Distinguished lecture on economics in government: accounting for saving and capital formation in the United States, 1947-1991

Article Abstract:

A study was conducted to evaluate accounting for saving and capital formation for the US in various sectors. The study focuses on origin and application of saving and considers the possibility of gaining greater savings than capital formation as net lenders. Results show that the process of capital and saving formation has not been substantiated by economic theory and national accounting. The process failure has been attributed to absence of economic theory reformulation which will address modern economic systems.

Research, Savings, Capital formation

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Institutional changes and rising wage inequality: is there a linkage?

Article Abstract:

The widespread institutional changes during the 1980s have paved the way for rising wage inequality in the US. These institutional changes could have been generated directly from legislative interventions, particularly on minimum wage. Historical evidence, through international comparisons between the US and among other industrialized countries, reveals that institutional forces play a significant role in understanding the rise of wage inequality.

Wage payment systems, Income distribution, Wage price policy, Wage-price policy

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Distinguished lecture on economics in government; What we don''t know could hurt us: some reflections on the measurement of economic activity

Article Abstract:

Katharine G. Abraham's, professor of economics at University of Maryland feels that inaccuracy of information pertaining to economic conditions could prove to be detrimental to government decision-making.

United States, Executive changes & profiles, Public affairs, Officials and employees, College teachers, College faculty, Economic conditions, University of Maryland, Speeches, lectures and essays, Abraham, Katharine G.

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