Economics Commons^™

Working Paper No. 89, Towards A Veblenian View Of The Digital Realm, Tanner Weber

Working Papers in Economics

This inquiry seeks to establish that Thorstein Veblen’s writings offered insights that could assist us in understanding the digital realm in contemporary times. Through advancing his thinking for dealing with the instincts of idle curiosity and workmanship, in particular, Veblen provided an understanding of capital as technologies, especially, that should be valued as contributions to the common and joint stocks of knowledge. Back in his day, Veblen’s understanding of capital, ownership, and private property offered ways for us to think of some of the potential usages of technology as well as a range of possibilities for sabotage. What …

Working Paper No. 93, The Father, The Son, And The ‘Sulphuric’ Spirit: Reflections Upon Gunnar Myrdal's Early Writings Dealing With J. M. Keynes, Plus The ‘Great Recession’, Niccolo Cellini

Working Papers in Economics

This inquiry explores Gunnar Myrdal's contributions to counter-cyclical fiscal policy, emphasizing his belief in accumulating surpluses during economic growth and deploying them during downturns. The first section discusses Myrdal's critique of traditional austerity measures, advocating for transparency in deficit spending and highlighting the psychological impact of fiscal policy. The second section compares Myrdal’s views with John Maynard Keynes’, noting their shared concerns regarding unemployment while emphasizing Myrdal's focus on social equity and institutional reform. The final section applies Myrdal’s framework to the U.S. response to the Great Recession, analyzing the limitations of the American Recovery and Reinvestment Act (ARRA) and …

Working Paper No. 94, Franklin Roosevelt, His New Deal Policies, And The Ending Of Laissez-Faire, Amanda F. Worman

Working Papers in Economics

This inquiry seeks to establish that what were widely known and recognized as Franklin Roosevelt’s distinct ‘New Deal’ policies sought to offset some of the disruptive effects associated with the ending of Laissez-faire. Roosevelt’s upbringing, education, as well as his entry into the political sphere¾ starting out in New York State¾helped to shape the economic thinking that would later provide a foundation for what would become his New Deal policies advanced by his administration during the years of the Great Depression. Actions and policies indicative of Roosevelt’s policy thrust also align with arguments presented by the British economist, John Maynard …

Working Paper No. 90, Social Hierarchies In The Music Industry And Thorstein Veblen's Understanding Of Institutions, Citlactli Carrera López

Working Papers in Economics

This inquiry seeks to establish that Thorstein Veblen’s understanding of institutions could be used to offer insights into social hierarchies found within the music industry. Institutions, as viewed by Veblen, are structures that are influenced by and extensions of habits that provide an understanding of human behavior. Society creates standards which determine the way that the population operates, setting levels of what is considered as correct and incorrect behaviors. Institutions have a way of altering the way society is governed, setting expectations and new mindsets of how people should interact with each other. Through the introduction of new technologies, these …

Working Paper No. 88, Algorithms And Thorstein Veblen’S ‘Machine Process’, Eunji Jang

Working Papers in Economics

This inquiry seeks to establish that the ‘machine process’ which Thorstein Veblen introduced into the Economics literature back in 1904, exhibits similarities to algorithms that are readily found in contemporary times--more than one hundred years on. In The Theory of Business Enterprise [1904] (2005), Veblen defines the machine process as a system that prioritizes efficiency, standardization, and automation. Relatedly, this inquiry argues that algorithms are based upon similar principles and exhibit similar tendencies that yield similar outcomes. Additionally, this inquiry explores the institutional role of algorithms, elaborating upon how their increasing prevalence and solidification might serve to enhance efficiency in …

Working Paper No. 91, The Emergence Of Industrial ‘Sabotage’ In The Evolution American Health Insurance, H. J.

Working Papers in Economics

This inquiry seeks to establish that over the years the American health insurance industry has evolved in the direction of offering more and more disadvantages versus advantages to consumers as holders of insurance policies as well as healthcare products and services. In the tradition of Thorstein Veblen, this tendency should be considered as an institutional evolution that can be traced back in time to its origins in mutual aid societies and lodge practices. With the industrialization of the American economy, the healthcare industry exhibits signs of advancing, and but one indicator of this advance is that insurance plans became formalized. …

Working Paper No. 87, The Double-Edged Sword Of American Philanthropy, Nathan Lewis-Lusso

Working Papers in Economics

This inquiry seeks to establish that American philanthropy, often hailed as a moral virtue, is in part a reflection of systemic policy failures that have forced private individuals to address public needs. While one blade of the philanthropic sword has historically provided essential support in areas such as education, healthcare, and poverty alleviation, the other blade of the sword has also allowed for wealthy individuals to shape public priorities, often reinforcing existing inequalities. By analyzing the historical development of philanthropy, its role in addressing policy gaps, and its potential in undermining democratic governance, this inquiry highlights the complex and often …

Thorstein Veblen: The Independent Thinker Whose Contributions Advanced A Distinct Tradition Of Heterodox Economics, John B. Hall

Economics Faculty Publications and Presentations

Challenging Charles Camic’s perspective, this article argues that Thorstein Veblen’s time at the top amounted to about nineteen years; a fraction of his professional career. While drawing from and building upon challenges associable with a changing world which he faced – related to the ending of Laissez-faire and the rise of big business; the institutions initiated for prosecuting World War I; and the accompanying rise of the vested interests – Veblen’s writings effectively and propitiously provided a solid foundation for an American school of heterodox thought known as Original Institutional Economics.

Equations To Predict Carbon Monoxide Emissions From Amazon Rainforest Fires, Sarah M. Gallup, Bonne Ford, Stijn Naus, John L. Gallup, Jeffrey R. Pierce

Economics Faculty Publications and Presentations

Earth systems models (ESMs), which can simulate the complex feedbacks between climate and fires, struggle to predict fires well for tropical rainforests. This study provides equations that predict historic carbon monoxide emissions from Amazon rainforest fires for 2003–2018, which could be implemented within ESMs’ current structures. We also include equations to convert the predicted emissions to burned area. Regressions of varying mathematical forms are fitted to one or both of two fire CO emission inventories. Equation accuracy is scored on r², bias of the mean prediction, and ratio of explained variances. We find that one equation is best …

Working Paper No. 85, Alexis De Tocqueville And The American Wealth Gap, Chloe Kneedler

Working Papers in Economics

This inquiry seeks to establish that French lawyer and scholar, Alexis de Tocqueville, observed as early as the 1830s, what would later emerge as the American wealth gap. After a nine-month journey that included his traveling through different parts of the nascent United States, Tocqueville wrote a two-volume book titled: Democracy in America [1835]. Over the length of his two volumes, Tocqueville reflects upon his experiences and observations drawn from the American nation in its fifth decade. Throughout this book, Tocqueville described the democratic structure of this country as emblematic of what could be expected from this “New World,” and …

Working Paper No. 86, The Evolution Of Japan's Economy, Kasandra Reyes Fernandez

Working Papers in Economics

This inquiry seeks to establish that already from its feudal era characterized by fiefdoms and kingdoms to its development as a modern nation- state, Japan’s economic history reveals discernible variants of capitalism. Highlighting these variants assist us in defining distinct eras that also offer the observer a sense of the evolution of Japan’s economy. In advancing this thesis, the first part considers differences between variants of capitalism found in the Tokugawa Era and, after 1868, what is designated as the Meiji Era. The focus shall be on the economic foundations of the Tokugawa shogunate versus the nascent industrialization during the …

Working Paper No. 92, Karl Polanyi, Human Labor, And The Working Class, Niccolo Cellini

Working Papers in Economics

This inquiry seeks to establish that Karl Polanyi advanced ideas regarding human labor that we could judge as both seminal and enduring. Through examining his famous book, The Great Transformation, we could draw out three interconnected theses central to his critique of market-oriented economies. Firstly, we could emphasize that Polanyi judges labor as a fictitious commodity, emphasizing distinct aspects associable with labor’s emergence during the industrialization of England. In developing his ideas Polanyi draws upon the historical examples of the Speenhamland System and Frederick Engels' accounts of industrial labor that highlighted the destabilizing effects of embedding labor within …

Working Paper No. 96, Swedish Social Democracy And The ‘Meidner’ Plan, Aden Quenemoen

Working Papers in Economics

This inquiry seeks to establish that what became known as the “Meidner Plan” should be understood as an attempt to resolve contradictions within Swedish Social Democracy through promoting collective ownership. This thesis is demonstrated through a three-part structure. To elucidate the contradictions that gave rise to this policy proposal, part one situates Swedish Social Democracy within the broader social democratic tradition before analyzing its historical development as an economic model. Part two investigates the development of the Meidner Plan as an effort to address these contradictions, analyzing its theory, design, and transformative implications. Finally, part three examines the opposition that …

Patient Preferences And Physician Availability Based On Physician Nativity And International Medical School Attendance, Brigham Walker, Janna Wisniewski, Sarah Tinkler, Miron Stano, Rajiv Sharma

Economics Faculty Publications and Presentations

Roughly a quarter of physicians in the United States are either international medical graduates (IMGs) or foreign-born physicians (FBPs). We propose a theoretical model where patient preferences that disfavor IMGs/FBPs may result in these physicians offering better access to their services compared with non-IMGs/FBPs in equilibrium. We use data from two field experiments to test the predictions from the model: one concerning patient preferences and the other concerning physician availability. In the patient preferences field experiment, we find that patients strongly prefer physicians educated in the United States to IMGs by more than 2-to-1. In the physician availability field experiment, …

Identity And Access: Gender-Based Preferences And Physician Availability In Primary Care, Brigham Walker, Janna Wisniewski, Sarah Tinkler, Jillian Torres, Rajiv Sharma

Economics Faculty Publications and Presentations

Patient preferences for physicians may be influenced by shared characteristics such as gender. We analyzed experimental data from a survey of US adults in which respondents were asked to choose between physician profiles that on average varied only by gender. We find that female patients prefer female physicians to male physicians by 51.8 percentage points (95 % CI: 0.470 to 0.566, p < 0.01), and that result holds across Black, White, and Hispanic sub-groups. With no countervailing preference among male patients, this result holds in the overall sample at 26.8 percentage points (95 % CI: 0.228 to 0.307, p < 0.01). We also analyzed data from a simulated patient field experiment concerning access to primary care appointments and find that female physicians, on average, offer appointments 7.1 days later than male physicians (95 % CI: 5.1 to 9.1, p < 0.01), consistent with the finding that female physicians are preferred. Female physicians’ offices appear to favor female patients, offering appointments to them 2.6 days earlier compared to male patients (95 % CI: -5.3 to 0.195, p = 0.07). However, Hispanic female patients were offered 4.2-percentage-points fewer appointments compared to Hispanic males (95 % CI: -0.069 to -0.014, p < 0.01) by female physicians’ offices. Similarly, Black female patients were told that the physician is “not taking new patients” 3.5 percentage points more often (95 % CI: -0.004 to 0.073, p = 0.08) and were offered appointments that were 2.6 minutes shorter compared …

An Examination Of The Impact Of Court-Appointed Fines And Fees: How Governmental Reliance On These Expenses Is Harming Vulnerable Communities, Rachel Elizabeth Couche

Dissertations and Theses

Fines and fees are commonplace in the United States criminal justice system as a form of punishment for both minor and severe offenses. While substantial research has demonstrated that these financial consequences disproportionately affect certain communities, studies that depict a narrative of these impacts are vastly underrepresented in the field. This project expands upon past literature by delving into the effects of these practices on individuals and their families. The current study outlines the findings from a content analysis of twelve semi-structured interviews on the impacts of fines and fees in Oregon. The findings create a deeper understanding of how …

Wasted Space: Using Parking Lots & Vacant Land To Improve Neighborhood Completeness, Ryan Martyn

Hatfield Graduate Journal of Public Affairs

This study conducts a spatial analysis of Portland, Oregon, focusing on leveraging underutilized areas like parking lots and vacant land—termed "wasted space"—to improve the city's completeness. Central to this investigation is the concept of a "complete neighborhood," characterized by access to daily necessities within convenient active transportation trip. This comprehensive idea encompasses walkability, equitable access to services, and sustainability.

This paper aims to redefine the concept of a complete neighborhood with precision and delve into its implications. The research looks at five regional, town, and neighborhood centers as defined by the city of Portland. These centers act as pivotal hubs …

An Exploration Of Degrowth: Reimagining The Economy In The Face Of Climate Change, Nicole Kristene Martinez-Bergman

University Honors Theses

Climate change is an issue of great magnitude facing the world, and communities are already feeling its effects, especially the most vulnerable. As the planet warms, it threatens to upend global ecosystems, from the oceans to the forests to the earth's atmosphere. Furthermore, the strains climate change places on the earth are a threat to global economic systems as erratic weather damages cities and creates an increasingly unstable agricultural system. However, these changes to the climate are due to anthropogenic impacts, meaning humans have caused this issue. This uniquely positions humans to create a structure to slow and eventually reverse …

Fpdr And Portland: A Concerned Accountant's Perspective, Noah Roth

University Honors Theses

Established in 1942, the Fire and Police Disability and Retirement (FPDR) fund was intended to attract young men to serve as firefighters and police officers in the city of Portland. FPDR provides defined benefit retirement payments to some 2000 retirees from Portland Fire and Rescue and the Portland Police Bureau. Portlanders are obligated to pay these benefits through a property tax levy determined by the proprietors of the Fund itself. The overall liability owed to these retirees, and current employees, accounts for more than half of all liabilities owed by the city of Portland, representing a fiscal burden that calls …

Economic Impacts Of Industry Shifts: Evaluating The Decline Of The Coal Industry In Indonesia's Transition To Renewable Energy, Sebastian Ming Lopez

University Honors Theses

Worldwide usage of coal in energy production is declining. Agreements on carbon reduction and decreasing reliance on non-renewable energy systems are occurring at differing rates. Developed countries are quick to adapt and switch to renewable energy systems using their greater resources, technological advances, and government support. Developing countries however are at a disadvantage due to a lack of resources and prior investments in older, polluting, technology. This study aims to look at the potential effects of the decline of the coal industry within Indonesia, a fast-growing developing country that relies heavily on its coal sector. Indonesia as a country is …

A Hierarchical Decision Model For Evaluating The Strategy Readiness Of Quantitative Machine Learning/Data Science-Driven Investment Strategies, Mohammadsaleh Saadatmand

Dissertations and Theses

Big data and computational technologies are increasingly important worldwide in asset and investment management. Many investment management firms are adopting these data science methods and technologies to improve performance across all investment processes. Researchers actively use these methods to develop more effective systematic investment strategies and produce more reliable outcomes less vulnerable to human decision-making biases. However, the success of such a strategy depends heavily on the scientific rigor applied throughout the process. "Best practices involve understanding how to make better decisions in the research design process. A good question is whether we can make better decisions in developing quantitative …

Feminist Political Ecology In The Classroom, Ella J. Yeigh

Northwest Journal of Teacher Education

As the effects of climate change are being felt more frequently, discussions on how to combat such a massive issue are increasingly prevalent. Finding solutions to the climate crisis requires an understanding of how mainstream economic systems have led to the climate crisis and using these same principles to get out of the climate crisis is misguided. Economic actions have inherent value biases that have real political effects. Feminist Political Ecology (FPE) as a theoretical model presents a better understanding of how values that are inherent in economic models such as reliance on efficiency, markets, and continual economic growth have …

Cognitive And Economic Development, John Luke Gallup

OHSU-PSU School of Public Health Annual Conference

A burgeoning literature finds that early childhood risk factors have large causal effects on individuals' cognitive development, education and earnings, but has not assessed the impact on the economy as a whole.

Cognitive ability is the foundation of human capital and the capacity to learn. The risk factors for poor cognitive development are very high in many countries. Each risk factor also causes child mortality, making child survival a viable proxy for good cognitive development conditions. The cognitive development of current workers happened decades earlier when they were children, providing a predetermined correlate. Controlling for country characteristics, income levels and …

Thorstein Veblen And His Underlying Philosophical Influences, John B. Hall

Economics Faculty Publications and Presentations

This inquiry recognizes Thorstein Veblen first and foremost as a philosopher who advanced a literature in Social Sciences, generally, and Economic Science, in particular. Veblen’s thinking and writing were supported by rich traditions drawn from notable philosophers that included among several: Charles Sanders Peirce, Immanuel Kant, and Friedrich Nietzsche. Relying upon his strong background in Philosophy, he then sought to challenge mainstream, neoclassical economics, especially. As his career developed, he would turn his talents and energies towards advancing ideas that would ultimately prove foundational for heterodox economics and, relatedly, American Institutionalism.

Journal of Economic Literature Classification Codes:
B15 – Historical, …

Portland State University Economic And Social Impact Study 2024, Jenny H. Liu, Hyeoncheol Kim

Northwest Economic Research Center Publications and Reports

Portland State University (PSU) serves as a vital economic and social engine for the Portland metropolitan area and the state of Oregon. With more than 20,000 students enrolled across eight distinctive colleges and schools, offering more than 200 degree and certificate programs, and employing a total workforce exceeding 3,500, PSU contributes significantly to economic, social and community vibrancy through its core educational, research and engagement activities. This study examines PSU’s economic and social contributions, educational outcomes, research activities and community engagement initiatives through both quantitative and qualitative analyses to provide a multifaceted view of the university’s impact.

Geographically, this study …

Fintech And Entrepreneurship: An Assessment Model To Evaluate Policy Instruments For Fintech Adoption By Small And Medium Enterprises (Smes), Deemah Abdullah Alassaf

Dissertations and Theses

Small and medium enterprises (SMEs) are the engines that drive economic development. They are the backbone of the middle class as they provide social stability, innovation, inclusive growth, and poverty alleviation. SMEs contribute significantly to job creation, employment, tax provision and the Gross Domestic Product (GDP). However, they face inferior conditions and challenges when it comes to their financing compared to that of large enterprises, as well as having a high expectancy of failing. Because of these limitations, SMEs tend to grow slowly since building up higher credit is difficult for them, and in addition to this, they lack access …

Extension Event Attendance Increases Adoption Of Weed Management Practices By Sports Field Managers, George Frisvold, Chandrakant Agme, David Ervin, Shawn W. Askew, Rebecca Grubbs Bowling, Jennifer Allen, James T. Brosnan, Multiple Additional Authors

Economics Faculty Publications and Presentations

Data from a national survey of 348 U.S. sports field managers were used to examine the effects of participation in Cooperative Extension events on the adoption of turfgrass weed management practices. Of the respondents, 94% had attended at least one event in the previous 3 yr. Of this 94%, 97% reported adopting at least one practice as a result of knowledge gained at an Extension turfgrass event. Half of the respondents had adopted four or more practices; a third adopted five or more practices. Nonchemical, cultural practices were the most-adopted practices (65% of respondents). Multiple regression analysis was used to …

International Labour Migration, Farmland Fallowing, Livelihood Diversification And Technology Adoption In Nepal, Karki Nepal, Mani Nepal, Randall Bluffstone

Economics Faculty Publications and Presentations

This article investigates the effect of temporary international labour migration on farmland fallowing, adoption of agricultural intensification technologies and livelihood diversification. Using nationally representative data, combined with empirical methods that allow causal inference, the authors find that households with international migrants are over 50 per cent more likely (based on propensity score matching estimates) to have fallow land than those without. Temporary international migration promotes the adoption of some agricultural intensification technologies and causes rural households to diversify their livelihoods. Land fallowing may increase food insecurity, while agricultural intensification may improve it, for an uncertain net effect.

Anticipatory Impacts Of The Repeal Of Roe V. Wade On Female College Applicants, Janna Wisniewski, Brigham Walker, Jillian Torres, Rajiv Sharma

Economics Faculty Publications and Presentations

We examined the relative impact of the anticipated repeal of Roe v. Wade on the share of female applicants to universities in states where abortion was banned compared with universities in states where abortion remained legal. Using the Common Data Sets from 71 of the top 100 institutions in the United States spanning 27 states from academic years 2018–2022, we found that there was a nearly one percentage point relative decrease in the share of female undergraduate applicants to institutions in ban states compared with states in which abortion remained legal. This suggests that undergraduate applicants are sensitive to state …

Private Benefits From Ambient Air Pollution Reduction Policies Evidence From The Household Heating Stove Replacement Program In Chile, Adolfo Uribe, Randall Bluffstone, Carlos Chávez, Walter Gómez, Marcela Jaime

Economics Faculty Publications and Presentations

We estimate the key private benefits from a program to improve ambient air quality during winter in central Chile by replacing inefficient wood-fired home heating stoves with more efficient pellet stoves. We are interested in the private benefits to households because they represent the additional value of the program and likely drive private adoption. Combining electronic stove surface temperature and air pollution monitoring with household surveys, we estimate the effects of adoption on household fuel expenditures, indoor temperatures, and indoor air pollution concentrations (PM2.5). We also explore heterogeneous effects of the program by income group and energy poverty status. Our …