Showing papers in "Journal of Economic Issues in 1968"
TL;DR: It is not the goal of a democracy that every citizen be the equivalent of a brain surgeon or a top executive as discussed by the authors, but rather that every individual fulfill his own potentialities and live a meaningful and satisfying life in the context of those potentialities.
Abstract: It is not the goal of a democracy that every citizen be the equivalent of a brain surgeon or a top executive. It is the goal of a democracy that every individual fulfill his own potentialities and live a meaningful and satisfying life in the context of those potentialities. The important thing is that he have the kinds of experience and education that will bring out the best that is in him. College will do this for some kinds of people with some kinds of abilities. Other kinds of experience will do it for people with different abilities.
72 citations
TL;DR: The Rich and the Super Rich: A Study in the Power of Money Today as discussed by the authors is a study of the relationship between money and power in the United States, focusing on the super rich.
Abstract: (1968). The Rich and the Super Rich: A Study in the Power of Money Today. Journal of Economic Issues: Vol. 2, No. 4, pp. 455-457.
17 citations
17 citations
TL;DR: The concept of entrepreneurship in economic development has been studied extensively in the past 50 years as discussed by the authors, including the early 1970s and the 1990s, and it has been applied in many countries.
Abstract: (1968). The Concept of Entrepreneurship in Economic Development. Journal of Economic Issues: Vol. 2, No. 2, pp. 228-232.
16 citations
10 citations
TL;DR: In this article, the Axioms of Economics and the Claim to Efficiency are discussed. But they do not consider the claim to efficiency as an axiom in the claim-to-efficiency argument.
Abstract: (1968). Axioms of Economics and the Claim to Efficiency. Journal of Economic Issues: Vol. 2, No. 3, pp. 275-282.
8 citations
TL;DR: The Teaching of Development Economics: Its Position in the Present State of Knowledge as discussed by the authors, is an excellent survey of the state of the art in the field of development economics and its application in the real world.
Abstract: (1968). The Teaching of Development Economics: Its Position in the Present State of Knowledge. Journal of Economic Issues: Vol. 2, No. 1, pp. 122-125.
8 citations
8 citations
TL;DR: In this article, overhead capital is studied in the context of development economics and the authors present a study of overheads in overheads capital in the field of economic issues, including the following:
Abstract: (1968). Overhead Capital: A Study in Development Economics. Journal of Economic Issues: Vol. 2, No. 2, pp. 261-263.
8 citations
TL;DR: The Association for Evolutionary Economics (AEA) as discussed by the authors is a general organization with 15,000 members, and it has a jurisdiction as wide as that of the American Economic Association.
Abstract: The task I have set myself on this occasion is audacious and difficult: perhaps more audacious than difficult, yet difficult enough. Briefly stated I am taking on the job of answering this question: What is the function of the Association for Evolutionary Economics? As you are aware, this Association has grown from something less than nothing at all to a respectably-sized organization with a journal, a treasury and printed letterheads. The question, "What path do we follow now?" would be too easy to answer if we were a highly specialized group-for example, students of antitrust or transport, or if we had a specialized methodology like econometrics. Our Association is a general organization; it has a jurisdiction as wide as that of the American Economic Association with its 15,000 members. We are, in a sense, a dual union to the AEA. In the old days of Gompers and Green, the approved fate of dual unionism was instant death; what must we do in this era of Samuelson and Friedman to prove our right to survive? I believe that the central effort of our group must be to work toward the attainment of a more harmonious relationship between slowly changing institutions and a dynamic technology and also toward a more harmonious relationship among changing institutions. I shall take an example of each to indicate clearly what I mean. An extremely simple case of the gap between technology and institutions is to be found in American agriculture. Technology allows us to produce abundantly; our institutions prevent us from disposing of the abundance rationally. That was an easy one. An example of the second maladjustment, one relating to uneven rates of change, is to be found in our newer attitudes toward the relations between the sexes. We have come to accept divorce calmly (indeed, every fourth person in this room ought to be a divorce if we are a normal group), and we accept intimacy between young unmarried persons with increasing equanimity. This is institutional change: perhaps good, I would not know. However, I must observe that certain other appropriate institutional changes have not kept up with our toleration and equanimity. We still have the often inequitable institution of alimony. We still forbid abortion but do not know quite what to do with illegitimate children. The costs of changed social attitudes too often fall on
7 citations
TL;DR: In this article, American Unionism: From Protest to Going Concern, the authors discuss the transition from protest to going concern, and present an alternative approach to protest-to-going-concerned.
Abstract: (1968). American Unionism: From Protest to Going Concern. Journal of Economic Issues: Vol. 2, No. 1, pp. 45-59.
TL;DR: The Price System and Public Policy (PSP) as discussed by the authors is a public policy framework for the price system and public policy. Journal of Economic Issues: Vol. 2, No. 3, pp. 342-344.
Abstract: (1968). The Price System and Public Policy. Journal of Economic Issues: Vol. 2, No. 3, pp. 342-344.
TL;DR: In this article, the authors present a survey of economic development, economic development and economic anthropology in the context of the Vietnam War, focusing on the following topics: economics, economics development, and economics anthropology.
Abstract: (1968). Economics, Economic Development, and Economic Anthropology. Journal of Economic Issues: Vol. 2, No. 2, pp. 173-186.
TL;DR: The report of the National Advisory Commission on Civil Disorders (NACD) as mentioned in this paper is a review article of the 1968 NACD report on civil disorders, published in the Journal of Economic Issues: Vol. 2, No. 2, pp. 200-210.
Abstract: (1968). Report of the National Advisory Commission on Civil Disorders: A Review Article. Journal of Economic Issues: Vol. 2, No. 2, pp. 200-210.
TL;DR: In this article, the authors present an essay on the American economic and social order, which is based on the Monopoly Capital: An Essay on American Economic and Social Order.
Abstract: (1968). Monopoly Capital: An Essay on the American Economic and Social Order. Journal of Economic Issues: Vol. 2, No. 1, pp. 94-97.
TL;DR: In this paper, trade liberalization among industrial countries: Objectives and Alternatives is discussed, with a focus on the role of the United States in the trade liberalisation process.
Abstract: (1968). Trade Liberalization among Industrial Countries: Objectives and Alternatives. Journal of Economic Issues: Vol. 2, No. 3, pp. 349-351.
TL;DR: In this article, the authors present Institutionalism in the Folklore of Capitalism: A Critique of Thurman W. Arnold, a critic of Arnold's "Institutionalism of Capitalism".
Abstract: (1968). Institutionalism in the Folklore of Capitalism: A Critique of Thurman W. Arnold. Journal of Economic Issues: Vol. 2, No. 4, pp. 423-434.
TL;DR: The Government and the Economy: 1783-1861 as discussed by the authors, Vol. 2, No. 4, pp. 447-448, is a seminal work in economics.
Abstract: (1968). The Government and the Economy: 1783-1861. Journal of Economic Issues: Vol. 2, No. 4, pp. 447-448.
TL;DR: The case of British colonial Africa is discussed in this paper, where Foreign Investment and Technological Diffusion: The Case of British Colonial Africa is considered. Journal of Economic Issues: Vol. 2, No. 4, pp. 403-415.
Abstract: (1968). Foreign Investment and Technological Diffusion: The Case of British Colonial Africa. Journal of Economic Issues: Vol. 2, No. 4, pp. 403-415.