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Articles 1 - 10 of 10
Full-Text Articles in Economic History
The Theoretical Consequences Of Mr. Churchill Gold Standard Policy And The ‘Long Struggle Of Escape’, Nathaniel Cline, Matias Vernengo
The Theoretical Consequences Of Mr. Churchill Gold Standard Policy And The ‘Long Struggle Of Escape’, Nathaniel Cline, Matias Vernengo
Working Papers
No abstract provided.
A Revolution Deferred: Polycrisis And The Failures Of Incremental Change In South Africa, Geoffrey Schneider
A Revolution Deferred: Polycrisis And The Failures Of Incremental Change In South Africa, Geoffrey Schneider
Working Papers
No abstract provided.
Central Banks And Monetary Policy In Historical Perspective, Matias Vernengo, Esteban Pérez Caldentey
Central Banks And Monetary Policy In Historical Perspective, Matias Vernengo, Esteban Pérez Caldentey
Working Papers
No abstract provided.
The Labor Share In The Post-1980 Economy: An Analysis Of The Contributing Factors, Mia Bellucci
The Labor Share In The Post-1980 Economy: An Analysis Of The Contributing Factors, Mia Bellucci
Honors Theses
During the Neoliberal period, which roughly began in the early 1980s in the U.S., there was a substantial slowdown in the growth rate of real hourly compensation, while productivity had continued to grow. The last two decades of the Neoliberal period (2000 – 2020) also experienced somewhat of a substantial decline in the labor share. In recent decades, there has been a growing amount of literature attempting to explain the major factors that have contributed to these recent labor market developments. This study provides a means of investigating the changes in the labor share and its components (i.e., real hourly …
The Leveling Spirit: Violence And Inequality In Postwar Iraq, Griffin Perrault
The Leveling Spirit: Violence And Inequality In Postwar Iraq, Griffin Perrault
Honors Theses
The Iraq War (2003–2011) constitutes by some estimates one of the deadliest and most destructive conflicts of the 21st century (Hagopian et al., 2013). In addition to the disputed figures of excess violent civilian casualties––generally ranging from 180,000 to 210,000 deaths––the war has created one of the major refugee crises of modern times, with 1 in 25 Iraqis estimated to have been displaced from their homes by the 2003 invasion (Costs of War, 2021). While much of this violence has been wrought by American and Iraqi coalition troops, violence against civilians has also been perpetuated by insurgent groups and paramilitary …
Where Girls Rule The World: Lessons For Pakistan In The Bangladeshi Educational Phenomenon, Chanze Ahsan
Where Girls Rule The World: Lessons For Pakistan In The Bangladeshi Educational Phenomenon, Chanze Ahsan
Honors Theses
In tune with the UN's Sustainable Development Goal and the widespread acceptance of education as a fundamental human right, the deprivation of female education in Pakistan presents an alarming assault on its female population. With this, the historical accident that was the separation of Pakistan and Bangladesh serves as a natural experiment into differences between the countries before and after partition. Despite facing two colonizations, Bangladesh has emerged on the other side of history with promising results regarding the elimination of gender disparities in education. How has it managed to do so? And what can Pakistan learn from its journey? …
Minimum Wages In China: Evolution, Legislation, And Effects, Shi Li, Carl Lin
Minimum Wages In China: Evolution, Legislation, And Effects, Shi Li, Carl Lin
Faculty Books
This book considers the positive and negative impacts of the minimum wage policy in China. Since China enacted its first minimum wage law in 1994, the magnitude and frequency of changes in the minimum wage have been substantial, both over time and across jurisdictions. The results from China’s experience show that rapidly increasing minimum wages have helped increase average wages and reduce the gender wage gap, income inequality, and poverty. However, the fast-rising minimum wage has also resulted in the loss of employment for young adults, women, low-skilled workers, and migrant workers. Additionally, higher minimum wages have a negative impact …
Opening The System: (Re)Writing Value Theory Discursively, David Kristjanson-Gural
Opening The System: (Re)Writing Value Theory Discursively, David Kristjanson-Gural
Faculty Journal Articles
In this article I argue that modern and postmodern critics of value theory share the premise that Marx’s theory of value disables the project of emancipatory social change. The modern critics claim the theory is logically flawed and must be either resituated in a consistent logical framework or replaced by a Sraffian alternative. The postmodern critics claim that the theory is necessarily reductionist and excludes or renders secondary important axes of social struggle. I argue that by using a poststructural logic, Marx’s theory of value can be interpreted in a way that both overcomes the perceived consistencies of the modern …
Post-Structural Logic In Marx's Theory Of Value, David Kristjanson-Gural
Post-Structural Logic In Marx's Theory Of Value, David Kristjanson-Gural
Faculty Journal Articles
In this essay I use Louis Althusser’s observation concerning the synchrony and diachrony of Marx’s logic in Capital to detail changes in the meaning of value, defined as socially necessary abstract labor time, throughout the three volumes of Capital. I use this analysis to identify three common types of logical error in reading Marx that result from failing to recognize this aspect of his methodology, and I provide examples to illustrate each of these common errors. I then argue that, by recognizing the synchrony and diachrony of Marx’s method, it is possible to read value theory in a way that …
Money Is Time: The Monetary Expression Of Value In Marx's Theory Of Value, David Kristjanson-Gural
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 …