This paper examines the interwar housing cycle in comparison to what transpired in the United States between 2001 and 2011. The 1920s experienced a boom in construction and prolonged retardation in building in the 1930s, resulting in a swing in residential construction's share of GDP, and its...

Thomas Schelling was recognized by the Nobel Prize committee as a pioneer in the application of game theory and rational choice analysis to problems of politics and international relations. However, although he makes frequent references in his writings to this approach, his main explorations and...

Thomas Schelling was recognized by the Nobel Prize committee as a pioneer in the application of game theory and rational choice analysis to problems of politics and international relations. However, although he makes frequent references in his writings to this approach, his main explorations and...

This paper examines the interwar housing cycle in comparison to what transpired in the United States between 2001 and 2011. The 1920s experienced a boom in construction and prolonged retardation in building in the 1930s, resulting in a swing in residential construction’s share of GDP, and its...

The events associated with the financial crisis and recession of 2007-2009 continue to unfold. If the output loss from this recession ends up in the range of the 1982 downturn, it will be because Congress and the Federal Reserve moved more quickly and effectively with immediate remedies than was...

This paper examines the relationships between occupational structure, dissent, and educational commitment in a sample of seventeen commercial and manufacturing localities in Lancashire in 1841. In this sample the structure of educational systems as measured by the mix of Sunday and day schooling...

German. industrial expansion in the period 1880¿1913 was significantly more rapid than that of the United Kingdom, and substantially less volatile than that of the United States. A partial explanation for the relatively stable growth path of the German economy during these years may be found in...