This note reviews the signaling models presented in the monetary economics literature, and offers a supplementary interpretation regarding the observed U.S. Treasury primacy in signaling. It is argued here that the legal authority given to the U.S. Treasury, under the Gold Reserve Act of 1934,...

Purpose – Within the area of economics, the value attached to highly‐ranked journal publications, such as the American Economic Review , Journal of Political Economy and Quarterly Journal of Economics , in tenure, promotion, and merit pay processes is often several times greater than that of...

In detailing the crimes against humanity committed by the Nazi regime before and during the Second World War, Breton and Wintrobe (1986) Breton and Wintrobe describe the Nazi bureaucracy as a flexible microstructure that zealously carried out the “Final Solution” to the “Jewish...