Economic History Commons^™

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.

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

Renée Crown University Honors Thesis 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

Renée Crown University Honors Thesis 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 …

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

Faculty Publications

No abstract provided.

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 …

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 …

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

Publications and Research

No abstract provided.

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

Economics Articles

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.

[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. …

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 …

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. …

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

Publications and Research

No abstract provided.

Current Stock And Gross Stocks, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• BEA Sectoral Output and Capital Stocks, by A. Shaikh (2002, October). Unpublished manuscript.
• KBEA 1993 All, by A. Shaikh (2006, November 24). Unpublished manuscript.
• Fixed Reproducible Tangible Wealth in the United States, 1925–89, by Bureau of Economic Analysis (1993, January). U.S. Department of Commerce, Economics and Statistics Administration.
• Kiel Capital Stock Data and Price Structures, by A. Shaikh (2002, June). Unpublished manuscript.
• New Estimates of Government Net Capital Stocks for 22 OECD Countries 1960–2001, by C. Kamps (2004). IMF Working Paper 04/67, International Monetary Fund.
• BEA 1993 Investment Data (Current and Constant …

Working Paper No. 30, On The Origins Of Laissez-Faire, Thomas Breaden

Working Papers in Economics

This paper traces laissez-faire back to its French roots, and in particular, to its origins as a political philosophy evoking an economic approach. Related to his visit to France in the 1760s and his personal contacts, we suggest that Adam Smith serves as the link between selected French thinkers and what after Smith’s Inquiry would be widely accepted as a quintessentially Anglo-Saxon tradition in economics. Exploring doctrine, we offer linkages between F. Quesnay, A. Turgot, J.J. Rousseau, and Smith’s ideas. Similarities in Smith’s understanding and the French exponents regarding economic activity vis-a- vis a public sector are presented, along with …

Peace In Unity: 19th Century Irenic Motivations In European Unification, Robert Taft Keele

Undergraduate Honors Theses

The Hauptargumenten of politicians and citizens concerning the advantages and disadvantages of the EU are almost exclusively economic or political in nature: lower tariffs; loss of monetary instruments; immigration; disenfranchisement; etc. The object of my thesis is to remind everyone, amid the flurry of speculation and uncertainty prevalent in Europe since the French rejection of the EU constitution, that a major benefit of the European integration is peace, on a continent that has been ravaged by war for centuries. I prove that the establishment of peace was a major element in European unification by confirming links between peace movements and …

Movement Of Economics Professors Among Top Research Universities In The Us, Benjamin E. Resnick

Renée Crown University Honors Thesis Projects - All

Abstract not Included

Investor Risk Aversion And The Weekend Effect: The Basics, Michael T. Young

All Faculty Scholarship for the College of Business

This paper provides an explanation of the continued persistence of the weekend effect. Using the 23 non-holiday Wednesday closings of 1968 as a benchmark, it is postulated that negative Monday returns can be explained by risk averse investors reacting to the arrival of new information.

Long Term Historical Pattern, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (n.d.). Long-term historical patterns in U.S. and U.K. economic indicators [Various figures and graphs on U.S. real GNP per capita, U.S. industrial production index, business cycles, U.S. manufacturing productivity and real employee compensation, U.S. manufacturing real unit labor cost index, U.S. unemployment rate, U.K. and U.S. wholesale price and gold price indexes, U.S. general net rate of profit, and GDP per capita]. Unpublished manuscript.

• Shaikh, A., PhD. (2001, September 5). Lecture I: Introd to economic theories of capitalism (why study the classicals?) [Lecture notes for Eco 104: Historical]. Unpublished manuscript.

• Dolenc, P. (n.d.). Intermediate …

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Attitudes Toward Race, Hierarchy And Transformation In The 19th Century, Sandra J. Peart, David M. Levy

Jepson School of Leadership Studies articles, book chapters and other publications

Using the debates between Classical political economists and their critics as our lens, this paper examines the question of whether we're the same or different. Starting with Adam Smith, Classical economics presumed that humans are the same in their capacity for language and trade ; observed differences were then explained by incentives, luck and history, and it is the "vanity of the philosopher" incorrectly to conclude otherwise. Such "analytical egalitarianism" was overthrown sometime after 1850 , when notions of race and hierarchy came to infect social analysis as a result of attacks on homogeneity by the Victorian Sages (including Thomas …

Culture And Prosperity: The Truth About Markets—Why Some Nations Are Rich But Most Remain Poor (Book Review), Jonathan B. Wight

Economics Faculty Publications

John Kay’s latest book offers an absorbing romp through the history of economic thought in the 20th century. Kay attempts to explain the complex reality of a modern market system rather than resorting to simplistic theorizing about it. Gone are perfectly rational traders, perfectly competitive markets, incentive compatibilities, low transaction costs, informational symmetries, and no externalities. Kay highlights problems and problem solving as the ubiquitous and historical strata through which markets in the West evolved.

The New Economy And Its Implications To Investors, Elizabeth Misco

Honors Capstones

Capstone submitted as a graduation requirement for the BSU Honors Program.

The Organisation For Economic Cooperation And Development, Richard Woodward

Articles

This article reviews the role of the OECD, a much cited but little studied institution, in global governance.

Review Of Northern Naval Superiority And The Economics Of The American Civil War By David G. Surdam, Jeffrey Rogers Hummel

Faculty Publications

No abstract provided.

Eco 104 Smith, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Anwar Shaikh. (197?, November 24). Value I: Marx on Smith (TSV, I) [Unpublished handwritten lecture notes]. Author.

• Shaikh, A. (2001, October 2). Historical background on merchant capitalism and industrial capitalism [Unpublished manuscript]. Author.

• Shaikh, A. (1996, January 31). Rude and early state: Ricardo and Smith [Unpublished handwritten lecture notes]. Author.

• Shaikh, A. (1979, February 13). Value seminar: Smith regarding conflict of interest [Unpublished handwritten seminar notes]. Author.

• Ronald L. Meek. (1956). Adam Smith and the development of the labour theory. In Studies in the labour theory of value (Chap. 2). Monthly …

Stock Market Talk, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (2004, January 1). Keynes’ own rates of interest citing Panico (1988) [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (n.d.). U.S.: Relative gold price of producer goods (WPI/gold price) [Graph]. Unpublished manuscript.

• Shaikh, A., PhD. (n.d.). Real ratio [Graph with note citing Mankiw]. Unpublished manuscript.

• Definition of bond. (2004, October 17). Printout from WordIQ. Unpublished manuscript.

• Shaikh, A., PhD. (1997, August 25). Predicting stock prices [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (n.d.). Rates of return: Stock market & corporate business [Graphs]. Unpublished manuscript.

• Shaikh, A., PhD. (n.d.). Real profits [Graph]. Unpublished manuscript.

• Shaikh, …

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Political Barriers And The Transmission Of Monetary Policy Across States: The New England Antebellum Banking Market, Andrew J. Economopoulos

Business and Economics Faculty Publications

The New England antebellum banking market was examined to understand the interaction of political ideology and economic forces. With each state controlling bank entry, hence the money supply, political ideology could impede the supply of money within a state. However, the monetary forces from neighboring states may have influenced the degree to which parties held true to their political ideology. The results indicate that political ideology was an effective barrier in two of the six states, while three states were responsive to neighbor states' monetary policy regardless of political ideology. These states responded by creating new banks, raising existing capital …

Social Security Reform: An Expository Report, Nathan J. Voss

Honors Capstones

Capstone submitted as a graduation requirement for the BSU Honors Program.

Cibola County Labor Force And Technical Employment, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

A report prepared for NM Trains by the Bureau of Business and Economic Research at UNM on the potential for employment in particular 'technical' fields in Cibola County.