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Details about Herschel I. Grossman

This author is deceased (2004-10-09).

Access statistics for papers by Herschel I. Grossman.

Last updated 2021-05-29. 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 Downloads View citations (7)
    See also Journal Article in Economics of Governance (2008)

2004

  1. Peace and War in Territorial Disputes
    Working Papers, Brown University, Department of Economics Downloads View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (10)

2003

  1. ... and six hundred thousand men were dead
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. Choosing Between Peace and War
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    See also Journal Article in Annals of Economics and Finance (2013)
  3. Distributional Disputes and Civil Conflict
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Latin American Journal of Economics-formerly Cuadernos de Economía (2003)
  4. Fifty-four Forty or Fight!
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)

2002

  1. A Theory of the Informal Sector
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)
    See also Journal Article in Economics and Politics (2008)
  2. Constitution or Conflict?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article in Conflict Management and Peace Science (2004)

2001

  1. Annexation or Conquest? The Economics of Empire Building
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
  2. Educational Inequality
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article in LABOUR (2003)

2000

  1. Inventors and Pirates: Creative Activity and Intellectual Property Rights
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in European Journal of Political Economy (2005)
  2. 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) Downloads View citations (3)

    See also Journal Article in American Economic Review (2001)

1999

  1. Educational Policy: Egalitarian or Elitist?
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna Downloads View citations (4)
    See also Journal Article in Economics and Politics (2003)
  2. Producers and Predators
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Working Papers, Brown University, Department of Economics (1998) View citations (26)

1998

  1. Human Capital and Predation: A Positive Theory of Educational Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)

1997

  1. "Make Us a King": Anarchy, Predation, and the State
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    See also Journal Article in European Journal of Political Economy (2002)
  2. Predation, Efficiency, and Inequality
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article in Journal of Institutional and Theoretical Economics (JITE) (2002)
  3. Sovereign Debt and Consumption Smoothing
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Journal of Monetary Economics (1999)

1996

  1. Inequality, Predation and Welfare
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)

1995

  1. American Fiscal Policy in the 1990's
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. Predation and Accumulation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Journal of Economic Growth (1996)

1993

  1. Population Increase, Extralegal Appropriation, and the End of Colonialism
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  2. The Profitabality of Colonialism
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)

1991

  1. A Theory of War Finance
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
  2. Monetary Economics: A Review Essay
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Journal of Monetary Economics (1991)

1988

  1. Proprietary Public Finance, Political Competition, and Reputation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. The Political Economy of War Debts and Inflation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)

1987

  1. A Generic Model of Monetary Policy, Inflation, and Reputation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  2. Lending to an Insecure Sovereign
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  3. Nominally Sovereign Debt, Risk Shifting, and Reputation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Journal of Economics and Business (1993)
  4. Rational bubbles in stock prices?
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1985) Downloads View citations (5)

1986

  1. On the Inception of Rational Bubbles in Stock Prices
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  2. Rational Inflationary Bubbles
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (23)
    See also Journal Article in Journal of Monetary Economics (1988)
  3. The Illusion of Stabilization Policy?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1986)

1985

  1. Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
    See also Journal Article in American Economic Review (1988)
  2. The Impossibility of Rational Bubbles
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)

1984

  1. Counterfactuals, Forecasts, and Choice-Theoretic Modelling of Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  2. Rational Bubbles in the Price of Gold
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (40)
  3. Seigniorage, Inflation, and Reputation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Journal of Monetary Economics (1986)

1983

  1. Rational Asset Price Bubbles
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
  2. Shunto, Rational Expectations, and Output Growth in Japan
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article in Empirical Economics (1989)

1982

  1. The American Fiscal Deficit: Facts and Effects
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
  2. 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 Downloads View citations (2)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1983)

1981

  1. Employment Effects of the Federal Minimum Wage
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. Familial Love and Intertemporal Optimality
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  3. Indexation of the Minimum Wage with Rational Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  4. Tests of Equilibrium Macroeconomics Using Contemporaneous Monetary Data
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    See also Journal Article in Journal of Monetary Economics (1982)
  5. The Federal Minimum Wage, Inflation, and Employment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)

1980

  1. Incomplete Information, Risk Shifting, and Employment Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Review of Economic Studies (1981)
  2. Monetary Information and Macroeconomic Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  3. Risk Shifting, Unemployment Insurance, and Layoffs
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)

Journal Articles

2013

  1. Choosing Between Peace and War
    Annals of Economics and Finance, 2013, 14, (2), 765-783 Downloads View citations (4)
    See also Working Paper (2003)

2008

  1. A THEORY OF THE INFORMAL SECTOR
    Economics and Politics, 2008, 20, (1), 62-79 Downloads View citations (11)
    See also Working Paper (2002)
  2. The war against drug producers
    Economics of Governance, 2008, 9, (1), 5-23 Downloads View citations (14)
    See also Working Paper (2005)

2005

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

2004

  1. Constitution or Conflict?
    Conflict Management and Peace Science, 2004, 21, (1), 29-42 Downloads View citations (2)
    See also Working Paper (2002)

2003

  1. Distributional Disputes and Civil Conflict
    Latin American Journal of Economics-formerly Cuadernos de Economía, 2003, 40, (121), 608-616 Downloads View citations (2)
    See also Working Paper (2003)
  2. Distributional Disputes and Civil Conflict - Mathematical Appendix
    Latin American Journal of Economics-formerly Cuadernos de Economía, 2003, 40, (121), 616-616 Downloads View citations (1)
  3. Educational Inequality
    LABOUR, 2003, 17, (3), 317-335 Downloads View citations (1)
    See also Working Paper (2001)
  4. Educational Policy: Egalitarian or Elitist?
    Economics and Politics, 2003, 15, (3), 225-246 Downloads View citations (20)
    See also Working Paper (1999)
  5. Scarcity and appropriative competition
    European Journal of Political Economy, 2003, 19, (4), 747-758 Downloads View citations (53)

2002

  1. "Make us a king": anarchy, predation, and the state
    European Journal of Political Economy, 2002, 18, (1), 31-46 Downloads View citations (63)
    See also Working Paper (1997)
  2. Is a moral disposition rewarded?
    Journal of Banking & Finance, 2002, 26, (9), 1811-1820 Downloads
  3. Predation, Efficiency, and Inequality
    Journal of Institutional and Theoretical Economics (JITE), 2002, 158, (3), 393-407 Downloads View citations (12)
    See also Working Paper (1997)

2001

  1. Butter and guns: Complementarity between economic and military competition
    Economics of Governance, 2001, 2, (1), 25-33 View citations (6)
  2. Cooption and Repression in the Soviet Union
    Economics and Politics, 2001, 13, (1), 31-47 Downloads View citations (10)
  3. Incentives and corruption in chinese economic reform
    Journal of Economic Policy Reform, 2001, 4, (3), 195-206 Downloads View citations (5)
  4. The Creation of Effective Property Rights
    American Economic Review, 2001, 91, (2), 347-352 Downloads View citations (77)
    See also Working Paper (2000)

2000

  1. Civil Conflict
    Journal of Conflict Resolution, 2000, 44, (6), 808-822 Downloads View citations (14)
  2. Predators, moral decay, and moral revivals
    European Journal of Political Economy, 2000, 16, (2), 173-187 Downloads View citations (17)
  3. The state: Agent or proprietor?
    Economics of Governance, 2000, 1, (1), 3-11 View citations (12)

1999

  1. Kleptocracy and Revolutions
    Oxford Economic Papers, 1999, 51, (2), 267-83 View citations (92)
  2. Sovereign debt and consumption smoothing
    Journal of Monetary Economics, 1999, 44, (1), 149-158 Downloads View citations (29)
    See also Working Paper (1997)

1996

  1. Carl Christ teaching and watching
    Carnegie-Rochester Conference Series on Public Policy, 1996, 45, (1), 11-12 Downloads
  2. Predation and Accumulation
    Journal of Economic Growth, 1996, 1, (3), 333-50 View citations (67)
    See also Working Paper (1995)
  3. War Debt, Moral Hazard, and the Financing of the Confederacy
    Journal of Money, Credit and Banking, 1996, 28, (2), 200-215 Downloads View citations (6)

1995

  1. Robin hood and the redistribution of property income
    European Journal of Political Economy, 1995, 11, (3), 399-410 Downloads View citations (58)
  2. Scholarships: Need or Merit?
    Cato Journal, 1995, 14, (3), 519-525 Downloads
  3. Swords or Plowshares? A Theory of the Security of Claims to Property
    Journal of Political Economy, 1995, 103, (6), 1275-88 Downloads View citations (350)
  4. THE PROFITABILITY OF COLONIAL INVESTMENT
    Economics and Politics, 1995, 7, (3), 229-241 Downloads View citations (9)

1994

  1. Production, Appropriation, and Land Reform
    American Economic Review, 1994, 84, (3), 705-12 Downloads View citations (103)
  2. Proprietary public finance and economic welfare
    Journal of Public Economics, 1994, 53, (2), 187-204 Downloads View citations (62)

1993

  1. Nominal sovereign debt, risk shifting, and reputation
    Journal of Economics and Business, 1993, 45, (3-4), 341-352 Downloads View citations (3)
    See also Working Paper (1987)

1992

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

1991

  1. A General Equilibrium Model of Insurrections
    American Economic Review, 1991, 81, (4), 912-21 Downloads View citations (361)
  2. Monetary economics: A review essay
    Journal of Monetary Economics, 1991, 28, (2), 323-345 Downloads View citations (5)
    See also Working Paper (1991)
  3. Seigniorage as a Tax: A Quantitative Evaluation: Comment
    Journal of Money, Credit and Banking, 1991, 23, (3), 480-82

1990

  1. A THEORY OF KLEPTOCRACY WITH PROBABILISTIC SURVIVAL AND REPUTATION*
    Economics and Politics, 1990, 2, (2), 157-171 Downloads View citations (34)
  2. Inflation and Reputation with Generic Policy Preferences
    Journal of Money, Credit and Banking, 1990, 22, (2), 165-77 Downloads View citations (3)

1989

  1. Forecasting monetary policy a comment
    Carnegie-Rochester Conference Series on Public Policy, 1989, 31, (1), 297-301 Downloads
  2. Shunto, Rational Expectations, and Output Growth in Japan
    Empirical Economics, 1989, 14, (3), 193-213 View citations (2)
    See also Working Paper (1983)

1988

  1. Explosive Rational Bubbles in Stock Prices?
    American Economic Review, 1988, 78, (3), 520-30 View citations (327)
  2. Rational inflationary bubbles
    Journal of Monetary Economics, 1988, 21, (1), 35-46 Downloads View citations (26)
    See also Working Paper (1986)
  3. Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation
    American Economic Review, 1988, 78, (5), 1088-97 Downloads View citations (258)
    See also Working Paper (1985)
  4. The Theory of Rational Bubbles in Stock Prices
    Economic Journal, 1988, 98, (392), 746-54 Downloads View citations (147)

1987

  1. On the Inception of Rational Bubbles
    The Quarterly Journal of Economics, 1987, 102, (3), 697-700 Downloads View citations (70)

1986

  1. Rationalité, monnaie et activité
    Revue de l'OFCE, 1986, 15, (1), 207-216 Downloads View citations (1)
  2. Seigniorage, inflation, and reputation
    Journal of Monetary Economics, 1986, 18, (1), 21-31 Downloads View citations (5)
    See also Working Paper (1984)
  3. The illusion of stabilization policy?
    Carnegie-Rochester Conference Series on Public Policy, 1986, 25, (1), 221-235 Downloads
    See also Working Paper (1986)

1983

  1. 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 Downloads View citations (4)
    See also Working Paper (1982)

1982

  1. $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 Downloads View citations (1)
  2. Tests of equilibrium macroeconomics using contemporaneous monetary data
    Journal of Monetary Economics, 1982, 10, (3), 309-333 Downloads View citations (34)
    See also Working Paper (1981)
  3. The Effects of Demand Disturbances under Alternative Exchange-Rate Regimes
    Oxford Economic Papers, 1982, 34, (1), 78-97 Downloads View citations (3)
  4. Transition from inflation to price stability: A comment on Garber
    Carnegie-Rochester Conference Series on Public Policy, 1982, 16, (1), 43-46 Downloads

1981

  1. Fixed Wages, Layoffs, Unemployment Compensation, and Welfare: Note
    American Economic Review, 1981, 71, (3), 483-84 Downloads
  2. Incomplete Information, Risk Shifting, and Employment Fluctuations
    Review of Economic Studies, 1981, 48, (2), 189-197 Downloads View citations (3)
    See also Working Paper (1980)

1979

  1. Adverse Selection, Dissembling, and Competitive Equilibrium
    Bell Journal of Economics, 1979, 10, (1), 336-343 Downloads View citations (24)
  2. Employment Fluctuations and the Mitigation of Risk
    Economic Inquiry, 1979, 17, (3), 344-58 View citations (5)
  3. The Brechling-Utgoff and Nickell papers: Comments
    Carnegie-Rochester Conference Series on Public Policy, 1979, 11, (1), 249-252 Downloads
  4. Why Does Aggregate Employment Fluctuate?
    American Economic Review, 1979, 69, (2), 64-69 Downloads View citations (6)

1978

  1. Risk shifting, layoffs, and seniority
    Journal of Monetary Economics, 1978, 4, (4), 661-686 Downloads View citations (7)

1975

  1. Money Balances, Commodity Inventories, and Inflationary Expectations
    Journal of Political Economy, 1975, 83, (6), 1093-1112 Downloads View citations (2)
  2. Tobin on Macroeconomics: A Review Article
    Journal of Political Economy, 1975, 83, (4), 829-47 Downloads View citations (1)

1974

  1. Suppressed Inflation and the Supply Multiplier
    Review of Economic Studies, 1974, 41, (1), 87-104 Downloads View citations (15)
  2. The Macro-Economic Effects of Productive Public Expenditures
    The Manchester School of Economic & Social Studies, 1974, 42, (2), 162-70 View citations (16)
  3. The Nature of Quantities in Market Disequilibrium
    American Economic Review, 1974, 64, (3), 509-14 Downloads View citations (3)

1973

  1. Aggregate Demand, Job Search, and Employment
    Journal of Political Economy, 1973, 81, (6), 1353-69 Downloads View citations (5)

1972

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

1971

  1. A General Disequilibrium Model of Income and Employment
    American Economic Review, 1971, 61, (1), 82-93 Downloads View citations (258)
  2. Money, Interest, and Prices in Market Disequilibrium
    Journal of Political Economy, 1971, 79, (5), 943-61 Downloads View citations (24)

1969

  1. Expectations, Transactions Costs, and Asset Demands
    Journal of Finance, 1969, 24, (3), 491-506 Downloads View citations (2)
  2. Theories of markets without recontracting
    Journal of Economic Theory, 1969, 1, (4), 476-479 Downloads View citations (5)

1968

  1. The Reserve Base, Reserve Requirements, and the Equilibrium Rate of Interest: Reply
    The Quarterly Journal of Economics, 1968, 82, (3), 504-507 Downloads

1967

  1. RISK AVERSION, FINANCIAL INTERMEDIATION, AND THE TERM STRUCTURE OF INTEREST RATES
    Journal of Finance, 1967, 22, (4), 611-622 Downloads
  2. The Reserve Base, Reserve Requirements, and the Equilibrium Rate of Interst
    The Quarterly Journal of Economics, 1967, 81, (2), 312-320 Downloads

1966

  1. PUBLIC ASSETS AND LIABILITIES IN A MACRO‐ECONOMIC MODEL
    Journal of Finance, 1966, 21, (1), 133-134 Downloads

1965

  1. A Stochastic Model of Commercial Bank Behavior
    The American Economist, 1965, 9, (1), 27-34 Downloads

Books

2008

  1. Money Employment and Inflation
    Cambridge Books, Cambridge University Press

Chapters

1995

  1. Insurrections
    Chapter 08 in Handbook of Defense Economics, 1995, vol. 1, pp 191-212 Downloads View citations (7)

1981

  1. Risk Shifting, Statistical Discrimination, and the Stability of Earnings
    A chapter in Studies in Labor Markets, 1981, pp 295-318 Downloads View citations (1)

1980

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