A 117-item annotated bibliography of books, articles, essays, lectures, and reviews by economist Ludwig von Mises is presented. The bibliography is arranged chronologicaly, and is followed by an alphabetical listing of the citations, excluding books. An index and information on the Ludwig von Mises Institute at Auburn University (Alabama) are…

Summarizes underlying tenets and policy implications of new classical and new Keynesian macroeconomics. Compares new approaches with orthodox Keynesian and monetarist schools of thought. Identifies the fundamental difference between new classical and new Keynesian models as the assumption regarding the speed of wage and price adjustment following…

Observes that, before 1973, determining a valuation formula for option prices was an elusive goal of financial economics. Discusses Louis Bachelier's early twentieth-century work on the problem. Notes that Bachelier derived a normal distribution for stock price movements by modeling price changes in specific way. Reviews Bachelier's option pricing…

Argues that the textbook presentation of the concept of natural monopolies has changed little since the early 1960s. Suggests that most economics textbooks have ignored the issue of economies of scale versus fixed costs. Notes that educators often discuss economies of scale without explaining why certain industries enjoy greater scale economies…

Seeks to explain economists' differences of opinion, through the example of contemporary British economic debate. Observes that part of the explanation lies in the complexity of economic issues. Argues that the more important factor lies in economists' ideological differences. Contrasts the views of the libertarian and market interventionist…

Discusses the eighteenth-century view of virtue as an end in itself. Observes that property, prosperity, and individualistic attitudes were essential aspects of economic virtue, whereas majority rule became a central tenet of civic virtue. Explains that public education and governmental checks and balances were seen as means of promoting economic…

Examines the effects of corporate mergers in the publishing industry on the publishing of textbooks and standardized tests. Concludes that restructuring, acquisitions, and mergers have an intrusive effect on established practices of academic publishing and may severely limit the access of scholars to the academic marketplace. (FMW)

Discusses issues related to short-run marginal cost and long-run marginal cost in economic theory. Asserts that few economics textbooks deal with important aspects of this concept. Includes four figures illustrating the approach suggested by the authors. (CFR)

Examines the case of bilateral monopoly in the context of joint profit-maximizing solutions. Asserts that, although bilateral monopoly is sometimes viewed as a theoretical model with few real-world applications, the elements of negotiations it contains form the basis for contracts between input sellers and input buyers. (CFR)

Reports on a study that questions whether private enterprise can maintain quality while reducing costs of providing social welfare services. Reviews three aspects of privatization: (1) competitive markets; (2) rationality; and (3) cost reduction. Concludes by questioning a central claim of economic theory: that free markets and private firms are…

Discusses the concept of "Giffen goods" as it applies to price theory in economics instruction. Provides a graphic presentation and analysis of Giffen goods and behavior. Includes examples of Giffen behavior that can be used to illustrate the concept. (CFR)

Discusses whether or not the economic concept of the long run is no longer feasible because of computer-assisted manufacturing and other technological advances. Concludes that the terms "long run" and "short run" still serve as logical constructs in formal economic analysis. (CFR)

During its evolution Chinese moral education has developed pronounced ideological aspects. This stems from traditions of first equating politics with morality, phrasing them both in the same language, and then of encouraging correct moral and political relations and behaviours through education. This trend dates back three thousand years to Zhou…

Maintains that it is generally assumed that rent control redistributes wealth from landlords to consumers of housing. Presents data and graphs to illustrate how rent control can benefit landlords and increase housing availability. Asserts that this exercise is effective for students studying microeconomic theory. (CFR)

Criticizes New Zealand's adoption of market-oriented higher education--universities as "knowledge businesses" and students as "consumers." Argues that the competitive capitalist economic model advocated by the state replicates societal structural inequalities and is wholly inappropriate for a university. Recommends a return to…