Journal of Economic Issues

Founded in 1967, the Journal of Economic Issues is a quarterly journal that publishes articles on economic methodology, economic control and policy problems. It also contains book reviews and proceedings of annual meetings conducted by the Association of Evolutionary Economics, its publisher.It is edited by Richard V. Adkisson.

Articles from Vol. 33, No. 3, September

A User's Guide to Proposals to Replace the U.S. Tax System and Strangle Fiscal Policy
Taxes evoke strong and contradictory emotions. The desire to keep as much money as possible conflicts with the sense that we should contribute to the good of society. Respect for privacy collides with the need to ensure that others are paying their...
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Conflicting Signals: The Labor Market for College-Educated Workers
Recent evidence on the labor market experiences of college-educated(1) workers presents a clear and challenging puzzle. Wage data seem to indicate a relative shortage of college-educated workers because "earnings of college graduates have increased...
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Do We Want to Raise the Age of Eligibility for Social Security Retirees?
The proposals to raise the eligible age for Social Security retirees have been advanced as one solution to the alleged baby-boom retiree crisis. The eligible age will in fact rise from 65 to 67 early in the next century. And recently a prominent bipartisan...
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Economic Challenges of Transgenic Crops: The Case to Bt Cotton
Over the past century, technological advances, in concert with increased extraction of nonrenewable resources, have forestalled the realization of the Malthusian prediction. Yet there remains a need to feed and clothe a growing world population on...
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Estimating the Effects of Informal Economic Activity: Evidence from Los Angeles County
Economists have traditionally associated informal economic activity with developing countries [De Soto 1989; Fields 1975; Marshall 1987; Sethuraman 1981] and have emphasized its negative tax implications [Reed 1985]. Less research has been done on...
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Groping for Autonomy: The Federal Government and American Hospitals, 1950-1990
The contemporary U.S. health care system seems far removed from the pattern of professional dominance that characterized health care policymaking for most of the twentieth century. Prior to the 1960s, government involvement in the practice of medicine...
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Inequality in American Manufacturing Wages, 1920-1988: A Revised Estimate
In a recent paper and book, one of us [Galbraith 1998a, 1998b] has presented estimates of the evolution of inequality in hourly wage rates in American manufacturing for two periods, 1920-1947 and 1958-1992. Both measures are based on the between-group...
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John Locke, Property Rights, and Economic Theory
Institutionahsts, as well as economists of various heterodox stripes, are familiar with the bastardization process as it has been used to defuse (and defame) authoritative individuals who posed a serious challenge to prevailing orthodoxy. Perhaps the...
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Money, Trust, and Culture: Elements for Institutional Approach to Money
Although money is present in so many dimensions of modern life, both its meaning and its importance for the operation of market economies are often neglected by economic theory. In fact, most of the neoclassical economic literature (hegemonic in academia)...
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Thorstein Veblen's Neglected Feminism
Women . . . were the original subservient class, and to some extent, especially as regards their nominal or ceremonial position, they have remained in that position down to the present. - Thorstein Veblen, 1899 Critics have rarely failed to remark...
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Veblen's Possible Influence on the New Deal Land-Utilization Program as Evidenced by His Student Claud Franklin Clayton
While there is considerable indirect evidence of Thorstein Veblen's influences upon New Deal policies, there are relatively few direct attributions of credit to him [Tilman 1988]. In this paper, I present one of the rarer cases of direct evidence by...
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Was Keynes a Corporatist? Keynes's Radical Views on Industrial Policy and Macro Policy in the 1920s
Keynes's main purpose in writing The Economic Consequences of the Peace (1919) was to issue a dire warning that if the provisions of the Treaty of Versailles were implemented, the world would face the prospect of economic stagnation, financial crisis,...
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Wesley Mitchell's Grand Design and Its Critics: The Theory and Measurement of Business Cycles
Business cycles are a type of fluctuation found in the aggregate economic activity of nations who organize their work mainly in business enterprises: a cycle consists of expansions occurring at about the same time in many economic activities, followed...
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