Details about Herschel I. Grossman
This author is deceased (2004-10-09). Access statistics for papers by Herschel I. Grossman.
Last updated 2023-03-10. Update your information in the RePEc Author Service.
Short-id: pgr65
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Working Papers
2005
- The War Against Drug Producers
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
See also Journal Article The war against drug producers, Economics of Governance, Springer (2008) View citations (16) (2008)
2004
- Peace and War in Territorial Disputes
NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
Also in Working Papers, Brown University, Department of Economics (2004) View citations (12)
2003
- ... and six hundred thousand men were dead
NBER Working Papers, National Bureau of Economic Research, Inc
- Choosing Between Peace and War
NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
See also Journal Article Choosing Between Peace and War, Annals of Economics and Finance, Society for AEF (2013) View citations (5) (2013)
- Distributional Disputes and Civil Conflict
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
See also Journal Article Distributional Disputes and Civil Conflict, Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile. (2003) View citations (2) (2003)
- Fifty-four Forty or Fight!
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
2002
- A Theory of the Informal Sector
NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
See also Journal Article A THEORY OF THE INFORMAL SECTOR, Economics and Politics, Wiley Blackwell (2008) View citations (14) (2008)
- Constitution or Conflict?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
See also Journal Article Constitution or Conflict?, Conflict Management and Peace Science, Peace Science Society (International) (2004) View citations (2) (2004)
2001
- Annexation or Conquest? The Economics of Empire Building
NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
- Educational Inequality
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
See also Journal Article Educational Inequality, LABOUR, CEIS (2003) View citations (1) (2003)
2000
- Inventors and Pirates: Creative Activity and Intellectual Property Rights
NBER Working Papers, National Bureau of Economic Research, Inc
See also Journal Article Inventors and pirates: creative activity and intellectual property rights, European Journal of Political Economy, Elsevier (2005) View citations (3) (2005)
- The Creation of Effective Property Rights
Working Papers, Brown University, Department of Economics View citations (5)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (3)
See also Journal Article The Creation of Effective Property Rights, American Economic Review, American Economic Association (2001) View citations (87) (2001)
1999
- Educational Policy: Egalitarian or Elitist?
Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna View citations (4)
See also Journal Article Educational Policy: Egalitarian or Elitist?, Economics and Politics, Wiley Blackwell (2003) View citations (21) (2003)
- Producers and Predators
NBER Working Papers, National Bureau of Economic Research, Inc
Also in Working Papers, Brown University, Department of Economics (1998) View citations (33)
1998
- Human Capital and Predation: A Positive Theory of Educational Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
1997
- "Make Us a King": Anarchy, Predation, and the State
NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
See also Journal Article "Make us a king": anarchy, predation, and the state, European Journal of Political Economy, Elsevier (2002) View citations (66) (2002)
- Predation, Efficiency, and Inequality
NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
See also Journal Article Predation, Efficiency, and Inequality, Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen (2002) View citations (16) (2002)
- Sovereign Debt and Consumption Smoothing
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
See also Journal Article Sovereign debt and consumption smoothing, Journal of Monetary Economics, Elsevier (1999) View citations (30) (1999)
1996
- Inequality, Predation and Welfare
NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
1995
- American Fiscal Policy in the 1990's
NBER Working Papers, National Bureau of Economic Research, Inc
- Predation and Accumulation
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
See also Journal Article Predation and Accumulation, Journal of Economic Growth, Springer (1996) View citations (79) (1996)
1993
- Population Increase, Extralegal Appropriation, and the End of Colonialism
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
- The Profitabality of Colonialism
NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
1991
- A Theory of War Finance
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
- Monetary Economics: A Review Essay
NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
See also Journal Article Monetary economics: A review essay, Journal of Monetary Economics, Elsevier (1991) View citations (6) (1991)
1988
- Proprietary Public Finance, Political Competition, and Reputation
NBER Working Papers, National Bureau of Economic Research, Inc
- The Political Economy of War Debts and Inflation
NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
1987
- A Generic Model of Monetary Policy, Inflation, and Reputation
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
- Lending to an Insecure Sovereign
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
- Nominally Sovereign Debt, Risk Shifting, and Reputation
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
See also Journal Article Nominal sovereign debt, risk shifting, and reputation, Journal of Economics and Business, Elsevier (1993) View citations (4) (1993)
- Rational bubbles in stock prices?
Working Papers, Federal Reserve Bank of Philadelphia View citations (3)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1985) View citations (6)
1986
- On the Inception of Rational Bubbles in Stock Prices
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
- Rational Inflationary Bubbles
NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
See also Journal Article Rational inflationary bubbles, Journal of Monetary Economics, Elsevier (1988) View citations (30) (1988)
- The Illusion of Stabilization Policy?
NBER Working Papers, National Bureau of Economic Research, Inc
See also Journal Article The illusion of stabilization policy?, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1986) (1986)
1985
- Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation
NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
See also Journal Article Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation, American Economic Review, American Economic Association (1988) View citations (333) (1988)
- The Impossibility of Rational Bubbles
NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
1984
- Counterfactuals, Forecasts, and Choice-Theoretic Modelling of Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
- Rational Bubbles in the Price of Gold
NBER Working Papers, National Bureau of Economic Research, Inc View citations (55)
- Seigniorage, Inflation, and Reputation
NBER Working Papers, National Bureau of Economic Research, Inc
See also Journal Article Seigniorage, inflation, and reputation, Journal of Monetary Economics, Elsevier (1986) View citations (8) (1986)
1983
- Rational Asset Price Bubbles
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
- Shunto, Rational Expectations, and Output Growth in Japan
NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
See also Journal Article Shunto, Rational Expectations, and Output Growth in Japan, Empirical Economics, Springer (1989) View citations (5) (1989)
1982
- The American Fiscal Deficit: Facts and Effects
NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
- 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 (3)
See also Journal Article The natural-rate hypothesis, the rational-expectations hypothesis, and the remarkable survival of non-market-clearing assumptions, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1983) View citations (6) (1983)
1981
- Employment Effects of the Federal Minimum Wage
NBER Working Papers, National Bureau of Economic Research, Inc
- Familial Love and Intertemporal Optimality
NBER Working Papers, National Bureau of Economic Research, Inc
- Indexation of the Minimum Wage with Rational Expectations
NBER Working Papers, National Bureau of Economic Research, Inc
- Tests of Equilibrium Macroeconomics Using Contemporaneous Monetary Data
NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
See also Journal Article Tests of equilibrium macroeconomics using contemporaneous monetary data, Journal of Monetary Economics, Elsevier (1982) View citations (34) (1982)
- The Federal Minimum Wage, Inflation, and Employment
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
1980
- Incomplete Information, Risk Shifting, and Employment Fluctuations
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
See also Journal Article Incomplete Information, Risk Shifting, and Employment Fluctuations, The Review of Economic Studies, Review of Economic Studies Ltd (1981) View citations (4) (1981)
- Monetary Information and Macroeconomic Fluctuations
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
- Risk Shifting, Unemployment Insurance, and Layoffs
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
Journal Articles
2013
- Choosing Between Peace and War
Annals of Economics and Finance, 2013, 14, (2), 765-783 View citations (5)
See also Working Paper Choosing Between Peace and War, NBER Working Papers (2003) View citations (8) (2003)
2008
- A THEORY OF THE INFORMAL SECTOR
Economics and Politics, 2008, 20, (1), 62-79 View citations (14)
See also Working Paper A Theory of the Informal Sector, NBER Working Papers (2002) View citations (21) (2002)
- The war against drug producers
Economics of Governance, 2008, 9, (1), 5-23 View citations (16)
See also Working Paper The War Against Drug Producers, NBER Working Papers (2005) View citations (7) (2005)
2005
- Inventors and pirates: creative activity and intellectual property rights
European Journal of Political Economy, 2005, 21, (2), 269-285 View citations (3)
See also Working Paper Inventors and Pirates: Creative Activity and Intellectual Property Rights, NBER Working Papers (2000) (2000)
2004
- Constitution or Conflict?
Conflict Management and Peace Science, 2004, 21, (1), 29-42 View citations (2)
See also Working Paper Constitution or Conflict?, NBER Working Papers (2002) View citations (4) (2002)
2003
- Distributional Disputes and Civil Conflict
Latin American Journal of Economics-formerly Cuadernos de Economía, 2003, 40, (121), 608-616 View citations (2)
See also Working Paper Distributional Disputes and Civil Conflict, NBER Working Papers (2003) View citations (2) (2003)
- Distributional Disputes and Civil Conflict - Mathematical Appendix
Latin American Journal of Economics-formerly Cuadernos de Economía, 2003, 40, (121), 616-616 View citations (1)
- Educational Inequality
LABOUR, 2003, 17, (3), 317-335 View citations (1)
See also Working Paper Educational Inequality, NBER Working Papers (2001) View citations (4) (2001)
- Educational Policy: Egalitarian or Elitist?
Economics and Politics, 2003, 15, (3), 225-246 View citations (21)
See also Working Paper Educational Policy: Egalitarian or Elitist?, Working Papers (1999) View citations (4) (1999)
- Scarcity and appropriative competition
European Journal of Political Economy, 2003, 19, (4), 747-758 View citations (58)
2002
- "Make us a king": anarchy, predation, and the state
European Journal of Political Economy, 2002, 18, (1), 31-46 View citations (66)
See also Working Paper "Make Us a King": Anarchy, Predation, and the State, NBER Working Papers (1997) View citations (12) (1997)
- Is a moral disposition rewarded?
Journal of Banking & Finance, 2002, 26, (9), 1811-1820
- Predation, Efficiency, and Inequality
Journal of Institutional and Theoretical Economics (JITE), 2002, 158, (3), 393-407 View citations (16)
See also Working Paper Predation, Efficiency, and Inequality, NBER Working Papers (1997) View citations (8) (1997)
2001
- Butter and guns: Complementarity between economic and military competition
Economics of Governance, 2001, 2, (1), 25-33 View citations (7)
- Cooption and Repression in the Soviet Union
Economics and Politics, 2001, 13, (1), 31-47 View citations (11)
- Incentives and corruption in chinese economic reform
Journal of Economic Policy Reform, 2001, 4, (3), 195-206 View citations (7)
- The Creation of Effective Property Rights
American Economic Review, 2001, 91, (2), 347-352 View citations (87)
See also Working Paper The Creation of Effective Property Rights, Working Papers (2000) View citations (5) (2000)
2000
- Civil Conflict
Journal of Conflict Resolution, 2000, 44, (6), 808-822 View citations (14)
- Predators, moral decay, and moral revivals
European Journal of Political Economy, 2000, 16, (2), 173-187 View citations (18)
- The state: Agent or proprietor?
Economics of Governance, 2000, 1, (1), 3-11 View citations (15)
1999
- Kleptocracy and Revolutions
Oxford Economic Papers, 1999, 51, (2), 267-83 View citations (107)
- Sovereign debt and consumption smoothing
Journal of Monetary Economics, 1999, 44, (1), 149-158 View citations (30)
See also Working Paper Sovereign Debt and Consumption Smoothing, NBER Working Papers (1997) View citations (1) (1997)
1996
- Carl Christ teaching and watching
Carnegie-Rochester Conference Series on Public Policy, 1996, 45, (1), 11-12
- Predation and Accumulation
Journal of Economic Growth, 1996, 1, (3), 333-50 View citations (79)
See also Working Paper Predation and Accumulation, NBER Working Papers (1995) View citations (2) (1995)
- War Debt, Moral Hazard, and the Financing of the Confederacy
Journal of Money, Credit and Banking, 1996, 28, (2), 200-215 View citations (7)
1995
- Robin hood and the redistribution of property income
European Journal of Political Economy, 1995, 11, (3), 399-410 View citations (65)
- Scholarships: Need or Merit?
Cato Journal, 1995, 14, (3), 519-525
- Swords or Plowshares? A Theory of the Security of Claims to Property
Journal of Political Economy, 1995, 103, (6), 1275-88 View citations (417)
- THE PROFITABILITY OF COLONIAL INVESTMENT
Economics and Politics, 1995, 7, (3), 229-241 View citations (14)
1994
- Production, Appropriation, and Land Reform
American Economic Review, 1994, 84, (3), 705-12 View citations (119)
- Proprietary public finance and economic welfare
Journal of Public Economics, 1994, 53, (2), 187-204 View citations (67)
1993
- Nominal sovereign debt, risk shifting, and reputation
Journal of Economics and Business, 1993, 45, (3-4), 341-352 View citations (4)
See also Working Paper Nominally Sovereign Debt, Risk Shifting, and Reputation, NBER Working Papers (1987) View citations (2) (1987)
1992
- Business cycle development and the agenda for business cycle research: commentary
Proceedings, 1992, 197-201
1991
- A General Equilibrium Model of Insurrections
American Economic Review, 1991, 81, (4), 912-21 View citations (401)
- Monetary economics: A review essay
Journal of Monetary Economics, 1991, 28, (2), 323-345 View citations (6)
See also Working Paper Monetary Economics: A Review Essay, NBER Working Papers (1991) View citations (5) (1991)
- Seigniorage as a Tax: A Quantitative Evaluation: Comment
Journal of Money, Credit and Banking, 1991, 23, (3), 480-82
1990
- A THEORY OF KLEPTOCRACY WITH PROBABILISTIC SURVIVAL AND REPUTATION*
Economics and Politics, 1990, 2, (2), 157-171 View citations (40)
- Inflation and Reputation with Generic Policy Preferences
Journal of Money, Credit and Banking, 1990, 22, (2), 165-77 View citations (3)
1989
- Forecasting monetary policy a comment
Carnegie-Rochester Conference Series on Public Policy, 1989, 31, (1), 297-301
- Shunto, Rational Expectations, and Output Growth in Japan
Empirical Economics, 1989, 14, (3), 193-213 View citations (5)
See also Working Paper Shunto, Rational Expectations, and Output Growth in Japan, NBER Working Papers (1983) View citations (6) (1983)
1988
- Explosive Rational Bubbles in Stock Prices?
American Economic Review, 1988, 78, (3), 520-30 View citations (415)
- Rational inflationary bubbles
Journal of Monetary Economics, 1988, 21, (1), 35-46 View citations (30)
See also Working Paper Rational Inflationary Bubbles, NBER Working Papers (1986) View citations (24) (1986)
- Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation
American Economic Review, 1988, 78, (5), 1088-97 View citations (333)
See also Working Paper Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation, NBER Working Papers (1985) View citations (14) (1985)
- The Theory of Rational Bubbles in Stock Prices
Economic Journal, 1988, 98, (392), 746-54 View citations (193)
1987
- On the Inception of Rational Bubbles
The Quarterly Journal of Economics, 1987, 102, (3), 697-700 View citations (86)
1986
- Rationalité, monnaie et activité
Revue de l'OFCE, 1986, 15, (1), 207-216 View citations (1)
- Seigniorage, inflation, and reputation
Journal of Monetary Economics, 1986, 18, (1), 21-31 View citations (8)
See also Working Paper Seigniorage, Inflation, and Reputation, NBER Working Papers (1984) (1984)
- The illusion of stabilization policy?
Carnegie-Rochester Conference Series on Public Policy, 1986, 25, (1), 221-235
See also Working Paper The Illusion of Stabilization Policy?, NBER Working Papers (1986) (1986)
1983
- 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 View citations (6)
See also Working Paper The Natural-Rate Hypothesis, the Rational-Expectations Hypothesis, and the Remarkable Survival of Non-Market-Clearing Assumptions, NBER Working Papers (1982) View citations (3) (1982)
1982
- $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 View citations (1)
- Tests of equilibrium macroeconomics using contemporaneous monetary data
Journal of Monetary Economics, 1982, 10, (3), 309-333 View citations (34)
See also Working Paper Tests of Equilibrium Macroeconomics Using Contemporaneous Monetary Data, NBER Working Papers (1981) View citations (6) (1981)
- The Effects of Demand Disturbances under Alternative Exchange-Rate Regimes
Oxford Economic Papers, 1982, 34, (1), 78-97 View citations (3)
- Transition from inflation to price stability: A comment on Garber
Carnegie-Rochester Conference Series on Public Policy, 1982, 16, (1), 43-46
1981
- Fixed Wages, Layoffs, Unemployment Compensation, and Welfare: Note
American Economic Review, 1981, 71, (3), 483-84
- Incomplete Information, Risk Shifting, and Employment Fluctuations
The Review of Economic Studies, 1981, 48, (2), 189-197 View citations (4)
See also Working Paper Incomplete Information, Risk Shifting, and Employment Fluctuations, NBER Working Papers (1980) View citations (2) (1980)
1979
- Adverse Selection, Dissembling, and Competitive Equilibrium
Bell Journal of Economics, 1979, 10, (1), 336-343 View citations (41)
- Employment Fluctuations and the Mitigation of Risk
Economic Inquiry, 1979, 17, (3), 344-58 View citations (5)
- The Brechling-Utgoff and Nickell papers: Comments
Carnegie-Rochester Conference Series on Public Policy, 1979, 11, (1), 249-252
- Why Does Aggregate Employment Fluctuate?
American Economic Review, 1979, 69, (2), 64-69 View citations (6)
1978
- Risk shifting, layoffs, and seniority
Journal of Monetary Economics, 1978, 4, (4), 661-686 View citations (8)
1975
- Money Balances, Commodity Inventories, and Inflationary Expectations
Journal of Political Economy, 1975, 83, (6), 1093-1112 View citations (2)
- Tobin on Macroeconomics: A Review Article
Journal of Political Economy, 1975, 83, (4), 829-47 View citations (1)
1974
- Suppressed Inflation and the Supply Multiplier
The Review of Economic Studies, 1974, 41, (1), 87-104 View citations (21)
- The Macro-Economic Effects of Productive Public Expenditures
The Manchester School of Economic & Social Studies, 1974, 42, (2), 162-70 View citations (16)
- The Nature of Quantities in Market Disequilibrium
American Economic Review, 1974, 64, (3), 509-14 View citations (3)
1973
- Aggregate Demand, Job Search, and Employment
Journal of Political Economy, 1973, 81, (6), 1353-69 View citations (6)
1972
- A Choice-Theoretic Model of an Income-Investment Accelerator
American Economic Review, 1972, 62, (4), 630-41 View citations (7)
- Was Keynes a "Keynesian"? A Review Article
Journal of Economic Literature, 1972, 10, (1), 26-35
1971
- A General Disequilibrium Model of Income and Employment
American Economic Review, 1971, 61, (1), 82-93 View citations (333)
- Money, Interest, and Prices in Market Disequilibrium
Journal of Political Economy, 1971, 79, (5), 943-61 View citations (30)
1969
- Expectations, Transactions Costs, and Asset Demands
Journal of Finance, 1969, 24, (3), 491-506 View citations (2)
- Theories of markets without recontracting
Journal of Economic Theory, 1969, 1, (4), 476-479 View citations (6)
1968
- The Reserve Base, Reserve Requirements, and the Equilibrium Rate of Interest: Reply
The Quarterly Journal of Economics, 1968, 82, (3), 504-507
1967
- RISK AVERSION, FINANCIAL INTERMEDIATION, AND THE TERM STRUCTURE OF INTEREST RATES
Journal of Finance, 1967, 22, (4), 611-622
- The Reserve Base, Reserve Requirements, and the Equilibrium Rate of Interst
The Quarterly Journal of Economics, 1967, 81, (2), 312-320
1966
- PUBLIC ASSETS AND LIABILITIES IN A MACRO‐ECONOMIC MODEL
Journal of Finance, 1966, 21, (1), 133-134
1965
- A Stochastic Model of Commercial Bank Behavior
The American Economist, 1965, 9, (1), 27-34
Books
2008
- Money Employment and Inflation
Cambridge Books, Cambridge University Press
Chapters
1995
- Insurrections
Chapter 08 in Handbook of Defense Economics, 1995, vol. 1, pp 191-212 View citations (7)
1981
- Risk Shifting, Statistical Discrimination, and the Stability of Earnings
A chapter in Studies in Labor Markets, 1981, pp 295-318 View citations (1)
1980
- Rational Expectations, Business Cycles, and Government Behavior
A chapter in Rational Expectations and Economic Policy, 1980, pp 5-22 View citations (9)
1978
- Risk Shifting and Reliability in Labor Markets
Palgrave Macmillan
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