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. 65, No. 3, July

A Comparative Political Economy Approach to Farming Interest Groups in Australia and the United States
I Introduction: Farming Interest Groups and Natural Resource Management IT IS UNQUESTIONABLE THAT farm practices impact the quantity and quality of natural resources. For example, forests can be inefficiently converted to cropland by artificially...
A Simple General Test for Tax Bias
The method here is to infer the biasing effects of taxes from their differential effects on present values of rival uses for land. A local tax jurisdiction is an open economy. Our simplifying premise is that arbitrage equalizes all after-tax rates...
Editor's Introduction
William L. Anderson and Jacquelynne w. McLellan persuade us that the leading newspapers can be and often are quite stubborn and biased about their reporting of scientific information: Stubborn in the sense that once the leading newspapers fix their...
Escaping the Resource Curse and the Dutch Disease? When and Why Norway Caught Up with and Forged Ahead of Its Neighbors
I Introduction IN THE RECENT ECONOMIC HISTORY of Scandinavia, one phenomenon is striking: the ascent of Norwegian gross domestic product (GDP) per capita compared to those of its neighbors Denmark and Sweden. Until the early 1970s, Norway had...
Financing Transit Systems through Value Capture: An Annotated Bibliography
Most mass transit systems are financed not by riders but largely by subsidies from local public general funds. Those subsidies necessitate either higher taxes, reduced spending on other public services, or both. Does mass transit need to be so highly...
Heavy Constraints on a "Weightless World"? Resources and the New Economy
It is simply wrong to believe that nature sets physical limits to economic growth--that is, to prosperity and the production and consumption of goods and services on which it is based.... Although raw materials will always be necessary, knowledge...
Heterogeneity and Time: From Austrian Capital Theory to Ecological Economics
I Heterogeneity and Time HETEROGENEITY AND TIME are central aspects of economic activity. By heterogeneity we mean the variety of different entities that are involved in the economic process. In particular, this encompasses all primary resources,...
Lessons for Economic Reform Based on Pennsylvania's Experiences with the Two-Tiered Property Tax
I Introduction URBAN REVITALIZATION EFFORTS HAVE TRADITIONALLY FOCUSED ON infrastructure improvements, industrial development bonds, tax abatements, and urban renewal grants. Over time, these forms of targeted aid have been supplemented by programs...
Newspaper Ideological Bias or "Statist Quo"? the Acid (Rain) Test
I Introduction FOR 30 YEARS, debate has swirled around the alleged "liberal bias" of U.S. journalists, and especially journalists who write for publications such as Time, Newsweek, the New York Times, and the Washington Post. Sutter (2001) has...
Nonrenewable Exhaustible Resources and Property Taxation: Selected Observations
The use of natural resources--gifts of nature--to serve the general public must have persuasive appeal. Some things Nature created. No one can plausibly claim the benefits, the fruits, on the basis of having created the asset. The community, defined...
Reconciling Gray and Hotelling: Lessons from Early Exhaustible Resource Economics
I Introduction CONSIDERABLE TIME AND ENERGY have been devoted into the economic study of exhaustible resources (ER) since the early 20th century. The results of these efforts provide a basis for a modern field in ER economics. Like progress in...
The Complex Taxonomy of the Factors: Natural Resources, Human Action, and Capital Goods
The classical categories of factors--land, labor, and capital goods--were recognized by Adam Smith and Jean-Baptiste Say and were a central element of classical economic thought. The neoclassical turn of the late 1800s melded land and capital goods...
The Resource Economics of Grover Pease Osborne: Author of America's First Textbook on Resource Economics
Grover Pease Osborne's Principles of Economics: The Satisfaction of Human Wants in so Far as Their Satisfaction Depends on Material Resources (1893) was the first American textbook on resource economics available in the early years of our nation's...
The Role of Ethnicity and Language in Contingent Valuation Analysis: A Fire Prevention Policy Application
I Introduction FEDERAL AGENCIES ARE REQUIRED under several laws to assess the potential effects of their proposed actions on the public in general, distinct groups of the public, and the human environment. In particular, the National Environmental...
Valuing Nature: Economic Analysis and Public Land Management, 1975-2000
More federal environmental laws were passed in the 1970s than in any previous decade of American history. It amounted to a complete rewrite of the statutory foundations of U.S. environmental management and policy. The Clean Air Act (1970) and the Clean...