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Articles 1 - 12 of 12

Full-Text Articles in Economic History

Mexico: Neoliberalism, Popular Grievances, And The Rise Of Andrés Manuel López Obrador, Irving Cortes-Martinez Apr 2019

Mexico: Neoliberalism, Popular Grievances, And The Rise Of Andrés Manuel López Obrador, Irving Cortes-Martinez

Honors Theses

Andrés Manuel López Obrador, commonly referred to as AMLO, has become Mexico’s first leftist president in over seven decades. He has promised to get rid of Mexico’s problems through a peaceful but radical transformation, while placing the needs of the people first. For the past three decades, the nation’s political and economic systems have failed to create positive results. Mexico currently faces mass inequality and poverty, corruption and impunity, and insecurity and organized crime. Through his political activism and most importantly, his political narrative, AMLO has become a popular actor and is seen as the president who ...


Extraordinary Episodes Of Ancient Money, Francis Louis Kailey Jun 2018

Extraordinary Episodes Of Ancient Money, Francis Louis Kailey

Honors Theses

The spread of coins, which occurred throughout the archaic and classical periods of Greece, was a foundational advancement toward forms of the modern economy. Modern theory has sought to explain the invention of coins with a variety of narratives. Generally, these narratives fall into two broad categories: market-driven monetization or state-driven monetization. On the one hand, some theory argues that coins developed from reducing private transaction costs. On the other hand, some theorists argue that the state benefitted from reductions in administrative costs from the use of coins and therefore undertook the cost of minting them. This thesis problematizes these ...


Banking Efficiency Within The World’S Largest Banks: Application Of Data Envelopment Analysis To The Global Financial Crisis Of 2008, Devin Coffey Jun 2018

Banking Efficiency Within The World’S Largest Banks: Application Of Data Envelopment Analysis To The Global Financial Crisis Of 2008, Devin Coffey

Honors Theses

The world’s financial system is one of the globe’s most powerful structures, however the institutions that make up this network of banking firms are certainly not immune to the pressures of market globalization and technical innovation that drive change within the financial landscape. In order to exist within such an environment, the world’s largest commercial banks must constantly reevaluate the ways in which they function in order keep pace in the competitive market. The objective of this paper is to examine the efficiency of ten of the world’s largest commercial banks during the period spanning from ...


The Impact Of Wealth And Sentiment On Consumption: Before And After The Great Recession, Joshua Schwartz Jun 2017

The Impact Of Wealth And Sentiment On Consumption: Before And After The Great Recession, Joshua Schwartz

Honors Theses

I study the impact of consumer sentiment and the wealth effect on aggregate U.S. consumption before and after the Great Recession. First I will introduce a background of the 2008 financial crisis and some major factors leading up to it. I will discuss both the Michigan Consumer Sentiment index as well as the Conference Board's Consumer Confidence index. I will also discuss several measures of net worth relevant for my study. Second I will discuss the relevant literature and the main findings that correspond to my thesis. Third I will present the methodology used for my thesis and ...


Trends In U.S. Tea Imports: 1991-2015, Evan Kennedy Apr 2017

Trends In U.S. Tea Imports: 1991-2015, Evan Kennedy

Honors Theses

Tea is the second most popular beverage in the world, and over the past two decades it has experienced a newfound popularity in the United States. Over this time period, ready-to-drink and loose-leaf tea has increased in popularity, whereas tea bags and instant tea declined in popularity. Since the United States produces almost no tea itself, an increase in consumption requires increased imports. Therefore, this paper examines U.S. import trends as a means to begin an examination of consumption. Ten countries (Argentina, Canada, China, Germany, India, Japan, Kenya, Sri Lanka, the United Kingdom, and Vietnam) provide approximately 80% of ...


Economic Leapovers, William Hunter Wolf Jan 2014

Economic Leapovers, William Hunter Wolf

Honors Theses

This paper examines the phenomenon of economic leapovers in technology. Leapovers are defined and placed in historical context, with some examples from telecommunications and case settings from Russia and China. In particular, the socioeconomic factors behind leapovers are noted and analyzed in light of several classical economic doctrines of Adam Smith, David Ricardo, Thomas Malthus, and Karl Marx. The potential for other leapovers is also examined in an extension.


Automobiles Autarky And Authority: The Effects Of Nazi Centralized Economic Planning 1932-1942, Andrew Stinchfield Jun 2013

Automobiles Autarky And Authority: The Effects Of Nazi Centralized Economic Planning 1932-1942, Andrew Stinchfield

Honors Theses

This thesis examines the benefits and drawbacks of Nazi centralized economic planning. From an entirely political and economical standpoint, Hitler and the National Socialists’ highly regulated and restrictive policies were initially beneficial for Germany because they created a centralized economic vision and improved national morale. The liberal ideology of the Weimar Republic resulted in major class divisions within the nation, where laissez-faire economics left middle-citizens marginalized and at the mercy of profit-seeking big businesses. The Wall Street Crash of 1929 exposed the weaknesses of liberalism and resulted in a massive rise in political resentment. The regime accumulated power because their ...


Capitalism In Ancient Rome And Ancient Greece: Risk And Unethical Business, Sam Goldman Jun 2013

Capitalism In Ancient Rome And Ancient Greece: Risk And Unethical Business, Sam Goldman

Honors Theses

This thesis compares the business practices of the upper classes of ancient Greece, and ancient Rome. Specifically, I dissect the business decisions that were made with an effort to increase social status. I will focus on the relationship between the social perception of material wealth and the risk or (unethical business practices) that ancient members of the upper classes faced when they attempted to increase their material wealth. In my first chapter I look at the issuance of maritime loans and the risk associated with this type of finance. I discuss the origin of the business, some of the factors ...


How To Maximize The Profit For Bidder And Seller In A Sealed-Bid Second-Price Auction, Wei Yu Jun 2013

How To Maximize The Profit For Bidder And Seller In A Sealed-Bid Second-Price Auction, Wei Yu

Honors Theses

With a history of more than 2500 years, auctions have long been used to negotiate the exchange of goods and commodities. In an auction, bidders compete with rivals by submitting bids depending on their personal evaluations of the goods. The good is allocated to the bidder who offers the highest bid. There are many different types of auctions, but four major ones are primarily concerned by economists and researchers--the English auction, the Dutch auction, the sealed-bid first-price auction and the sealed-bid second-price auction. My thesis mainly focuses on the characteristics of the sealed-bid second-price auction, with both continuous and discrete ...


An Examination Of The Factors Which Influence Private Equity, Joseph Cordrey Jun 2013

An Examination Of The Factors Which Influence Private Equity, Joseph Cordrey

Honors Theses

Private equity firms have become an integral piece of the financial services industry and global economy over the last thirty years. Private equity firms acquire their assets through a variety of transactions, the most common being a leveraged buyout (LBO). This paper seeks to analyze changes in global LBO activity, factors which influence LBO activity, and “staying power” or longevity of LBO transactions. The leveraged buyout market has evolved tremendously since Jensen (1989) predicted LBOs would be the “The Eclipse of the Public Corporation”. This paper looks to build off Stromberg (2008), which examined success rates of LBO exits and ...


Bailing Out America: An Honors Thesis Addressing The Bailout And Financial Crisis Of 2008, Reuben Cash Jan 2012

Bailing Out America: An Honors Thesis Addressing The Bailout And Financial Crisis Of 2008, Reuben Cash

Honors Theses

This paper analyzes the financial crisis of 2008 and the resulting government intervention of the Troubled Asset Relief Program, or more generally called "the bailout." Beginning with historical context of past interventions, it sets forth an understanding of the economic environment of 2008. After explaining the mechanics of the financial crisis, it proposes that the reinsurance products underlying the financial markets in 2008 were based on unsound accounting and risk management principles. Based on this proposition, the representational faithfulness and fairness of mark-to-market accounting principles are examined. The paper concludes that a short-term financial focus is largely to blame for ...


Poor Relief In Tudor England, Edith Burrows Jan 1966

Poor Relief In Tudor England, Edith Burrows

Honors Theses

In many respects the sixteenth century in England marks the beginning of a definite acceleration toward modern humanitarianism. It was an era characterized by the slow decline and definite disap­pearance of all aspects of manorial society. The progressive changes in institutions and the way of thinking reciprocally aided each other, hastening the rise of a new, more humane society. The reforms, at first hesitant and cautious, were by the end of the cen­tury confident and deliberate.