Economics Commons^™

Opening Remarks, Chancellor William B. Chandler Iii

Seattle University Law Review

Law is, in many ways, a backwards-looking field. We litigate over facts that have already occurred, challenge deals that have already been signed, and apply rules of decision based on previously-established precedent or statutes already enacted. To the extent that this Center and the symposium reflect on Berle’s work, they too are an exercise in looking back. Indeed, some might say the establishment of a Center named in Berle’s honor is a monument to the past.

Revisiting Berle And Rethinking The Corporate Structure, Kelli A. Alces

Seattle University Law Review

Adolf Berle and Gardiner Means painted what remains a defining portrait of corporate law. The separation of ownership and control they described and the agency costs it causes are still a central concern of the law of corporate governance. For that reason, Berle’s work is relevant nearly eighty years after its publication. Seemingly forgotten, however, is that Berle’s enduring description of the corporate structure was published before most of today’s corporate law was in place. His work preceded the Securities Act of 1933 and the Securities Exchange Act of 1934 and even preceded the dominance of Delaware common law in …

Power Without Property, Still: Unger, Berle, And The Derivatives Revolution, Cristie Ford, Carol Liao

Seattle University Law Review

We are in a time when the notion of property is in flux. The derivatives revolution has shattered the “atom of property” well beyond what was originally imagined in 1932 by Adolf Berle and Gardiner Means. This disaggregation has had fascinating, and often adverse, effects on corporate law and securities regulation. Moreover, the phenomenon has had the unexpected effect of permitting some parties that already possess considerable social, economic, and political power to accumulate even more.

The New Financial Assets: Separating Ownership From Control, Tamar Frankel

Seattle University Law Review

In The Modern Corporation and Private Property, Adolf A. Berle and Gardiner Means wrote about the separation of ownership from control in corporations. They noted that the interests of the controlling directors and managers can diverge from those of the shareholder owners of the firm. . . . There are those who consider such a decoupling beneficial. Others express the same concern that Berle and Means have expressed. And depending on what one focuses on in viewing the pluses and minuses of these separations, one could reach different conclusions. I reach a number of conclusions. First, the separation of …

Then And Now: Professor Berle And The Unpredictable Shareholder, Jennifer G. Hill

Seattle University Law Review

Shareholders, and the relationship between shareholders and management, lay at the heart of Professor Berle’s scholarship. The goal of this Article is to compare the image of shareholders emerging from The Modern Corporation and Private Property and the Berle/Dodd debate with a range of contemporary visions of the shareholder that underpin some international regulatory responses to recent financial debacles, from Enron to the current global financial crisis. As the Article dis- cusses, these recent developments in the era of financial crises have prompted a reevaluation of the traditional image of the shareholder—and the role of the shareholder in the modern …

Berle And The Entrepreneur, Charles R.T. O'Kelley

Seattle University Law Review

In the first and last four chapters (“the Five Chapters”) of The Modern Corporation and Private Property, Adolf Berle, Jr. describes in sweeping terms a fundamental transformation of the American economy. . . . Writing more than ten years before Berle, another seminal scholar, Frank Knight . . . developed a theory of the entrepreneur as part of his larger effort to more carefully explain the theoretical underpinnings of a free-market economy. . . . Given Knight’s prominence and the fact that Knight apparently reached dramatically different conclusions than did Berle concerning the consequences flowing from separation of ownership …

The Birth Of Corporate Governance, Harwell Wells

Seattle University Law Review

Part I of this Article briefly examines the concept of “corporate governance” and argues for dating the concept’s origins to the debates of the 1920s. Part II then moves on to examine early scholarly and popular discussions of the separation of ownership and control. After surveying the historical developments that produced the recognizably modern corporate economy around the turn of the century, it examines early scholarly and popular discussions of the separation of ownership and control, focusing on three major thinkers, Louis D. Brandeis, Walter Lippmann, and Thorstein Veblen. It argues that, while each of these authors examined the separation …

Club Goods And Group Identity: Evidence From Islamic Resurgence During The Indonesian Financial Crisis, Daniel L. Chen

Faculty Scholarship

This paper tests a model in which group identity in the form of religious intensity functions as ex post insurance. I exploit relative price shocks induced by the Indonesian financial crisis to demonstrate a causal relationship between economic distress and religious intensity (Koran study and Islamic school attendance) that is weaker for other forms of group identity. Consistent with ex post insurance, credit availability reduces the effect of economic distress on religious intensity, religious intensity alleviates credit constraints, and religious institutions smooth consumption shocks across households and within households, particularly for those who were less religious before the crisis.

Fragmentation In Mental Health Benefits And Services: A Preliminary Examination Into Consumption And Outcomes, Barak D. Richman, Daniel Grossman, Frank Sloan

Faculty Scholarship

In this chapter, we examine consumption patterns and health outcomes within a health insurance system in which mental health benefits are administered under a carved-out insurance plan. Using a comprehensive dataset of health claims, including insurance claims for both mental and physical health services, we examine both heterogeneity of consumption and variation in outcomes. Consumption variation addresses the regularly overlooked question of how equal insurance and access does not translate into equitable consumption. Outcomes variation yields insights into the potential harms of disparate consumption and of uncoordinated care. We find that even when insurance and access are held constant, consumption …

Making Mountains Of Debt Out Of Molehills: The Pro-Cyclical Implications Of Tax And Expenditure Limitations, Mathew D. Mccubbins, Ellen Moule

Faculty Scholarship

This paper presents evidence that property tax limits have detrimental effects on state and local revenues during recessions. Property tax limits cause states to rely on income–elastic revenue sources, such as the income tax or charges and fees. Greater reliance on these revenue sources results in greater revenue declines during economic downturns. We present analysis of time–series, cross–sectional data for the U.S. states for each of these conclusions. Our results suggest that states would have fewer and more modest financial problems during economic downturns if they did not enact property tax limitations.

Kentucky Annual Economic Report 2010, Kenneth R. Troske, Devanathan Sudharshan, Anna L. Stewart

Kentucky Annual Economic Report

No abstract provided.

Financial Analysis With Microsoft Excel, Timothy R. Mayes, Todd M. Shank

USF St. Petersburg Campus Faculty Publications

No abstract provided.

Microfinance And Women’S Empowerment In Honduras, Katherine Sugg

Sociology Honors Papers

This thesis examines the possibilities for women’s empowerment through microfinance. It utilizes the results of a survey conducted in 2009 with clients of the microfinance organization FINCA Honduras. The analysis of these survey results yields important conclusions on FINCA Honduras’ ability to empower Honduran women economically, psychologically, and socio-culturally. The original hypothesis of this study stated that FINCA Honduras’ financial services would help the female client to improve her standard of living, her psychological well-being, and her gender relationships in the home. FINCA Honduras has partially succeeded in empowering its female clients in these ways, but currently lacks the specific …

Eco104 Ricardo, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

• Shaikh, A., PhD. (2005, Fall). Historical foundations of political economy [Midterm exam sample questions].

• Ricardo 93 percent price theory [Handout]. (n.d.).

• Shaikh, A., PhD. (n.d.). Ricardo’s general problem [Handwritten notes].

• Shaikh, A. (2010, September 8). Basic structure of the classical theory of price [Manuscript].

• Calculation of standard Marxian prices of production [File printout]. (2004, October 6).

• Wage-profit frontiers using commodity 61 as numeraire [Graphs]. (n.d.).

• Shaikh, A., PhD. (1973, February 27). Value seminar [Handwritten notes].

• Shaikh, A., PhD. (n.d.). Ch IV: On natural and market price [Handwritten notes].

• …

The Economics Of Natural And Unnatural Disasters, William S. Kern Editor

Upjohn Press

These papers present the economic issues debates that arise when natural disasters strike. Better mechanisms for coping with disasters through better preparation and mitigation efforts are addressed. The authors discuss insurance and risk and suggest long-term insurance arrangements and government policy action. The themes addressed also include the ability of potential disaster victims to accurately assess the risks they face, the role of incentives in ensuring that mitigation efforts are undertaken, the adequacy of the evaluation of the impact of disasters on economies, and discussion of the effectiveness of current government policies toward disaster prevention and relief.

Sustainable Economic Development In Energy Rich Economies: A Regional Approach, Hodjat Ghadimi

Regional Research Institute Working Papers

There is an extensive literature on or relating to development issues of energy rich economies – particularly those in the developing world. While national-level studies abound, the analyses of these economies at a regional level or with a regional and spatial perspective are scarce. Generally, a bottom up regional approach to development and the value of insights that regional models and comparative regional studies provide have not received sufficient attention in the field of development economics. Analyzing development sustainability in energy rich economies at a regional scale may provide insights not otherwise possible. National scale studies and models are mostly …

The Effects Of Community Uninsurance On Health Care Quality For The Insured Population, Tuan Anh Nguyen

Economics Theses - Archive

An important aspect of the ongoing health care reform of 2010 is to provide health coverage to the uninsured, the rising population of which has remained a significant challenge to overcome. Previously, efforts to reduce the number of people without health insurance have been centered on a moral rationale that providing care for the medically indigent was "the right thing" to do. However, recent evidence suggests that it might be in the best interest of people who are already insured to be concerned about the rate of uninsurance in their communities because of a potential negative spillover effect. Using four …

Department Of Economics Newsletter, V16, Winter 2010, University Of Northern Iowa. Department Of Economics.

Department of Economics Newsletter

Inside This Issue:
--Scholarship News
--Honoring Scholarship Recipients
--Economics Club
--Alumni News
--Alumni-in-Residence
--Economics Club
--Graduation
--Help Us Recruit Majors
--Russia 2009
-Competitions
--Lawrence M. Jepson International Economics Essay Contest
--UNI Team Enters Fed Challenge
--Undergraduate Research Program
--How Old is the UNI Economics Major
--Academics and Sports
--Mahoney vs Tebow vs McCoy
--Ryan Mahaffey Receives Scholar-Athlete Honors
--UNI Economics: A Small School Experience in a Big School Environment
--Commentaries From Faculty
--Gender Wage Gap: A Brief Investigation
--K-12 or K-11
--Commentaries From Faculty
--China
--China by the Numbers
--Truth, Lies, and Statistics
--Faculty Awards
--Lawrence Jepsen Professorship Awarded
--From …

Von Der Avantgarde Zu Den Verlierern Des Postkommunismus: Gewerkschaften Im Prozess Der Restrukturierung Der Stahlindustrie In Mittel- Und Osteuropa, Aleksandra Sznajder Lee, Vera Trappmann

Political Science Faculty Publications

Der Beitrag analysiert die Gründe für die Schwächung der Gewerkschaften in Mittel- und Osteuropa auf betrieblicher Ebene. Am Beispiel der Stahlindustrie in Polen, Rumänien und der Slowakei zeigt er, dass die Gewerkschaften Legitimität und Unterstützung bei den Belegschaften aufgrund ihrer Verwicklung in die Restrukturierung der Unternehmen verloren haben, und zwar aus je unterschiedlichen Gründen. In der Slowakei und Rumänien haben sich die betrieblichen Gewerkschaftsvertreter zusammen mit Regierungsangehörigen an den Betrieben privatwirtschaftlich bereichert und die Unternehmen so in den Bankrott geführt, während in Polen die Gewerkschaften versucht haben, die Profitabilität der Unternehmen zu erhalten, auf Kosten der Arbeitsplätze. Der neoliberale Kurs …

Illusions Of Market Paradise: State, Business, And Economic Reform In Post-Socialist Russia And Post-1980s Crisis Argentina, Jeffrey K. Hass, Gastón J. Beltrán

Sociology and Anthropology Faculty Publications

The 1980s and early 1990s were characterized by sweeping, radical neoliberal, monetarist-inspired economic reforms designed to correct financial or structural crises. Latin American countries initiated the wave, followed by Eastern Europe and the former USSR, although the timing, scope, and policies varied. Often one reads accounts of friends and foes of reform lined up to do battle in domestic and international alliances. However, reform processes and outcomes do not always follow the formula of reformers versus conservatives; there is more to the balance of power than these all-too-common accounts would suggest. Industrial managers in the Soviet Union and post-Soviet Russia …