Monetary prices provide buyers and sellers with the information they need for economic calculation and direct their resource allocation decisions. However, in some situations these decisions are made in the absence of prices and alternative guides must be used. Decisions may be informed by an elite few or may incorporate knowledge disbursed among many individuals. This dissertation looks at how the political environment influences how information is discovered and used and the subsequent effects on political and economic outcomes.
This essay is composed of three chapters that contextualize the Keynesian Revolution within trends in history of economic thought and trends in institutional transformations in American public administration.
I provide here a counterpoint to the rational agents that dominate economics: rather than adding rigidities and information limits on an otherwise classical feed-forward agent, I build a new feed-back agent that achieves ...
This research answers the question whether immigration contributes to metropolitan areas' productivity and economic growth, and it also quantifies the impacts of immigration on productivity and economic growth. It examines ...
