Variations in Economic Analysis
Essays in Honor of Eli Schwartz

Editors: J. Richard Aronson, Harriet L. Parmet, Robert J. Thornton



Includes contributions from some of the most influential and prominent economists, including Noble Prize winners, Robert Solow and Harry Markowitz, and former presidential economic adviser, Murray Weidenbaum

Covers a wide range of topics and approaches, integrated through the common bond of Eli Schwartz’s research, publications, and influence

Accessible to specialists and non-specialists alike, including researchers and students, finance professionals, and general readers interested in economic principles

For over fifty years, Eli Schwartz has inspired generations of students and economists through his many publications and dedication to teaching. In 2008, the Martindale Center for the Study of Private Enterprise at Lehigh University invited prominent academics and practitioners—including Nobel Prize recipients Robert Solow and Harry Markowitz, and former Chairman of the Council of Economic Advisers under Ronald Reagan, Murray Weidenbaum—to contribute pieces that reflect their approaches to issues many of which Schwartz has explored over the span of his long career. The twelve original essays cover a range of topics, including tax reform, corporate finance, fiscal policy, banking, economic growth, and globalization, and they represent a variety of methodologies, including economic theory, econometrics, and case analysis. The collection emphasizes the underlying connections among seemingly disparate facets of economic activity, and underscores the considerable influence of Schwartz on economic analysis and policy today.

Table of contents

Front Matter

Introduction

My Favorite Two Corporate Finance Puzzles

The Solvency of Federal Welfare Entitlement Programs: Social Security and Medicare

The Corporate Sector as a Net Exporter of Funds: Additional Evidence

Piscal Folicy 101—Economic Policy Meets Partisan Politics

A Taxonomy of Utility Functions

Equilibrium and Disequilibrium Growth: a Comment on a Comment

Reputational Risk and Conflicts of Interest in Banking and Finance: The Evidence So Far

Seeking Common Ground on Globalization

Tax Reform Then and Now

Joseph A. Schumpeter: Not Guilty of Plagiarism but of “Infelicities of Attribution”

Economics and the Tanakh—the Hebrew Bible

Muted Signals in Academe: Letters of Recommendation and Grade Inflation

Back Matter

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