Studies in Economics and Finance: Volume 1 Issue 1

Expediency and the Failure of Macroeconomic Policy: Testimony of Leon H. Keyserling: Before the Joint Economic Committee of the 95th U. S. Congress

Mr. Chairman and Members of the Committee: I appreciate this opportunity to appear before you again, and to summarize the current significance of studies and observations which I…

The New and Improved Consumer Behavior Theory

Edward Meadows

Introduction One of the fresher breezes to rustle the leaves in the Black Forest of microeconomic theory has been fueled by the “new” consumer behavior theory, based on the…

A Pedagogic Note: Comparison of 0LS, 2SLS and 3SLS Estimation Methods

J. Louis Heck

Introduction The application of statistics to the study of economic relationships is often characterized by unique problems. Although prediction may be an important part of a…

A Simplified Interactive Program for the Empirical Determination of Indifference Boundaries

Robert Baker, John Helmuth

Introduction The nature of this paper is expository, its purpose being to suggest a method for empirically determining indifference boundaries. The fundamental procedure that will…

Risk Insurance and Underinvestment in Education

Richard M. Wallace

Introduction In recent years considerable attention has been given to the role of the State in the financing and provision of education. Public financing of education has, in…