Economic History Commons^™

Monetary Lessons From The Not-So-Great Depression, A Round-Robin Essay Debate With Scott Sumner, James Hamilton, And George Selgin, Jeffrey Rogers Hummel

Jeffrey Rogers Hummel

No abstract provided.

Review Of Good Money: Birmingham Button Makers, The Royal Mint, And The Beginnings Of Modern Coinage, 1775-1821 By George Selgin, Jeffrey Rogers Hummel

Jeffrey Rogers Hummel

No abstract provided.

A Nation In Dilemma, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

following the Global financial Crisis there were economic collapses in all the world. Sudan officials claimed that the country was immune from that epidemic. Such declaration were truly weird as it has been deeply affected from the first instant. That article presented many questions about the economic and social conditions and the eminent southern Sudan, Darfur crises.

Alternative Estimators Of Cointegrating Parameters In Models With Non-Stationary Data: An Application To Us Export Demand (Working Paper), James J. Forest, Paul Turner

James J Forest

This paper presents Monte Carlo simulations which compare the empirical performance of two alternative single equation estimators of the equilibrium parameters in a dynamic relationship. The estimators considered are Stock and Watson’s dynamic ordinary least squares (DOLS) estimator and Bewley’s transformation of the general autoregressive distributed lag model. The results indicate that the Bewley transformation produces a lower mean-square error as well as superior serial correlation properties even with lower truncation lags for the lagged variables included in the estimation equation. An application is then provided which examines the nature of the equilibrium relationship between aggregate US exports, world trade …

Why Default On U.S. Treasuries Is Likely, Jeffrey Rogers Hummel

Jeffrey Rogers Hummel

No abstract provided.

Religion, Longevity, And Cooperation: The Case Of The Craft Guild, Gary Richardson

Gary Richardson

Whenthe mortality rate is high, repeated interaction alonemaynot sustain cooperation, and religion may play an important role in shaping economic institutions. This insight explains why during the fourteenth century, when plagues decimated populations and the church promoted the doctrine of purgatory, guilds that bundled together religious and occupational activities dominated manufacturing and commerce. During the sixteenth century, the disease environment eased, and the Reformation dispelled the doctrine of purgatory, necessitating the development of new methods of organizing industry. The logic underlying this conclusion has implications for the study of institutions, economics, and religion throughout history and in the developing world …

Identidade Cultural E Desenvolvimento Regional: Um Olhar Para Os Municípios Da Secretaria De Desenvolvimento Regional De Canoinhas/Sc., Jorge Amaro Bastos Alves, Sandro Perotti

Jorge Amaro Bastos Alves

RESUMO: Esse artigo aborda o entendimento sobre cultura e seu influxo no desenvolvimento da região de abrangência da Secretaria de Desenvolvimento Regional (SDR) de Canoinhas, situada no planalto norte do Estado de Santa Catarina, trabalhando-se a questão identitária e cultural sob vários aspectos do desenvolvimento, bem como, analisando alguns indicadores sócio-econômicos e de desenvolvimento humano. Para o desenvolvimento desse artigo, realizou-se pesquisa exploratória e bibliográfica com base em livros, teses e artigos versando sobre o tema, bem como, fez-se um levantamento estatístico disponível em órgãos governamentais, tais como, Instituto Brasileiro de Geografia e Estatística (IBGE) e Programa das Nações Unidas …

The Janjaweed And The Armed Movements Of Sudan, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

The emergence of the Janjaweed as an armed force working with the government to suppress rebellions in Darfur region outraged the international community. They were marked by brutality, destruction, burning, killings and mass rapes. They were also described as Arabs. However, that was not the whole picture, no one observed the living conditions of the Arabs or how were they victims also as the other inhabitants of Darfur. No one also observed that they were used by the Ingaz government to execute the dirty work and bear the consequences. The Arab tribes however, also had other thoughts as they realized …

Labor-Market Regimes In U.S. Economic History, Joshua L. Rosenbloom, William A. Sundstrom

Joshua L. Rosenbloom

In much economic analysis it is a convenient fiction to suppose that changes over time in wages and employment are determined by shifts in supply or demand within a more or less competitive market framework Indeed, this framework has been effectively deployed to understand many episodes in American economic history. We argue here, however, that by minimizing the role of labor-market institutions such an approach is incomplete. Drawing on the history of American labor markets over two centuries, we argue that institutions—by which we mean both formal and informal rules that constrain the choices of economic agents—have played a significant …

Intensified Regulatory Scrutiny And Bank Distress In New York City During The Great Depression,” With Patrick Van Horn, Gary Richardson

Gary Richardson

Bank distress peaked in New York City, at the center of the United States money market, in July and August 1931, when the banking crisis peaked in Germany and before Britain abandoned the gold standard. This article tests competing theories about the causes of New York’s banking crisis. The cause appears to have been intensified regulatory scrutiny, which was a delayed reaction to the failure of the Bank of United States, rather than the exposure of money center banks to events overseas.

Assessing The Viability Of Investment In Sudan (1979-2008), Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Most developing and underdeveloped countries beside Sudan suffer from low levels of income in addition to the low savings that are result from the lack of public savings channels. Hence, investments depend on the individuals' abilities on savings where they are major motivating vehicle for economic activity due to its direct correlation with capital accumulation process that increases the productive capacity for the national economy and help to create job opportunities and achieving economic development. Subsequently, the importance of the investment comes from the effective role that can be practiced on the national product. Currently, Sudan endures severe economic crisis …

Will We Be Stimulated? Economists Sound Off On Obama’S Stimulus Package Reason, Nick Gillesie, Jeffrey Rogers Hummel, Meg Mcardle

Jeffrey Rogers Hummel

No abstract provided.

Elementos Endógenos Como Fatores Do Desenvolvimento Local Das Cidades: Uma Reflexão Sobre O Município De Piraquara/Pr, Jorge Amaro Bastos Alves

Jorge Amaro Bastos Alves

Pretende-se com esse artigo alcançar um pouco as dimensões que tanjam o desenvolvimento local e seu influxo no desenvolvimento do município de Piraquara/PR. Cogita-se que os princípios do desenvolvimento local devem ser buscados como pilares de um modelo de desenvolvimento que harmonize a produção econômica e os recursos naturais, e que seja capaz de proporcionar um bom nível de qualidade de vida para a sociedade. Contudo, acredita-se que para alavancar o desenvolvimento em suas múltiplas dimensões, é necessário coexistir uma mobilização de recursos endógenos e exógenos. Particularmente no caso do município em questão, pelo fato de seu território ser dotado …

Rogue Counrty And Potential Cooperation: The United States And Sudan And Feasible Economic Partnership, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

The United States declared Sudan as a rogue country in 1995 due to many political considerations. It has imposed many economic and political sanctions against it since that time which represented hindrance to development and resulted in economic crises. Oil explorations started long time by Total Oil Company and resumed by Chevron that halted her activities in Sudan after the flaring of the civil war between the Northern and Southern parts of the country. That work was resumed in 1996 by Chinese companies and was crowned by success and commercial production in 1999. Although the economic situations of Sudan improved …

Who Cries For Sudan: من الذي يرثي السودان, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

The institutional collapse in Sudan started long time ago. However, it has accelerator in the past years since Nivasha Comprehensive Peace Agreement and Darfur war.

Was Money Really Easy Under Greenspan?, David R. Henderson, Jeffrey Rogers Hummel

Jeffrey Rogers Hummel

No abstract provided.

Políticas Sociais, Meio Ambiente E Desenvolvimento Local: Uma Reflexão Sobre O Município De Canoinhas - Sc, Jorge Amaro Bastos Alves

Jorge Amaro Bastos Alves

Este artigo apresenta a inter-relação entre as políticas sociais e a política ambiental no Brasil após a configuração do novo padrão constitucional adotado no país a partir de 1988, tendo os municípios ganhado status e melhores condições para articular os diversos atores sociais no sentido de alavancar o desenvolvimento local. O texto aborda também a questão da globalização e suas implicações diversas na sociedade, bem como, as dimensões necessárias para se lograr o desenvolvimento local sustentável, baseando-se na análise de indicadores socioeconômicos e do IDH do município de Canoinhas/SC. É defendida a proposição de se superar o pensamento antinômico, que …

The International Diffusion Of An Innovation: The Spread Of Decimal Currency, Adrian E. Tschoegl

Adrian E Tschoegl

This paper argues that decimalization of currency diffused as a consequence of all three forms of isomorphism: normative, coercive, and mimetic. Furthermore, it is ambiguous as to whether the normative isomorphism was well founded. The patterns of denominations show variety by country as a consequence of a number of factors, including cultural ones. These patterns tend to follow a powers-of-two (binary) principle for smaller denominations and a purer decimal principle for larger denominations, reflecting their utility for cash transactions and for store-of-value functions respectively.

Câmbio De Longo Prazo Do Mil-Réis. Uma Abordagem Empírica Referente Às Taxas Contra A Libra Esterlina E O Dólar (1795-1913), Heitor Moura Filho

Heitor Moura Filho

Short-term and long-term exchange rates of the Brazilian imperial Mil-Reis to the US Dollar are estimated from 1795 to 1913

Conflicting Sovereignties In The World Wide Web Of Contracts - Property Rights And The Globalization Of The Power System, Jean-Philippe Robé

Jean-Philippe Robé

No abstract provided.

Civil War Finance: Lessons For Today, Jeffrey Rogers Hummel

Jeffrey Rogers Hummel

No abstract provided.

The Fed’S Binge, Jeffrey Rogers Hummel

Jeffrey Rogers Hummel

No abstract provided.

Entrepreneurship Theory And The Poverty Of Historicism., Patrick Murphy

Patrick J. Murphy

Purpose – The author applies methodological concepts from The Poverty of Historicism to contemporary research in the area of entrepreneurship. This paper aims to explain why current theoretic models do not adequately explain entrepreneurial phenomena and to present outlines of a

distinct entrepreneurship research paradigm.

Design/methodology/approach – The author examines the essay from the perspective of a historian and then summarizes its concepts. Next, the author reviews the current state of entrepreneurship research and theory and applies concepts from the essay to its contemporary

challenges. Finally, the author presents five implications.

Findings – The five implications are that entrepreneurship research …

Making Property Productive: Reorganizing Rights To Real And Equitable Estates In Britain, 1660 To 1830, Gary Richardson

Gary Richardson

Between 1660 and 1830, Parliament passed thousands of Acts restructuring rights to real and equitable estates. These estate Acts enabled individuals and families to sell, mortgage, lease, exchange and improve land previously bound by inheritance rules and other legal legacies. The loosening of these legal constraints facilitated the reallocation of land and resources towards higher-value uses. Data reveal correlations between estate Acts, urbanization and economic development during the decades surrounding the Industrial Revolution.