales and employment over ...


Unequal Exchange In Global Trade: Theoretical And Empirical Issues, Andrea Ricci 2017 Università degli Studi di Urbino

Unequal Exchange In Global Trade: Theoretical And Empirical Issues, Andrea Ricci

Andrea Ricci

Presentation at the Eighth IIPPE Annual Conference in Political Economy.
Berlin School of Economics and Law.
Berlin. September 13, 2017


Before International Tax Reform, We Need To Understand Why Firms Invert, Michael S. Knoll 2017 University of Pennsylvania Law School

Before International Tax Reform, We Need To Understand Why Firms Invert, Michael S. Knoll

Faculty Scholarship

A wave of corporate inversions by U.S. firms over the past two decades has generated substantial debate in academic, business, and policy circles.

The core of the debate hinges on a couple of key economic questions: Do U.S. tax laws disadvantage U.S.-domiciled companies relative to their foreign competitors? And, if so, do inversions improve the competitiveness of U.S. multinational firms both abroad and at home?

There is unfortunately little, if any, empirical work directly determining whether U.S.-based MNCs are currently tax-disadvantaged compared to their foreign rivals, or measuring the amount by which (if ...


The New American Slavery: Capitalism And The Ghettoization Of American Prisons As A Profitable Corporate Business, David A. Liburd 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 ...


Nebraska Business And Consumer Confidence Indexes: September 1, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Business And Consumer Confidence Indexes: September 1, 2017, Eric Thompson

Leading Economic Indicator Reports

Nebraska’s consumer and business confidence fell during August. The Consumer Confidence Index – Nebraska (CCI-N) stood at 100.9 in August, below the reading of 102.5 from July. Notably, the CCI-N remained above the neutral value of 100.0 during August. The outlook of Nebraska businesses remained strong. The Business Confidence Index – Nebraska (BCI-N) stood at 104.2 in August, close to the value of 105.1 during July, and well above the neutral value of 100.0. When asked about the most important issue facing their business, customer demand was mentioned by 35 percent of business respondents. Businesses ...


Cross-Border Banking In The Euro Area Crisis: Implications For Commercial Mortgage Lending, Jaime Luque, Antonio Mello 2017 University of Wisconsin - Madison

Cross-Border Banking In The Euro Area Crisis: Implications For Commercial Mortgage Lending, Jaime Luque, Antonio Mello

Jaime Luque

We analyze EU banks’ rebalancing of commercial real estate loans during the Euro Area debt crisis of 2010-2013, in terms of flight-to-safety, flight-home and risky-lending, using banks’ stress test data conducted by the European Banking Authority.


Equilibrium In Fx Swap Markets: Funding Pressures And The Cross-Currency Basis, Jean-Marc Bottazzi, Jaime Luque, Mario Pascoa 2017 University of Wisconsin-Madison

Equilibrium In Fx Swap Markets: Funding Pressures And The Cross-Currency Basis, Jean-Marc Bottazzi, Jaime Luque, Mario Pascoa

Jaime Luque

    Departure from Covered Interest Parity (CIP), known as the cross currency basis, is not just a staple of crises: it can build up slowly and persist. Some bases exacerbated in 2008 and have not gone away since then. To understand this new normality, we turn the CIP logic on its head. We look at the Foreign Exchange (FX) swap market as the very market where scarce funding capacities are exchanged; the basis becomes an equilibrium outcome that compensates one of the parties for the temporary loss in the possession of one the currencies. Ultimately, the counterparty's funding pressure in ...


Do Weapons Make Warfare? An Instrumental Variables Approach Towards Investigating The Relationship Between Small Arms Abundance, Civil Conflict Onset, And Civil Conflict Intensity, Gabriel S. Barrett 2017 Macalester College

Do Weapons Make Warfare? An Instrumental Variables Approach Towards Investigating The Relationship Between Small Arms Abundance, Civil Conflict Onset, And Civil Conflict Intensity, Gabriel S. Barrett

Political Science Honors Projects

Scholars, journalists, and policymakers frequently attribute the intensity and onset of civil conflict to the abundance of small arms. However, the direction of causality has been difficult to assess due to a lack of data on the illicit small arms market and the plausibly endogenous relationship between the abundance of weapons and civil conflict. Using a new dataset of estimated small arms prices, I determine that a decrease in the price of small arms is significantly and negatively correlated with an increase in the intensity of conflict in the following year. I also determine that small arms prices increase in ...


Nebraska Monthly Economic Indicators: August 23, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Monthly Economic Indicators: August 23, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 0.56% during July of 2017. The increase in the LEI-N, which is designed to predict economic activity six months into the future, suggests that the Nebraska economy will grow through the first month of 2018. Four components of the indicator improved during July. Business expectations were solid and manufacturing hours grew. The value of the U.S. dollar continued its recent decline, a positive sign for Nebraska’s export-oriented businesses. Further, in a positive sign for the labor market, there also was a drop in initial claims for unemployment insurance ...


Decentralization Without Democracy, Katrina Kosec, Tewodaj Mogues 2017 International Food Policy Research Institute

Decentralization Without Democracy, Katrina Kosec, Tewodaj Mogues

Katrina Kosec

Decentralization has been predominantly studied in democracies. We present a theory of decentralization's effects on public goods provision under autocracy yielding novel predictions. Decentralization improves productive services that  directly raise citizen's incomes (which are taxed), but not social services that increase incomes less but contribute to other dimensions of well-being. The center incentivizes local policymakers by sharing tax revenue. However, social services do not deteriorate; productive services improvements are instead financed with efficiency improvements from having more knowledgeable policymakers making decisions. We test the model in Ethiopia, exploiting a natural experiment in which government implemented fiscal and administrative ...


Political Competition And Rural Welfare: Evidence From Pakistan, Katrina Kosec, David J. Spielman, Hamza Haider, Fatima Zaidi 2017 IFPRI

Political Competition And Rural Welfare: Evidence From Pakistan, Katrina Kosec, David J. Spielman, Hamza Haider, Fatima Zaidi

Katrina Kosec

Can stronger political competition improve rural livelihoods in developing countries? We explore this question in Pakistan, showing that less political concentration in a Provincial Assembly constituency predicts significantly better access to publicly-provided infrastructure and amenities, but no changes in other public goods including perceived access to justice and security. Nonetheless, overall welfare effects appear to be positive: lower political concentration predicts higher expenditures per capita, especially among land--poor households. It also predicts predict higher land values, greater land wealth, and lower land wealth inequality. Further, less political concentration is associated with more land rental, which may benefit the land--poor. These ...


Digital Commons powered by bepress