[Selections by Humberto Barreto for SHOE list.]
nep-hpe <http://nep.repec.org/nep-hpe.html> New Economics Papers
<http://nep.repec.org/> on History and Philosophy of Economics
Issue of 2022‒09‒19
papers chosen by
Erik Thomson <http://econpapers.repec.org/RAS/pth72.htm>
University of Manitoba <http://umanitoba.ca/>
------------------------------
1. Sheila Dow's Open Systems
<https://mail.google.com/mail/u/0/#m_1911956688356368221_p1> By Davis,
John B.
<http://econpapers.repec.org/scripts/search.pf?aus=Davis,%20John%20B.>
2. Проблема потребительского рыночного спроса в экономической теории и
её разрешение: методология, теория, верификация
<https://mail.google.com/mail/u/0/#m_1911956688356368221_p2> By Gorbunov,
Vladimir
<http://econpapers.repec.org/scripts/search.pf?aus=Gorbunov,%20Vladimir>
3. "We need to offer something better to the scholars of the future":
Some thoughts on the "Hodgson debate"
<https://mail.google.com/mail/u/0/#m_1911956688356368221_p3> By Heise,
Arne <http://econpapers.repec.org/scripts/search.pf?aus=Heise,%20Arne>
4. Quantifying Economic Reasoning in Court: Judge Economics
Sophistication and Pro-business Orientation
<https://mail.google.com/mail/u/0/#m_1911956688356368221_p4> By Cao,
Siying <http://econpapers.repec.org/scripts/search.pf?aus=Cao,%20Siying>
5. Introduction to The Creative Class Revisited: New Analytical Advances
<https://mail.google.com/mail/u/0/#m_1911956688356368221_p5> By Batabyal,
Amitrajeet
<http://econpapers.repec.org/scripts/search.pf?aus=Batabyal,%20Amitrajeet>
; Nijkamp, Peter
<http://econpapers.repec.org/scripts/search.pf?aus=Nijkamp,%20Peter>
6. On Gale's Contribution in Revealed Preference Theory
<https://mail.google.com/mail/u/0/#m_1911956688356368221_p6> By Yuhki
Hosoya <http://econpapers.repec.org/scripts/search.pf?aus=Yuhki%20Hosoya>
7. Environmental Policies Benefit Economic Development: Implications of
Economic Geography
<https://mail.google.com/mail/u/0/#m_1911956688356368221_p7> By Seth
Morgan <http://econpapers.repec.org/scripts/search.pf?aus=Seth%20Morgan>
; Alexander Pfaff
<http://econpapers.repec.org/scripts/search.pf?aus=Alexander%20Pfaff>;
Julien
Wolfersberger
<http://econpapers.repec.org/scripts/search.pf?aus=Julien%20Wolfersberger>
8. Causal Narratives
<https://mail.google.com/mail/u/0/#m_1911956688356368221_p8> By Chad W.
Kendall
<http://econpapers.repec.org/scripts/search.pf?aus=Chad%20W.%20Kendall>;
Constantin
Charles
<http://econpapers.repec.org/scripts/search.pf?aus=Constantin%20Charles>
9. Why Economic Theories and Policies Fail? Unnoticed Variables and
Overlooked Economics
<https://mail.google.com/mail/u/0/#m_1911956688356368221_p9> By Victor
Olkhov
<http://econpapers.repec.org/scripts/search.pf?aus=Victor%20Olkhov>
10. Algorithmic Fairness and Statistical Discrimination
<https://mail.google.com/mail/u/0/#m_1911956688356368221_p10> By John W.
Patty
<http://econpapers.repec.org/scripts/search.pf?aus=John%20W.%20Patty>;
Elizabeth
Maggie Penn
<http://econpapers.repec.org/scripts/search.pf?aus=Elizabeth%20Maggie%20Penn>
------------------------------
1. Sheila Dow's Open Systems
<http://econpapers.repec.org/RePEc:mrq:wpaper:2022-06>
By: Davis, John B.
<http://econpapers.repec.org/scripts/search.pf?aus=Davis,%20John%20B.>
(Department
of Economics Marquette University)
Abstract: This paper reviews Sheila Dow’s contributions to open
systems thinking as a form of methodological argument and as an important
foundation for pluralism in economics. It reviews the origins of her
thinking in connection with her distinction between Cartesian/Euclidian and
Babylonian thinking in the history of economics, discusses the further
development of her views regarding open and closed systems in her 2002
Economic Methodology book and in connection with her ‘structured
pluralism’ concept, discusses the 2005 paper co-authored with Victoria
Chick, “The Meaning of Open Systems.†examines Dow’s and Chick’s
view and critique of critical realism in regard to the relationship between
models and theorizing and uses Piero Sraffa’s 1930s the open-closed
distinction to provide a similar understanding of such boundaries and the
relationship between models and theorizing, and finally comments on Dow’s
contribution to openclosed systems thinking and pluralism in economics.
Keywords: open systems, Babylonian, Euclidian, structured pluralism,
critical realism, Samuels, Sraffa
JEL: B41 B50
<http://econpapers.repec.org/scripts/search.pf?jel=B41%20B50>
Date: 2022–08
URL: http://d.repec.org/n?u=RePEc:mrq:wpaper:2022-06&r=
2. Проблема потребительского рыночного спроса в экономической теории и
её разрешение: методология, теория, верификация
<http://econpapers.repec.org/RePEc:pra:mprapa:114256>
By: Gorbunov, Vladimir
<http://econpapers.repec.org/scripts/search.pf?aus=Gorbunov,%20Vladimir>
Abstract: The problem of multi-product consumer demand in modern
neoclassical economic theory is that this theory contains a formal
normative mathematical theory of individual demand, but does not contain a
positive theory of market demand– an object of real interest for
economists-practitioners and governments. The consequence of this failure
is the lack of a positive theory of value / price, based on the theory of
economic equilibrium, and reasonable methods for analysing market demand,
in particular, the calculation of economic (analytical) demand indices
reflecting consumer preferences of the population. The demand problem is
analysed substantively and formally within the framework of general
scientific methodology. It is shown that Deaton's "aggregation over
consumers" condition, introduced in Stone's heuristic analysis of market
demand, is superfluous. The paper presents basics of the author’s
scientific holistic theory of market demand, based on the rejection of the
unrealistic theory of the individual maximizing his (ordinal) utility
function, and the non-parametric method of its verification, within the
framework of which analytical indexes of prices and quantities of
consumption of market demand are being built. Recent articles confirming
the work of the theory on real, high-dimensional data are point-ed out.
Keywords: Economics crisis; market demand; methodological individualism;
heterodox Economics, scientific methodology; verification; economic indexes
JEL: B41 B50 C43 D11
<http://econpapers.repec.org/scripts/search.pf?jel=B41%20B50%20C43%20D11>
Date: 2022–08–19
URL: http://d.repec.org/n?u=RePEc:pra:mprapa:114256&r=
3. "We need to offer something better to the scholars of the future":
Some thoughts on the "Hodgson debate"
<http://econpapers.repec.org/RePEc:zbw:cessdp:94>
By: Heise, Arne
<http://econpapers.repec.org/scripts/search.pf?aus=Heise,%20Arne>
Abstract: After the global financial crisis, hopes were high that there
would be a pluralisation of the economics discipline and a boost for
heterodox economics that challenged dominant economic models. However,
mainstream economics once again proved its enormous resilience and the
future of alternatives to this mainstream is anything but certain. Geoffrey
Hodgson's new book on this issue has sparked fresh discussions about the
stunted development of heterodox economics and proposals for possible ways
forward. This article will argue that the crucial factor for the future of
heterodox economics is not converging on a single unified paradigm or
raising the quality of research, but rather gaining access to different
kinds of capital, first and foremost professorial positions at
universities. Such access is severely restricted under present conditions
as a result of epistemological and ontological discrimination. Heterodox
economics can only flourish if the epistemic community of economists
embraces paradigmatic pluralism as part of their academic culture, or if
regulations are put in place to secure access to such capital and so to
academic freedom.
Keywords: heterodox economics,pluralism,orthodox economics
JEL: B50 B51 B52
<http://econpapers.repec.org/scripts/search.pf?jel=B50%20B51%20B52>
Date: 2022
URL: http://d.repec.org/n?u=RePEc:zbw:cessdp:94&r=
4. Quantifying Economic Reasoning in Court: Judge Economics
Sophistication and Pro-business Orientation
<http://econpapers.repec.org/RePEc:zbw:cbscwp:321>
By: Cao, Siying
<http://econpapers.repec.org/scripts/search.pf?aus=Cao,%20Siying>
Abstract: By applying computational linguistics tools to the analysis of
US federal district courts' decisions from 1932 to 2016, this paper
quantifies the rise of economic reasoning in court cases that range from
securities regulation to antitrust law. I then relate judges' level of
economic reasoning to their training. I find that significant judge
heterogeneity in economics sophistication can be explained by attendance at
law schools that have a large presence of the law and economics faculty.
Finally, for all regulatory cases from 1970 to 2016, I hand code whether
the judge ruled in favor of the business or the government. I find that
judge economics sophistication is positively correlated with a higher
frequency of pro-business decisions even after controlling for political
ideology and a rich set of other judge covariates.
Keywords: law and economics,judicial decision making,text as data
JEL: K0 L5 Z1
<http://econpapers.repec.org/scripts/search.pf?jel=K0%20L5%20Z1>
Date: 2022
URL: http://d.repec.org/n?u=RePEc:zbw:cbscwp:321&r=
5. Introduction to The Creative Class Revisited: New Analytical Advances
<http://econpapers.repec.org/RePEc:pra:mprapa:114163>
By: Batabyal, Amitrajeet
<http://econpapers.repec.org/scripts/search.pf?aus=Batabyal,%20Amitrajeet>
; Nijkamp, Peter
<http://econpapers.repec.org/scripts/search.pf?aus=Nijkamp,%20Peter>
Abstract: In this introductory chapter, we contextualize and briefly
describe the intellectual contributions of the different chapters in this
book. Following this chapter, which comprises Part I of the book, there are
eleven chapters and each of these chapters addresses a particular research
question or a set of questions about the creative class. Part II of this
book consists of two chapters and this part focuses on alternate conceptual
approaches to the creative class. Part III also contains two chapters and
this part concentrates on analytics. Part IV consists of five chapters and
this part sheds light on a variety of regional perspectives on the creative
class. Finally, the two chapters that make up part V takes a retrospective
and a prospective look at research on the creative class. In the concluding
section of the present chapter, we offer some reflections on the
cornerstones of creative class theory as advocated by Richard Florida two
decades ago.
Keywords: Creative Class, Definition, Measurement, Modeling, Research
JEL: R11 R12 R50
<http://econpapers.repec.org/scripts/search.pf?jel=R11%20R12%20R50>
Date: 2022–06–03
URL: http://d.repec.org/n?u=RePEc:pra:mprapa:114163&r=
6. On Gale's Contribution in Revealed Preference Theory
<http://econpapers.repec.org/RePEc:arx:papers:2208.07970>
By: Yuhki Hosoya
<http://econpapers.repec.org/scripts/search.pf?aus=Yuhki%20Hosoya>
Abstract: We investigate Gale's important paper published in 1960. This
paper contains an example of a candidate of the demand function that
satisfies the weak axiom of revealed preference and that is doubtful that
it is a demand function of some weak order. We examine this paper and first
scrutinize what Gale proved. Then we identify a gap in Gale's proof and
show that he failed to show that this candidate of the demand function is
not a demand function. Next, we present three complete proofs of Gale's
claim. First, we construct a proof that was constructible in 1960 by a fact
that Gale himself demonstrated. Second, we construct a modern and simple
proof using Shephard's lemma. Third, we construct a proof that follows the
direction that Gale originally conceived. Our conclusion is as follows:
although, in 1960, Gale was not able to prove that the candidate of the
demand function that he constructed is not a demand function, he
substantially proved it, and therefore it is fair to say that the credit
for finding a candidate of the demand function that satisfies the weak
axiom but is not a demand function is attributed to Gale.
Date: 2022–08
URL: http://d.repec.org/n?u=RePEc:arx:papers:2208.07970&r=
7. Environmental Policies Benefit Economic Development: Implications of
Economic Geography
<http://econpapers.repec.org/RePEc:hal:journl:hal-03753380>
By: Seth Morgan
<http://econpapers.repec.org/scripts/search.pf?aus=Seth%20Morgan>; Alexander
Pfaff
<http://econpapers.repec.org/scripts/search.pf?aus=Alexander%20Pfaff>;
Julien
Wolfersberger
<http://econpapers.repec.org/scripts/search.pf?aus=Julien%20Wolfersberger>
(UMR
PSAE - Paris-Saclay Applied Economics - AgroParisTech - Université
Paris-Saclay - INRAE - Institut National de Recherche pour l’Agriculture,
l’Alimentation et l’Environnement)
Abstract: For over a century, starting with the work of Alfred Marshall
(and including in resource economics), economic geography has emphasized
the productivity of dense urban agglomerations. Yet little attention goes
to one key policy implication of economic geography's core mechanisms:
Environmental policies can aid economic development, per se—not hurting the
economy to help the environment but advancing both objectives. We review
mechanisms from economic geography which imply that environmental policies
can deliver such win-wins: influences upon agglomeration of long-standing
natural conditions, like usable bays, which long were perceived as fixed
yet now are being shifted by global environmental quality; agglomeration's
effects on other influential conditions, like urban environmental quality;
and the effects of rural nvironmental quality on the flows to cities of
people and environmental quality. Finally, we consider a geographic policy
typology in asking why society leaves money on the table by failing to
promote environmental policies despite the potential win-wins that we
highlight.
Keywords: economic geography,development,environment,natural resources
Date: 2022–10
URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03753380&r=
8. Causal Narratives <http://econpapers.repec.org/RePEc:nbr:nberwo:30346>
By: Chad W. Kendall
<http://econpapers.repec.org/scripts/search.pf?aus=Chad%20W.%20Kendall>;
Constantin
Charles
<http://econpapers.repec.org/scripts/search.pf?aus=Constantin%20Charles>
Abstract: We study the generation, transmission, and effects of causal
narratives - narratives which describe a (potentially incorrect) causal
relationship between variables. In a controlled experiment, we show that
exogenously generated causal narratives manipulate the beliefs and actions
of subjects in ways predicted by theory. We then show how to ‘grow’ these
types of narratives organically by asking subjects who observe a dataset of
variables to advise future subjects on what actions to take. Subjects have
a strict preference to share their homegrown narratives with other
subjects, who are then persuaded by them. Finally, we show that factual,
statistical information does not eliminate the power of causal narratives.
JEL: D03 D90
<http://econpapers.repec.org/scripts/search.pf?jel=D03%20D90>
Date: 2022–08
URL: http://d.repec.org/n?u=RePEc:nbr:nberwo:30346&r=
9. Why Economic Theories and Policies Fail? Unnoticed Variables and
Overlooked Economics
<http://econpapers.repec.org/RePEc:arx:papers:2208.07839>
By: Victor Olkhov
<http://econpapers.repec.org/scripts/search.pf?aus=Victor%20Olkhov>
Abstract: Accuracy of economic theories and efficiency of economic
policy strictly depend on the choice of the economic variables and
processes mostly liable for description of economic reality. That states
the general problem of assessment of any possible economic variables and
processes chargeable for economic evolution. We show that economic
variables and processes described by current economic theories constitute
only a negligible fraction of factors responsible for economic dynamics. We
consider numerous unnoted economic variables and overlooked economic
processes those determine the states and predictions of the real economics.
We regard collective economic variables, collective transactions and
expectations, mean risks of economic variables and transactions, collective
velocities and flows of economic variables, transactions and expectations
as overlooked factors of economic evolution. We introduce market-based
probability of the asset price and consider unnoticed influence of market
stochasticity on randomness of macroeconomic variables. We introduce
economic domain composed by continuous numeric risk grades and outline that
the bounds of the economic domain result in unnoticed inherent cyclical
motion of collective variables, transactions and expectations those are
responsible for observed business cycles. Our treatment of unnoticed and
overlooked factors of theoretical economics and policy decisions preserves
a wide field of studies for many decades for academic researchers, economic
authorities and high-level politicians.
Date: 2022–08
URL: http://d.repec.org/n?u=RePEc:arx:papers:2208.07839&r=
10. Algorithmic Fairness and Statistical Discrimination
<http://econpapers.repec.org/RePEc:arx:papers:2208.08341>
By: John W. Patty
<http://econpapers.repec.org/scripts/search.pf?aus=John%20W.%20Patty>;
Elizabeth
Maggie Penn
<http://econpapers.repec.org/scripts/search.pf?aus=Elizabeth%20Maggie%20Penn>
Abstract: Algorithmic fairness is a new interdisciplinary field of study
focused on how to measure whether a process, or algorithm, may
unintentionally produce unfair outcomes, as well as whether or how the
potential unfairness of such processes can be mitigated. Statistical
discrimination describes a set of informational issues that can induce
rational (i.e., Bayesian) decision-making to lead to unfair outcomes even
in the absence of discriminatory intent. In this article, we provide
overviews of these two related literatures and draw connections between
them. The comparison illustrates both the conflict between rationality and
fairness and the importance of endogeneity (e.g., "rational expectations"
and "self-fulfilling prophecies") in defining and pursuing fairness. Taken
in concert, we argue that the two traditions suggest a value for
considering new fairness notions that explicitly account for how the
individual characteristics an algorithm intends to measure may change in
response to the algorithm.
Date: 2022–08
URL: http://d.repec.org/n?u=RePEc:arx:papers:2208.08341&r=
------------------------------
This nep-hpe issue is ©2022 by <http://econpapers.repec.org/RAS/pth72.htm>Erik
Thomson. It is provided as is without any express or implied warranty. It
may be freely redistributed in whole or in part for any purpose. If
distributed in part, please include this notice.
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