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Journal Article
Urban legends
Clement, Douglas (2004-09)
For centuries, economists have struggled to explain why people and businesses gather in cities.
The Region , Volume 18 , Issue Sep , Pages 10-13, 54-59

Journal Article
Review essay on an economist's perspective on history. Institutions, Institutional Change, and Economic Performance by Douglass C. North, 1990
Krikelas, Andrew C. (1995-01)
Douglass North earned a share of the 1993 Nobel prize for economics for two decades of research that culminated in the development of an innovative framework for analyzing economic history. This review essay discusses the book that most comprehensively presents North's paradigm, which characterizes history as the record of an evolving game in which institutions, organizations, and individuals function as the rules, teams, and players. Through examples, the reviewer illustrates how North's game theoretic paradigm can serve not only as a tool for analyzing historical events but also as a ...
Economic Review , Volume 80 , Issue Jan , Pages 28-32

Journal Article
Back to the future with Keynes
Ohanian, Lee E. (2008-07)
This article analyzes Keynes's "Economic Possibilities for our Grandchildren"- an essay presenting Keynes's views about economic growth into the 21st century - from the perspective of modern growth theory. I find that the implicit theoretical framework used by Keynes to form his expectations about the 21st-century world economy is remarkably close to modern growth models, featuring a stable steady-state growth path driven by technological progress. On the other hand, Keynes's forecast of employment in the 21st century is far off the mark, reflecting a mistaken view that the income ...
Quarterly Review , Issue Jul , Pages 10-16

Journal Article
Wildcat banking, banking panics, and free banking in the United States
Dwyer, Gerald P. (1996-12)
Banks in the United States issued currency with no oversight of any kind by the federal goverment from 1837 to 1865. Many of these banks were part of "free banking" systems with no discretionary approval of entry into banking, and these banks issued notes that were used for payments in transactions just as Federal Reserve notes are today. There was no central bank or goverment insurance, and the ultimate guarantee of the value of a bank's notes was the value of the bank's assets. As the author indicates, these banknotes have similarities to some forms of electronic money. ; Free banking in ...
Economic Review , Volume 81 , Issue Dec , Pages 1-20

Journal Article
The Rise and Decline of Petersburg, Va.
Burnett, Anne; Pinto, Santiago; Owens, Raymond E. (2017-10)
Early Virginians looked at Petersburg, with its location on the Appomattox River, as a town of economic vibrancy and promise. Incorporated in 1748 by the Virginia General Assembly, the town fulfilled that early promise and grew to become the commonwealth's third independent city in 1850. But turmoil as well as prosperity for Petersburg were ahead. {{p}} Throughout its 270 years, three factors have dominated Petersburg's economic history: tobacco, trade, and transportation. The city's early economic prominence was due to its tobacco plantations and warehouses as well as various mills powered ...
Econ Focus , Issue 4Q , Pages 28-32

Speech
Remarks on receipt of the Truman Medal for Economic Policy: before the Truman Medal Award and Economics Conference, Kansas City, Missouri, October 26, 2005
Greenspan, Alan (2005)
Speech , Paper 137

Working Paper
The Slaughter of the Bison and Reversal of Fortunes on the Great Plains
Gillezeau, Rob; Feir, Donna; Jones, Maggie E. C. (2019-01-14)
In the late 19th century, the North American bison was brought to the brink of extinction in just over a decade. We show that the bison?s slaughter led to a reversal of fortunes for the Native Americans who relied on them. Once the tallest people in the world, the generations of bison-reliant people born after the slaughter were among the shortest. Today, formerly bison-reliant societies have between 20-40% less income per capita than the average Native American nation. We argue that federal Indian policy that limited out-migration from reservations and restricted employment opportunities to ...
Center for Indian Country Development series , Paper 1-2019

Conference Paper
Promising developments in technology transfer and intellectual property protection in Mexico
Einstein, Edwin F. (1991)
Proceedings

Journal Article
Economic history : The Queen's private Navy
Price, David A. (2010-10)
Related links: https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2010/q4/economic_history_weblinks.cfm
Econ Focus , Volume 14 , Issue 4Q , Pages 32-34

Working Paper
The Effect of Fertility on Mothers’ Labor Supply over the Last Two Centuries
Jordan, Andrew; Schulze, Karl; Samii, Cyrus; Dehejia, Rajeev; Pop-Eleches, Cristian (2017-09-17)
This paper documents the evolving impact of childbearing on the work activity of mothers. Based on a compiled dataset of 441 censuses and surveys between 1787 and 2015, representing 103 countries and 48.4 million mothers, we document three main findings: (1) the effect of fertility on labor supply is small and typically indistinguishable from zero at low levels of development and economically large and negative at higher levels of development; (2) this negative gradient is remarkably consistent across histories of currently developed countries and contemporary cross-sections of countries; and ...
Working Paper Series , Paper WP-2017-14

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