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Journal Article
History of Political Economy (1991) 23 (1): 79–83.
Published: 01 March 1991
... CCC 0018-2702/91/$1.50 Pay-as-You-Go, Partial Prefunding , and Full Funding in American Social Security Bruno Stein In a paper on pensions, published in this journal several years ago, J. H. Petersen made some historical errors regarding the 1935 origins of the Social Security Act’s...
Journal Article
History of Political Economy (2012) 44 (3): 451–469.
Published: 01 September 2012
... that most of the “monies” used in England (and Scotland) were merely promises to pay. References Acaster E. J. T. 1974–75 . “ Henry Thornton—the Banker .” Pts. 1–3 . Three Banks Review 104 : 46 – 57 ; 105:38–52; 106:51–61 . Arnon Arie . 2009 . “ Reexamination of Thornton’s...
Journal Article
History of Political Economy (2013) 45 (2): 223–254.
Published: 01 June 2013
... in the presence of externalities. We show that, in contrast with what most economists admit, Buchanan argued that, even if externalities are a cause of ``market failures,'' this cannot be used to legitimate the intervention of the state, because individuals tend to pay for the external effects their actions...
Journal Article
History of Political Economy (2017) 49 (2): 347–381.
Published: 01 June 2017
... in corporate management and governance of the last decades of the twentieth century—from the junk bond market in the 1980s to the exponential growth of CEO pay in the 1990s to the shareholder value management strategies of the 2000s. While debates about the spread of neoliberal ideas and governance tools have...
Journal Article
History of Political Economy (2020) 52 (4): 773–793.
Published: 01 August 2020
... that the chartalist theory, as developed by Knapp in his book, did not really argue that means of payment were necessarily a creation of the state. A close reading of his book reveals that means of payment could emerge outside the state and that even other pay-communities were able to create chartal means of payment...
Journal Article
History of Political Economy (2017) 49 (Supplement): 34–57.
Published: 01 December 2017
... and 2007–8. We also show that, despite the partial abandonment of theory by applied microeconomists, the labor market for economists still pays a wage premium to theorists. Correspondence may be addressed to Jeff E. Biddle, Department of Economics, Michigan State University, E. Lansing, MI 48824; e...
Journal Article
History of Political Economy (2019) 51 (1): 173–182.
Published: 01 February 2019
...Donna Zapf As dean of Duke University’s Graduate School, Craufurd Goodwin initiated the foundation of a Graduate Liberal Studies program. This essay pays tribute to his contribution to the program as an administrator and teacher over three decades. It describes Goodwin’s thoughts about graduate...
Journal Article
History of Political Economy (2019) 51 (1): 155–168.
Published: 01 February 2019
...Robert Leonard This paper offers a personal portrait of Craufurd Goodwin as PhD supervisor and then professional colleague, over the period from the late 1980s until his sad demise in 2017. Paying due homage to the man, it gives some insight into his character and academic style. Correspondence...
Journal Article
History of Political Economy (2021) 53 (5): 799–832.
Published: 01 October 2021
...Cléo Chassonnery-Zaïgouche; Annie L. Cot This article describes the evolution of Edgeworth’s thought on women’s wages and on the principle of “equal pay for equal work.” We first document Edgeworth’s early works on “exact utilitarianism” as an epistemic basis for his reflections upon women’s wages...
Journal Article
History of Political Economy 293–323.
Published: 26 August 2021
... as the contingent valuation method. Initially, this method asked respondents directly about their willingness to pay for a realistically described recreational amenity. When contingent valuation became used for valuation studies of environmental and health issues in a regulatory and legal framework, initial support...
Journal Article
History of Political Economy (2008) 40 (1): 73–110.
Published: 01 March 2008
...Christophe Depoortère Historians of economic thought who try to connect Ricardo's method with a philosophy generally focus on associationism and pay no attention to Dugald Stewart's influence. In point of fact, Ricardo's method can be connected with Stewart's teaching through his connection...
Journal Article
History of Political Economy (1983) 15 (4): 519–528.
Published: 01 November 1983
... purposes, the second part of the undertaking is the central one. Under its terms the husband must pay a fixed sum of money to his wife in case he divorces her, or alternatively his heirs must pay the same amount in case he predeceases her. The only instance in which a woman will not be able...
Journal Article
History of Political Economy (1986) 18 (3): 405–417.
Published: 01 September 1986
.... bill on the grounds that the merits of a fully funded, self-supporting program outweighed other considerations. Four years later, before any benefits had been paid, the old-age insurance program was overhauled. The fund was eliminated in favor of a pay-as-you-go system, and individual equity...
Journal Article
History of Political Economy (1991) 23 (1): 87–92.
Published: 01 March 1991
... on the Issue of Funding versus Pay-as-You-Go. Scandinavian Economic History Review 36 : 15 -25. Sanders , Daniel S. 1973 . The Impact of Reform Movements on Social Policy Change: The Case of Social Insurance . Fair Lawn, N.J. Schiltz , Michael 1970 . Public Attitudes toward Social...
Journal Article
History of Political Economy (2008) 40 (1): 183–200.
Published: 01 March 2008
... (see Kleiman 1987). Thus, if A accidentally destroys B’s arm, A must pay B the difference between the value of a slave (in the same profession as B) Correspondence may be addressed to Jeffrey L. Callen, Rotman School of Management, Uni- versity of Toronto, 105 St. George Street, Toronto, Ontario...
Journal Article
History of Political Economy 37–73.
Published: 10 November 2021
... equally desire an antique book at auction, the one with the larger wealth will carry it.7 Willingness to pay value directly measures opportunity cost, or foregone purchases. Hence, it is a reservation price as clarified by French authors, such as Jules Dupuit (1844: 343), as a maximum willingness to pay...
Journal Article
History of Political Economy (1993) 25 (3): 531–536.
Published: 01 September 1993
... . Social Security's Funding Basis: Fiction and Fact. Proceedings, Conference of Actuaries in Public Practice 39 : 272 . Schaumburg, Ill.: Conference of Actuaries in Public Practice. Myers , Robert J. 1991 . Pay-As-You-Go Financing for Social Security Is the Only Way to Go. Journal...
Journal Article
History of Political Economy (1983) 15 (3): 423–449.
Published: 01 September 1983
... themselves in, Mill argued, “the checks to population may almost be considered as non-existent 4 Like most classical economists, Mill treated the capitalist economic sys- tem as one in which the capitalist class accumulates and advances capital to workers, and pays the workers’ wages. He...
Journal Article
History of Political Economy (1991) 23 (1): 85–86.
Published: 01 March 1991
... insurance scheme, the mandatory contributions of a government scheme would be saved and invested in an accumulating physical capital stock. Government saving would in- deed replace the lost private saving. By contrast the pay-as-you-go principle requires social security con- tributions...
Journal Article
History of Political Economy (1987) 19 (2): 261–287.
Published: 01 June 1987
... prescribed when no permanent injury ensued: [A] When men quarrel, and one strikes the other with a stone or with his fist and the man does not die but keeps his bed, then if this man rises again and walks abroad with his staff, he that struck him shall be clear; only he shall pay...