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. 37, No. 4, December

Access to Supervisory Jobs and the Gender Wage Gap among Professionals
Significant gender wage gap exists in the U.S. labor market. Some of the factors attributed to the gender earnings gap include differential human capital attainment by males and females (Mincer 1962; Becker 1981), occupational segregation (Bergmann...
Employer of Last Resort: Could It Deliver Full Employment and Price Stability?
The idea that the government should stand ready to provide work to all who seek paid employment but cannot otherwise find a job has been advanced by a number of authors in recent years. The term employer of last resort (hereafter ELR) has been used...
Ethnic Business Development: Toward a Theoretical Synthesis and Policy Framework
There has been a growing interest in both Europe and North America in the high rate of self-employment among ethnic minority groups. The evidence indicates that some ethnic minorities are disproportionately represented in self-employment (Razin 1993;...
Extreme Monetary Regime Change: Evidence from Currency Board Introduction in Bulgaria
The introduction of the Currency Board in Bulgaria in July 1997 may be viewed as an extreme institutional change of the monetary regime and as its discrete interruption. Bulgaria switched from a regime of discretionary and subjective money supply management...
Institutional Restructuring in the Japanese Economy since 1985
The Japanese economy has experienced an unprecedented period of macroeconomic turbulence over recent years. (1) Even before the 1997 Asian crisis, this had led to a sharp rise in the number of financial institutions experiencing bankruptcy, including...
Marshall's Dilemma: Equilibrium versus Evolution
Alfred Marshall remains somewhat of an enigmatic figure in the evolution of economic analysis. Historians of economic thought almost invariably accord Marshall a prominent role in the early development of "neoclassical" economics and in partial equilibrium...
Notes and Communications
Ayres and Dewey: Forward to the Future--A Critique of James L. Webb's Article. James L. Webb provided a stimulating and insightful interpretation of the ideas of John Dewey in his provocative article, "Dewey: Back to the Future" (2002). I strongly...
On the Natural Intelligence of Women in a World of Constrained Choice: How the Feminization of Clerical Work Contributed to Gender Pay Equality in Early Twentieth Century Canada
This article examines some of the more pertinent details of the feminization of clerical work in the context of early twentieth century Canada and the impact that this had upon gender pay inequality. More generally, we address the question of the conditions...
The Economic Case for Mergers: Old, New, Borrowed, and Blue
Over several years I have worked on a project that looked at the implications for women's work of new technology. (1) Part of this project involved case studies and interviewing female workers every two months for twenty-four months. Even though the...
Thorstein Veblen's Theory of Business Competition
Although almost all dimensions of Thorstein Veblen's analysis of modern capitalism have attracted adequate attention, his theory of business or market competition that lies in the heart of his understanding of modern capitalism has not received the...
Timeliness and the Fed's Daily Tactics
A recent development in neoclassical monetary economics is the flurry of research on the Federal Reserve's (hereafter, the Fed's) daily implementation of monetary policy in the federal funds market. In the late summer of 2001, for instance, a Federal...
Understanding the Retail Business Potential of Inner Cities
Inner city areas are often significantly "under-stored" (Loukaitou-Sideris 2000), with inadequate opportunities for residents to shop near their homes. More residents are transit dependent in inner cities than in the general metro area, making them...
Veblen's Q-Tobin's Q
The possible discrepancy between the market valuation of firms and the replacement costs of the underlying assets has long been noted by economists, going back at least as far as Knut Wicksell (1) and Thorstein Veblen. For the modern period, this discrepancy...
Was Shock Therapy Really a Shock?
The shock therapy model derived its name from Poland's stabilization and liberalization program, initiated on January 1, 1990, which became known as "shock therapy" or "big bang." The countries that followed with the shock therapy approach were Czechoslovakia...