Journal of Economic Issues articles from December 2000

Journal of Economic Issues archives from December 2000

In Memory.(Obituary)
December 1, 2000... HAROLD GOODHUE VATTER, PHD 1910-2000 Harold Goodhue Vatter, professor emeritus in the Portland State University Department of Economics, died the night of September 8 in his Portland home. Born in 1910, he was just three months shy of...

WHAT DO ECONOMISTS KNOW?: NEW ECONOMICS OF KNOWLEDGE.(Review)
December 1, 2000... WHAT DO ECONOMISTS KNOW?: NEW ECONOMICS OF KNOWLEDGE. Edited by Robert F. Garnett Jr. London and New York: Routledge. 1999. Pp. 259. $19.95. This volume of fifteen essays might be better titled "How economists produce and impose...

THE GREAT DISRUPTION: HUMAN NATURE AND THE RECONSTITUTION OF SOCIAL ORDER.(Review)
December 1, 2000... THE GREAT DISRUPTION: HUMAN NATURE AND THE RECONSTITUTION OF SOCIAL ORDER. By Francis Fukuyama. New York: The Free Press, 1999. Pp. xii, 354. $26.00. In his most recent book, The Great Disruption, Francis Fukuyama puts forth his sweeping...

A THEORY OF EMPLOYMENT SYSTEMS: MICRO-FOUNDATIONS OF SOCIETAL DIVERSITY.(Review)
December 1, 2000... A THEORY OF EMPLOYMENT SYSTEMS: MICRO-FOUNDATIONS OF SOCIETAL DIVERSITY. By David Marsden. Oxford: Oxford University Press, 1999. $32.00. David Marsden's Theory of Employment Systems endeavors to explain how the limits on employers'...

POST KEYNESIAN PRICE THEORY.(Review)
December 1, 2000... POST KEYNESIAN PRICE THEORY. By Frederic S. Lee. Cambridge University Press, 1998. Pp. 281. While a work on Post Keynesian price theory would be a welcome addition to the literature--little attention has been given to the microeconomics of...

THE ECONOMICS AM) MANAGEMENT OF INTELLECTUAL PROPERTY: TOWARDS INTELLECTUAL CAPITALISM.(Review)
December 1, 2000... THE ECONOMICS AM) MANAGEMENT OF INTELLECTUAL PROPERTY: TOWARDS INTELLECTUAL CAPITALISM . By Ove Granstrand. Northampton, MA: Edward Elgar, 1999. Pp. 464. $120.00. We know that technological change is the driver for economic growth. We also...

TRUE SECURITY: RETHINKING AMERICAN SOCIAL INSURANCE.(Review)
December 1, 2000... TRUE SECURITY: RETHINKING AMERICAN SOCIAL INSURANCE . By Michael J. Graetz and Jerry L. Mashaw. New Haven: Yale University Press, 1999. Pp. 357 + index. $40.00 cloth/$16.95 paper. The recent history of American social insurance is one of...

Corporate Power and the Evolution of Consumer Credit.
December 1, 2000... The evolution of consumer credit involves the use of corporate power to remove the liquidity constraints that historically have limited consumer spending. Lack of liquidity constrains consumer spending, hindering the ability of corporations to...

Ocean Container Shipping: Impacts of a Technological Improvement.
December 1, 2000... Through the 1950s, ocean transport of general (dry non-bulk) cargo used break-bulk (i.e., on pallet) methods: pallets were moved, generally one at a time, onto a truck or rail car that carried them from the factory or warehouse to the docks....

Conflict and Conversion: Henry S. Dennison and the Shaping of J.K. Galbraith's Economic Thought.
December 1, 2000... A sizable amount of attention in the history of economic thought has been devoted to unraveling the unique contributions of John Kenneth Galbraith. Not nearly as much the subject of contention as is Thorstein Veblen--the intellectual figure...

A Note on Money and the Circuit Approach.
December 1, 2000... In a recent issue of this journal, Louis-Philippe Rochon (1999) compares three distinct approaches to money creation--the neoclassical view, the Post Keynesian view, and the circuit approach. Through this juxtaposition Rochon aims to clarify...

The Creation and Circulation of Endogenous Money: A Reply to Pressman.(discussion between author and Steven Pressman on issue of money creation)
December 1, 2000... Steven Pressman has written an informative and thought-provoking response to my article (Rochon 1999a). In his reply, Pressman proposes four arguments, which he claims are problematic for the circuit approach. First, he argues that in the...

THORSTEIN VEBLEN: THEORIST OF THE LEISURE CLASS.(Review)
December 1, 2000... THORSTEIN VEBLEN: THEORIST OF THE LEISURE CLASS. By John Patrick Diggins. Princeton: Princeton University Press, 1999. Pp. 261. $55.00 cloth/$16.95 paper. This volume was originally issued in 1978 under the title The Bard of Savagery:...

JACQUES LOEB: HIS SCIENCE AND SOCIAL ACTIVISM AND THEIR PHILOSOPHICAL FOUNDATIONS.(Review)
December 1, 2000... JACQUES LOEB: HIS SCIENCE AND SOCIAL ACTIVISM AND THEIR PHILOSOPHICAL FOUNDATIONS. By Charles Rasmussen and Rick Tilman. Philadelphia, PA: American Philosophical Society, 1998. Ontology deals with the ultimate nature of being; it is...

A NOT-SO-DISMAL SCIENCE: A BROADER VIEW OF ECONOMIES AND SOCIETIES.(Review)
December 1, 2000... A NOT-SO-DISMAL SCIENCE: A BROADER VIEW OF ECONOMIES AND SOCIETIES. Edited by Mancur Olson and Satu Kahkonen. New York: Oxford University Press, 2000. Pp. xii, 274. $65.00 cloth/$ 19.95 paper. The Reverend Mancur Olson and co-worshipers...

Descendance and Social Genealogies: Toward an Evolutionary Conception of Economic History.
December 1, 2000... In 1898 Thorstein Veblen published his programmatic article "Why is Economics Not an Evolutionary Science?" in which he attacked the proponents of(neo-)classical economics as being "helplessly behind the times" (56). As he put it, these...

Institutions and Culture: Neo-Weberian Economic Anthropology.
December 1, 2000... After a long moribund period, economic anthropology is undergoing a renaissance. There has been a notable resurgence in the study of consumption (Miller 1994, 1995, 1997), globalization (Appadurai 1996; Friedman 1995), neo-Marxist political...

The Political Economy of Social Security Reform Proposals.(in the United States)(Statistical Data Included)
December 1, 2000... Various interest groups and the executive branch of the US government have proposed fundamental changes in the structure of the US Social Security system. Most of these reform proposals have entailed some form of privatization of the system....

Can a Rising Tide Raise All Boats? Evidence from the Clinton-Era Expansion.(study explores whether economic growth has benefited low-skilled workers)(Statistical Data Included)
December 1, 2000... The Clinton-era expansion is now the oldest on record and while economic growth has not been unprecedented it has been robust. Perhaps most importantly, the expansion seems to have successfully moved the economy toward fuller, if not full,...

Work Time Regimes in Europe: Can Flexibility and Gender Equity Coexist?
December 1, 2000... The regulation of working hours through legislation and collective bargaining became standard practice throughout Europe during the postwar period. This led to a stable workweek, generally forty hours or slightly higher. Yet many of the...

Competing Perspectives on the Liberalization of China's Foreign Trade and Investment Regime.
December 1, 2000... China has been experiencing a social and economic transformation that is no less dramatic than those experienced since 1989 by the nations of central and eastern Europe. In a span of twenty years, this once "sleeping giant" has evolved from a...