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Abstract. It is widely taught that national product departs from, but returns toward, an “equilibrium” level. Return from sub‐equilibrium, it is believed, involves depleting inventories; return from super‐equilibrium involves building them up; in both cases, at a diminishing rate. Observable...
Abstract. Continued debate over the nature of work is adding to an existing vast literature in labor economics, business and personnel administration, industrial sociology and social psychology. Both theory and experience indicate that the authoritarian workplace results in social costs through...
Abstract. This article examines the effect of peddling upon industrialization and economic development and the evolution of institutional arrangements in marketing in the Antebellum period. After 1840 peddling in America was undertaken, to an increasing extent, by newly arrived immigrants from...
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