Political Economy Commons^™

(Review) The Myth Of Adam Smith, Spencer J. Pack

Economics Faculty Publications

The Myth of Adam Smith, By Salim Rashid. Cheltenham, UK: Edward Elgar, 1998. Pp. X, 227. $80.00

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.

Murray Rothbard’S Adam Smith, Spencer J. Pack

Economics Faculty Publications

No abstract provided.

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, …

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.

(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.

(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.

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.

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.

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."

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.

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

Economics Faculty Publications

No abstract provided.

Marx Book, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

Five documents compiled by Anwar M. Shaikh, PhD, of the Department of Economics, New School for Social Research. Materials span 1992–1994 and represent drafts, course materials, and a working paper related to Shaikh's research in Marxian political economy. All items are unpublished in the forms preserved here, with extensive handwritten annotations throughout.

Item 1. The economic analysis of capitalist systems (draft, n.d.). Title page, introduction, and chapter outline for a projected book-length treatment organized in five parts: (I) the structure of Marxian political economy; (II) commodities, money, and capital; (III) Marxist categories and national accounts; (IV) accumulation …

(Review) Stewart Justman, The Autonomous Male Of Adam Smith, Spencer J. Pack

Economics Faculty Publications

No abstract provided.

Rigging The Lobbying Process: An Application Of The All-Pay Auction, Michael R. Baye, Dan Kovenock, Casper G. De Vries

Economics Faculty Articles and Research

In a world where a politician can explicitly auction off a prize to the high bidder, the standard auction literature can be used to analyse political behavior. The justice system, however, precludes politicians from explicitly selling the prize to the highest bidder. Thus politicians cannot let it become public knowledge that they are in the business of selling political favors. An institution has emerged in political markets to overcome this constraint which are termed as lobbying. Lobbyists make implicit payments to the politician through campaign contributions. If these up-front payments were rebated to those failing to receive the prize, it …

The Analytical Structure Of Classical Marxian Economics, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (1993, December). The analytical structure of classical Marxian economics [Draft; unpublished manuscript].

Fixed Capital Theory, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Gordon, R. J. (1993, March). Reply: The concept of capital. Review of Income and Wealth, 39(1), 103–110. International Association for Research in Income and Wealth; Wiley.

• Cohan, A. B. (1975, July). Clarification of the reinvestment assumption in capital analysis: Clarification, comment, query. Journal of Business Research, 3(3), 239–242. Elsevier.

• Schefold, B. (1976). Reduction to dated quantities of labour, roundabout processes, and switches of technique in fixed capital systems. Metroeconomica, 28(1), 1–15. Wiley.

• Shaikh, A. (1978, August 10). Rate of return [Handwritten notes].

• Shaikh, A. (1983, May). Paul Swanson’s “The …

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.

Labor, Technical Change, And The Occ, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Anwar Shaikh. (n.d.). Reading list for a lecture on the labor process and the theory of technical change [Unpublished reading list]. Probable authorship attributed to Anwar Shaikh, PhD.

• Shaikh, A. (1992, September 21). Sticky note listing items included in the packet [Unpublished handwritten note]. Author.

• Shaikh, A. (1986, August). Organic composition of capital [Unpublished manuscript prepared for The New Palgrave]. Author.

Notes On Class Struggle, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A. (1982, January 16). Notes on class struggle [Unpublished handwritten notes].

• Shaikh, A. (1992, December 7). Class; exploitation and surplus labor (Eco 106) [Unpublished handwritten notes].

• Shaikh, A. (1983, October 30). Profit (Eco 104) [Unpublished handwritten notes].

• Shaikh, A. (1976, November 18). Notes on Vol. I: Chapter XI—Rate and mass of S.V.; Chapter XII—Relative S.V.; Chapter XIII—Cooperation (Eco 205) [Unpublished handwritten notes].

Notes On Marx On Money, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• A handwritten folder cover sheet, credited to Anwar Shaikh, PhD, bearing the title Notes on Marx on money along with cross-reference jottings to related folders, a contact name, and a phone number. Undated.
• Shaikh, Anwar, PhD. Money, or the circulation of commodities: notes on Capital, volume I, chapter III [Unpublished manuscript]. International Publishers edition, 1967, referenced. Undated.
• Shaikh, Anwar, PhD. Gold, tokens, and "paper" currency [Unpublished manuscript]. 1983, October 6.
• Shaikh, Anwar, PhD. Marx on money: a contribution to the critique of political economy, chapter 2 [Unpublished manuscript]. International Publishers edition, 1970, referenced. Summer 1974.
• Shaikh, Anwar, …

Stability In Dynamic Neoclassical Models & Other Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD, & Godley, W. (1992, April 10). Stability in dynamic neoclassical models. Unpublished manuscript.

• Shaikh, A., PhD. (1992, April). Sargent’s model [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (n.d.). Comment on dynamic system [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1996, June 19). Why government deficit financed by bonds can be expansionary [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1985, August 13). Marx, Luxemburg, Keynes, Harrod [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1991, April 18). Marx / Keynes on Ed Chilcote [Handwritten notes for Eco 210S]. Unpublished manuscript.

• Shaikh, A., PhD. (1982, April …

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Falling Rate Of Profit, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (1980, December). Complete automation and capitalism [Handwritten notes]. Unpublished manuscript.

• General Electric. (1983, January). As investment intensity rises, profitability declines [Study prepared for managerial use]. Unpublished manuscript.

• Shaikh, A., PhD. (n.d.). Capital intensity, productivity and real wages, profit rates, and real profits and stock market index [Charts]. Unpublished manuscript.

• Shaikh, A., PhD. (1987, Fall). An empirical comparison of Dept. I and Dept. II, for the U.S. [Handout for Economics 204 and Economics 205]. Unpublished manuscript.

• Shaikh, A., PhD. (1984, May; revised 1989, February). Dynamics of the falling rate of profit [Excerpt]. Unpublished manuscript.

• Shaikh, …

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Reglementation, Intervention Et Impot Regressif Dans La Richesse Des Nations, Spencer J. Pack

Economics Faculty Publications

No abstract provided.

Empirical Cost Curves Documentation, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Jepsen, M. (2014, August 29). Letter enclosing documentation copies and flash drive per Professor Snyder’s request [Letter to A. Shaikh].

• Shaikh, A. (2015, January 13). Letter regarding a document provided by Dick Goodwin and its evaluation by Luigi Pasinetti, Alister Watson, Piero Sraffa, and Geoff Harcourt [Unpublished handwritten letter; author listed as Vela, uncertain].

• Schefold, B. (1971). Theorie der Kuppelproduktion [Cover page]. Basel, Switzerland: Author.

• Shaikh, A. (1983, January 5). Empirical cost curves, shift work, etc.: General background resources and other sources [Unpublished handwritten notes].

• Shaikh, A. (1991, December 17). Notes on …

Marx - Keynes - Kalecki - Harrod - Okishio, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (n.d.). Marx/Keynes/Kalecki/Harrod (Okishio) and aggregate sources and uses of funds [Folder cover]. Unpublished manuscript.

• Shaikh, A., PhD. (1988, May 16). Overview and basic relations in Keynesian form [Handwritten notes for a Marx-Keynes Seminar]. Unpublished manuscript.

• Shaikh, A., PhD. (1990, May). Aggregate sources and uses of funds [Diagram]. Unpublished manuscript.

• Shaikh, A., PhD. (1991, April 19). Marx-Keynes [Handwritten notes covering Alvaro de Castro on Keynes’s theory of effective demand]. Unpublished manuscript.

• Shaikh, A., PhD. (1991, April 19). Note: Show circuits of capital in expanding reproduction as a double helix [Handwritten note]. Unpublished manuscript.

• Shaikh, A., …

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Notes On Limit Systems & Emmanual, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Anwar Shaikh. (1988, November 26). Structure of limit cycles systems (Handwritten notes). Department of Economics, The New School for Social Research, New York, NY.

• Harry Braverman. (1974). Labor and monopoly capital: The degradation of work in the twentieth century [Photocopied title page with handwritten notes]. Monthly Review Press, New York, NY.

• Anwar Shaikh. (1977, March 29). Notes on Emmanuel (Handwritten notes). Department of Economics, The New School for Social Research, New York, NY.

• Anwar Shaikh. (n.d.). Emmanuel: Notes on the limits and implications of unequal exchange (Handwritten notes). Department of Economics, The New …

Do Not Dump On The Unoites, Spencer J. Pack

Economics Faculty Publications

No abstract provided.

Growth + Cycles Last Class, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Anwar Shaikh. (1988, November 26). Structure of limit cycles systems (Handwritten notes). Department of Economics, The New School for Social Research, New York, NY.

• Harry Braverman. (1974). Labor and monopoly capital: The degradation of work in the twentieth century [Photocopied title page with handwritten notes]. Monthly Review Press, New York, NY.

• Anwar Shaikh. (1977, March 29). Notes on Emmanuel (Handwritten notes). Department of Economics, The New School for Social Research, New York, NY.

• Anwar Shaikh. (n.d.). Emmanuel: Notes on the limits and implications of unequal exchange (Handwritten notes). Department of Economics, The New …

Government Financial Policy And Capital, Dean D. Croushore

Economics Faculty Publications

Economists have long been concerned about the best way to finance government deficits. Finding the proper fiscal policy and monetary policy mix is a crucial decision. When government debt grows too fast, interest rates rise and capital is crowded out. If the money growth rate is excessive, inflation occurs.

The study of this issue at the theoretical level requires a model which incorporates the following features: (1) modeling money and bonds as endogenous financial assets, whose rates of return are determined in general equilibrium, (2) examination of the utility maxi mization decisions of individuals, so that welfare analysis of alternative …