Political Economy Commons^™

“The Current Crisis Of Us Neoliberal Capitalism And Prospects For A New ‘Social Structure Of Accumulation’.”, David Jaffee

Showcase of Faculty Scholarly & Creative Activity

Wage squeeze/profit squeeze crisis theories provide a powerful framework for the historical analysis of US capitalist crises and the alternating demand-side and supply-side social structures of accumulation (SSA). However, the current neoliberal SSA would seem to defy the logic of this model in its persistence in the face of a deep financial crisis and a failure to realize its espoused objectives. This paper reviews this theoretical model of economic crises, its relationship to and viability alongside the rise and establishment of neoliberalism, and some of the political and economic obstacles that would seem to prevent the construction of a new …

Disarticulation And The Crisis Of Neoliberalism In The United States, David Jaffee

Showcase of Faculty Scholarly & Creative Activity

Neoliberal policies instituted since the 1980s have transformed the United States economy in ways that have produced serious structural distortions in the basic operation of capitalism. Using Samir Amin’s concept of disarticulation, previously applied exclusively to the periphery of the world economy, this article argues that the twin and mutually reinforcing features of neoliberalism – global corporate restructuring and financialization – have now generated disarticulation in the core nations. This disarticulated structure is responsible for the economic stagnation and sharply unequal income/wealth distributional outcomes that characterize contemporary U.S. capitalism.

Is Authoritarianism Bad For The Economy? Ask Venezuela – Or Hungary Or Turkey, Nisha Bellinger, Byunghwan Son

Political Science Faculty Publications and Presentations

Democracy is at risk worldwide. And the economy may be, too.

Seventy-one out of the world’s 195 countries saw their democratic institutions erode in recent years, according to the 2018 year-end report by democracy watchdog Freedom House, a phenomenon known as “democratic backsliding.” Signs of backsliding include elected leaders who expand their executive powers while weakening the legislature and judiciary, elections that have become less competitive and shrinking press freedom.

Sanctions For Nuclear Inhibition: Comparing Sanctions Conditions Between Iran And North Korea, Inwook Kim, Jung-Chul Lee

Research Collection School of Social Sciences

Whendo sanctions succeed in nuclear inhibition? Is there a generalizable frameworkto estimate sanction effectiveness against nuclear aspirants? Instead ofrelying on partial equilibrium analysis, we conceptualize sanctions as threesequential phases—imposition of economic pain, conversation to politicalpressure, and creation (or failure thereof) of zone of possible agreement(ZOPA). The effectiveness of each phase is subject to phase-specific contextualvariables, an aggregation of which helps measure individual sanction’s effectiveness,conduct cross-case comparison, and estimate one’s replicability in other cases.To illustrate its analytical utility, we analyze the divergent sanctionoutcomes between Iran in 2012-2015 and North Korea 2013-2017. Iran waseconomically more vulnerable, politically less resilient, and its bargainingposition …

Empty Discarded Pack Data And The Prevalence Of Illicit Trade In Cigarettes In California, James Prieger

School of Public Policy Working Papers

Illicit trade in tobacco products (ITTP) creates many harms including reduced tax revenues; damages to the economic interests of legitimate actors; funding for organized-crime and terrorist groups; negative effects of participation in illicit markets, such as violence and incarceration; and reduced effectiveness of smoking-reduction policies, leading to increased damage to health. To study the prevalence of tax avoidance and ITTP, we analyze a large, novel set of data from empty discarded pack (EDP) studies. In EDP studies, teams of researchers collect all cigarette packs discarded in publicly accessible spaces of selected neighborhoods. Packs are examined for the absence of local …

Slogans Appropriate To The Legacy Of Martin Luther King Jr., Theodore Walker

Perkins Faculty Research and Special Events

For printing signs, banners, posters, tee shirts, and bumper stickers (and for preaching sermons) that are appropriate to the legacy of Rev. Dr. Martin Luther King Jr., please consider the following slogans: ABOLISH WAR, ABOLISH POVERTY, AMEND THE CONSTITUTION, SUPPORT AN ECONOMIC BILL OF RIGHTS, JOBS FOR ALL, GUARANTEED INCOME FOR ALL, SUPPORT UNIVERSAL BASIC INCOME, and GOOD NEWS TO THE POOR - Luke 4:14-19.

The Gettysburg Economic Review, Volume 11, Spring 2019

Gettysburg Economic Review

No abstract provided.

Humanomics: Moral Sentiments And The Wealth Of Nations For The Twenty-First Century, Vernon Smith, Bart J. Wilson

Economics Faculty Books and Book Chapters

Sometime in the last 250 years, economists lost sight of the full range of human feeling, thinking, and knowing in everyday life. Smith and Wilson show how Adam Smith's model of sociality can re-humanize twenty-first century economics by undergirding it with sentiments, fellow feeling, and a sense of propriety - the stuff of which human relationships are built. Integrating insights from The Theory of Moral Sentiments and the Wealth of Nations into contemporary empirical analysis, this book shapes economic betterment as a science of human beings.

The Effect Of Fiscal Transparency On Output, Inflation, And Government Debt, Luce Menicali

Gettysburg Economic Review

This theoretical paper studies the issue of fiscal transparency, which we define as asymmetry of information between the households’ perception of fiscal policy and the actual government balance sheet, in the context of a 24-hour news cycle. We model the economy using the New Keynesian three-equation model to study the effect of fiscal transparency on output, inflation, and especially government debt in order to draw conclusions that are relevant in the realm of policy-making in a sovereign debt crisis scenario. We find that a higher degree of fiscal transparency leads to greater levels of output and inflation as well as …

Mass Atrocities And Their Prevention, Charles H. Anderton, Jurgen Brauer

Economics Department Working Papers

Counting conservatively, and ignoring physical injuries and mental trauma, data show about 100 million mass atrocity-related deaths since 1900. Occurring in war and in peacetime, and of enormous scale, severity, and brutality, they are geographically widespread, occur with surprising frequency, and can be long-lasting in their adverse effects on economic and human development, wellbeing, and wealth. As such, they are a major economic concern. This article synthesizes very diverse and widely dispersed theoretical and empirical literatures, addressing two gaps: a “mass atrocities gap” in the economics literature and an “economics gap” in mass atrocities scholarship. Our goals are, first, for …

A Mobile Solution To Drug Prescription And Dispensation With Privacy Protection For Developing Economies, Kingsley C. Nwosu

Journal for the Advancement of Developing Economies

It is unarguable that many countries within the developing economies have not been able to reap many of the benefits from the innovations in Computer and Information Technologies (CIT) as they pertain to the advances in healthcare delivery systems. The contributing factors to the problems in these countries are multifaceted, such as, ethnic, cultural, environmental, governance, and infrastructural. To address these problems, current efforts have focused mostly on the issues of disease control and management. However, insufficient attention has been given to the concomitant problems of medication (drug / prescription) management especially as they relate to information management between patients, …

All For One Or Each For Her Own: Do Polygamous Families Share And Share Alike?, Kristin Mammen

Journal for the Advancement of Developing Economies

This paper examines whether the mother’s rank (whether she is a senior or junior wife) in polygamous households in Côte d’Ivoire injects favoritism that could lead to differential investment in children (based on mother’s rank), a concern that could cause an inefficient allocation of household resources. The hypothesis is that the younger is a junior wife relative to the senior wife, the greater favoritism she will receive from the husband, and the better her children will fare. This question is analyzed employing Ordinary Least Squares on a Living Standards Measurement Survey microdataset collected by the World Bank. An interesting pattern …

Credit Constraints And Agricultural Productivity Of Rural Households In Nigeria, Olugbenga K. Omolade, Abimbola O. Adepoju

Journal for the Advancement of Developing Economies

This study, employing descriptive statistics and the Endogenous Switching Model, examined the link between credit constrained condition and agricultural productivity of rural households in Nigeria. Findings show that under credit constrained condition, education, labour, technology and other production inputs were not optimally utilized by the households. Credit constrained households had lower productivity than a random household from the sample would have had. However, in credit constrained households, being a male-headed household implied higher productivity. On the other hand, high value of assets and cost of hired labour had negative effects on productivity, while level of education and access to information …

Can Credit Rating Agencies Affect Election Outcomes?, Igor Cunha, Miguel A. Ferreira, Rui C. Silva

Institute for the Study of Free Enterprise Working Papers

We show that credit rating agencies can have a significant effect on election outcomes. We identify these effects by exploiting exogenous variation in municipal bond ratings due to Moody’s recalibration of its scale in 2010. We find that incumbent politicians in upgraded municipalities experience an increase in their likelihood of reelection and their vote shares. These rating upgrades improve voters’ opinions about the incumbent and produce positive wealth effects through voters’ holdings of local municipal bonds. In addition, rating upgrades cause an expansion of local governments’ debt capacity that allows the incumbent to increase spending and improve local economic conditions.

Front Box Of Flash Cards, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

Shaikh, A. (2019, October 1). Money notes: Isabella proposal defense [Folder cover].

Shaikh, A. (1997, January 12). Growth and endogenous money supply [Unpublished handwritten notes].

Shaikh, A. (1992, May 12). Internal finance & cons. demand [Unpublished handwritten notes].

Shaikh, A. (1996, October 4). The meaning of the money market [Unpublished handwritten notes].

Shaikh, A. (1996, March 28). Bank credit and multiplier rounds [Unpublished handwritten notes].

Shaikh, A. (n.d.). Commercial bank assets and liabilities: Data tables with annotations [Data tables with handwritten annotations].

Shaikh, A. (1997, February 27). A note on the money stock [Unpublished manuscript].

Shaikh, A. …

Loose Wage Share Note, Anwar Shaikh Phd

Archives of Anwar Shaikh

No abstract provided.

Science, Philosophy, And Magic, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). [Handwritten folder label identifying contents as "Science, magic + philosophy"; folder tab notation: "Science, magic + philosophy"]. Unpublished manuscript note. New School for Social Research.
• Shaikh, A. (2019, November 23). RE: Readings for the seminar [Email with attachments: Review of Mama's Last Hug.docx; Sleights of Mind.pdf; sent to Clara Mattei at [email protected]; body text comprises five seminar discussion questions on the philosophy and methodology of science, the nature of economics as a science, the relationship between biology and science, and the relationship between stage magic and scientific principles; with handwritten annotations regarding …

Maxent Discussion, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Folder Cover Label
  Shaikh, A. (2019). Maxent approach discussion. Department of Economics, New School for Social Research.This item is a label on a cream folder. It marks papers about math and economics.
• Seminar Handout Notes
  Dos Santos, P. (2019, February 12). Integrating microscopic to macroscopic economic configurations. Adam Smith Business School, University of Glasgow.This item is a sheet of university paper. It has handwriting by Dr. Anwar Shaikh. It looks at system structures.
• Department Seminar Notes
  Shaikh, A. (2019, February 12). Department seminar notes on Paulo Dos Santos: Maxent. Department of Economics, New School …

Teoria Da Crise E A Queda Da Taxa De Lucro, David Harvey

Publications and Research

Abstract:

David Harvey’s article argues against the importance given to the law of the tendency of the rate of profit to fall (TRPF), suggest­ing that Marx derived the « law » under « draconian » assumptions and that Engels was far more enthusiastic about it than Marx, who never went back to the theory later in his life despite its evident incompleteness. Therefore, he argues, we should not take his the­oretical conclusions too far. In his view, Marx perceived crises as momentary and violent eruptions that resolve the existing contra­dictions which can be considered as opportunities of capitalist re­construction rather …

Investment Treaties, Investor-State Dispute Settlement, And Inequality: How International Investment Treaties Exacerbate Domestic Disparities, Lise Johnson, Lisa E. Sachs

Columbia Center on Sustainable Investment Staff Publications

Over roughly the past four decades, government officials from around the world have been erecting a framework of economic governance with major – but under-appreciated – implications for intra-national inequality. The components of this framework are thousands of bilateral and multilateral treaties designed to protect international investment. In many jurisdictions, the treaties have been concluded without public awareness or scrutiny or even much discussion or analysis by government officials – including those officials responsible for negotiating the agreements(Poulsen 2015) – and without an adequate understanding of how these agreements could affect intra-national inequality. Long imperceptible, the size and power of …