BARRY J. FRASER, JOHN C. WILLIAMSON and KENNETH TOBIN
A report is provided of an evaluation of two “Senior Colleges” designed to offer viable alternatives to traditional secondary education for students above the age of compulsory…
Abstract
A report is provided of an evaluation of two “Senior Colleges” designed to offer viable alternatives to traditional secondary education for students above the age of compulsory schooling. The evaluation involved several researchers working independently and information collected using a variety of both quantitative and qualitative methods (including student and staff interviews and questionnaire surveys, nominal group procedures with staff and administration of instruments assessing student perceptions of classroom‐level and teacher perceptions of school‐level environment). The most striking finding emerging from almost every aspect of the evaluation was the success of the Colleges in creating a positive ethos for both students and staff. Some of the areas of concern which were identified included a relatively low level of student cohesiveness, confusion about the purpose of the Colleges, the distracting behaviour of some younger students and staff's conditions of service.
This chapter focuses on one particular practice that came to the forefront in over a dozen teacher education sessions with government schoolteachers in southern India- the…
Abstract
This chapter focuses on one particular practice that came to the forefront in over a dozen teacher education sessions with government schoolteachers in southern India- the reflective practice “Dialogic Modeling.” This chapter delves into two primary facets of dialogic modeling: how it operates and how it fosters opportunities to study the practices being modeled. To help supporters’ and critics’ reading, this chapter examines the form of several episodes of dialogic modeling. By form, the author refers to terms such as logic, structure, and conditions. This form and function analytic is critical to recognizing the mechanics of the practice, and provides an understanding of how a reflective dialogic practice can operate. The chapter also takes up why this form matters for how teachers learn to do their work, and how doing the work of teaching can be bolstered through reflective practice. By doing so, the chapter aims to provide additional warrants for the claims that teacher education can, and likely should, involve teacher-learners in the deliberate study of principled practices. Moreover, the author argues that modeling as it is commonly done leaves much to chance and squanders the opportunity to learn and build teachers’ capacities.
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Presents the first chapter in this work with regard to the search for new ideas and better interpretations in the growth and development of new ideas. Investigates the exchange of…
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Presents the first chapter in this work with regard to the search for new ideas and better interpretations in the growth and development of new ideas. Investigates the exchange of views between thinkers of different points of view. Invites co‐operation between various factions to investigate unification of all known sciences (natural and economic) and to include the arts. Mentions all the great thinkers in these areas and unreservedly discusses their contribution in the school of thought. Proffers that modern technology cannot and should not be slowed down and that for the social economy of human solidarity should be aimed for, to begin a new era for humanity.
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Looks at the differences in new and old methodology with regard to economics and discusses the theories laid down by Quesnay and Smith in the eighteenth century, and also the…
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Looks at the differences in new and old methodology with regard to economics and discusses the theories laid down by Quesnay and Smith in the eighteenth century, and also the modern revolution started by Malthus (1820). Further discusses the variations in thought by all the great thinkers in this discipline and shows improvements or errors made by them. Concludes that there will be further breakthroughs and that there are no boundaries involved in this sphere.
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Looks at the impact John Maynard Keynes and the movement (Keynesian) he started had on the theory and practice of economics in the 1930s and onwards. Identifies respective…
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Looks at the impact John Maynard Keynes and the movement (Keynesian) he started had on the theory and practice of economics in the 1930s and onwards. Identifies respective problems about capitalism and discusses them in depth. States that the monetary and fiscal policies recommended by Keynes have helped the West escape severe social consequences in the aftermath of the Great Depression. Goes on to show how economists after Keynes carried his work forward and upward in the 1940s and 1950s. Closes by stating there is a further, third revolution in economic thinking on the rise.
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Presents evidence from the literature that Jews are generally to be found on the left side of the political economic spectrum. Various thories have been put foward to explain this…
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Presents evidence from the literature that Jews are generally to be found on the left side of the political economic spectrum. Various thories have been put foward to explain this phenomenon: historical accident, reaction to stereotypes, intellectualism, and the Mishnah. Concludes that Jews, even orthodox ones, are liberals and leftists.
Examines how the different concepts of rationality have been used(and confused) by economists who have followed modern philosophers′understanding of human reason. Offers a…
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Examines how the different concepts of rationality have been used (and confused) by economists who have followed modern philosophers′ understanding of human reason. Offers a philosophical discussion as a means to understanding rationality and its incumbent problems of interpretation.
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Kenneth Yung, Diane DeQing Li and Yi Jian
The purpose of this paper is to examine the effects of managerial decision horizon (MDH) on real estate investment trust (REIT) behavior and performance.
Abstract
Purpose
The purpose of this paper is to examine the effects of managerial decision horizon (MDH) on real estate investment trust (REIT) behavior and performance.
Design/methodology/approach
In this study, the authors expand the number of proxies and measure managerial horizon by CEO age, CEO tenure, cash compensation relative to total compensation, and the amount of vested equity-based compensation to total compensation. To avoid potential measurement error, the authors compute the average ranking score of the four individual measures to determine the overall MDH of a CEO. Cross-sectional time series regressions are then performed on the effects of CEO MDH on REIT policies and performance. The authors also examine if the effect of myopic MDH can be mitigated by good corporate governance. For robustness purpose, the authors also compare the effects of age-related MDH and compensation-related MDH.
Findings
The results show that REITs managed by CEOs with short MDHs have lower levels of asset growth and a lower standard deviation of return on assets. These REITs also have lower debt levels, lower dividend payouts, and hold more cash. The results suggest that short-horizon CEOs have incentives to lower investment risk, default risk, and liquidity risk at the firm level in order to protect personal benefits. CEOs with a short horizon also have a negative impact on REIT performance. The results also show that CEO compensation-related horizon problems are mitigated by corporate governance, but CEO age-related horizon problems are significant and persistent. The results suggest that age-related behavioral biases of the CEO are important determinants of corporate decisions.
Practical implications
The results of this study suggest that the managerial behavioral biases should be considered in understanding firm behavior.
Originality/value
This is the first study that examines the effects of MDH on REIT behavior and performance. The unique regulatory environment of REITs makes them less susceptible to agency problems of free cash flow and thus provides a clearer picture of the effect of MDH. Prior studies focus on the effect of managerial horizon on firm investment activity, this study expands the scope to examine the effects on investment and financial policies. In addition, this study adds to the literature by showing that the effect of age-related horizon problems may not be mitigated by good corporate governance.
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Maxime Desmarais-Tremblay and Marianne Johnson
Alvin Hansen and John Williams’ Fiscal Policy Seminar at Harvard University is widely regarded as a key mechanism for the spread of Keynesianism in the United States. An original…
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Alvin Hansen and John Williams’ Fiscal Policy Seminar at Harvard University is widely regarded as a key mechanism for the spread of Keynesianism in the United States. An original and regular participant, Richard A. Musgrave was invited to prepare remarks for the fiftieth anniversary of the seminar in 1988. These were never published, though a copy was filed with Musgrave’s papers at Princeton University. Their reproduction here is important for several reasons. First, it is one of the last reminiscences of the original participants. Second, the remarks make an important contribution to our understanding of the Harvard School of macro-fiscal policy. Third, the remarks provide interesting insights into Musgrave’s views on national economic policymaking as well as the intersection between theory and practice. The reminiscence demonstrates the importance of the seminar in shifting Musgrave’s research focus and moving him to a more pragmatic approach to public finance.