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The Intergenerational Invisible Hand: A Comment On Sartorius's "Government Regulation And Intergenerational Justice", Arthur M. Diamond Jr.

Economics Faculty Publications

In "Government Regulation and Intergenerational Justice," Rolf Sartorius argues that some government regulation is justified in order to protect the rights of the unborn.' More than half of his paper is a discussion of the theory that views the only justifiable function of government as the "umpirage of the law of nature." In the remainder of his paper, he argues for an extension of the theory in order to justify regulation as well as umpirage. In particular, he argues that protecting the rights of the unborn represents an especially strong case where government regulation is justified.

Vol. 10 No. 3 (1987): Pacific Studies Front Matter, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Pacific Studies is published two times a year by The Jonathan Nāpela Center for Hawaiian and Pacific Studies, Brigham Young University Hawai‘i #1979, 55–220 Kulanui Street, Lāʻie, Hawai‘i 96762, but responsibility for opinions expressed in the articles rests with the authors alone. Subscription rate is US$40.00 yearly, payable to The Jonathan Nāpela Center for Hawaiian and Pacific Studies. The Jonathan Nāpela Center for Hawaiian and Pacific Studies (formerly The Pacific Institute) is an organization funded by Brigham Young University Hawai‘i. The Center assists the University in meeting its cultural and educational goals by undertaking a program of teaching, research, and …

Vol. 10 No. 3 (1987): Pacific Studies Full Issue, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Pacific Studies is published two times a year by The Jonathan Nāpela Center for Hawaiian and Pacific Studies, Brigham Young University Hawai‘i #1979, 55–220 Kulanui Street, Lāʻie, Hawai‘i 96762, but responsibility for opinions expressed in the articles rests with the authors alone. Subscription rate is US$40.00 yearly, payable to The Jonathan Nāpela Center for Hawaiian and Pacific Studies. The Jonathan Nāpela Center for Hawaiian and Pacific Studies (formerly The Pacific Institute) is an organization funded by Brigham Young University Hawai‘i. The Center assists the University in meeting its cultural and educational goals by undertaking a program of teaching, research, and …

Joint Venture Rice Production In The Solomon Islands: The Inner Workings Of Dependent Development, Sonia P. Juvik

Pacific Studies

No abstract provided.

A Reexamination Of The Effect Of Rapid Military Spending On Inflation, Farrokh Nourzad

Economics Faculty Research and Publications

The hypothesis that rapid defense buildups contribute to inflation recently has been rejected by Donald F. Vitaliano. In this paper, it is argued that this result is misleading, given that it is obtained under the implausible assumption of constancy of the expected real rate of interest. The hypothesis is reexamined using a well-known measure of the expected inflation rate, and it is found that growth of defense spending has a statistically significant positive effect on the rate of price inflation.

Monetary Aggregates As A Target Variable: A Comment, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.

Book Review Of Legal Problems Of International Economic Relations, International Trade And Investment, & International Business Transactions, Mark Weston Janis

Journal of Legal Education

No abstract provided.

Management And Organizational Effectiveness Examined : Past Practices And Theories Versus The Future, Ronald J. Boyer

Theses

The primary objective for this thesis is to collect and analyze data on how a new model for business organizations might best be formulated. There seems to be a consensus among authorities in the field that because modern business practices are so complex, indeed they have been revolutionized in many areas in the past decade. New organizational techniques must be devised if organizations are to remain as effective and as efficient as in the previous area. Some have claimed that the present structural model has reached the point of no return-that is, no longer functional because of such factors as …

Empirical Study On Employee's Ownership, Anthony Chuks Ibida

Theses

Employees Ownership in the United States has been in existence for many years and it seemed to be a utopian idea of no real consequence to the general public. Now employee ownership has gone a drastic change and it has become a major focus of media attention, and we are observing an extra ordinarily rapid increase in interest and involvement among practitioners in law, banking, and organizational consulting, along with growing government interest.

As the name indicates employees ownership or worker cooperative firms have a long but spotty history in the United States. Some researchers traced over eight hundred firms …

The New York Free Banking Era: Deregulation Or Reregulation?, Andrew J. Economopoulos

Business and Economics Faculty Publications

The deregulation of the banking market is a frequently debated policy issue. Proponents of deregulation claim that free market forces would improve market efficiency. The basis for their argument is grounded in the work and tenets of Adam Smith. Deregulation opponents claim that a bank market left unfettered would disrupt the financial market; bank mismanagement, failures, and panics would pervade the market and cause distrust of the banking system . Opponents of deregulation derive their beliefs from actual historical experiences rather than theory . Many opponents point to a period of American banking history, called the Free Banking Era (1838-1863), …

A Proposal To Eliminate Welfare, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

One of the ongoing columns “The Economy from the Not-so Ivory Tower.”

The End Of The Reagan Era, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

One of the ongoing columns “The Economy from the Not-so Ivory Tower.”

Vol. 10 No. 2 (1987): Pacific Studies Front Matter, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Pacific Studies is published two times a year by The Jonathan Nāpela Center for Hawaiian and Pacific Studies, Brigham Young University Hawai‘i #1979, 55–220 Kulanui Street, Lāʻie, Hawai‘i 96762, but responsibility for opinions expressed in the articles rests with the authors alone. Subscription rate is US$40.00 yearly, payable to The Jonathan Nāpela Center for Hawaiian and Pacific Studies. The Jonathan Nāpela Center for Hawaiian and Pacific Studies (formerly The Pacific Institute) is an organization funded by Brigham Young University Hawai‘i. The Center assists the University in meeting its cultural and educational goals by undertaking a program of teaching, research, and …

Economic Relations Between Asean And Australia, Mohamed Ariff, Ross Garnaut, Hal Hill, Eng Fong Pang

Research Collection Lee Kong Chian School Of Business

Economic relations between the countries of ASEAN and Australia have developed rapidly in the past 25 years. All countries in the region share a powerful interest in the maintenance of a liberal international trading environment. There is also confineable scope for an expanded. mutually beneficial bilateral relationship if a range of barriers to commercial contact are removed. Public policy reforms, on a non-discriminatory basis are the key to such a relationship.

A Note On Sargan Densities, Yiu Kuen Tse

Research Collection School Of Economics

This note reexamines the general class of Sargan densities analyzed by Goldfeld and Quandt (1981), Kafei and Schmidt (1985), and others in the context of approximating normal densities in certain econometric models. It suggests a third-order Sargan density which complies with the Goldfeld and Quandt criteria, is unimodal, and is the best approximation to the normal for orders less than or equal to 3. Some errors in Goldfeld and Quandt paper are corrected.

Is Reagan Coolidge Or Hoover, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

One of the ongoing columns “The Economy from the Not-so Ivory Tower.”

Tying Requirements In Markets With Many Sellers: The Contact Lens Industry, Deborah Haas-Wilson

Economics: Faculty Publications

The asymmetric information characterizing markets for professional services has been used to justify tying requirements and other restrictions on the business practices of professionals. In this paper the prices and quality effects of state restrictions that prohibit the fitting of contact lenses by independent opticians and thereby tie the sale of contact lenses to the services of ophthalmologists and optometrists are estimated. The results suggest that prices are significantly higher in markets with tying requirements, controlling for differences in quality and variations in other state commercial practice restrictions. The tying requirements and the commercial practice restrictions, however, appear to have …

Today's Challenges To Economic Freedom, Murray L. Weidenbaum

Murray Weidenbaum Publications

Murray Weidenbaum shows the benefits of having a free enterprise system.

Alternatives To Lay Off, Davidson Nwaneri Okere

Theses

In the recent years, there have been some changes in the American corporate life. These changes have been occasioned by some external factors which adversely affect the profitability of the companies. In order to address this problem, many corporations have resorted to cutbacks which more often than not, affect a great bulk of the human resources.

The purpose of this study therefore, is to explore the strategies which companies could use, rather than lay off, during business downturns; and still remain competitive and profitable.

Chapter one of this study focuses on what companies should do to help the affected workers …

Regional Variations In The Utilization Of Labor: Analysis Of Employment-Population Ratios For Selected Years, 1970-1984, A. Maureen O'Brien

Journal of the Minnesota Academy of Science

Consideration of the movement of jobs and people can highlight regional variations in economic performance. The employment-population ratio reflects these movements and measures the success of the economy at providing jobs. To investigate the uneven inter- and intraregional distribution of the effects of recession and recovery, this study compares employment-population ratios in the major regions of the nation, the state of Minnesota, and northeastern Minnesota with national trends. The results indicate that, relative to developments in the nation and the state, the recent recession of 1980-1982 was more severe and the recovery has been slower m northeastern Minnesota. The ability …

A Profile Of The Minnesota Angler, Wayne A. Jesswein, James A. Skurla, Patricia Q. Dalton, Michael C. Larson

Journal of the Minnesota Academy of Science

As part of an assessment of the bait leech industry and its market potential, a survey of 5,000 Minnesota anglers was conducted in the spring of 1985. Although the survey instrument was designed to derive information about the bait leech (Nephelopsis obscura) and its use, it also included questions about angler characteristics, preferences, and fishing activities for the 1984 fishing season. Responses to these questions produced a profile of the Minnesota angler. Our survey results show that the typical Minnesota angler is male, middle-aged, has a relatively high household income, and has fished for many years. He fishes from a …

Investment Opportunities In U.S. Biotechnology Companies-High Upside Rewards Hand-In-Hand With Equally Great Downside Risk, Edward L. Mutsch

Journal of the Minnesota Academy of Science

No abstract provided.

New Deal Brought Economic Success, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

One of the ongoing columns “The Economy from the Not-so Ivory Tower.”

Measuring Market Power As Competition Over Time, Michael L. Marlow, George E. Wright

Economics

This paper suggests that the empirical measurement of market structure, particularly the reliance on concentration indexes as an indicator of noncompetitive market power, does not adequately reflect recent advances in theory. This paper integrates the literature of the interaction between market structure and firm behavior with dynamic measures of structure. Our estimation for the savings and loan industry suggests that continued application of traditional static measures in market structure-performance studies are apt to be misleading. We call for more investigation into measures of dynamic structure.

Organized Labor At The Crossroads 1987-88, Department Of Economics

Werner Sichel Lecture Series

"Organized Labor at the Crossroads" is the twenty-fourth Annual Public Lecture Series organized by the Department of Economics at Western Michigan University. This year's series is directed by Dr. WeiChiao Huang of the WMU Economics Department, and is co-sponsored by the W.E. Upjohn Institute for Employment Research . All lectures are open to the public and no admission is charged. A question and answer session will follow each lecture.

An Economic Analysis Of Factor Usage And Workplace Regulation: Comment, Yeung-Nan Shieh, D. Olson

Faculty Publications

No abstract provided.

Expenditures And Receipts: Testing For Causality In State And Local Government Finances, Michael L. Marlow, Neela Manage

Economics

No Abstract

Export Instability, Investment And Economic Growth In Developing Countries, David Lim

Support & Other Units (THEi)

Export instability is often seen to be detrimental to the economic growth of those developing countries which have a large export sector and which depend on a few primary products for this export. One of the arguments against export instability is that it produces instability in government revenue which leads to instability in government expenditure. This instability in government expenditure is then seen to affect economic growth adversely in two ways...

Ability Of The Imf-Cff To Stabilize Export Earnings, David Lim

Support & Other Units (THEi)

Finger and Dceosa (1980)1 have shown that the International Monetary Fund's Compensatory Financing Facility (IMF-CFF) did not succeed in reducing the export earnings instability of 71 participating countries over the period 1963-1977. In fact, the IMF-CFF increased, rather than decreased, the export instability of 35 of the 62 participating developing countries, and of 5 of the 9 participating developed countries. Finger and Derosa identified four features of the IMF-CFF which could have reduced its effectiveness in stabilizing export earnings...

A Second Chance: Meeting The Needs Of Adult Learners, Elizabeth F. Fideler

New England Journal of Public Policy

Changing demographics and economic factors are focusing national attention on adult learning as a major resource for solving many of the nation 's social and economic dilemmas. However, adult learners, the poor especially, face obstacles to educational advancement even where tuition is waived or incentive grants are given. Despite the considerable recent growth of adult education, the vast number of those who need it the most are not as yet participating. This article examines adult-education practices and participation in general — in the areas of literacy, occupational education, and higher learning — and conditions in Massachusetts in particular. It explains …