Disequilibrium rational expectations: Examples of unemployment with inflation

In this paper, we present a simple dynamic general disequilibrium model which generates both unemployment and inflation as a stationary long-run equilibrium. Rational expectations (in the mean) are an essential part of this equilibrium. Policy remedies are examined. By means of an example, it is shown that rational expectations are consistent with depressed economic activity and that government policy can play an important role. It is entirely possible for inflation and unemployment to persist indefinitely.     

Explaining the Passage of Living Wage Legislation in the U.S.

Using data from various sources to describe 1,077 U.S. cities, I examine the adoption of living wage legislation between 1995 and 2006. I analyze both the decisions to adopt such legislation and the timing of such decisions. My principal finding is that, while the size and political identity of the community play a significant role, the adoption of living wage legislation is also significantly influenced by local economic circumstances. An important implication is that researchers who seek to measure the economic impacts of the legislation must allow for its endogeneity, in order to separate its economic effect(s) from its economic cause(s).     

Human resource utilization: A model based on east—west research

The transition from centralized command economies to market orientation requires many adaptations of thinking and practice. The question raised by this article is whether social science can make a useful contribution to the adjustment between two incompatible systems of organizing economic life. The first issue is how to handle the propensity to resist change which is based on a natural system preference for predictability and equilibrium. Second, if resistance can be overcome, can social science contribute to the establishment of a new and superior equilibrium? The Motivated Competence Model is outlined as a contribution toward a better utilization of competence. The model is supported by evidence from research on sociotechnical issues and democratic decision-making procedures. It is argued that while the evidence in support of these practices comes mainly from Western organizations, it includes research in Yugoslavia, and may be especially relevant to the rehabilitation of countries having to make radical changes.     

商业战略的领袖和驱动力量（一）

安德鲁·S．格罗夫和比尔·盖茨（Bill Gates）两人毫无疑义都是数字革命的主要设计师。虽然由于拥有富可敌国的财富,似乎盖茨的名声更加响亮,但事实上格罗夫更加无愧于这个称号。为     

AFRICAN TRANSITIONS AND THE RESOURCE CURSE: AN ALTERNATIVE PERSPECTIVE

Despite periodic rises in commodity prices, resource-rich African countries have been characterised by state failure and low long-term economic growth. Competing explanations for the resource curse are examined with a particular focus on political institutions. The effective privatisation of states is considered within an alternative theoretical framework of non-democratic governance and non-market economics. Given the nature of many African governments, international initiatives to encourage the development of effective markets and democracy may be inadequate to prevent increased resource rents from consolidating existing elites and their patronage regimes.