Variations In Economic Analysis: Essays In Honor Of Eli Schwartz

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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.


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Variations in Economic Analysis MARTINDALE CENTER FOR THE STUDY OF PRIVATE ENTERPRISE CENTER STAFF J. Richard Aronson Director Robert J. Thornton Associate Director Judith A. McDonald Associate Director Todd A. Watkins Associate Director Robert Kuchta Assistant Director of Marketing Paul Brown Dean, College of Business & Economics The Martindale Center for the Study of Private Enterprise was established in 1980 with a gift from alumnus Harry Martindale and his wife Elizabeth Fairchild Martindale. Formed as an interdisciplinary resource in the College of Business and Economics, the Center contributes through scholarship to improved understanding of the American economic system. J. Richard Aronson · Harriet L. Parmet · Robert J. Thornton Editors Variations in Economic Analysis Essays in Honor of Eli Schwartz 123 Martindale Center for the Study of Private Enterprise College of Business and Economics Lehigh University Editors J. Richard Aronson Department of Economics Lehigh University 621 Taylor Street Bethlehem PA 18015 USA [email protected] Harriet L. Parmet Department of Modern Languages and Literature Lehigh University 9 W. Packer Avenue Bethlehem PA 18015 USA [email protected] Robert J. Thornton Department of Economics Lehigh University 621 Taylor Street Bethlehem PA 18015 USA [email protected] ISBN 978-1-4419-1181-0 e-ISBN 978-1-4419-1182-7 DOI 10.1007/978-1-4419-1182-7 Springer New York Dordrecht Heidelberg London Library of Congress Control Number: 2009936724 © Martindale Center for the Study of Private Enterprise, Lehigh University, 2010 All rights reserved. This work may not be translated or copied in whole or in part without the written permission of the publisher (Springer Science+Business Media, LLC, 233 Spring Street, New York, NY 10013, USA), except for brief excerpts in connection with reviews or scholarly analysis. Use in connection with any form of information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed is forbidden. The use in this publication of trade names, trademarks, service marks, and similar terms, even if they are not identified as such, is not to be taken as an expression of opinion as to whether or not they are subject to proprietary rights. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com) Contents
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