Publications

1699 publications found

• Working Paper No. 19
  March 10, 1989

  A Dynamic Approach to the Theory of Effective Demand

  Anwar M. Shaikh
  Abstract

  This paper attempts to resituate the theory of effective demand within a dynamic nonequilibrium context. Existing theories of effective demand, which derive from the works of Keynes and Kalecki, are…more

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• Working Paper No. 18
  March 08, 1989

  Profitability and the Time-varying Liquidity Premium in the Term Structure of Interest Rates

  Tracy Mott and David Zen
  Abstract

  There have been numerous empirical studies of the term structure. Broadly, the evidence may be said to be consistent with some influence from expectations plus the existence of a liquidity…more

• Working Paper No. 17
  February 01, 1989

  Social Progress after the Age of Progressivism

  David Kettler and Volker Meja
  Abstract

  This essay is about trade unions, an institution that arose to play an important part in relation to the social progress characterizing much of the present century and that served…more

• Working Paper No. 16
  January 10, 1989

  Unionization and Labour Regimes

  Christopher Huxley, David Kettler, and James Struthers
  Abstract

  No further information available.

• Working Paper No. 15
  January 01, 1989

  The Financially Fragile Firm

  Dorene L. Isenberg
  Abstract

  This paper is an empirical investigation of Minsky’s hypothesis in the U.S. consumer durables sector during the 1920s. The first section of the paper briefly describes Minsky’s financial fragility hypothesis,…more

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• Working Paper No. 14
  December 01, 1988

  Classical and Neoclassical Elements in Industrial Organization

  Mark Glick and Eduardo M. Ochoa
  Abstract

  This article analyzes the theoretical foundations of industrial organization studies of monopolistic and competitive pricing. Our analysis will focus on the central debates of the 1950s, 1960s, and 1970s that…more

• Working Paper No. 13
  November 10, 1988

  The Effects of Worker Participation, Employee Ownership, and Profit Sharing on Economic Performance

  Derek C. Jones and Jeffrey Pliskin
  Abstract

  For alternative sharing arrangements we review theory on the economic effects on employment, productivity, investment, income and wealth distribution, and life cycle and survival. We find that predictions are often…more

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• Working Paper No. 12
  November 01, 1988

  The Real Wage and the Marginal Product of Labor

  Tracy Mott
  Abstract

  As I see it, the errors in Keynes’s analysis in chapter 2 of the General Theorv were his acceptance of diminishing returns in the short-period relation between output and labor…more

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• Working Paper No. 11
  October 09, 1988

  Ranking Urban Areas

  Dimitrios A. Giannias
  Abstract

  Rankings of urban areas provide useful information to planning recreational or tourism activities, making housing-locational decisions, and designing policies to attract industries. This paper illustrates how the structural approach to…more

• Working Paper No. 10
  October 02, 1988

  Long-Term Trends in Profitability

  Gerard Dumenil, Mark Glick, and Dominique Levy
  Abstract

  It is accepted doctrine among economists that the rate of profit in the United States has declined since the mid-1960s. What is less a matter of agreement is whether this…more

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• Working Paper No. 9
  October 02, 1988

  Consumer Benefit from Air Quality Improvements

  Dimitrios A. Giannias
  Abstract

  This paper applies a simultaneous equations estimation technique to estimate a hedonic equilibrium model. The estimation results are used to compute consumer benefit from air quality improvements.

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• Working Paper No. 8
  September 10, 1988

  The Effects of Alternative Sharing Arrangements on Employment

  Derek C. Jones and Jeffrey Pliskin
  Abstract

  A sample of British firms with diverse sharing arrangements is used to investigate the effects of profit sharing on employment levels. Employment effects are sometimes significant but depend upon the…more

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• Working Paper No. 7
  September 09, 1988

  Why Is the Rate of Profit Still Falling?

  Thomas R. Michl
  Abstract

  This paper elaborates a fixed-coefficient, capital, labor, non-raw material intermediates, raw materials production model; estimates the wage share-profit rate frontier associated with it for U.S. manufacturing from 1949 to 1986;…more

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• Working Paper No. 6
  August 10, 1988

  A Structural Approach to Hedonic Equilibrium Models

  Dimitrios A. Giannias
  Abstract

  This paper presents a quality theory for differentiated products. Analytical solutions for the equilibrium demand for quality and the equilibrium price equation are computed. The model is estimated and the…more

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• Working Paper No. 5
  August 09, 1988

  The Finance Constraint Theory of Money

  Meir Kohn
  Abstract

  The theory of money that emerged from the Keynesian Revolution is coming increasingly into question, and a variety of new theories are being put forward as alternatives. The most promising…more

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• Working Paper No. 4
  July 10, 1988

  Housing Quality Differentials in Urban Areas

  Dimitrios A. Giannias
  Abstract

  This paper applies an equilibrium quality theory for differentiated products to estimate the willingness to pay for improvements in the air quality of Chicago, Cleveland, Dallas, Houston, and Indianapolis. The…more

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• Working Paper No. 3
  March 10, 1988

  Competing Micro Economic Theories of Industrial Profits

  Mark Glick and Eduardo M. Ochoa
  Abstract

  Contrary to the impression given by most textbooks, microeconomics is not a homogeneous discipline. At least two major alternative theories exist which account for the long-run behavior of industrial prices…more

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• Working Paper No. 2
  March 09, 1988

  The Firm and Its Profits

  Nina Shapiro
  Abstract

  What sets the firm apart from other producers is the commercial nature of its operations. The firm produces for the market and only for the market. It produces goods and…more

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• Working Paper No. 1
  November 10, 1987

  Macroeconomic Profitability

  Thomas R. Michl
  Abstract

  This paper gives an account of recent work on the measurement, statistical analysis, and theoretical analysis of macroeconomic profitability. Measurement issues include the treatment of holding gains on physical assets…more

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