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Economics

1980

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Articles 31 - 60 of 238

Full-Text Articles in Social and Behavioral Sciences

Boost For The Downtown: Splendid New Arcade, Chester Smolski Oct 1980

Boost For The Downtown: Splendid New Arcade, Chester Smolski

Smolski Texts

"The sign hanging from the center of the building reads '7 Days to Opening.' The countdown number changes dailty to remind carpenters, electricians, tile setters, merchants, and a whole host of others that construction must be finished, stocks placed, and shops ready for the Grand Opening of America's first indoor shopping mall--the Arcade.

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Analysis Of September 11, 1980 Supply And Demand Report For Wheat, Feed Grains And Oil Seeds, Arthur B. Sogn Oct 1980

Analysis Of September 11, 1980 Supply And Demand Report For Wheat, Feed Grains And Oil Seeds, Arthur B. Sogn

Economics Commentator

No abstract provided.

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F. A. Hayek On Constructivism And Ethics, Arthur M. Diamond Jr. Oct 1980

F. A. Hayek On Constructivism And Ethics, Arthur M. Diamond Jr.

Economics Faculty Publications

Long before receiving his Nobel Prize, Friedrich von Hayek was well respected in the academic community. John Maynard Keynes had glowing praise for Hayek's 1944 The Road to Serfdom. Milton Friedman and Paul Samuelson, antagonists on many issues, agree that Hayek's 1945 "The Use of Knowledge in Society" was a major contribution to political-economic thought. These early works by Hayek led a writer for the Nation to express what must have been the view of a great many, that "because [Hayek] is among the most thoughtful and consistent supporters of a market economy. . . those who disagree with him …

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Causal Apportionment In The Law Of Torts, Mario Rizzo Oct 1980

Causal Apportionment In The Law Of Torts, Mario Rizzo

Mario Rizzo

This article presents a theory and a technology of damage apportionment (in cases of joint, concurrent or successive torts) based on relative causal contributions. While the theory is developed along the lines of strict liability, it is also applicable, mutatis mutandis, to a negligence framework.

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Spencer's Tragedy, Arthur M. Diamond Jr. Oct 1980

Spencer's Tragedy, Arthur M. Diamond Jr.

Economics Faculty Publications

At Dinner with Huxley, Spencer mentioned that he had once written a tragedy. Huxley immediately replied that he knew what the plot must be: a beautiful theory gets murdered by a nasty fact. Spencer himself delighted in retelling Huxley’s barb, displaying thereby both his good humor and self-awareness. What he was probably not aware of was that he actually did write a tragedy with Huxley’s plot. In The Principles of Ethics the beautiful theory is that an individual’s conduct is to be judged by how well it furthers the individual’s survival. The nasty fact is that much conduct that furthers …

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Public Policy: No Longer A Spectator Sport For Business, Murray L. Weidenbaum Oct 1980

Public Policy: No Longer A Spectator Sport For Business, Murray L. Weidenbaum

Murray Weidenbaum Publications

This piece shows the huge growth of federal regulation in the 1970s. In turn, business needs to become more involved in the public arena to improve business-government relations.

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The Central Assignment Game And The Assignment Markets, Mamoru Kaneko Oct 1980

The Central Assignment Game And The Assignment Markets, Mamoru Kaneko

Cowles Foundation Discussion Papers

Initially we prove the nonemptiness of the core of an n-person game without side payments called a central assignment game. Next, we provide a market model with indivisible goods but without the transferable utility assumption. Applying the first result to the market model, we prove the nonemptiness of the core and the existence of a competitive equilibrium. Finally, we provide a generalization of the market model and also show the nonemptiness of the core and the existence of a competitive equilibrium using the results in the previous model.

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Solution And Maximum Likelihood Estimation Of Dynamic Nonlinear Rational Expectations Models, Ray C. Fair, John B. Taylor Oct 1980

Solution And Maximum Likelihood Estimation Of Dynamic Nonlinear Rational Expectations Models, Ray C. Fair, John B. Taylor

Cowles Foundation Discussion Papers

No abstract provided.

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Thinking About Carbon Dioxide: Theoretical And Empirical Aspects Of Optimal Control Strategies, William D. Nordhaus Oct 1980

Thinking About Carbon Dioxide: Theoretical And Empirical Aspects Of Optimal Control Strategies, William D. Nordhaus

Cowles Foundation Discussion Papers

The scientific and policy discussion about the CO2 problem can be divided into three different parts: (a) understanding the carbon cycle and climatic effects of CO2 elevation; (b) understanding the economic and social impacts of CO2 and estimating abatement strategies; and (c) weighing the costs and benefits in (a) and (b) to set appropriate policies. Up to now, almost all scientific work has gone into (a); a handful of papers discusses (b); but there have been no attempts to pursue (c), that is to weigh scientific and economic evidence so as to give guidance on national or global policies. The …

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“Money, Financial Markets, And The Coherence Of A Market Economy, Hyman P. Minsky Ph.D. Oct 1980

“Money, Financial Markets, And The Coherence Of A Market Economy, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Journal of Post Keynesian Economics, Vol. III, No. 1, Fall 1980.

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Economic Considerations For Potential Fuel Alcohol Producers Or Investors, Thomas L. Dobbs Sep 1980

Economic Considerations For Potential Fuel Alcohol Producers Or Investors, Thomas L. Dobbs

Economics Commentator

No abstract provided.

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Major Tax Reductions And Public Education, Philip Favero Sep 1980

Major Tax Reductions And Public Education, Philip Favero

Economics Staff Paper Series

The following discussion of tax reductions uses as an example South Dakota’s own version of Proposition 13, the Dakota Proposition. In the discussion which follows, four major themes are developed. First, Dakota Proposition would have a very major consequence for public finance in South Dakota-beginning in 1982 and extending indefinitely thereafter. Second, Dakota Proposition and other major tax reduction proposals have a variety of origins---some particular to the relevant state, and some more general origins as well. Third, common misunderstanding and, indeed, ignorance exists about the benefits provided by public education and about taxation to support education. And finally, Dakota …

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Distribution, Peter C.B. Phillips Sep 1980

Distribution, Peter C.B. Phillips

Cowles Foundation Discussion Papers

Formulae that are given in the literature for the characteristic function of the F distribution are incorrect and imply that the distribution has finite moments of all orders. Correct formulae are derived and the asymptotic behavior of the characteristic function in the neighborhood of the origin is characterized.

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Best Uniform Approximation To Probability Densities In Econometrics, Peter C.B. Phillips Sep 1980

Best Uniform Approximation To Probability Densities In Econometrics, Peter C.B. Phillips

Cowles Foundation Discussion Papers

A new method of approximating the probability density function (pdf’s) of econometric estimators and test statistics is developed. It is shown that best uniform approximants to a general class of pdf’s exist in the form of rational functions. A procedure for extracting approximants is devised and is based on modifying multiple-point Pade approximants to the distribution. The new approximation technique is very general and should be widely applicable in mathematical statistics and econometrics. It has the advantage, unlike the Edgeworth and saddlepoint approximations, of readily incorporating extraneous information on the distribution, even qualitative information. The new procedure is applied to …

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On A Lemma Of Amemiya, Peter C.B. Phillips Sep 1980

On A Lemma Of Amemiya, Peter C.B. Phillips

Cowles Foundation Discussion Papers

No abstract provided.

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Producer Strategies When Transportation Distorts Pricing Of Grain, Arthur Sogn Aug 1980

Producer Strategies When Transportation Distorts Pricing Of Grain, Arthur Sogn

Economics Staff Paper Series

No abstract provided.

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Stevenage--Pace Setter Among "New Towns", Chester Smolski Aug 1980

Stevenage--Pace Setter Among "New Towns", Chester Smolski

Smolski Texts

"The British successful "great social experiment," going on for the past generation, is now coming to an end. This culmination is to be seen here in England's first, post-war new town, located 30 miles north of London in the rolling countryside of Hertfordshire, where the Stevenage Development Corporation has formally closed shop. For all pratical purposes, the construction of this urban center has ended."

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Chapter Xv: An Agenda For Reform, Hyman P. Minsky Ph.D. Aug 1980

Chapter Xv: An Agenda For Reform, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

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Perfect Or Robust Noncooperative Equilibrium: A Search For The Philosophers Stone?, Martin Shubik Aug 1980

Perfect Or Robust Noncooperative Equilibrium: A Search For The Philosophers Stone?, Martin Shubik

Cowles Foundation Discussion Papers

No abstract provided.

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Heterogeneous Information And The Theory Of The Business Cycle, Sanford Grossman, Laurence Weiss Aug 1980

Heterogeneous Information And The Theory Of The Business Cycle, Sanford Grossman, Laurence Weiss

Cowles Foundation Discussion Papers

No abstract provided.

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Economic Democracy : The Challenge Of The 1980s, Derek Shearer, Martin Carnoy Jul 1980

Economic Democracy : The Challenge Of The 1980s, Derek Shearer, Martin Carnoy

Derek Shearer

This text discusses the economic, social and political implications of redirecting labour and capital from a military-based to a post-Cold War economy.

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Key Factor To A Better City, Chester Smolski Jul 1980

Key Factor To A Better City, Chester Smolski

Smolski Texts

"The Providence Charter Commission is now moving into the homestretch. After a full nine-month period in which more than 60 meetings were held, culminating in three public hearings in late June, the nine-member commission has gone back to the drawing board to review ideas, revise where deemed appropriate, and have a completed document ready in September. Voter acceptance in November, with General Assembly validation of certain provisions in 1981, will allow home rule for the state's capital city to become fully operational in January of 1983.

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Friedman's Television Series: Free To Choose, Felix Hsia Jul 1980

Friedman's Television Series: Free To Choose, Felix Hsia

Economics Staff Paper Series

No abstract provided.

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Union Traditions And Economic Policy In Ri, Chester Smolski Jul 1980

Union Traditions And Economic Policy In Ri, Chester Smolski

Smolski Texts

"When compared with the rest of the nation, Rhode Island stands out as a highly unionized state. A recent study released by the Department of Labor shows that 108,000 of the 398,000 employed in the state in 1978 were union members. Membership in associations such as the National Education Association and others adds a further 11,000 persons to the list. This total of 119,000 union and association members represents 29.9 percent of total employment on non-agricultural payrolls, ranking Rhode Island 13th in the nation and highest in New England which, as a region, averages 26.6 percent, and the same figure, …

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Economic Determinants Of Soviet Foreign Trade With Eastern Europe, Joseph Pelzman Jul 1980

Economic Determinants Of Soviet Foreign Trade With Eastern Europe, Joseph Pelzman

Joseph Pelzman

No abstract provided.

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The Failure Of Official Economics, Hyman P. Minsky Ph.D. Jul 1980

The Failure Of Official Economics, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

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Extension Of A Dynamical Model Of Political Equilibrium, Gerald H. Kramer Jul 1980

Extension Of A Dynamical Model Of Political Equilibrium, Gerald H. Kramer

Cowles Foundation Discussion Papers

No abstract provided.

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Intergenerational Political Economy (A Game Theoretic Model Of How To Glue The Generations Together), Martin Shubik Jul 1980

Intergenerational Political Economy (A Game Theoretic Model Of How To Glue The Generations Together), Martin Shubik

Cowles Foundation Discussion Papers

No abstract provided.

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Competition For Jobs, Chester Smolski Jun 1980

Competition For Jobs, Chester Smolski

Smolski Texts

"Where will the jobs be in the 1980s? Where are the best areas for potential economic growth in the next decade? What urban centers and states will be magnets to draw fellow Americans because of the promise of a better life? Based on a recent study, Chase Econometrics, a subsidiary of Chase Manhattan Bank, has forecast what it believes to be the answers to some of these questions."

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Policies And Strategies Towards Foreign Investment In Nigeria, C. E. Enuenwosu, C. E. Nemedia Jun 1980

Policies And Strategies Towards Foreign Investment In Nigeria, C. E. Enuenwosu, C. E. Nemedia

Economic and Financial Review

A review and appraisal of foreign investment policies and strategies in Nigeria is undertaken in three sections. Section one presents the historical evolution of the policies under three different types of political administration, namely, the colonial era, the civilian administration of the first republic ( 1960-1965). and the military regime which held the reigns of political power for thirteen years (1966-1979). Section two analyses data on private foreign investment in Nigeria. The third section rounds up the discussions with an appraisal of the existing approaches and the concluding observations.

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