The Henry George Theorem and the Entrepreneurial Process: Turning Henry George on his Head

This chapter offers an interpretation of the Henry George Theorem (HGT) that brings it squarely into the study and analysis of entrepreneurship somewhat loosening its ties to the subfield of urban economics. I draw on the pioneering work of Spencer Heath whose insights about the viability of proprietary communities were developed further by his grandson, Spencer Heath MacCallum who, in 1970, recognized that private real estate developers sometimes make their capital gains (mostly) by creating useful public spaces that others enjoy. I also draw inspiration from Fred Foldvary's effort in 1994 to synthesize the pubic goods problem in economics with the Henry George Theorem in urban economics. While the real estate owner—developer does emerge on my pages in a somewhat more favourable light than as originally portrayed by Henry George in his Progress and Poverty in 1879, I offer a realistic appraisal of the duplicitous behaviours required of such entrepreneurs. in the context of the modern regulatory state. Real estate development remains a 'hot button' item in local politics, and real estate developers must become genuine 'political entrepreneurs' if they are to complete their projects in a timely way and capture business profits. It is a complicated story that the HGT helps make intelligible in terms of human action.     

A proposed set of nine regions for the United States and the inequality of population densities

A nine-region division of the United States is discussed and compared with the U.S. Census and BEA (Bureau of Economic Analysis) regional groupings. The discussion includes the population density of the regions as well as the inequality of the population densities between and within regions. First version received: October 1999/Final version received: February 2000     

Price Theory and the Study of Deception in the Exchange Process

The general equilibrium approach in orthodox economics largely abstracted from the passing of time. In a timeless world, strategy and deception are difficult to define. The mainstream analysis of the second half of the twentieth century was mostly about establishing the limits within which price ratios might profitably vary in a world where people keep promises and are honest. Curiously, another group of milestones (some of which date back to the 1920s and 1930s) exist that, when taken together, may spark a renewed interest in the economics of fraud and deception.     

The Scope for Fuel Substitution in Manufacturing Industries: A Case Study of Chile and Colombia

This article analyzes plant-level panel data from Chile andColombia to assess how manufacturers might respond to carbontaxes and other policies that induce substitution between cleanand dirty fuels. Is producer flexibility linked with sectorof activity, capital vintage, or rates of new capital formation?When adjustments in energy use occur, are they accomplishedthrough changes in factor proportions for individual producers,changes in the output shares of producers within an industry,or changes in the relative production levels of different manufacturingindustries? Patterns of energy use within and between industriesshow that fiscal policies can significantly influence the leveland mixture of energy use among manufacturers.     

创新：企业发展中的经典陷阱

创新虽然已经不是什么最新的时尚了,但是在公司的战略计划中,每隔几年就会出现在最要紧的位置上.公司的每一代管理者都同样怀着对新事物的热情,与此同时,在克服创新所带来的困境时,也都面临着同样的挑战.有关创新的豪言壮语发布之后,通常都是落入俗套的行动计划,最终必然毫无建树,而创新的团队就会随着公司的裁员计划悄悄消失.这种现象是普遍发生的.创新已经成为企业发展中最容易陷入的误区之一.总结起来,自上个世纪70年代起,全球范围内的创新活动已经经历了四个不同的历史时期.     

A note on individual choice models of migration

In this paper individual probabilistic choice models are developed for the decision to migrate and the choice among alternative destinations. The models are developed to investigate how characteristics of decision makers and of alternative destinations affect choice. Several migration models in the literature (e.g., mover-stayer models) are shown to be special cases, their behavioral assumptions are made explicit, and a framework for testing these assumptions is provided.