American Economist articles from March 2006

American Economist archives from March 2006

The transformation of macroeconomic policy and research.
March 22, 2006... 1. Introduction What I am going to describe for you is a revolution in macroeconomics, a transformation in methodology that has reshaped how we conduct our science. Prior to the transformation, macroeconomics was largely separate from the...

The price of morals: an empirical investigation of industry sectors and perceptions of moral satisfaction--do business economists pay for morally satisfying employment?
March 22, 2006... I. Introduction In every first economics course, students are exposed to a simple optimization model to explain and predict economic behavior. The model assumes that rational, self-interested actors with access to perfect information...

The academic review process: how can we make it more efficient?
March 22, 2006... I. Introduction Recent studies suggest that in the last few decades the publication delay has become much longer than it used to be. Both the submit-accept time and the first-response time (from submission to first editorial decision,...

Do gas cost incentive mechanisms work? A nation-wide study.
March 22, 2006... I. Introduction Natural gas is a fuel used by most households and industries in the US. Since it is distributed with decreasing average costs, and since the demand for gas is inelastic, the industry is often regarded as a classic natural...

Associate professor turnover at America's public and private institutions of higher education.
March 22, 2006... I. Introduction Voluntary departures of tenured faculty at an academic institution prior to the normal retirement age provide both benefits and costs to institutions of higher education. Benefits of faculty turnover to an institution...

How much will people pay for status?
March 22, 2006... I. Introduction "For my part, I had rather be the first man among these fellows than the second man in Rome." --Caesar on passing by a small village of barbarians. (1) The extent to which people care about their status (i.e....

Comments on Roger Garrison's "a roundabout approach to macroeconomics: some autobiographical reflections".
March 22, 2006... The autobiographical article by Roger Garrison (Fall, 2004) told of a journey from his days as a potential engineer to a leading and respected Austrian Economist. However, there were therein some unfair and misleading statements aimed at this...

Response to Professor Brazelton.
March 22, 2006... Memories fade--and sometimes fester--over a period of three decades, but Professor Brazelton has jogged mine into realizing that I did indeed do a disservice to him and to the institution that he has long served. The storyline in my...

The World Is Flat: A Brief History of the Twenty-First Century.(Book review)
March 22, 2006... The World Is Flat: A Brief History of the Twenty-First Century, by Thomas L. Friedman (New York: Farrar, Straus, and Giroux 2005) Globalization and its effects on the world today is a topic that has been discussed hundreds of times over the...

Freakonomics: A Rogue Economist Explores The Hidden Side Of Everything.(Book review)
March 22, 2006... Freakonomics: A Rogue Economist Explores The Hidden Side Of Everything, by Steven D. Levitt and Stephen J. Dubner (New York: HarperCollins, 2005) Do Judge a Book by its Cover The cover of this book grabs your attention; its content...

Chapter roll.(Table)
March 22, 2006... CHAPTER ROLL STATE & CHAPTER UNIVERSITY FACULTY ADVISER Alabama Alpha Auburn University--Auburn Prof. Richard W. Ault Beta University of Alabama-- Prof. Ruxaudra Prodan ...