Academic Council Meeting Agenda and Minutes, April 7, 1997

Agenda and minutes from the Wright State University Academic Council Meeting held on April 7, 1997

Academic Council Meeting Agenda and Minutes, June 2, 1997

Agenda and minutes from the Wright State University Academic Council Meeting held on June 2, 1997

Academic Council Meeting Agenda and Minutes, March 3, 1997

Agenda and minutes from the Wright State University Academic Council Meeting held on March 3, 1997

Academic Council Meeting Agenda and Minutes, November 4, 1996

Agenda and minutes from the Wright State University Academic Council Meeting held on November 4, 1996

The Impact of Post-PATCO Labor Relations on U.S. Union Wages

An augmented Phillips curve model is employed to evaluate the hypothesis that the Professional Air Traffic Controllers Organization (PATCO) strike of 1981 marked the beginning of a structural change in U.S. labor relations, which increased the relative bargaining power of management. After controlling for other factors which influence union wages, the resulting estimates indicate that union wage growth rates, average wages, and total union wage payments were significantly retarded by a structural shift which originated concurrently with the 1981 replacement of striking PATCO members by the federal government.Union; Wage

'Business Cycles,' Turnover and the Rate of Profit: An Empirical Test of Marxian Crisis Theory

The fragmentary nature of Karl Marx's discussion on crisis has led to a long-standing debate regarding causal factors. This paper is a first attempt to show that turnover plays an important role in explaining cyclical movements in the rate of profit. The results of this study show the importance of including a measure of turnover in the rate of profit and lend support to the view that crises result both from a rising organic composition of capital and realization problems.