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Articles 1 - 21 of 21
Full-Text Articles in Political Economy
Cash Or Credit: A Collection Of Short Essays About Economic Philosophy And The Trajectory Of Political Economy, Jackson C. Dusart
Cash Or Credit: A Collection Of Short Essays About Economic Philosophy And The Trajectory Of Political Economy, Jackson C. Dusart
Student Publications
From John Locke to Herbert Marcuse, discussions about economics and societies have dominated the philosophical battleground. While Adam Smith waged a war against mercantilism, men like Karl Marx and John Stuart Mill, two ideological enemies, were both writing to address the same problems they saw in society. Each one of these men has contributed to a different part of the discussion. In understanding their differences, and their common ground, these essays examine a hypothetical four-hundred-dollar jacket, stolen from the author at Gettysburg College. Each one of these philosophers, each writing at different times and in different circumstances, will attempt to …
The Effects Of Economic And Political Globalization On Level Of Democracy, Julianna R. Pestretto
The Effects Of Economic And Political Globalization On Level Of Democracy, Julianna R. Pestretto
Student Publications
Since the birth of the nation state, we have been undergoing a process called globalization. Simply put, globalization is the process of interaction and integration among the people, companies and governments of different nations. It is a process driven by trade and investment and supported by economic partnerships and institutions. As time goes on, the effects of globalization have become more intense, and are felt disproportionately across nations and socio-economic levels, resulting in a backlash that has been largely characterized by the rise of right-wing populism. It is thus important to study the effects that globalization has on level of …
Economies Of Security: Foucault And The Genealogy Of Neoliberal Reason, Marshall Scheider
Economies Of Security: Foucault And The Genealogy Of Neoliberal Reason, Marshall Scheider
Gettysburg Social Sciences Review
Michel Foucault is well-known for his theorizations of institutional power, normativity, and biopolitics. Less well-known is the fact that Foucault developed his analysis of biopolitics in and through his historical investigation of neoliberalism. Today, while critique of neoliberalism has become a commonplace of humanities discourse, and popular resistance to neoliberalization rocks the southern hemisphere, it remains unclear that the historical specificity of neoliberalism is well-understood. In particular, the relation between classical liberalism and neoliberal governance remains murky in popular debate. As Foucault powerfully illustrates, this relation is far from clear-cut, and neoliberalism is not reducible to a simple extension of …
The Gettysburg Economic Review, Volume 11, Spring 2019
The Gettysburg Economic Review, Volume 11, Spring 2019
Gettysburg Economic Review
No abstract provided.
The Effect Of Fiscal Transparency On Output, Inflation, And Government Debt, Luce Menicali
The Effect Of Fiscal Transparency On Output, Inflation, And Government Debt, Luce Menicali
Gettysburg Economic Review
This theoretical paper studies the issue of fiscal transparency, which we define as asymmetry of information between the households’ perception of fiscal policy and the actual government balance sheet, in the context of a 24-hour news cycle. We model the economy using the New Keynesian three-equation model to study the effect of fiscal transparency on output, inflation, and especially government debt in order to draw conclusions that are relevant in the realm of policy-making in a sovereign debt crisis scenario. We find that a higher degree of fiscal transparency leads to greater levels of output and inflation as well as …
The Proximity-Based Effect Of Terrorism On Countries' Economies, Sofia E. Mouritsen
The Proximity-Based Effect Of Terrorism On Countries' Economies, Sofia E. Mouritsen
Student Publications
In this paper, I explore the effect that proximity to terrorist-controlled areas has on countries’ economies. I posit that there exists a correlation between the aforementioned proximity and GDP growth rates, and hypothesize that the closer a country is to an area with high levels of terrorism, the more likely it is that its economy will be negatively affected. I begin by examining the nature of the correlation between terrorism and economic growth; following this, I explore the direct ways in which terrorism affects economic growth. Next, I delve into the recent economic history of countries around three areas: the …
A Way Around The Divided House Majority, Charles L. Weise, Bruce A. Larson
A Way Around The Divided House Majority, Charles L. Weise, Bruce A. Larson
Economics Faculty Publications
For observers of the U.S. Congress, the inability of Republicans to unite behind a candidate for speaker has been by turn fascinating, exasperating, and frightening. When and if a candidate is finally chosen, Republicans will breathe a sigh of relief, as will many commentators. The real crisis, however, will have just begun. [excerpt]
Flooding In The Kashmir Valley: Macroeconomic Effects Of A Natural Disaster In India, Danielle Cupp
Flooding In The Kashmir Valley: Macroeconomic Effects Of A Natural Disaster In India, Danielle Cupp
Gettysburg Economic Review
This paper presents India’s economic growth by comparing it to that of the United States. In addition, this paper analyzes current events in India under a macroeconomic lens as it provides the macroeconomic impacts of said events. More specifically, this paper focuses on the ways in which unexpected severe flooding have impacted Northern India in the short-, medium-, and long-run. Analyses conclude with policy recommendations based on the goals of India’s central bank, the Reserve Bank of India (RBI).
2014 Fed Challenge Script: Current State Of The Economy, Jieran Liu, William W. Northrop, Matthew Nadler, Owen J. Rothe, Ryan M. Williams
2014 Fed Challenge Script: Current State Of The Economy, Jieran Liu, William W. Northrop, Matthew Nadler, Owen J. Rothe, Ryan M. Williams
Gettysburg Economic Review
Good afternoon everyone and thank you for having us here today. Though the recession began in 2007 and officially ended in 2009, recovery has been painfully slow. GDP growth has been insufficient to close the output gap, there continues to be slack in the labor market and inflation has stabilized below the Federal Reserve percent target. We are not meeting our dual mandate of full employment and stable prices even 6 years after the end of the recession. Despite some signs of strengthening in the economy during the past year, we do not believe that economy is on a self-sustaining …
The Gettysburg Economic Review, Volume 8, Spring 2015
The Gettysburg Economic Review, Volume 8, Spring 2015
Gettysburg Economic Review
No abstract provided.
Argentina's 2001 Default: Foreign Policy Considerations And Consequences, Joshua K. Alley
Argentina's 2001 Default: Foreign Policy Considerations And Consequences, Joshua K. Alley
Celebration
Argentina’s 2001 default was at the time the largest in history, with the Peronist government of Adolfo Rodriguez Saa declaring a cessation of payments on over 80 billion dollars in government bonds. Historically, the political science and economics literatures have emphasized the economic considerations surrounding the decision to default. Recent literature has explored the political motivations for default, but there has been little scholarship on the possible political consequences of default. Some authors have emphasized that default can have important audience costs for leaders, but other issues have been left unexplored. However, it is clear that Argentina’s 2001 default had …
The Gettysburg Economic Review, Volume 7, Spring 2013
The Gettysburg Economic Review, Volume 7, Spring 2013
Gettysburg Economic Review
No abstract provided.
China’S Local Government Debt And Economic Growth, Jia Qi Zhou
China’S Local Government Debt And Economic Growth, Jia Qi Zhou
Gettysburg Economic Review
This paper explores the impact of China’s local government debt on economic growth. This analysis, based on a panel of 31 provinces over 14 years, takes into account a broad range of economic growth determinants as well as various estimation issues including heteroskedascity and omitted variable. The empirical results suggest an inverse relationship between China’s local government debt and economic growth, controlling for other determinants of growth: on average, a 10 percentage point increase in the debt-to-GDP ratio is associated with a slowdown in annual real per capita GDP growth of around 0.27 percentage points per year.
The Staffing Of Presidential Assistants: Their Effects On Presidential Success In The House Of Representatives, Nicholas R. Jesteadt
The Staffing Of Presidential Assistants: Their Effects On Presidential Success In The House Of Representatives, Nicholas R. Jesteadt
Student Publications
This paper examines the Congressional success of United States Presidents based on the reported Congressional Quarterly Presidential Box Scores. Their individual success is examined as an effect of the senior staff member a President chooses and whether they are chosen from the campaign, personal experience, or previous administrations. It is important for a President to consider the origins of these staffers as these Assistants to the President act as the body of the President’s administration. The econometric analysis presented reveals several interesting results. First, the predominance of a President to choose staff members from his campaign shows no significant impact …
The Staffing Of Presidential Assistants: Their Effect On Presidential Success In The House Of Representatives, Nicholas R. Jesteadt
The Staffing Of Presidential Assistants: Their Effect On Presidential Success In The House Of Representatives, Nicholas R. Jesteadt
Gettysburg Economic Review
This paper examines the Congressional success of United States Presidents based on the reported Congressional Quarterly Presidential Box Scores. Their individual success is examined as an effect of the senior staff member a President chooses and whether they are chosen from the campaign, personal experience, or previous administrations. It is important for a President to consider the origins of these staffers as these Assistants to the President act as the body of the President’s administration. The econometric analysis presented reveals several interesting results. First, the predominance of a President to choose staff members from his campaign shows no significant impact …
Environmental Justice: Where Are The Fracking Sites?, Elizabeth Adams
Environmental Justice: Where Are The Fracking Sites?, Elizabeth Adams
Gettysburg Economic Review
This paper looks at the variables that determine the location of hydraulic fracturing wells. Using cross-sectional data on Texas counties, we test whether county income level and the percentage of the population that is minority are significant indicators of well location. This study mirrors other studies that focus on the location of undesirable land uses such as landfills. Our study finds that income level and the size of the minority population are not statistically significant indicators of hydraulic fracturing well location.
The Gettysburg Economic Review, Volume 6, Spring 2012
The Gettysburg Economic Review, Volume 6, Spring 2012
Gettysburg Economic Review
No abstract provided.
Friedrich Von Hayek: The Socialist-Calculation Debate, Knowledge Arguments, And Modern Economic Development, Cara A. Elliott
Friedrich Von Hayek: The Socialist-Calculation Debate, Knowledge Arguments, And Modern Economic Development, Cara A. Elliott
Gettysburg Economic Review
At the close of the nineteenth and the commencement of the twentieth century, socialism began to gain momentum as a large-scale movement in Europe and the United States. This popularity was supported by an increased influence of the working class in society, which put pressure for representation upon European parliaments and began to secure concrete improvements in labor protection laws. Moreover, socialist proponents looked hopefully towards the living example of the Soviet Union, which began its socialist experiment in 1917 following the success of the Bolshevik Revolution. Socialism, which found its economic grounding in the legacies of such men as …
Monetary And Fiscal Policies: Ordinary Recessions And Financial Crises, Svetoslav I. Semov
Monetary And Fiscal Policies: Ordinary Recessions And Financial Crises, Svetoslav I. Semov
Gettysburg Economic Review
This paper uses two different samples to study the effects of monetary and fiscal policies on the profiles of recessions and recoveries. Several results emerge from the econometric analysis presented. First, monetary policy during ordinary recessions and banking crises is a powerful tool with lasting effects that extend to recovery growth rates. However, the effect of monetary policy during financial crises is strongly diminished in the case of forbearance – banks left to function despite being technically insolvent. Second, the effectiveness of fiscal policy is reversed – it is a powerful tool during banking crises, but it does not seem …
The Gettysburg Economic Review, Volume 4, Spring 2010
The Gettysburg Economic Review, Volume 4, Spring 2010
Gettysburg Economic Review
No abstract provided.
A Comprehensive Economic Stimulus For Our Failing Economy, Sarah R. Anderson, Steven T. Ferraro, Jeffrey D. Greenlaw, Justin E. Holz, David H. Krisch, Jonathan M. Koury, Jamee L. Kuznicki, Stephen M. Mcnamee, Jeffrey D. Ryckbost, Kristi L. Saeger, Andrew L. Smith, Daniel B. Sprague, Ryan Willaurer, Timothy D. Wills, Benjamin B. Wood
A Comprehensive Economic Stimulus For Our Failing Economy, Sarah R. Anderson, Steven T. Ferraro, Jeffrey D. Greenlaw, Justin E. Holz, David H. Krisch, Jonathan M. Koury, Jamee L. Kuznicki, Stephen M. Mcnamee, Jeffrey D. Ryckbost, Kristi L. Saeger, Andrew L. Smith, Daniel B. Sprague, Ryan Willaurer, Timothy D. Wills, Benjamin B. Wood
Gettysburg Economic Review
This paper presents a comprehensive plan to fix the ailing American economy, through a five-step approach. First, the Federal Reserve must continue to broaden the scope of monetary policy, by purchasing and selling long-term securities. Manipulating expectations through FOMC statements is another tool at the Federal Reserve’s disposal. Secondly, the government must enact fiscal stimulus to stabilize the economy in the short and medium runs, through investment in infrastructure projects, green technology, fusion technology, and science education. Additionally, the new fiscal policy must tackle the mortgage meltdown, which is weighing down the entire economy. Third, the regulatory system must be …