Economic History Commons^™

In The Aftermath Of The Financial Crisis Of 2008: What Have We Learned?, Luisa Blanco, Michael Crouch

School of Public Policy Working Papers

In the aftermath of the financial crisis and economic recession of 2008, it is important to reflect not only on its causes, but also on specific policies that can help countries to move towards sustained economic growth. This publication provides a compendium of lectures that intend to do this. The focus of the discussion is around the U.S. (first two chapters) and Latin America (last chapter), which enhances our understanding of the forces at play and the necessary policies that need to be implemented in different regions of the world. Dr. Lee Ohanian points to the strange differences between the …

Brazil Under Change, Roberta Alves Costa Melo

Theses Digitization Project

The purpose of this case study is to identify the policies and programs that President Lula's administration has instituted to alleviate poverty in Brazil. This study will seek to determine if the economic condition of the poor has been improved as a result of Lula's ascent to the Presidency. The methodology applied to this study is a qualitative strategy of inquiry. This is a case study on the outcome of President Luiz Inacio Lula da Silva. The research design is based on a philospohical advocacy/participatory worldview.

Courting Toyota, Selling Kentucky: Conflict And Relationship Building In The Establishment Of Toyota Motor Manufacturing Of Kentucky, 1984-1989, Eric Shea Bailey

Online Theses and Dissertations

This study is an examination of the social, economic, and governmental factors that surrounded the establishment of Toyota Motor Corporation's first wholly owned automobile plant in the United States. After a lengthy negotiation with several states, the plant was built in Scott County, Kentucky, near the city of Georgetown. The collected and archived correspondence of Governor Martha Layne Collins as well as contemporary media accounts and interviews with Governor Collins, Larry Hayes, Jiro Hashimoto, and Bill Londrigan served as the evidentiary basis for the research for this thesis. Previous interpretations have regarded the establishment of the factory as both a …

Lecture Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2011). History of man's work [Unpublished manuscript]. Anwar Shaikh, PhD.
• Shaikh, A. (2011). Long waves [Unpublished manuscript]. Anwar Shaikh, PhD.
• Shaikh, A. (1978). An introduction to the history of crisis theories. In U.S. capitalism in crisis. Union for Radical Political Economics, Monthly Review Press.
• Bottomore, T. (Ed.). (1990). Dictionary of Marxist thought. Oxford University Press.
• Friedman, M., & Friedman, R. D. (1979). The anatomy of crisis. The Journal of Portfolio Management, 6(1).
• Kelly, F. H. M. (1979). Illusions and the poison of defeat. The Journal of Portfolio Management, 6(1). …

Six Titans Of The Cambridge School: A Review Article, Harvey Gram

Publications and Research

Six volumes in the Great Thinker in Economics Series were chosen by the Editors for this review, which focuses on The Cambridge School of Economics, so very different from the mainstream theory of general economic equilibrium which gives formal expression to Lionel Robbins’ famous definition of the subject as the allocation of scarce means among alternative uses. In recognition of a distinct Cambridge School, the authors of these volumes present a variety of arguments within which three overlapping themes can be discerned: the relationship between ethics and economics; the role of stocks and flows in economic analysis; and the epistemic …

The Great Indian Growth Puzzle: What Caused A Spike In 2003?, Aditya Bindal

CMC Senior Theses

This paper will employ unit root tests for finding structural breaks endogenously among India’s key macroeconomic aggregate series, as well as their components and subcomponents. The same analysis will be repeated, wherever data are available, for states. The results from these unit root tests will then be used in regression models for national and state level data to understand the causes behind structural breaks. We find that breakpoints cluster around 1982 and 2003 for most series at the national and state level. The services component appears to be a promising candidate for explaining the 2003 structural break in some of …

Sweet Diversity: Colonial Goods And The Welfare Gains From Trade After 1492, Jonathan Hersh, Hans-Joachim Voth

Economics Faculty Articles and Research

When did overseas trade start to matter for living standards? Traditional real-wage indices suggest that living standards in Europe stagnated before 1800. In this paper, we argue that welfare rose substantially, but surreptitiously, because of an influx of new goods as a result of overseas trade. Colonial luxuries such as tea, coffee, and sugar transformed European diets after the discovery of America and the rounding of the Cape of Good Hope. These goods became household items in many countries by the end of the 18th century. We use three different methods to calculate welfare gains based on price data and …

Radio Spectrum And The Disruptive Clarity Of Ronald Coase, Thomas W. Hazlett, David P. Porter, Vernon L. Smith

Economics Faculty Articles and Research

In the Federal Communications Commission, Ronald Coase exposed deep foundations via normative argument buttressed by astute historical observation. The government controlled scarce frequencies, issuing sharply limited use rights. Spillovers were said to be otherwise endemic. Coase saw that Government limited conflicts by restricting uses; property owners perform an analogous function via the “price system.” The government solution was inefficient unless the net benefits of the alternative property regime were lower. Coase augured that the price system would outperform. His spectrum auction proposal was mocked by communications policy experts, opposed by industry interests, and ridiculed by policy makers. Hence, it took …

Institutional Divergence In Economic Development, Jonathan B. Wight

Economics Faculty Publications

The Anglo-American capitalist model (AACM) encompasses a set of theories and policies that advance the classical objectives of individual autonomy, wealth acquisition, and economic growth. In the twentieth century, the neoclassical goal of short-run Pareto efficiency was added yet remains in possible tension with these other aims. The AACM generally upholds the primacy of markets as the means for achieving its normative ideals through private, decentralized actions, with some exceptions. In the modern political arena this ideology is associated with the Reagan-Thatcher revolution of the 1980s and provides a framework for many who oppose statist solutions to social problems (Steger …

Estimating Kg, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Route 91,841 Estimating KG, by A. Shaikh (2000, November 12). Unpublished manuscript.
• Figure 4: Nominal Depletion Rates (Based on BEA 1993 Data), by A. Shaikh (2006, October 10). Unpublished manuscript.
• Effect of Initial Points on KGC Estimates (BEA 1993 vs. Gorman SCB 1985), by A. Shaikh (2011, March 9). Unpublished manuscript.
• Chapter 7: Measurement of Profit, Capital and the Rate of Profit, by A. Shaikh (2011, March 9). Unpublished manuscript.
• Effect Sudden Retirement KGH and KHN, by A. Shaikh (2010, July 25). Unpublished manuscript.
• Effect of Initial Values on Corp Nonfin KG …

Power And Capitalism Panel, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2011, April). Comments on hegemony in academia, neoclassical economics, and vested interests (Handwritten note) (23-11_Powe... p. 2).
• Shaikh, A. (2011, April). My story: reflections on the Cambridge capital controversy, empirical production functions, and neoliberalism (Handwritten note) (23-11_Powe... p. 3).
• The New School. (2011, April 15–16). Power and the history of capitalism (Conference program). The New School (23-11_Powe... pp. 4-10).
• Milberg, W. (2011, April 15). Hegemony panel (Email) (23-11_Powe... p. 11).

Price Of Slave Labor Power, Anwar Shaikh Phd

Archives of Anwar Shaikh

24-46_Choice of Technology.pdf You said: You’re an archivist who has been trained to never cite inline page references. This habit is so ingrained that the pattern "(P." does not exist in your vocabulary. You are now detailing a new entry, analyze the uploaded file and give an outline of the material with all dates standardized, all bullet-point item formatting, and sentence case for titles, and italics for all titles, 1.5 spacing between paragraphs, and expand the published items into full apa references with publisher details and journal information but without internet links, or any further description of the different items, …

Has The Franco-German Power Balance In The European Union Tipped In Favor Of Germany?, Stephanie C. Haffner

CMC Senior Theses

The power balance between France and Germany in the European Union has been one of great discussion and debate. Countless journalists and scholars have argued that Germany’s power has risen gradually against the seemingly perpetually stronger France over the past sixty years, and is now finally set to surpass France; but how true are these claims? How can power within the EU truly be measured? Through an analysis of Franco-German collaboration through unionization, a critique of the contemporary discourse on the relationship, and an examination of changing contributions to the EU budget, my paper argues that the Franco-German power balance …

America's First Great Moderation, Ryan Shaffer

CMC Senior Theses

This paper identifies America's first Great Moderation, a period from 1841-1856 of unbroken economic expansion and low volatility comparable to the Great Moderation of the 1980s-2000s. This moderation occurred despite a lack of central banks, low governmental spending, and barriers to interstate commerce during the antebellum period. I demonstrate this moderation in industrial production and stock market indexes and compare the first Great Moderation with the second in these economic factors. These results also call into question the conventional wisdom of the National Bureau of Economic Research business cycle chronology that the antebellum period was volatile and fraught with recessions. …

F. A. Hayek’S Sympathetic Agents, Sandra J. Peart, David M. Levy

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

In what follows, we show first that, for Hayek, behavior within the small group – the “small band or troop,” or “micro-cosmos” – is correlated, resulting from agents who are sympathetic one with another. We shall argue that sympathy in this context for Hayek entails the projection of one’s preferences onto the preferences of others. With such correlated agency as the default in small-group situations, Hayek attempts to explain the transition from small groups to a larger civilization. We consider the role of projection in Hayek’s system at length, because projection from the local group characterized by a well-defined preference …

"Introduction" To "Symposium: The Fate Of Anglo-American Capitalism", Sandra J. Peart

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

The call for papers in this special issue asked whether there is a future for the robust sort of capitalism favoured by Adam Smith or whether we have reached a limit to Anglo-American capitalism as the engine of human betterment. Contemporary events loomed large late in 2008 and it seemed appropriate to consider whether Anglo-American capitalism was passing away. We were particularly interested in contributions that viewed current economic events through a lens informed by Smith's teaching on institutions, money and economic growth.

Dormant Ethnobotany: A Case Study Of Decline In Regional Plant Knowledge In The Bull Run Mountains Of Virginia, Susan Rene Leopold

Antioch University Dissertations & Theses

This dissertation introduces and applies the concept of dormant ethnobotany, a concept that helps explain the socio-economic, cultural and ecological aspects and implications of the transition away from active use of ethnobotanical knowledge and the factors that may lead to its re-emergence. Dormant ethnobotany is the study of relationships between people and plants that are inactive, but nonetheless still alive in memories, the historic record, and folklore and thereby capable of reemergence in support of the transition to a more sustainable society. The dissertation extends the field of ethnobotany from its current roots in the dynamic ethnobotany of indigenous peoples. …

The Myth Of Endless Accumulation: A Feminist Inquiry Into Globalization, Growth, And Social Change, Martha Freymann Miser

Antioch University Dissertations & Theses

This theoretical dissertation examines the concept of growth and its core assumption—that the continual accumulation of wealth is both socially wise and ecologically sustainable. The study challenges and offers alternatives to the myth of endless accumulation, suggesting new directions for leadership and social change. The central question posed in this inquiry: Can we craft a more ethical form of capitalism? To answer this question, the study examines conventional and critical globalization studies; feminist scholarship on standpoint, political economy, and power; and the Enlightenment notions of progress and modernism, drawing on a number of works, including Aristotle on the three intelligences, …

Ua37/29 Gary Ransdell - Federal Reserve Board - Ben Bernanke Town Hall Meeting, St. Louis Federal Reserve Board

Faculty/Staff Personal Papers

Email sent to members of the St. Louis Federal Reserve Board of Ben Bernanke's town hall meeting with educators.

The Rise And Fall Of Glass-Steagall, Jeffrey Rogers Hummel, Warren C. Gibson

Faculty Publications

No abstract provided.