Economic History Commons^™

The State‐Led Transition To Liberal Capitalism: Neoliberal, Organizational, World‐Systems, And Social Structural Explanations Of Poland’S Economic Success, Lawrence P. King, Aleksandra Sznajder Lee

Political Science Faculty Publications

Neoliberals argue that rapid liberalization and privatization can transform postcommunist economies into Western-style capitalist systems. Organizational sociologists argue that these policies produce a unique variety of capitalism, while world-systems theorists argue that they lead to underdevelopment. This article advances a social structural alternative in a crucial case. Poland’s relative economic success resulted from prolonged state ownership and an interventionist state employing various industrial policy tools that facilitated efficiency-enhancing market-oriented restructuring before ushering in beneficial foreign direct investment. The resulting capitalist system closely resembles the typical pattern found in most late industrializers.

Assessment Of Capital Returns And Economics Of Investment In Khartoum Stock Exchange Market, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Financial markets in a country are parts of modern economic systems and have definite impacts of its economic performance. However, in an underdeveloped economic structure there can be other targets o hidden activities for them. Such assumptions are provoked under totalitarian economic systems that impose cartel monopolies in a autocratic compradorism that own most of the companies and their stocks. The institutional structure of the prevailing economic system avails negative cost/benefits dealings to continue unaffected as the main profits have to come from other resources, e.g., money laundry. The private sector has to be monopolized in order to sustain the …

Changing Maine, 1960-2010: Teaching Guide, Richard Barringer, New England Environmental Finance Center

Maine History & Policy Development

Unlike forty years ago, none of us is now certain what the future holds for Maine – except that it will be different. Maine has been transformed by the events of the recent decades. We have come into a new world, a new time – a new historical era, if you will. This new era, like previous eras in Maine history, will require of us new ways of thinking, new ways of understanding, new ways of organizing ourselves as a community of people, if the values and culture we share and cherish are to endure and flourish.

Book Review: When Corporations Rule The World (Second Edition), The Post Corporate World: Life After Capitalism, Glen Kuecker

History Faculty publications

No abstract provided.

Pioneering Multilatralism: The Sugar Agreements 1864 – 1912, Heitor Moura Filho

Heitor Moura Filho

This paper examines the negotiations which led to the Brussels Convention of 1902 for the abolition of subsidies on sugar exports, showing how the practice of multilateral commodity trade negotiations was an outcome of this experience. Encompassing diverse fiscal systems, these negotiations began a process of pluri-national harmonization of taxation criteria and regulations, which forced changes to national statutes. They also initiated new forms of economic negotiations and coexistence. When war broke out in 1914, undoing agreements and inaugurating a new era of strict government control of economic activities, multilateralism had been established as a conceptual alternative and a practical …

Do Children's Hospitals Have Lower Mortality Rates? Evidence From The 2003 Kids' Inpatient Database, Christiane Labonte

Honors Capstone Projects - All

Objective: To compare mortality rates at children’s hospitals and non-children’s hospitals.

Data Source: I used the Healthcare Cost and Utilization Project Kids’ Inpatient Database (KID) released by the Agency for Healthcare Research and Quality in 2003. Thirty-six states participated in the HCUP in 2003, which included 3,438 hospitals, and 2,984,129 pediatric discharges.

Study Design: I hypothesized that mortality rates at children’s hospitals would be lower than mortality rates at non-children’s hospital because children’s hospitals have more specialized inputs, from the clinical training of sub-specialists and nurses to advanced machines and diagnostic tools, and may use these inputs more productively. To …

Credit Card Interest Rates: Does Race And Gender Matter?, Brian Hecht

Honors Capstone Projects - All

This paper examines the consumer credit card market in theUnited Statesto determine what factors, race and gender specifically, influence interest rates available to consumers. Data from the 2001 Survey of Consumer Finances is used to model the credit card market and answer the questions: All else being equal do women have higher credit card interest rates than men? Do blacks or Hispanics, all else being equal, have higher credit card interest rates than whites?

The paper provides background on the credit card market and its growing importance, reviews key literature on the role that discrimination can play in different lending …

Age Concern: The Future Of The Oecd, Richard Woodward

Articles

‘Life’, so the adage has it, ‘begins at 40’. But, as American journalist Helen Rowland wryly observed, ‘so do fallen arches, rheumatism, faulty eyesight, and the tendency to tell a story to the same person, three or four times’. Such a sentiment should resonate within the Parisian corridors of the Organisation for Cooperation and Development (OECD) which celebrates its 45th anniversary on 30 September. Rival institutional developments, evolving geo-political realities, hostility from non-governmental organisations (NGOs) and the absence of a precisely defined mission statement have marred the OECD’s fifth decade and left the organisation struggling to justify its place in …

Review Essay On The Politically Incorrect Guide To American History By Thomas E. Woods, Jr., Jeffrey Rogers Hummel

Faculty Publications

No abstract provided.

The Records Of The Federal Reserve Board Of Governors In The National Archives Of The United States, Gary Richardson

Gary Richardson

The archives of the Federal Reserve System are found in Record Group 82 at the National Archives of the United States. This article describes the materials available in that record group and ways to locate useful documents. Section i provides a brief history of the Federal Reserve; it describes the organization of the institution and how it changed over time. The focus is on issues important for understanding the types of documents that may or will not be found in the archives. Section ii describes the process by which the documents were generated and preserved. Section iii provides a broad …

Assessment Of Capital Returns And Economics Of Investment In Khartoum Stock Exchange Market, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Financial markets in a country are parts of modern economic systems and have definite impacts of its economic performance. However, in an underdeveloped economic structure there can be other targets o hidden activities for them. Such assumptions are provoked under totalitarian economic systems that impose cartel monopolies in a autocratic compradorism that own most of the companies and their stocks. The institutional structure of the prevailing economic system avails negative cost/benefits dealings to continue unaffected as the main profits have to come from other resources, e.g., money laundry. The private sector has to be monopolized in order to sustain the …

Exports And Slow Economic Growth In The Lower South Region, 1720–1800, Peter C. Mancall, Joshua L. Rosenbloom, Thomas Weiss

Joshua L. Rosenbloom

For the past generation scholars have emphasized that the Lower South was one of the most economically successful regions of British mainland North America, and perhaps the most successful. Planters, the primary economic actors, made extensive use of slave labor and created a successful staple-export sector, which by 1774 produced the highest levels of private wealth per capita in the colonies. Focusing on the rapid growth of the primary exports of the Lower South in the colonial period – rice and indigo – most scholars have concluded that standards of living for colonists in the region must have been rising …

Effectiveness Of Fiscal Policy In The U.K. During The 1960-1990 Time Period, Peter J. Saunders

All Faculty Scholarship for the College of Business

This study investigates the impact of fiscal policy on the U.K. economy during the 1960 - 1990 time period. The empirical analysis is conducted within the Granger causality testing methodology. Initially the causal flows between fiscal expenditures, deficits and nominal GDP are examined. A hi-directional causal flow between expenditures and nominal GDP is established while deficits and nominal GDP are found to be statistically independent. However, the main contribution of this research lies in its emphasis on analyzing the impact of fiscal expenditures on real output and prices. The results of the trivariate analysis indicate the absence of causal flows …

History Of Caribbean Whaling Is Being Written In Arkansas, Aldemaro Romero Jr.

Publications and Research

No abstract provided.

Historical Perspective On Performance Budgeting: Performance Budgeting In The United States Before 1960, Dan Williams

Publications and Research

With the assistance of A. E. Buck, Herbert Hoover coined the term Performance Budget in 1949 to rebrand cost data budgeting. Cost data budgeting originated in 1912 in Richmond County (Staten Island), New York. It is strongly associated with the National Commission on Municipal Standards and the Committee on Uniform Street Sanitation Records, which are both direct derivatives of Clarence Ridley’s original work in making sense of performance measurement under the title Means of Measuring Municipal Government, his 1927 dissertation at Syracuse University. Ridley subsequently led the International City Managers Association for nearly 30 years. He teamed with A. E. …

Privatizing Public Enterprises In The European Union 1960-2002: Ideological, Pragmatic, Inevitable?, Judith Clifton, Daniel Díaz-Fuentes, Francisco Comín

Judith Clifton

Privatization, recognized as one of the most important economic policy reforms from the 1970s, has attracted significant attention from scholars, and the literature on the topic is now vast. Yet there is little agreement on the reasons why governments privatized. Three dominant paradigms explaining European Union (EU) privatization put forward distinct motivations. The ‘British paradigm’ assumed that market-friendly ideology played a significant role in a path towards a global programme inspired by the UK experience. The ‘multiple logics’ approach observed that the UK was an anomaly, not a leader, and that EU privatization was so diverse that there were few, …

Review Essay On The Politically Incorrect Guide To American History By Thomas E. Woods, Jr., Jeffrey Rogers Hummel

Jeffrey Rogers Hummel

No abstract provided.

[Introduction To] Poverty And Progress In The U.S. South Since 1920, Suzanne W. Jones, Mark Newman

Bookshelf

Poverty, disease, and illiteracy had long bedeviled the U.S. South, even before the agricultural depression of the 1920s became subsumed within the Great Depression of the 1930s. The essays collected in this volume examine a variety of responses to economic depression and poverty. They recount specific battles for civil, educational, and labor rights, and explore the challenges and alternatives to the corporate South in the post World War II agribusiness era. Scholars from both the U.S. and Europe assess how far the South has come in the last century, what forces (from the Sears Roebuck Catalog to the Civil Rights …

[Introduction To] Meat Matters: Butchers, Politics, And Market Culture In Eighteenth-Century Paris, Sydney Watts

Bookshelf

In eighteenth century Paris, municipal authorities, guild officers, merchant butchers, stall workers, and tripe dealers pledged to provide a steady supply of healthful meat to urban elites and the working poor. Meat Matters considers the formation of the butcher guild and family firms, debates over royal policy and regulation, and the burgeoning role of consumerism and public health. The production and consumption of meat becomes a window on important aspects of eighteenth-century culture, society, and politics, on class relations, and on economic change. Watts's examination of eighteenth-century market culture reveals why meat mattered to Parisians, as onetime subjects became citizens. …

New Evidence On Race Discrimination Under "Separate But Equal", Bradley A. Hansen, Mary Eschelbach Hansen

Economics

Recently uncovered data on teachers’ salaries in Virginia in 1906 allow for more precise and consistent estimations of marginal returns to certification and formal education than had been available in previous studies. Virginia's “separate but equal” educational system paid black teachers in rural counties lower wages than it paid white teachers and on average paid a lower premium to blacks for certification and formal education than it paid to whites. In incorporated cities, returns to certification and normal school education were about the same for black teachers and white teachers, although average salaries were lower for black teachers.

The Macroeconomy And Long-Term Interest Rates: An Examination Of Recent Treasury Yields, Hans W. Hardisty

Gettysburg Economic Review

From 2001 to 2006, U.S. long-term interest rates have remained steady while the federal funds rate has both declined and increased, as Figure 1 shows. Historically, long term interest rates tend to respond to changes in short term rates, but recently this does not appear to be the case. Former chairman of the Federal Reserve, Alan Greenspan, recently dubbed this occurrence a “conundrum,” because no one can provide a distinct explanation concerning this phenomenon. There are several noteworthy incentives for why long-term yields should have increased from 2004 to 2006, but they have remained constant during this time period. According …

‘More Private Gain Than Public Good’: Whale And Ambergris Exploitation In 17th-Century Bermuda, Aldemaro Romero Jr.

Publications and Research

No abstract provided.

An Economic Model Of Fair Use (With Thomas Miceli), Richard Adelstein

Richard Adelstein

A formal model of the law of fair use.

National Bank Notes And Silver Certificates, James B. Thomson, Bruce A. Champ

James Thomson

From 1883 to 1892, the circulation of national bank notes in the United States fell nearly 50 percent. Previous studies have attributed this to supply-side factors that led to a decline in the profitability of note issue during this period. This paper provides an alternative explanation. The decline in note issue was, in large part, demand-driven. The presence of a competing currency with superior eatures caused the public to substitute away from national bank notes.