Project Appraisal for the Keynesian Investment Planner

This paper outlines a theory of project appraisal wherein the neoclassical premises of conventional cost-benefit analysis are replaced by their Keynesian counterparts. The paper shows how the social rate of return on public and private investment, the private and social discount rates, and other concepts used in cost-benefit analysis may be modified to take account of the income externalities generated by the multiplier, mark-up pricing, and the causal priority of investment over saving.     

The devil is in the detail: deception and consistency over repeated interviews

ABSTRACT

Research indicates that truthful statements typically contain more details than fabricated statements, and that truth tellers are no more consistent than liars over multiple interviews. In this experiment, we examine the impact of (i) multiple interviewers and (ii) reverse order recall on liars’ and truth tellers’ consistency and amount of reported detail over repeated recall attempts. Participants either took part in a mock crime (lying condition) or an innocent event (truth telling condition) which they were subsequently interviewed about in two separate interview phases. Truth tellers provided more details overall, and more reminiscent details than liars. There were no differences between veracity groups for the number of omissions made or repetitions reported. Despite the popular belief that inconsistency is a cue to deception, we found little support for the notion that consistency (or lack of consistency) offers a diagnostic cue to deception. We found little evidence that switching interviewer or recalling in reverse order induced inconsistencies in liars. In fact, due to the number of reminiscent details in truth tellers’ accounts, our findings suggest that accounts provided by liars tend to be slightly more consistent than those provided by truth tellers. Materials for this paper can be found at osf.io/hgvmk/.     

'Perspiration' vs 'Inspiration' in Asian Industrialisation: Indonesia Before the Crisis

This article examines trends in and determinants of total factor productivity (TFP) in 28 manufacturing industries in Indonesia over the period 1975-93. The reforms of the mid-1980s appeared to have resulted in a significant acceleration of TFP growth. Among the inter-industry determinants of TFP growth, trade policy and orientation, domestic competitive pressures and ownership factors are singled out for scrutiny. The trade regime and one measure of domestic competition emerge as consistently important explanatory factors.     

Book reviews

Social Policy Research, Martin Bulmer (ed.), London, Macmillan, 1978, pp. 373, £5.95.

Making Budgets, James N. Danziger, Sage Publications, 1978, pp. 255, £8.50 cloth edition and £4.25 paperback.

Universality, Selectivity and Effectiveness in Social Policy, Bleddyn Davies (in association with Mike Reddin), Heinemann, London, 1978, pp. viii &; 264, £9.50.

Implementation in a Bureaucracy, Control in a Bureaucracy, Andrew Dunsire, Oxford, Martin Robertson, 1978, pp. Vol.1260, Vol. II 263, £15 each.

Planning the Social Services, N. Falk and J. Lee, Saxon House, Farnborough, 1978, pp. x &; 113, £7.50.

Policy Analysis: A Political and Organisational Perspective, W. I. Jenkins, London, Martin Robertson, 1978, pp. 278, £8.95.

Interactions and Interventions in Organizations, Iain L. Mangham, John Wiley &; Sons, 1978, pp. 150, price not known.     

Fostering Student Engagement in Negotiation Role Plays

Student engagement occurs when students are significantly motivated to invest in their learning behaviorally, cognitively, and emotionally. Although research has shown that higher engagement leads to deeper learning, the importance of student engagement in role plays has been underestimated in negotiation pedagogy. More specifically, role plays that fail to provide authentic experiences or to capture students' interest may lead to suboptimal learning due to a lack of engagement. To help foster learning from role plays, we propose two frames of reference for improving their design: ecological validity and vested interest. Using these frameworks, we suggest strategies to create more authentic and interesting role plays and thus promote richer learning for students.     

Exploring USAID's democracy promotion in Bosnia and Afghanistan: a ‘cookie-cutter approach’?

US democracy promotion is integral to the pursuit of the grand project of the American Mission. By promoting democracy America makes its role one of international engagement as opposed to one of isolation. The first part of this paper examines the political and cultural aspects of US democracy promotion in the post-Cold War era through the bi-polar framework of the case-specific versus one-size-fits-all. To better understand USAID's democracy promotion policy, the second part takes this framework and applies it to its political reform strategy in Bosnia under the Clinton administration from 1995 to 2000 and Afghanistan under the Bush administration from 2001 to 2008. This paper confirms that America's democracy promotion simultaneously employed both the case-specific and one-size-fits-all approaches. USAID programmes and projects did at times respond to local conditions but nevertheless appear to employ a blueprint design.     

Comparative analysis of gamma-hydroxybutyrate and gamma-hydroxyvalerate using GC/MS and HPLC

This paper describes two analytical techniques used to separate and quantify gamma-hydroxybutyrate (GHB) and gamma-hydroxyvalerate (GHV). The first technique was a N,O-bis(trimethylsilyl)triflouro-acetimide-trimethylchlorosilane derivatization, followed by gas chromatography/mass spectrometry analysis using an HP-5 capillary column at a rate of 1.0 mL/min with a run time of 9.25 min. This technique was found to be sensitive (LOD 1 pg on column) and gave a low average error (5%) in a beverage study. When supplemented by a surrogate spike, the method yielded 97% analyte recovery from beverages. The second technique was high-performance liquid chromatography/UV (HPLC/UV) using a C-18 column with a (20:80% v/v) methanol:dibasic phosphoric buffer (10 mM, pH 3) at a rate of 1.00 mL/min with a run time of 7.5 min. UV detection occurred at 254 nm. This method was found to be less sensitive (LOD 0.05 microg on column) for direct analysis of aqueous samples. To remove interferences seen in the beverage study, a liquid-liquid extraction before HPLC analysis was tested. However, a decreased sensitivity (LOD 100 microg on column) and irreproducible peak profiles resulted.