The congruence of beef consumersÂ’ purchases with their stated preferences regarding internal fat content are examined. The role of U.S. Department of Agriculture (USDA) grades and housebrand labeling of beef in providing information to consumers is studied in the theoretical framework of...

A network programming model (NETFLOW) was used to examine the impact of modal transport rate changes resulting from transportation deregulation on modal traffic shares and total wheat transport costs. The analysis reveals that shifts in wheat traffic to rail and away from truck-barge and truck...

First paragraph: As befits the Post-Keynesian perspective of this forum, the books being reviewed here are related to time: Lawlor (2006) deals with antecedents of Keynes’s General Theory; Tily (2007) mainly with what happened to it afterwards. Michael Lawlor has done us an important service,...

The author argues that there are six key assumptions — although they are at very different levels — on which the General Theory depends. These assumptions are: (i) unemployment is the norm; (ii) there is broad price stability; (iii) the money supply is quite inelastic; (iv) the capital stock...

The on-going banking crisis has demonstrated the significance of banking for economic growth. While banks as creators of money are important for the functioning of the economy, bank lending to productive enterprises is necessary for economic activity. Much of the international policy discussion...

It is, I think, interesting to compare the views of E. F. Schumacher and J. M. Keynes on the ethical aspects of economics – both the economic systems of which they were a part and economics as a subject. Both agreed that economics (as commonly understood and taught) applied to only a...