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

History Commons

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

Economic Theory

Institution
Keyword
Publication Year
Publication
Publication Type

Articles 1 - 30 of 50

Full-Text Articles in History

Endogenous Political Legitimacy: The Tudor Roots Of England’S Constitutional Governance, Avner Greif, Jared Rubin Jun 2023

Endogenous Political Legitimacy: The Tudor Roots Of England’S Constitutional Governance, Avner Greif, Jared Rubin

ESI Working Papers

This paper highlights the importance of endogenous changes in the foundations of legitimacy for political regimes. It focuses on the central role of legitimacy changes in the rise of constitutional monarchy in England. It first defines legitimacy and briefly elaborates a theoretical framework enabling a historical study of this unobservable variable. It proceeds to substantiate that the low-legitimacy, post-Reformation Tudor monarchs of the 16th century promoted Parliament to enhance their legitimacy, thereby changing the legislative process from the “Crown and Parliament” to the “Crown in Parliament” that still prevails in England.


Unwilling Gamblers And Loaded Dice: Considering Recession And Crisis As A Natural Effect Of Financial Capitalism, Darlene N. Moorman Dec 2022

Unwilling Gamblers And Loaded Dice: Considering Recession And Crisis As A Natural Effect Of Financial Capitalism, Darlene N. Moorman

The Downtown Review

Under financial capitalism, ordinary people are increasingly becoming 'unwilling gamblers' of a risky and unstable system. This paper explores the social and institutional change behind the neoliberal movement and considers how the politics and policies of neoliberalism have contributed to a certain environment of financial instability. Looking at the changing nature of the economy, the rapid expansion of the financial sector, and the persisting issue of moral hazard underlying risky and speculative behaviors among other items, reveals a financial system in which recessions and crises can be considered a natural, although not inevitable, effect.


Addressing The Divisions In Antitrust Policy, Herbert J. Hovenkamp Nov 2021

Addressing The Divisions In Antitrust Policy, Herbert J. Hovenkamp

All Faculty Scholarship

This is the text of an interview conducted in writing by Professor A. Douglas Melamed, Stanford Law School.


Against Monetary Functionalism: A Social Ontology Of Money, James Payne Jan 2020

Against Monetary Functionalism: A Social Ontology Of Money, James Payne

Honors Program Theses

This paper explores the concepts of individualism and holism in social ontology through an analysis of the ontology of money by integrating insights from the Critical Realist tradition as well as the distinction between metaphysical grounds and anchors. In doing so it examines alternative explanations of money's ontology like the paradigmatic approach of John Searle. The results of the inquiry are then connected in relation to the models of social explanation in mainstream economics.


Simon Nelson Patten, Roger A. Lohmann Jan 2020

Simon Nelson Patten, Roger A. Lohmann

Faculty & Staff Scholarship

A brief biographical article on Simon Patten, the German-trained social economist who coined the term social work and continued to make contributions to social work and social welfare throughout his career.


1st Place Contest Entry: Countering The Current: The Function Of Cinematic Waves In Communist Vs. Capitalist Societies, Maddie Gwinn Apr 2019

1st Place Contest Entry: Countering The Current: The Function Of Cinematic Waves In Communist Vs. Capitalist Societies, Maddie Gwinn

Kevin and Tam Ross Undergraduate Research Prize

This is Maddie Gwinn's submission for the 2019 Kevin and Tam Ross Undergraduate Research Prize, which won first place. It contains her essay on using library resources, a three-page sample of her research project on how the Czech New Wave and New Hollywood cinema are defined by their agency in preserving and prescribing cultural meaning across their societies while being bound to their economic systems, and her works cited list.

Maddie is a senior at Chapman University, majoring in Film Production. Her faculty mentor is Dr. Carmichael Peters.


Spanish California Missions: An Economic Success, Lynne Doti Jan 2019

Spanish California Missions: An Economic Success, Lynne Doti

Economics Faculty Articles and Research

Starting in 1769, the Spanish established missions in Alta California. A small band of soldiers, Franciscan priests and volunteers walked from Baja California to San Francisco Bay through semi-arid, scarcely populated land stopping occasionally to establish a location for a religious community. Usually two priests, a few soldiers and a few Indians from Baja California settled at the spot. Their only resources for starting an economy were themselves, a few animals and a nearby source of water. They attracted the local Indians to join the community and perform the work necessary to create a strong economy. After only a few …


A Martin Luther King Jr. Amendment To The U.S. Constitution: Toward The Abolition Of Poverty, Theodore Walker May 2018

A Martin Luther King Jr. Amendment To The U.S. Constitution: Toward The Abolition Of Poverty, Theodore Walker

Perkins Faculty Research and Special Events

Rev. Dr. Martin Luther King Jr. prescribed that we add an economic bill of rights to the U.S. Constitution. A King-Inspired bill of rights should include a constitutional amendment that enumerates a natural human right to be free from economic poverty, and appropriate enforcement legislation.

For the sake of abolishing slavery, the Thirteenth Amendment says:

(Section 1) Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.

(Section 2) Congress shall have power to enforce this article by …


The Modigliani-Miller Theorem At 60: The Long-Overlooked Legal Applications Of Finance’S Foundational Theorem, Michael S. Knoll Jan 2018

The Modigliani-Miller Theorem At 60: The Long-Overlooked Legal Applications Of Finance’S Foundational Theorem, Michael S. Knoll

All Faculty Scholarship

2018 marks the 60th anniversary of the publication of Franco Modigliani and Merton Miller’s The Cost of Capital, Corporation Finance, and the Theory of Investment. Widely hailed as the foundation of modern finance, their article, which purports to demonstrate that a firm’s value is independent of its capital structure, is little known by lawyers, including legal academics. That is unfortunate because the Modigliani-Miller capital structure irrelevancy proposition (when inverted) provides a framework that can be extremely useful to legal academics, practicing attorneys and judges.


Dorothy Moser Medlin Papers - Accession 1049, Dorothy Moser Medlin Jan 2018

Dorothy Moser Medlin Papers - Accession 1049, Dorothy Moser Medlin

Manuscript Collection

(The Dorothy Moser Medlin Papers are currently in processing.)

This collection contains most of the records of Dorothy Medlin’s work and correspondence and also includes reference materials, notes, microfilm, photographic negatives related both to her professional and personal life. Additions include a FLES Handbook, co-authored by Dorothy Medlin and a decorative mirror belonging to Dorothy Medlin.

Major series in this collection include: some original 18th century writings and ephemera and primary source material of André Morellet, extensive collection of secondary material on André Morellet's writings and translations, Winthrop related files, literary manuscripts and notes by Dorothy Medlin (1966-2011), copies …


Bringing The State Home: Neoliberalism In Global Models Of Public Housing, Nicholas Alfino May 2017

Bringing The State Home: Neoliberalism In Global Models Of Public Housing, Nicholas Alfino

Cultural Studies Capstone Papers

Global public housing authorities in state versus market capitalism take different approaches to provide housing for multicultural demographics. This capstone project looks at that of New York City and Singapore as case studies of ideologies of welfare, multicultural national identity and public policies representative of their political economies. With special attention paid the spatial relations of ethnic enclaves in both urban environments, focus is placed on a social, lived experience shaped by both 'productivist' versus 'cynical' ideology and privatization versus state authoritarianism. Each political economic system of welfare reaches from larger concepts of national and global economy to the local …


A Gpi-Based Critique Of "The Economic Profile Of The Lower Mississippi River: An Update", Eric Zencey Jan 2015

A Gpi-Based Critique Of "The Economic Profile Of The Lower Mississippi River: An Update", Eric Zencey

College of Arts and Sciences Faculty Publications

The Genuine Progress Indicator, or GPI, is an alternative economic indicator that seeks to measure net economic welfare—the economic welfare that is gained by economic activity after the costs of producing that welfare (such as the costs of air pollution, water pollution, resource depletion, climate change, and the like) are deducted. From a GPI perspective, the economy of the Lower Mississippi River Corridor is not nearly as robust as traditional modes of economic analysis would suggest. There are clear paths to increasing GPI (and human economic wellbeing) that have implications for environmental, economic and river-management policy.


Economic Leapovers, William Hunter Wolf Jan 2014

Economic Leapovers, William Hunter Wolf

Honors Theses

This paper examines the phenomenon of economic leapovers in technology. Leapovers are defined and placed in historical context, with some examples from telecommunications and case settings from Russia and China. In particular, the socioeconomic factors behind leapovers are noted and analyzed in light of several classical economic doctrines of Adam Smith, David Ricardo, Thomas Malthus, and Karl Marx. The potential for other leapovers is also examined in an extension.


An Empirical Analysis Of The Migratory Flows To The United States, Felipe Isaias Galan Uribe Jan 2013

An Empirical Analysis Of The Migratory Flows To The United States, Felipe Isaias Galan Uribe

Open Access Theses & Dissertations

Migration is generally regarded as an investment decision. Costs and gains from relocating are employed to explain migratory flows. Labor market conditions are important in defining such gains and costs. Labor markets are affected by regulatory burdens. This study is an analysis the effect of labor markets restrictiveness on migrations. Data from Doing Business are employed to describe the labor market situation in 168 countries during the year 2010. The United States is employed as benchmark of an open economy attracting migrants. Outcomes are somewhat ambiguous. Sime regulations are found to lead to more migration, while other actually help to …


Capitalism And The Science Of History: Appleby, Marx, And Postmodernism, Patrick D. Anderson Apr 2012

Capitalism And The Science Of History: Appleby, Marx, And Postmodernism, Patrick D. Anderson

Grand Valley Journal of History

Joyce Appleby has written an extensive amount on the origins and development of capitalism, but her work is influenced by her belief that history is a science with at least some objectivity. She rejects Marxism as a relic of past historians with naïve beliefs about finding the laws of nature, but she also rejects postmodern criticisms of history because they undermine any chance for objectivity. Appleby believes the historian can be objective even if politics necessarily colors his or her work. For Appleby, her support of capitalism leads her to make policy recommendations with her historiography, recommendations that change with …


Labor Economics, George R. Boyer, Robert Smith Feb 2012

Labor Economics, George R. Boyer, Robert Smith

George R. Boyer

The authors hypothesize that most labor economists "sooner or later had to incorporate at least the appearance of institutional concerns in their papers to avoid indigestion whenever lunching with colleagues outside the field of economics" They add: "If the new interests of modern labor economics are in fact driven by the imperatives of science, then the institutionalist and the neoclassical approaches may well synthesize".


The Union Wage Effect In Late Nineteenth Century Britain, Timothy J. Hatton, George R. Boyer, Roy E. Bailey Feb 2012

The Union Wage Effect In Late Nineteenth Century Britain, Timothy J. Hatton, George R. Boyer, Roy E. Bailey

George R. Boyer

[Excerpt] This paper offers an historical dimension to the impact of trade unions on earnings by estimating the union wage effect in Britain in 1889-90 using data from the US Commissioner of Labor survey conducted at that time. The determinants of union status are also investigated in terms of a probit estimation using individual characteristics which may be correlated with union membership. The results of this first step are used in the computation of selectivity corrected estimates of the union wage effect. It is found that the effect of union membership on earnings at this time was of the order …


Poor Relief, Informal Assistance, And Short Time During The Lancashire Cotton Famine, George R. Boyer Feb 2012

Poor Relief, Informal Assistance, And Short Time During The Lancashire Cotton Famine, George R. Boyer

George R. Boyer

[Excerpt] This paper presents new evidence concerning the importance of poor relief as a source of income assistance for unemployed operatives during the Lancashire cotton famine. My comparison of weekly data on the number of relief recipients in 23 distressed poor law unions with estimates of weekly cotton consumption for the period November 1861 to December 1862 suggests that the average length of time between becoming unemployed and receiving poor relief was less than 2 months. This result is shown to be consistent with available evidence on working class saving. Given the meager amount of informal assistance available to them, …


The Influence Of London On Labor Markets In Southern England, 1830-1914, George R. Boyer Feb 2012

The Influence Of London On Labor Markets In Southern England, 1830-1914, George R. Boyer

George R. Boyer

[Excerpt] Historians have long acknowledged that London, because of its enormous size and rapidly growing demand for labor, acted as a powerful magnet for migrants from throughout southern England. However, while there is a large literature documenting the flow of migrants to London, there have been surprisingly few attempts to determine the consequences of this migration for southern labor markets. This article attempts to redress the imbalance in the literature by examining the influence of London on agricultural labor markets during the nineteenth century. In particular, the article examines the effect of distance from London on wage rates in southern …


Migration And Labour Market Integration In Late Nineteenth-Century England And Wales, George R. Boyer Feb 2012

Migration And Labour Market Integration In Late Nineteenth-Century England And Wales, George R. Boyer

George R. Boyer

[Excerpt] There is a long and well established tradition of studies analysing the pattern and causes of internal migration and assessing the degree of labour market integration in late nineteenth-century Britain. Some studies document the flows of migrants from one area to another and describe migrant characteristics and the directions of the predominant streams of migration. Others analyse the determinants of gross or net migration flows at the region or county level. The questions implicit in these studies are: How mobile was the labour force? What were the major factors which determined individual decisions to migrate? How are these factors …


Editor's Introduction (Review Symposium On Converging Divergences: Worldwide Changes In Employment Systems), George R. Boyer Jan 2012

Editor's Introduction (Review Symposium On Converging Divergences: Worldwide Changes In Employment Systems), George R. Boyer

George R. Boyer

[Excerpt] During the past two decades there have been significant changes in employment systems across industrialized countries. Converging Divergences: Worldwide Changes in Employment Systems, by Harry C. Katz and Owen Darbishire, examines changes since 1980 in employment practices in seven industrialized countries—the United States, the United Kingdom, Australia, Germany, Japan, Sweden, and Italy—with a focus on the automotive and telecommunications industries. Katz and Darbishire find that variations in employment patterns within these countries have been increasing over the past two decades. The increase in variation is not simply a result of a decline in union strength in some sectors of …


Comments On Geraghty, Márquez, And Vizcarra, George R. Boyer Jan 2012

Comments On Geraghty, Márquez, And Vizcarra, George R. Boyer

George R. Boyer

Professor Boyer reviews and comments upon the three dissertations that were finalists for the Alexander Gerschenkron Prize in 2002.


[Review Of The Book Growing Public: Social Spending And Economic Growth Since The Eighteenth Century], George R. Boyer Jan 2012

[Review Of The Book Growing Public: Social Spending And Economic Growth Since The Eighteenth Century], George R. Boyer

George R. Boyer

[Excerpt] Lindert’s discussion of the costs and benefits of the welfare state is only one part, albeit the most eye-catching part, of this wide-ranging work in comparative economic history. Volume 1, written for non-specialists, presents “The Story”; it is tailor-made for upper-level undergraduate courses in economic and social history, public policy, and welfare economics. Volume 2 presents “Further Evidence,” including the regression results that underlie the findings presented in the first volume, and eighty pages of appendices. Graduate students and scholars studying the welfare state will want to read this volume in conjunction with Volume 1. For those who want …


The Economic Role Of The English Poor Law, 1780-1834, George R. Boyer Jan 2012

The Economic Role Of The English Poor Law, 1780-1834, George R. Boyer

George R. Boyer

[Excerpt] Over the 85-year period from 1748/50 to 1832/34, real per capita expenditures on poor relief increased at an average rate of approximately 1 percent per year. There were also important changes in the administration of relief with respect to able-bodied laborers during the period. Policies providing relief outside of workhouses to unemployed and under-employed able-bodied laborers became widespread during the 1770s and 1780s in the grain-producing South and East of England. The so-called Speenhamland system of outdoor relief flourished until 1834, when it was abolished by the Poor Law Amendment Act. The aim of the thesis is to provide …


The Role Of The Law In The Availability Of Public Transit And Affordable Housing In Atlanta’S West End, Elliott Lipinsky Jan 2012

The Role Of The Law In The Availability Of Public Transit And Affordable Housing In Atlanta’S West End, Elliott Lipinsky

ELLIOTT LIPINSKY

The Federal Transit Administration (FTA) is a branch of the U.S. Department of Transportation that administers federal funds and provides technical assistance for the support of locally operated public transit systems. MARTA / Atlanta metro area are part of FTA Region IV (the Southeast). FTA would be involved, for instance, in financing the federal grant monies discussed above. But actual regulation of operations (i.e., what MARTA does each day, or what MARTA will plan to do regionally) is more closely regulated by Georgia agencies.

Until recently, the Atlanta metropolitan area had no powerful central agency to coordinate regional transit. The …


Political Legitimacy And Technology Adoption, Metin M. Coşgel, Thomas J. Miceli, Jared Rubin Jan 2012

Political Legitimacy And Technology Adoption, Metin M. Coşgel, Thomas J. Miceli, Jared Rubin

Economics Faculty Articles and Research

A fundamental question of economic and technological history is why some civilizations adopted new and important technologies and others did not. In this paper, we analyze the effect that new technologies have on agents that legitimize rulers. We construct a simple political economy model which suggests that rulers may not accept a productivity-enhancing technology when it negatively affects an agent’s ability to provide the ruler legitimacy. However, when other sources of legitimacy emerge, the ruler will accept the technology as long as the new legitimizing source is not negatively affected. We use this insight to help explain the initial blocking …


The Evolution Of Unemployment Relief In Great Britain, George R. Boyer Dec 2011

The Evolution Of Unemployment Relief In Great Britain, George R. Boyer

George R. Boyer

[Excerpt] Relatively little has been written about unemployment relief during the period between the passage of the Poor Law Amendment Act in 1834 and the adoption of national unemployment insurance in 1911. This study is an attempt to help fill the gap in the literature. It examines the changing roles played by poor relief, private charity, trade unions, and public employment in the lives of the urban unemployed during cyclical downturns from 1834 to 1911. The story that emerges offers no support for a "Whig theory of welfare." Public assistance for the unemployed was more generous, and more certain, from …


The Development Of The Neoclassical Tradition In Labor Economics, George R. Boyer, Robert S. Smith Dec 2011

The Development Of The Neoclassical Tradition In Labor Economics, George R. Boyer, Robert S. Smith

George R. Boyer

This essay on labor economics examines neoclassical theory's rise to ascendancy following the second World War, with a secondary focus on the relative decline but continued influence of institutionalist economic theory. The authors describe the evolution of institutional and neoclassical theory from the late nineteenth to mid-twentieth centuries, examine some early intellectual debates between the two camps, briefly describe the work of neoclassical labor economics pioneers, and look at major developments over the past 30 years. They argue that neoclassical economists' increasing intellectual breadth and influence in public policy have led them to pay closer attention to issues that have …


The Historical Background Of The Communist Manifesto, George R. Boyer Dec 2011

The Historical Background Of The Communist Manifesto, George R. Boyer

George R. Boyer

[Excerpt] The Manifesto of the Communist Party, published 150 years ago in London in February 1848, is one of the most influential and widely-read documents of the past two centuries. The historian A. J. P. Taylor (1967, p. 7) has called it a "holy book," and contends that because of it, "everyone thinks differently about politics and society." And yet, despite its enormous influence in the 20th century, the Manifesto is very much a period piece, a document of what was called the "hungry" 1840s. It is hard to imagine it being written in any other decade of the 19th …


Malthus Was Right After All: Poor Relief And Birth Rates In Southeastern England, George R. Boyer Dec 2011

Malthus Was Right After All: Poor Relief And Birth Rates In Southeastern England, George R. Boyer

George R. Boyer

The payment of child allowances to laborers with large families was widespread in early nineteenth-century England. This paper tests Thomas Malthus's hypothesis that child allowances caused the birth rate to increase. A cross-sectional regression model is estimated to explain variations in birth rates across parishes in 1826-30. Birth rates are found to be related to child allowances, income, and the availability of housing, as Malthus contended. The paper concludes by examining the role played by the adoption of child allowances after 1795 in the fertility increase of the early nineteenth century.