Political Economy Commons^™

Information Aggregation In Polls, John Morgan, Phillip C. Stocken

Dartmouth Scholarship

We study information transmission via polling. A policymaker polls constituents, who differ in their information and ideology, to determine policy. Full revelation is an equilibrium in a poll with a small sample, but not with a large one. In large polls, full information aggregation can arise in an equilibrium where constituents endogenously sort themselves into centrists, who respond truthfully, and extremists, who do not. We find polling statistics that ignore strategic behavior yield biased estimators and mischaracterize the poll's margin of error. We construct estimators that account for strategic behavior. Finally, we compare polls and elections.

Grasping The Small: The Political Economy Of Growth, Poverty And The Role Of The State In Two Chinese Provinces, John A. Donaldson

Research Collection School of Social Sciences

No abstract provided.

Economic Inequality In The New European Union: Are Monetary Policies In The European Union Unfair For Certain Countries?, Gregory Eric Banach

Dissertations

This research is focused on the affect one uniform monetary policy will have on the less developed countries that entered the European Union (EU) in 2004. One of the challenges facing the new entrants involves the required implementation of monetary policy goals, even though these new entrants do not have a vote on how the monetary policy is determined. Monetary policy in the EU is the responsibility of the European Central Bank (ECB) who has a stated goal price stability. It is possible to use the Taylor Rule to test whether the ECB focuses on price stability for both old …

Money Is Time: The Monetary Expression Of Value In Marx's Theory Of Value, David Kristjanson-Gural

Faculty Journal Articles

In this article, I derive the monetary expression of value based upon commodity money and use it to translate values and exchange values from units of labor into units of money. While this analysis has been done at the initial stage of Marx’s analysis where he assumes that commodities exchange in proportion to their values, I derive the monetary expression of value at the more developed stage of Marx’s 10 analysis where commodities exchange according to prices of production. I then develop a macroeconomic measure of the monetary expression of value and link the micro- and macroeconomic determination of the …

Voting In Kenya: Putting Ethnicity In Perspective, Michael Bratton, Mwangi S. Kimenyi

Economics Working Papers

Do Kenyans vote according to ethnic identities or policy interests? Based on results from a national probability sample survey conducted in the first week of December 2007, this article shows that, while ethnic origins drive voting patterns, elections in Kenya amount to more than a mere ethnic census. We start by reviewing how Kenyans see themselves, which is mainly in non-ethnic terms. We then report on how they see others, whom they fear will organize politically along ethnic lines. People therefore vote defensively in ethnic blocs, but not exclusively. In Decem- ber 2007, they also took particular policy issues into …

Why Is The Oecd Involved In The Heiligendamm Process?, Richard Woodward

Books/Book Chapters

No abstract provided.

Japan And The World: Japan’S Contemporary Geopolitical Challenges – A Volume In Honor Of The Memory And Intellectual Legacy Of Asakawa Kan’Ichi, Frances Rosenbluth, Masaru Kohno

CEAS Occasional Publication Series

Yale CEAS Occasional Publication Series - Volume 2

The Political Economy Of South Korea: Economic Growth, Democratization, And Financial Crisis, Uk Heo, Houngcheul Jeon, Hayam Kim, Okjin Kim

Maryland Series in Contemporary Asian Studies

No abstract provided.

Incumbent Deviations From Constituents: Further Tests, Noel D. Campbell, Edward J. Lopez, Tammy Rogers

Faculty Publications

No abstract provided.

An Economic Approach To Climate Change, Matt Bogard

Economics Faculty Publications

Economics is the study of choices, and how they are made compatible. The issue of global warming can be viewed in the context of a set of choices that lead to climate change. In a free society choices are made compatible via the price system. If prices do not reflect the true cost of carbon, then carbon intensive production and consumption choices may not be compatible given the choice sets across all members of society. For example, my choice to burn fossil fuels may be incompatible with your choice to live in a coastal area given certain climate change scenarios. …

2008 American Incentive System Almanac, Don P. Diffine Ph.D.

Belden Center Monographs

No abstract provided.

Ron Findlay Power & Plenty And Other Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2008, April 2). Ron Findlay: Power & plenty [Unpublished handwritten manuscript].

• Shaikh, A. (n.d.). ICI panel: Summary [Unpublished handwritten manuscript; Achin Vanaik noted as possible author; Delhi].

• Shaikh, A., & Subasat, T. (2001, June). Email correspondence on comparative advantage and absolute advantage theories [Email correspondence].

Moving Beyond Markets And Minimalism: Democracy In The Era Of Globalization, Richard Burchill

Human Rights & Human Welfare

A review of:

Democracy as Human Rights: Freedom and Equality in the Age of Globalization by Michael Goodhart. London: Routledge, 2005.

Notes On Goodwin's Model Of Growth With A Reserve Army Of Labor, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1988, November 1). Notes on Goodwin’s model of growth with a reserve army of labor [Unpublished typed manuscript].

• Shaikh, A. (1986, October). Goodwin wage-employment cycle model: “Goodwin” in TUTSIM [Unpublished handwritten manuscript].

• Shaikh, A. (2008, April 23). Neoliberalism, globalization & financial capital [Unpublished handwritten manuscript].

Derail The Federal Gravy Train: A Normative Audit Of America's Economic Policy Debate, Don P. Diffine Ph.D.

Belden Center Monographs

No abstract provided.

Trade, World Political Economy, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• World political economy course syllabus. Shaikh, A. 2008. New School for Social Research. New York.
• Handwritten lecture notes on the development of the labor process and its implications. Shaikh, A. 1988. Department of Economics, The New School for Social Research. New York.
• Historical foundations of political economy I course syllabus. Shaikh, A. 2004. New School for Social Research. New York.
• Handwritten course outline update notes. Shaikh, A. 2004. Department of Economics, The New School for Social Research. New York.
• Structural patterns within the theory of real competition. Shaikh, A. 2001. Department of …

Ape 2008 Section 1, Long Term Patterns, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Figures 2.23-2.31 and stable growth process (Harrod-Hicks) [Teaching chart packet with explanatory notes on equilibrium modes and growth]. (n.d.).
• Shaikh, A. (2008, October 22). Ch. 3: Microfoundations, emergent properties and nonlinear dynamics [Annotated chapter-draft excerpt, pp. 30-40].
• Shaikh, A. (2007, October). Structured disorder: The economic analysis of developed capitalism [Annotated book-manuscript introduction excerpt].
• Figure 1.2: U.S. real investment index, 1832-2004 (fixed private capital equipment and structures) [Data-chart printout]. (n.d.).
• Shaikh, A. (2008, Spring). The economic analysis of advanced capitalism [Economics 205 / Advanced Political Economy II syllabus and reading outline].
• Shaikh, A. (2008, Spring). The economic analysis …

Ape 2008 Section 1, Long Term Patterns, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Figures 2.23-2.31 and stable growth process (Harrod-Hicks) [Teaching chart packet with explanatory notes on equilibrium modes and growth]. (n.d.).
• Shaikh, A. (2008, October 22). Ch. 3: Microfoundations, emergent properties and nonlinear dynamics [Annotated chapter-draft excerpt, pp. 30-40].
• Shaikh, A. (2007, October). Structured disorder: The economic analysis of developed capitalism [Annotated book-manuscript introduction excerpt].
• Figure 1.2: U.S. real investment index, 1832-2004 (fixed private capital equipment and structures) [Data-chart printout]. (n.d.).
• Shaikh, A. (2008, Spring). The economic analysis of advanced capitalism [Economics 205 / Advanced Political Economy II syllabus and reading outline].
• Shaikh, A. (2008, Spring). The economic analysis …

Exchange Rates, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (2008, April 27). Handwritten notes titled “trade, dependency, and unequal exchange (Cortland–Cornell)” [Unpublished handwritten notes].

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

• Shaikh, A., PhD. (1992, November 19). Notes on exchange rates [Unpublished notes].

Lang Courses, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

• Intermediate economics: growth, unemployment and inflation [Midterm exam]. (2008, March 25).

• Shaikh, A., PhD. (2011, October 19). LECO Eatwell’s lecture [Handwritten notes].

• Hour money coupons with quotes from Adam Smith [Coupons]. (n.d.).

• Donadio, R. (2011, October 1). Battered by economic crisis, Greeks turn to barter networks. The New York Times.

• Shaikh, A. (2011, October 5). A. Shaikh EADC book chapter 2: Materials and figures on GDP, productivity, unemployment, and business cycles [Working materials].

• Economic patterns in capitalism [Title slide]. (2011, Fall).

• Shaikh, A., PhD. (2011, September 19). Background and …

Assessing Competition Policy Performance Metrics: Concerns About Cross-Country Generalisability, Lesley Denardis, A. E. Rodriguez

Political Science & Global Affairs Faculty Publications

Recent interest in competition policy performance has typically relied on subjective performance metrics that have undergone little direct scrutiny by users. We examine the quality of the popular World Economic Forum's antitrust performance metric and assess whether it is immune from perception-bias. A bias-free metric is required to ensure cross-country consistency in its intended performance assessment.

We note various instances where the WEF's competition policy performance survey was completed but where there existed neither competition legislation nor an associated enforcement agency at the time. This seeming inconsistency is neither amenable to traditional econometric heterogeneity treatment nor instrumentable; importantly, it is …

Loose Pricing And Profit Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Oliveira Martins, J., Scarpetta, S., & Pilat, D. (1996). Mark-up pricing, market structure and the business cycle. OECD Economic Studies, 27, 71–105. Organisation for Economic Co-operation and Development.
• Felipe, J., & McCombie, J. S. L. (1999, February 26). Markups in U.S. industry: What does the recent literature tell us? [First draft]. Unpublished manuscript. Georgia Institute of Technology; Downing College, Cambridge University.
• Bain, J. S. (1951). Relation of profit rate to industry concentration: American manufacturing, 1936–1940. The Quarterly Journal of Economics, 65(3), 293–324. Oxford University Press.
• Shaikh, A. (1979, May). Empirical results on concentration and industry profit …

Eco 108 World Political Economy Lectures Iv & V, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2008). Eco108: World pol eco lecture iv: Inflation 1 lecture v: Inflation 2 [Unpublished manuscript].
• Shaikh, A. (2002). World political economy (GECO 5108) [Course syllabus].
• Sahr, R. (2006). US CPI, 1665–2007, in 1995-$ [Data set]. Oregon State University.
• Shaikh, A. (2005). Inflation vs total bank credit growth [Unpublished manuscript].
• Harberger, A. C. (1988). World inflation revisited. In E. Helpman, A. Razin, & E. Sadka (Eds.), Economic effects of the government budget (pp. 217-237). MIT Press.
• The Economist. (2005). Monetary conundrums: America's monetary policy is off target. The Economist, 374(8415), 12.
• Harberger, A. C. …

Miscellaneous, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Bowley, G. (2008, February 21). That ’70s look: Stagflation. The New York Times.

• Shaikh, A., PhD. (2007, August 27). Cost of funds raised through equity [Unpublished handwritten notes].

• Cohen, M. A. (2008, January 18). Email to Anwar Shaikh regarding an invitation to the University of Buenos Aires [Email correspondence].

• Jesus College, Cambridge. (2007, October 17). Letter to Anwar Shaikh [Handwritten letter].

• Ali, M. (n.d.). Econ 380: The U.S. trade deficit [Syllabus and reading list].

• [Author unknown]. (2008, February 20). Paradoxes in Lucas’s 1988 model with increasing returns [Annotated paper].

• …

The Economic Foundations Of Contemporary Slavery, Justin Guay

Human Rights & Human Welfare

“Slavery existed before money or law” (Hochschild 2005). Indeed the “peculiar institution” is one of humanity’s oldest. It has, however, evolved and manifested itself quite distinctly in different periods of history. In contrast to historical views of slavery that are associated with Chattel Slavery, numerous forms fall under the umbrella term of contemporary slavery. The United Nations (U.N.) Working Group recognizes such radically new forms as: child labor, children in conflict, trafficking in persons, sexual exploitation, and the sale of children. The International Labor Office (ILO) approaches the topic through the lens of forced labor. The ILO recognizes slavery and …

Ape 205, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Figures 1.1-1.16: Advanced political economy data charts [Chart packet on industrial production, investment, output, business cycles, prices, wages, unemployment, and projected U.S. and U.K. long waves]. (n.d.).
• The New School for Social Research. (2008, Spring). GECO 6205 Advanced Political Economy 2 attendance sheet [Completed course attendance record].
• Tran, L. (2008, February 7). Attendance policy [Faculty memorandum with Student Non-Attendance Form].
• Shaikh, A. (2000, September). The economic analysis of advanced capitalism I [Annotated Economics 204 / Advanced Political Economy I syllabus and reading outline].
• Shaikh, A. (2008, Spring). The economic analysis of advanced capitalism [Annotated Economics 205 / …

Rethinking Economics + Brewster Article From Economics And Society Vol 1, Issue 3, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, Anwar, PhD. Rethinking economics from the ground up. Unpublished lecture outline, dated September 23, 2010. 
• Travel itinerary and hotel reservation records for a recruitment trip through Mumbai, Delhi, and Beijing. Unpublished business correspondence and travel documents, undated authorship, spanning reservation and travel dates from late September 2007 through late November 2007. Contents include a Taj President Mumbai reservation confirmation, contact information for a Delhi guest house and a Beijing hotel, a day-by-day interview schedule across the three cities, and separate airline itineraries for the outbound and return legs of the trip.
• Brewster, B. 1972. Introduction …

Vecinos Indiferentes: Chile, Bolivia Y La Gas Natural, Daniel Hodges-Copple

Independent Study Project (ISP) Collection

The purpose of this investigation is to analyze the relationship between Chile and Bolivia with respect to the issue of natural gas exportation and importation. For various historical, political and cultural reasons, Bolivia chooses not to export any of its large natural gas reserves to its neighbor, Chile. This paper will demonstrate and analyze the current energy situation of both countries, the obstacles that prevent cooperation, the efforts being made to correct them, and suggestions for resolving the issue to the benefit of both countries in the context of regional integration.

Review Of "Rethinking Asia’S Economic Miracle: The Political Economy Of War, Prosperity And Crisis", Su-Mei Ooi

Scholarship and Professional Work - LAS

The article reviews the book Rethinking Asia’s Economic Miracle: The Political Economy of War, Prosperity and Crisis by Richard Stubbs.

Fostering Entrepreneurship: Developing A Risk-Taking Culture In Singapore, Balbir B. Bhasin

WCBT Faculty Publications

About 10 years ago the Singapore Government realized that entrepreneurial spirit was lacking in its general population. These conclusions were confirmed by an empirical survey, the Global Entrepreneurship Monitor (GEM), an annual assessment of the national level of entrepreneurial activity. The paternalistic and authoritative approach of the government contributed to the general population's averseness to participating in risk-oriented ventures. Removing impediments to entrepreneurship is a key challenge for the government and the business sector if the island republic is to maintain its national competitiveness. This article explores the various initiatives taken by the government to stimulate risk-taking and attempts to …