In a previous study of US city inflation, I emphasized the temporal regularities of urban price inflation. But, despite these identified regularities, it is apparent that the process of inflation is rarely so regular and so systematic. Unanticipated shocks in three components, energy food, and...

This paper makes a number of contributions to our understanding of industrial restructuring and regional adjustment. A distinction is made between restructuring and economic growth and development, with the author arguing that restructuring is more than autonomous economic change; it is a process...

The theoretical heritage of job-search models is reconsidered, with a stress on their roots in neoclassical equilibrium theory. A different conception of the 'imperfect' information problem is proposed, namely what is called 'indeterminate' information. Competing economic and geographical models...

Pension funds may be one of the few avenues now open for financingnew urban infrastructure and development projects. But convention dominates pension fund trustees' investment decisions, so it is difficult to see how the ambitions of advocates of pension fund investment can be squared with...

Cyclical sensitivity in employment, wages, and hours worked are explored with reference to three industries and eleven US cities over the period 1972 - 1980. Conventional neoclassical discrete-exchange models of the labor market are shown to be inadequate because of marked rigidities in the...

Most studies of industrial restructuring and regional adjustment are focused upon the local consequences or causes of restructuring. Few studies are focused upon corporate strategy, an essential ingredient for a better understanding of the motive forces behind restructuring. This paper is an...

A model of regional production is proposed which links local output to the distribution of income between owners and workers. In contrast to conventional regional production theories, our model is adjustment oriented, eschewing equilibrium for disequilibrium and certainty for uncertainty. The...

Local labor markets are characterized by rigidities in their patterns of adjustment to short-run fluctuations. With or without unions, fluctuations in employment, hours worked, and money wages are unlike the patterns predicted by conventional discrete-exchange labor-market theories. Moreover...

Hong Kong, Singapore, Korea, and Taiwan (the Asian newly industrialized economies [NIEs]) were the economic success stories of the 1970s and 1980s. While there are a number of competing explanations for their rapid growth, some focusing upon the process of export-led development, the Asian NIEs...