Political Economy Commons^™

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 …

More Crisis Paper Work, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Note for Fred regarding revisions to a paper and word limits across all papers: Handwritten note. Unpublished manuscript.

• Shaikh, A. (1987, December 8). Sat conf: Causes of crash: Handwritten notes discussing the stock market crash, long-term dynamics versus conjunctural factors, and the politics of crisis. Unpublished manuscript.

• Shaikh, A. (n.d.). Pessimism of Eurocommunism, Maoism as a displacement of revolution, and socialist politics as electoral politics: Handwritten notes citing Hirst (1985). Unpublished manuscript.

• Shaikh, A. (1983, September 9). Note regarding reading notes and xeroxes for RAL for Nestor: …

Assorted Data And Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• NA-21-52 [Red folder cover label]. Unpublished manuscript.

• U.S. Department of Commerce, Bureau of Economic Analysis. (n.d.). Survey of current business: Excerpted data tables including truck output, farm sector output, and housing sector output. Unpublished manuscript.

• U.S. Department of Commerce, Bureau of Economic Analysis. (n.d.). Gross national product by sector in 1982 dollars, 1929–1985: Excerpted table. Unpublished manuscript.

• Computer Instruction Center. (n.d.). Capital stock data base: Typed document detailing general description, list of data files, methodology, and storage format. Unpublished manuscript.

• Shaikh, A. (1984, November). Data update: Final series 1979–1984: …

Fixed Capital And Macroeconomics, Anwar Shaikh Phd

Archives of Anwar Shaikh

This folder includes:
Handwritten note cards titled:

• Credit as the Basis of the Continuity of the Process of Production Based on Capital
• Credit and Accumulation
• Credit and Fictitious Capital
• Credit and Fictitious Capital
• Credit & Fictitious Capital
• Credit & the Economic Cycle
• Stock Capital
• Fictitious Capital
• Fictitious Capital
• Credit
• Credit

Growth And Flexibility Of Federal Government Tax Revenue 1960 - 79, S. E. Omoruyi

Economic and Financial Review

The paper is divided into two parts. Part I discusses the growth of tax revenue including an analysis of shifts, if any, in revenue productivity of taxes or tax types. Part II outlines our flexibility co-efficients based largely on single equation, simple regression model.

Money - General, Anwar Shaikh Phd

Archives of Anwar Shaikh

This folder includes:
Handwritten note cards titled:

• Velocity of Circulation & Crises, on gold sufficiency when k = 1, the credit system increasing velocity on a smaller base of hard cash, and sensitivity to fluctuations with declining reserve ratio (2/21/77)
• Hoarding, on holding the money-form of a commodity, citing Capital Vol. II, Ch. V, p. 126 on value in its always convertible form
• Circulation of Money, on ideal prices prior to exchange, regulating ideal price vs. actual ideal price, and the Walrasian auctioneer
• Essence of Money-Commodity, on circulation requirements, the historical development of the money-commodity as …

"U", Anwar Shaikh Phd

Archives of Anwar Shaikh

This folder includes:
Handwritten note cards titled:

• Stocks & Flows in Value Scheme (J.R., An Essay on Marxian Economics)
• Neo-Ricardians & Neo-Hegelians (4/77)
• Time, Interest, and Production (Vol. III, Ch. XXI, pp. 356–)
• Oligopoly & Competitive Sectors (6/8/77)
• Rate of Profit & Markup
• Markup
• Taxes & Prices (5/20/77)
• Joint Products
• Prices & Center of Gravity
• Money as Capital (12/4/77)
• Money Funds & Latent Money-Capital
• Prices: Market, Price of Production, and Value
• “[Quantitative] Overriding Objective: Exp…”
• State Capitalism (Bettelheim) (7/79)
• Dominance & Limits (8/20/79)
• Transfer of Value & Rate of Profit
• Average Commodity, Average Profit, and Average Surplus-Value
• Transfer of …

Free Enterprise: The Greatest Story Never Told (Until Now), Don P. Diffine Ph.D.

Belden Center Books

The goal of this report, originally released under the title Students for Private Enterprise Education in 1976, has been to develop and use objective, responsible, and nonpartisan multi-media ways to put a little polish on each citizen's amateur status as his own personal economist, thereby counteracting much of the unearned anti-business bias so prevalent today.

Federal Reserve Lending To Commercial Banks: Effects On Financial Market Stability And Monetary Control, David Allen Simantel

Dissertations and Theses

The Federal Reserve has proposed a change in its method of administering the discount window. This paper looks at the effects of this proposal on monetary control and on the money markets, assuming that banks base their behavior on profit maximization over the long run.

First, the reserve supply process is postulated. The conditions under which borrowing from the Federal Reserve will improve or reduce monetary control are stated. Second, the primary reserve adjustment process is formulated to show how primary reserve adjustment can affect rates in the money market. Finally arguments are set forth to show how borrowed reserves …

Policy And Poverty, Part 1, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

This is the first draft of the first chapter of a possible book Hyman P. Minsky was writing on Policy and Poverty. In this chapter he discusses poverty and income distribution programs in the case of rich countries, where poverty is measured in a relative sense and income in terms of total satisfaction that a household acquires through its provision of private and public goods. Minsky stresses that a successful poverty alleviation program should first, work with and not against economic forces, second, have realistic goals and effective policy instruments and third, have recognizable benefits for the well-off too. Specifically, …

Policy And Poverty, Part 3, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Part 3 of an unfinished book.

Policy And Poverty, Part 2, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Part 2 of an unfinished book.

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1966, Central Bank Of Nigeria

CBN Annual Report

CBN Annual Report and Statement of Accounts for 1966 discussed the economic performance of Nigeria with emphasis on inflation rate, GDP growth, exchange rate stability, banking sector performance, monetary policy, financial stability, fiscal policy, and regulatory updates. The state of the Nigerian economy in 1966 was dictated mainly by the social and political uncertainties that engulfed the country beginning in 1965. The country experienced mounting political problems in 1965, which, by the fourth quarter of that year, had become an important factor in the future investment plans of the business community. A growing burden of external debt and the slow-down …

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1965, Central Bank Of Nigeria

CBN Annual Report

CBN Annual Report and Statement of Accounts for 1965 discussed the economic performance of Nigeria with emphasis on inflation rate, GDP growth, exchange rate stability, banking sector performance, monetary policy, financial stability, fiscal policy, and regulatory updates. Two major developments dominated the world economic scene in 1965. One was the overall slowdown of economic expansion in most industrialized countries. The other was the overall contraction in the growth rate of world trade and in the flow of international capital. Due to the problem of balance of payment disequilibrium, the industrialized countries intensified economic measures to achieve internal stability and equilibrium …

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1963, Central Bank Of Nigeria

CBN Annual Report

CBN Annual Report and Statement of Accounts for 1963 discussed the economic performance of Nigeria with emphasis on inflation rate, GDP growth, exchange rate stability, banking sector performance, monetary policy, financial stability, fiscal policy, and regulatory updates. Nigeria's economy made significant gains in 1963. The tempo of activity advanced in most sectors of the economy, giving indications of some recovery from the slackened pace of the preceding year. Despite this improvement, however, the performance of the economy did not meet expectations, nor were existing resources fully utilized. In 1962-63, gross income received by producers of agricultural export commodities rose by …

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1961., Central Bank Of Nigeria

CBN Annual Report

CBN Annual Report and Statement of Accounts for 1961 discussed the economic performance of Nigeria with emphasis on inflation rate, GDP growth, exchange rate stability, banking sector performance, monetary policy, financial stability, fiscal policy, and regulatory updates. Economic activity, which had been at a relatively high level during the year of independence, expanded further during 1961. The production of most of the agricultural export commodities attained high levels during the 1960-1961. Mineral production varied widely among individual products but on balance activity was considerably higher in 1961 than in the previous year. Industrial production continued to grow, reflecting both the …