James McClure

Ball State University - Department of Economics

Muncie, IN 47306-0340

United States

  • Ball State University - Department of Economics

SCHOLARLY PAPERS

12

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Scholarly Papers (12)

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1.

Efficient Derivative Pricing and Sequestered Capital: The Case of Investment Trust Pricing in 1929

Number of pages: 57 Posted: 20 Aug 2018 Last Revised: 13 Jan 2020
James McClure, David Chandler Thomas and Steven Horwitz
Ball State University - Department of Economics, Ball State University - Department of Economics and Ball State University - Department of Economics
Downloads 279 (130,324)

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Efficient Market Hypothesis, Financial Derivative, Sequestered Capital, Closed-end Mutual Fund, Investment Trust, 1929 Stock Market Crash, Regression Discontinuity in Time Design (RDiT)

2.

The Greatest Externality Story (N)ever Told

Number of pages: 41 Posted: 05 Jul 2014
James McClure and Tyler Watts
Ball State University - Department of Economics and East Texas Baptist University
Downloads 249 (146,315)

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externalities, Pigou, Coase, Coase Theorem, pecuniary, technological, inframarginal, market failure, economic education

3.

When R&D is Not a Public Good, Why Subsidize it?

Number of pages: 21 Posted: 17 Feb 2017 Last Revised: 07 Mar 2017
James McClure and David Chandler Thomas
Ball State University - Department of Economics and Ball State University - Department of Economics
Downloads 150 (231,149)

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Public Good, Patent, Subsidy, Intellectual Property

4.

The Essential Fact of Capitalism: On the Divergence of Hayekian and Schumpeterian Thought

Number of pages: 28 Posted: 09 Aug 2017 Last Revised: 17 Oct 2017
James McClure and David Chandler Thomas
Ball State University - Department of Economics and Ball State University - Department of Economics
Downloads 127 (263,614)

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economy of knowledge, creative destruction, business cycles, capitalism, socialism

5.

Austrian Business Cycle Theory and Sticky Consumption: Reconciling Hayek, Mises, and Schumpeter

Number of pages: 32 Posted: 03 Feb 2017
Nicholas Adam Curott, James McClure and David Chandler Thomas
Ball State University - Department of Economics, Ball State University - Department of Economics and Ball State University - Department of Economics
Downloads 126 (265,193)

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Austrian Business Cycle, Sticky Consumption, Schumpeterian Malinvestment

6.

Capitalism Is Alive and Well: How Venture Entrepreneurs Saved Schumpeter's Entrepreneur

Number of pages: 26 Posted: 21 Nov 2018
James McClure and David Chandler Thomas
Ball State University - Department of Economics and Ball State University - Department of Economics
Downloads 60 (418,381)

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Joseph Schumpeter, Creative Destruction, Venture Capital, Capitalism

7.

The Impact of New-Product R&D on the Circular Flow

The American Economist, 2018
Posted: 17 Dec 2019
James McClure and David Chandler Thomas
Ball State University - Department of Economics and Ball State University - Department of Economics

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Circular Flow, New-Product R&D, Process R&D, Leakages, Injections, Hayek, Keynes, Knight

8.

Austrian Business Cycle Theory Redux: Integrating Sticky Consumption and Sequestered Capital

Journal of Prices and Markets, Forthcoming
Posted: 21 Nov 2019
Nicholas Adam Curott, James McClure and David Chandler Thomas
Ball State University - Department of Economics, Ball State University - Department of Economics and Ball State University - Department of Economics

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Sticky Consumption, Sequestered Capital, Austrian Business Cycle Theory (ABCT), Hayek’s Challenge

9.

New-Product Research and Development: The Earliest Stage of the Capital Structure

The Quarterly Journal of Austrian Economics (2018)
Posted: 20 Jun 2017 Last Revised: 03 Dec 2019
James McClure and David Chandler Thomas
Ball State University - Department of Economics and Ball State University - Department of Economics

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sequestered capital, research and development, R&D, business cycle, capital structure

10.

Hayek's Price Fan Simile: The Seeds of the Economy of Knowledge

The Journal of Private Enterprise 34(3), 2019, 43–58
Posted: 24 Mar 2017 Last Revised: 12 Nov 2019
James McClure and David Chandler Thomas
Ball State University - Department of Economics and Ball State University - Department of Economics

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F. A. Hayek, price fan simile, economy of knowledge, capitalistic production, division of labor, division of knowledge

11.

Explaining the Timing of the Tulipmania Boom and Bust: Historical Context, Sequestered Capital, and Market Signals

Financial History Review, Volume 24, Issue 2, 2017
Posted: 16 Sep 2016 Last Revised: 26 Jul 2018
James McClure and David Chandler Thomas
Ball State University - Department of Economics and Ball State University - Department of Economics

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Tulipmania, Tulips, Business Cycles, Sequestered Capital, Structure of Capital

12.

Can Sticky Consumption Cause Business Cycles?

Review of Austrian Economics, 2017, DOI: org/10.1007/s11138-016-0371-y
Posted: 04 Aug 2016 Last Revised: 09 Aug 2017
James McClure and David Chandler Thomas
Ball State University - Department of Economics and Ball State University - Department of Economics

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sticky consumption, business cycle, hysteresis, entrepreneur, capital structure, economic growth