[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 2023‒03‒20
papers chosen by
Erik Thomson <http://econpapers.repec.org/RAS/pth72.htm>
University of Manitoba <http://umanitoba.ca/>
------------------------------
1. Фридрих Хайек за международният паричен ред. Идеи и проекти от 30-те
и 40 години. <https://mail.google.com/mail/u/0/#m_7388825468721890162_p1>
By Nenovsky, Nikolay
<http://econpapers.repec.org/scripts/search.pf?aus=Nenovsky,%20Nikolay>;
Faudot,
Adrien
<http://econpapers.repec.org/scripts/search.pf?aus=Faudot,%20Adrien>
2. Can a Catholic be Liberal? Roman Catholicism and Liberalism in a
Political Economy Perspective (1800–1970)
<https://mail.google.com/mail/u/0/#m_7388825468721890162_p2> By Stefano
Solari
<http://econpapers.repec.org/scripts/search.pf?aus=Stefano%20Solari>
3. What would be a sustainable liberalism ?
<https://mail.google.com/mail/u/0/#m_7388825468721890162_p3> By Claude
Gamel <http://econpapers.repec.org/scripts/search.pf?aus=Claude%20Gamel>
4. Divorcing money creation from bank loans: Revisiting the “100% money”
proposal of the 1930s
<https://mail.google.com/mail/u/0/#m_7388825468721890162_p4> By Samuel
Demeulemeester
<http://econpapers.repec.org/scripts/search.pf?aus=Samuel%20Demeulemeester>
5. Home Bias in Top Economics Journals
<https://mail.google.com/mail/u/0/#m_7388825468721890162_p5> By Bethmann,
Dirk <http://econpapers.repec.org/scripts/search.pf?aus=Bethmann,%20Dirk>
; Bransch, Felix
<http://econpapers.repec.org/scripts/search.pf?aus=Bransch,%20Felix>;
Kvasnicka,
Michael
<http://econpapers.repec.org/scripts/search.pf?aus=Kvasnicka,%20Michael>
; Sadrieh, Abdolkarim
<http://econpapers.repec.org/scripts/search.pf?aus=Sadrieh,%20Abdolkarim>
6. Exorbitant Privilege? On the Rise (and Rise) of the Global Dollar
System <https://mail.google.com/mail/u/0/#m_7388825468721890162_p6> By Perry
Mehrling
<http://econpapers.repec.org/scripts/search.pf?aus=Perry%20Mehrling>
7. The panopticon, an emblematic concept in management and organization
studies: Heaven or hell?
<https://mail.google.com/mail/u/0/#m_7388825468721890162_p7> By Aurélie
Leclercq-Vandelannoitte
<http://econpapers.repec.org/scripts/search.pf?aus=Aur%C3%A9lie%20Leclercq-Vandelannoitte>
------------------------------
1. Фридрих Хайек за международният паричен ред. Идеи и проекти от 30-те
и 40 години. <http://econpapers.repec.org/RePEc:pra:mprapa:116531>
By: Nenovsky, Nikolay
<http://econpapers.repec.org/scripts/search.pf?aus=Nenovsky,%20Nikolay>;
Faudot,
Adrien
<http://econpapers.repec.org/scripts/search.pf?aus=Faudot,%20Adrien>
Abstract: Among the economists who participated in the discussions about
a new international and monetary order between the two world wars was
Friedrich Hayek. Although they have been the subject of attention, - his
positions and proposals of the 1930s on this topic, they are relatively
less studied. In this paper we set out Hayek's views on the mechanisms of
the international monetary system, grouped around the issues of monetary
internationalism and nationalism. Second, we present his ideas on the
organization of the international monetary system, grouped around the
projects of restoring and improving the gold standard (1937), the commodity
basket mechanism (1943), and the ideas of monetary federation (1939).
Keywords: international monetary system, monetary nationalism, gold
standard, monetary federalism, basket currency, Friedrich Hayek, Interwar
economy
JEL: B22 B31 E5 F4 N10
<http://econpapers.repec.org/scripts/search.pf?jel=B22%20B31%20E5%20F4%20N10>
Date: 2023–02–10
URL: http://d.repec.org/n?u=RePEc:pra:mprapa:116531&r=hpe
2. Can a Catholic be Liberal? Roman Catholicism and Liberalism in a
Political Economy Perspective (1800–1970)
<http://econpapers.repec.org/RePEc:hal:journl:hal-03619130>
By: Stefano Solari
<http://econpapers.repec.org/scripts/search.pf?aus=Stefano%20Solari> (Unipd
- Università degli Studi di Padova = University of Padua)
Abstract: The philosophy of the Enlightenment and political thought of
modernity found tough opposition in the Roman Catholic Church. Liberalism
was associated with Free Masons and revolutionary intent. Nonetheless,
liberalism and political economy stimulated some theoretical analysis and
specific theoretical positions in terms of social philosophy and social
economics by the Church. This paper presents an analysis of encyclical
letters and other papal documents, as well as the writings of other
Catholic scholars, to elaborate on the theoretical points used to contrast
liberalism. Compromises, as well as turning points in the evolution of the
Catholic position, are investigated. Lastly, the epistemological and
historical reasons for the affinity of Roman Catholicism with ethical
liberalism and the limits of this similarity are discussed. 1. Liberal and
Catholic, an Italian drama
Date: 2023–02–13
URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03619130&r=hpe
3. What would be a sustainable liberalism ?
<http://econpapers.repec.org/RePEc:hal:wpaper:halshs-03982653>
By: Claude Gamel
<http://econpapers.repec.org/scripts/search.pf?aus=Claude%20Gamel> (LEST
- Laboratoire d'Economie et de Sociologie du Travail - AMU - Aix Marseille
Université - CNRS - Centre National de la Recherche Scientifique)
Abstract: In France, liberalism is not a well-known philosophy, which is
even often caricatured. After more than thirty years of personal academic
research, the idea of developing a "sustainable" version of liberalism came
to me slowly, which finally led to a book recently published (2021). The
current text outlines the four basic components of which the book is the
result (I) and the perspective adopted – Rawlsian "property-owning
democracy" rather than Hayekian "rules of just conduct" (II). In fact, my
(socially) sustainable liberalism is a true puzzle, in so far it aims to
combine pieces borrowed from four authors – Hayek and Rawls, but also Sen
and Van Parijs (III). In conclusion, such a liberalism could not be a
completely sustainable one, because of course it concerns justice in
society, but it is not enough to deal with other important challenges to be
met in the contemporary world (IV).
Abstract: Le libéralisme est en France une philosophie mal connue et
souvent caricaturée. À l'issue de plus de trente ans de recherches
universitaires personnelles, l'idée de développer une version « soutenable
» du libéralisme s'est peu à peu imposée, conclue par la publication
récente d'un ouvrage (2021). Le présent texte expose d'abord les quatre «
ingrédients » dont cet ouvrage est le résultat (I), puis l'angle d'attaque
adopté-la « démocratie de propriétaires » de Rawls, plutôt que « les règles
de juste conduite » de Hayek (II). Mon libéralisme (socialement) soutenable
est en fait un véritable puzzle qui cherche à emboiter des pièces
empruntées à quatre auteurs-Hayek et Rawls, mais aussi Sen et Van Parijs
(III). En conclusion, un tel libéralisme ne pourrait être complètement
soutenable, car il aborde certes la question de la justice en société, mais
cela ne suffit pas pour traiter d'autres défis importants que le monde
contemporain a à relever (IV).
Keywords: rules of just conduct, property-owning democracy, labour,
capabilities, basic income, règles de juste conduite, démocratie de
propriétaires, travail, capacités, revenu de base
Date: 2023
URL: http://d.repec.org/n?u=RePEc:hal:wpaper:halshs-03982653&r=hpe
4. Divorcing money creation from bank loans: Revisiting the “100% money”
proposal of the 1930s
<http://econpapers.repec.org/RePEc:hal:journl:hal-03938669>
By: Samuel Demeulemeester
<http://econpapers.repec.org/scripts/search.pf?aus=Samuel%20Demeulemeester>
(TRIANGLE
- Triangle : action, discours, pensée politique et économique - ENS Lyon -
École normale supérieure - Lyon - UL2 - Université Lumière - Lyon 2 - IEP
Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université
de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre
National de la Recherche Scientifique)
Abstract: The 2007-2008 global financial crisis has brought strong
renewed interest in the "100% money" reform proposal, inherited from the
1930s, which aims at divorcing money creation from bank lending by imposing
100% reserves on current account deposits. This reform idea, however, is
frequently subject to confusion, being sometimes likened to the idea of
abolishing bank intermediation, sometimes to that of setting up a currency
board, or yet mistaken for the more recent "narrow banking" proposal. For
this reason, this article offers to clarify its concept and objectives, by
revisiting the works of the authors of this proposal in the 1930s—Henry
Simons, Lauchlin Currie and Irving Fisher in particular. After briefly
recalling the history of the "100% money" idea, we present its main
arguments, and then discuss its implications for the payment system, bank
intermediation, and the institutional framework of money issuance. We
conclude on the importance of a conceptual clarification of this reform
idea in respect of the ongoing discussions about it.
Abstract: La crise financière mondiale de 2007-2008 a conduit à un
renouvellement d'intérêt marqué pour la proposition de réforme « 100%
monnaie », héritée des années 1930, qui vise à dissocier la création
monétaire des prêts bancaires en imposant 100% de réserves sur les dépôts
en compte courant. Cette idée de réforme est cependant régulièrement
sujette à confusion, étant tantôt assimilée à l'idée d'abolir
l'intermédiation bancaire, tantôt à celle d'instaurer un currency board,
lorsqu'elle n'est pas confondue avec la proposition plus récente du narrow
banking. Pour cette raison, cet article entreprend d'en clarifier le
concept et les objectifs, en revisitant les travaux des auteurs de cette
proposition dans les années 1930 – Henry Simons, Lauchlin Currie et Irving
Fisher notamment. Après un bref rappel historique de l'idée de « 100%
monnaie », nous en présentons les principaux arguments, puis discutons de
ses implications pour le système de paiement, l'intermédiation bancaire, et
le cadre institutionnel de l'émission monétaire. Nous concluons sur
l'importance d'une clarification conceptuelle de cette idée de réforme au
regard des débats dont elle continue de faire l'objet.
Keywords: 100% money, money creation, Irving Fisher, Chicago Plan,
narrow banking, 100% monnaie, Plan de Chicago, création monétaire
Date: 2022
URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03938669&r=hpe
5. Home Bias in Top Economics Journals
<http://econpapers.repec.org/RePEc:iza:izadps:dp15965>
By: Bethmann, Dirk
<http://econpapers.repec.org/scripts/search.pf?aus=Bethmann,%20Dirk>
(Otto-von-Guericke
University Magdeburg); Bransch, Felix
<http://econpapers.repec.org/scripts/search.pf?aus=Bransch,%20Felix>
(Otto-von-Guericke
University Magdeburg); Kvasnicka, Michael
<http://econpapers.repec.org/scripts/search.pf?aus=Kvasnicka,%20Michael>
(Otto-von-Guericke
University Magdeburg); Sadrieh, Abdolkarim
<http://econpapers.repec.org/scripts/search.pf?aus=Sadrieh,%20Abdolkarim>
(Tilburg
University)
Abstract: Two of the top economics journals have institutional ties to a
specific university, the Quarterly Journal of Economics (QJE) to Harvard
University and the Journal of Political Economy (JPE) to the University of
Chicago. Researchers from Harvard, but also nearby Massachusetts Institute
of Technology (MIT), and from Chicago (co-)author a disproportionate share
of articles in their respective home journal. Such home ties and
publication bias may harm, but also benefit, article quality. We study this
question in a difference-in-differences framework, using data on both
current and past author affiliations and cumulative citation counts for
articles published between 1995 and 2015 in the QJE, JPE, and American
Economic Review (AER), which serves as a benchmark. We find that median
article quality is lower in the QJE if authors have ties to Harvard and/or
MIT than if authors are from other top-10 universities, but higher in the
JPE if authors have ties to Chicago. We also find that home ties matter for
the odds of journals to publish highly influential and low impact papers.
Again, the JPE appears to benefit, if anything, from its home ties, while
the QJE does not.
Keywords: publishing process, institutional ties, citations, home bias
JEL: A11 I2 J24
<http://econpapers.repec.org/scripts/search.pf?jel=A11%20I2%20J24>
Date: 2023–02
URL: http://d.repec.org/n?u=RePEc:iza:izadps:dp15965&r=hpe
6. Exorbitant Privilege? On the Rise (and Rise) of the Global Dollar
System <http://econpapers.repec.org/RePEc:thk:wpaper:inetwp198>
By: Perry Mehrling
<http://econpapers.repec.org/scripts/search.pf?aus=Perry%20Mehrling> (Boston
University)
Abstract: The global dollar system, though repeatedly reported to be on
its last legs-most recently in the Global Financial Crisis of 2008, but
most famously in the Nixon devaluation of 1971-has repeatedly instead
consolidated and gone on to further geographical expansion (McCauley 2021).
The key currency approach to international monetary economics, first put
forward by John H. Williams in the aftermath of the 1931 devaluation of
sterling, suggests that such resilience arises from the actions of market
practitioners who appreciate the convenience of a global means of payment.
So the question arises, why has the key currency approach remained a
minority view, if not among practicing bankers then certainly among
practicing academics? This paper proposes two main reasons—the discredit of
monetary optimism during the depression, and the subsequent fateful
adoption of Walrasian equilibrium as the frame for academic discussion
after WWII.
Keywords: key currency approach, Hahn Problem, sterling system, dollar
system, exorbitant privilege.
JEL: B2 F3 N1
<http://econpapers.repec.org/scripts/search.pf?jel=B2%20F3%20N1>
Date: 2023–01–09
URL: http://d.repec.org/n?u=RePEc:thk:wpaper:inetwp198&r=hpe
7. The panopticon, an emblematic concept in management and organization
studies: Heaven or hell?
<http://econpapers.repec.org/RePEc:hal:journl:hal-03759646>
By: Aurélie Leclercq-Vandelannoitte
<http://econpapers.repec.org/scripts/search.pf?aus=Aur%C3%A9lie%20Leclercq-Vandelannoitte>
(LEM
- Lille économie management - UMR 9221 - UA - Université d'Artois - UCL -
Université catholique de Lille - Université de Lille - CNRS - Centre
National de la Recherche Scientifique)
Abstract: The well-known metaphor of ‘panopticon', derived from
Bentham's project and popularized by Foucault, has long informed scholarly
conversations in management and organization studies (MOS). Herein, we
question the power of this emblematic metaphor. Through an in-depth
literature review specifying its form, principle and goal, coupled to an
investigation of Bentham's original writings, we identify two readings of
the panopticon. First, we disentangle the uses of this concept in MOS
literature and highlight a rather uniform and negative interpretation of
the panopticon as a mechanism of social control and surveillance (first
reading). Beyond this dominant interpretation, we contend that the
panopticon is a richer concept than MOS literature acknowledges. Going back
to Bentham's initial project, entailing not only one but plural types of
panopticons, we propose a more comprehensive conceptualization of the
panopticon (second reading) as: (1) a rewarding functional dispositive
based on freedom and autonomy (form); (2) relying on information sharing,
transparency and visibility (principle); and (3) striving for harmony and
efficiency as ultimate ends (goal). In doing so, we generate a new way of
seeing the panopticon in MOS research. We also reveal an inherent tension
between both readings, interpreted as dystopia and utopia, and show that
their combination allows grasping the ambivalence of panopticism in
practice in ways that can inform further research on liberal management. As
a practice of freedom, panopticism in practice might indeed turn into an
instrument furthering control. To conclude, we highlight some analytical
paths to help MOS scholars disentangle such ambivalence.
Date: 2023–01
URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03759646&r=hpe
------------------------------
This nep-hpe issue is ©2023 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
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