Course Reserve Readings

Articles linked below are available in Adobe Acrobat form. Copyright restrictions prohibit the duplication and dissemination of these documents in any form.

Rembrandt van Rijn, The Syndics of the Cloth Guild, 1662

Acemoglu, Daron and Thierry Verdier (2000). "The Choice Between Market Failures and Corruption." American Economic Review, 90:1 (March), 194-211.

Acemoglu, Daron and James A. Robinson (2001). "A Theory of Political Transitions." American Economic Review, 91:4 (September), 938-963.

Adler, Gustavo and Nicolas E. Magud (2013).  “Four Decades of Terms-of-Trade Booms: Saving-Investment Patterns and a New Metric of Income Windfall,” IMF Working Paper WP/13/103.

Aghion, Philippe, Eve Caroli, and Cecilia Garcia-Penalosa (1999). "Inequality and Economic Growth: The Perspective of the New Growth Theories," Journal of Economic Literature, 37:4 (December), 1615-1660.

Alesina, Alberto and Roberto Perotti (1998). "Economic Risk and Political Risk in Fiscal Unions," Economic Journal, 108:449 (July), 989-1008.

Alesina, Alberto, Reza Baqir, and William Easterly (1999). "Public Goods and Ethnic Divisions," Quarterly Journal of Economics 114:4 (November), 1243-1284.

Allman, William F., "Determing Risks with Statistics - and with Humanity," Science 85/Baltimore Sun, October 13, 1985, p. 50.

Andreoni, James, Brian Erard, and Jonathan Feinstein (1998). "Tax Compliance," Journal of Economic Literature, 36:2 (June), 818-860.

Arrow, Kenneth J, Hollis B. Chenery, B.S. Minhas, and Robert M. Solow (1961). "Capital-Labor Substitution and Economic Efficiency". Review of Economics and Statistics LXIII (August), 225-250.

Arrow, Kenneth J., "The Organization of Economic Activity: Issues Pertinent to the Choice of Market versus Non-Market Activity," in Mansfield Readings, (437-455).

Arrow, Kenneth J.(1997), "Invaluable Goods," Journal of Economic Literature XXXV (June), 757-765.

Arrow, Kenneth J.(1998), "What Has Economics to Say About Racial Discrimination," Journal of Economic Perspectives 12:2 (Spring), 91-100.

Arthur, W. Brian (1989), "Competing Technologies, Increasing Returns, and Lock-In by Historical Events," The Economic Journal, 99:394 (March), 116-131.

Atkinson, Anthony B. (1987), "On the Measurement of Poverty," Econometrica 55:4 (July), 749-764.

Bagwell, Laurie Simon and B. Douglas Bernheim, (1996), "Veblen Effects in a Theory of Conspicuous Consumption," American Economic Review 86:3 (June), 349-373.

Bator, Francis M.(1958), "Anatomy of Market Failure," Quarterly Journal of Economics, 72:3 (August), 351-379.

Baumol, William (1965), "The Empirical Determination of Demand Relationships," Economic Theory and Operations Analysis (Englewood Cliffs, New Jersey: Prentice-Hall).

Blank, Rebecca M. (2002). "Evaluating Welfare Reform in the United States," Journal of Economic Literature 40:4 (December), 1105-1166.

Bergson, Abram. "On Monopoly Welfare Losses". American Economic Review LXIII (December 1973), pp. 853-870.

Bernoulli, Daniel (1954, 1738), "Exposition of a New Theory on the Measurement of Risk," Econometrica 22:1 (January), 23-36.

Bohn, Henning (1998). "The Behavior of U.S. Public Debt and Deficits," Quarterly Journal of Economics, 113:3 (August), 949-963.

Bowles, Samuel S. and Herbert Gintis (2002). "The Inheritance of Inequality," Journal of Economic Perspectives, 16:3 (Summer), 3-30.

Christenson, Laurits B., Dale W. Jorgenson, and Lawrence J. Lau (1973), "Transcendental Logarithmic Production Frontiers". Review of Economics and Statistics LV, no. 1 (February), 28-45.

Coase, Ronald H. (1937), "The Nature of the Firm," Economica, New Series 4:16 (November), 386-405.

Coase, Ronald H. (1960), "The Problem of Social Cost", Journal of Law and Economics (October), 1-25.

Cobb, Charles W. and Paul H. Douglas (1928), "A Theory of Production," American Economic Review, 18:1, Papers and Proceedings (March), 139-165.

Congressional Budget Office (2013). An Analysis of the President’s 2014.  (Washington, D.C.:  Congressional Budget Office).

Conlisk, John (1996), "Why Bounded Rationality?" Journal of Economic Literature XXIV:2 (June), 669-700.

Congressional Budget Office (2005), "Corporate Income Tax Rates: International Comparisons", (Washington, D.C.: Congressional Budget Office, November).

Coughlin, Cletus K., Alec Chrystal, and Geoffrey E. Wood (1988), "Protectionist Trade Policies: A Survey of Theory, Evidence and Rationale," Federal Reserve Bank of St. Louis (January/February),12-30.

Datta-Chaudhuri, Mrinal (1990). "Market Failure and Government Failure," Journal of Economic Perspectives, 4:3 (Summer), 25-39.

Dixit, Avinash, and Robert Pindyck (1994), Investment Under Uncertainty (Princeton, NJ: Princeton University Press, 1994).

Downs, Anthony (1957), "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, 65:2 (April), 135-150.

Duggan, John and Joanne Roberts (2002). "Implementing the Efficient Allocation of Pollution," American Economic Review, 92:4 (September), 1070-1078.

European Union (2003). "Restructuring the Community Framework for the Taxation of Energy Products and Electricity," Official Journal of the European Union, Council Directive 2003/96/EC (27 October).

Federal Trade Commission (1973), "The Petroleum Industry: Structure and Conduct", in Mansfield Microeconomics Readings, (326-341).

Feldstein, Martin, and Elena Ranguelova (2001). "Individual Risk in an Investment-Based Social Security System," American Economic Review, 91:4 (September), 1116-1125.

Friedman, Milton and Leonard J. Savage, "The Utility Analysis of Choices Involving Risk," Journal of Political Economy 56:4 (August 1948), 279-304.

Frydman, Roman (2009), “Financial Markets and the State: Long Swings, Risk, and the Scope of Regulation,” Capitalism and Society 4:2, 1-45.

Galbraith, John Kenneth (1958). "Consumer Behavior and the Dependence Effect" , in Mansfield Microeconomics Readings, (3-6).

Hanoch, Giora (1971), "CRESH Production Functions," Econometrica 39:5 (September), 695-712.

Harberger, Arnold C. (1954), "Monopoly and Resource Allocation," American Economic Review 44:2, Papers and Proceedings (May), 77-87.

Harris, Ethan S.(1985), "Forecasting Automobile Output," Federal Reserve Bank of New York Review (1985).

Haveman,Robert and Barbara Wolfe (1995). "The Determinants of Children's Attainments: A Review of Methods and Findings," Journal of Economic Literature, 33:4 (December), 1829-1878.

Hayek, Friedrich A (1961)., "The Non Sequitur of the 'Dependence Effect'", in Mansfield Microeconomics Readings, (7-11).

Heady, Earl O. (1957), "An Econometric Investigation of the Technology of Agricultural Production Functions," Econometrica 25:2 (April), 249-268.

Herbst, Jeffrey I. (2002). "States and Power in Africa", review essay by James A. Robinson, Journal of Economic Literature, 40:2 (June), 510-519.

Hicks, John R. (1935), "Annual Survey of Economic Theory: The Theory of Monopoly," Econometrica 3:1 (January), 1-20.

Hoff, Karla and Joseph E. Stiglitz (2009), “Modern Economic Theory and Development,” Capitalism and Society, 2:2, 389-459.

Holmstrom, Bengt, and John Roberts (1998). "The Boundaries of the Firm Revisited," Journal of Economic Perspectives 12:4 (Fall): 73-94.

Houthakker, Hendrik S. "An International Comparison of Household Expenditure Patterns, Commemorating the Centenary of Engel's Law'. Econometrica 25:4 (October 1957), pp. 252-272.

Jorgenson, Dale W. (1998). "Did We Lose the War on Poverty?," Journal of Economic Perspectives, 12:1 (Winter), 79-96.

Kakwani, Nanak C. (1977), "Applications of Lorenz Curves in Economic Analysis," Econometrica 45:3 (April), 719-728.

Kahneman, Daniel and Amos Tversky (1979), "Prospect Theory: An Analysis of Decision Under Risk," Econometrica 47:2 (March), 263-292.

Keen, Michael (2013). “The Anatomy of the VAT”, IMF Working Paper13111.  (Washington, D.C.: The International Monetary Fund).

Kniesner,Thomas J., and James P. Ziliak (2002). "Tax Reform and Automatic Stabilization," American Economic Review, 92:3 (June), 590-612.

Kremer, Michael (2000). "Elephants," American Economic Review, 90:1 (March), 212-234.

Krueger, Alan B., and Mikael Lindahl (2001). "Education for Growth: Why and For Whom?" Journal of Economic Literature, 39:4 (December), 1101-1136.

Ladd, Helen F. (2002). "School Vouchers: A Critical View," Journal of Economic Perspectives, 16:4 (Autumn), 3-24.

Landers, Renée M., James B. Rebitzer, and Lowell J. Taylor (1996). "Rat Race Redux: Adverse Selection in the Determination of Work Hours in Law Firms". American Economic Review 86:3 (June), pp. 329-346.

Leibenstein, Harvey (1950), "Bandwagon, Snob, and Veblen Effects in the Theory of Consumers' Demand" Quarterly Journal of Economics 64:2 (May), 183-207.

Leibenstein, Harvey (1966), "Allocative Efficiency vs. 'X-Efficiency'" American Economic Review 56:3 (June), 392-415.

Lindbeck, Assar (1997). "The Swedish Experiment," Journal of Economic Literature," 35:3 (September), 1273-1319.

Lorie, James H., and Leonard J. Savage. "Three Problems in Rationing Capital", in Mansfield Microeconomics Readings, (499-512).

Magee, John F., "Guides to Inventory Policy: Functions and Lot Sizes", in Mansfield Managerial Economics Readings, (481-505).

McGuire, Martin C., and Mancur Olson, Jr. (1996), "The Economics of Autocracy and Majority Rule: The Invisible Hand and the Use of Force," Journal of Economic Literature, 34:1 (March), 72-96.

Mieszkowski, Peter, and George R. Zodrow (1989). "Taxation and the Tiebout Model: The Differential Effects of Head Taxes, Taxes on Land Rents, and Property Taxes," Journal of Economic Literature, 27:3 (September), 1098-1146.

Moore, Frederick T. (1959), "Economies of Scale: Some Statistical Evidence," Quarterly Journal of Economics 73:2 (May), 232-245.

Nash, John F., Jr. (1950), "The Bargaining Problem," Econometrica 18:2 (April), 155-162.

Nash, John F., Jr. (1953), "Two-Person Cooperative Games," Econometrica 21:1 (January), 128-140.

Papadimitriou, Dimitri B., Answar M. Shaikh, Claudio H. Dos Santos, and Gennaro Zezza (2005). "How Fragile is the U.S. Economy?" Strategic Analysis Paper, The Levy Institute of Bard College (March).

Pareto, Vilfredo (1897), "The New Theories of Economics," Journal of Political Economy, 5:4 (September), 485-502.

Park, Rolla Edward, (1971), "Congestion Tolls for Commercial Airports," Econometrica, 39:5 (September), 683-694.

Parkinson, C. Northcote, "Parkinson's Law", in Mansfield Managerial Economics Readings, (63-70).

Pauly, Mark V. (1986). "Taxation, Health Insurance, and Market Failure in the Medical Economy," Journal of Economic Literature, 24:2 (June), 629-675.

Pechman, Joseph A. (1990). "The Future of the Income Tax," American Economic Review, 80:1 (March), 1-20.

Pemberton, James (1999). "Social Security: National Policies with International Implications," Economic Journal, 109:457 (July), 492-508.

Persson,Torsten, Gerard Roland, and Guido Tabellini (2000). "Comparative Politics and Public Finance," Journal of Political Economy, 108:6 (December), 1121-1161.

Phelps, Edmund S. (2010). “The Slump, the Recovery and the ‘New Normal’”, Capitalism and Society 5:2; 1-19.

Porter, Robert H., "The Role of Information in U.S. Offshore Oil and Gas Lease Auctions". Econometrica 63:1 (January 1995), pp. 1-28.

Pratt, John W. (1964), "Risk Aversion in the Small and in the Large," Econometrica 32:1-2 (January-April), 122-136.

Radford, R.A. (1945), "The Economic Organization of a P.O.W. Camp," Economica, New Series, 12:48 (November), 189-201.

Ramsey, Frank P. (1927), "A Contribution to the Theory of Taxation," Economic Journal 37:145 (March), 47-61.

Ravenkar, Nagesh S., (1971), "A Class of Variable Elasticity of Substitution Production Functions," Econometrica, 39:1 (January), 61-71.

Reinhart, Carmen M., and Kenneth Rogoff (2010). “Growth in a Time of Debt”, NBER Working Paper 15639.  (Cambridge, Massachusetts:  NBER), (January), 1-26.

Samuelson, Paul A. (2004), "An Outsider Challenges Outsourcing's Orthodoxy," New York Times interview from Journal of Economic Perspectives fall 2004 article, September 9, 2004

Samuelson, William (1984), "Bargaining Under Asymmetric Information," Econometrica 52:4 (July), 995-1007.

Shleifer, Andrei (1998). "State versus Private Ownership," Journal of Economic Perspectives, 12:4 (Autumn), 133-150.

Shubik, Martin, "A Note on Decision-Making Under Uncertainty", in Mansfield Managerial Economics Readings, (418-420).

Simon, Herbert A. (1959), "Theories of Decision-Making in Economics and Behavioral Science", American Economic Review, 49:3 (June), 253-283.

Solow, Robert M. (1956). “A Contribution to the Theory of Economic Growth”, Quarterly Journal of Economics. 70(1): 65-94.

Stigler, George J. (1957), "Perfect Competition, Historically Contemplated," Journal of Political Economy, 65:1 (February), 1-17.

Stiglitz, Joseph E. (1987), "The Causes and Consequence of the Dependence of Quality on Price," Journal of Economic Literature 25:1 (March),1-48.

Stiglitz, Joseph E. (1998). "The Private Uses of Public Interests: Incentives and Institutions," Journal of Economic Perspectives, 12:2 (Spring), 3-22.

Sweezy, Paul M. (1939), "Demand Under Conditions of Oligopoly," Journal of Political Economy, 47:4 (August), 568-573.

Tanner, Evan (2013).  “Fiscal Sustainability: A 21st Century Guide for the Perplexed,” IMF Working Paper WP1389.  (Washington, D.C.:  International Monetary Fund), 1-49.

Tiebout, Charles M. (1956), "A Pure Theory of Local Expenditures," Journal of Political Economy 64:5 (October), 416-424.

Tirole, Jean (1985), "Asset Bubbles and Overlapping Generations," Econometrica, 53;5 (September), 1071-1100.

Viscusi, W. Kip (1997), "Alarmist Decisions with Divergent Risk Information," Economic Journal, 107:445 (November), 1657-1670.

Walters, A.A.(1963), "Production and Cost Functions: An Econometric Survey". Econometrica 31:1-2 (January-April), 1-66.