Publications

1711 publications found

• Working Paper No. 222
  January 01, 1998

  Money and Taxes

  L. Randall Wray
  Abstract

  Senior Scholar L. Randall Wray traces the development of the chartalist approach to money from Adam Smith, Georg Friedrich Knapp, and John Maynard Keynes to the later theorists, including Hyman…more

  Download Working Paper No. 222 PDF (2.53 MB)
• Policy Note No. 1
  January 01, 1998

  Welfare Graduates

  Thomas Karier
  Abstract

  Are the effects of college-level education on income and financial independence positive enough to make it worthwhile for states to extend support to qualified welfare recipients to enable them to…more

  Download Policy Note 1998/1 PDF (74.35 KB)
• Public Policy Brief No. 38
  December 11, 1997

  Who Pays for Disinflation?

  Willem Thorbecke
  Abstract

  Using theoretical predictions, econometric results, and the example of the Volcker disinflation, Willem Thorbecke establishes that through disinflation’s burden on the durable goods and construction industries, small firms, and low-wage…more

  Download Public Policy Brief No. 38, 1997 PDF (154.75 KB)
• Public Policy Brief No. 37
  December 10, 1997

  Investment in Innovation

  Mary O’Sullivan
  Abstract

  Since the 1970s corporate America has become obsessed with shedding employees to cut costs and with distributing revenue to stockholders. However, the way for it to regain its competitive edge…more

  Download Public Policy Brief No. 37, 1997 PDF (209.27 KB)
• Working Paper No. 221
  December 01, 1997

  Policy Innovation As a Discovery Procedure

  Mathew Forstater
  Abstract

  Economist Adolph Lowe’s instrumental analysis examines the process of policy formulation as a regressive procedure of discovery. Taking as given a predetermined desired end state, the task of an innovator…more

  Download Working Paper No. 221 PDF (1.52 MB)
• Working Paper No. 220
  December 01, 1997

  Employment Policy, Community Development, and the Underclass

  Dimitri B. Papadimitriou
  Abstract

  There has been widespread recognition of the existence of an “underclass” in American society, but no consensus on how to address the problem or even how to define it. The…more

  Download Working Paper No. 220 PDF (186.70 KB)
• Working Paper No. 219
  December 01, 1997

  Linking the Minimum Wage to Productivity

  Oren Levin-Waldman
  Abstract

  One of the principal problems with the minimum wage is that adjustments to it must be voted on by Congress. Although recent congressional action solves the immediate problem of restoring…more

  Download Working Paper No. 219 PDF (2.44 MB)
• Working Paper No. 218
  December 01, 1997

  Selective Use of Discretionary Public Employment and Economic Flexibility

  Mathew Forstater
  Abstract

  Flexibility is a desirable feature of an economic system. Structural rigidities can result in sluggish growth and inflationary pressures; many economic models, however, display considerable system flexibility because of the…more

  Download Working Paper No. 218 PDF (1.84 MB)
• Working Paper No. 217
  December 01, 1997

  The Economic Contributions of Hyman Minsky

  Dimitri B. Papadimitriou and Nina Shapiro
  Abstract

  Financial economist Hyman P. Minsky believed that because there are many types of capitalism determined by circumstances and an evolving set of institutional structures, an abstract economic theory could not…more

  Download Working Paper No. 217 PDF (3.44 MB)
• Working Paper No. 216
  November 01, 1997

  The Impact of Racial Segregation on the Education and Work Outcomes of Second-generation West Indians in New York City

  Mary C. Waters
  Abstract

  Mary C. Waters, a professor of sociology at Harvard University, examines one way in which race matters in the United States by studying black children of immigrants in New York…more

  Download Working Paper No. 216 PDF (2.90 MB)
• Working Paper No. 215
  November 01, 1997

  Achievement and Ambition among Children of Immigrants in Southern California

  Rubin Rumbaut
  Abstract

  The influx of immigrants to the United States after 1965 has reached levels not seen since the early part of the century. The ability of these recent immigrant groups and…more

  Download Working Paper No. 215 PDF (4.15 MB)
• Working Paper No. 214
  November 01, 1997

  The School-to-Work Transition of Second-generation Immigrants in Metropolitan New York

  Philip Kasinitz, Dae Young Kim, Nancy Lopez, John Mollenkopf, and Mary C. Waters
  Abstract

  Social scientists have only begun to study the experiences of the 15 million immigrants who have settled in the United States since 1965 and have learned even less about their…more

  Download Working Paper No. 214 PDF (2.29 MB)
• Working Paper No. 213
  November 01, 1997

  Government As Employer of Last Resort

  L. Randall Wray
  Abstract

  Since the Employment Act of 1946 a stated policy of the United States government has been to pursue simultaneously high employment and stable prices. However, because many economists and policymakers…more

  Download Working Paper No. 213 PDF (63.41 KB)
• Working Paper No. 212
  November 01, 1997

  An Efficiency Argument for the Guaranteed Income

  Michael A. Lewis and Karl Widerquist
  Abstract

  Authors Karl Widerquist and Michael A. Lewis use a “multischool” approach to poverty policy, asking the following question: Given the many proposed causes for poverty, and the conflicting theories about…more

  Download Working Paper No. 212 PDF (2.80 MB)
• Working Paper No. 211
  November 01, 1997

  Income Distribution, Macroeconomic Analysis, and Barriers to Full Employment

  Malcolm Sawyer
  Abstract

  The distribution of income is conspicuous by its absence from most mainstream macroeconomic analysis. Visiting Scholar Malcolm Sawyer, of the University of Leeds, makes an effort to remedy this situation…more

  Download Working Paper No. 211 PDF (1.40 MB)
• Working Paper No. 210
  November 01, 1997

  The Effects of Immigrants on African-American Earnings

  David R. Howell and Elizabeth J. Mueller
  Abstract

  The improvement in the relative economic status of African American workers in the 1960s and 1970s was reversed in the 1980s. During that decade immigration to the United States reached…more

  Download Working Paper No. 210 PDF (2.52 MB)
• Public Policy Brief No. 36
  October 09, 1997

  Dangerous Metaphor: The Fiction of the Labor Market

  James K. Galbraith
  Abstract

  The concept of a labor market, responding to familiar underpinnings of supply and demand, completely colors thought on the relationship between employment, wages, and inflation, according to James K. Galbraith….more

  Download Public Policy Brief No. 36, 1997 PDF (95.66 KB)
• Public Policy Brief No. 35
  October 08, 1997

  Reflecting the Changing Face of America

  Joel Perlmann
  Abstract

  On the United States’ census form, American citizens are told they may list any ethnic ancestries with which they identify, but are instructed to “mark one only” in the question…more

  Download Public Policy Brief No. 35, 1997 PDF (6.14 MB)
• Working Paper No. 209
  October 01, 1997

  Cumulative Regional Decline, Institutional Inadequacy, and the “Democratic Deficit”

  Andrew Paulson
• Working Paper No. 208
  October 01, 1997

  On Budget Deficits and Capital Expenditure

  Malcolm Sawyer
  Abstract

  No further information available.

  Download Working Paper No. 208 PDF (1.25 MB)
• Public Policy Brief No. 34
  September 07, 1997

  Safeguarding Social Security

  Walter M. Cadette
  Abstract

  The falling ratio of workers to retirees in the United States has raised concerns about Social Security’s ability to continue to provide a base level of support for all retired…more

  Download Public Policy Brief No. 34, 1997 PDF (263.80 KB)
• Public Policy Brief No. 33
  August 06, 1997

  Is There a Trade-Off between Unemployment and Inequality?

  Rebecca M. Blank
  Abstract

  Rebecca M. Blank considers how the flexibility of American labor markets and the regulation and redistribution policies of European labor markets may determine employers’ responses to worldwide economic transformations that…more

  Download Public Policy Brief No. 33, 1997 PDF (122.96 KB)
• Public Policy Brief No. 32
  August 05, 1997

  What’s Missing from the Capital Gains Debate?

  Kris Feder and Michael Hudson
  Abstract

  The recent enactment of a capital gains tax cut resulted, according to the authors, from the absence of a true appreciation or consideration of the real beneficiaries of such a…more

  Download Public Policy Brief No. 32, 1997 PDF (116.86 KB)
• Working Paper No. 205
  August 01, 1997

  Macroeconomics without Equilibrium or Disequilibrium

  Wynne Godley
  Abstract

  Distinguished Scholar Wynne Godley creates a numerical simulation model that attempts a synthesis between the monetary theory of Hicks and Kaldor, the asset allocation theory of James Tobin, and the…more

  Download Working Paper No. 205 PDF (574.11 KB)