Business Economics articles from January 1989

Business Economics archives from January 1989

The Adam Smith lecture: on the structure of an economy: a re-emphasis of some classical foundations.
January 1, 1989... Economic choices are made by many buyers and sellers as they participate in many markets for many goods and services. "The Economy" is best described by the structure (the rules) within which these market choices take place. Efforts to reform...

NABE presidential address: property rights in a global economy. (National Association of Business Economists)
January 1, 1989... As business economists, we recognize the ability of free markets to raise living standards and limit the scope of government intrusion into economic affairs, but we have given less recognition to the source of that power - privately owned and...

A reply to George Stigler: evaluating government policy. (includes rejoinder from George Stigler)
January 1, 1989... MY REMARKS TONIGHT were provoked by reading another Adam Smith lecture, one presented by George Stigler to the National Association of Business Economists in New Orleans in October 1987.(1) As is usually the case, Stigler's lecture was pointed,...

Economic liberties and the Constitution.
January 1, 1989... The author distinguishes between economic liberties involved in the production and distribution of goods and services and economic liberties relating to the ownership and use of tangible property. The original framers of the Constitution...

Changing U.S.-Japan economic relationships and international payments imbalances.
January 1, 1989... The economic relations between Japan and the U.S. have changed subtantially. Japan is now the world's largest creditor nation, while the U.S. is the largest debtor. The U.S. still has the largest GNP in the world, with Japan second, but Japan's...

Understanding real income trends: an analysis of conflicting signals.
January 1, 1989... THE STATISTICAL AGENCIES in the nation's capital churn out millions of numbers each year about a variety of subjects. The purpose of these statistics is to inform us and help us make better decisions about the way we live and run our...

Home equity loans and the business cycle.
January 1, 1989... Although consumer debt is at an all-time end, it will not necessarily act as restriction on future economic growth; factors such as demographics, convenience use of credit cards, deregulation of the financial services industry, and a new avenue...

The business economist at work: the Port of Seattle.
January 1, 1989... THE PORT OF Seattle is a municipal corporation that operates Sea-Tac International Airport and certain marine facilities in the Seattle Harbor. Sea-Tac International Airport is one of the twenty largest airports in the United States and is the...

The statistics corner.
January 1, 1989... The National Chamber Foundation of the U.S. Chamber of Commerce recently convened a task group to discuss needed improvements in federal economic statistics. The Task Group was chaired by Martin Lefkowitz, who provided this month's guest...

The PC corner: desktop publishing is for economists.
January 1, 1989... I normally do not have back-to-back guest columnists, but I am making an exception this quarter. At the recent NABE annual meeting in Pittsburgh, I saw a demonstration of desktop publishing that really opened my eyes to the potential of this...

Economic Growth in the Third World, An Introduction.
January 1, 1989... THIS BOOK OFFERS a useful map through the maze of literature on the economic growth experiences in the so-called third world, a term the author rejects in the light of his findings about the diversity of the development process. Professor...

The Blackwell Guide to Wall Street.
January 1, 1989... BUSINESS GUIDES are like road maps. They give you the definitions of the financial instruments, the regulations affecting them, and all come in alphabetic order. Handbooks are different. They rarely resist the encyclopedic temptation, and,...

Unsportsmanlike Conduct: The National Collegiate Athletic Association and the Business of College Football.
January 1, 1989... UNSPORTSMANLIKE CONDUCT is a rather mild title for this penetrating indictment of the National College Athletic Association (NCAA). Focusing primarily on football, the most important college sport, this study traces the history of the NCAA from...