This article views the bureaucratic form of organization as both an agent and an expression of key modern social innovations that are most clearly manifested in the non-inclusive terms by which individuals are involved in organizations. Modern human involvement in organizations epitomizes and...

Changes in the stock of inventories are important for �fluctuations in aggregate output. However, the possibility that firms do not sell all produced goods and inventory accumulation are typically ignored in business cycle models. This paper captures this with a goods-market friction. Using US...