The Economics Department Working Paper Series is a pre-publication outlet for research produced by Department faculty and graduate students.

Submissions from 2012

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Replacement versus Historical Cost Profit Rates: What is the difference? When does it matter?, Deepankar Basu, 2012-11

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Public Debt and Functional Finance in an OLG Model with Imperfect Competition, Peter Skott and Soon Ryoo, 2012-10

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Opportunities as chances: maximising the probability that everybody succeeds, Marco Mariotti and Roberto Veneziani, 2012-09

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Erasing Class/ (re)Creating Ethnicity: Jobs, Politics, Accumulation and Identity in Kenya, Mwangi wa Githinji, 2012-08

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The Calorie Consumption Puzzle in India: An Empirical Investigation, Deepanker Basu and Amit Basole, 2012-07

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Real exchange rates and the long-run effects of aggregate demand in economies with underemployment, Peter Skott, Martin Rapetti, and Arslan Razmi, 2012-06

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Employment and Distribution Effects of the Minimum Wage , Fabián Slonimczyk and Peter Skott, 2012-05

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Pluralism, the Lucas critique, and the integration of macro and micro , Peter Skott, 2012-04

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The Reserve Army of Labour in the Postwar U.S. Economy: Some Stock and Flow Estimates, Deepankar Basu, 2012-03

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Class Struggle and Economic Flactuations: VAR Analysis of the post-War U.S. Economy, Deepankar Basu, Ying Chen, and Jong-seok Oh, 2012-02

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Assessing the Rise of Organic Farming in the European Union: Environmental and Socio-economic Consequences, Charalampos Konstantinidis, 2012-01

Submissions from 2011

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Technology, Distribution and the Rate of Profit in the US Economy: Understanding the Current Crisis, Deepankar Basu and Ramaa Vasudevan, 2011-32

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Small and as Productive : Female Headed Households and the Inverse Relationship between Land Size and Output in Kenya, Mwangi wa Githinji, Charalampos Konstantinidis, and Andrew Barenberg, 2011-31

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Land, Poverty and Human Development in Kenya, Mwangi wa Githinji, 2011-30

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Can Asia Sustain an Export-Led Growth Strategy in the Aftermath of the Global Crisis? An Empirical Exploration, Gonzalo Hernandez and Arslan Razmi, 2011-29

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Imposing a balance of payment constraint on the Kaldorian model of cumulative causation, Arslan Razmi, 2011-28

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Relative mortality improvements as a marker of socio-economic inequality across the developing world, 1990-2009, Deepankar Basu, 2011-27

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Public debt and full employment in a stock-flow consistent model of a corporate economy, Soon Ryoo and Peter Skott, 2011-26

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Public debt in an OLG model with imperfect competition, Peter Skott and Soon Ryoo, 2011-25

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Positional goods, climate change and the social returns to investment, Leila Davis and Peter Skott, 2011-24

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Heterodox macro after the crisis, Peter Skott, 2011-23

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Distributional biases in the analysis of climate change, Peter Skott and Leila Davis, 2011-22

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Business cycles, Peter Skott, 2011-21

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Increasing inequality and financial instability, Peter Skott, 2011-20

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Transparency without Accountability, Mwangi wa Githinji and Frank Holmquist, 2011-19

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Industrialization, Exports and the Developmental State in Africa: The Case for Transformation, Mwangi wa Githinji and Olugbenga Adesida, 2011-18

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The Great Austerity War: What Caused the Deficit Crisis and Who Should Pay to Fix It?, James Crotty, 2011-17

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What types of organizations benefit from teams, and how do they benefit?, Jed Devaro and Fidan Ana Kurtulus, 2011-16

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Worker Attitudes Towards Employee Ownership, Profit Sharing and Variable Pay, Fidan Ana Kurtulus, Douglas Kruse, and Joseph Blasi, 2011-15

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Do Women Top Managers Help Women Advance? A Panel Study Using EEO-1 Records, Fidan Ana Kurtulus and Donald Tomaskovic-Devey, 2011-14

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An Empirical Analysis of Risk, Incentives and The Delegation of Worker Authority, Jed Devaro and Fidan Ana Kurtulus, 2011-13

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Comparative Growth Dynamics in a Discrete-time Marxian Circuit of Capital Model, Deepankar Basu, 2011-12

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What Types of Diversity Benefit Workers? Empirical Evidence on the Effects of Co-Worker Dissimilarity on the Performance of Employees, Fidan Ana Kurtulus, 2011-11

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An Empirical Analysis of Risk Preferences, Compensation Risk, and Employee Outcomes, Fidan Ana Kurtulus, Douglas Kruse, and Joseph Blasi, 2011-10

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Macroeconomic Policy Coordination in a Competitive Real Exchange Rate Strategy for Development, Martin Rapetti, 2011-09

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The Real Exchange Rate and Economic Development, Arslan Razmi, Martin Rapetti, and Peter Skott, 2011-08

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The Real Exchange Rate and Economic Growth: are Developing Countries Different?, Martin Rapetti, Peter Skott, and Arslan Razmi, 2011-07

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The Returns to Skill and Racial Difference in Parenting: Evidence from the Civil Rights Movement, Owen Thompson, 2011-06

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The Realism of Assumptions Does Matter: Why Keynes-Minsky Theory Must Replace Efficient Market Theory as the Guide to Financial Regulation Policy, James Crotty, 2011-05

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Terms of Trade and Output Fluctuations in Colombia, Gonzalo Hernández, 2011-04

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Dynamics of Output and Employment in the U.S. Economy, Deepankar Basu and Duncan K. Foley, 2011-03

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Racial Disparities in the Cognition-Health Relationship, Owen Thompson, 2011-02

Submissions from 2010

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Relations of Production and Modes of Surplus Extraction in India, Amit Basole and Deepankar Basu, 2011-01

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Intergenerational Justice in the Hobbesian State of Nature, Paola Manzini, Marco Mariotti, and Roberto Veneziani, 2010-13

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Exploitation and Profits: A General Axiomatic Approach in Convex Economies with Heterogeneous Agents, Roberto Veneziani and Naoki Yoshihara, 2010-12

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Labor Productivity and the Law of Decreasing Labor Content, Peter Flaschel, Reiner Franke, and Roberto Veneziani, 2010-11

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A Classical-Marxian Model Of Education, Growth And Distribution, Amitava Krishna Dutt and Roberto Veneziani, 2010-10

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Labor heterogeneity, inequality and institutional change, Peter Skott, 2010-09

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An empirical evaluation of three post Keynesian models, Peter Skott and Ben Zipperer, 2010-08

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The Great Detour, Peter Skott, 2010-07

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The exchange rate, diversification, and distribution in a modified Ricardian model with a continuum of goods, Arslan Ramzi, 2010-06

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Is Environmental Justice Good for White Folks?, Michael Ash, James K. Boyce, Grace Chang, and Helen Scharber, 2010-05

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Is There a Tendency for the Rate of Profit to Fall? Econometric Evidence for the U.S. Economy, 1948-2007, Deepankar Basu and Panayiotis T. Manolakos, 2010-04

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Employment and Distribution Effects of the Minimum Wage, Fabian Slonimczyk and Peter Skott, 2010-03

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Cyclical Patterns of Employment, Utilization and Profitability, Ben Zipperer and Peter Skott, 2010-02

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A Concise History of Exchange Rate Regimes in Latin America, Roberto Frenkel and Martin Rapetti, 2010-01

Submissions from 2009

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The Paradox of Thrift and Crowding-In of Private Investment in a Simple IS-LM Model, Deepankar Basu, 2009-14

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The Bonus-Driven “Rainmaker” Financial Firm: How These Firms Enrich Top Employees, Destroy Shareholder Value and Create Systemic Financial Instability, James Crotty, 2009-13

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Relations of Production and Modes of Surplus Extraction in India: An Aggregate Study, Amit Basole and Deepankar Basu, 2009-12

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Economic Incentives and Social Preferences: A preference-Based Lucas Critique of Public Policy, Samuel Bowles and Sandra Polanía Reyes, 2009-11

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Exploring the Robustness of the Balance of Payments- Constrained Growth Idea in a Multiple Good Framework, Arslan Razmi, 2009-10

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Must Improved Labor Standards Hurt Accumulation in the Targeted Sector? Stylized Analysis of a Developing Economy, Arslan Razmi, 2009-09

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International Trade, Factor Mobility and the Persistence of Cultural-Institutional Diversity, Marianna Belloc and Samuel Bowles, 2009-08

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The Real Exchange Rate as an Instrument of Development Policy, Arslan Razmi, Martin Rapetti, and Peter Skott, 2009-07

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Son Preference, Sex Selection and the Problem of Missing Women in India, Deepankar Basu, 2009-06

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Larger groups may alleviate collective action problems, Sung-Ha Hwang, 2009-05

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Contest Success Functions: Theory and Evidence, Sung-Ha Hwang, 2009-04

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Long waves and short cycles in a model of endogenous financial fragility, Soon Ryoo, 2009-03

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Bretton Woods II and the Emerging Economies: Lazarus, Phoenix, or Humpty Dumpty?, Arslan Razmi, 2009-02

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The Structuralist Growth Model, Bill Gibson, 2009-01

Submissions from 2008

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Measuring Corporate Environmental Justice Performance, Michael Ash and James K. Boyce, 2008-16

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Proposals for Effectively Regulating the U.S. Financial System to Avoid Yet Another Meltdown, James Crotty and Gerald Epstein, 2008-15

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Structural Causes of the Global Financial Crisis: A Critical Assessment of the ‘New Financial Architecture’, James Crotty, 2008-14

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Is altruism bad for cooperation?, Sung-Ha Hwang and Samuel Bowles, 2008-13

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Growth, instability and cycles: Harrodian and Kaleckian models of accumulation and income distribution, Peter Skott, 2008-12

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Theoretical and empirical shortcomings of the Kaleckian investment function, Peter Skott, 2008-11

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Must Improved Labor Standards Hurt Accumulation in an Open Developing Economy? A Structuralist Analysis of the Cambodian Case, Arslan Razmi, 2008-10

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Is the Chinese Investment- and Export-Led Growth Model Sustainable? Some Rising Concerns, Arslan Razmi, 2008-09

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Corruption and Growth: Exploring the Investment Channel, Mina Baliamoune-Lutz and Léonce Ndikumana, 2008-08

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Bandwagon, underdog, and political competition: The uni-dimensional case, Woojin Lee, 2008-07

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Social Preferences and Public Economics: Mechanism design when social preferences depend on incentives, Samuel Bowles and Sung-Ha Hwang, 2008-06

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Social Preferences and Public Economics: Mechanism design when social preferences depend on incentives, Samuel Bowles and Sung-Ha Hwang, 2008-06

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Financialization in Kaleckian economies with and without labor constraints, Soon Ryoo and Peter Skott, 2008-05

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Social choice and information: a note on the calculus of mappings from utility spaces, Alex Coram, 2008-04

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Keynesian and Neoclassical Closures in an Agent-Based Context, Bill Gibson, 2008-03

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The Current Macroeconomic Crisis, Bill Gibson, 2008-02

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The dynamics of resource spending in a competition between political parties: general notes on the Red Queen effect, Alex Coram, 2008-01

Submissions from 2007

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The Linkages between FDI and Domestic Investment: Unravelling the Developmental Impact of Foreign Investment, Leonce Ndikumana and Sher Verick, 2007-13

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Reserves Accumulation in African Countries: Sources, Motivations, and Effects, Adam Elhiraika and Léonce Ndikumana, 2007-12

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Information and communications technologies, coordination and control, and the distribution of income, Frederick Guy and Peter Skott, 2007-11

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A Multi-Agent Systems Approach to Microeconomic Foundations of Macro, Bill Gibson, 2007-10

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Public Finance, Aid, and Post-Conflict Recovery, James K. Boyce, 2007-09

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Macroeconomic implications of financialization, Peter Skott and Soon Ryoo, 2007-08

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The Class Analysis of Households Extended: Children, Fathers, and Family Budgets, Stephen Resnick and Richard Wolff, 2007-07

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Integration, Informalization, and Income Inequality in Developing Countries: Some General Equilibrium Explorations in Light of Accumulating Evidence, Arslan Razmi, 2007-06

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The Growth Effects of Openness to Trade and the Role of Institutions: New Evidence from African Countries, Mina Baliamoune-Lutz and Léonce Ndikumana, 2007-05

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Power, Samuel Bowles and Herbert Gintis, 2007-03

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Power, Productivity and Profits, Frederick Guy and Peter Skott, 2007-02

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Beyond dualism: Multisegmented labor markets in Ghana, James Heintz and Fabian Slonimczyk, 2001-01

Submissions from 2006

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Relative Advantage, Queue Jumping, and Welfare Maximizing Weath Distribution, Alex Coram and Lyle Noakes, 2006-08

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An asymmetric dynamic struggle between pirates and producers, Alex Coram, 2006-07

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Whose Money? Whose Time? A Nonparametric Approach to Modeling Time Spent on Housework, Sanjiv Gupta and Michael Ash, 2006-06

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Pursuing Manufacturing-Based Export-Led Growth: Are Developing Countries Increasingly Crowding Each Other Out?, Arslan Razmi, 2006-05

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Japanese growth and stagnation: a Keynesian perspective, Takeshi Nakatani and Peter Skott, 2006-04

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Social Segregation and the Dynamics of Group Inequality, Samuel Bowles and Rajiv Sethi, 2006-02

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Border Wars: Tax Revenues, Annexation, and Urban Growth in Phoenix, Carol E. Heim, 2006-01

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Aspects of Informalization and Income Distribution in Developing Countries: A Modified Specific Factors Approach, Arslan Razmi

Submissions from 2005

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Price Competition and the Fallacy of Composition in Developing Country Exports of Manufactures: Estimates of Short-Run Growth Effects, Robert A. Blecker and Arslan Razmi, 2005-18

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Power-Biased Technological Change and the Rise in Earnings Inequality, Frederick Guy and Peter Skott, 2005-17

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Exercises in Futility: Post-War Automobile-Trade Negotiations between Japan and the United States, Donald W. Katzner and Mikhail J. Nikomarvo, 2005-16

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Racism, xenophobia, and redistribution, Woojin Lee, John Roemer, and Karine van der Straeten, 2005-15

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Can macroeconomic policy stimulate private investment in South Africa? New insights from aggregate and manufacturing sector-level evidence, Léonce Ndikumana, 2005-14

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Distributional conflict, the state, and peace building in Burundi, Léonce Ndikumana, 2005-13

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Prosperity and Stagnation in Capitalist Economics, Toichiro Asada, Peter Flaschel, and Peter Skott, 2005-12

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Keynesian Theory and the AD-AS Framework: A Reconsideration, Amitava Krishna and Peter Skott, 2005-11

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The Second Paycheck to Keep Up With the Joneses: Relative Income Concerns and Labor Market Decisions of Married Women, Yongjin Park, 2005-10

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The Contractionary Short-Run Effects of Nominal Devaluation in Developing Countries: Some Neglected Nuances, Arslan Razmi, 2005-09

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Values and Politics in the US: An Equilibrium Analysis of the 2004 Election, Woojin Lee and John Roemer, 2005-08

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Cultural Variation in the Theory of the Firm, Donald W. Katzner, 2005-07

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Wage inequality and overeducation in a model with efficiency wages, Peter Skott, 2005-06

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Balance of Payments Constrained Growth Model: The Case of India, Arslan Razmi, 2005-05

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The Role of the State in Economic Transformation: Comparing the Transition Experiences of Russia and China, David M. Kotz, 2005-04

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The Effects of Export-Oriented, FDI-Friendly Policies on the Balance of Payments in a Developing Economy: A General Equilibrium Investigation, Arslan Razmi, 2005-03

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Developing Country Exports of Manufactures: Moving Up the Ladder to Escape the Fallacy of Composition?, Arslan Razmi and Robert A. Blecker, 2005-02

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Free to Move: Migration, Tax Competition and Redistribution, Woojin Lee, 2005-01

Submissions from 2004

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Mythical ages and methodological strictures — Joan Robinson’s contributions to the theory of economic growth, Peter Skott, 2004-9

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Female Land Rights and Rural Household Incomes in Brazil, Paraguay and Peru, Carmen Diana Deere, Rosa Luz Durán, Merrilee Mardon, and Tom Masterson, 2004-8

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Ideological State Apparatuses, Consumerism, and U.S. Capitalism: Lessons for the Left, Richard D. Wolff, 2004-7

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By What Measure? Family Time Devoted to Children in the U.S., Nancy Folbre, Jayoung Yoon, Kade Finnoff, and Allison Sidle Fuligni, 2004-6

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Aid, Conditionality, and War Economies, James K. Boyce, 2004-5

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Fairness as a Source of Hysteresis in Employment and Relative Wages, Peter Skott, 2004-4

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Economic Explanation, Ordinality and the Adequacy of Analytic Specification, Donald W. Katzner and Peter Skott, 2004-2

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Guard Labor: An Essay in Honor of Pranab Bardhan, Samuel Bowles and Arjun Jayadev, 2004-15

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Emulation, Inequality, and Work Hours: Was Thorsten Veblen Right?, Samuel Bowles and Yongjin Park, 2004-14

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Separate and Unequal: The Effect of Unequal Access to Employment-Based Health Insurance on Gay, Lesbian, and Bisexual People, Michael A. Ash and Lee Badgett, 2004-13

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Election campaigns, agenda setting and electoral outcomes, Manfred J. Holler and Peter Skott, 2004-12

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Steindlian models of growth and stagnation, Peter Flaschel and Peter Skott, 2004-11

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The Current Non-Status of General Equilibrium Theory, Donald W. Katzner, 2004-10

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Green and Brown? Globalization and The Environment, James K. Boyce, 2004-1

Submissions from 2003

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Financial Development, Financial Structure, and Domestic Investment: International Evidence, Léonce Ndikumana, 2003-01

Submissions from 2002

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Public Debts and Private Assets: Explaining Capital Flight from Sub-Saharan African Countries, Léonce Ndikumana and James K. Boyce, 2002-2

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What Determines Cartel Success?, Margaret C. Levenstein and Valerie Y. Suslow, 2002-1

Submissions from 2001

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International Cartel Enforcement: Lessons from the 1990s, Simon J. Evenett, Margaret C. Levenstein, and Valerie Y. Suslow, 2001-1

Submissions from 2000

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Incentives and Equity Under Standards-Based Reform, Julian R. Betts and Robert M. Costrell, 2000-8

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The Determinants of Earnings: Skills, Preferences, and Schooling, Samuel Bowles, Herbert Gintis, and Melissa Osborne, 2000-7

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Optimal Parochialism: The Dynamics of Trust and Exclusion in Networks, Samuel Bowles and Herbert Gintis, 2000-6

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The Evolution of Strong Reciprocity, Samuel Bowles and Herbert Gintis, 2000-5

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Walrasian Economics in Retrospect, Samuel Bowles and Herbert Gintis, 2000-4

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Risk Aversion, Insurance, and the Efficiency-Equality Tradeoff, Samuel Bowles and Herbert Gintis, 2000-3

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Strong Reciprocity and Human Sociality, Herbert Gintis, 2000-2

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Is Africa a Net Creditor? New Estimates of Capital Flight from Severely Indebted Sub-Saharan African Countries, 1970-1996, James K. Boyce and Léonce Ndikumana, 2000-1