American Economist articles from March 1997

American Economist archives from March 1997

Full employment and the welfare state.
March 22, 1997... The modern welfare state and full employment policies have common intellectual roots. In the 1930's and 1940's, Keynesian visions of full employment and Beveridge-inspired ideas of a universal welfare state grew up in about the same intellectual...

On the pleasures and gains of collaboration.
March 22, 1997... I was very grateful for the invitation to write this piece about those with whom I have collaborated over the years, because it gives me the opportunity to go beyond the usual meager introductory footnote or the brief book preface to express my...

Reflections of a policy economist.
March 22, 1997... The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite...

Getting noticed in economics: the determinants of academic citations.
March 22, 1997... All academics want to be cited. There are many reasons for this desire, including the quests for truth, fame or financial rewards. While truth may not be evidenced by citations, the search for truth is marked by discussion and deliberation, the...

Wage growth and inflation in the United States: further evidence from Johansen's cointegration approach.
March 22, 1997... 1. Introduction There has been considerable disagreement among economists about the inflationary impact of increased wage rates. A standard hypothesis is that autonomous wage changes are a significant component of inflation determination. This...

Making "economic miracles": explaining extraordinary national economic achievement.
March 22, 1997... INTRODUCTION Economic miracles are made, not born. National economic achievements that appear to deviate from the laws of nature or so to transcend those laws as to seem that they are brought about through some superhuman agency are "miracles"...

Money and economic activity in developing coutries: evidence based on cointegration and causality tests.
March 22, 1997... I. Introduction The role of money supply in the inflationary process in developing countries has been a subject of considerable debate among economists {see Vogel (1974), Nugent and Glezakos (1979), Saini (1982), Darrat (1986), Ghatak and...

Voting cycles in business curriculum reform, a note.
March 22, 1997... I. INTRODUCTION The theoretical potential for "voting cycles" was discovered by the French mathematician Condorcet in the eighteenth century (Mueller, 1989, p. 64) and received renewed attention in modern economics with the "impossibility...

Law and economics course readings: a survey of North American universities.
March 22, 1997... A survey of course reading lists in North American Universities in law and economics has been prepared to assist faculty members engaged in teaching (not only in economics, but also in interdisciplinary areas), to help students embarked on term...

Frontiers of Tax Reform.
March 22, 1997... Tax reform is once again front page news. To some degree this stems from the fact that top marginal tax rates have risen slowly over the past decade. Another factor is the failure of recent tax reforms. Despite the lofty promises of 1980s...