Social and Behavioral Sciences Commons^™

Women's Stories, W. E. B. Du Bois Papers Data, Blake Spitz

University Libraries Presentations Series

The UMass Amherst department of Special Collections and University Archives (SCUA) collects original materials that document the histories and experiences of social change in America and the organizational, intellectual, and individual ties that unite disparate struggles for social justice, human dignity, and equality. SCUA’s decision to adopt social change as a collecting focus emerged from our holding of the W.E.B. Du Bois Papers, and one of Du Bois’s most profound insights: that the most fundamental issues in social justice are so deeply interconnected that no movement — and no solution to social ills — can succeed in isolation. I …

Moving Archival Instruction Online - Creating Asynchronous, Interactive, Accessible, Multimodal Playlist-Style Lesson Plans, Blake Spitz

University Libraries Presentations Series

In this presentation I share the results of my deep-dive into the worlds of online teaching pedagogy, technology for accessible and active online learning, and best practices for teaching with digitized primary sources; my technology selections, for DIY (at home) creation of accessible videos and screencasts, questionnaires, and interactive spaces; and focus on my final product, a hyperlinked (hyperdoc) playlist style asynchronous lesson plan, with diverse information presentation modes, interactive activities, and some student choice. This lesson plan is easily adaptable by adding, editing, or removing various components for different class groups, and is in several formats to help increase …

Can Commodities Be Substances Of Value?, Deepankar Basu

Economics Department Working Paper Series

The Marxian labour theory of value considers labour as the only substance of value. The generalized commodity exploitation theorem (GCET) purports to demonstrate that many other commodities can be substances of value. This note argues that the GCET is based on two conceptual flaws: (a) failure to distinguish labour and labour-power; and (b) failure to distinguish labour-power and other commodities. Once these flaws are corrected, it is easy to show that commodities cannot function as the substances of value. Only labour can be the substance of value.

Government Policy’S Influence On Shadow Banking In China, Sara Hsu

PERI Working Papers

Shadow banking in China has been viewed by government officials and industry experts as illegitimate finance, but as a key means of financing by others. For the former, the industry has been seen as overly risky, potentially undermining the formal financial system. The latter see shadow banking as an increasingly important part of the financial system, filling a gap in the provision of finance to particular sectors and smaller firms.

In this paper, we seek to understand the effect of government views on shadow banking by analyzing the impact of government regulation on the shadow banking and non-shadow banking financial …

Monetizing Public Debt In Japan: An Empirical Critique Of Modern Money Theory, Junji Tokunaga

PERI Working Papers

Is Japan really a ‘success’ case that supports the Modern Money Theory (MMT) framework? The Bank of Japan (BOJ), the country’s central bank, has conducted more aggressive monetary quantitative easing since April 2013, which could effectively allow the Japanese government to monetize its cheaper public borrowing. This paper argues that the economic and financial situations in Japan have provided little support for the MMT view, for these reasons: (i) The huge issuance of public debt by the government and the large-scale supply of monetary base by the BOJ did not create enough new money required to revive the economy as …

Intra-City Inequalities, Neighborhoods And Economic Development, Sripad Motiram, Vamsi Vakulabharanam

PERI Working Papers

How do neighborhood characteristics influence economic development? How do social cleavages operate within cities in developing countries? This study is among the first of its kind to be conducted in the developing world, and focuses on India to provide answers. Given the limitations of publicly available sources of secondary data, we rely on a spatially representative household survey that we designed and conducted in the cities of Hyderabad and Mumbai. We conduct an inequality decomposition exercise to show that a substantial portion of intra-city income inequality is explained by social cleavages such as classes and social groups (caste and religion). …

State Or Market? How To Effectively Decrease Alcohol-Related Crash Fatalities And Injuries, Jose I. Nazif-Muñoz, Brice Batomen, Youssef Oulhote, Arijit Nandi

Biostatistics and Epidemiology Faculty Publications Series

Background It is estimated that more than 270 000 people die yearly in alcohol-related crashes globally. To tackle this burden, government interventions, such as laws which restrict blood alcohol concentration (BAC) levels and increase penalties for drunk drivers, have been implemented. The introduction of private-sector measures, such as ridesharing, is regarded as alternatives to reduce drunk driving and related sequelae. However, it is unclear whether state and private efforts complement each other to reduce this public health challenge.

Methods We conducted interrupted time-series analyses using weekly alcohol-related traffic fatalities and injuries per 1 000 000 population in three urban conglomerates …

A Marxian Model Of Market For Money Capital: Profit Rate, Interest Rate, And Leverage Ratio, Hyun Woong Park

Economics Department Working Paper Series

In this paper, I develop a Marxian model of market for money capital populated by capitalists equipped with equal money capital endowment but with heterogeneous linear production technology. Due to a maximization of return on equity, capitalists with relatively weak technology, yielding profit rate lower than interest rate, become a money capitalist (lender) and capitalists with relatively strong technology, yielding profit rate greater than interest rate, become an industrial capitalist (borrower). The equilibrium interest rate is derived by the associated demand and supply relation. In this context, Marx’s notion of the role of credit system in an expanded reproduction of …

What To Make Of The Kaldor-Verdoorn Law?, Deepankar Basu, Manya Budhiraja

Economics Department Working Paper Series

The Kaldor-Verdoorn law refers to a positive but less than one-for-one relationship between the growth rates of output and labor productivity, with causality running from the former to the latter. Empirical research has affirmed such a relationship and have found that the Kaldor-Verdoorn coefficient lies between 0 and 1. But the interpretation of this finding remains unclear. In this paper, we present a model to derive the Kaldor-Verdoorn law. Our results show that the Kaldor-Verdoorn coefficient is jointly determined by the elasticity of factor substitution, labor supply elasticity, the profit share and the increasing returns to scale (or demand-induced technical …

Large Devaluations And Inflation Inequality: Evidence From Brazil, Raphael Rocha Gouvea

Economics Department Working Paper Series

In the aftermath of large devaluations, prices of tradable goods and lower-priced varieties increase significantly more than the prices of nontradables and higher-priced varieties. These relative price changes may lead to inflation inequality when household consumption baskets are different across the distribution of income. Using Cravino and Levchenko [2017]’s methodology, we show that inflation for poor households in Brazil was at least 11 percentage points higher than for rich ones in the aftermath of the 2002 large devaluation. A detailed case study of the City of São Paulo estimates an inflation inequality ranging from 8 to 11 percentage points in …