Comments

By Jerry H. Tempelman, Hendrik Bessembinder, and William Maxwell

Journal of Economic Perspectives, Fall 2008

Women on Boards in Finance and STEM Industries

By Renée B. Adams and Tom Kirchmaier

American Economic Review, May 2016

We document that women are less represented on corporate boards in Finance and more traditional STEM industry sectors. Even after controlling for differences in firm and country characteristics, average diversity in these sectors is 24% lower than the mea...

Retrospectives: Economists and the Fed: Beginnings

By Perry Mehrling

Journal of Economic Perspectives, Fall 2002

As usually understood, the significant debate over the founding of the Fed was between advocates of the real bills doctrine and advocates of the quantity theory of money. This understanding however conflates two different distinctions: one between the ban...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Fall 2002

Comments: Pricing and Cost of Electronics Journals

Journal of Economic Perspectives, Fall 2002

Notes

Journal of Economic Perspectives, Fall 2002

The Consumer Price Index: Conceptual Issues and Practical Suggestions

[Symposium: Consumer Price Index]

By Charles L. Schultze

Journal of Economic Perspectives, Winter 2003

A National Academy of Sciences Panel recently made a number of recommendations to the BLS for improving the Consumer Price Index, while also suggesting some cautions to be observed when considering the adoption of new concepts and techniques. This paper d...

Durable Goods Theory for Real World Markets

By Michael Waldman

Journal of Economic Perspectives, Winter 2003

The early 1970s witnessed three major advances in durable-goods theory--Swan (1970, 1971) and Sieper and Swan (1973) on optimal durability, Coase (1972) on time inconsistency, and Akerlof (1970) on adverse selection. This paper surveys durable goods theor...

Retrospectives: Whatever Happened to the Cambridge Capital Theory Controversies?

By Avi J. Cohen and G. C. Harcourt

Journal of Economic Perspectives, Winter 2003

We argue that the Cambridge capital theory controversies of the 1950s to 1970s were the latest in a series of still-unresolved controversies over three deep issues: explaining and justifying the return to capital; Joan Robinson's complaint that, due to pa...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Winter 2003

Comments

Journal of Economic Perspectives, Winter 2003

Notes

Journal of Economic Perspectives, Winter 2003

The Fall of Enron

[Symposium: Enron and Conflict of Interest]

By Paul M. Healy and Krishna G. Palepu

Journal of Economic Perspectives, Spring 2003

The financial reporting and disclosure problems at Enron, as well as the high market valuations for its stock raise troubling questions about the functioning of capital market intermediaries, regulators and governance experts whose are supposed to ensure ...

Corporate Earnings: Facts and Fiction

[Symposium: Enron and Conflict of Interest]

By Baruch Lev

Journal of Economic Perspectives, Spring 2003

Manipulated earnings played a central role in the slew of corporate scandals which surfaced during the last three years. This article focuses on the vulnerability of earnings to manipulation by managers: it surveys the empirical record of manipulation, th...

Contracts Between Art and Commerce

[Symposium: Cultural Economics]

By Richard E. Caves

Journal of Economic Perspectives, Spring 2003

Contract structures used in the arts and entertainment industries are central to understanding their economic organization. The structures spring from common bedrock traits of these industries--pervasive product differentiation, all costs sunk, consumers'...

Some Economics of Ticket Resale

[Symposium: Cultural Economics]

By Pascal Courty

Journal of Economic Perspectives, Spring 2003

A large number of brokers and scalpers resell a significant fraction of event tickets at substantial markups and they manage to do so despite the fact that promoters and ticketing agencies do not support resell for profits and often attempt to block secon...

Awards, Success and Aesthetic Quality in the Arts

[Symposium: Cultural Economics]

By Victor Ginsburgh

Journal of Economic Perspectives, Spring 2003

The role of experts is dramatically increasing in our societies, where sorting information about quality is becoming more and more difficult. This paper looks at expertise in the arts (movies, novels and musical interpretation) and shows that expert opini...

Perspectives from the President's Commission on Social Security Reform

By John F. Cogan and Olivia S. Mitchell

Journal of Economic Perspectives, Spring 2003

Recently we were asked to serve on the President's Commission to Strengthen Social Security (CSSS) along with 14 other members drawn equally from both major political parties. The Commission's charge was to provide recommendations to modernize the Social ...

Policy Watch: The Expanding Reach of the Individual Alternative Minimum Tax

By Leonard E. Burman, William G. Gale, and Jeffrey Rohaly

Journal of Economic Perspectives, Spring 2003

The individual alternative minimum tax (AMT) was designed in 1970 to apply reduce aggressive tax sheltering, but under current law will grow to cover tens of millions of households in the next decade. The growth occurs because the AMT is not indexed for i...

History Lessons: Sanctions - Neither War nor Peace

By Lance Davis and Stanley Engerman

Journal of Economic Perspectives, Spring 2003

This paper surveys the increasing international use of sanctions over the past century. Sanctions are a form of action taken by one state or by collective action to influence another state to change its behavior, as a substitute for welfare. They generall...