Atlantic Economic Journal articles from March 1994

Atlantic Economic Journal archives from March 1994

Total capital and economic growth. (20th Anniversary Issue)
March 1, 1994... I. Introduction Capital, or wealth, may be defined broadly as income and/or output producing capacity. It is gross saving out of income that makes possible the gross investment portion of gross domestic product (GDP). Gross investment offsets...

The Atlantic Economic Society on its twentieth anniversary. (20th Anniversary Issue)
March 1, 1994... Twenty years ago, John Virgo established the Atlantic Economic Society to provide another forum within which those interested in issues related to economics could gather and exchange ideas. For the past 19 years, the offices of the Society have...

Five recent economic revolutions. (20th Anniversary Issue)
March 1, 1994... We live in an age of revolutions. Any industry, indeed any field of human endeavor that hasn't undergone a revolution, is simply unfashionable. To make this point by example, let me refer to a personal experience. Recently I had some carpeting...

Updating an old question: prices and quantities. (20th Anniversary Issue)
March 1, 1994... I. Introduction In his recent evaluation of John Hicks's contribution to economic theory, Frank Hahn [1990, p. 543]--though considering Value and Capital a "masterpiece" which "had and has the marks of a true classic"--writes that "Hicks did...

Problems with modern economics. (20th Anniversary Issue)
March 1, 1994... I am going to discuss my problems with modern economics. That means modern economics in the last two or three decades, and its contrast with economics of a somewhat earlier era. I want to focus mainly on macroeconomic theory and econometrics, but...

Why not chock-full employment? (20th Anniversary Issue)
March 1, 1994... Rather than talk about developments in pure theory, I would like to stress certain changes in the characteristics of mature industrial economies that require new thinking in terms of Keynesian models. The last time we had in peace time, what I...

An introduction to the Clinton health plan. (20th Anniversary Issue)
March 1, 1994... For four months, I have been trying to find a distinguished health economist to defend the Clinton health plan, I must now acknowledge, without success. I did finally have an agreement with Ken Thorp, who is the senior health economist in the...

The Clinton health reform. (20th Anniversary Issue)
March 1, 1994... When I heard about the Clinton plan, watched some of the testimony, and heard people talk about it, as an economist I felt a little bit cheated. We economists actually are kind of strange; we seem to take pleasure in telling people there are...

Clinton health plan: promises broken? (20th Anniversary Issue)
March 1, 1994... I. Distorting the National Incentive System A number of large corporations have been unsuccessful competitors in recent years, chief among them is the auto industry. Unless failing firms reduce surplus capacity, corporate raiders will reduce it...

Clintonomics: introductory comments. (20th Anniversary Issue)
March 1, 1994... We are privileged this afternoon to have three distinguished economists to talk about the first year of the Clinton economic program. The Clinton program is the most ambitious, expansive economic program in the last 12 years. At least according...

Thoughts about Clintonomics. (20th Anniversary Issue)
March 1, 1994... I am going to approach this subject as a card-carrying Democrat. Once, having been embarrassed at the Mexican border without appropriate identification, I learned that a suitable document would have been a voter registration card. Ever since that...

Clintonomics: the first year. (20th Anniversary Issue )
March 1, 1994... I. Introduction In assessing Clinton economics after almost a year, the most important thing to do first is to define the term. On the basis both of the Putting People First document of the campaign and the rhetoric and actions during the...

Clintonomics: concluding comments. (20th Anniversary Issue)
March 1, 1994... We have an opportunity now for a discussion, first among the panelists and then with the audience, on the Clinton plan. Let me interject some stray views on this matter; my own view of some of the more important things Clinton has done that have...