Atlantic Economic Journal articles from December 1990

Atlantic Economic Journal archives from December 1990

Revolutions and counterrevolutions in monetary economics: Keynes, Keynesians, and New Classicists.
December 1, 1990... Revolutions and Counterrevolutions in Monetary Economics: Keynes, Keynesians, and New Classicists The revolutionary character of Keynes' General Theory continues to be actively debated in the literature. In a recent article in this Journal,...

The cyclical behavior of profits and labor income in the natural rate hypothesis.
December 1, 1990... The Cyclical Behavior of Profits and Labor Income in the Natural Rate Hypothesis I. Introduction The Natural Rate Hypothesis (NRH) as developed by Milton Friedman provides an approach to predicting the cyclical response of prices,...

Growth, resource extraction and production in a small open economy.
December 1, 1990... Growth, Resource Extraction and Production in a Small Open Economy I. Introduction One of the distinguishing features of exhaustible resources is the uneven distribution of their stocks among nations. Due to this fact, international...

Monopoly supply.
December 1, 1990... Monopoly Supply I. Introduction Conventional economic theory takes the position that the supply curve construct is only applicable to the purely competitive firm, being neither meaningful nor relevant in a monopoly context. A...

The new economics and American economists in the 1930s reconsidered.
December 1, 1990... The New Economics and American Economists in the 1930s Reconsidered Introduction J. Ronnie Davis [1968 1971] has argued that many American economists were in favor of countercyclical fiscal policy in the 1930s before the publication...

U.S. industry pricing and rational expectations.
December 1, 1990... U. S. Industry Pricing and Rational Expectations I. Introduction This paper examines price determination by industries, when firms use rational expectations in setting their prices. It assesses the support for the new classical...

Low price conspiracy: trade regulation and the case of Japanese electronics.
December 1, 1990... Low Price Conspiracy: Trade Regulation and the Case of Japanese Electronics Low price conspiracy, a form of predation in which several firms conspire, is of increasing concern. It was alleged in the Japanese Electronics case on which the...

Effects of layoffs on wage growth: the role of timing and tenure.
December 1, 1990... Effects of Layoffs on Wage Growth: The Role of Timing and Tenure I. Introduction Two important dimensions of the effect of layoffs of individuals (1), the length of time necessary to recover from them, and the influence of the...

A useful class of mean-standard deviation indifference curves. (Anthology)
December 1, 1990... A Useful Class of Mean-Standard Deviation Indifference Curves Since Tobin's classic paper [REStud, February 1958] there has been considerable interest in the mean-standard deviation (MS) approach to choice among risks. Mayshar [REStud,...

The bird-in-the-hand argument revisited. (belief that dividends are cash in the hand and thus safer than capital gains)(Anthology)
December 1, 1990... The Bird-in-the-Hand Argument Revisited It was popular belief in the 1950s that stockholders preferred dividends to capital gains and that stocks with greater dividend payout ratios thus commanded higher prices [Myron Gordon, Review of...

A comparative evaluation of rival price change models. (Anthology)
December 1, 1990... A Comparative Evaluation of Rival Price Change Models Industrial Organization theory advances three competing hypotheses about the determinants of manufactured goods prices, namely, the excess demand (ED), actual unit cost (AC), and the...

A simple demand function for higher education. (Anthology)
December 1, 1990... A Simple Demand Function for Higher Education Because of the shrinking pool of high school graduates and college-age students, there are renewed interests in college enrollment projections. Based on a proposition of human capital theory that...