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Articles 181 - 210 of 51193
Full-Text Articles in Social and Behavioral Sciences
The Effect Of Remittances On Educational Outcome In Uganda, Kaity Chen
The Effect Of Remittances On Educational Outcome In Uganda, Kaity Chen
Economics Student Theses and Capstone Projects
This study investigates the impact of remittances received on the highest level of education completed by the household members in Uganda. The results of our multinomial logistic regression analysis that uses survey data from Uganda in 2010 indicate that, after controlling for other variables, our independent variable—the total amount of remittances received—is only a significant predictor of the three highest level of education categories (Completed secondary education vs Didn’t complete primary education category, Post-secondary diploma vs Didn’t complete primary education category, and Degree and Above Education vs Didn’t complete primary education). This could be due to the fact that households …
The Relationship Between Ownership And English Premier League Players’ Salaries, Jacob Lipeles
The Relationship Between Ownership And English Premier League Players’ Salaries, Jacob Lipeles
Economics Student Theses and Capstone Projects
This paper looks into the relationship between professional soccer player wages and ownership characteristics. Previous research has shown that foreign owners invest more in their clubs but has not connected it to individual players’ wages. Previous player compensation models exist but have not incorporated advanced analytics or tied in the concept of MRP. Regression models have been calculated for club output, club revenue, and expected player wage. The expected player wage was then compared to MRP. These were then regressed with ownership characteristics. This paper has found that there is a statistically significant relationship between two ownership characteristics and player …
Disparities In Housing Affordability By Income, Housing Tenure, And Race In Us Census-Designated Regions, Jeffery S. Bredthauer, Javed Iqbal, Christopher Decker
Disparities In Housing Affordability By Income, Housing Tenure, And Race In Us Census-Designated Regions, Jeffery S. Bredthauer, Javed Iqbal, Christopher Decker
Mountain Plains Journal of Business and Technology
This analysis demonstrates that there are significant regional disparities in housing affordability among US Census-designated regions, with the Northeast and West consistently bearing the highest costs. Over time, the burdens incurred by both owners and tenants have lessened, but renters' burdens have grown considerably. Furthermore, significant regional differences in severely cost-burdened households are highlighted. The Northeast has more severely cost-burdened households than the Midwest, South, or West. There are also significant ethnic differences: Asian Americans experience a slightly lower housing cost burden, while African Americans and Native Americans bear the greatest burden, followed by Hispanics. To address these problems, legislative …
Prescription For Prosperity: The Dual Miracle Of Antiretroviral Therapy And African Growth, Robert W. F. Pennington
Prescription For Prosperity: The Dual Miracle Of Antiretroviral Therapy And African Growth, Robert W. F. Pennington
Economics Honors Projects
This paper investigates the effect of antiretroviral therapy (ART) coverage on economic growth in Sub-Saharan Africa. I model the relationship following the expanded Solow Growth Model, proposing a dual health capital and educational human capital mechanism through which ART impacts growth. While previous studies propose conflicting results, I use the most comprehensive dataset, and employ theory-backed specifications to provide the most accurate and reliable estimates of the effect. Using a panel of all 48 countries in Sub-Saharan Africa, I employ a two-stage least squares shift-share/Bartik instrumental variable approach, including two-way fixed effects to estimate the effect of a rapid expansion …
Partisan Perspectives On Inflation: Exploring Bias In Economic Expectations, Anna Durall
Partisan Perspectives On Inflation: Exploring Bias In Economic Expectations, Anna Durall
Economics Honors Projects
Inflation expectations are important determinants of future inflation and individual consumer behavior. Recent attention has been devoted to individual-level heterogeneity in inflation expectations. I consider political partisanship as a source of heterogeneity and question whether expectations are biased by partisanship. I find that they are, i.e., that individuals from the president's political party expect lower inflation relative to members of the opposing party (this difference is statistically insignificant during the Bush presidency), and that this result cannot be explained by additional sources of heterogeneity. I also examine whether belonging to the president's political party affects the rationality of expectations and …
Increases In Regional Brain Volume Across Two Native South American Male Populations, Nikhil N. Chaudhari, Phoebe E. Imms, Nathan F. Chowdhury, Margaret Gatz, Benjamin Trumble, Wendy J. Mack, E. Meng Law, M. Linda Sutherland, James D. Sutherland, Christopher J. Rowan, L. Samuel Wann, Adel H. Allam, Randall C. Thompson, David E. Michalik, Michael I. Miyamoto, Guido Lombardi, Daniel Cummings, Edmond Seabright, Sarah Alami, Angela R. Garcia, Daniel E. Rodriguez, Raul Quispe Gutierrez, Adrian J. Copajira, Paul L. Hooper, Kenneth Buetow, Jonathan Stieglitz, Michael D. Gurven, Gregory S. Thomas, Hillard Kaplan, Caleb E. Finch, Andrei Irimia
Increases In Regional Brain Volume Across Two Native South American Male Populations, Nikhil N. Chaudhari, Phoebe E. Imms, Nathan F. Chowdhury, Margaret Gatz, Benjamin Trumble, Wendy J. Mack, E. Meng Law, M. Linda Sutherland, James D. Sutherland, Christopher J. Rowan, L. Samuel Wann, Adel H. Allam, Randall C. Thompson, David E. Michalik, Michael I. Miyamoto, Guido Lombardi, Daniel Cummings, Edmond Seabright, Sarah Alami, Angela R. Garcia, Daniel E. Rodriguez, Raul Quispe Gutierrez, Adrian J. Copajira, Paul L. Hooper, Kenneth Buetow, Jonathan Stieglitz, Michael D. Gurven, Gregory S. Thomas, Hillard Kaplan, Caleb E. Finch, Andrei Irimia
ESI Publications
Industrialized environments, despite benefits such as higher levels of formal education and lower rates of infections, can also have pernicious impacts upon brain atrophy. Partly for this reason, comparing age-related brain volume trajectories between industrialized and non-industrialized populations can help to suggest lifestyle correlates of brain health. The Tsimane, indigenous to the Bolivian Amazon, derive their subsistence from foraging and horticulture and are physically active. The Moseten, a mixed-ethnicity farming population, are physically active but less than the Tsimane. Within both populations (N = 1024; age range = 46–83), we calculated regional brain volumes from computed tomography and compared …
Covid-19'S Consequences In Day-To-Day Life, Christian Mclain, Perla Guadalupe Vega
Covid-19'S Consequences In Day-To-Day Life, Christian Mclain, Perla Guadalupe Vega
ENGL 1102 Showcase
This anthology discusses the consequences that the Covid-19 left. These drastic changes are still visible 4 years later, in two important sectors of Georgia's economy: the Work force and the housing market. These 2 sectors collide and merge with our daily life since they take up most of our time. Homes took on the roles of offices and schools as employees and students were forced to stay home due to the pandemic. Before and after Covid 19, everything changed from the criteria of buyers in the housing market, the inventory, the reasons why it is short, in addition to the …
The Contradiction Between Use-Value And Exchange-Value: Ecology, Imperialism, And The Telos Of Production, Larry Alan Busk, Elizabeth Portella
The Contradiction Between Use-Value And Exchange-Value: Ecology, Imperialism, And The Telos Of Production, Larry Alan Busk, Elizabeth Portella
Emancipations: A Journal of Critical Social Analysis
This article elaborates and defends a critique of capitalism which, despite its appearance in various bodies of work, has not been named or systematically differentiated. The critique locates a contradiction between production for use-value and production for exchange-value, or a contradiction in what we call “the telos of production.” While maintaining that it has some basis in Marx’s work, we defend this model as preferable to the critique of capitalism based strictly on the exploitation of labor (which we call the “exploitation-exclusive critique”). We attempt to show this by applying the two approaches to the empirical realities of the ecological …
Addressing The Need For Both Affordable And Sustainable Housing: A Policy Analysis On Avoiding Environmental Gentrification, Erin Zipman
Binghamton University Undergraduate Journal
This article focuses on the threat of environmental gentrification in Binghamton and the surrounding municipalities. Given certain risks, including an increasing temporary student renter population, increasing rent prices, high population of renters overall and the need for updates to the housing stock, this area of Broome County is at high risk for environmental gentrification if clean energy upgrades to the housing stock are aggressively pursued. Since clean energy upgrades such as weatherization and clean technology installation will create safer housing and reduce residential greenhouse gas emissions, it is desirable to pursue them. Thus, this article will analyze four policy alternatives …
Jargon To Jackpot: The Financial Impact Of Infusing Pop Culture References In Social Media, Madelynn Solow
Jargon To Jackpot: The Financial Impact Of Infusing Pop Culture References In Social Media, Madelynn Solow
Business and Economics Honors Papers
This research explores the impact of incorporating pop culture references in a company's Twitter feed on the company's stock price. Pop culture is integral to people's everyday lives, providing a sense of familiarity and fun between individuals. Many companies have started leveraging pop culture references on social media platforms like Twitter to establish a relatable and engaging connection with diverse consumer demographics. The primary purpose of this research is to investigate whether this strategy is beneficial within the stock market. It is hypothesized that incorporating pop culture references on Twitter can lead to increased sales and higher stock prices, as …
The Alchemy Of Diversification: A Deep Dive Into The Stock-Bond Correlation, Evan Coffey
The Alchemy Of Diversification: A Deep Dive Into The Stock-Bond Correlation, Evan Coffey
Business and Economics Honors Papers
This research delves into the intricate dynamics of the stock-bond correlation, seeking to reveal the underlying factors that drive its fluctuations. Through a comprehensive analysis of empirical data, it investigates the diverse array of influences that contribute to the variability in the relationship between stock and bond returns. Factors such as inflation, unemployment, market volatility, FED policy, and market growth are scrutinized for their impact on altering the correlation pattern. Additionally, the research explores the implications of the stock-bond correlation on portfolio diversification. By explaining the multifaceted nature of the correlation, this study provides valuable insights for investors, policymakers, and …
Is Seeing Believing? How Television Advertisements Influence Investment Decisions, Lucas Selb
Is Seeing Believing? How Television Advertisements Influence Investment Decisions, Lucas Selb
Business and Economics Honors Papers
Stock returns are influenced by many factors. Finance scholars have attempted to examine the potential causes of stock price changes by comparing the observed returns of stocks after an event with the predicted returns they should have experienced had the event not occurred. The current “Super Bowl-Stock Returns” studies tend to find conflicting results regarding whether the returns of Super Bowl advertisers’ stocks deviate from their predicted values during the trading days following the Super Bowl, as well as the direction in which these returns deviate and why they deviate. This study uses a more precise model for estimating predicted …
Powerhouse Problem: The Examination Of The Nfl Draft And Possible Biases, Nicholas Troha
Powerhouse Problem: The Examination Of The Nfl Draft And Possible Biases, Nicholas Troha
Business and Economics Honors Papers
This research explores the NFL draft's dynamics, investigating potential biases in player selection. Despite stars like Tyreek Hill and Antonio Brown emerging from small D1 institutions in the later draft rounds, a bias towards Power 5 conference players persists, particularly with wide receivers. Drawing from NFL draft data (2016-2020), this research finds that not only does there seem to be a premium placed on Power 5 receivers, but Southeastern Conference (SEC) linebackers as well. Quarterbacks were also evaluated in this research but revealed little information about what factors influence their draft position. The discrepancy of what influences a player’s draft …
The Relationship Between Patient Satisfaction And The Interaction Of Physical Therapy Availability And Medicare Spending, Ruoxuan Wang
The Relationship Between Patient Satisfaction And The Interaction Of Physical Therapy Availability And Medicare Spending, Ruoxuan Wang
Economics Student Theses and Capstone Projects
My research aims to find out whether the interaction of availability of physical therapy services and Medicare spending will impact patient satisfaction. This study also investigates whether improvements in patients’ breathing will impact patient satisfaction with nonparametric regression methodology. The findings show that patient satisfaction increases at a much higher rate when physical therapy services are available to Medicare beneficiaries. Further, the results demonstrates that a statistically significant association exist between patient satisfaction and the improvements in the frequency with which patients’ breathing improves. This study demonstrates that the government needs to increase both Medicare funding and accessibility to high-quality …
Cooperation In Temporary Partnerships, Gabriele Camera, Alessandro Gioffré
Cooperation In Temporary Partnerships, Gabriele Camera, Alessandro Gioffré
ESI Working Papers
The literature on cooperation in infinitely repeated Prisoner’s Dilemmas covers the extreme opposites of the matching spectrum: partners, a player’s opponent never changes, and strangers, a player’s opponent randomly changes in every period. Here, we extend the analysis to settings where the opponent changes, but not in every period. In these temporary partnerships, players can deter some deviations by directly sanctioning their partner. Hence, relaxing the extreme assumption of one-period matchings can support some cooperation also off equilibrium because a class of strategies emerges that are less extreme than the typical “grim” strategy. We establish conditions supporting full …
An Examination Of The Determinants Of Annual Giving To Csb And Sju: 1990 - 2023, Benchy Dutreuil, Muhammad Ibragimov
An Examination Of The Determinants Of Annual Giving To Csb And Sju: 1990 - 2023, Benchy Dutreuil, Muhammad Ibragimov
Celebrating Scholarship and Creativity Day (2018-)
Based on the data gained from stages 1 and 2, we have concluded that the number of donors of CSB+SJU has declined over time after its peak in 2007, unlike the amount of donations that has been changing a lot but has a positive growing trend in general. We also discovered a significant growth in giving among the top 50% of donors after the year 2008, while the other 2 groups stayed relatively the same with a small positive trend. Additionally, we found a strong correlation between the macroeconomic factors and the patterns the real donations represent. Finally, our linear …
Nfl Rule Changes Favor Offenses; But Don't Defenses Win Championships?, Kipp Satterlee Ransome
Nfl Rule Changes Favor Offenses; But Don't Defenses Win Championships?, Kipp Satterlee Ransome
Business and Economics Honors Papers
The NFL's emphasis on favoring the offense through implementing new game rules is likely a significant factor in increasing a team's average points per game. Additionally, an increasing average points per game metric is likely a contributing factor to increasing real team revenue, as prior research indicates that higher-scoring games lead to higher fan satisfaction. Using game, team revenue, and rule implementation data from the 2002-2022 seasons, this author tests two new hypotheses that test whether specific rule changes targeting defenses or special teams increase a team’s average points per game and whether an increased points per game metric positively …
Navigating The Threat Posed By The Chinese Communist Party, Adam Opp
Navigating The Threat Posed By The Chinese Communist Party, Adam Opp
Helm's School of Government Conference - American Revival: Citizenship & Virtue
For decades, the Chinese Communist Party (CCP) and the economic growth of China has become a threat to the United States. Beginning in 1978, the CCP issued a series of economic, market-oriented reforms which led to a period of economic growth and productivity increase in China. The CCP turned to diplomacy with the United States and other nations to increase foreign investment and implemented the Belt and Road initiative. The impressive scale of Chinese economic growth poses an economic and hegemonic threat to the United States, as China’s economy is projected to outpace the United States and the CCP has …
Roger Altman’S 2008 Public Policy Analysis: At Fault Without The Blame, Isaac Deak
Roger Altman’S 2008 Public Policy Analysis: At Fault Without The Blame, Isaac Deak
Helm's School of Government Conference - American Revival: Citizenship & Virtue
Roger Altman published “Globalism in Retreat” in 2009, in which he offers analysis of the 2008 financial crisis, blaming free-markets and globalism as causes of the calamity, only to praise China’s “state-capitalism”, which he believes allowed the Chinese to emerge ahead of the globalists in recovery. This article, despite its age, provides a timeless example of a dangerous tendency in public policy. It demonstrates how policymakers can implement deleterious policies which result in inevitable crisis, and then, they subsequently escape blame by explaining away the crisis with bad analysis and even worse policy suggestions for the future. Policy suggestions, in …
Global Coffee Production, Payton Herres
Global Coffee Production, Payton Herres
Student Papers in Local and Global Regional Economies
This study aims to provide a comprehensive understanding of the many factors that influence global coffee production, with a particular focus on weather conditions, land area, labor force, and human capital. By exploring these multifaceted aspects, this research aims to provide valuable insights for stakeholders in the coffee industry, policymakers, and researchers. This research explores patterns, calculations, and causal relationships that shape the dynamics of coffee production worldwide through a rigorous analysis of weather variables, including temperature and rainfall, along with assessments of land area, labor dynamics, and human capital. Furthermore, the research aims to illuminate the complex interplay between …
Implementation Evaluation And Outlook Of Major Function Oriented Zone, Dong Chen, Baoyin Liu, Jie Fan, Daojing Zhou, Rui Guo, Zhao Wang, Jianxiong Wu
Implementation Evaluation And Outlook Of Major Function Oriented Zone, Dong Chen, Baoyin Liu, Jie Fan, Daojing Zhou, Rui Guo, Zhao Wang, Jianxiong Wu
Bulletin of Chinese Academy of Sciences (Chinese Version)
Major Function Oriented Zone (MFOZ), an attempt and exploration aimed at ecological civilization during China’s industrial civilization period which is divided into two stages, the stage of MFOZ planning and the stage of the national strategy and basic institution before and after the 18th Communist Party of China (CPC) National Congress, and the main characteristics of both stages are analyzed. Since the 18th CPC National Congress, the strategic thinking of the MFOZ has been deeply rooted in the hearts of the people, the strategic pattern of the MFOZ has been basically formed, the development of the categorized MFOZ has achieved …
Research On Spatial Collaborative Allocation Of Innovation Chain And Industrial Chain And Regional Economic Layout In China, Jianhui Yu, Wenzhong Zhang, Jiaming Li
Research On Spatial Collaborative Allocation Of Innovation Chain And Industrial Chain And Regional Economic Layout In China, Jianhui Yu, Wenzhong Zhang, Jiaming Li
Bulletin of Chinese Academy of Sciences (Chinese Version)
The driving force of China’s economic development in the new era is gradually shifting from traditional production factor inputs and export-led growth to scientific and technological innovation-driven development, and technological innovation is increasingly becoming the main engine of China’s economic development. China needs to urgently address difficult issues such as the disconnect between science and technology and the economy, as well as prominent problems such as repeated resource allocation and scattered scientific research forces. Under the complex and volatile development environment, it is necessary to further optimize the spatial collaborative allocation of innovation chains and industrial chains and promote the …
Suggestions For Layout Adjustment Of China's Agricultural Regions During Fifteenth Five-Year Plan Period, Yong Xu, Hua Yang, Jian Duan
Suggestions For Layout Adjustment Of China's Agricultural Regions During Fifteenth Five-Year Plan Period, Yong Xu, Hua Yang, Jian Duan
Bulletin of Chinese Academy of Sciences (Chinese Version)
Adjusting and optimizing the strategic paradigm of China’s agricultural regions in the new era is of great significance to the implementation of the “Greater Food” concept and the building of a strong agriculture. This study takes the layout adjustment of China’s agricultural regions during the Fifteenth Five-Year Plan period as its theme, and firstly summarizes the problems that exist in the main agricultural production regions and the layout changes in grain production bases. Then, in conjunction with the new requirements of the national strategies, the functional types of agricultural regions are refined, the different function positions are clarified, the adjusting …
Strategic Pattern And Optimization Of China's Eco-Regions During Fifteenth Five-Year Plan Period, Kan Zhou, Jie Fan, Daojing Zhou, Zhedong Qian, Hu Yu, Hanchu Liu, Jian Zhang
Strategic Pattern And Optimization Of China's Eco-Regions During Fifteenth Five-Year Plan Period, Kan Zhou, Jie Fan, Daojing Zhou, Zhedong Qian, Hu Yu, Hanchu Liu, Jian Zhang
Bulletin of Chinese Academy of Sciences (Chinese Version)
Since the implementation of the major function oriented zoning, the ecological space of key ecological functional areas has continuously expanded, with a significant increase in vegetation coverage. Concurrently, there has been a dual change in population dynamics, characterized by a decrease in total population and an increase in the urban population. Furthermore, significant achievements have been made in economic and social development, and there has been a steady improvement in the functions of ecological security barriers, contributing to an alleviation of tension in human-environment relationships. During the 15th Five-Year Plan period, it is imperative to adhere to the functional orientation …
Establishing Networked Territorial Spatial Pattern To Serve New Development Pattern, Jiaming Li, Jiaoe Wang
Establishing Networked Territorial Spatial Pattern To Serve New Development Pattern, Jiaming Li, Jiaoe Wang
Bulletin of Chinese Academy of Sciences (Chinese Version)
A networked territorial spatial pattern, centered around major strategic corridors, plays a crucial role in supporting the construction of the new dual-circulation development pattern. The “Two Horizontals and Three Verticals” major strategic corridors that have been formed can effectively promote the concentration of socio-economic factors in major urban agglomerations. However, there exists a mismatch between the north-south vertical strategic corridors and the east-west socio-economic linkages and transportation corridors. Besides, the existing strategic corridors lack sufficient horizontal support for the Beijing-Tianjin-Hebei urban agglomeration, and the land and sea corridors exhibit weak horizontal driving effect and insufficient connection with external corridors. “Three …
Layout Of Comprehensive Functional Regions And Recent Regional Guidelines In China, Fengjun Jin, Zhuo Chen, Jie Fan
Layout Of Comprehensive Functional Regions And Recent Regional Guidelines In China, Fengjun Jin, Zhuo Chen, Jie Fan
Bulletin of Chinese Academy of Sciences (Chinese Version)
The overall strategy of the “four major sectors”, the regional major strategies and the major functional oriented zoning strategy have strongly supported the regional coordinated development in China. However, it also brings the risk of exacerbating the imbalance and incoordination of regional development due to strategic differences and segmentation. Based on an analysis of the trends in regional coordinated development in China, this study puts forward the layout of China’s comprehensive function regions, which divides the mainland of China into 10 regions: the Beijing-Tianjin-Hebei region, the Yangtze River Delta region, the middle reaches of Yangtze River basin, the upper reaches …
Strategic Priorities Of China's Urbanized Areas During 15th Five-Year Plan Period, Wei Qi, Jie Fan, Jiaming Li, Yu Li
Strategic Priorities Of China's Urbanized Areas During 15th Five-Year Plan Period, Wei Qi, Jie Fan, Jiaming Li, Yu Li
Bulletin of Chinese Academy of Sciences (Chinese Version)
Urbanized areas are areas whose main function is to provide industrial and service products. During the 15th Five-Year Plan period, the urbanization rate of China’s population will exceed 70 percent, thus entering a long-time stage of high urbanization levels. The strategic positioning of urbanized areas will be defined as county-level administrative districts with a high concentration of scientific and technological innovation resources, new quality productivity, and new-type industrialization. In terms of strategic layout, the scope of urbanized areas will be optimized to promote the concentration of population and economy in urban agglomerations, metropolitan areas, and central cities, and to strengthen …
Research On Cohesion Strategy Of Land-Sea Functional Oriented Zoning Based On Perspective Of Land-Sea Coordination, Chengjin Wang, Zhaoyang He
Research On Cohesion Strategy Of Land-Sea Functional Oriented Zoning Based On Perspective Of Land-Sea Coordination, Chengjin Wang, Zhaoyang He
Bulletin of Chinese Academy of Sciences (Chinese Version)
The marine-terrestrial interlaced zone serves as a crucial spatial hub linking the functional zoning of both land and sea areas. Optimizing the ecological function, economic function, and national security function of the marine-terrestrial interlaced zone is of significant importance for promoting the coordination between land and sea functional oriented zoning and achieving their mutual beneficial interaction. It also contributes to enhancing the economic, social, and environmental benefits, effectively allocating resources, and advancing social sustainability. Building upon the clarification of the current development status and characteristics of China’s marine-terrestrial interlaced zone, the research systematically examines the key issues existing in the …
Improve Policy System Of Main Functional Zones In National Spatial Planning, Fan Qi, Siqi Qiu, Chengshuangping Zhao, Jianglong Chen, Siyu Shao, Bangrui Liu
Improve Policy System Of Main Functional Zones In National Spatial Planning, Fan Qi, Siqi Qiu, Chengshuangping Zhao, Jianglong Chen, Siyu Shao, Bangrui Liu
Bulletin of Chinese Academy of Sciences (Chinese Version)
This study analyzes in detail the effectiveness and existing problems of the current policy implementation of the main functional zone in the “multi planning and integration” national land spatial planning system, and proposes an overall idea of systematizing, differentiating, coordinating, and incentivizing the policy system of the main functional zone in the new era of national land spatial governance. From the perspectives of strengthening the top-level design of policy systems, classifying and improving policy tools for the main functional zone, strengthening comprehensive policy coordination, and improving policy implementation evaluation mechanisms, the policy recommendations are proposed for improving and implementing the …
The Big Bills Are Still There: What Stands Between Credentials And Calling?, Paul R. Koch
The Big Bills Are Still There: What Stands Between Credentials And Calling?, Paul R. Koch
Scholar Week 2016 - present
In 1996, the late Mancur Olson, of the University of Maryland, wrote an article in the Journal of Economic Perspectives entitled "Big Bills Left on the Sidewalk." The title refers to an old joke among economists about whether or not market processes of voluntary exchange exhaust all possibilities for mutually beneficial trades. Olson went on to draw a distinction between marketable human capital, where the development of skills and habits normally increases money income in a direct manner, and public good human capital, where income is affected indirectly through the effect on public policies and institutions. Consistent with the traditional …