Unnatural Extinction: The Rise and Fall of the Independent Local Union

This article analyzes what happened to independent local unions (ILUs), also known as company unions, since 1935. After providing a statistical analysis of ILU membership since 1935, the article looks at the factors that shaped membership trends: changes in labor law, the characteristics of ILUs, worker attitudes toward ILUs, and employers' industrial relations policies. New evidence is presented that suggests that even those employers who still favored ILUs in the 1950s were orienting them away from collective bargaining and toward the "new nonunion model" of the 1960s and 1970s.     

Rational expectations and the econometric modeling of markets subject to uncertainty: A Bayesian approach

Rational expectations theory is synthesized with Bayesian econometric theory to yield econometrically relevant models of competitive markets subject to uncertainty. The theory is used to derive both optimal estimators of the parameters of a Cobb-Douglas production function from time series data, and the equilibrium predictor of a future price. It is shown that a rational expectations price predictor is always an unbiased predictor, but that the converse is not true. It is also shown that the rational expectations equilibrium is a natural extension of the usual notion of a competitive equilibrium.     

An Empirical Model of Land Use Change in China

The aim of this paper is to develop an empirical model of land use change that integrates the growth of regional economy and land use change in a developing country such as China. The concept of ecological growth in terms of regional resources and population is introduced to make an empirical model of land use changes. It is shown that the model might be an efficient tool to analyze and predict regional land use change, and that the policies based on it can play an important role in land use change in China.     

Cooperation and conflict between industrial sales and production

This study examines the potential for cooperation between the sales and production functions in the composite can and tube industry. The interfunctional communications perceptions, role-partner choices, and personal value attributions of incumbents in four key positions are examined. While perceptions, choices, and attributions are found to interact differently in different positions, the overall effect suggests a greater potential for conflict and dominance than for cooperation.     

Vermont's Act 250 legislation: a citizen-based response to rapid growth and development

Unregulated land development, dramatic increases in population, soaring land prices, and environmental degradation are significant factors responsible for the widespread concern among Vermonters that the state is losing its distinctive rural character and its small, picturesque villages. The citizen legislature responded by adopting Act 250, Vermont's principal land development and land use law. This paper describes the events leading to the passage of this law, examines the major components of this progressive legislation, and analyzes its effectiveness in protecting Vermont's natural resources.     

Do free-market economists practice what they teach?

Conclusion There is then a fundamental inconsistency between theory and application for political economists who both rely on standard microeconomics for their support of the free market and scorn government intervention. Theory matters in free-market critiques of public policy. It matters, however, not only in determining the content of those critiques, but also, from a methodological standpoint, in the sense of whether the world-view presupposed by theory is one that leaves room for any meaningful critique to take place at all. It should not be news that the authorities in charge of public policy are ignorant. Surprisingly, if we start from the presumptions of perfect-knowledge economics we would be logically led to conclude that those authorities indeed never make mistakes, or if they do that it must have been planned that way all along. Fortunately, political economists working in the Austrian tradition are, as they have been since B?hm-Bawerk’s and Mises’s devastating critiques of Marxian economics and socialism, free from having to maintain this curious point of view. He also studied with Professor Sennholz at Grove City College.     

Consumer socialization and frequency of shopping with children

This study examines co-shopping frequency (mothers shopping with children) from a consumer socialization perspective. It also compares consumer orientations and socialization behaviors of heavier, moderate and lighter co-shoppers. Results indicate that these groups differ in desires to develop children’s consumer competence, consumer roles played by children, consumption motivations and values, and potential efforts to mediate marketing influence.     

Introductory Essay for a Symposium on “Urban Interventionism”

The Review of Austrian Economics -