Economic Theory Commons^™

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 Charts and tables on monetary and credit stocks, nominal GDP, and related variables [Unpublished data tables and charts].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 Gold prices and inflation [Unpublished handwritten notes].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 Ex ante stock-flow matrix with government, banks and foreign sector (Unpublished manuscript).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 The new microeconomics (Eichner) (Unpublished manuscript).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 The structure of exchange rate theory: An alternate approach with empirical evidence (Unpublished manuscript).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 The communist manifesto (Unpublished one-page talk manuscript).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 Charts and tables on monetary and credit stocks, nominal GDP, and related variables [Unpublished data tables and charts].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 Gold prices and inflation [Unpublished handwritten notes].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."

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.

Seventy-Five Years Of Economic Thought In Egypt, Galal A. Amin

Faculty Book Chapters

Tue fundamental determinant of how societies cope with challenges is ultimately found in their human resource base. Nothing is more important than education, in its broadest sense, to the strength of that base. Forming a vital part of any educational system, social science not only helps societies define themselves but also to identify, and indeed generate, possibilities of what they might become. Whether by transmitting or challenging conceptions of the nature of a society's relation to its members or to other societies, or by raising pertinent questions regarding these issues, what is done--or not done--in the social sciences is likely …

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 All-Pay Auction With Complete Information, Michael R. Baye, Dan Kovenock, Casper G. De Vries

Economics Faculty Articles and Research

In a (first price) all-pay auction, bidders simultaneously submit bids for an item. All players forfeit their bids, and the high bidder receives the item. This auction is widely used in economics to model rent seeking, R&D races, political contests, and job promotion tournaments. We fully characterize equilibrium for this class of games, and show that the set of equilibria is much larger than has been recognized in the literature. When there are more than two players, for instance, we show that even when the auction is symmetric there exists a continuum of asymmetric equilibria. Moreover, for economically important configurations …

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].

Slavery, Adam Smith’S Economic Vision And The Invisible Hand, Spencer J. Pack

Economics Faculty Publications

Smith was against slavery on moral and economic grounds. The "invisible hand" in societies which allow slavery, operates in such a way that increases in the wealth of the rich, leads to increased misery for the poor free citizens as well as for the slaves themselves. It seems that the beneficial workings of the "invisible hand" are dependent upon commercial societies which arc not based upon the institution of slavery.

Temporary Equilibrium Dynamics With Bayesian Learning, Shurojit Chatterji

Research Collection School Of Economics

This paper examines the stability of deterministic steady states in a class of economies where the state variable is one dimensional and where agents use Bayesian techniques to form expectations. The dynamics with learning are locally convergent if the prior mean is close to a stable perfect-foresight root having modulus less than 1 and if the prior beliefs are held with enough confidence. The dynamics are, however, divergent if the prior mean or the variance of the prior distribution is sufficiently large

Paul Krugman And The Illusion Of The Illusion Of Conflict In International Trade, Spencer J. Pack

Economics Faculty Publications

No abstract provided.

Capital Structure And Product-Market Rivalry: How Do We Reconcile Theory And Evidence?, Dan Kovenock, Gordon Phillips

Economics Faculty Articles and Research

This paper presents empirical evidence on the interaction of capital structure decisions and product market behavior. We examine when firms recapitalize and increase the proportion of debt in their capital structure. The evidence in this paper shows that firms with low productivity plants in highly concentrated industries are more likely to recapitalize and increase debt financing. This finding suggests that debt plays a role in highly concentrated industries where agency costs are not significantly reduced by product market competition. Following the empirical evidence we introduce the "strategic investment" effects of debt and argue that this effect, in conjunction with agency …

The Capitalist Color Process - Competition And The Choice Of Technique, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Okishio, N. (1963). A mathematical note on Marxian theorems. Weltwirtschaftliches Archiv. Publisher details not identified.

• Schefold, B. (1976, December). Different forms of technical progress. The Economic Journal. Publisher details not identified.

• Shaikh, A. (1995, October). The path of the actual mass of profit [Paper for Eco 204]. Unpublished manuscript.

• Shaikh, A. (1981, February). Conditions for a rising ratio of materialized labor to living labor [Paper for Eco 205]. Unpublished manuscript.

• Juillard, M. (1989, March). The regime of intensive accumulation of the post-war: The case of France and the U.S. Unpublished manuscript.

• Shaikh, A. (1987, March …

  ---

  Go to article

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 …

Notes On The Marxian Notion Of Competition, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1981, February). Conditions for a rising ratio of materialized labor to living labor [Typewritten course notes for Eco. 205]. Anwar Shaikh, PhD.

• Shaikh, A. (n.d.). A retrospective on the choice of technique debate [Unpublished typewritten notes]. Anwar Shaikh, PhD.

• Shaikh, A. (1984, May; revised 1987, March). Dynamics of the falling rate of profit [Unpublished typewritten notes]. Anwar Shaikh, PhD.

• Shaikh, A. (1995, November 1). Choice of technique and the pricing decision [Typewritten course notes for Eco. 204]. Anwar Shaikh, PhD.

• Weston, J. F., & Brigham, E. F. (1982). Essentials of managerial finance (6th ed.). Dryden …

  ---

  Go to article

Trade + Xr, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A. (1995, July 6). Summary of my XR theory (xrsum495.wpd) [Unpublished manuscript].

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). …

Walrasian Comp, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (n.d.). Walrasian comp and PC [Unpublished handwritten notes].

• Roberts, J. (1987). Perfectly and imperfectly competitive markets. In P. Newman (Ed.), The New Palgrave (pp. 1–20). Macmillan.

• Shaikh, A., PhD. (1995, July 24). Rational expectations and perfect competition [Unpublished paper].

• Moustafa, A. (n.d.). A critique of the theory of perfect competition [Political economy qualifying exam paper].

• Roberts, J. (1987). Perfectly and imperfectly competitive markets [Photocopy of book chapter]. In P. Newman (Ed.), The New Palgrave (pp. 1–20). Macmillan.

• Stigler, G. J. (1957, February). Perfect competition, historically contemplated. The Journal …

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 …

Fallibility And Sequential Decision-Making, Winston T. H. Koh

Research Collection School Of Economics

Individuals typically make errors in evaluating information. In this paper, we consider a project selection problem, where fallible managers screen projects sequentially, and provide independent opinions on its quality. We compare the relative performance of the hierarchy and polyarchy when η (n > 2) managers are employed to evaluate projects. In addition to generalizing the existing results on the optimal screening standards, I discuss and characterize the optimal organizational size, and how the relative desirability of the two sequential decision processes are affected by changing the project quality. Finally, I also discuss the effect of variable evaluation costs on the optimal …

Theoretical Explanations Of Persistent Black Youth Unemployment, Rhonda M. Williams

Trotter Review

This essay reviews and briefly summarizes three theoretical models used most often to explain two decades of persistently high unemployment among black youth and declining rates of male labor-force participation: neoclassical, Keynesian/neo-Keynesian, and radical perspectives. Based on a review of these models, it offers an alternative approach to explaining and analyzing black youth unemployment.

Cartels In An "Nth-Best" World: The Wholesale Foodstuff Trade In Ibadan, Nigeria, Harlan M. Smith Ii, Margaret E. Luttrell

Economics Faculty Research

The purpose of this paper is to develop an understanding of the economic functions and associated welfare implications of the cooperative associations that dominate the wholesale trade in two staple foods. Questionnaire responses lead to several conclusions. Individual traders face incomplete markets, imperfect information, and little government-provided institutional and physical infrastructure. The associations are sophisticated "Coase-like" responses to this market environment: they focus on reducing their members' transaction costs, and hence the marginal private costs of trading. Thus it is likely that these associations enhance efficiency. We conclude with a critique of current government policy with respect to this trade.

Constitutionalizing The Economy: German Neo-Liberalism, Competition Law And The "New" Europe, David J. Gerber

All Faculty Scholarship

No abstract provided.

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.