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Industrial Restructuring with Job Security
How can workers retain job security in an industry currently experiencing extensive restructuring and retrenchment? In the United States, massive layoffs in the 1980s in industries …
Canada In The World Economy
In his study of Canada, John A. Stovel examines the changes in that country’s balance of payments and balance of trade from confederation to the present day, including as part of …
Economic Analysis of Product Innovation
One of the most striking features of contemporary industrial economies is their ability to offer an ever-expanding and improving range of products. Personal computers, tiny …
Direct Taxation in Austria
The Economics of Multi-Plant Operation
Why should manufacturing firms in many national industries maintain multiple small scale plants when they might produce the same output at a lower unit cost in a single large …
General Equilibrium of International Discrimination
Perhaps the most important economic development of recent years has been the integration process engaged in by European countries. Today other groups of countries throughout the …
British Monetary Policy and the Balance of Payments, 1951–1957
A detailed study of the revolution in Bank of England policy resulting from the government’s response to the 1954–55 balance-of-payments crisis, this is a first independent …
Advertising and Market Power
The current debate over the economics of advertising has long focused on two questions. The first concerns the impact of advertising on the relative positions of large and small …
Investment and Production
Developing a unified theory of production and investment, Vernon L. Smith explores the empirical and theoretical nature of the interdependence between “short-run” current account …
United States v. United Shoe Machinery Corporation
Carl Kaysen offers a penetrating economic analysis of the issues in the civil antitrust suit brought by the United States Government against the United Shoe Machinery Corporation …