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Working Paper No. 13The Effects of Worker Participation, Employee Ownership, and Profit Sharing on Economic Performance
November 10, 1988 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 Publication -
Working Paper No. 12
The Real Wage and the Marginal Product of Labor
November 01, 1988 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 Publication -
Working Paper No. 11
Ranking Urban Areas
October 09, 1988 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 Publication -
Working Paper No. 10
Long-Term Trends in Profitability
October 02, 1988 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 Publication -
Working Paper No. 9
Consumer Benefit from Air Quality Improvements
October 02, 1988 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. Publication -
Working Paper No. 8
The Effects of Alternative Sharing Arrangements on Employment
September 10, 1988 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 Publication -
Working Paper No. 7
Why Is the Rate of Profit Still Falling?
September 09, 1988 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 Publication -
Working Paper No. 6
A Structural Approach to Hedonic Equilibrium Models
August 10, 1988 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 Publication -
Working Paper No. 5
The Finance Constraint Theory of Money
August 09, 1988 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 Publication -
Working Paper No. 4
Housing Quality Differentials in Urban Areas
July 10, 1988 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 Publication -
Working Paper No. 3
Competing Micro Economic Theories of Industrial Profits
March 10, 1988 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 Publication -
Working Paper No. 2
The Firm and Its Profits
March 09, 1988 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 Publication -
Working Paper No. 1
Macroeconomic Profitability
November 10, 1987 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 Publication -
Event16th Annual Hyman P. Minsky Conference: Global Imbalances Prospects for the U.S. and World Economies
Levy Economics Institute of Bard College Annandale-on-Hudson, New York April 19–20, 2007 The 2007 Hyman P. Minsky Conference drew upon public discussions on the United States and world economies in...more Event -
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The Hyman P. Minsky Summer Seminar
Organized by the Levy Economics Institute of Bard College with support from the Ford Foundation Levy Institute Blithewood Annandale-on-Hudson, New York June 18–26, 2011 The Levy Economics Institute...more Event -
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Minsky: Global Financial Fragility and the Development of Capitalist Finance,Tianjin, China
A conference organized by the Levy Economics Institute of Bard College, The Institute of Economics of Nankai University (NKIE), and The Center for Political Economics Studies of Nankai University Tianjin,...more Event -
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The Eurozone Crisis, Greece, and the Experience of Austerity,Athens, Greece
Organized by the Levy Economics Institute of Bard College with support from the Ford Foundation November 8–9, 2013 Megaron Athens International Conference Centre This conference was organized as part of...more Event -
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Jan A. Kregel Festschrift Conference
Blithewood Annandale-on-Hudson, New York October 23, 2014 Jan A. Kregel’s multifaceted research agenda has included macroeconomic theory and policy, methodology, growth and capital theory, unemployment, development and trade, uncertainty, formulation...more Event -
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The Hyman P. Minsky Summer Seminar
Organized by the Levy Economics Institute of Bard College with support from the Ford Foundation Levy Institute Blithewood Annandale-on-Hudson, New York June 10–18, 2016 The seventh Minsky Summer...more Event -
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The Hyman P. Minsky Summer Seminar
Levy Economics Institute of Bard College Blithewood Annandale-on-Hudson, N.Y. June 17–23, 2018 The Levy Economics Institute of Bard College hosted the ninth Minsky Summer Seminar from June 17–23, 2018. The...more Event -
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Intensive Course in Gender-Sensitive Macroeconomic Modeling for Policy Analysis
July 8–14, 2020 Blithewood Annandale-on-Hudson, NY Update, April 21, 2020 We regret to inform the applicants that we have decided to postpone the course until July 2021. We are forced...more Event -
Event30th Annual Levy Economics Institute Conference
The 30th Annual Levy Economics Institute Conference was a one-day, virtual event organized around the topics of climate change and fiscal/monetary policy, inflation, unemployment and job creation, and the US macroeconomic...more Event -
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Critiquing from the Margins: Examining the Power of Black Girls™ Critiques of Class-Based Disparities in Schools
Join us for our fourth session with Jomaira Salas Pujols, Assistant Professor of Sociology at Bard College, on Thursday, March 28, from 5pm to 6pm in the Levy Conference Room, or on...more Event -
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17th Annual Hyman P. Minsky Conference: Credit, Markets, and the Real Economy Is the Financial System Working?
Levy Economics Institute of Bard College Annandale-on-Hudson, New York April 17–18, 2008 The focus of this year’s conference was the current economic and financial crisis in the United States and...more Event