Economics Faculty Book Gallery

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  Coal In Appalachia: An Economic Analysis

  Coal, the nation's most abundant fossil fuel and the only one that is exported, represents one of our most valuable natural resources. This study undertakes a thorough review of the economics of the Appalachian coal industry. It establishes, first of all, the international framework within which the American and the Appalachian coal industry function. It next examines the underlying principles that govern the production of and the demand for coal. This demand is influenced not only by price but also by world politics, the economic well-being of dozens of countries, government regulation, and the availability of fuel substitutes. Included are ...Read More

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  The Economics of Kentucky Coal

  The energy problem confronting the United States has focused attention on Kentucky's coal. Mr. Harvey here presents a comprehensive analysis of the coal industry in Kentucky, which consistently produces more than a fifth of the nation's coal. Because the coal industries in eastern and western Kentucky differ in many respects, Mr. Harvey has analyzed them separately. Although faced with competition from the foreign oil market, prospects for eastern Kentucky coal seem favorable because of its high quality and easy access to markets. The future of the coal industry in western Kentucky, Mr. Harvey asserts, depends upon implementation and enforcement of ...Read More

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  Estimating Economic Capacity

  Noting the variety of methods by which the concept of economic capacity is measured and the different ways that the concept is defined, Richard E. Gift seeks here to develop a conceptual framework within which a meaningful interpretation of these many definitions and measures of productive capacity can be made.

  Gift's method is to show the common structure that is shared by all capacity concepts and arguments. This structure consists of a list of variables that must always be considered when assessing the economic capacity of productive equipment. He then shows that the problems which arise in comparing capacities for ...Read More

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  Income and Employment in the Southeast

  Although there has been a growing interest in regional economic development, the important aspect of regional business fluctuations has not received corresponding attention. This study focuses upon the relative cyclical behavior of income and employment in the Southeastern United States following the Second World War and seeks to determine in particular what effect the industrial composition of the region has had upon income and employment.

  Using the procedures of the National Bureau of Economic Research, Mr. McGee identifies four complete cycles of general business activity during the postwar period. Within this frame of reference he analyzes the fluctuations of nineteen ...Read More

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  Accounting in Small Business Decisions

  Accounting in Small Business Decisions presents the first large-scale empirical examination of how small firms use accounting data to make operating decisions.

  James L. Gibson is former department chair of the University of Kentucky’s Department of Management. His research areas include organizational behavior and development.

  W. Warren Haynes is a former scholar at the University of Kentucky.

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  Pricing Decisions in Small Business

  These studies, which originated from research on approximately 100 firms earned on at the University of Kentucky under a grant from the Small Business Administration, are an empirical examination of decision making in the small firm. The practices revealed by the investigation have been analyzed within the theoretic framework of managerial economics. The studies make suggestions for improvements that take into account the limited resources of small firms. A third study, Investment Decisions in Small Business by Martin B. Solomon, will be published at a later date.

  Pricing Decisions in Small Business points out that pricing is more flexible but ...Read More

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  Blazer and Ashland Oil: A Study in Management

  Tracing the evolution of the Ashland Oil & Refining Company whose growth was phenomenal even in a rapidly expanding industry, author Joseph L. Massie attributes the success of the company to the flexible management policies of Paul G. Blazer.

  Joseph L. Massie is professor of economics at the University of Kentucky, which has awarded him the B.S. and M.A. degrees. He holds the Ph.D. degree from the University of Chicago. Massie is the author of many articles on administration and, with a colleague, of a textbook on management.