Economic Theory Commons^™

Perfect Comp + Re, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Perfect comp and re; NA-09-34 [Folder cover]. Unpublished manuscript.

• Shaikh, A. (1999, October 4). Rational competition and p.c. [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1990, May 15). Micro-behavioral assumptions and aggregate identities [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1996, November 17). Rpceffd6.mcd: Simulation tracing the effects of changes in exogenous demand [Software output printout]. Unpublished manuscript.

• Shaikh, A. (1996, December 5). Rpc vs. imperfect competition [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1997, November 14). Pcrcmod1: Simulation of the standard neoclassical macromodel [Software output printout]. Unpublished manuscript.

• Shaikh, …

Estimating Profit On Carved-Out Stock Of Capital Equips, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (n.d.). Handwritten notes on technical change and profitability, discussing Brenner [Unpublished handwritten notes].

• Shaikh, A., PhD. (1976, February 12). Handwritten notes titled “estimating profit on carved-over stock of capital equip.” [Unpublished handwritten notes].

• Shaikh, A., PhD. (n.d.). Handwritten notes with equations for a price index [Unpublished handwritten notes].

• Shaikh, A., PhD. (1999, August). Draft paper critiquing Robert Brenner’s analysis of the long postwar economic boom and the decline in profitability (Drafts with handwritten annotations) [Unpublished manuscript drafts with handwritten annotations].

• Shaikh, A., PhD. (n.d.). Handwritten notes on Brenner’s empirical …

Xr, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (1999, October 7). Handwritten notes titled “int’l competitiveness: Milberg and Houston” [Unpublished handwritten notes].

• Shaikh, A., PhD. (1999, October 14). Handwritten notes titled “aggregate budget constraint (ABC),” discussing overall planned and expected demands [Unpublished handwritten notes].

• Shaikh, A., PhD. (1999, October 25). Handwritten notes titled “terms of trade and balance of trade” [Unpublished handwritten notes].

• Shaikh, A., PhD. (1999, November 4). Handwritten notes titled “arbitrage, profit rates, and interest rates” [Unpublished handwritten notes].

• Shaikh, A., PhD. (1999, November 11). Handwritten notes titled “real wage adjustment curves” [Unpublished handwritten notes]. …

Low Inflation: The Surprise Of The 1990s, Dean D. Croushore

Economics Faculty Publications

For most of the 1990s, forecasters have been predicting an upturn in inflation. Yet, over that same period, the United States has experienced stable or declining inflation. Why have forecasts been at odds with reality? And why does it matter? In this article, Dean Croushore considers some answers to these questions and explains why inflation is the economic surprise of the decade.

Explaining Long-Term Exchange Rate Behavior In The United States And Japan, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD., & Antonopoulos, R. (1998, September). Explaining long-term exchange rate behavior in the United States and Japan (Working Paper No. 250). Jerome Levy Economics Institute.

Handouts Eco 107, Intro Pe Ii, Anwar Shaikh Phd1

Archives of Anwar Shaikh

This collection includes.

• Course syllabus and reading list for Econ. 107: Introduction to political economy II. (1997, Spring). [Course syllabus and reading list]. Department of Economics, The New School for Social Research. (Anwar Shaikh, PhD, author).

• Final exam for Eco. 107: Introduction to political economy II. (1998, Spring). [Examination]. Department of Economics, The New School for Social Research. (Anwar Shaikh, PhD, author).

• Midterm take-home exam for Eco. 107: Introduction to political economy II. (1998, Spring). [Examination]. Department of Economics, The New School for Social Research. (Anwar Shaikh, PhD, author).

• Transf. problem. (1996, …

Xr Project, Anwar Shaikh Phd

Archives of Anwar Shaikh

• Shaikh, A., PhD. (1998, July 2). Rxr [Unpublished handwritten notes].

• Godley, W. (1998, June 16). Godley’s trade sector equations and a glossary [Fax].

• Shaikh, A., PhD. (1998, June 12). U.S./OECD: Rxr (PPI), Rxr (export unit value), and Xr [Unpublished graph].

• Shaikh, A., PhD. (n.d.). International long-term interest rates [Unpublished graph].

• Shaikh, A., PhD. (n.d.). International short-term interest rates [Unpublished graph].

• Shaikh, A., PhD. (n.d.). Japan long-term interest rate differentials [Unpublished graph].

• Shaikh, A., PhD. (n.d.). U.S. interest rate differentials [Unpublished graph].

• Shaikh, A., PhD. (1998, May 10). U.S./OECD: Rxr (PPI) and RULC …

Introducing Students To The Competing Schools Of Thought In Intermediate Macroeconomics, Harlan M. Smith Ii

Economics Faculty Research

The article discusses how the intermediate macroeconomics instructor can introduce students to ways of old and new Keynesians and classical theorists addressed the question on why output and employment fluctuate. Keynesian macroeconomics characterizes a school of thought developed around two central prepositions. New Keynesians develop alternative ways of explaining short-run movements in output and employment in the early 1970's. All individuals maximize utility, firm maximizes profits. Recently, new classicals developed an alternative approach in explaining short-run fluctuation in employment and output by redefining the concept of the short run.

Weisskopf Cje, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (n.d.). Various macroeconomic equations [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1996, May 26). Buenos Aires presentation: Long-term patterns, basic methodology, and an introduction focusing on Marx’s work as the foundation [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1997, February 9). Measuring excess demand [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1988, June 15–17). Barcelona outline and presentation: Intrinsic dynamics, classical approaches to long-run dynamics, determinants of capacity and output, and their implications [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1997, January 20). SRGOVT4 [Printout for a PERSONAL TUTSIM short-run model with government and …

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Macro Framework, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A. (1997, January 8). Bank sector model [Unpublished handwritten notes].

• Shaikh, A. (n.d.). Calculations and equations [Unpublished handwritten manuscript page].

• Shaikh, A. (1997, February 2). Macrofinance (MF1) [Computer model printout with code, graphs, and handwritten annotations].

Hicks Capital & Growth, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (1988, May 4). Hicks: Capital & growth [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1997, March 7). Monetary base & money supply [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1996, May 26). Buenos Aires [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1997, May). Macrodynamics [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1997, May). (Mexico 5/97) Macro dynamics, cycles, & growth [Handwritten notes]. Unpublished manuscript.

Notes On The Estimation Of Regulating Profit Rates, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Zacharias, A. (1997, May). Notes on the estimation of regulating profit rates [Unpublished manuscript].

• Shaikh, A. (1997, June 13). Marginal profit rates and long term returns [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1997, June 12). Cheryl Bowles (?) / Godley trade model research [Handwritten notes]. Unpublished manuscript.

• Armstrong, P., & Glyn, A. (1980, March). The law of the falling rate of profit and oligopoly: A comment on Shaikh. Cambridge Journal of Economics, 4(1), 69–70. Oxford University Press (for the Cambridge Political Economy Society).

Money Stock, Anwar Shaikh Phd

Archives of Anwar Shaikh

• Money stock 3/97 [Archival folder]. (1997, March).

• James S. Earley, Robert J. Parsons, & Frank A. Thompson. (1976). Money, credit, and expenditure: A sources and uses of funds approach (Bulletin 1976-3). New York, NY: New York University Graduate School of Business Administration, Center for the Study of Financial Institutions.

• Anwar Shaikh. (1996, November). Charts and tables on monetary and credit stocks, nominal GDP, and related variables [Unpublished data tables and charts]. New York, NY: Author.

• Anwar Shaikh. (1995, December 26). Gold prices and inflation [Unpublished handwritten notes]. New York, NY: Author.

• Anwar Shaikh. (n.d.). Excess …

Notes On An Hahn Equilibrium Paper, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Hahn, F. H. (1984). Equilibrium and macroeconomics. Basil Blackwell.
• Shaikh, A. (1997). Ex ante stock-flow matrix with government, banks and foreign sector (Unpublished manuscript).
• Shaikh, A. (1984). The new microeconomics (Eichner) (Unpublished manuscript).

Money Stock, Anwar Shaikh Phd

Archives of Anwar Shaikh

• Money stock 3/97 [Archival folder]. (1997, March).

• James S. Earley, Robert J. Parsons, & Frank A. Thompson. (1976). Money, credit, and expenditure: A sources and uses of funds approach (Bulletin 1976-3). New York, NY: New York University Graduate School of Business Administration, Center for the Study of Financial Institutions.

• Anwar Shaikh. (1996, November). Charts and tables on monetary and credit stocks, nominal GDP, and related variables [Unpublished data tables and charts]. New York, NY: Author.

• Anwar Shaikh. (1995, December 26). Gold prices and inflation [Unpublished handwritten notes]. New York, NY: Author.

• Anwar Shaikh. (n.d.). Excess …

Inflation Forecasts: How Good Are They?, Dean D. Croushore

Economics Faculty Publications

Forecasts of inflation affect decision-making in many segments of the economy. But in the early 1980s, economists found that forecasts in surveys taken over the past 20 years systematically underpredicted inflation. As a result, many economists stopped paying attention to forecasts. However, they may have abandoned them too quickly. In this article, Dean Croushore takes a closer look at survey forecasts and, after considering some relevant factors, concludes that inflation forecasts may not be as bad as you think.

Monopolistic Competition Revisited, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Chamberlin, E. H. (1951, November). Monopolistic competition revisited. Economica, 18(72), 343–362.

• Shaikh, A. (1992, July 29). Patinkin on bonds [Handwritten notes]. Universidad Complutense cursos de verano stationery.

• Shaikh, A. (1996, July 14). Finance, expenditure and effective demand (File: c:\macroec\effdd02.wpd) [Unpublished manuscript].

• Shaikh, A. (1996, June 18). Finance, expenditure and effective demand (File: c:\macroec\effdd01.wpd) [Unpublished manuscript].

• Shaikh, A. (1996, September 15). Patinkin: “Walras’ law” [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1993, October 18). Foundations of macro models [Handwritten course notes for ECO 2105]. Unpublished manuscript.

• Shaikh, A. (n.d.). Flex-price model …

Notes On Flow Of Funds Accounts, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Anwar Shaikh. (1996, January). Notes on flow of funds accounts [Unpublished typed notes]. New York, NY: Author.

The Economic Analysis Of Advanced Capitalism, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Small ex ante macromodel: K/S version [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (n.d.). Lavoie [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2001, January). The economic analysis of advanced capitalism II [Syllabus for Economics 205]. Unpublished manuscript.

• Appendix on nonlinear dynamical systems (p. 27) [Typed document page]. (n.d.).

• Shaikh, A. (1995, July 20). Aggregate demand–demand theories [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1995, July 24). Aggregate demand–demand theories [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (n.d.). Finance and expenditure with government [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1995, February …

The Price Level Implicit In Keynes' Effective Demand, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Parrinello, S. (1980, Fall). The price level implicit in Keynes’ effective demand. Journal of Post Keynesian Economics. Publisher details not identified.

• Weintraub, S. (1980, Fall). Comment on aggregate demand and price level diagrammatics. Journal of Post Keynesian Economics. Publisher details not identified.

• Shaikh, A., PhD. (1996, June 14). Finance, expenditure, and effective demand [Unpublished manuscript].

• Shaikh, A., PhD. (1996, June 19). Expectations, Keynes, and Walras’ law [Handwritten notes; unpublished manuscript].

Evaluating Mccallum's Rule For Monetary Policy, Dean D. Croushore, Tom Stark

Economics Faculty Publications

Some economists have proposed that the Federal Reserve follow a rigid rule for conducting monetary policy. A policy rule is a formula that tells the Fed how to set monetary policy. For example, in 1959 Milton Friedman argued that the Fed should increase the money supply a constant 4 percent each year to eliminate inflation and avoid destabilizing the economy. More recently, other economists have identified an additional benefit: a rule can eliminate the inflationary bias that could occur when discretionary monetary policy is used. Under a discretionary policy, decisions are made on a case-by-case basis.

But economists don't agree …

Pasinetti Correspondence, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (1995, December 19). Letter to Luigi Pasinetti regarding absolute versus comparative advantage and relative unit labor costs [Unpublished letter].

• Pasinetti, L. (1995, July 25). Letter to Anwar Shaikh discussing his analysis and the principle of comparative advantage [Unpublished letter].

• Shaikh, A., PhD. (n.d.). Letter to Luigi Pasinetti comparing their arguments on international trade, absolute advantage, and the balance of trade [Unpublished letter].

• Pasinetti, L. (1995, February 14). Letter to Anwar Shaikh regarding papers on exchange rates, comparative costs, and free trade [Unpublished letter].

• Shaikh, A., PhD. (1995, July 11). …

Io Data And Calculations, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• AMS1_47.MCD: Direct prices and Marxian standard prices of production [Calculation packet computing technical, depreciation, capital, and labor coefficients together with market and direct prices, wage-profit relations, price-value ratios, and population-market comparisons]. (1994, December 8-12).
• AMS1_72.MCD: Direct prices and Marxian standard prices of production [Calculation packet computing direct and Marxian standard prices, standard-money and value deviations, observed-rate population comparisons, and capital-output ratios]. (1994, December 5-10).
• AMS1_72.MCD: Prices of production at observed r=.188 vs market prices [Annotated chart output comparing production and market prices and recording capital-output ratios, variation measures, and a note excluding AMS1_72A.MCD]. (1995, June 21).
• AMS_1.MCD: …

Assorted Keynesian Money And Employment Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Theory of the firm, dominant economic theory, and aggregate supply and demand [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1993, October 20). Firms operating in real terms [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1993, October 19). Firms operating in expected real terms [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1993, August 28). Endogenous money supply in my “Keynesian” model [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1993, August 25). Endogenous money supply and aggregate budget restraints [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1993, October 9). Outline: Expectations in Keynesian and neoclassical …

Is 'Keynesian Policy' Still Viable?, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Six, single-sided pages of hand-written notes on Keynesian critique of capitalism. While according to J Robinson “Marx is a socialist who analyzed capitalism,” and “Marshal is a Capitalist who analyzed Socialist," Minksy writes “Keynes is a capitalist who analyzed capitalism,” and “uncovered flaws in capitalism due to the very nature of capitalism.” Discusses Keynes work in the 1930s and his time spent in Chicago, among other things. Marked in black ink.

Various Shaikh Publication Drafts, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Anwar Shaikh. (1994, November). The analytical structure of classical Marxian economics (Draft manuscript). Department of Economics, The New School for Social Research, New York, NY.

• Anwar Shaikh. (1982, August). Marxist theories of crisis (Unpublished manuscript). Department of Economics, The New School for Social Research, New York, NY.

• Anwar Shaikh. (1985, March). Investment and finance in Marx and Keynes (Preliminary draft manuscript). Department of Economics, The New School for Social Research, New York, NY.

• Anwar Shaikh. (1988, November 1). Notes on Goodwin’s model of accumulation and the reserve army of labor (Unpublished notes). Department …

The Essential Characteristics Of Post-Keynesian Economics, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Printout of article found on floppy disk in Archives.

The Demand For Money Function In Nigeria: An Empirical Investigation, F.O. Oresotu, C.N.O. Mordi

CBN Occasional Papers

This paper provides further empirical evidence on the nature of the demand for money function in Nigeria for the period 1960-1991. The paper also addressed the issue of the appropriate adjustment process, structural stability of the estimated equations, as well as the influence of external factors on money demand function in an open economy, such as Nigeria. The main conclusions which emerged from the analysis are that, the real adjustment mechanism appeared to be the most appropriate adjustment process for modelling money demand in Nigeria; the influence of external variables like the foreign interest rate and exchange rate should not …

What Are The Costs Of Disinflation?, Dean D. Croushore

Economics Faculty Publications

The Federal Reserve can use monetary policy to reduce the inflation rate, a process known as disinflation. Are the benefits of disinflation worth the costs? Proponents of disinflation argue that the long-run benefits of price stability, including lower interest rates, increased economic efficiency, and perhaps faster economic growth, greatly exceed the short-run costs. Opponents, of course, claim the opposite, usually arguing that the short-run costs in terms of higher unemployment and lost output would be immense.

Stability Of Non-Linear Difference Eq Systems, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A. (1992, April 1). Stability of non-linear difference equation systems [Unpublished handwritten manuscript]. Anwar Shaikh, PhD.