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Business Economics

the Statistics of Income Program of the Internal Revenue Service

The statistics corner: the Statistics of Income Program of the Internal Revenue Service Tom Petska FEDERAL TAX RETURN information is an integral part of the statistical infrastructure enabling analysis of the U.S. economy. Most of this information is compiled by a relatively obscure organization, the Statistics of Income (SOI) Division of the Internal Revenue Service […]

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Business Economics

increase it by reducing the federal deficit

Low U.S. saving: increase it by reducing the federal deficit Dennis K. Hoover In spite of the federal deficit-reduction package enacted October 1990, the deficit remains huge and national saving is still very low. In reconsidering the issue of U.S. saving, this article concludes: (1) Low national saving continues to be a major U.S. problem; […]

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Business Economics

A Primer on Securitization.

A Primer on Securitization. – book reviews David I. Meiselman This book is an interesting, useful and informative survey of one of the most important developments in contemporary financial markets, the securitization of hitherto essentially illiquid nonmarketable mortgages and loans. Indeed, according to Lewis S. Ranieri, the former Salomon Brothers expert on mortgage-backed securities who […]

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Business Economics

What Price the Moral High Ground?: Ethical Dilemmas in Competitive Environments

What Price the Moral High Ground?: Ethical Dilemmas in Competitive Environments Merrill Matthews What Price the Moral High Ground?: Ethical Dilemmas in Competitive Environments. By Robert H. Frank. 2004. Princeton: NJ, Princeton University Press, Pp. 203, $27.95. There has been a long-running debate among philosophers, theologians, and economists about the relationship between who we are […]

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Business Economics

Churchill’s dictum and the next new thing in American health care. Winston Churchill

Churchill’s dictum and the next new thing in American health care. Winston Churchill Uwe E. Reinhardt “IN THE END, AMERICANS WILL ALWAYS DO THE RIGHT THING–AFTER EXPLORING ALL OTHER ALTERNATIVES.” Although modern health care contributes very directly and noticeably to the welfare of human beings, the health care sector the world over is a source […]

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Business Economics

Industry corner: lighting the way: the U.S. lamp industry, 1985-2005

Industry corner: lighting the way: the U.S. lamp industry, 1985-2005 – Industry Overview Mary F. Babington While a mature industry, lamp-making in the United States is showing signs of revitalization. This resurgence is due in part to a shift in the lamp product mix and in part to an expansion of both the replacement market […]

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Business Economics

Global Corporations and National Governments.

Global Corporations and National Governments. – book reviews Marina v.N. Whitman This is a slender volume with broad ambitions. In slightly over 100 pages, its aims are both to provide a broad survey of the data covering the postwar history, including major issues, relating to foreign direct investment (FDI) and to offer a persuasive argument […]

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Business Economics

The Business of Major League Baseball.

The Business of Major League Baseball. – book reviews Barry R. Chiswick By Gerald W. Scully, Chicago: University of Chicago Press, 1989, Pp 212, $24.95. GERALD SCULLY, a Professor of Management at the University of Texas at Dallas, has written a careful, detailed analysis of the economics of baseball. Any lingering doubts that one may […]

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Business Economics

Yes, Virginia, there is a free lunch!

Yes, Virginia, there is a free lunch! – Quantitative Micro Software EViews 3.1 John H. Qualls EViews and its DOS predecessor, MicroTSP, have been my favorite econometric packages, going back to my first PC. I have always believed that they offered the best price/performance combination available, particularly for a business economist like myself, one who […]

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Business Economics

Small business, growth patterns and jobs

Small business, growth patterns and jobs Daniel Asquith MOST REPORTS on the role of small business in job creation focus on the manufacturing sector because of data availability. However, it is also important to analyze the economy as a whole, because manufacturing accounts for only a small fraction of total employment. A major theme of […]