American Economist articles from March 1995

American Economist archives from March 1995

The political economy and urban racial tensions.
March 22, 1995... Recent books such as Andrew Hacker's Two Nations (1992) and Derrick Bell's Faces at the Bottom of the Well (1992) promote the view that racial antagonisms are so deep seated, so primordial that feelings of pessimism about whether America can...

Following the indicators. (economic research)
March 22, 1995... My life's work, and the philosophy behind it, has been deeply affected by two developments. One is my acquaintance with two economists who guided my work for many years, Wesley C. Mitchell and Arthur F. Burns. The other is the principles and...

What do economists know?
March 22, 1995... The title of my talk today was stimulated by a conversation I had forty years ago with Peter Bauer, the distinguished Cambridge University economist. I arrived early at a dinner for him, and before other guests arrived he proclaimed,...

If art is resold, should the artist profit?
March 22, 1995... I INTRODUCTION The title of this essay is taken from the headline of a recent news article appearing in The New York Times.(2) The article described public hearings held in San Francisco. The hearings were conducted by the office of the Policy...

Expected price level movements and the use of information variables.
March 22, 1995... 1. Introduction A series of recent papers has studied the relationship between movements in the price level and the monetary policy process. Goodfriend (1987), for instance, considers the problem of non-stationarity of the price level as an...

Multiple worker households and multiple job holding: rigid vs. flexible hours.
March 22, 1995... Many households have more than one potential bread-winner, or a worker with the chance to moonlight. All households experience pressing time constraints, there are only twenty four hours in a day; and, furthermore, some jobs are quite rigid in...

New-Keynesian economics today: the empire strikes back.(Interview)
March 22, 1995... ". . . there is no single doctrine taken to be a scientific truth without the diametrically opposed view being similarly upheld by authors of high repute . . . in other fields of science these conflicts usually come to an end . . . It is only in...

Neglect of economic education in Webster's 'Blue-Backed Speller.'(Interview)
March 22, 1995... It is likely that for more than a century, Webster's Blue-Backed Speller had more influence on the intellectual development of school-children in the United States than any other textbook used in the nation's schools. Referring to him as...

Economic education for at-risk students: an evaluation of 'Choices & Changes.'
March 22, 1995... Choices & Changes is an economic education program designed specifically to help "at-risk" elementary and junior high school students use economic concepts and reasoning in their decision making processes. The Choices & Changes curriculum is...

The economic transformation of Eastern Europe: the case of Poland - comment. (comment on article by Jeffrey Sachs, The American Economist, vol. 36, Fall 1992, p. 3)
March 22, 1995... In a recent article for The American Economist, Jeffrey Sachs (1992) provides a review of Poland's economic reform and prospects for the future. In this article, Sachs argues that despite some shortcomings, the comprehensive economic reform...

Velocity and the variability of yields on financial and other assets.
March 22, 1995... I. Introduction This paper extends the money growth variability-velocity debate that has emerged in the literature. It addresses the effect of the variability in the yields of several financial and other assets upon MI velocity. As Friedman...

Testing the quadratic relationship between economic development and the fertility rate: a comment. (comment on articles by Roberto Rios and Wison Mixon Jr., American Economist, vol. 37, Spring 1993, p. 83 and 81, respectively)
March 22, 1995... Rios (1991, 1993) and Mixon (1993) examined the relationship between economic development and total fertility rates. Based on the sample of 34 countries for both Latin America and Europe, Rios (1991) found that the total fertility rate has a...

The Choice: A Fable of Free Trade and Protectionism.
March 22, 1995... In the past few years, with the battles over NAFTA and GATT, the debate over free trade and protectionism has moved from the confines of economics journals and textbooks to the political forefront. The American public has learned that the vast...

Monetary Policy and Investment Opportunities.
March 22, 1995... After being relegated to the credit columns for much of the past decade and a half, news about Fed policy has made it back onto the front page. This renewed focus on what the Fed does and how its actions affect the economy has made Professor...