Economics Commons^™

2008 Hes Presidential Address: We're All "Persons" Now: Classical Economists And Their Opponents On Marriage, The Franchise, And Socialism, Sandra J. Peart

Jepson School of Leadership Studies articles, book chapters and other publications

My purpose is to paint a broad brush narrative—it will have some visual representations as well—of how nineteenth-century political economists and their critics confronted a set of basic and related questions: Are men and women equally capable of self governance? Are they equally able to decide when and whom to marry and how many children to have? Can they be trusted equally to cast a ballot? Is their right to property inviolate or might new arrangements be designed and adopted for the production and distribution of wealth?

This is a story interwoven with extraordinary characters: John Stuart Mill will be …

Writing On Marx's Theory Of Money, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Roche, J. (1985). Marx’s theory of money: A re-interpretation. Review of Radical Political Economics, 17(1–2).
• Lavoie, D. (1986). Marx, the quantity theory, and the theory of value. History of Political Economy, 18(1).
• Mason, W. E. (1982). The labor theory of value and gold: Real and nominal standards of value—and implications for the current reconsideration of the gold standard. History of Political Economy, 14(4).
• Wolfson, M. (1988). Comment: Marx, the quantity theory, and the theory of value. History of Political Economy, 20(1).
• Arnon, A. (1984). Marx’s theory of money: The formative years. History of …

Ape 2, Production And Exchange, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Production, labor time and costs graphs [Two-page graph packet on productivity, output, labor and machine coefficients, shift combinations, and engineering capacity]. (n.d.).
• Shaikh, A. (2009, February 19). Production and exchange [Annotated chapter draft].
• Standard view / classical view [Diagram sheet contrasting accounts of production, labor, products, and exchange]. (n.d.).
• Production and cost coefficients data table [Spreadsheet printout of shift outputs, wage bills, material costs, and cost measures]. (n.d.).
• Production and cost coefficients illustrations, figures 4.1-4.13 [Incomplete annotated graph packet with multiple spreadsheet-version labels]. (n.d.).
• Shaikh, A. (2000, September). The importance of working time in Marx's analysis [One-page …

Keeping Dictators Honest: The Role Of Population, Quoc-Anh Do, Filipe R. Campante

Research Collection School Of Economics

In order to explain the apparently paradoxical presence of acceptable governance in many non-democratic regimes, economists and political scientists have focused mostly on institutions acting as de facto checks and balances. In this paper, we propose that population plays a similar role in guaranteeing the quality of governance and redistribution. We argue and demonstrate with historical evidence that the concentration of population around the policy making center serves as an insurgency threat to a dictatorship, inducing it to yield to more redistribution and better governance. We bring this centered concept of population concentration to the data through the Centered Index …

Extreme Neo-Liberalism: An Introduction, Stefano Harney

Research Collection Lee Kong Chian School Of Business

During the Historical Materialism Conference (2009), Stefano Harney gave a talk within an ephemerasession on ‘Politics in the Business School’ which we organised in preparation for this special issue. Thispiece offers a full transcription of that talk and is prefaced here by some introductory remarks fromStefano. The question and answer session which followed the talk has also been made available online asan audio file. Special thanks are due to Demet Dimler for inviting ephemera to organise a session atHistorical Materialism, to Matteo Mandarini for chairing the session, to Tim Edkins for recording thesession and to Alison Shalaby for transcribing the …

Instability And The Incentives For Corruption, Filipe R. Campante, Davin Chor, Quoc-Anh Do

Research Collection School Of Economics

We investigate the relationship between corruption and political stability, from both theoretical and empirical perspectives. We propose a model of incumbent behavior that features the interplay of two effects: a horizon effect, whereby greater instability leads the incumbent to embezzle more during his short window of opportunity, and a demand effect, by which the private sector is more willing to bribe stable incumbents. The horizon effect dominates at low levels of stability, because firms are unwilling to pay high bribes and unstable incumbents have strong incentives to embezzle, whereas the demand effect gains salience in more stable regimes. Together, these …

Explaining The Deadlock Of Military Modernization In Taiwan During 2001 To 2007: A Political-Economic Analysis, Pei-Shiue Hsieh

All-Inclusive List of Electronic Theses and Dissertations

This thesis tries to explain why the Taiwanese have postponed several critical defense plans for seven years while China's threat toward Taiwan is increasing year by year. Many observers and scholars relate the deadlock over arms procurement in Taiwan to domestic political struggles since the DPP is not the majority party in the Legislative Yuan and opposition parties, such as the Kuomintang (KMT) and the People First Party (PFP), have repeatedly boycotted President Chen Shui-bian's policies. However, I found that domestic politics is insufficient for explaining such a deadlock. Rather, the U.S.China- Taiwan triangular relationship, including the variation of the …

Washington Heights/Inwood Demographic, Economic, And Social Transformations 1990 – 2005 With A Special Focus On The Dominican Population, Laird W. Bergad

Center for Latin American, Caribbean, and Latino Studies

Introduction: This report examines demographic and socioeconomic factors concerning New York City based Latinos in Washington Heights and Inwood – particularly Dominicans.

Methods: Data on Latinos and other racial/ethnic groups were obtained from the U.S. Census Bureau American Community Survey, reorganized for public use by the Minnesota Population Center, University of Minnesota, IPUMSusa. Cases in the dataset were weighted and analyzed to produce population estimates.

Results: Since the 1980s the upper Manhattan neighborhood of Washington Heights/Inwood has been transformed by the immigration of a large Latino population of whom Dominicans have been the most prominent national group. Latinos made up …

Can Public Debt Enhance Democracy?, Clayton P. Gillette

William & Mary Law Review

This Essay draws on historical and current examples to examine the extent to which public creditors can enhance democracy by monitoring public officials in a manner that compensates for the failures of the government debtor's constituents to monitor public officials. Creditors and constituents may share significant interests, depending on the structure of security arrangements for public debt and the identity of the debtors. Where interests overlap, the capacity of creditors to overcome collective action problems suffered by constituents may transform creditors into surrogates for constituents. Whether creditors are willing to play this role, however, may depend on the existence of …

Modeling The Economic Impacts Of Large Deployments On Local Communities, Aaron L. Gregory

Theses and Dissertations

The Global War on Terrorism has required the large scale deployment of active-duty troops to support operations in Afghanistan and Iraq. This thesis presents an economic analysis of the impacts these deployments have had on local communities as measured by changes in local retail sales. County level data from Colorado, Kansas, North Carolina, and Tennessee were combined with open source deployment information to construct panel models. Panel model analysis is a form of regression that combines cross-sectional and time-series dimensions. Seasonality and general economic conditions were also incorporated into the model. The goal of this research is to provide an …

Relative Inflation-Forecast As Monetary Policy Target For Convergence To The Euro, Lucjan T. Orlowski

WCBT Faculty Publications

A monetary policy framework based on targeting a relative inflation-forecast is proposed for the economies converging to the euro. Such strategy aims at containing the differentials between the domestic and the implicit monetary union inflation-forecasts. Hence, these differentials become a basis for setting an operational policy target. The proposed framework can be viewed as an extension of flexible inflation targeting that prioritizes low and stable inflation over the exchange rate stability. It is believed to be consistent with the Maastricht convergence criteria and can be implemented in concurrence with the exchange rate stability benchmark for the ERM2. Several empirical tests …

Aristotle's Difficult Relationship With Modern Economic Theory, Spencer J. Pack

Economics Faculty Publications

This paper reviews Aristotle's problematic relationship with modern economic theory. It argues that in terms of value and income distribution theory, Aristotle should probably be seen as a precursor to neither classical nor neoclassical economic thought. Indeed, there are strong arguments to be made that Aristotle's views are completely at odds with all modern economic theory, since, among other things, he was not necessarily concerned with flexible market prices, opposed the use of money to acquire more money, and did not think that the unintended consequences of human activity were generally beneficial. The paper argues however, that this interpretation goes …

Paying Teachers To Earn Advanced Degrees: Evidence On Student Performance In Georgia, Noel D. Campbell, Edward J. Lopez

Faculty Publications

No abstract provided.

The Labor Market Of Italian Politicians, Antonio Merlo, Vincenzo Galasso, Massimiliano Landi, Andrea Mattozzi

Research Collection School Of Economics

We analyze the career profiles of Italian legislators in the post-war period. Using a unique, newly collected dataset that contains detailed information on all the politicians who have been elected to the Italian Parliament between 1948 and 2008, we address a number of important issues that pertain to their career paths prior to election to Parliament, their parliamentary careers, and their post-Parliament employment. Our data span two institutional regimes: Italy's First Republic (1948-1994) and the Second Republic (1994-present), characterized by different electoral rules and party structures. We first present a brief overview of the Italian political system. We then provide …

The Rise Of Agrarian Capitalism With Chinese Characteristics: Agricultural Modernization, Agribusiness And Collective Land Rights, Qian Forrest Zhang, John A. Donaldson

Research Collection School of Social Sciences

The article discusses the agricultural transformation taking place in the rural areas of China. Details about the Chinese laws regarding rural reform and the effect they have had on rural Chinese farmers and families are included. The authors examine the expansion of agrarian capitalism in China and describe the rise of agribusiness in rural Chinese areas. The practices of Chinese agribusinesses and the Chinese land rights laws are explored. The relationships between individual farmers and agribusinesses is also examined.

A Difusão Do Orçamento Participativo Brasileiro: ‘Boas Práticas' Devem Ser Promovidas?, Brian Wampler

Political Science Faculty Publications and Presentations

The "third wave" of democratization has been accompanied by the spread of new institutions that allow citizens to deliberate and decide policy outcomes. Leading international organizations, such as the World Bank and the United Nations, have disseminated "best practice" programs identified with "good government" policy reform efforts. One of the most well-known programs, Participatory Budgeting (PB), was first adopted by Brazil's Workers' Party (PT) in 1989 as a means to promote social justice, accountability, and transparency. There has been widespread adoption of PB in Brazil, led by the PT. Yet, by 2001, nearly half of PB programs had been adopted …

Information Aggregation In Polls, John Morgan, Phillip C. Stocken

Dartmouth Scholarship

We study information transmission via polling. A policymaker polls constituents, who differ in their information and ideology, to determine policy. Full revelation is an equilibrium in a poll with a small sample, but not with a large one. In large polls, full information aggregation can arise in an equilibrium where constituents endogenously sort themselves into centrists, who respond truthfully, and extremists, who do not. We find polling statistics that ignore strategic behavior yield biased estimators and mischaracterize the poll's margin of error. We construct estimators that account for strategic behavior. Finally, we compare polls and elections.

Grasping The Small: The Political Economy Of Growth, Poverty And The Role Of The State In Two Chinese Provinces, John A. Donaldson

Research Collection School of Social Sciences

No abstract provided.

Economic Inequality In The New European Union: Are Monetary Policies In The European Union Unfair For Certain Countries?, Gregory Eric Banach

Dissertations

This research is focused on the affect one uniform monetary policy will have on the less developed countries that entered the European Union (EU) in 2004. One of the challenges facing the new entrants involves the required implementation of monetary policy goals, even though these new entrants do not have a vote on how the monetary policy is determined. Monetary policy in the EU is the responsibility of the European Central Bank (ECB) who has a stated goal price stability. It is possible to use the Taylor Rule to test whether the ECB focuses on price stability for both old …

Money Is Time: The Monetary Expression Of Value In Marx's Theory Of Value, David Kristjanson-Gural

Faculty Journal Articles

In this article, I derive the monetary expression of value based upon commodity money and use it to translate values and exchange values from units of labor into units of money. While this analysis has been done at the initial stage of Marx’s analysis where he assumes that commodities exchange in proportion to their values, I derive the monetary expression of value at the more developed stage of Marx’s 10 analysis where commodities exchange according to prices of production. I then develop a macroeconomic measure of the monetary expression of value and link the micro- and macroeconomic determination of the …

Voting In Kenya: Putting Ethnicity In Perspective, Michael Bratton, Mwangi S. Kimenyi

Economics Working Papers

Do Kenyans vote according to ethnic identities or policy interests? Based on results from a national probability sample survey conducted in the first week of December 2007, this article shows that, while ethnic origins drive voting patterns, elections in Kenya amount to more than a mere ethnic census. We start by reviewing how Kenyans see themselves, which is mainly in non-ethnic terms. We then report on how they see others, whom they fear will organize politically along ethnic lines. People therefore vote defensively in ethnic blocs, but not exclusively. In Decem- ber 2007, they also took particular policy issues into …

Why Is The Oecd Involved In The Heiligendamm Process?, Richard Woodward

Books/Book Chapters

No abstract provided.

Japan And The World: Japan’S Contemporary Geopolitical Challenges – A Volume In Honor Of The Memory And Intellectual Legacy Of Asakawa Kan’Ichi, Frances Rosenbluth, Masaru Kohno

CEAS Occasional Publication Series

Yale CEAS Occasional Publication Series - Volume 2

The Political Economy Of South Korea: Economic Growth, Democratization, And Financial Crisis, Uk Heo, Houngcheul Jeon, Hayam Kim, Okjin Kim

Maryland Series in Contemporary Asian Studies

No abstract provided.

Incumbent Deviations From Constituents: Further Tests, Noel D. Campbell, Edward J. Lopez, Tammy Rogers

Faculty Publications

No abstract provided.

An Economic Approach To Climate Change, Matt Bogard

Economics Faculty Publications

Economics is the study of choices, and how they are made compatible. The issue of global warming can be viewed in the context of a set of choices that lead to climate change. In a free society choices are made compatible via the price system. If prices do not reflect the true cost of carbon, then carbon intensive production and consumption choices may not be compatible given the choice sets across all members of society. For example, my choice to burn fossil fuels may be incompatible with your choice to live in a coastal area given certain climate change scenarios. …

Derail The Federal Gravy Train: A Normative Audit Of America's Economic Policy Debate, Don P. Diffine Ph.D.

Belden Center Monographs

No abstract provided.

2008 American Incentive System Almanac, Don P. Diffine Ph.D.

Belden Center Monographs

No abstract provided.

Ron Findlay Power & Plenty And Other Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2008, April 2). Ron Findlay: Power & plenty [Unpublished handwritten manuscript].

• Shaikh, A. (n.d.). ICI panel: Summary [Unpublished handwritten manuscript; Achin Vanaik noted as possible author; Delhi].

• Shaikh, A., & Subasat, T. (2001, June). Email correspondence on comparative advantage and absolute advantage theories [Email correspondence].

Moving Beyond Markets And Minimalism: Democracy In The Era Of Globalization, Richard Burchill

Human Rights & Human Welfare

A review of:

Democracy as Human Rights: Freedom and Equality in the Age of Globalization by Michael Goodhart. London: Routledge, 2005.