Immigration: An Opinion

immigration, U.S., opinion

Processing Change: Tales of Mice and Penguins

A brief essay on the difficulty and importance of successful change in any organization and specifically in a higher education institution.supply chain management

If You Don't Speak Chinese, Now Is the Time to Learn

A brief essay on the increasing importance of trade with China.China, trade

Is This Election the Most Important Ever?

In every presidential election I can remember, it seems someone has opined that it was the most important election ever. And perhaps that was so. Maybe the stakes do ratchet up each time we go to the polls.Jim Burton, James Burton, MTSU, Jones College of Business, dean, Jennings A. Jones College of Business

Dry Matter and Minerals in Loblolly Pine Plantation on Four Arkansas Soils

Average contents of N, P, K, Ca, and Na and total above ground dry matter were determined in 19-year-old unthinned loblolly pine (Pinus taeda L.) plantations in southeastern Arkansas. Three stands were sampled on each of four sites: well and poorly drained coastal plain soils and well and poorly drained loessial soils. Total dry weights, determined from 15 felled trees on each of the 12 plots, ranged from 127,000 kg/ha on poorly drained loessial soil to 173,300 kg/ha on poorly drained coastal plain soil. Ranking of sites, in descending order of production of dry matter, P, K, and Na was: coastal plain poorly drained, coastal plain well drained, loess well drained, and loess poorly drained. Quantity of Ca in stemwood and stembark was 36% higher on well than poorly drained soils; P was 30% higher on coastal plain than loess soils. Results permit calculation of nutrient drain in timber harvests. Bark in 19-year-old plantations contained 44, 44, 25, and 50% of total N, P, K, and Ca in the stems

Deregulation for Development: A Tale of Two States

Economic stress led South Dakota and Delaware in the early 1980’s to eliminate their usury laws and enact other enabling legislation in an effort to attract a new industry and new jobs to their states. Sufficient time has now elapsed to assess the success of the policies adopted by these two states. Evidence suggests that both states benefited from their deregulatory actions but in different ways. These successful deregulations provide an important lesson for state-level authorities responsible for determining the regulatory environment.Regional Development, Deregulation, State Government Public Policy

The Political Economy of Wage and Price Controls: Evidence from the Nixon Tapes

On August 15, 1971, Richard Nixon imposed the first and only peacetime wage and price controls in U.S. history. The Nixon tapes, personal tape recordings made during the presidency of Richard Nixon, are now available to the public and provide a unique body of evidence to investigate the motivations for Nixon’s macroeconomic policies. We have uncovered and report in this paper evidence that Nixon manipulated both monetary and fiscal policies to create a political business cycle that helped secure his reelection victory in 1972. Nixon was very knowledgeable about economic matters and understood the risks to the economy of his macroeconomic policy actions and the imposition of wage and price controls, but chose to tradeoff longer-term economic costs to the economy for his own short-term political gain.Wage and Price Controls, Political Business Cycle, Macroeconomic Policy

"The Political Business Cycle: New Evidence from the Nixon Tapes"

Drawing from the personal tape recordings made during the presidency of Richard Nixon, we uncover and report in this paper new evidence that Nixon manipulated Arthur Burns and the Federal Reserve Bank into creating a political business cycle that helped secure Nixon’s reelection victory in 1972. Nixon understood the risks that his desired monetary policy imposed, but chose to trade longer-term economic costs to the economy for his own short-term political benefit.Monetary Policy; Political Business Cycle