The American Journal of Economics and Sociology

The American Journal of Economics and Sociology publishes scholarly essays in the social sciences, with an emphasis on the intersection of sociology and economics. Also included are book reviews and profiles of historical figures.

Articles from Vol. 60, No. 4, October

A Principal-Agent Analysis of the Family: Implications for the Welfare State. (Focus on Economic Sociology)
LAUCHLAN T. MUNRO (*) ABSTRACT. This paper suggests that a principal-agent perspective may be one of several useful ways of analyzing the family. The principal-agent literature has so far ignored an important set of cases where the principal is...
Do Reservation Native Americans Vote with Their Feet? A Re-Examination of Native American Migration, 1985-1990. (Focus on Economic Sociology)
ELIZABETH ZAHRT GEIB (*) ABSTRACT. Native Americans suffer some of the highest rates of poverty and unemployment and the lowest rates of human capital attainment among racial minority groups in the United States, but economists understand very little...
Editor's Introduction
Laurence S. Moss THIS ISSUE BEGINS with an interesting methodological piece by Professor Giuseppe Fontana reminding us that John Maynard Keynes was deeply suspicious of the orthodox tradition in which the economy is considered to be self-adjusting...
Errata
Errors of omission and commission were discovered in Volume 59, number 5 in the monograph, Land Value Taxation Around the World, edited by Robert V. Andelson. The errors and the corrections are as follows: p. xxii, line 3, through p. xxii, line...
Keynes on the "Nature of Economic Thinking": The Principle of Non-Neutrality of Choice and the Principle of Non-Neutrality of Money. (Focus on Economic Theory)
GIUSEPPE FONTANA (*) ABSTRACT. In the last two decades there has been a flourishing of writings on the methodological approach of Keynes. Whereas broad interpretations of Keynes's work may have a role to play for future economics the main argument...
On the Mythology of the Keynesian Multiplier: Unmasking the Myth and the Inadequacies of Some Earlier Criticisms. (Focus on Economic Theory)
JAMES C. W. AHIAKPOR (*) ABSTRACT. Keynes's multiplier story invites acceptance by building on the fact that people typically consume only a fraction of their income and that such purchases are incomes for sellers. By misrepresenting the classical...
Self-Execution, Capital Punishment, and the Economics of Murder: Analysis of UK Statistics Suggests That Suicide by Murder Suspects Is Not Influenced by the Probability of Execution
SAMUEL CAMERON (*) ABSTRACT. During the period when capital punishment was regularly used in England and Wales, the risk of self-execution from suicide, when suspected of murder, greatly dominated the risk of death at the hands of the state. Over...
Social Inequality and the Sociology of Life Style: Material and Cultural Aspects of Social Stratification. (Focus on Economic Sociology)
DIETER BOGENHOLD (*) ABSTRACT. The rising importance of dimensions such as age, gender, nationality, ethnicity, political attitudes, and multiple choices to organize the notion of "life course" has made the older class concept appear obsolete to...
The Evolution of the Sophisticated Quantity Theory: Marshall vs. Wicksell on Transaction Demand. (Focus on Economic Theory)
MICHAEL J. GOOTZEIT (*) ABSTRACT. When the money supply increased exogenously, Marshall's vs. Wicksell's versions of short run inflation transmission are shown to be different because of their ideas on money demand. During the approach to monetary...
The Long and Bumpy Road to Glass-Steagall Reform: A Historical and Evolutionary Analysis of Banking Legislation. (Other Articles)
JILL M. HENDRICKSON (*) ABSTRACT. This paper focuses on understanding the role of interest groups and markets in influencing regulatory change. To that end, it first identifies the interest groups surrounding the creation of legislation that separated...