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Journal Article
History of Political Economy (2007) 39 (2): 263–292.
Published: 01 June 2007
... of Economic Studies 70.3 : 489 -520. Berle, Adolf A., and Gardiner C. Means. 1932 . The Modern Corporation and Private Property . New York: Harcourt, Brace and World. Carmichael, H. Horne. 1989 . Self-Enforcing Contracts, Shirking, and Life Cycle Incentives. Journal of Economic Perspectives 3.4...
Journal Article
History of Political Economy (2011) 43 (2): 353–360.
Published: 01 June 2011
...Jonathan B. Wiener How can we explain the emergence of property rights from their absence, in the face of incentives to overuse open-access resources and obstacles to collective agreement on property systems? Blackstone said “necessity begat property,” and Bentham said “property and law were born...
Journal Article
History of Political Economy (1983) 15 (3): 423–449.
Published: 01 September 1983
... proprietors work harder than hired ag- ricultural workers and have greater incentives to raise productivity, save and invest, and limit family size. He even argued that proprietorship has a beneficial moral effect on the peasantry. If we strip away Mill’s mission- ary zeal for proprietorship...
Journal Article
History of Political Economy (1999) 31 (2): 297–315.
Published: 01 June 1999
..., as he typically developed his arguments carefully and strategically (Smith 1983, 89, 146-47). I shall argue that Smith saw all three institutions adversely affected by similar incentive structures that were likely to produce poorly func- tioning organizations. Smith identified self-interest...
Journal Article
History of Political Economy (2000) 32 (3): 631–648.
Published: 01 September 2000
...,2 and this influence is particularlyclear in the area of wage and motivational theories. Before the middle of the eighteenth century, since most commentators believed that working-class aspirations were severelylimited, negative incentives to work were widelyadvocated. Indeed, the utility...
Journal Article
History of Political Economy (1978) 10 (2): 233–257.
Published: 01 June 1978
... advocated the need of rewards or incentives to motivate people to economic action. “Nothing animates men more than the hope of reward,” he wrote. “The object of the toil, effort and diligence [of men] has always been the interest to collect what is [their] due and to derive profits” (p. 28...
Journal Article
History of Political Economy (2016) 48 (2): 191–223.
Published: 01 June 2016
.... 1972 . “Incentive Contracts and Competitive Bidding.” American Economic Review 62 ( 3 ): 384 – 94 . Bowmaker Simon W. 2012 . The Art and Practice of Economics Research: Lessons from Leading Minds . Cheltenham : Edward Elgar . California Institute of Technology . 1979...
Journal Article
History of Political Economy (2003) 35 (3): 575–577.
Published: 01 September 2003
..., Schultz demonstrates that people will have every incentive to pursue any means possible to secure advantage, since to do so yields a benefit in this strategic game. Perfect information doesn’t solve this prob- lem; instead, it leads to paralysis (54). The solution lies in boundaries set by moral...
Journal Article
History of Political Economy (1995) 27 (4): 687–703.
Published: 01 November 1995
... Deposits 37 : 20 -16. Early Warnings of the Hazards of Federal Deposit Insurance at the Time of Its Inception John D. McCallie Introduction Beginning mainly with Robert Merton (1977; 1978), economists in re- cent times have repeatedly warned against the incentive hazards created...
Journal Article
History of Political Economy (1992) 24 (2): 477–491.
Published: 01 June 1992
... a cumulative impact. In setting Austrian capital theory within this dynamic framework, Hayek’s unique contribution was to explain how monetary expansion sets in motion incentives which ini- tiate a boom, but which steadily disrupt the balance between produc- tion methods. The inevitable outcome...
Journal Article
History of Political Economy (1986) 18 (3): 497–513.
Published: 01 September 1986
... of reduced resource stock are borne by users collectively and are not fully incorporated into individual use decisions. This divergence of social and private costs creates an incentive to exploit the resources at greater than optimal intensity, thus requiring some social limits on individual...
Journal Article
History of Political Economy (2019) 51 (S1): 155–179.
Published: 01 December 2019
... : Mysl’ . Schroeder Gertrude . 1973 . “Recent Developments in Soviet Planning and Incentives .” In Soviet Economic Prospects for the Seventies, Joint Economic Committee, US Congress , 11 – 38 . Washington, D.C. : US GPO . Schroeder Gertrude . 1979 . “The Soviet Economy...
Journal Article
History of Political Economy (2007) 39 (4): 679–712.
Published: 01 November 2007
..., namely, the expansion and accumulation of knowledge, the coordination of economic activity, the problem of incentives, and the prob- lem of quality. Its organization is as follows. The fi rst section briefl y exam- ines early views on the role of knowledge in economic development. The second section...
Journal Article
History of Political Economy (2013) 45 (4): 623–645.
Published: 01 November 2013
... to bear more than their fair share of a burden that has to be undertaken in the general interest, and partly into the category of measures for bringing the private and the social interests into harmony so that indi- viduals shall have direct and appropriate pecuniary incentives for under- taking...
Journal Article
History of Political Economy (1983) 15 (1): 92–105.
Published: 01 March 1983
...). Without such individual incentives, society would put a premium on “audacity, carelessness, and unreasonable optimism” (H709). Using modern terminology, the individ- ual must take an appropriate attitude towards risk. Given an emphasis on change and anticipations, encouragement...
Journal Article
History of Political Economy (1988) 20 (4): 669–672.
Published: 01 November 1988
... investment expenditure across the full range of methods of production (capital widening) the incentive will be greatest for the least capitalistic methods of production (capital shallow- ing). Reaction to this creates the Ricardo effect, as investments are con- centrated upon less capitalistic...
Journal Article
History of Political Economy (1992) 24 (2): 538–540.
Published: 01 June 1992
... journals and university presses, which play a crucial role in the dissemination of economic ideas within the profession. In the course of spelling out his opinions of what academic publishers should be trying to accom- plish, Day provides an interesting analysis of how the incentives facing...
Journal Article
History of Political Economy (2000) 32 (1): 1–38.
Published: 01 March 2000
.... Dupuit accomplished the integration of economic theory with insti- tutions and policy in a context of empiricism, with several related inno- vations: (1) the creation of property rights assignments as the center of incentive-based economic outcomes; (2) the invention...
Journal Article
History of Political Economy (1996) 28 (4): 559–581.
Published: 01 November 1996
... of income tax exemptions and inheritance taxes which would preserve a maximum of incentives, a minimum of “drag” on the economic system, and long-term distributive justice? This article focuses on two interesting puzzles related to Mill’s well- known stance on general tax policy. First, why did...
Journal Article
History of Political Economy (1985) 17 (1): 31–34.
Published: 01 March 1985
... and the incentives to improve his economic condition: The peasant cannot avoid asking himself this question: “Why should I toil for a tyrant who may come tomorrow and lay his rapacious hands upon all I possess and value, without leaving me, if such should be his humor, the means to drag...