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The Columbia Encyclopedia, Sixth Edition articles from March 2000
With over 51,000 entries The Columbia Encyclopedia (Sixth Edition) is an authoritative and exhaustive reference guide. Each entry is thorough and clear, the result of over 200 editors and academic advisors striving for depth and accuracy in the oldest, most venerable English language encyclopedia in the world.
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The Columbia Encyclopedia, Sixth Edition archives from March 2000
Editors' Summary.
March 22, 2000... THE BROOKINGS PANEL on Economic Activity held its sixty-ninth conference in Washington, D.C., on March 30 and 31, 2000. This issue of Brookings Papers includes the papers and discussions presented at the conference. The first paper presents and...
Near-Rational Wage and Price Setting and the Long-Run Phillips Curve.
March 22, 2000... OVER THIRTY YEARS ago, in his presidential address to the American Economic Association, Milton Friedman asserted that in the long run the Phillips curve was vertical at a natural rate of unemployment that could be identified by the behavior of...
The Stock Market and Investment in the New Economy: Some Tangible Facts and Intangible Fictions.
March 22, 2000... In the Old Economy, the value of a company was mostly in its hard assets--its buildings, machines, and physical equipment. In the New Economy, the value of a company derives more from its intangibles--its human capital, intellectual property,...
Raising the Speed Limit: U.S. Economic Growth in the Information Age.
March 22, 2000... THE CONTINUED STRENGTH and vitality of the U.S. economy continue to astonish economic forecasters.(1) A consensus is now emerging that something fundamental has changed, with "new economy" proponents pointing to information technology (IT) as...
Roots of the Recent Recoveries: Labor Reforms or Private Sector Forces?
March 22, 2000... FROM THE MID-1970s to the mid-1980s, most of the industrial economies of the Organization for Economic Cooperation and Development (OECD) suffered a sharp slide in economic activity, as measured both by employment in relation to the labor force...