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Articles 481 - 510 of 533

Full-Text Articles in Economics

Interpretation Of Interpersonal Utility Comparisons: Positive, Normative Or Descriptive, John B. Davis Jul 1992

Interpretation Of Interpersonal Utility Comparisons: Positive, Normative Or Descriptive, John B. Davis

Economics Faculty Research and Publications

While interpersonal utility comparisons are indispensable to the determination of utility maxima, their interpretation as either normative or positive produces awkward conclusions. This paper alternatively reinterprets interpersonal utility comparisons as descriptive and value-laden rather than as either normative or positive. On this basis they are characterized as functional concepts, and are thus argued to be objective. This treatment suggests that it is possible to derive evaluative statements from descriptive ones, contrary to the usual view of the is-ought problem. Recent philosophy of language results are employed to support these views.


Review Of Profit And Enterprise: The Political Economy Of Profit, John B. Davis Jun 1992

Review Of Profit And Enterprise: The Political Economy Of Profit, John B. Davis

Economics Faculty Research and Publications

No abstract provided.


Economic Summit Declarations, 1975-1989: Examining The Written Record Of International Cooperation, George M. Von Furstenberg, Joseph P. Daniels Feb 1992

Economic Summit Declarations, 1975-1989: Examining The Written Record Of International Cooperation, George M. Von Furstenberg, Joseph P. Daniels

Economics Faculty Research and Publications

This study audits commitments contained in economic declarations made following fifteen annual economic summit meetings of the United States, Japan, Germany, France, the United Kingdom, Italy, and Canada from 1975 to 1989. It concludes that country executives make commitments in good faith but that subsequent compliance is impeded domestically by lack of control over the instruments of implementation and internationally by the absence of specified supporting policies or acts of international coordination. In addition, the language used in the declarations necessarily reflects the exigencies of diplomacy and is therefore usually imprecise. Even though the credibility of summit undertakings is generally …


Atomism, Identity Criteria, And Impossibility Logic, John B. Davis Jan 1992

Atomism, Identity Criteria, And Impossibility Logic, John B. Davis

Economics Faculty Research and Publications

No abstract provided.


Analyzing Income Tax Evasion Using Amnesty Data With Self-Selection Correction: The Case Of The Michigan Tax Amnesty Program, Steven E. Crane, Farrokh Nourzad Jan 1992

Analyzing Income Tax Evasion Using Amnesty Data With Self-Selection Correction: The Case Of The Michigan Tax Amnesty Program, Steven E. Crane, Farrokh Nourzad

Economics Faculty Research and Publications

No abstract provided.


Adam Smith's Influence On Hegel's Philosophical Writings, James P. Henderson, John B. Davis Oct 1991

Adam Smith's Influence On Hegel's Philosophical Writings, James P. Henderson, John B. Davis

Economics Faculty Research and Publications

No abstract provided.


Review Of The Awakening Of The Soviet Union By Geoffrey Hosking, Abdur Chowdhury Apr 1991

Review Of The Awakening Of The Soviet Union By Geoffrey Hosking, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.


The Urbanization Deflator Of The Gnp, 1919-1984: Reply, Haim Ofek, David E. Clark, James R. Kahn Apr 1991

The Urbanization Deflator Of The Gnp, 1919-1984: Reply, Haim Ofek, David E. Clark, James R. Kahn

Economics Faculty Research and Publications

No abstract provided.


Keynes And Philosophy: An Introduction, Bradley W. Bateman, John B. Davis Mar 1991

Keynes And Philosophy: An Introduction, Bradley W. Bateman, John B. Davis

Economics Faculty Research and Publications

No abstract provided.


Was The 1983-84 Recovery Due More To Demand Or Supply Shocks?, Farrokh Nourzad Jan 1991

Was The 1983-84 Recovery Due More To Demand Or Supply Shocks?, Farrokh Nourzad

Economics Faculty Research and Publications

No abstract provided.


Keynes's View Of Economics As A Moral Science, John B. Davis Jan 1991

Keynes's View Of Economics As A Moral Science, John B. Davis

Economics Faculty Research and Publications

No abstract provided.


The Slowdown In Soviet Defense Expenditures: Comment, Abdur Chowdhury, Josef C. Brada, Ronald L. Graves Oct 1990

The Slowdown In Soviet Defense Expenditures: Comment, Abdur Chowdhury, Josef C. Brada, Ronald L. Graves

Economics Faculty Research and Publications

The reason for the apparently opposing results in Brada and Graves' (1988) attempt to explain the reasons for the slowdown in USSR defense expenditures in the mid-1970s is that their analysis suffers from a serious serial correlation problem. The majority of the regressions display Durbin-Watson statistics that reject the null hypothesis of no autocorrelation. A reestimation of their results, after correcting for serial correlation, changes some of their major conclusions regarding the factors influencing Soviet defense spending. The corrected results indicate that no structural break occurred in the mid-1970s. These results suggest that there has been no change in Soviet …


Review Of Perestroika And The Economy: New Thinking On Soviet Economics By Anthony Jones And William Moskoff, Abdur Chowdhury Jul 1990

Review Of Perestroika And The Economy: New Thinking On Soviet Economics By Anthony Jones And William Moskoff, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.


Tax Rates And Tax Evasion: Evidence From California Amnesty Data, Steven E. Crane, Farrokh Nourzad Jun 1990

Tax Rates And Tax Evasion: Evidence From California Amnesty Data, Steven E. Crane, Farrokh Nourzad

Economics Faculty Research and Publications

The effect of marginal tax rates on income tax evasion is examined using data from the California Tax Amnesty Program, which provided amnesty for people who had not filed returns, had filed inaccurate returns, or were delinquent in paying their tax liabilities. People under criminal investigation were not eligible. After correcting for the selectivity bias, it was found that tax evaders respond to higher marginal tax rates by increasing their evasion activity. The results also confirm the theoretical prediction that people with higher levels of income tend to evade more. The absolute and relative sizes of income and tax rate …


Cooter And Rappoport On The Normative, John B. Davis Apr 1990

Cooter And Rappoport On The Normative, John B. Davis

Economics Faculty Research and Publications

In a recent examination of the origins of ordinal utility theory in neoclassical economics, Robert D. Cooter and Peter Rappoport argue that the ordinalist revolution of the 1930s, after which most economists abandoned interpersonal utility comparisons as normative and unscientific, constituted neither unambiguous progress in economic science nor the abandonment of normative theorizing, as many economists and historians of economic thought have generally believed (Cooter and Rappoport, 1984). Rather, the widespread acceptance of ordinalism, with its focus on Pareto optimality, simply represented the emergence of a new neoclassical research agenda that, on the one hand, defined economics differently than had …


Review Of Money, History, And International Finance: Essays In Honor Of Anna J. Schwartz By Michael D. Bordo, Abdur Chowdhury Apr 1990

Review Of Money, History, And International Finance: Essays In Honor Of Anna J. Schwartz By Michael D. Bordo, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.


Comments On The Rhetoric Project In Methodology, John B. Davis Jan 1990

Comments On The Rhetoric Project In Methodology, John B. Davis

Economics Faculty Research and Publications

No abstract provided.


Clark A. Warburton (1896-1979), John B. Davis Jan 1990

Clark A. Warburton (1896-1979), John B. Davis

Economics Faculty Research and Publications

No abstract provided.


Monetary And Fiscal Policy As A Stabilization Tool: The Case Of Korea And Turkey, Abdur Chowdhury Apr 1989

Monetary And Fiscal Policy As A Stabilization Tool: The Case Of Korea And Turkey, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.


Money Demand And The Effects Of Fiscal Policies: A Comment, Farrokh Nourzad, James Mcgibany Nov 1988

Money Demand And The Effects Of Fiscal Policies: A Comment, Farrokh Nourzad, James Mcgibany

Economics Faculty Research and Publications

No abstract provided.


Changes In R&D Expenditure And Productivity Growth: A Causal Analysis, Mawdudur Rahman, Abdur Chowdhury Apr 1988

Changes In R&D Expenditure And Productivity Growth: A Causal Analysis, Mawdudur Rahman, Abdur Chowdhury

Economics Faculty Research and Publications

A study was conducted to directly test the presence of causal relationship between changes in research and development (R&D) expenditure and productivity growth. Granger causality tests are performed using annual time series data for the period 1956-1983. Three measures of productivity are used -- National Income, National Income per person employed, and National Income per hour of work in the nonresidential business sector. Results show that changes in R&D expenditure affect the growth rate of the 3 productivity measures with different degrees of intensity. National Income per hour of work shows the highest growth rate, with the peak effect occurring …


The Infant Mortality-Fertility Debate: Some International Evidence, Abdur Chowdhury Jan 1988

The Infant Mortality-Fertility Debate: Some International Evidence, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.


Amnesty For State Tax Evaders: Lessons From The California Experience, Steven E. Crane, Farrokh Nourzad Jan 1988

Amnesty For State Tax Evaders: Lessons From The California Experience, Steven E. Crane, Farrokh Nourzad

Economics Faculty Research and Publications

No abstract provided.


City Size, Quality Of Life, And The Urbanization Deflator Of The Gnp: 1910-1984, David E. Clark, James R. Kahn, Haim Ofek Jan 1988

City Size, Quality Of Life, And The Urbanization Deflator Of The Gnp: 1910-1984, David E. Clark, James R. Kahn, Haim Ofek

Economics Faculty Research and Publications

No abstract provided.


On The Treatment Of Income Tax Rates In Empirical Analysis Of Tax Evasion, Steven E. Crane, Farrokh Nourzad Aug 1987

On The Treatment Of Income Tax Rates In Empirical Analysis Of Tax Evasion, Steven E. Crane, Farrokh Nourzad

Economics Faculty Research and Publications

In this paper, it is argued that average tax rates exert an influence on income tax evasion separate from, and opposite to that of marginal tax rates. Failure to account for this effect in empirical evasion models biases the parameter estimate of the marginal rate in a predictable manner. Evidence from an aggregate empirical model of evasion in the US indicates that the marginal tax rate is positively related to evasion, whereas the average tax rate is negatively related. Further, exclusion of the average rate from the model does in fact bias the parameter estimate of the marginal tax rate.


Monetary Aggregates As A Target Variable: A Comment, Abdur Chowdhury Jul 1987

Monetary Aggregates As A Target Variable: A Comment, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.


A Reexamination Of The Effect Of Rapid Military Spending On Inflation, Farrokh Nourzad Jul 1987

A Reexamination Of The Effect Of Rapid Military Spending On Inflation, Farrokh Nourzad

Economics Faculty Research and Publications

The hypothesis that rapid defense buildups contribute to inflation recently has been rejected by Donald F. Vitaliano. In this paper, it is argued that this result is misleading, given that it is obtained under the implausible assumption of constancy of the expected real rate of interest. The hypothesis is reexamined using a well-known measure of the expected inflation rate, and it is found that growth of defense spending has a statistically significant positive effect on the rate of price inflation.


Review Of Advances In Monetary Economics By David Currie, Abdur Chowdhury Jan 1987

Review Of Advances In Monetary Economics By David Currie, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.


Interest Rate Volatility And The Demand For Money, James Mcgibany, Farrokh Nourzad Oct 1986

Interest Rate Volatility And The Demand For Money, James Mcgibany, Farrokh Nourzad

Economics Faculty Research and Publications

No abstract provided.


Monetary Policy, Fiscal Policy, And Aggregate Economic Activity In Korea, Abdur Chowdhury Sep 1986

Monetary Policy, Fiscal Policy, And Aggregate Economic Activity In Korea, Abdur Chowdhury

Economics Faculty Research and Publications

No abstract provided.