Economic Theory Commons^™

Public Sector Growth: An Econometric Test Of Wagner's Law, E. A. Essien

Economic and Financial Review

This study makes use of recent developments in econometric technique to test Wagner s Law of increased state activity according to which Government Expenditure must increase at a rate faster than National Output. It makes use of three different interpretations of the Law, namely, increasing relative share for the public sector in the total economy as per capita real income grows, total government expenditure as a function of real income, and relating per capita total government expenditure to per capita income. In all cases the variables were not cointegrated hence a long run equilibrium relationship could not be established between …

How Not To Prevent Oil Crises: Challenge For An Education President, Ibpp Editor

International Bulletin of Political Psychology

This article describes several problematic approaches that are components of lay psychology.

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.

(Reviews) Economic Thought Before Adam Smith And Classical Economics, Spencer J. Pack

Economics Faculty Publications

Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Volume I. By Murray N. Rothbard. Brookfield. Vermont: Edward Elgar Publishing Limited, 1995. Pp. 556. $99.95.

Classical Economics: An Austrian Perspective on the History of Economic Thought, Volume II. By Murray N. Rothbard. Brookfield. Vermont: Edward Elgar Publishing Limited, 1995. Pp. 528. $99.95.

State And Industrial Capitalists In Egypt, SāMir SulaymāN

Archived Theses and Dissertations

No abstract provided.

(Review) Ian Simpson Ross, The Life Of Adam Smith And Jerry Z. Muller, Adam Smith In His Time And Ours, Spencer J. Pack

Economics Faculty Publications

No abstract provided.

The Livingston Survey: Still Useful After All These Years, Dean D. Croushore

Economics Faculty Publications

The decisions of households, firms, and government agencies depend on forecasts of the overall economy. Large firms and the federal government often have the resources to hire their own economists to provide forecasts. But households, small firms, and local governments often depend on surveys of forecasters to get their information. In this article, Dean Croushore spotlights the Livingston Survey, which, even after 50 years, still provides useful forecasts of the economy.

Adam Smith On The Virtues: A Partial Resolution Of The Adam Smith Problem, Spencer J. Pack

Economics Faculty Publications

Adam Smith's definition of justice as a moral virtue based on the "passion" of resentment in 'The Theory of Moral Sentiments' (1759), despite seeming contradictions, supports his analysis of an acquisitive, commercial society in 'The Wealth of Nations' (1774) partly by precluding the concept of a just price.

Tobin, James, Tony Caporale

Economics and Finance Faculty Publications

James Tobin was born in Champaign, Illinois, in 1918. He received his bachelor's degree in 1939 and his master's degree in 1940, both from Harvard. Following naval service during the years 1942-6, he returned to his graduate studies and received his PhD from Harvard in 1947. In 1950, he joined the economics department at Yale University, and he has largely remained at Yale and has been identified with this institution throughout his career. He twice directed the Cowles Foundation for Research in Economics, first from 1955 to 1961, and then from 1964 to 1965. He also served for two years, …

Gatt, Dispute Settlement And Cooperation: A Reply, Dan Kovenock, Marie Thursby

Economics Faculty Articles and Research

In our 1992 paper, we analyzed GATT and its dispute settlement procedure (DSP) in the context of a supergame model of international trade featuring both explicit (GATT) and implicit (non-GATT) agreements. Our paper departed from the previous economics literature on GATT enforcement (see, for instance Hungerford (1991) and Ludema (1990)) by incorporating the ``twin engines of international obligation and retaliation'' (Hudec, 1990). International obligation imposed a cost of violating an explicit international agreement, such as GATT, while retaliation could take place either within the rules stipulated by the international agreement or by punishment outside of the agreement. In Section 2 …

Demand Fluctuations And Capacity Utilization Under Duopoly, J. J. Gabszewicz, Sougata Poddar

Economics Faculty Articles and Research

This paper studies the impact of uncertain demand on firms' capacity decisions when they operate in an oligopolistic environment. We define a two-stage game where firms choose capacity in the first stage without knowing which state of nature is going to realize, and output levels in the second, knowing which state is realized. We prove the existence of a symmetric subgame perfect equilibrium at which firms are in excess capacity compared with the capacity they would choose in the Cournot certainty equivalent game.

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.

Accounting For The Change In Income Disparities Between Us Central Cities And Their Suburbs From 1980 To 1990, Edward W. Hill, Harold L. Wolman

All Maxine Goodman Levin School of Urban Affairs Publications

Develops a method that uses cluster analysis to group central cities in the United States. Selection of the candidate cluster solutions; Median characteristics of the clusters; Stressed central cities; Healthy central cities.

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).

On Game Theory And The Law, Kenneth G. Dau-Schmidt, Jeffrey E. Stake, Robert H. Heidt, Eric Rasmusen, Michael Alexeev

Articles by Maurer Faculty

No abstract provided.

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).

Strucutre Of Xr Theory, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Anwar Shaikh. (1997, July 13). The structure of exchange rate theory: An alternate approach with empirical evidence (Unpublished manuscript). Department of Economics, The New School for Social Research, New York, NY.

Communist Manifesto, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Anwar Shaikh. (1997, November). The communist manifesto (Unpublished one-page talk manuscript). Department of Economics, The New School for Social Research, New York, NY.

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 …

Exercise The Power Of The Purse With Hussein, Porcher L. Taylor Iii

School of Professional and Continuing Studies Faculty Publications

In the same shrewd diplomatic spirit displayed by the Pentagon in its recent purchase of a squadron of MIG-29 fighter jets from Moldova in order to preempt the sale of the planes to Iran, the U.S. should offer to buy Iraq's entire biochemical weapons arsenal and then destroy it in place. Let's call this emerging instrument of U.S. foreign policy "preemptive economic diplomacy."