Details about Herschel I. Grossman

E-mail:
Homepage:	http://www.econ.brown.edu/fac/Herschel_Grossman
Postal address:	Herschel Grossman died on October 9, 2004.

Access statistics for papers by Herschel I. Grossman.

Last updated 2009-09-25. Update your information in the RePEc Author Service.

Short-id: pgr65

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Working Papers

2005

1. The War Against Drug Producers
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Journal Article in Economics of Governance (2008)

2004

2. Peace and War in Territorial Disputes
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in Working Papers, Brown University, Department of Economics (2004) View citations

2003

3. ... and six hundred thousand men were dead
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Working Papers, Brown University, Department of Economics (2003)
4. Choosing Between Peace and War
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
5. Distributional Disputes and Civil Conflict
   Working Papers, Brown University, Department of Economics View citations
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations
   See also Journal Article in Cuadernos de Economía (Latin American Journal of Economics) (2003)
6. Fifty-four Forty or Fight
   Working Papers, Brown University, Department of Economics View citations
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations

2002

7. A Theory of the Informal Sector
   Working Papers, Brown University, Department of Economics View citations
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations
   See also Journal Article in Economics and Politics (2008)
8. Annexation or Conquest? The Economics of Empire Building
   Working Papers, Brown University, Department of Economics View citations
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations
9. Constitution or Conflict?
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Working Papers, Brown University, Department of Economics (2002) View citations

2001

10. Educational Inequality
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Brown University, Department of Economics (2001) View citations
    See also Journal Article in LABOUR (2003)

2000

11. Decisiveness and the Viability of the State
    Working Papers, Brown University, Department of Economics
12. Inventors and Pirates: Creative Activity and Intellectual Property Rights
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Working Papers, Brown University, Department of Economics (2000)
    See also Journal Article in European Journal of Political Economy (2005)
13. Is a Moral Disposition Rewarded?
    Working Papers, Brown University, Department of Economics
    See also Journal Article in Journal of Banking & Finance (2002)
14. The Creation of Effective Property Rights
    Working Papers, Brown University, Department of Economics View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations
    See also Journal Article in American Economic Review (2001)

1999

15. Butter and Guns: Complementarity between Economic and Military Competition
    Working Papers, Brown University, Department of Economics
    See also Journal Article in Economics of Governance (2001)
16. Civil Conflict: Ended Or Never Ending?
    Working Papers, Brown University, Department of Economics View citations
17. Cooption and Repression in the Soviet Union
    Working Papers, Brown University, Department of Economics View citations
    See also Journal Article in Economics and Politics (2001)
18. Educational Policy: Egalitarian or Elitist?
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna View citations
    See also Journal Article in Economics and Politics (2003)
19. Producers and Predators
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Working Papers, Brown University, Department of Economics (1998) View citations
20. Scarcity and Conflict
    Working Papers, Brown University, Department of Economics View citations
21. The State: Agent or Proprieter
    Working Papers, Brown University, Department of Economics
    See also Journal Article in Economics of Governance (2000)
22. The Struggle for Survival
    Working Papers, Brown University, Department of Economics

1998

23. Human Capital and Predation: A Positive Theory of Educational Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Brown University, Department of Economics (1997) View citations
24. Incentives and Corruption in Chinese Economic Reform
    Working Papers, Brown University, Department of Economics
25. Scarcity, Abundance, and Appropriative Conflict
    Working Papers, Brown University, Department of Economics View citations

1997

26. "Make Us a King": Anarchy, Predation, and the State
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in European Journal of Political Economy (2002)
27. Predation and Accumulation
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Economic Growth (1996)
28. Predation, Efficiency, and Inequality
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Institutional and Theoretical Economics (JITE) (2002)
29. Sovereign Debt and Consumption Smoothing
    Working Papers, Brown University, Department of Economics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997)
    See also Journal Article in Journal of Monetary Economics (1999)

1996

30. Inequality, Predation and Welfare
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1995

31. American Fiscal Policy in the 1990's
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Brown University, Department of Economics (1995) View citations

1994

32. Nominally Sovereign Debt, Risk Shifting, and Reputation
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Economics and Business (1993)

1993

33. A Theory of War Finance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
34. Population Increase, Extralegal Appropriation, and the End of Colonialism
    NBER Working Papers, National Bureau of Economic Research, Inc
35. The Profitabality of Colonialism
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1992

36. Monetary Economics: A Review Essay
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Monetary Economics (1991)

1990

37. A Generic Model of Monetary Policy, Inflation, and Reputation
    NBER Working Papers, National Bureau of Economic Research, Inc
38. Proprietary Public Finance, Political Competition, and Reputation
    NBER Working Papers, National Bureau of Economic Research, Inc
39. The Political Economy of War Debts and Inflation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1989

40. Rational Bubbles in Stock Prices?
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1987)
41. Shunto, Rational Expectations, and Output Growth in Japan
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Empirical Economics (1989)
42. Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1988)

1988

43. On the Inception of Rational Bubbles in Stock Prices
    NBER Working Papers, National Bureau of Economic Research, Inc
44. Rational Inflationary Bubbles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (1988)

1987

45. Lending to an Insecure Sovereign
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
46. Seigniorage, Inflation, and Reputation
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Monetary Economics (1986)

1986

47. The Illusion of Stabilization Policy?
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1986)

1985

48. The Impossibility of Rational Bubbles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1984

49. Counterfactuals, Forecasts, and Choice-Theoretic Modelling of Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
50. Monetary Information and Macroeconomic Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
51. Rational Bubbles in the Price of Gold
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
52. The Natural-Rate Hypothesis, the Rational-Expectations Hypothesis, and the Remarkable Survival of Non-Market-Clearing Assumptions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1983)

1983

53. Rational Asset Price Bubbles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
54. Tests of Equilibrium Macroeconomics Using Contemporaneous Monetary Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (1982)

1982

55. The American Fiscal Deficit: Facts and Effects
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
56. The Federal Minimum Wage, Inflation, and Employment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1981

57. Employment Effects of the Federal Minimum Wage
    NBER Working Papers, National Bureau of Economic Research, Inc
58. Familial Love and Intertemporal Optimality
    NBER Working Papers, National Bureau of Economic Research, Inc
59. Incomplete Information, Risk Shifting, and Employment Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Review of Economic Studies (1981)
60. Indexation of the Minimum Wage with Rational Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc
61. Risk Shifting, Unemployment Insurance, and Layoffs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

Journal Articles

2008

1. A THEORY OF THE INFORMAL SECTOR
   Economics and Politics, 2008, 20, (1), 62-79 View citations
   See also Working Paper (2002)
2. The war against drug producers
   Economics of Governance, 2008, 9, (1), 5-23 View citations
   See also Working Paper (2005)

2005

3. Inventors and pirates: creative activity and intellectual property rights
   European Journal of Political Economy, 2005, 21, (2), 269-285 View citations
   See also Working Paper (2000)

2003

4. Distributional Disputes and Civil Conflict
   Cuadernos de Economía (Latin American Journal of Economics), 2003, 40, (121), 608-616 View citations
   See also Working Paper (2003)
5. Distributional Disputes and Civil Conflict - Mathematical Appendix
   Cuadernos de Economía (Latin American Journal of Economics), 2003, 40, (121), 616-616
6. Educational Inequality
   LABOUR, 2003, 17, (3), 317-335
   See also Working Paper (2001)
7. Educational Policy: Egalitarian or Elitist?
   Economics and Politics, 2003, 15, (3), 225-246 View citations
   See also Working Paper (1999)
8. Scarcity and appropriative competition
   European Journal of Political Economy, 2003, 19, (4), 747-758 View citations

2002

9. "Make us a king": anarchy, predation, and the state
   European Journal of Political Economy, 2002, 18, (1), 31-46 View citations
   See also Working Paper (1997)
10. Is a moral disposition rewarded?
    Journal of Banking & Finance, 2002, 26, (9), 1811-1820
    See also Working Paper (2000)
11. Predation, Efficiency, and Inequality
    Journal of Institutional and Theoretical Economics (JITE), 2002, 158, (3), 393- View citations
    See also Working Paper (1997)

2001

12. Butter and guns: Complementarity between economic and military competition
    Economics of Governance, 2001, 2, (1), 25-33
    See also Working Paper (1999)
13. Cooption and Repression in the Soviet Union
    Economics and Politics, 2001, 13, (1), 31-47 View citations
    See also Working Paper (1999)
14. The Creation of Effective Property Rights
    American Economic Review, 2001, 91, (2), 347-352 View citations
    See also Working Paper (2000)

2000

15. Predators, moral decay, and moral revivals
    European Journal of Political Economy, 2000, 16, (2), 173-187 View citations
16. The state: Agent or proprietor?
    Economics of Governance, 2000, 1, (1), 3-11 View citations
    See also Working Paper (1999)

1999

17. Kleptocracy and Revolutions
    Oxford Economic Papers, 1999, 51, (2), 267-83 View citations
18. Sovereign debt and consumption smoothing
    Journal of Monetary Economics, 1999, 44, (1), 149-158 View citations
    See also Working Paper (1997)

1997

19. Population Increase and the End of Colonialism
    Economica, 1997, 64, (255), 483-93 View citations

1996

20. Carl Christ teaching and watching
    Carnegie-Rochester Conference Series on Public Policy, 1996, 45, (1), 11-12
21. Predation and Accumulation
    Journal of Economic Growth, 1996, 1, (3), 333-50 View citations
    See also Working Paper (1997)
22. War Debt, Moral Hazard, and the Financing of the Confederacy
    Journal of Money, Credit and Banking, 1996, 28, (2), 200-215 View citations

1995

23. Robin hood and the redistribution of property income
    European Journal of Political Economy, 1995, 11, (3), 399-410 View citations
24. Swords or Plowshares? A Theory of the Security of Claims to Property
    Journal of Political Economy, 1995, 103, (6), 1275-88 View citations

1994

25. Production, Appropriation, and Land Reform
    American Economic Review, 1994, 84, (3), 705-12 View citations
26. Proprietary public finance and economic welfare
    Journal of Public Economics, 1994, 53, (2), 187-204 View citations

1993

27. Nominal sovereign debt, risk shifting, and reputation
    Journal of Economics and Business, 1993, 45, (3-4), 341-352 View citations
    See also Working Paper (1994)

1992

28. Business cycle development and the agenda for business cycle research: commentary
    Proceedings, 1992, 197-201

1991

29. A General Equilibrium Model of Insurrections
    American Economic Review, 1991, 81, (4), 912-21 View citations
30. Monetary economics: A review essay
    Journal of Monetary Economics, 1991, 28, (2), 323-345 View citations
    See also Working Paper (1992)
31. Seigniorage as a Tax: A Quantitative Evaluation: Comment
    Journal of Money, Credit and Banking, 1991, 23, (3), 480-82

1990

32. Inflation and Reputation with Generic Policy Preferences
    Journal of Money, Credit and Banking, 1990, 22, (2), 165-77 View citations

1989

33. Forecasting monetary policy a comment
    Carnegie-Rochester Conference Series on Public Policy, 1989, 31, (1), 297-301
34. Shunto, Rational Expectations, and Output Growth in Japan
    Empirical Economics, 1989, 14, (3), 193-213
    See also Working Paper (1989)

1988

35. Explosive Rational Bubbles in Stock Prices?
    American Economic Review, 1988, 78, (3), 520-30 View citations
36. Rational inflationary bubbles
    Journal of Monetary Economics, 1988, 21, (1), 35-46 View citations
    See also Working Paper (1988)
37. Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation
    American Economic Review, 1988, 78, (5), 1088-97 View citations
    See also Working Paper (1989)
38. The Theory of Rational Bubbles in Stock Prices
    Economic Journal, 1988, 98, (392), 746-54 View citations

1987

39. On the Inception of Rational Bubbles
    The Quarterly Journal of Economics, 1987, 102, (3), 697-700 View citations

1986

40. Seigniorage, inflation, and reputation
    Journal of Monetary Economics, 1986, 18, (1), 21-31 View citations
    See also Working Paper (1987)
41. The illusion of stabilization policy?
    Carnegie-Rochester Conference Series on Public Policy, 1986, 25, (1), 221-235
    See also Working Paper (1986)

1983

42. The natural-rate hypothesis, the rational-expectations hypothesis, and the remarkable survival of non-market-clearing assumptions
    Carnegie-Rochester Conference Series on Public Policy, 1983, 19, (1), 225-245
    See also Working Paper (1984)

1982

43. $13.00.James Tobin, Asset Accumulation and Economic Activity: Reflections on Contemporary Macroeconomic Theory, The University of Chicago Press, Minneapolis (1980), p. xv + 99
    Journal of Monetary Economics, 1982, 10, (1), 134-138
44. Tests of equilibrium macroeconomics using contemporaneous monetary data
    Journal of Monetary Economics, 1982, 10, (3), 309-333 View citations
    See also Working Paper (1983)
45. The Effects of Demand Disturbances under Alternative Exchange-Rate Regimes
    Oxford Economic Papers, 1982, 34, (1), 78-97 View citations
46. Transition from inflation to price stability: A comment on Garber
    Carnegie-Rochester Conference Series on Public Policy, 1982, 16, (1), 43-46

1981

47. Fixed Wages, Layoffs, Unemployment Compensation, and Welfare: Note
    American Economic Review, 1981, 71, (3), 483-84
48. Incomplete Information, Risk Shifting, and Employment Fluctuations
    Review of Economic Studies, 1981, 48, (2), 189-97 View citations
    See also Working Paper (1981)

1979

49. Adverse Selection, Dissembling, and Competitive Equilibrium
    Bell Journal of Economics, 1979, 10, (1), 336-343 View citations
50. Employment Fluctuations and the Mitigation of Risk
    Economic Inquiry, 1979, 17, (3), 344-58 View citations
51. The Brechling-Utgoff and Nickell papers: Comments
    Carnegie-Rochester Conference Series on Public Policy, 1979, 11, (1), 249-252
52. Why Does Aggregate Employment Fluctuate?
    American Economic Review, 1979, 69, (2), 64-69 View citations

1978

53. Risk shifting, layoffs, and seniority
    Journal of Monetary Economics, 1978, 4, (4), 661-686 View citations

1977

54. Risk Shifting and Reliability in Labor Markets
    Scandinavian Journal of Economics, 1977, 79, (2), 187-209 View citations

1975

55. Money Balances, Commodity Inventories, and Inflationary Expectations
    Journal of Political Economy, 1975, 83, (6), 1093-1112 View citations
56. Tobin on Macroeconomics: A Review Article
    Journal of Political Economy, 1975, 83, (4), 829-47

1974

57. Suppressed Inflation and the Supply Multiplier
    Review of Economic Studies, 1974, 41, (1), 87-104 View citations
58. The Cyclical Pattern of Unemployment and Wage Inflation
    Economica, 1974, 41, (164), 403-13 View citations
59. The Macro-Economic Effects of Productive Public Expenditures
    The Manchester School of Economic & Social Studies, 1974, 42, (2), 162-70 View citations
60. The Nature of Quantities in Market Disequilibrium
    American Economic Review, 1974, 64, (3), 509-14 View citations

1973

61. Aggregate Demand, Job Search, and Employment
    Journal of Political Economy, 1973, 81, (6), 1353-69 View citations

1972

62. A Choice-Theoretic Model of an Income-Investment Accelerator
    American Economic Review, 1972, 62, (4), 630-41 View citations
63. Was Keynes a "Keynesian"? A Review Article
    Journal of Economic Literature, 1972, 10, (1), 26-35

1971

64. A General Disequilibrium Model of Income and Employment
    American Economic Review, 1971, 61, (1), 82-93 View citations
65. Money, Interest, and Prices in Market Disequilibrium
    Journal of Political Economy, 1971, 79, (5), 943-61 View citations

1969

66. Expectations, Transactions Costs, and Asset Demands
    Journal of Finance, 1969, 24, (3), 491-506 View citations
67. Theories of markets without recontracting
    Journal of Economic Theory, 1969, 1, (4), 476-479 View citations

Chapters

1995

1. Insurrections
   Chapter 08 in Handbook of Defense Economics, 1995, vol. 1, pp 191-212 View citations

1981

2. Risk Shifting, Statistical Discrimination, and the Stability of Earnings
   A chapter in Studies in Labor Markets, 1981, pp 295-318 View citations

1980

3. Rational Expectations, Business Cycles, and Government Behavior
   A chapter in Rational Expectations and Economic Policy, 1980, pp 5-22 View citations