T Cowen - 2004 - books.google.com
A Frenchman rents a Hollywood movie. A Thai schoolgirl mimics Madonna. Saddam
Hussein chooses Frank Sinatra's" My Way" as the theme song for his fifty-fourth birthday. It is
a commonplace that globalization is subverting local culture. But is it helping as much as it ...
T Cowen - 1988 - books.google.com
All rights reserved under International and Pan-American Copyright Conventions. No part of
this book may be reproduced or transmitted in any form or by any means, electronic or
mechanical, including photocopy, recording, or any information storage and retrieval ...
[CITATION] Against the social discount rate
T Cowen… - Justice between age groups …, 1992 - Yale University Press, New Haven
T Cowen - 2000 - books.google.com
In a world where more people know who Princess Di was than who their own senators are,
where Graceland draws more visitors per year than the White House, and where Michael
Jordan is an industry unto himself, fame and celebrity are central currencies. In this ...
[CITATION] Markets in the firm: a market-process approach to management
T Cowen… - 1997 - Coronet Books Inc
T Cowen… - The Journal of Political Economy, 1987 - JSTOR
This paper looks into the history of economic thought to examine the forerunners of the" new
monetary economics." This approach emphasizes the role of regulations on private financial
intermediation in determining the particular institutional arrangements that contemporary ...
T Cowen… - Journal of Money, Credit and Banking, 1989 - JSTOR
ECONOMISTS HAVE BEGUN TO DEVOTE increasing attention to what the banking and
Elnancial system would look like if trends toward laissez-faire, through both deliberate
deregulation and Elnancial innovation, continue. One group of authors, who may be ...
T Cowen - Economics and Philosophy, 1992 - Cambridge Univ Press
Various writers in the Western liberal and libertarian tradition have challenged the argument
that enforcement of law and protection of property rights are public goods that must be
provided by governments. Many of these writers argue explicitly for the provision of law ...
T Cowen… - 1994 - getcited.org
An academic directory and search engine.
PB Cowen… - Cato Journal, 1998 - store.cato.org
Many citizens in developing and transition economies are excluded from enjoying safe and
reliable water supply. In many cities, 30 to 60 percent of the population has no formal water
hook-up at all, but rather must resort to wells, buckets, supply by tanker-trucks, and ...
T Cowen - 1997 - books.google.com
Risk and Business Cyclesexamines the causes of business cycles, a perennial topic of
interest within economics. The author argues the case for the revival of an important role for
monetary causes in business cycle theory, which challenges the current trend towards ...
T Cowen… - The American Economic Review, 1985 - JSTOR
The growing disillusionment with the Arrow-Hahn-Debreu model of general equilibrium has
led to an examination of alternative constructions. Among the alternatives that have recently
been studied are temporary equilibria, rational expectations equilibria, and the evenly ...
T Cowen… - Southern Economic Journal, 2000 - JSTOR
Artists face choices between the pecuniary benefits of selling to the market and the
nonpecuniary benefits of creating to please their own tastes. We examine how changes in
wages, lumpsum income, and capital-labor ratios affect the artist's pursuit of self- ...
T Cowen - Journal of Economic Behavior & Organization, 1989 - Elsevier
Abstract George Stigler and Gary Becker have attempted to eliminate the concepts of
changing preferences and varying preferences across individuals from economic theory. By
postulating a household production function (HPF), Stigler and Becker reinterpret ...
T Cowen - Economics and philosophy, 1993 - Cambridge Univ Press
Economists use tastes as a source of information about personal welfare and judge the
effects of policies upon preference satisfaction; neoclassical welfare economics is the
analytical embodiment of this preference sovereignty norm. For an initial distribution of ...
T Cowen - Journal of Cultural Economics, 1996 - Springer
The Climbing Costs of Health Care and Education" makes two central claims. First, a cost-
disease plagues relatively stagnant activities, such as the performing arts, health care, and
education. Second, the cost-disease argument explains some of the public policy ...
T Cowen - 2010 - books.google.com
Americans agree about government arts funding in the way the women in the old joke agree
about the food at the wedding: it's terrible--and such small portions! Americans typically
either want to abolish the National Endowment for the Arts, or they believe that public arts ...
[CITATION] Public goods and externalities: Old and new perspectives
T Cowen - The theory of market failure: A critical examination, 1988
T Cowen… - Journal of economic behavior & organization, 1996 - Elsevier
If an agent's compensation decreases sharply for observed shirking rates above a critical
level, shirking may increase the more information the principal has about the agent.
Furthermore, monitoring decisions may be deliberately assigned to poorly informed ...
T Cowen - Social Choice and Welfare, 1989 - Springer
Utilitarian and contractarian solutions to the problem of optimal population are examined
and shown to have unacceptable implications. As argued by Parfit, for instance,
utilitarianism may imply large numbers of people at a very low standard of living. An ...
T Cowen… - The Review of Austrian Economics, 1999 - Springer
Public goods production is not necessarily desirable and involves higher costs than is often
recognized. Specifically, public goods production may require that a small minority of
individuals can collude at the expense of others or impose strategic sanctions on non- ...
T Cowen - Ethics, 1991 - JSTOR
The rational choice literature on self-management and self-control postulates that persons
have multiple or shifting sets of preferences which vie for the power of control.'One
particularly influential version of the self-management problem bifurcates the individual ...
Market failure remains one of the most influential arguments for government intervention.
Throughout the twentieth century, most of the market failure arguments were based on
theories of public goods and externalities. These theories suggest that market participants ...
T Cowen - Review of Social Economy, 1985 - Taylor & Francis
A number of recent attempts have been made in this journal [Karni, 1976; Ekelund, 1977;
Walsh, 19811 to analyze the efficiency problems associated with the private provision of
public goods. An examination of other economics journals will quickly show that public ...
T Cowen… - Cato Journal, 1990 - Citeseer
Abstract Weexamine mutual fund banking as an alternative form offinancial intermediation.
Individuals would hold checkable deposits at financial intermediaries structured as mutual
funds. Although the nominal value of depositor holdings would not be fixed, risk could be ...
T Cowen - Social mechanisms: An analytical approach to social …, 1998 - books.google.com
In interpreting the question" Do economists use social mechanisms to explain?" I focus on
the phrase" social mechanisms" rather than on the word" explain." I take the explanatory
status of economic science as given and ask whether that enterprise uses social ...
B Caplan… - The American Economic Review, 2004 - JSTOR
Economic globalization has drawn fresh attention to cultural issues. The Uruguay Round of
trade negotiations debated whether there should be a protectionist" cultural exception" for
television and movies, as practiced by the French, Canadians, Brazilians, South Koreans, ...
T Cowen - 2008 - books.google.com
Tyler Cowen Is An Economist, Culture Vulture, Restaurant Critic And The Best Blogger In
The World. All Roles Are On Display In Discover Your Inner Economist. It'S Charming, Smart
And Very, Very Creative. And It Will Change Your Life In The Best Way: In Small Steps.' ...
[CITATION] Consequentialism implies a zero rate of intergenerational discount
T Cowen - Justice Between Age Groups and …, 1992 - Yale University Press, New Haven
T Cowen… - Constitutional Political Economy, 2005 - Springer
A successful reconstruction is characterized by a widespread coordination problem,
combined with potential pockets of conflict. We analyze the array of relationships that take
place in the reconstruction process–political, economic and social–by considering under ...
T Cowen - The University of Chicago Law Review, 2007 - JSTOR
A discount rate indicates how to compare future costs and benefits to current costs and
benefits. Insofar as the discount rate is high, we are counting future costs and benefits for
less. A zero discount rate, by definition, means that the future counts for as much as the ...
T Cowen… - Rationality and Society, 1996 - rss.sagepub.com
Abstract We consider the Baumol-Bowen cost-disease argument from the perspective of an
artist's occupational choice. Both theory and evidence suggest that the incentives to create
art do not diminish and probably increase in a growing market economy. First, ...
T Cowen… - The Review of Austrian Economics, 2005 - Springer
Caplan and Stringham (2002) attempt to rebut the “paradox of cooperation”(Cowen and
Sutter 1999) as it applies to libertarian anarchy. The paradox in the context of anarchy
implies that if private defense agencies can cooperate to avoid conflict they can also ...
T Cowen, A Glazer… - Journal of Public Economics, 2000 - Elsevier
We reexamine the common argument that rules produce greater credibility than discretion.
Rules limit the actions of agents, restricting observations of the agents' preferences or types.
In a second-best world, where rules cannot be everlasting, a regime of discretion in some ...
T Cowen… - Economic Inquiry, 1995 - Wiley Online Library
We consider the well-known theorem of Alchian and Allen that adding a per unit charge to
the price of two substitute goods increases the relative consumption of the higher price
good. The current literature misspecifies the conditions under which the theorem holds. ...
T Cowen - Public Choice, 2005 - Springer
I consider models of political failure based on self-deception. Individuals discard free
information when that information damages their self-image and thus lowers their utility.
More specifically, individuals prefer to feel good about their previously chosen affiliations ...
T Cowen - Philosophy & public affairs, 1997 - Wiley Online Library
1. TYLER COWEN is Professor of Economics at George Mason University. He has published
widely in economics and-rational choice ethics, and is the author of In Defense of
Commercial Culture (Harvard University Press, forthcoming). He is currently writing a book ...
T Cowen - Ethics, 1996 - JSTOR
In a series of articles on population theory, culminating in his 1984 book Reasons and
Persons, Derek Parfit presented dilemmas for utilitarian and consequentialist moral
theories.'Parfit's work has led to renewed interest in the theory of optimal population. More ...
T Cowen, A Glazer… - Economics & Politics, 1994 - Wiley Online Library
Public officials often have little incentive to spend time and effort proposing policies that benefit
others. When, however, some public policies generate rents to these officials. rent seeking in
politics can motivate them to provide public goods. We consider the motivational effects of ...
T Cowen… - Public Choice, 1998 - Springer
Right-wing politicians sometimes can implement policies that left-wing politicians cannot,
and vice versa. Contemporary wisdom has it that “only Nixon could have gone to China”. We
develop a model to explain this phenomenon. A policy issue could depend on information, ...
[CITATION] The Marshall Plan: Myths and Realities
T Cowen - US Aid to the Developing World: A Free Market Agenda, 1985
T Cowen - Economics and Philosophy, 1994 - Cambridge Univ Press
The received wisdom once stated that anarcho-capitalism would collapse into Hobbes's
state of nature, with life nasty, short, and brutish. The problem of competing governments is
the problem of externality par excellence. But David Friedman, among others, has argued ...
T Cowen - Public Choice, 2004 - Springer
Why is peace between the Israelis and the Palestinians so difficult to achieve? Does Bush's
“road map to peace” stand a chance? To address these queries I will step back and ask
some fundamental questions about war and conflict, from a public choice point of view. I ...
T Cowen… - Retribution and Reparation in the Transition to …, 2006 - gmu.edu
1 Waldron (1992) and Sher (1992) have been the two most influential pieces. Other articles
of interest include Lyons (1981), Morris (1984), Simmons (1995), Tucker (1995) and W
heeler (1997). Elster (1998) provides a clear survey of the broader issues behind ...
PB Cowen, T Cowen… - 1992 - nzbr.org.nz
The authors wish to thank Susan Begg, Hon David Caygill, Richard Epstein, Tom Gilligan, Gary
Hawke, Sir Kenneth Keith, Stephen Jennings, Roger Kerr, Chris Meads, Sir Geoffrey Palmer,
Mark Toma and Bryce Wilkinson for their comments on earlier drafts of this study. Tyler ...
T Cowen - Journal of Cultural Economics, 1996 - Springer
I examine and test hypotheses for the differential performance of men and women in the arts.
I consider whether observed outcomes are best accounted for by differing innate and
genetic endowments across the sexes, variations in training opportunities, maternal ...
T Cowen… - Journal of Economic Behavior & Organization, 2007 - Elsevier
We consider how the demand for esteem shapes behavior in the labor market. When
individuals care about what other people think of them, especially fearing bad evaluations,
they may prefer jobs that hide information about their qualities. We see how such a motive ...
T Cowen - Public choice, 2002 - Springer
When esteem is costless to supply, does it provide an effectivemeans of enforcing norms for
public goods production? I examine thebasic mechanics of an enforcement-through-esteem
model. Whileesteem may enforce norms to considerable degree, ...
T Cowen… - Public Choice, 1997 - Springer
Humans strive after fame, especially in politics. We construct a model in which the executive
is motivated by fame as well as the desire to hold office. The fame of an executive is based
on his or her achievements relative to all prior executives. Periods of great uncertainty for ...
T Cowen - Economics and hermeneutics, 1991 - books.google.com
Although non-Paretian approaches to welfare economics receive considerable attention
outside of mainstream economics, they have not received much critical scrutiny. Non-
Paretian welfare frameworks, while not necessarily wrong in their present form, are ...
T Cowen - Environmental Ethics, 2003 - Citeseer
Issues of animal rights and animal welfare have received increasing attention since the
publication of Peter Singer's Animal Liberation (1975). Since that time, numerous
philosophers and activists have argued that animal issues deserve closer attention. We ...
T Cowen - Journal of Cultural Economics, 2008 - Springer
Abstract The internet, the iPod, the cell phone, Kindle, blogs, computer games, and virtual
realities mean that cultural economics has changed an enormous amount in just the last five
years. I explain and analyze some of the implications of these changes.
T Cowen… - Theory and decision, 1988 - Springer
The assumption of bounded utility function resolves the St. Petersburg paradox. The
justification for such a bound is provided by Brito, who argues that limited time will bound the
utility function. However, a reformulated St. Petersburg game, which is played for both ...
T Cowen… - Journal of Economic Methodology, 2002 - mercatus.org
ABSTRACT We review literatures on agreeing to disagree and on the rationality of differing
priors, in order to evaluate the honesty of typical disagreements. A robust result is that
honest truth-seeking agents with common priors should not knowingly disagree. Typical ...
T Cowen - 2005 - books.google.com
This intriguing work explores the world of three amate artists. A native tradition, all of their
painting is done in Mexico, yet, the finished product is sold almost exclusively to wealthy
American art buyers.< br>< br> Cowen examines this cultural interaction between Mexico ...
T Cowen - Critical Review, 1989 - Taylor & Francis
Defenders of laissez‐faire have not successfully explained the historical experience of the
Great Depression. Unemployment was widespread and persistent and cannot be ascribed
to government intervention. Legal restrictions offer at best a partial explanation of why real ...
T Cowen - Altruism, 1993 - Cambridge Univ Press
Individuals frequently give gifts or make transfers to others for altruistic reasons. Parents
devote time to raising their children, spouses make sacrifices on each other's behalf, and
friends do favors for friends. We are also linked to many people indirectly because we ...
T Cowen - Public choice, 2006 - Springer
Abstract In some regards the production of terrorism resembles the production of culture,
especially television and theater. Terrorism is a spectacle produced for viewers, many of
whom live apart from the violent staged events. Spectacular theater and the telling of ...
T Cowen… - American Economic Review, 1991 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
T Cowen… - Defence and Peace Economics, 1992 - Taylor & Francis
Inefficient procurement can be an optimal second best means of encouraging public goods
production. In the absence of political rents, politicians have no motivation to incur the costs
of setting a procurement agenda. We construct a model where defense contractors earn ...
T Cowen… - Journal of Institutional and Theoretical Economics ( …, 1992 - JSTOR
This paper examines research in the early twentieth century German-language economics
literature which parallels and extends recent work in the New Monetary Economics. The
writers we identify focus upon the feasibility and desirability of alternative monetary ...
T Cowen - New York Times, 2007 - cce.uri.edu
The growing inequality in wealth and income has led many people to question whether the
contemporary American economy is rigged in favor of the rich. While there is little doubt that
the gap between the wealthy and everybody else has widened in recent years, the ...
T Cowen - 2011 - books.google.com
America is in disarray and our economy is failing us. We have been through the biggest
financial crisis since the Great Depression, unemployment remains stubbornly high, and talk
of a double-dip recession persists. Americans are not pulling the world economy out of its ...
[CITATION] How the United States funds the arts
T Cowen… - 2004 - National Endowment for the Arts
T Cowen - The Review of Austrian Economics, 2003 - Springer
I consider whether entrepreneurship is a distinct category within economic theory. More
generally, I consider the links between discussions of entrepreneurship and philosophic
debates over the nature of the aesthetic. For instance, Kant's attempt to elevate the ...
[CITATION] The Theory of Market Failure (Fairfax
T Cowen - Va.: George Mason, 1988
T Cowen - Journal of Money, Credit, and Banking, 1997 - JSTOR
I consider recent proposals that the government should attempt to stabilize the nominal
value of a CPI futures contract. Under a variety of conditions arbitrageurs will break the peg
and bankrupt the central bank, the central bank ends up in a gaming problem with private ...
T Cowen - New York Times, 2008 - cocolog-yoshi.cocolog-nifty.com
HARRY S TRUMAN once said he wanted to talk to a one-armed economist,“so that the guy
could never make a statement and then say:'on the other hand.'” Yet economic knowledge
continues to progress in unexpected ways. Here are a few of the things we learned in the ...
T Cowen - Social Philosophy and Policy, 2002 - Cambridge Univ Press
Does the welfare state help the poor? This surprisingly simple question often generates
more heat than light. By the welfare state, I mean transfer programs aimed at helping the
poor through the direct redistribution of income.(This excludes general economic policy, ...
T Cowen - Economics and Philosophy, 2007 - Cambridge Univ Press
How should we define the feasible set? Even when individuals agree on facts and values,
as traditionally construed, different views on feasibility may suffice to produce very different
policy conclusions. Focusing on the difficulties in the feasibility concept may help us ...
[CITATION] The Theory of Market Failure: A Critical Evaluation
T Cowen - 1988 - Fairfax, Virginia: George Mason …
DB Klein, T Cowen… - Economic Journal Watch, 2005 - econjournalwatch.org
THOMAS SCHELLING HAS BEEN ONE OF THE, AND IN MANY CASES the, pioneer in
developing the following ideas: coordination concepts, focal points, convention,
commitments (including promises and threats) as strategic tactics, the idea that strategic ...
T Cowen - New Zealand Business Roundtable Discussion …, 1998 - investigadores.cide.edu
Cost-benefit analysis is an analytic procedure which estimates the net economic value of a given
policy or project. It converts all costs and benefits into a monetary metric and then measures
whether the benefits outweigh the costs. ... Cost-benefit analysis may be characterised by ...
T Cowen - New York Times, 2008 - relooney.fatcow.com
THE financial crisis is a result of many bad decisions, but one of them hasn't received
enough attention: the 1998 bailout of the Long-Term Capital Management hedge fund. If
regulators had been less concerned with protecting the fund's creditors, our current ...
T Cowen - Society, 2006 - Springer
Tyler Cowen sues of animal welfare command public attention. rotests against animal
experimentation, mistreatment of animals in movies, or mistreatment of animals on farms,
occur in many countries. Sweden and Switzerland have enacted stronger minimum ...
[CITATION] The Economics of For-Profit Higher Education
T Cowen… - unpublished paper, Department of Economics, George …, 1999
[CITATION] French Kiss-Off. How protectionism has hurt French films
T Cowen - Reason, 1998
T Cowen… - 2010 - michaelmace.com
➢ The United States has set a price floor for milk above the equilibrium price. Has this led to
shortages or surpluses? How do you think the US government has dealt with this?(Hint:
remember the cartons of milk you had in elementary school and high school? What was ...
T Cowen - Financial Analysts Journal, 2009 - faculty.fairfield.edu
Nouriel Roubini (" Dr. Doom") and the late Hyman Minsky are often heralded as the
economic prophets of the current financial crisis. But there are also connections between
recent events and the work of Fischer Black (1938-1995). Best known for his seminal work ...
[CITATION] Why is income inequality in America so pronounced? Consider education
T Cowen - New York Times, 2007
T Cowen - Public Choice, 1990 - Springer
The economic effects of international conflict and war have been the subject of much debate.
Critics of militarism frequently cite the costs of wars and armaments; Reston (1988), for
instance, notes that the United States and the Soviet Union together spend over $1.5 ...
T Cowen - The elgar companion to Austrian economics, 1994 - books.google.com
Welfare economics, the normative side of economic science, encompasses the criteria for
analyzing economic policies and how to evaluate trade-offs using these criteria. In
neoclassical economics, welfare economics is based on the theory of Paretian optimality ...
[CITATION] To Know Contractors, Know Government
T Cowen - New York Times, 2007
T Cowen - Social Choice and Welfare, 1990 - Springer
Analogies are drawn between analyses of distribution where the number of individuals is
fixed and the number of individuals varies (ie, population theory); the theory of optimal
population is fundamentally a problem of distribution. I examine the use of Harsanyi's veil ...
T Cowen - New York Times, 2009 - teachersites.schoolworld.com
AS job losses mount and bailout costs run into the trillions, the social costs of the economic
downturn become clearer. The primary question, to be sure, is what can be done to shorten
or alleviate these bad times. But there is also a broader set of questions about how this ...
T Cowen… - 2009 - books.google.com
From the authors: See the Invisible Hand. Understand Your World. That's the tagline of
Modern Principles and our teaching philosophy. Nobel laureate Vernon Smith put it this way:
At the heart of economics is a scientific mystery… a scientific mystery as deep, ...
T Cowen - 2009 - books.google.com
One of the most respected behavioral economists in the world and coauthor of the “best
economics blog in the universe”* offers an essential guide to success in a radically new
hyper-networked age. How will we live well in a super-networked, information-soaked, yet ...
T Cowen - Politics, philosophy & economics, 2005 - ppe.sagepub.com
Abstract Geoffrey Brennan and Philip Pettit have produced a major work on the economics
of esteem, entitled The Economy of Esteem. 1 They show that much of social order depends
on our desire to have our fellow man think well of us. This review also considers some ...
[CITATION] Scottish free banking
T Cowen… - New Palgrave Dictionary of Money and Finance, …, 1992
[CITATION] Private sector participation options in the water sector in transition economies
K Zajc… - 1996 - K. Zajc
T Cowen - 2001 - gmu.edu
ABSTRACT The social discount rate typically consists of two components: differences in the
marginal utility of consumption across time, and the pure time preference rate as applied to
cardinal utility. Within this framework, intragenerational and intergenerational time ...
T Cowen… - The New York Times, …, 2008 - cato.org
There is a misconception that President Bush's years in office have been characterized by a
hands-off approach to regulation. In large part, this myth stems from the rhetoric of the
president and his appointees, who have emphasized the costly burdens that regulation ...
T Cowen… - 1998 - papers.ssrn.com
Abstract: We survey and evaluate explanations for the widespread use of the non-profit form
in higher education, including the subsidies hypothesis, the donative hypothesis, efficient
faculty monitoring, the trust hypothesis, and the reputation hypothesis. We confront the ...
J Schor… - 2010 - us.penguingroup.com
Juliet B. Schor True WealTh: How and Why Millions of Americans Are Creating a Time-Rich,
Ecologically Light, Small-Scale, High-Satisfaction Economy Penguin • 978-0-14-311942-5 Daniel
Yergin The QueST Energy, Security, and the Remaking of the Modern World Penguin ...
[CITATION] The Evolution of an Unregulated Payments System
T Cowen… - unpublished MS, Irvine, Cal.: University of California, …, 1988
T Cowen - Economic View, The New York Times, NYTimes. …, 2008 - relooney.fatcow.com
More than 400 million Chinese climbed out of poverty between 1990 and 2004, according to
the World Bank. India has become a rapidly growing economy, the middle class in Brazil
and Mexico is flourishing, and recent successes of Ghana and Tanzania show that parts of ...
[CITATION] 1988
T Cowen - The Theory of Market Failure: A Critical Examination
T Cowen - New York Times, 2006 - hss.caltech.edu
For instance, when humans are in a" positive arousal state," they think about prospective
benefits and enjoy the feeling of risk. All of us are familiar with the giddy excitement that
accompanies a triumph. Camelia Kuhnen and Brian Knutson, two researchers at Stanford ...
T Cowen… - Journal of Public Finance and Public Choice, 1999 - cenet.org.cn
Abstract: The costs of rent seeking exceed traditional measures when opportunity cost is
considered. When the quantity of resources consumed by rent seeking is large, rent seeking
draws consumer surplus out of alternative resource employments. The costs of rent ...
T Cowen… - Politics, Philosophy & Economics, 2003 - ppe.sagepub.com
Abstract It has been suggested that the production of public goods through a government
involves a circularity problem. Since government itself is a public good, how can we use
government to produce other public goods? Several solutions to this supposed circularity ...
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