OCLC Online Computer Library Center, Incorporated d/b/a OCLC is an American nonprofit cooperative organization "dedicated to the public purposes of furthering access to the world's information and reducing information costs". It was founded in 1967 as the Ohio College Library Center. OCLC and its member libraries cooperatively produce and maintain WorldCat, the largest online public access catalog in the world. OCLC is funded by the fees that libraries have to pay for its services. OCLC maintains the Dewey Decimal Classification system. OCLC began in 1967, as the Ohio College Library Center, through a collaboration of university presidents, vice presidents, library directors who wanted to create a cooperative computerized network for libraries in the state of Ohio; the group first met on July 5, 1967 on the campus of the Ohio State University to sign the articles of incorporation for the nonprofit organization, hired Frederick G. Kilgour, a former Yale University medical school librarian, to design the shared cataloging system.
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Ronald Harry Coase was a British economist and author. He was the Clifton R. Musser Professor of Economics at the University of Chicago Law School, where he arrived in 1964 and remained for the rest of his life, he received the Nobel Memorial Prize in Economic Sciences in 1991. Coase, who believed economists should study real markets and not theoretical ones, established the case for the corporation as a means to pay the costs of operating a marketplace. Coase is best known for two articles in particular: "The Nature of the Firm", which introduces the concept of transaction costs to explain the nature and limits of firms. Additionally, Coase's transaction costs approach is influential in modern organizational economics, where it was reintroduced by Oliver E. Williamson. Ronald Harry Coase was born in Willesden, a suburb of London, on 29 December 1910, his father, Henry Joseph Coase was a telegraphist for the post office, as was his mother, Rosalie Elizabeth Coase, before marriage. As a child, Coase had a weakness in his legs, for.
Due to this problem, he attended the school for physical defectives. At the age of 12, he was able to enter the Kilburn Grammar School on scholarship. At Kilburn, he studied for the intermediate examination of the University of London as an external student in 1927–29. Coase married Marion Ruth Hartung of Chicago, Illinois in Willesden, England, 7 August 1937. Although they were unable to have children, they were married 75 years until her death in 2012, making him one of the longest-married Nobel Prize laureates. Coase attended the London School of Economics, where he took courses with Arnold Plant and received a bachelor of commerce degree in 1932. During his undergraduate studies, Coase received the Sir Ernest Cassel Travelling Scholarship, awarded by the University of London, he used this to visit the University of Chicago in 1931–1932 and studied with Frank Knight and Jacob Viner. Coase's colleagues would admit that they did not remember this first visit. Between 1932–34, Coase was an assistant lecturer at the Dundee School of Economics and Commerce, which became part of the University of Dundee.
Subsequently, Coase was an assistant lecturer in commerce at the University of Liverpool between 1934–1935 before returning to London School of Economics as a member of staff until 1951. He started to work at the University at Buffalo and retained his British citizenship after moving to the United States in the 1950s. In 1958, he moved to the University of Virginia. Coase settled at the University of Chicago in 1964 and became the editor of the Journal of Law and Economics, he was for a time a trustee of the Philadelphia Society. He received the Nobel Prize in Economics in 1991. Nearing his 100th birthday, Coase was working on a book concerning the rise of the economies of China and Vietnam. In an interview, Coase explained the mission of the Coase China Society and his vision of economics and the part to be played by Chinese economists. Coase was honoured and received an honorary doctorate from the University at Buffalo Department of Economics in May 2012. Coase died in Chicago on 2 September 2013 at the age of 102.
His wife had died on 17 October 2012. He was praised across the political spectrum, with Slate Magazine calling him "one of the most distinguished economists in the world" and Forbes magazine calling him "the greatest of the many great University of Chicago economists"; the Washington Post called his work over eight decades "impossible to summarize" while recommending five of his papers to read. In "The Nature of the Firm", a brief but influential essay, Coase attempts to explain why the economy features a number of business firms instead of consisting of a multitude of independent, self-employed people who contract with one another. Given that "production could be carried on without any organization at all", Coase asks and under what conditions should we expect firms to emerge? Since modern firms can only emerge when an entrepreneur of some sort begins to hire people, Coase's analysis proceeds by considering the conditions under which it makes sense for an entrepreneur to seek hired help instead of contracting out for some particular task.
The traditional economic theory of the time suggested that, because the market is "efficient", it should always be cheaper to contract out than to hire. Coase noted, however, a number of transaction costs involved in using the market. Other costs, including search and information costs, bargaining costs, keeping trade secrets, policing and enforcement costs, can all add to the cost of procuring something from another party; this suggests that firms will arise which can internalise the production of goods and services required to deliver a product, thus avoiding these costs. This argument sets the stage for the contributions by Oliver Williamson: markets and hierarchies are alternative co-ordination mechanisms for economic transactions. There is a natural limit to what a firm can produce however. Coase notices "decreasing returns to the entrepreneur function", including increasing overhead costs and increasing propensity for an overwhelmed manager to make mistakes in resource allocation; these factors become countervailing costs to the use of the firm.
Coase argues that the size of a firm (as measured by how m
Prince Hamlet is the title role and protagonist of William Shakespeare's c. 1600 tragedy Hamlet. He is the Prince of Denmark, nephew to the usurping Claudius, son of King Hamlet, the previous King of Denmark. At the beginning of the play, he struggles with whether, how, to avenge the murder of his father, struggles with his own sanity along the way. By the end of the tragedy, Hamlet has caused the deaths of Polonius, Laertes and two acquaintances of his from the University of Wittenberg Rosencrantz and Guildenstern, he is indirectly involved in the deaths of his love Ophelia and of his mother Gertrude. The play opens with Hamlet depressed over the recent death of his father, King Hamlet, his uncle Claudius' ascension to the throne and hasty marriage to Hamlet's mother Gertrude. One night, his father's ghost appears to him and tells him that Claudius murdered him in order to usurp the throne, commands his son to avenge his death. Claudius sends for two of Hamlet's friends from Wittenberg, to find out what is causing Hamlet so much pain.
Claudius and his advisor Polonius persuade Ophelia—Polonius' daughter and Hamlet's love interest—to speak with Hamlet while they secretly listen. Hamlet enters. Ophelia greets him, offers to return his remembrances, upon which Hamlet questions her honesty and tells her to "get thee to a nunnery." Hamlet devises a test to see whether Claudius is guilty: he hires a group of actors to perform a play about the murder of a king in front of the royal court, has Horatio gauge Claudius' reaction. Claudius demands the play be stopped half through; when Claudius leaves the audience upset, Hamlet knows that the ghost was telling the truth. He follows Claudius into his chambers in order to kill him, but stops when he sees his uncle praying. A second attempt on Claudius' life ends in Polonius' accidental death. Claudius, now fearing for his life, sends Hamlet to England, accompanied by Rosencrantz and Guildenstern. Alone, Claudius discloses that he is sending Hamlet to his death. Prior to embarking for England, Hamlet hides Polonius' body revealing its location to the King.
Meanwhile, her father's death has driven Ophelia insane with grief, Claudius convinces her brother Laertes that Hamlet is to blame. He proposes a fencing match between the two. Laertes informs the king that he will further poison the tip of his sword so that a mere scratch would mean certain death. Claudius plans to offer Hamlet poisoned wine. Gertrude enters to report. In the Elsinore churchyard, two "clowns" represented as "gravediggers", enter to prepare Ophelia's grave. Hamlet arrives with Horatio and banters with one of them, who unearths the skull of a jester whom Hamlet once knew, Yorick. Ophelia's funeral procession approaches. Hamlet interrupts, grief for Ophelia, he and Laertes grapple. That day, Hamlet tells Horatio how he escaped death on his journey, disclosing that Rosencrantz and Guildenstern have been sent to their deaths instead. A courtier, interrupts to invite Hamlet to fence with Laertes. Despite Horatio's warnings, Hamlet accepts and the match begins. After several rounds, Gertrude toasts Hamlet, accidentally drinking the wine Claudius poisoned.
Between bouts, Laertes pierces Hamlet with his poisoned blade. Gertrude, in her dying breath, announces that she has been poisoned. In his dying moments, Laertes reveals Claudius' plot. Hamlet stabs Claudius with the poisoned sword, forces him to drink from his own poisoned cup to make sure he dies. In his final moments, Hamlet names Prince Fortinbras of Norway as the probable heir to the throne. Horatio attempts to kill himself with the same poisoned wine, but it was stopped by Hamlet, so he will be the only one left alive to give a full account of the story, he wills the throne of Denmark to Fortinbras before dying. The most straightforward view sees Hamlet as seeking truth in order to be certain that he is justified in carrying out the revenge called for by a ghost that claims to be the spirit of his father; the 1948 movie with Laurence Olivier in the title role is introduced by a voiceover: "This is the tragedy of a man who could not make up his mind." T. S. Eliot offers a similar view of Hamlet's character in his critical essay, "Hamlet and His Problems".
He states, "We find Shakespeare's'Hamlet' not in the action, not in any quotations that we might select, so much as in an unmistakable tone...". Others see Hamlet as a person charged with a duty that he both knows and feels is right, yet is unwilling to carry out. In this view, his efforts to satisfy himself on Claudius' guilt and his failure to act when he can are evidence of this unwillingness, Hamlet berates himself for his inability to carry out his task. After observing a play-actor performing a scene, he notes that the actor was moved to tears in the passion of the story and compares this passion for an ancient Greek character, Hecuba, in light of his own situation: O, what a rogue and peasant slave am I! Is it not monstrous that this player here, But in a fiction, in a dream of passion, Could force his soul so to his own conceit That from her working all his visage wan'd.
Richard Cantillon was an Irish-French economist and author of Essai sur la Nature du Commerce en Général, a book considered by William Stanley Jevons to be the "cradle of political economy". Although little information exists on Cantillon's life, it is known that he became a successful banker and merchant at an early age, his success was derived from the political and business connections he made through his family and through an early employer, James Brydges. During the late 1710s and early 1720s, Cantillon speculated in, helped fund, John Law's Mississippi Company, from which he acquired great wealth. However, his success came at a cost to his debtors, who pursued him with lawsuits, criminal charges, murder plots until his death in 1734. Essai remains Cantillon's only surviving contribution to economics, it was written around 1730 and circulated in manuscript form, but was not published until 1755. His work was translated into Spanish by Gaspar Melchor de Jovellanos in the late 1770s, considered essential reading for political economy.
Despite having much influence on the early development of the physiocrat and classical schools of thought, Essai was forgotten until its rediscovery by Jevons in the late 19th century. Cantillon was influenced by his experiences as a banker, by the speculative bubble of John Law's Mississippi Company, he was heavily influenced by prior economists William Petty. Essai is considered the first complete treatise on economics, with numerous contributions to the science; these contributions include: his cause and effect methodology, monetary theories, his conception of the entrepreneur as a risk-bearer, the development of spatial economics. Cantillon's Essai had significant influence on the early development of political economy, including the works of Adam Smith, Anne Turgot, Jean-Baptiste Say, Frédéric Bastiat and François Quesnay. While details regarding Richard Cantillon's life are scarce, it is thought that he was born sometime during the 1680s in County Kerry, Ireland, he was son to land-owner Richard Cantillon of Ballyheigue.
Sometime in the middle of the first decade of the 18th century Cantillon moved to France, where he attained French citizenship. By 1711, Cantillon found himself in the employment of British Paymaster General James Brydges, in Spain, where he organised payments to British prisoners of war during the War of Spanish Succession. Cantillon remained in Spain until 1714, cultivating a number of business and political connections, before returning to Paris. Cantillon became involved in the banking industry working for a cousin, who at that time was lead-correspondent of the Parisian branch of a family bank. Two years thanks in large part to financial backing by James Brydges, Cantillon bought his cousin out and attained ownership of the bank. Given the financial and political connections Cantillon was able to attain both through his family and through James Brydges, Cantillon proved a successful banker, specialising in money transfers between Paris and London. At this time, Cantillon became involved with British mercantilist John Law through the Mississippi Company.
Based on the monetary theory proposed by William Potter in his 1650 tract The Key of Wealth, John Law posited that increases in the money supply would lead to the employment of unused land and labour, leading to higher productivity. In 1716, the French government granted him both permission to found the Banque Générale and virtual monopoly over the right to develop French territories in North America, named the Mississippi Company. In return, Law promised the French government to finance its debt at low rates of interest. Law began a financial speculative bubble by selling shares of the Mississippi Company, using the Banque Générale's virtual monopoly on the issue of bank notes to finance his investors. Richard Cantillon amassed a great fortune from his speculation, buying Mississippi Company shares early and selling them at inflated prices. Cantillon's financial success and growing influence caused friction in his relationship with John Law, sometime thereafter Law threatened to imprison Cantillon if the latter did not leave France within twenty-four hours.
Cantillon replied: "I shall not go away. To that end, in 1718 Law and wealthy speculator Joseph Gage formed a private company centred on financing further speculation in North American real estate. In 1719, Cantillon left Paris for Amsterdam, returning in early 1720. Lending in Paris, Cantillon had outlying debt repaid to him in Amsterdam. With the collapse of the "Mississippi bubble", Cantillon was able to collect on debt accruing high rates of interest. Most of his debtors had suffered financial damage in the bubble collapse and blamed Cantillon—until his death, Cantillon was involved in countless lawsuits filed by his debtors, leading to a number of murder plots and criminal accusations. On 16 February 1722, Cantillon married Mary Mahony, daughter of Count Daniel O'Mahony—a wealthy merchant and former Irish general—spending much of the remainder of the 1720s travelling throughout Europe with his wife. Cantillon and Mary had two children, a son who died at an early age and a daughter, wife successively of the 3rd Earl of Stafford and the 1st Earl of Farnham.
Although he returned to Paris between 1729 and 1733, his permanent residence was in London. In May 1734, his residence in London was burned to the ground, it is assumed that Cantillon died in the fire. While the fire's causes are unclear, the most accepted theory is that Cantillon was murdered. One of Cantillon's biographers, Antoine Murphy, has advanced the alternative
William Jack Baumol was an American economist. He was a professor of economics at New York University, Academic Director of the Berkley Center for Entrepreneurship and Innovation, Professor Emeritus at Princeton University, he was a prolific author of more than eighty books and several hundred journal articles,Baumol wrote extensively about labor market and other economic factors that affect the economy. He made significant contributions to the theory of entrepreneurship and the history of economic thought, he is among the most influential economists in the world according to IDEAS/RePEc. He was elected a Fellow of the American Academy of Arts and Sciences in 1971. Baumol was considered a candidate for the Nobel Prize in Economics for 2003, Thomson Reuters cited him as a potential recipient in 2014, but he died without receiving the prize. Baumol was born in the South Bronx, his parents and Lillian, were both immigrants from Eastern Europe. Baumol studied at the City College of New York and was awarded his bachelor's degree in 1942.
After college, he served in the U. S. Army in World War II and worked for the Department of Agriculture as an economist, he was denied entry to the doctoral studies at the London School of Economics and was instead admitted to the Master's program. After witnessing his debating skills at Lord Lionel Robbins' seminars, he was within weeks switched to the doctoral program and admitted to the faculty as an Assistant Lecturer, his Ph. D. oral exam lasted five hours. While a professor at Princeton University he supervised some graduate students who would become well-known economists, including Burton Malkiel, William G. Bowen, Harold Tafler Shapiro. Among his better-known contributions are the theory of contestable markets, the Baumol-Tobin model of transactions demand for money, Baumol's cost disease, which discusses the rising costs associated with service industries, Baumol's sales revenue maximization model and Pigou taxes, his research on environmental economics recognized the fundamental role of non-convexities in causing market failures.
William Baumol contributed to the transformation of the field of finance, published contributions to the areas of efficiency of capital markets, portfolio theory, capital budgeting. The place of the disruptive innovations and innovative entrepreneurs in traditional economic theory presents theoretic quandaries. Baumol contributed to this area of economic theory; the 2006 Annual Meetings of the American Economic Association held a special session in his name, honoring his many years of work in the field of entrepreneurship and innovation, where 12 papers on entrepreneurship were presented. The Baumol Research Centre for Entrepreneurship Studies at Zhejiang Gongshang University is named after William Baumol. In 2003, Baumol received the Global Award for Entrepreneurship Research "or his persistent effort to give the entrepreneur a key role in mainstream economic theory, for his theoretical and empirical studies of the nature of entrepreneurship, for his analysis of the importance of institutions and incentives for the allocation of entrepreneurship."The British news magazine, The Economist published an article about William Baumol and his lifelong work to develop a place in economic theory for the entrepreneur, much of which owes its genesis to Joseph Schumpeter.
They note that traditional microeconomic theory holds a place for'prices' and'firms' but not for that important engine of innovation, the entrepreneur. Baumol is given credit for helping to remedy this shortcoming: "Thanks to Mr. Baumol's own painstaking efforts, economists now have a bit more room for entrepreneurs in their theories." William Baumol's book, The Microtheory of Innovative Entrepreneurship is the first formal theoretical analysis of the role of innovative entrepreneurs. Baumol wrote several textbooks in economics, including an introductory textbook with Alan Blinder titled Macroeconomics: Principles and Policy, his economics textbook on operations research was internationally well-received: In the 1960s and 1970s, nearly every economics department offered a course in operations research methods in economics, the usual textbook used was Economic Theory and Operations Analysis by W. J. Baumol. An entire generation of economics students was familiar with this book.... Baumol was a trustee of Economists for Security.
Baumol was known for his interests in the economics of art, including the economics of the performing arts. Baumol died on May 4, 2017 at the age of 95. "Community Indifference", 1946, RES "A Community Indifference Map: A construction", 1949, RES. "A Formalization of Mr. Harrod's Model", 1949, EJ. "The Analogy between Producer and Consumer Equilibrium Analysis", with Helen Makower, 1950, Economica. Economic Dynamics, with R. Turvey, 1951. "The Transaction Demand for Cash: An inventory-theoretic approach", 1952, QJE. "The Classical Monetary Theory: The outcome of the discussion", with G. S. Becker, 1952, Economica. Welfare Economics and the Theory of the State, 1952. "Firms with Limited Money Capital", 1953, Kyklos. Economic Processes and Policies, with L. V. Chandler, 1954. "More on the Multiplier Effect of a Balanced Budget", with M. H. Peston, 1955, AER. "Acceleration without Magnification", 1956, AER. "Variety in Retailing", with E. A. Ide, 1956 Management Science. "Speculation and Stability", 1957, REStat.
"Activity Analysis in One Lesson", 1958, AER. "On the Theory of Oligopoly", 1958, Economica. "Topology of Second Order Linear Difference Equations with Constant Coefficients", 1958, Econometrica. "The Cardinal Utility, Ordinal", 1958, EJ. Business Behavior, Value and
The Tragedy of Hamlet, Prince of Denmark shortened to Hamlet, is a tragedy written by William Shakespeare sometime between 1599 and 1602. Set in Denmark, the play depicts Prince Hamlet and his revenge against his uncle, who has murdered Hamlet's father in order to seize his throne and marry Hamlet's mother. Hamlet is Shakespeare's longest play and is considered among the most powerful and influential works of world literature, with a story capable of "seemingly endless retelling and adaptation by others", it was one of Shakespeare's most popular works during his lifetime and still ranks among his most performed, topping the performance list of the Royal Shakespeare Company and its predecessors in Stratford-upon-Avon since 1879. It has inspired many other writers—from Johann Wolfgang von Goethe and Charles Dickens to James Joyce and Iris Murdoch—and has been described as "the world's most filmed story after Cinderella"; the story of Shakespeare's Hamlet was derived from the legend of Amleth, preserved by 13th-century chronicler Saxo Grammaticus in his Gesta Danorum, as subsequently retold by the 16th-century scholar François de Belleforest.
Shakespeare may have drawn on an earlier Elizabethan play known today as the Ur-Hamlet, though some scholars believe Shakespeare wrote the Ur-Hamlet revising it to create the version of Hamlet we now have. He certainly wrote his version of the title role for his fellow actor, Richard Burbage, the leading tragedian of Shakespeare's time. In the 400 years since its inception, the role has been performed by numerous acclaimed actors in each successive century. Three different early versions of the play are extant: the First Quarto; each version includes entire scenes missing from the others. The play's structure and depth of characterisation have inspired much critical scrutiny. One such example is the centuries-old debate about Hamlet's hesitation to kill his uncle, which some see as a plot device to prolong the action but which others argue is a dramatisation of the complex philosophical and ethical issues that surround cold-blooded murder, calculated revenge, thwarted desire. More psychoanalytic critics have examined Hamlet's unconscious desires, while feminist critics have re-evaluated and attempted to rehabilitate the maligned characters of Ophelia and Gertrude.
The protagonist of Hamlet is Prince Hamlet of Denmark, son of the deceased King Hamlet, nephew of King Claudius, his father's brother and successor. Claudius hastily married King Hamlet's widow, Hamlet's mother, took the throne for himself. Denmark has a long-standing feud with neighbouring Norway, in which King Hamlet slew King Fortinbras of Norway in a battle some years ago. Although Denmark defeated Norway and the Norwegian throne fell to King Fortinbras's infirm brother, Denmark fears that an invasion led by the dead Norwegian king's son, Prince Fortinbras, is imminent. On a cold night on the ramparts of Elsinore, the Danish royal castle, the sentries Bernardo and Marcellus discuss a ghost resembling the late King Hamlet which they have seen, bring Prince Hamlet's friend Horatio as a witness. After the ghost appears again, the three vow to tell Prince Hamlet; as the court gathers the next day, while King Claudius and Queen Gertrude discuss affairs of state with their elderly adviser Polonius, Hamlet looks on glumly.
During the court, Claudius grants permission for Polonius's son Laertes to return to school in France and sends envoys to inform the King of Norway about Fortinbras. Claudius scolds Hamlet for continuing to grieve over his father and forbids him to return to his schooling in Wittenberg. After the court exits, Hamlet despairs of his mother's hasty remarriage. Learning of the ghost from Horatio, Hamlet resolves to see it himself; as Polonius's son Laertes prepares to depart for a visit to France, Polonius gives him contradictory advice that culminates in the ironic maxim "to thine own self be true." Polonius's daughter, admits her interest in Hamlet, but Laertes warns her against seeking the prince's attention, Polonius orders her to reject his advances. That night on the rampart, the ghost appears to Hamlet, telling the prince that he was murdered by Claudius and demanding that Hamlet avenge him. Hamlet agrees, the ghost vanishes; the prince confides to Horatio and the sentries that from now on he plans to "put an antic disposition on", or act as though he has gone mad, forces them to swear to keep his plans for revenge secret.
However, he remains uncertain of the ghost's reliability. Soon thereafter, Ophelia rushes to her father, telling him that Hamlet arrived at her door the prior night half-undressed and behaving erratically. Polonius resolves to inform Claudius and Gertrude; as he enters to do so, the king and queen finish welcoming Rosencrantz and Guildenstern, two student acquaintances of Hamlet, to Elsinore. The royal couple has requested that the students investigate the cause of Hamlet's mood and behaviour. Additional news requires that Polonius wait to be heard: messengers from Norway inform Claudius that the King of Norway has rebuked Prince Fortinbras for attempting to re-fight his father's battles; the forces that Fortinbras had conscripted to march against Denmark will instead be sent against Poland, though they will pass through Danish territory to get there. Polonius tells Claudius and Gertrude his theory regarding Hamlet's behaviour and speaks to Hamlet in a hall of the castle to try to uncover more information.
Hamlet feigns madness but subtly insults Polonius all the while. When Rosencrantz and Guildenstern arrive, Hamlet greets his "friends" warm
The American Economic Review
The American Economic Review is a peer-reviewed academic journal of economics. Twelve issues are published annually by the American Economic Association. First published in 1911, it is considered one of the most prestigious and distinguished journals in the field of economics; the current editor-in-chief is Esther Duflo. The previous editor was Pinelopi Goldberg; the journal is based in Pittsburgh. The May issue of the American Economic Review each year is known as "Papers and Proceedings". Selected papers and discussions of papers presented at the Annual Meetings of the American Economic Association are published along with reports of officers and representatives. In 2004, the American Economic Review began requiring "data and code sufficient to permit replication" of a paper's results, posted on the journal's website. Exceptions are made for proprietary data. In 2011 a "Top 20 Committee," consisting of Kenneth Arrow, Douglas Bernheim, Martin Feldstein, Daniel McFadden, James M. Poterba, Robert Solow, selected the following twenty articles to be the most important ones to appear in the journal: "A Theory of Production", by Paul Douglas and Charles Cobb.
"The Use of Knowledge in Society", by F. A. Hayek "Economic Growth and Income Inequality", by Simon Kuznets. "The Cost of Capital, Corporation Finance and the Theory of Investment", by Franco Modigliani and Merton Miller. "A Theory of Optimum Currency Areas", by Robert Mundell. "Uncertainty and the Welfare Economics of Medical Care", by Kenneth Arrow. "Capital Theory and Investment Behavior", by Dale W. Jorgenson "National Debt in a Neoclassical Growth Model", by Peter A. Diamond. "The Role of Monetary Policy", by Milton Friedman. "Migration and Development: A Two-Sector Analysis", by John R. Harris and Michael Todaro. "Optimal Taxation and Public Production I: Production Efficiency" and "Optimal Taxation and Public Production II: Tax Rules", by Peter A. Diamond and James Mirrlees. "Production, Information Costs, Economic Organization", by Armen Alchian and Harold Demsetz. "Some International Evidence on Output-Inflation Tradeoffs", by Robert Lucas, Jr. "The Economic Theory of Agency: The Principal’s Problem", by Stephen A. Ross.
"The Political Economy of the Rent-Seeking Society", by Anne Osborn Krueger "Monopolistic Competition and Optimum Product Diversity", by Avinash Dixit and Joseph Stiglitz. "An Almost Ideal Demand System", by John Muellbauer. "On the Impossibility of Informationally Efficient Markets", by Sanford J. Grossman and Joseph E. Stiglitz. "Scale Economies, Product Differentiation, the Pattern of Trade", by Paul Krugman. "Do Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends?", by Robert J. Shiller. Thirteen of those authors have received the Nobel Prize in Economic Sciences; the journal can be accessed online via JSTOR. In both 2006 and 2007, it was the most viewed journal of all the 775 journals in JSTOR. Other notable papers from the journal include: "Colonial origins of comparative development", by Daron Acemoglu, Simon Johnson, James A. Robinson. "Growth in a Time of Debt", by Carmen Reinhart and Kenneth Rogoff. "Some Unsettled Problems of Irrigation," by Katharine Coman. This was the first article that appeared in the journal, was reprinted in 2011 due to its continuing significance.
Official website 1911-1922 volumes available online at the Online Books Page