American Economist articles from September 2005

American Economist archives from September 2005

Memorializing George L. S. Shackle.
September 22, 2005... A. Special Introductory Note for The American Economist When the following Centenary Lecture on George L. S. Shackle was given at St. Edmund's College, University of Cambridge I was, so to speak, addressing the choir. My audience not only...

Pushing for a more humane society.
September 22, 2005... Like most economists, I came to the profession not through any great interest in the actual economy itself. Rather, I enjoyed studying and creating models of simple processes that might or might not resemble what goes on in the actual...

A review of Robert Heilbroner's contributions, in memoriam 1919-2005.
September 22, 2005... INTRODUCTION Robert Heilbroner, best known for taking the so-called "dismal science" and making it come to life, died on January 4, 2005 at the age of 85. He was Professor Emeritus of the New School University in New York City. ...

Executive compensation incentives in a volatile market.
September 22, 2005... I. Introduction In recent years, advances in principal-agent theory have allowed a more thorough analysis of pay-for-performance incentives in executive compensation contracts. By taking into account the risk-averse attitudes of...

Short-term output fluctuations in Poland: an application of the IS-MP-AS model.
September 22, 2005... I. Introduction Poland encountered great challenges in the early 1990s during its transition to a market economy but has made improvements in the last few years. The inflation rate in 2003 was 0.73% compared with the EU standard of close...

Exploring values in the classroom: three exercises for introductory economics.
September 22, 2005... INTRODUCTION Recent assessments of economics education highlight a need for increased student participation in the introductory economics classroom (e.g., Becket and Watts, 2001). Classroom exercises are an effective method of getting...

The determinants of health status in Sub-Saharan Africa (SSA).
September 22, 2005... I. Introduction The health capital of nations serves both as an important means and a basic end in efforts aimed at improving human welfare. Consequently, development specialists and policy formulators have focused their attention on a...

Upstream mergers, downstream mergers, and unionized oligopoly.
September 22, 2005... I. Introduction In a vertical structure, an integrated industry makes more profits than a non-integrated industry, and the consumer price is lower in the case of the former. The objective of vertical integration is to avoid the double...

Is the Dorfman-Steiner rule always optimal?
September 22, 2005... I. Introduction Fifty years ago, Dorfman & Steiner (1954) demonstrated the optimal level of advertising for a monopolist occurs when the advertising to sales ratio is equal to the ratio of the advertising elasticity to the price...

From poverty to obesity: exploration of the food choice constraint model and the impact of an energy-dense food tax.
September 22, 2005... I: Introduction Poverty and disease can participate in a vicious cycle wherein each one perpetuates the other. Deprived living conditions, malnutrition, and poor access to health care can advance the progression from poverty to disease....

A note on government budgets.(Author Abstract)
September 22, 2005... Introduction The analysis of government budgets has become quite common in economics classrooms. Indeed, examinations of the Federal government budget in particular are found in textbooks for principles, intermediate macroeconomics, and...

Comparative economics: a reference guide.
September 22, 2005... Economic systems have changed and been modified over time. From the 1980s to the present a strong expansion of economic internationalism has occurred. Many European countries have joined the European Union. The United States, Canada, and Mexico...

Economic Development and Economic Integration: Selected Articles.
September 22, 2005... Economic Development and Economic Integration: Selected Articles, A. J. Kondonassis. (Norman, OK: University of Oklahoma Printing Services, 2001) I. Introduction A. J. Kondonassis' Economic Development and Economic Integration:...

Soft Power: The Means to Success in World Politics.
September 22, 2005... Soft Power: The Means to Success in World Politics, Joseph S. Nye, Jr. NY: Public Affairs, 2004, pp. 175. In Soft Power, Joseph Nye advocates the benefits of using soft power in US foreign policy. His definition of soft power is as follows:...