Historically, every country had its own accounting standards, each merging to some extent with its local corporate, labor, and tax laws. No matter how undesirable, it was natural to expect differences among nations. Globalization made these differences so impractical that from corporate leaders...

Professions are a mode of organization in which work is highly uncertain and contingent, requiring professional practitioners to rely heavily on their individual skill and judgment within the norms of accepted practice for their particular professions. But professionals must often draw on...

Professions are a mode of organization in which work is highly uncertain and contingent, requiring professional practitioners to rely heavily on their individual skill and judgment within the norms of accepted practice for their particular professions. But professionals must often draw on...

We examine the evolving structure of the U.S. hospital industry since 1970, focusing on how ownership form influences entry and exit behavior. We develop theoretical predictions based on the model of Lakdawalla and Philipson, in which for-profit and not-for-profit hospitals differ regarding...

This study examines the U.S. commerce in human cadavers for medical education and research to explore variation in legitimacy in trades involving similar goods. It draws on archival, interview, and observational data mainly from NewYork State to analyze market participants’ efforts to...

Orthodox and heterodox theories of financial crises are hereby compared from a theoretical viewpoint, with emphasis on their genesis. The former view (represented by the fourthgeneration models of Paul Krugman) reflects the neoclassical vision whereby turbulence is an exception; the latter...

This paper argues that a hierarchy of ideals exists in market interactions that sets the benchmark on the norm of fairness associated with these interactions, thus affecting pricing decisions associated with market exchange. As norms emerge, an ideal determines the criteria of optimal behavior...

In this review essay of Medema's and Waterman's collection of some of Samuelson's writings in the history of economics, the author argues that Samuelson's claim to have written “Whig History” is spurious. Moreover the author argues that Samuelson's own writings on modern economics are,...