Introduction to Frank A. Fetter's Capital, Interest, and Rent
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BIS Working Papers No 136 the Price Level, Relative Prices and Economic Stability: Aspects of the Interwar Debate by David Laidler* Monetary and Economic Department
BIS Working Papers No 136 The price level, relative prices and economic stability: aspects of the interwar debate by David Laidler* Monetary and Economic Department September 2003 * University of Western Ontario Abstract Recent financial instability has called into question the sufficiency of low inflation as a goal for monetary policy. This paper discusses interwar literature bearing on this question. It begins with theories of the cycle based on the quantity theory, and their policy prescription of price stability supported by lender of last resort activities in the event of crises, arguing that their neglect of fluctuations in investment was a weakness. Other approaches are then taken up, particularly Austrian theory, which stressed the banking system’s capacity to generate relative price distortions and forced saving. This theory was discredited by its association with nihilistic policy prescriptions during the Great Depression. Nevertheless, its core insights were worthwhile, and also played an important part in Robertson’s more eclectic account of the cycle. The latter, however, yielded activist policy prescriptions of a sort that were discredited in the postwar period. Whether these now need re-examination, or whether a low-inflation regime, in which the authorities stand ready to resort to vigorous monetary expansion in the aftermath of asset market problems, is adequate to maintain economic stability is still an open question. BIS Working Papers are written by members of the Monetary and Economic Department of the Bank for International Settlements, and from time to time by other economists, and are published by the Bank. The views expressed in them are those of their authors and not necessarily the views of the BIS. -
Fritz Machlup's Construction of a Synthetic Concept
The Knowledge Economy: Fritz Machlup’s Construction of a Synthetic Concept Benoît Godin 385 rue Sherbrooke Est Montreal, Quebec Canada H2X 1E3 [email protected] Project on the History and Sociology of S&T Statistics Working Paper No. 37 2008 Previous Papers in the Series: 1. B. Godin, Outlines for a History of Science Measurement. 2. B. Godin, The Measure of Science and the Construction of a Statistical Territory: The Case of the National Capital Region (NCR). 3. B. Godin, Measuring Science: Is There Basic Research Without Statistics? 4. B. Godin, Neglected Scientific Activities: The (Non) Measurement of Related Scientific Activities. 5. H. Stead, The Development of S&T Statistics in Canada: An Informal Account. 6. B. Godin, The Disappearance of Statistics on Basic Research in Canada: A Note. 7. B. Godin, Defining R&D: Is Research Always Systematic? 8. B. Godin, The Emergence of Science and Technology Indicators: Why Did Governments Supplement Statistics With Indicators? 9. B. Godin, The Number Makers: A Short History of Official Science and Technology Statistics. 10. B. Godin, Metadata: How Footnotes Make for Doubtful Numbers. 11. B. Godin, Innovation and Tradition: The Historical Contingency of R&D Statistical Classifications. 12. B. Godin, Taking Demand Seriously: OECD and the Role of Users in Science and Technology Statistics. 13. B. Godin, What’s So Difficult About International Statistics? UNESCO and the Measurement of Scientific and Technological Activities. 14. B. Godin, Measuring Output: When Economics Drives Science and Technology Measurements. 15. B. Godin, Highly Qualified Personnel: Should We Really Believe in Shortages? 16. B. Godin, The Rise of Innovation Surveys: Measuring a Fuzzy Concept. -
Intellectual Property and the Development Divide
Seattle University School of Law Digital Commons Faculty Scholarship 1-1-2006 Intellectual Property and the Development Divide Margaret Chon Follow this and additional works at: https://digitalcommons.law.seattleu.edu/faculty Part of the Intellectual Property Law Commons Recommended Citation Margaret Chon, Intellectual Property and the Development Divide, 27 CARDOZO L. REV. 2821 (2006). https://digitalcommons.law.seattleu.edu/faculty/558 This Article is brought to you for free and open access by Seattle University School of Law Digital Commons. It has been accepted for inclusion in Faculty Scholarship by an authorized administrator of Seattle University School of Law Digital Commons. For more information, please contact [email protected]. INTELLECTUAL PROPERTY AND THE DEVELOPMENT DIVIDE Margaret Chon* "The ends and means of development require examination and scrutiny for a fuller understanding of the development process; it is simply not adequate to take as our basic objective just the maximization of income or wealth, which is, as Aristotle noted, 'merely useful and for the sake of something else.' For the same reason, economic growth cannot sensibly be treated as an end in itself. Development has to be more concerned with enhancing the lives we lead and the freedoms we enjoy." -Amartya Sen, Development as Freedom' " * Professor and Dean's Distinguished Scholar, Seattle University School of Law. This Article was incubated in various venues, including the Pacific Intellectual Property Scholars (PIPS) Conference (2003 and 2005), the -
How Far Is Vienna from Chicago? an Essay on the Methodology of Two Schools of Dogmatic Liberalism
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Paqué, Karl-Heinz Working Paper — Digitized Version How far is Vienna from Chicago? An essay on the methodology of two schools of dogmatic liberalism Kiel Working Paper, No. 209 Provided in Cooperation with: Kiel Institute for the World Economy (IfW) Suggested Citation: Paqué, Karl-Heinz (1984) : How far is Vienna from Chicago? An essay on the methodology of two schools of dogmatic liberalism, Kiel Working Paper, No. 209, Kiel Institute of World Economics (IfW), Kiel This Version is available at: http://hdl.handle.net/10419/46781 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu Kieler Arbeitspapiere Kiel Working Papers Working Paper No. -
Evaluating the Relevance of Critical Schools of Law and Economics for the Equality Rights of Workers with Disabilities in Canada and the United States
Law and Economics and Equality Rights of Workers with Disabilities 935 Evaluating the Relevance of Critical Schools of Law and Economics for the Equality Rights of Workers with Disabilities in Canada and the United States Ravi A. Malhotra' This article examines the contributions ofmodern Hans eel article. I 'auteur examine les contributions schools oflaw and economics to the equality rights of des e'coles de droit el dc commerce modernes aux workers with disabilities. While neo-classical law and droits d'e'galite des Iravailleurs souffrant d'invalidile. economics generally advocates the supremacy offree Alors que le droit el I'economic neo-classiques markets to operate without government interference defendent habituellemenl la suprematie du marche and legal regulation, many ofthe newer schools oflaw libre pour fonclionner sans ingerence du and economics offer highly creative solutions and gouvernement ni re'gleinentation juridique, un grand dynamic approaches that may offer real hope to people nombre d 'e'coles de droit el de commerce plus recentes with disabilities. The merits and weaknesses of the proposenl des solutions Ires cre'alives el des approches theories oflhese modern schools are discussed in light dymimiques pouvant offrir un veritable espoir aux of the social model of disability. The schools are personnes sauffrant d'invalidite. Les merites el les examinedby drawing on examplesfrom Canadian and lacunes des theories de ces e'coles modernes font American jurisprudence. Specifically, the extent to I"ohjeld'ime discussion a la lumiere dtt modelesocial which the schools provide robust explanations for d'invalidite. I.es e'coles sonl examinees au moyen labour market policy is explored. -
Gottfried Haberler: a Century Appreciation*
__________________________________________________________________________________________________ Gottfried Haberler: A Century Appreciation* Richard M. Ebeling* _____________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ _____________________________________________________________________________ During the first week of July in 1936, an inter- work. Indeed, "Haberler-like methods" became a national conference on the "Problems of Economic catch phrase of the entire conference.1 Change" was held in Annecy, France. It brought Haberler had spent two years carefully together such notable economists as Ludwig von researching and consulting on the various Mises, Wilhelm Ropke, Oskar Morgenstern, Bertil competing theories -
03 Black 1749.Indd
BOB BLACK Robert Denis Collison Black 1922–2008 Early years ROBERT DENIS COLLISON BLACK, Bob Black to an international circle of friends, was born 11 June 1922 at Morehampton Terrace, Dublin.1 His father, William Robert Black, was company secretary for a small group of companies in the grain trade.2 His mother was Rosa Anna Mary, née Reid. Dublin at the time of Black’s birth was experiencing considerable disturbance, though he rarely alluded to this.3 Black was educated at Sandford Park School, Dublin. However he became disenchanted with the school4 and contrived, astonishingly, to enter Trinity College, Dublin at the age of 15. Even more remarkably, he seems to have managed perfectly well as a 15-year old amongst much older students. He managed to complete two undergraduate degree courses. He enrolled for a commerce degree, but Trinity at that time required those 1 The family moved to Waltham Terrace when Black was fi ve. Bob Black gave a long and detailed interview to Antoin Murphy and Renee Prendergast which was published in his Festschrift. See A. Murphy and R. Prendergast (eds.), Contributions to the History of Economic Thought. Essays in Honour of R. D. C. Black (London, 2000), p. 3. 2 Black gave another interview which is recorded in K. Tribe, Economic Careers. Economics and Economists in Britain 1930–1970 (London, 1997). See Tribe, p. 96, for the occupation of Black’s father. The latter was a considerable expert in his fi eld. I can remember Black telling me how he could sniff a handful of grain and detect its origin. -
Toward a History of Management Thought
Toward a History of Management Thought Charles Howell SyracuseUniversity The historyof managementthought suffers from a constricteddefinition of its subject.Constituent fields (marketing) and cognate fields (economics and law) areoften neglected in studiesof the subject.The term"thought" tends to be equated to knowledge,and thus given a positivistcast, or describedin instrumentalterms andthereby reduced to a generalizedform of practice.The historyof management thought,in short,invites more expansive treatment than it hashitherto received. Thispaper explores the potential benefits of an enlargeddefinition. The paperfocuses on two economists,Edwin Gay of Harvardand Richard Ely of the University of Wisconsin,who influencedthe developmentof managementthought, and whosecareers illuminate aspects of it that havebeen neglectedin previoushistories. Both are associated with institutionsthat promoted scholarship,education, and public discourse about business and its socialfunction-- institutionswhose role in shapingmanagement thought has received little attention. Both showeda keeninterest in the role of the statein economiclife. Their advocacy of regulatoryand fiscal policies suggests that ideas about techniques of managing grewup alongsideideas about political and social life, andthat in any satisfactory accountof managementthought these two strandsmust be interwoven.Both played a role in the professionalizationof economicsin the early twentiethcentury: their contributionto managementthought highlights interconnections between the two fieldsthat -
El Darwinismo Social Recurrente O La Propuesta De Esterilizar a Las Personas Desempleadas
El darwinismo social recurrente o la propuesta de esterilizar a las personas desempleadas Daniel Raventós 21/01/2018 Un amigo me envía una nota periodística sobre las declaraciones de un diputado conservador del Reino Unido en las que propone esterilizar a los desempleados para que dejen de cobrar ayudas por hijos. El tipo, un tal Ben Bradley, asegura que “Hay cientos de familias en el Reino Unido que ganan más de 60.000 libras en beneficios sin mover un dedo porque tienen tantos hijos (¡y para el resto de nosotros ese es un salario de más de 90.000 libras antes de impuestos!)”. Este simpático pimpollo tiene solamente 28 años. Parece algo horrible y desvergonzado. Pero hay precedentes espectaculares mucho más sonados. La nota enviada por mi amigo me recordó un artículo escrito para Sin Permiso hace casi 8 años al que voy a desempolvar un poco. Situémonos en los años 30 del siglo pasado. Se discutía por entonces en EEUU la conveniencia del subsidio de desempleo. Se acabó implantando en el año 1935, bajo la presidencia de Franklin D. Roosevelt, este subsidio. Hubo grandes debates, antes y después de promulgada la ley, entre políticos, economistas, intelectuales, periodistas y población en general. No ha pasado ni un siglo entero, pero se emitían declaraciones del siguiente tono sobre lo que supondría este subsidio: “La dominación definitiva del socialismo sobre la vida y la industria” (Asociación Nacional de Fabricantes); “Destruirá la iniciativa, desalentando el ahorro y ahogando la responsabilidad individual” (James L. Donnelly, de la Asociación de Fabricantes de Illinois); “En un momento u otro, traerá consigo, ineluctablemente, el final del capitalismo privado” (Charles Denby, Jr., de la Asociación Americana de Abogados). -
Nine Lives of Neoliberalism
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Plehwe, Dieter (Ed.); Slobodian, Quinn (Ed.); Mirowski, Philip (Ed.) Book — Published Version Nine Lives of Neoliberalism Provided in Cooperation with: WZB Berlin Social Science Center Suggested Citation: Plehwe, Dieter (Ed.); Slobodian, Quinn (Ed.); Mirowski, Philip (Ed.) (2020) : Nine Lives of Neoliberalism, ISBN 978-1-78873-255-0, Verso, London, New York, NY, https://www.versobooks.com/books/3075-nine-lives-of-neoliberalism This Version is available at: http://hdl.handle.net/10419/215796 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative -
Imperialism, Racism, and Fear of Democracy in Richard Ely's Progressivism
The Rot at the Heart of American Progressivism: Imperialism, Racism, and Fear of Democracy in Richard Ely's Progressivism Gerald Friedman Department of Economics University of Massachusetts at Amherst November 8, 2015 This is a sketch of my long overdue intellectual biography of Richard Ely. It has been way too long in the making and I have accumulated many more debts than I can acknowledge here. In particular, I am grateful to Katherine Auspitz, James Boyce, Bruce Laurie, Tami Ohler, and Jean-Christian Vinel, and seminar participants at Bard, Paris IV, Paris VII, and the Five College Social History Workshop. I am grateful for research assistance from Daniel McDonald. James Boyce suggested that if I really wanted to write this book then I would have done it already. And Debbie Jacobson encouraged me to prioritize so that I could get it done. 1 The Ely problem and the problem of American progressivism The problem of American Exceptionalism arose in the puzzle of the American progressive movement.1 In the wake of the Revolution, Civil War, Emancipation, and radical Reconstruction, no one would have characterized the United States as a conservative polity. The new Republican party took the United States through bloody war to establish a national government that distributed property to settlers, established a national fiat currency and banking system, a progressive income tax, extensive program of internal improvements and nationally- funded education, and enacted constitutional amendments establishing national citizenship and voting rights for all men, and the uncompensated emancipation of the slave with the abolition of a social system that had dominated a large part of the country.2 Nor were they done. -
Front Metter, the American Business Cycle. Continuity and Change
This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: The American Business Cycle: Continuity and Change Volume Author/Editor: Robert J. Gordon, ed. Volume Publisher: University of Chicago Press Volume ISBN: 0-226-30452-3 Volume URL: http://www.nber.org/books/gord86-1 Publication Date: 1986 Chapter Title: Front metter, The American Business Cycle. Continuity and Change Chapter Author: Robert J. Gordon Chapter URL: http://www.nber.org/chapters/c10016 Chapter pages in book: (p. -15 - 0) The American Business Cycle Studies in Business Cycles Volume 25 National Bureau of Economic Research Conference on Research in Business Cycles The American Business Cycle Continuity and Change Edited by Robert J. Gordon The University of Chicago l?ress Chicago and London The University of Chicago Press, Chicago 60637 The University of Chicago Press, Ltd., London © 1986 by The National Bureau of Economic Research All rights reserved. Published 1986 Paperback edition 1990 Printed in the United States of America 99 98 97 96 95 94 93 92 91 90 5 4 3 2 Library of Congress Cataloging in Publication Data Main entry under title: The American business cycle. Includes bibliographies and index. 1. Business cycles-United States-Addresses, essays, lectures. I. Gordon, Robert J. (Robert James), 1940- HB3743.A47 1986 338.5'42'0973 85-29026 ISBN 0.. 226-30452-3 (cloth) ISBN 0-226-30453-1 (paper) National Bureau of Economic Research Officers Franklin A. Lindsay, chairman Geoffrey Carliner, executive director Richard Rosett, vice-chairman Charles A. Walworth, treasurer Martin Feldstein, president Sam Parkt~r, director offinance and administration Directors at Large Moses Abramovitz Walter W.