Business Economics articles from January 1995

Business Economics archives from January 1995

The Adam Smith address: economic theory in a dynamic economic world.
January 1, 1995... FORMAL ECONOMIC theory has become increasingly mathematical, elegant, and precise. It also increasingly has failed to confront the economic problems of societies. Economics, in consequence, is slowly and painfully moving away from the formal...

Presidential address: small business and the U.S. economy. (National Association of Business Economists president) (Transcript)
January 1, 1995... OVER TWENTY years ago, I was given the opportunity to start a research program and begin the creation of a data base that encompassed roughly half of the U.S. economy, an opportunity that no applied economist could have resisted. As luck would...

Economics of my times and yours.
January 1, 1995... I WOULD LIKE to give a thumbnail sketch of what has happened to policy economics during my lifetime as an economist and what I think is the present situation. I entered economics near the beginning of what has been called "The Age of the...

Trends in investment and tax policy: time for a change?
January 1, 1995... INVESTMENT SPENDING in the United States in recent years compares unfavorably with that of other nations and with our own past experience. From 1973 to 1991, gross nonresidential investment as a percent of GDP was lower for the United States than...

Investment, services, taxation and competition.
January 1, 1995... THE URUGUAY ROUND negotiations and numerous recent discussions and papers on the Post-Uruguay Round agenda have revealed that in today's global, increasingly integrated economy, maintaining and improving a liberal, open system for international...

The long wave in inflation and real interest rates.
January 1, 1995... ALTHOUGH THE U.S. economy is perceived, more and more widely, to be on a sustainable growth path, there is not much cheering about it. Media articles continue to focus on the loss of the American dream and the lack of growth in "high-quality"...

Outlook: the business economist profession.
January 1, 1995... BUSINESS ECONOMISTS devote most of their careers to forecasting the outlook for others but rarely for themselves. With so much change swirling around us, this may be an appropriate time to try to look ahead for our profession. The business...

Financial derivatives: applications and policy issues.
January 1, 1995... FINANCIAL DERIVATIVES are instruments whose value is derived from one or more underlying financial asset. The underlying instrument could be a financial security, a securities index, or some combination of securities, indexes, and commodities....

The business economist at work: contributions to higher education.
January 1, 1995... FOR THE PAST ten years I have been MBA Director at Niagara University, a private liberal arts college of 3,000 students established in 1856 in Niagara Falls, New York. For the first eight of those years, I simultaneously served as Dean of the...

Industry corner: world rubber and tire. (Industry Overview)
January 1, 1995... rubber n. 1. A yellowish, amorphous, elastic material obtained from the milky sap or latex of various tropical plants, especially the rubber tree, and vulcanized, pigmented, finished and modified into such products as electric insulation, elastic...

The statistics corner. (Column)
January 1, 1995... THE INTERNATIONAL Statistical Institute (ISI) organized a special seminar entitled "Long-Term Perspective on International Statistics" at Voorburg, The Netherlands, on September 12-13, 1994. This seminar was attended by more than fifty leaders of...