Legal Regimes And Political Particularism: An Assessment Of The "Legal Families" Theory From The Perspectives Of Comparative Law And Political Economy, John W. Cioffi, D. Gordon Smith

BYU Law Review

The “legal families” theory of corporate law and ownership structures pioneered by Rafael La Porta, Florencio Lopez-deSilanes, Andrei Shleifer, and Robert Vishny provides one of the most influential accounts of why “law matters” in shaping economic organization and outcomes. However, the empirical bases and theoretical logic of the theory contain serious flaws and limitations. First, as has been pointed out by a number of critics engaged in this revision, the legal origins literature contains numerous problematic characterizations of substantive law that expose the serious problems of quantitative operationalization of legal rules as a mode of comparative legal analysis. Second, the …

Ua37/29 Gary Ransdell - Fed. Reserve Board - Ben Bernanke Confirmation Hearing Q&A, St. Louis Federal Reserve Board

Faculty/Staff Personal Papers

Question and answers from Ben Bernanke's confirmation hearing as distributed to members of the St. Louis Federal Reserve Board.

Economic Cost Of Instability, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

BROADLY speaking,Pakistan’s economic policies in the 1960s and since 1977 have been fairly consistent, although their execution has left much to be desired.

So, considering that the thrust of economic policy has been fairly constant (except for nationalisation in the 1970s) the variations in economic output need to be explained.

The dominant narrative ofPakistan’s tumultuous and uneasy political journey since independence has comprised the precarious nature of civil-military relations that have caused severe damage to democracy in the country. This is true. However, what needs to be added to this narrative is the enormous cost to the economy in view …

From Economic Crisis To Reform: Imf Programs In Latin America And Eastern Europe By Grigore Pop-Eleches (Book Review), Aleksandra Sznajder Lee

Political Science Faculty Publications

Grigore Pop-Eleches’s book on the interaction of international and domestic determinants of IMF-style reforms in developing countries makes a significant contribution to international and comparative political economy literature. His effort to capture the dynamics of the contentious and complex relationship between the IMF and developing countries/emerging markets inLatin AmericaandEastern Europerepresents mid-range theorizing at its best. The author combines insights from international and comparative political economy literatures to pursue complementary questions. From the international effect perspective: what role do economic crises play in the initiation and implementation of IMF-backed economic reform? Is the IMF impartial in its policy and financial support …

From Outrage To Action, Henry Krisch

Human Rights & Human Welfare

Kristof and WuDunn provide a vivid panoramic view of problems faced by women (primarily in the “developing” world), what has been done and what more could be done to help them achieve dignity and autonomy in their lives, and how vindication of their rights could contribute to the broader social development of their societies. In this they provide us with important insights into how human rights might be effectively proclaimed and successfully implemented. In reviewing their considerable contributions, I shall also suggest some limitations on both their analysis and their policy recommendations.

The Future Of The Oecd, Richard Woodward

Books/Book Chapters

The Organisation for Economic Co-operation and Development (OECD) is one of the least written about and least understood of our major global institutions. This new book builds a well-rounded understanding of this crucial, though often neglected, institution, with a range of clearly written chapters that:

• outline its origins and evolution, bringing its story fully up-to-date

• present a clear framework for understanding the OECD

• set the institution within the broader context of global governance

• outline key criticisms and debates

• evaluate its future prospects.

Given the immense challenges facing humanity at the start of the 21st century, the need for the OECD …

Post-Structural Logic In Marx's Theory Of Value, David Kristjanson-Gural

Faculty Journal Articles

In this essay I use Louis Althusser’s observation concerning the synchrony and diachrony of Marx’s logic in Capital to detail changes in the meaning of value, defined as socially necessary abstract labor time, throughout the three volumes of Capital. I use this analysis to identify three common types of logical error in reading Marx that result from failing to recognize this aspect of his methodology, and I provide examples to illustrate each of these common errors. I then argue that, by recognizing the synchrony and diachrony of Marx’s method, it is possible to read value theory in a way that …

Minnesota Mandates: County Government Fiscal Stress In An Era Of Declining State Support, Selena Krueth

Political Science Theses and Capstones

Minnesota counties are experiencing more than just financial burdens from state mandates these days. Counties and local governments currently are seeking the most effective solution of implementing state mandates; leaving behind the argument of no mandates without funding to "give us mandates that work". In my analysis I combined county budgetary and demographic data, with phone survey data gathered from Minnesota counties. I anticipate results that will show a wide variety in county administrator attitudes towards state mandates and varying local capacity to meet them. Costly state mandates, such as health services, and large county populations have proven significant in …

Tolerance, Democracy And Fundamentalism(S) : Challenges In Time Of Systemic Bifurcations, Guillermo C. Hansen

Faculty Publications

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

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 …

Financial Liberalization And International Capital Flows, Nancy Neiman Auerbach, Yoonmin Kim, Thana Sompornserm

Scripps Faculty Publications and Research

It is interesting that domestic and international financial liberalization are among the most often cited causes of the 1997–98 crisis. Liberalization in the Asian crisis countries took place prior to the crisis as did large capital inflows, many of which reversed during the crisis in the classic pattern of capital flow bonanzas ending in sudden stops (Calvo, Izquierdo, and Mejía 2008; Reinhart and Reinhart 2008; Sula and Willett 2009). Furthermore, China and India, with much less general financial liberalization and a continuing array of capital controls, were little hit by the crisis. Malaysia’s experiment with increasing capital controls during the …

2009 American Incentive System Almanac, Don P. Diffine Ph.D.

Belden Center Monographs

No abstract provided.

The Influence Of Campaign Expenditures On Virginia House Of Delegates Electoral Success, Christopher Jones, James Monks

Economics Faculty Publications

For decades economists and political scientists have sought to identify variables that influence the electoral success of public officials. Most of the existing literature focuses on the determinants of federal elections. This study examines elections to the Virginia House of Delegates and finds that campaign expenditures, incumbency status, party affiliation, and district voting tendencies all are significant predictors of electoral success. Additionally, this study finds that the returns to campaign expenditures, in terms of the additional votes that they generate, vary based on incumbency, party affiliation, number of opponents in the race, and over time.

Human Rights Abuses Along The Dominican-Haitian Border, Calla Cloud

Human Rights & Human Welfare

A 122 mile-long border separates the Dominican Republic and Haiti on the Caribbean island of Hispaniola. Of the two countries, Haiti’s human rights abuses are much more somber than the emerging developments of the Dominican Republic. Haiti’s stagnant economic situation has contributed to perennial political instability and lack of infrastructure, having a particularly confounding affect on the rights and labor conditions of Haitian citizens. There are a myriad of reasons why Haiti is the poorest country in the Western Hemisphere. Two of the most prominent include its violent political history and the gradual deterioration of its economy. In the context …

Shaikh Appendices — Data Tables: Combined Summary, Anwar Shaikh Phd

Archives of Anwar Shaikh

Table Inventory

• Appendix 2.2 — Chart only, log scale, US, 1832–1992, BEA index (1958=100). Variable unlabeled.
• Appendix 4.2 — Simulated (not empirical): hypothetical productivity/labor-intensity/unit-cost tables. No real time/place.
• Appendix 5.3 — Chart only, log scale, US & UK, 1790–2010. Variable unlabeled.
• Appendix 6.8 (Corrected) — US corporate capital stock & depreciation, 1925–2013. $bn, index (2005=100), %.
• Appendix 6.8 (Uncorrected) — US corporate profit rates/shares, value added, equity data, 1946–2011(13). $bn, %, ratios.
• Appendix 7.2 — Cross-sectional plant productivity: US beet sugar (1933–35), cement (1935), cotton textiles (1946). Tons or barrels/man-hr.
• Appendix 8.1 — Cross-sectional concentration/profitability: Bain (1936–40), Stigler (1939–57), Demsetz …

Cyclicality Of State Budgeting: A Political-Economy Analysis., Ian W. Cummins

Honors Theses

This paper disentangles the effect of political ideology and budget rules on fiscal cyclicality across the U.S. states. Using panel data from 1963 to 2006, liberal states are found to be significantly less procyclical than conservative ones. The impact of balanced budget constraints is contingent on the ideological orientation of the state in which they are imposed. Tight balanced budget rules are not binding on conservative states, but are binding on liberal ones. Where they are binding, budget rules mediate the link between voter preferences and policy outcomes skewing them toward greater procyclicality.

Brochures & Linda Note, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Letter to Ann by Linda Pasternack, Unpublished manuscript.
• La crisis global y los mitos del libre comercio by Universidad Nacional Mayor de San Marcos, Facultad de Ciencias Económicas.

Ape Profit Lecture Ii, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2009). Apei 2009 profit lecture (Handwritten folder notes). Anwar Shaikh Papers. Collection of unpublished manuscripts and lecture notes.
• Shaikh, A. (2009). Puzzle of profits (Unpublished presentation slides). Anwar Shaikh Papers. Collection of lecture materials on political economy.
• Shaikh, A. (2008). Chapter 11 stock flow accounts (Unpublished manuscript outline). Anwar Shaikh Papers. Working draft on turbulent macrodynamics.
• Shaikh, A. (2000). Surplus1 (Unpublished manuscript draft). Anwar Shaikh Papers. Academic essay on working time in Marxian analysis.
• Shaikh, A. (Undated). Moc (Handwritten research outline). Anwar Shaikh Papers. Lecture planning and literature review notes on capital measurement.
• Shaikh, A. …

The Rise Of Private Equity Media Ownership In The United States: A Public Interest Perspective, Matthew Crain

Publications and Research

This article examines the logic, scope, and implications of the influx of private equity takeovers in the United States media sector in the last decade. The strategies and aims of private equity firms are explained in the context of the financial landscape that has allowed them to flourish; their aggressive expansion into media ownership is outlined in detail. Particular attention is paid to the public interest concerns raised by private equity media ownership relating to the frenzied nature of the buyout market, profit maximization strategies, and the heavy debt burdens imposed on acquired firms. The article concludes with discussion of …

Ch. 4 Production Notes, Data, Calculation, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. Production and costs [Unpublished manuscript].
• Shaikh, A., PhD. Costs and competition notes [Unpublished manuscript].
• Brannon, I. (2009). Nudge: Improving decisions about health, wealth, and happiness [Review of the book Nudge: Improving decisions about health, wealth, and happiness, by R. H. Thaler & C. R. Sunstein]. Cato Journal.
• Kauder, E. (1965). A history of marginal utility theory. Princeton University Press.
• Shaikh, A., PhD. Production in neoclassical economics [Unpublished manuscript].
• Shaikh, A., PhD. Appendix 4.1: Production flows in classical and conventional national accounts [Unpublished manuscript].
• Shaikh, A., PhD. [Handwritten calculation notes on production, costs, and shift …

Adam Smith And The Place Of Faction, Sandra J. Peart, David M. Levy

Jepson School of Leadership Studies articles, book chapters and other publications

Our approach to faction focuses on Smith’s account of the interrelation between social distance and small group cohesion. We make the case that social distance is not necessarily constant in Smith’s system. As social distance shrinks, sympathy becomes more habitual and the affection we have for others increases (Peart and Levy, 2005b). Factions reduce social distance, and this gives them power and makes them dangerous. By modifying social distance, they created a disconnect between behavior of which we approve (cooperation) and consequences of which we disapprove. It is in this context that we find virtuous behavior with deleterious consequences. The …

2008 Hes Presidential Address: We're All "Persons" Now: Classical Economists And Their Opponents On Marriage, The Franchise, And Socialism, Sandra J. Peart

Jepson School of Leadership Studies articles, book chapters and other publications

My purpose is to paint a broad brush narrative—it will have some visual representations as well—of how nineteenth-century political economists and their critics confronted a set of basic and related questions: Are men and women equally capable of self governance? Are they equally able to decide when and whom to marry and how many children to have? Can they be trusted equally to cast a ballot? Is their right to property inviolate or might new arrangements be designed and adopted for the production and distribution of wealth?

This is a story interwoven with extraordinary characters: John Stuart Mill will be …

Instability And The Incentives For Corruption, Filipe R. Campante, Davin Chor, Quoc-Anh Do

Research Collection School Of Economics

We investigate the relationship between corruption and political stability, from both theoretical and empirical perspectives. We propose a model of incumbent behavior that features the interplay of two effects: a horizon effect, whereby greater instability leads the incumbent to embezzle more during his short window of opportunity, and a demand effect, by which the private sector is more willing to bribe stable incumbents. The horizon effect dominates at low levels of stability, because firms are unwilling to pay high bribes and unstable incumbents have strong incentives to embezzle, whereas the demand effect gains salience in more stable regimes. Together, these …

Keeping Dictators Honest: The Role Of Population, Quoc-Anh Do, Filipe R. Campante

Research Collection School Of Economics

In order to explain the apparently paradoxical presence of acceptable governance in many non-democratic regimes, economists and political scientists have focused mostly on institutions acting as de facto checks and balances. In this paper, we propose that population plays a similar role in guaranteeing the quality of governance and redistribution. We argue and demonstrate with historical evidence that the concentration of population around the policy making center serves as an insurgency threat to a dictatorship, inducing it to yield to more redistribution and better governance. We bring this centered concept of population concentration to the data through the Centered Index …

Writing On Marx's Theory Of Money, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Roche, J. (1985). Marx’s theory of money: A re-interpretation. Review of Radical Political Economics, 17(1–2).
• Lavoie, D. (1986). Marx, the quantity theory, and the theory of value. History of Political Economy, 18(1).
• Mason, W. E. (1982). The labor theory of value and gold: Real and nominal standards of value—and implications for the current reconsideration of the gold standard. History of Political Economy, 14(4).
• Wolfson, M. (1988). Comment: Marx, the quantity theory, and the theory of value. History of Political Economy, 20(1).
• Arnon, A. (1984). Marx’s theory of money: The formative years. History of …

Extreme Neo-Liberalism: An Introduction, Stefano Harney

Research Collection Lee Kong Chian School Of Business

During the Historical Materialism Conference (2009), Stefano Harney gave a talk within an ephemerasession on ‘Politics in the Business School’ which we organised in preparation for this special issue. Thispiece offers a full transcription of that talk and is prefaced here by some introductory remarks fromStefano. The question and answer session which followed the talk has also been made available online asan audio file. Special thanks are due to Demet Dimler for inviting ephemera to organise a session atHistorical Materialism, to Matteo Mandarini for chairing the session, to Tim Edkins for recording thesession and to Alison Shalaby for transcribing the …

Ape 2, Production And Exchange, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Production, labor time and costs graphs [Two-page graph packet on productivity, output, labor and machine coefficients, shift combinations, and engineering capacity]. (n.d.).
• Shaikh, A. (2009, February 19). Production and exchange [Annotated chapter draft].
• Standard view / classical view [Diagram sheet contrasting accounts of production, labor, products, and exchange]. (n.d.).
• Production and cost coefficients data table [Spreadsheet printout of shift outputs, wage bills, material costs, and cost measures]. (n.d.).
• Production and cost coefficients illustrations, figures 4.1-4.13 [Incomplete annotated graph packet with multiple spreadsheet-version labels]. (n.d.).
• Shaikh, A. (2000, September). The importance of working time in Marx's analysis [One-page …