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A Theory Of Money And Financial Institutions. Part V. The Rate Of Interest On Fiat Money In A Closed Economy, Martin Shubik Apr 1972

A Theory Of Money And Financial Institutions. Part V. The Rate Of Interest On Fiat Money In A Closed Economy, Martin Shubik

Cowles Foundation Discussion Papers

In a well controlled monetary economy with no uncertainty and a money market, money is not merely a veil, it is a cocoon. There are no idle cash balances in a competitive monetary economy with a money market without uncertainty. The presence of uncertainty calls for the holding of cash. In a trading economy with perfect foresight, without taxes, but with traders having positive time discounts the rate of interest on paper money is positive. With uncertainty, fiat money is a form of insurance or generalized futures contract. The mathematical differences among static general equilibrium theory, a theory of money …


On The Irrelevance Of Corporate Financial Policy, Joseph E. Stiglitz Apr 1972

On The Irrelevance Of Corporate Financial Policy, Joseph E. Stiglitz

Cowles Foundation Discussion Papers

No abstract provided.


A Theory Of Money And Financial Institutions. Part Viii. Transactions Costs In A Market Economy, Martin Shubik Apr 1972

A Theory Of Money And Financial Institutions. Part Viii. Transactions Costs In A Market Economy, Martin Shubik

Cowles Foundation Discussion Papers

No abstract provided.


Property Institutions And Economic Development: Some Empirical Tests, Frederic L. Pryor Apr 1972

Property Institutions And Economic Development: Some Empirical Tests, Frederic L. Pryor

Economics Faculty Works

No abstract provided.


The Fur And Skin Trade Of Colonial Virginia, Shirley-Virginia Parrish Apr 1972

The Fur And Skin Trade Of Colonial Virginia, Shirley-Virginia Parrish

History Theses & Dissertations

Abstract unavailable.


Political Business Cycle, William D. Nordhaus Apr 1972

Political Business Cycle, William D. Nordhaus

Cowles Foundation Discussion Papers

No abstract provided.


Alternative Theories Of Wage Determination And Unemployment In L.D.C.’S: I. The Labor Turn-Over Model, Joseph E. Stiglitz Apr 1972

Alternative Theories Of Wage Determination And Unemployment In L.D.C.’S: I. The Labor Turn-Over Model, Joseph E. Stiglitz

Cowles Foundation Discussion Papers

No abstract provided.


Benefit-Cost Analysis And Trade Policies, Partha Dasgupta, Joseph E. Stiglitz Apr 1972

Benefit-Cost Analysis And Trade Policies, Partha Dasgupta, Joseph E. Stiglitz

Cowles Foundation Discussion Papers

No abstract provided.


Covered Employment And Wages Quarterly_April 1972, Employment Security Commission Of New Mexico Apr 1972

Covered Employment And Wages Quarterly_April 1972, Employment Security Commission Of New Mexico

Quarterly Census of Employment and Wages

The Quarterly Census of Employment and Wages (QCEW) is a comprehensive program that compiles data on employment and wages for workers covered by state unemployment insurance laws and Unemployment Compensation for Federal Employees (UCFE). It provides a virtual census of nonagricultural employees and their wages, along with data on agricultural industries. The QCEW program is a cooperative effort between the Bureau of Labor Statistics (BLS) and state employment security agencies.


Motivation And The Poor Worker, Charles Barry Pfitzner Apr 1972

Motivation And The Poor Worker, Charles Barry Pfitzner

Economics Theses & Dissertations

No abstract.


Entrepreneurship And Economic Development: A Critique Of The Theory, Rhoda E. Howard-Hassmann Mar 1972

Entrepreneurship And Economic Development: A Critique Of The Theory, Rhoda E. Howard-Hassmann

Political Science Faculty Publications

This thesis is a criticism of the "entrepreneurial school" of economic development, which contends that a major cause of underdevelopment in the Third World is the poor "entrepreneurial spirit" in these areas. The entrepreneurial spirit consists of certain values and behaviour which it is presumed existed in the West at the time of its development. To test the validity of this theory empirical evidence on entrepreneurs is examined; this evidence includes historical data on the West, especially the United States and France, and twenty-one area studies of entrepreneurs in the Third World. The evidence suggests that there is little difference …


A Perspective On Economic Impact, L. Douglas James, Donald M. Soule, William O. Thompson, John L. Fulmer, John C. Redman, Robert C. Tussey, John M. Higgins, Claude M. Vaughan, David H. Rosenbaum, Billy R. Prebble, Charles O. Dowell, John E. Sirles, Michael B. Hargrove, Clyde T. Bates, Kenneth G. Holbrook, Dennis H. Bianchi, John P. Breaden, Kenneth R. Harman Mar 1972

A Perspective On Economic Impact, L. Douglas James, Donald M. Soule, William O. Thompson, John L. Fulmer, John C. Redman, Robert C. Tussey, John M. Higgins, Claude M. Vaughan, David H. Rosenbaum, Billy R. Prebble, Charles O. Dowell, John E. Sirles, Michael B. Hargrove, Clyde T. Bates, Kenneth G. Holbrook, Dennis H. Bianchi, John P. Breaden, Kenneth R. Harman

KWRRI Research Reports

The institutions responsible for water resources management in the United States have originated as political responses to major social issues. Each agency institutionalized a procedure for structuring and comparing alternatives in the formulation of its total program. Each agency originally sought to promote effective resolution of its social issue (flood control, development of arid lands, soil erosion, etc.), but more recent efforts have sought better coordination among agency practices through a common procedure largely derived from economic theory. Any procedure, however, varies in application with the interpretation and judgment of individual planners. Today, public pressures have brought political directives requiring …


Covered Employment And Wages Quarterly_March 1972, Employment Security Commission Of New Mexico Mar 1972

Covered Employment And Wages Quarterly_March 1972, Employment Security Commission Of New Mexico

Quarterly Census of Employment and Wages

The Quarterly Census of Employment and Wages (QCEW) is a comprehensive program that compiles data on employment and wages for workers covered by state unemployment insurance laws and Unemployment Compensation for Federal Employees (UCFE). It provides a virtual census of nonagricultural employees and their wages, along with data on agricultural industries. The QCEW program is a cooperative effort between the Bureau of Labor Statistics (BLS) and state employment security agencies.


Developing Countries And The Foreign Exchange Problem, Hend El Sayed Mar 1972

Developing Countries And The Foreign Exchange Problem, Hend El Sayed

Archived Theses and Dissertations

No abstract provided.


Notes On Transactions Costs And The Analysis Of Microeconomic Theory, Ross M. Starr Mar 1972

Notes On Transactions Costs And The Analysis Of Microeconomic Theory, Ross M. Starr

Cowles Foundation Discussion Papers

No abstract provided.


An Assessment Of The Validity Of The Unemployment Variable As A Determinant Of Changes In Money Wages In Wage-Estimation Models, James L. Jennings Mar 1972

An Assessment Of The Validity Of The Unemployment Variable As A Determinant Of Changes In Money Wages In Wage-Estimation Models, James L. Jennings

Economics Theses & Dissertations

No abstract.


The Effect Of Inflation On The Distribution Of Economic Welfare, William D. Nordhaus Feb 1972

The Effect Of Inflation On The Distribution Of Economic Welfare, William D. Nordhaus

Cowles Foundation Discussion Papers

No abstract provided.


A Theory Of Money And Financial Institutions. Part Iv. Fiat Money And Noncooperative Equilibrium In A Closed Economy, Martin Shubik Feb 1972

A Theory Of Money And Financial Institutions. Part Iv. Fiat Money And Noncooperative Equilibrium In A Closed Economy, Martin Shubik

Cowles Foundation Discussion Papers

Fiat money is a type of paper or symbol with which any individual may buy most things by law. It has virtually no intrinsic value but immediately assumes a trading value when its shortage can prevent trades that would have been deemed profitable in a nonmonetary competitive equilibrium system. This paper sketches an approach to a theory of fiat money by investigating the properties of a noncooperative dynamic trading games embedded within a closed economic system. Among the conclusions are that inflation and deflation are not symmetric, and that it is not possible to define a noncooperative game involving borrowing …


A Theory Of Money And Financial Institutions. Part Vii. Money, Trust And Equilibrium Points In Games In Extensive Form, Martin Shubik Feb 1972

A Theory Of Money And Financial Institutions. Part Vii. Money, Trust And Equilibrium Points In Games In Extensive Form, Martin Shubik

Cowles Foundation Discussion Papers

No abstract provided.


A Study Of The Relationship Between Unemployment In Indiana And The United States, Jack W. Bell Feb 1972

A Study Of The Relationship Between Unemployment In Indiana And The United States, Jack W. Bell

Graduate Thesis Collection

Each state or region within the United States has certain unique and distinct characteristics that cause its economic performance to vary from that of the nation as a whole. Unemployment rates, as summary measures of unutilized manpower resources, frequently serve as a gauge of the general economic situation and social well-being. It is a well documented fact that unemployment is not evenly distributed througout the nation. For example, although 54% of the labor force is concetrated in the northeast and north central regions, they only account for 46% of the unemployment in recent years. This thesis focuses on the measurement …


A Perspective On "Money", Hyman P. Minsky Ph.D. Jan 1972

A Perspective On "Money", Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

A shorter version of this is also included.


On Models Of Commercial Fishing: The Traditional Literature Needs No Defenders, Vernon L. Smith Jan 1972

On Models Of Commercial Fishing: The Traditional Literature Needs No Defenders, Vernon L. Smith

Economics Faculty Articles and Research

Examines the models of commercial fishing. Representation of the variable K as a measure of crowding externality in the cost function; Change of the degree of fishing pressure without changing the variable K; Modification of the output of firms by varying the inputs.


Indiana State University Financial Report 1972, Indiana State University Jan 1972

Indiana State University Financial Report 1972, Indiana State University

Financial Reports

No abstract provided.


W. S. U'Ren And The Fight For Government Reform And The Single Tax: 1908-1912, David Elvin Lindstrom Jan 1972

W. S. U'Ren And The Fight For Government Reform And The Single Tax: 1908-1912, David Elvin Lindstrom

Dissertations and Theses

In the study of Oregon politics, the importance of developments in the early twentieth century have been largely overlooked by popular historians. As a result, many have lost the perspective of the sweeping reforms that reformers presented to Oregon's electorate. Another complicating factor is that voters dealing with the issues during the period had such disparaging attitudes towards some of the reforms, that no thought was given to preserving their memory for future generations. In addition, the personal papers of W. S. U'Ren, Oregon's leading reformer, are not available. This makes perspective even more difficult. Therefore, the research problem is …


Industrial Resources: Perry County - Hazard, Kentucky Library Research Collections Jan 1972

Industrial Resources: Perry County - Hazard, Kentucky Library Research Collections

Perry County

"Current Industrial Resources: Hazard, Kentucky" prepared by the Kentucky department of Commerce in cooperation with the Hazard Chamber of Commerce, 1972. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.


Industrial Resources: Owen County - Owenton, Kentucky Library Research Collections Jan 1972

Industrial Resources: Owen County - Owenton, Kentucky Library Research Collections

Owen County

"Industrial Resources: Owenton, Kentucky" prepared by the Kentucky Department of Commerce in cooperation with the Owen County Chamber of Commerce, 1972. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.


Industrial Resources: Pendleton County - Falmouth And Butler, Kentucky Library Research Collections Jan 1972

Industrial Resources: Pendleton County - Falmouth And Butler, Kentucky Library Research Collections

Pendleton County

"Industrial Resources: Falmouth and Butler, Kentucky" prepared by the Kentucky Department of Commerce in cooperation with the Pendleton County Chamber of Commerce, 1972. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.


Industrial Resources: Perry County - Hazard, Kentucky Library Research Collections Jan 1972

Industrial Resources: Perry County - Hazard, Kentucky Library Research Collections

Perry County

"Industrial Resources: Hazard, Kentucky" prepared by the Kentucky Department of Commerce in cooperation with the Hazard Chamber of Commerce, 1971. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.


Industrial Resources - Garrard County - Lancaster, Kentucky Library Research Collections Jan 1972

Industrial Resources - Garrard County - Lancaster, Kentucky Library Research Collections

Garrard County

“Industrial Resources: Lancaster, Kentucky" prepared by the Kentucky Department of Commerce and the Garrard County Chamber of Commerce,1972. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.


Industrial Resources: Mercer County - Harrodsburg, Kentucky Library Research Collections Jan 1972

Industrial Resources: Mercer County - Harrodsburg, Kentucky Library Research Collections

Mercer County

"Current Industrial Resources: Harrodsburg, Kentucky" prepared by the Kentucky Department of Commerce in cooperation with the Harrodsburg Chamber of Commerce, 1972. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.