Phillip LeBel

Comparative Economic Systems

As posted on the syllabus, this course contains weblinks to datasets, application modules, classroom case studies, and electronic reserve readings. These web-based materials are listed below.

"It is ideas, not vested interests, which are dangerous for good or evil."

John Maynard Keynes (1883-1946)

Comparative Economic Systems

Econ 402 - Comparative Economic Systems

 Course Reserve Readings

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

Acharya, Shankar (2010). "Ten Myths of Indian Economic Policy," (London: Financial Times Economists Forum).

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.

Allman, William F.(1985).,”Determining Risks with Statistics – and with Humanity,” Science 85/Baltimore Sun, October 13, 1985, p. 50.

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.

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

Audretsch, David B. (2010),  "German Economic Policy, (Bloomington, Indiana: Indiana University Institute for Development Strategies).

Bator, Francis M. (1958), “Anatomy of Market Failure,” Journal of Political Economy, 72:3 (August), 351-379.

Bean, Jonathan (1997). "Nikolai Bukharin and the New Economic Policy – A Middle Way?" The Independent Review II(1): 1-20

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

Bernouilli, Daniel (1954, 1738). “Exposition of a New Theory on the Measurement of Risk,” Econometrica 22:2 (January), 23-36.

Bernstein, Eduard (1965,1932). "Introduction", Evolutionary Socialism.  (New York:  Schocken Books).

Canales-Kriljenko, Jorge Iván, Luis I. Jácome, Ali Alichi, and Ivan Luis de Oliveira Lima (2010). "Weathering the Global Storm: The Benefits of Monetary Policy Reformin the LA5 Countries," Working Paper 292.  (Washington, D.C.: International Monetary Fund).

Chamon, Marcos, Kai Liu, and Eswar Prasad (2010). "Income Uncertainty and Household Savings Behavior in China," Working Paper 289. (Washington, D.C.: International Monetary Fund, December).

Cipriani, Marco, and Antonio Guarino (2010). "Estimating a Structural Model of Herd Behavior in Financial Markets," Working Paper 288. (Washington, D.C.: International Monetary Fund).

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), 1-44.

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

Dean, Jason, Andrew Browne, and Shai Oster (2010).  "China's 'State Capitalism' Sparks a Global Backlash," The Wall Street Journal, November 16, 2010.

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

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

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 (1948). “The Utility Analysis of Choices Involving Risk,” Journal of Political Economy I 56:4 (August), 279-304).

Gaidar, Yegor (2007), "The Soviet Collapse: Grain and Oil," Issues Paper. (Washington, D.C.: American Enterprise Institute, April).

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

Holcombe, Randall G. (2010). "South Korea's Economic Future: Industrial Policy, or Economic Democracy," (Tampa, Florida: University of South Florida).

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

Huntington, Samuel P. (1993). "The Clash of Civilizations?" Foreign Affairs 72(3): 1-22.

Ilias, Shayerah (2010). "Iran's Economic Conditions:  U.S. Policy Issues," (Washington, D.C.: Congressional Research Service Report).

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

Kolodko, Grzegorz (1993). "From Output Collapse to Sustainable Growth in Transition Economies: The Fiscal Implications," Working paper No. 35. (Warsaw, Poland:  Institute of Finance).

Kornai, János (1998). "The System Paradigm," Working Paper Number 278. (Washington, D.C.: International Monetary Fund, April).

Levy, Jonah D., Mari Miura, and Gene Park (2003). "Exiting Etatisme? New Directions in State Policy in France and Japan," workshop paper on New State Activities in the Age of Globalization.  (Berkeley, California: University of California Berkeley).

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

Marx, Karl, and Frederick Engels (1848). "Manifesto of the Communist Party," (Moscow: Progress Publishers, 1969, 1848).

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.

Nanto, Dick K., and Emma Chanlett-Avery (2010). "North Korea: Economic Leverage and Analysis," (Washington, D.C.:  Congressional Research Service Report).

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

Parkinson, C. Northcote (1955). “Parkinson’s Law”, in Mansfield, Managerial Economics Readings, (63-70).

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.

Polanyi, Karl (1944). "Societies and Economic Systems," excerpts from The Great Transformation. (New York: Rinehart Company, Inc.)

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

Rehman, Scheherazade S., and Hossein Askari (2010). "An Economic Islamicity Index," Global Economy Journal 10:3, 1-39.

Schneider, Geoffrey, and Paul Susman (2010). "Uneven Development and Grounded Comparative Institutional Advantage: Lessons from Sweden and Mondragon," Social Economics 39: 1-11.

Schumpeter, Joseph A. (1962, 1950, 1942). "The Process of Creative Destruction," chapter VII, from Capitalism, Socialism, and Democracy.  (New York:  Harper Torchbooks, 1962).

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

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

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 (March): 1-48.

Swamy, Arun R. (2003). "Hindu Nationalism – What's Religion Got to Do With It?" (Asia-Pacific Center for Security Studies).

Syed, Murtaza, and Jinsook Lee (2010). "Japan's Quest for Growth: Exploring the Role of Capital and Innovation," Working Paper 294. (Washington, D.C.: International Monetary Fund, December).

Trotsky, Leon (1977, 1972, 1936). "The Revolution Betrayed," (New York:  Pathfinder Press). http://www.marxists.org/archive/trotsky/1936/revbet/index.htm

Yao, Shujie (2007). "China's New Economic Policy Initiatives from the 17th National Congress of the Chinest Communist Party," (Nottingham, U.K.: University of Nottingham, China Policy Institute).

Wall Street, October 1929

Datasets
1.
 Africa Data
2.
 Agricultural Subsidies
3.
 Bills, Bonds, Stocks, Inflation
4.
 Bond Market Profile
5.
 Chesapeake Bay Marine Harvests
6.
 Consumer Variety
7.
 Consumer Price Index for the U.S. 1913-2009
8.
 Corruption and Economic Development, 2001
9.
 Economic Freedom and Corruption
10.
 Education and Income
11.
 Elasticity Estimates of Various Goods
12.
 Energy - Crude Oil Prices
13.
 Energy Efficiency
14.
 Energy Markets
15.
 Energy Resources
16.
 Gallery of Economic History
17.
 Generosity Index 2001
18.
 Generosity Index 2004
19.
 Global Climate Indicators
20.
 Global Energy Intensity
21.
 Global Temperatures
22.
 Globalization Trends
23.
 Growth and Development
24.
 Growth and Trade
25.
 Human Development Index 1998
26.
 Human Development Index 2001
27.
 Human Development Index 2004
28.
 Human Development Index 2010
29.
 International Clean Water Access Rates, 1980-2005
30.
 International Health Care
31.
 International R and D Patterns
32.
 Measuring Global Information Levels
33.
 One Hundred Largest Companies, 1995
34.
 One Hundred Largest Companies, 1999
35.
 One Hundred Largest Companies 2002
36.
 One Hundred Largest Companies 2004
37.
 Risk and Economic Growth
38.
 Risk Perception Rankings
39.
 Stock Market Bubbles
40.
 Do Types of Taxation Affect Real Per Capita GDP?
41.
 Tax Havens
42.
 Telecommunications Mergers
43.
 The Global Commercial Aircraft Market
44.
 U.S. Agriculture
45.
 U.S. Budget and Trade Balance
46.
 U.S. Budget Trends
47.
 U.S. Carbon Dioxide Emissions
48.
 U.S. Carbon Dioxide Intensity
49.
 U.S. Civilian Labor Force
50.
 U.S. Current R and D by Source
51.
 U.S. Futures and Options Markets
52.
 U.S. High-Level Nuclear Waste
53.
 U.S. Low-Level Nuclear Waste
54.
 U.S. Municipal Solid Waste
55.
 U.S. Superfund Sites
56.
 Venture Capital Personified
57.
 World Air Passenger Travel Trends
58.
 World Bicycle Production
59.
 World Biofuels Production
60.
 World Fish Consumption
61.
 World Fossil Fuel Consumption
62.
 World Grain Production
63.
 World Meat Production
64.
 World Metals Production
65.
 World Nuclear and Renewable Energy
66.
 World Profitability and Risk in Globalization
67.
 World Roundwood Production
68.
 World Vehicle Production
69.
 World Wars and Armed Conflicts
70.
 World Weather Losses

Poverty

Application Modules
1.
 Am Djena Project Case Study
2.
 AmDjenaLoanSolution
3.
 Basic Cost Benefit Analysis
4.
 Atkinson Inequality
5.
 Basic Forecasting
6.
 Biodiversity Index
7.
 Chaos in Asset Pricing
8.
 Circular Flow Diagram
9.
 Circular Flow Diagram Configurations
10.
 Cobb Douglas Production Function
11.
 Cobb Douglas Utility Function
12.
 Commodity Price Stabilization
13.
 Comparative Economic Systems Course Review
14.
 Competitive Strategy
15.
 Cost Analysis
16.
 Cost Curve Relationships
17.
 Economic Functions of the Public Sector
18.
 Efficient Portfolios
19.
 Engel Curves
20.
 Excise Taxation
21.
 Excise Tax Criteria
22.
 Excise Tax Optimization
23.
 Exhaustible Resource MultiPeriod Model
24.
 Externalities
25.
 Externalities Optimal Management Model
26.
 Fundamentals of Finance
27.
 History of Economic Thought
28.
 Income Inequality Measurement
29.
 Introductory Price Elasticity
30.
 Introductory Price Elasticity Summary Relations
31.
 Leontief Basic Static Input-Output Model
32.
 Marginal Productivity
33.
 Matrix Operations
34.
 Millet Mill Solution Tableau
35.
 Optimal Allocation of Renewable Natural Resources
36.
 Optimal Investment Storage
37.
 Optimal Product Mix
38.
 Optimal Resource Pricing
39.
 Optimal Taxation of Negative Externalities
40.
 Pension Systems
41.
 Political Legitimacy
42.
 Point Voting Systems
43.
 Price Discrimination and Economic Efficiency
44.
 Price Elasticity Profiles
45.
 Random Demand Profit Maxima
46.
 Regression Demand and Supply
47.
 Renewable Natural Resources Single Species Dynamics
48.
 Simple Regression Analysis
49.
 Social Discrimination
50.
 Stock Market Valuation
51.
 Strategic Plan Framework
52.
 Supply and Demand
53.
 Tariffs and Quotas in International Trade
54.
 The Basic Stock Option Pricing Model
55.
 The Circular Flow of an Economy
56.
 The Cobweb Model
57.
 The Gini Inequality Model
58.
 The Law of Variable Proportions
59.
 The Measurement of Risk
60.
 The Ranking of Risk
61.
 Tradable Pollution Permits
62.
 Transportation Problem
63.
 Tropical Timber Model
64.
 Voting Systems
65.
 Working Capital Management

Personal Wealth

Case Studies
1.
 Basic Supply and Demand
2.
 The Own Price Elasticty of Demand and Total Revenue Test
3.
 Optimal Food Stamp Pricing
4.
 Engel Curve Income Elasticity of Demand
5.
 Excise Taxation Case Study
6.
 Optimal Excise Taxation
7.
 Trade and Tariff Economics
8.
 Variable Inputs in Production
9.
 Production and Cost Functions
10.
 Basic Economic Efficiency
11.
 Basic Market Dynamics
12.
 Pure Monopoly
13.
 Competition versus Monopoly
14.
 Multi-product Monopoly Model
15.
 The Cournot Duopoly Model
16.
 The Strategic Behavior Model
17.
 Commodity Price Stabilization
18.
 Profit Maximization under Risk
19.
 Optimal Pricing of Exhaustible Resources V.1
20.
 Static Natural Resource Optimization
21.
 Renewable Natural Resource Optimization
22.
 Externalities Case Study
23.
 The Leontief Static Input-Output Model
24.
 The Basic Harrod Domar Model
25.
 Financial Analysis of Projects
26.
 Case Study - The Millet Mill Project
27.
 The Am Djena Livestock Project
28.
 Polynomial Ambiguity
29.
 Livestock Econometric Model
30.
 Income Distribution

 

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