The Paradox Of Value,
2025
Virginia Commonwealth University
The Paradox Of Value, David Enrique Guarnizo
Theses and Dissertations
The present thesis project examines how, in the United States, and especially in the state of Virginia, archetypes of "wealth," "value," and "identity" have been constructed in relation to land and territory. This analysis explores the tension between the inherent value of life on the land and the economic value that can be derived from it. This tension is exemplified by a theory known as the "paradox of value", also referred to as the "paradox of water and diamonds", which was developed by the renowned Scottish economist and philosopher, Adam Smith. This theoretical framework serves as a fundamental axis for …
The Roots Of Empire And Industry: The Transnational History Of The Soviet Rubber Industry,
2025
Northern Illinois University
The Roots Of Empire And Industry: The Transnational History Of The Soviet Rubber Industry, Alexander Hinnov Craver
Graduate Research Theses & Dissertations
Global rubber shortages and market instability in the early 20th century drove the United States, Soviet Union, and Nazi Germany to collaborate in an overwhelming drive to secure domestically producible sources of rubber, either from plants that could grow outside the tropics, or from synthetic rubber processes. The Soviet Union was an indispensable part of this converging, transnational “quest for rubber.” Russian scientists created the first factories to produce synthetic rubber, and Russian agronomists had discovered a dandelion in Central Asia that yielded latex suitable for manufacture. Consequently, both discoveries were disseminated across the world. Sometimes they were shared: the …
Impact Of Geography On Institutions In Agricultural And Nomadic Societies,
2025
Old Dominion University
Impact Of Geography On Institutions In Agricultural And Nomadic Societies, Haiwen Zhou
Economics Faculty Publications
How geography affects the choice of institutions is studied in a theoretical model. In this model, nations are located around a circle. Rulers compete through choosing tax rates, the level of military spending, and the degree of formality of institutions. Geographic condition is captured by population density. It is shown that societies with higher population densities choose lower tax rates, establish more formal institutions, and give government officials lower levels of autonomies than those with lower population densities do. A higher level of external threats induces a ruler to choose a higher level of autonomy for officials. The model is …
An Economic And Production Analysis Of Seaweed Farms In California And The Pacific Northwest,
2025
Cal Poly Humboldt
An Economic And Production Analysis Of Seaweed Farms In California And The Pacific Northwest, Brian Donovan
Cal Poly Humboldt theses and projects
Since the early 2010s, the seaweed aquaculture industry has steadily expanded in the United States, with states like Alaska, Maine, Hawaii, and Connecticut leading the way in the development of this emerging sector. However, information gaps remain concerning certain aspects of the domestic seaweed aquaculture industry. The purpose of this study was to examine the status of the seaweed aquaculture industry along the West Coast of the United States; specifically in the states of California, Oregon, and Washington. Seaweed farmers in these states were invited to voluntarily complete surveys asking important production, economic, and commercial questions regarding their operations. Data …
Deportations And Debt: How The Trump Administration’S Immigration Policies Affect The United States’ National Debt Situation,
2025
University of New Hampshire
Deportations And Debt: How The Trump Administration’S Immigration Policies Affect The United States’ National Debt Situation, James D. Webster
Honors Theses and Capstones
The value of the United States’ national debt measured as a share of its economic output, otherwise known as its debt-to-GDP ratio, is projected to reach an all-time high and continue to climb over the span of the next 30 years. This can be attributed to a combination of tax and spending policies which generate annual budget deficits as well as a projected slowdown of economic growth. A major factor contributing to this situation is the slowing growth of the labor force in the United States. As time goes on, the growth of the U.S. population slows, and immigration becomes …
Lessons Learned: Karl-Philipp Wojick,
2024
Yale University
Lessons Learned: Karl-Philipp Wojick, Maryann Haggerty
Journal of Financial Crises
Karl-Philipp Wojcik is the general counsel of the European Union’s Single Resolution Board (SRB), the central resolution authority within the European Commission (EC) banking union. The banking union, which as of January 1, 2023, encompasses the 20 eurozone countries, along with Bulgaria, was established as part of the financial system reforms stemming from the Global Financial Crisis and the ensuing European sovereign debt crisis. The SRB’s stated mission is to ensure orderly resolution of failing banks, protect taxpayers from state bailouts, and promote financial stability. Wojcik became SRB general counsel in November 2020. Previously, he was a member of the …
Lessons Learned: Calvin Mitchell Iii,
2024
Yale University
Lessons Learned: Calvin Mitchell Iii, Mercedes Cardona
Journal of Financial Crises
Calvin Mitchell III served as executive vice president of the communications group within the executive office of the Federal Reserve Bank of New York (FRBNY) during the Global Financial Crisis. In 2008, Mitchell was tapped by Timothy Geithner, who was then FRBNY president, to head a new group charged with expanding the communications and community affairs functions. Mitchell left the FRBNY in 2009 for the private sector and returned to government in 2021 as assistant secretary for public affairs in the US Treasury Department.
Lessons Learned: Subba Rao Duvvuri,
2024
YPFS, Yale School of Management
Lessons Learned: Subba Rao Duvvuri, Salil Gupta
Journal of Financial Crises
Subba Rao Duvvuri served as governor of the Reserve Bank of India (RBI) for five years (2008–13). Before that, he was finance secretary to the government of India (2007–08), and secretary to the prime minister’s Economic Advisory Council (2005–07). With a career spanning 35 years in the Indian Administrative Services, Duvvuri has held various positions at the state level in the government of Andhra Pradesh, and at the central government of India. Duvvuri was previously lead economist at the World Bank (1999–2004) and, after 2013, served as a visiting fellow at the National University of Singapore and the University of …
Lessons Learned: Jason Cave,
2024
YPFS, Yale School of Management
Lessons Learned: Jason Cave, Vincient Arnold, Greg Feldberg
Journal of Financial Crises
Jason Cave was the senior adviser to the chairman of the Federal Deposit Insurance Corporation (FDIC) from 2008 to 2011 and the deputy director of the Division of Complex Financial Institutions at the FDIC from 2011 to 2013. This Lessons Learned summary is based on an interview with Cave held on April 8, 2024. During the interview, Cave discussed the so-called ring-fencing arrangements planned, considered, or executed between various agencies of the US government—the Federal Reserve, Department of the Treasury, and FDIC—and three banks: Wachovia, Citigroup, and Bank of America. These arrangements, sometimes referred to as wraps or risk shields, …
International Monetary Fund: Special Drawing Rights Allocations, 2009,
2024
Yale College
International Monetary Fund: Special Drawing Rights Allocations, 2009, Ikbal S. Ahluwalia, Owen Heaphy, Rosalind Z. Wiggins
Journal of Financial Crises
Despite efforts by the world’s major economies to address stresses in the global financial system, by early 2009, the Global Financial Crisis caused developing and lower-income countries to experience shortages of the major reserve currencies. In August 2009, the International Monetary Fund (IMF) distributed a general allocation of Special Drawing Rights (SDR) of unprecedented size—totaling USD 250 billion (SDR 161.3 billion)—to all member countries in an effort to address these issues and provide liquidity to the world’s economies. In September 2009, it also distributed a special “catch-up” allocation of USD 33 billion in SDRs (SDR 21.5 billion) to eligible members …
International Monetary Fund: Short-Term Liquidity Line, 2020,
2024
YPFS, Yale School of Management
International Monetary Fund: Short-Term Liquidity Line, 2020, Carey K. Mott, Léo Brougher
Journal of Financial Crises
As the COVID-19 pandemic spread in March 2020, global financial conditions tightened considerably. In response, global reserve currency-issuing countries extended bilateral swap lines to select countries. Strong demand for US dollar liquidity among emerging markets led the International Monetary Fund (IMF) to introduce the Short-Term Liquidity Line (SLL) on April 15, 2020. The SLL functioned as a swap lending facility. Unlike other IMF liquidity tools, the SLL was a revolving credit line that allowed countries to repeatedly draw funds and make repayments, with each repayment restoring access up to the approved limit across SLL arrangements. Its purpose was to enable …
International Monetary Fund: Foreign Exchange Liquidity Through The Special Drawing Rights Allocation, 2021,
2024
YPFS, Yale School of Management
International Monetary Fund: Foreign Exchange Liquidity Through The Special Drawing Rights Allocation, 2021, Vincient Arnold
Journal of Financial Crises
The official response to the COVID-19 pandemic was costly for governments, particularly those in developing economies with significant existing external debt. On August 2, 2021, the International Monetary Fund (IMF) announced in a press release the allocation of SDR 456 billion (USD 650 billion) in Special Drawing Rights (SDRs) to “address the long-term global need for reserves, build confidence, and foster the resilience and stability of the global economy.” The COVID-19 allocation was a form of unconditional (or “concessional”) liquidity to IMF member nations, similar to a capital injection or grant. It was the fourth-ever general allocation and the largest …
Working Paper No. 86, The Evolution Of Japan's Economy,
2024
Portland State University
Working Paper No. 86, The Evolution Of Japan's Economy, Kasandra Reyes Fernandez
Working Papers in Economics
This inquiry seeks to establish that already from its feudal era characterized by fiefdoms and kingdoms to its development as a modern nation- state, Japan’s economic history reveals discernible variants of capitalism. Highlighting these variants assist us in defining distinct eras that also offer the observer a sense of the evolution of Japan’s economy. In advancing this thesis, the first part considers differences between variants of capitalism found in the Tokugawa Era and, after 1868, what is designated as the Meiji Era. The focus shall be on the economic foundations of the Tokugawa shogunate versus the nascent industrialization during the …
Working Paper No. 96, Swedish Social Democracy And The ‘Meidner’ Plan,
2024
Portland State University
Working Paper No. 96, Swedish Social Democracy And The ‘Meidner’ Plan, Aden Quenemoen
Working Papers in Economics
This inquiry seeks to establish that what became known as the “Meidner Plan” should be understood as an attempt to resolve contradictions within Swedish Social Democracy through promoting collective ownership. This thesis is demonstrated through a three-part structure. To elucidate the contradictions that gave rise to this policy proposal, part one situates Swedish Social Democracy within the broader social democratic tradition before analyzing its historical development as an economic model. Part two investigates the development of the Meidner Plan as an effort to address these contradictions, analyzing its theory, design, and transformative implications. Finally, part three examines the opposition that …
A Revolution Deferred: Polycrisis And The Failures Of Incremental Change In South Africa,
2024
Bucknell University
A Revolution Deferred: Polycrisis And The Failures Of Incremental Change In South Africa, Geoffrey Schneider
Working Papers
No abstract provided.
Striking A Balance: Market Shock & Responses In Automotive Components Manufacturing,
2024
Clemson University
Striking A Balance: Market Shock & Responses In Automotive Components Manufacturing, Emma Lane Mcgahey
All Theses
This thesis examines the effects of extreme market shocks on supply chain dynamics within the automotive industry. Through an analysis of demand data from an automotive manufacturer to its component suppliers (January 2018 to May 2024), the study investigates the relationship between market shocks and supply chain responses, providing insights into how auto components inventory management handles downstream responses to market shocks. With supporting public data—from FRED, BLS, and the U.S. Census Bureau resources—we explore two primary relationships: the impact of market shocks on the Average Standard Deviation of Demand (SDO) and the effect of demand variability on expedited pricing …
Interest Groups And Central Banking,
2024
The University of Texas at El Paso
Interest Groups And Central Banking, Louis Rouanet, Michael Wroblewski
Hunt Institute Working Paper Series
This chapter offers an alternative approach to the public interest theory of central banking.Instead of interpreting the history of central banking as attempts to solve market failures, we suggest that central bank behavior can be best explained by studying the constraints faced by members of various interest groups, including members of the central banks themselves. Instead of looking uniquely at how private decisions in commercial markets shape central banks’ decisions, we argue that central bank behavior is best predicted when applying the tools of economics to politics, i.e., when using Public Choice.
The Rise And Fall Of Caribbean Piracy: A Socio-Technical Analysis Of The War Of Spanish Succession, Maritime Innovation, And Edward Randolf’S Policy,
2024
University of South Florida
The Rise And Fall Of Caribbean Piracy: A Socio-Technical Analysis Of The War Of Spanish Succession, Maritime Innovation, And Edward Randolf’S Policy, Dominique M. Salinski
Armstrong Undergraduate Journal of History
This paper argues that the mode and historical context in which piracy ascended in the Caribbean after the War of the Spanish Succession, as well as the historical interrelation between maritime technology and pirate tactics, coalesced into a diachronic Damocles Sword that resulted in the downfall of piracy in the Golden Age. Sanctioning piratical enterprises as a subconventional maritime strategy displayed a geopolitical reliance on piracy by great powers. However, the depraved treatment conventional sailors received across all major European navies generated a social stratum that eventually bore the Golden Age of Piracy, while simultaneously contributing significantly to British naval …
Lessons Learned: Martín Redrado,
2024
Yale School of Management
Lessons Learned: Martín Redrado, Vincient Arnold
Journal of Financial Crises
Martín Redrado was appointed president of the Central Bank of Argentina by President Néstor Kirchner in 2004 and oversaw measures to manage the external shocks of the Global Financial Crisis of 2007–09. He resigned in 2010 after President Cristina Fernández de Kirchner tried to remove him over a dispute regarding the use of the bank’s reserves to fund the government. After leaving the bank, Redrado authored the book No Reserve: The Limit of Absolute Power, which argues against the danger of mixing politics and economics. He is currently a director of the think tank Fundación Capital and most recently was …
Lessons Learned: Alfred Dellibovi,
2024
Yale School of Management
Lessons Learned: Alfred Dellibovi, Maryanne Chute Lynch, Rosalind Z. Wiggins
Journal of Financial Crises
The Yale Program on Financial Stability (YPFS) interviewed Alfred DelliBovi about his tenure as president and chief executive officer of the Federal Home Loan Bank of New York leading up to and during the Global Financial Crisis of 2007–09 (GFC). The Federal Home Loan Banks (FHLBs) played a critical and unexpected lending role for their member banks at the start of the crisis. DelliBovi remained in his position for 21 years, until 2014. Before moving to the FHLB, DelliBovi had served as deputy secretary at the United States Department of Housing and Urban Development (HUD) from 1989 to 1992, in …
