During the 1930s, there were numerous proposals put forth to modify the financial system. The "Chicago Plan," submitted in 1933 by economists at the University of Chicago, recommended abolition of the fractional reserve system and imposition of 100% reserves on demand deposits. Despite the...

Who should regulate bank holding companies? The recent Treasury proposal to consolidate the federal banking agencies would require that the Federal Reserve give up the power to regulate bank holding companies (BHCs) that it has had since the passage of the bank Holding Company Act of 1956. The...

In this paper, we discuss the nature of the university-industry relationship and recommend specific policies to help achieve the goal of greater economic growth. We argue that state-supported research universities can be used to integrate entrepreneurship into state economic development and...

Prologue:Who Killed Buddy Holly?.- 1. So You Want to Be a Rock and Roll Star? -- 2. Hitsville: Writing a Hit Song -- 3. Innovation: Will You Ever Hear Surf Music Again? -- 4. Contracts: You Never Give Me Your Money, All I Get Is Your Funny Paper -- 5. Live Performance: Touring Can Make You Crazy...

In the past decade, an increasing number of cities have sought to use the promotion of the arts, and especially arts entrepreneurship, as a path to economic development and revitalization. The work of Richard Florida has been important in contributing to the implementation of these strategies,...

In the U.S., corporate bankruptcies generally go through the court system for resolution, whereas bank failures are resolved by bank regulatory agencies. The goal of corporate bankruptcy is to maximize the value of the firm as a "going concern" in liquidation to the shareholders. In a bank...

We examine the pricing patterns of payday lenders in Colorado between 2000 and 2005, using Tobit estimation techniques to account for legislated price ceilings, and a Heckman correction procedure to correct for locational choices made by payday lenders. Our preliminary results contain evidence...

What differentiates American capitalism from all other forms of industrial capitalism is a historical focus on both the creation of wealth (entrepreneurship) and the reconstitution of wealth (philanthropy). Philanthropy has been part of the implicit American social contract that continuously...

In this paper, we discuss the nature of the university-industry relationship and recommend specific policies to help achieve the goal of greater economic growth. We argue that state-supported research universities can be used to integrate entrepreneurship into state economic development and...

What differentiates American capitalism from all other forms of industrial capitalism is a historical focus on both the creation of wealth (entrepreneurship) and the reconstitution of wealth (philanthropy). Philanthropy has been part of the implicit American social contract that continuously...