[Selections by Humberto Barreto for SHOE list.]
nep-hpe <https://nep.repec.org/nep-hpe.html> New Economics Papers
<https://nep.repec.org/> on History and Philosophy of Economics
Issue of 2024‒03‒25
papers chosen by
Erik Thomson <http://econpapers.repec.org/RAS/pth72.htm>,
University of Manitoba <http://umanitoba.ca/>
------------------------------
1. The Lausanne School of Economics
<https://mail.google.com/mail/u/0/#m_-3781122067489343656_p1> By S.
Pridiksha
<http://econpapers.repec.org/scripts/search.pf?aus=S.%20Pridiksha>; T.
Archana <http://econpapers.repec.org/scripts/search.pf?aus=T.%20Archana>
2. Review of “Adam Smith’s America: How a Scottish Philosopher Became an
Icon of American Capitalism” by Glory M. Liu
<https://mail.google.com/mail/u/0/#m_-3781122067489343656_p2> By Levy,
David M.
<http://econpapers.repec.org/scripts/search.pf?aus=Levy,%20David%20M.>
3. Review of “Robert Triffin: A Life” by Ivo Maes
<https://mail.google.com/mail/u/0/#m_-3781122067489343656_p3> By Faudot,
Adrien
<http://econpapers.repec.org/scripts/search.pf?aus=Faudot,%20Adrien>
4. Relational and associational justice in work
<https://mail.google.com/mail/u/0/#m_-3781122067489343656_p4> By Collins,
Hugh <http://econpapers.repec.org/scripts/search.pf?aus=Collins,%20Hugh>
5. “Storm in a Teacup? The Impact of War on the English Monetary System
and Thought (1797-1821)”
<https://mail.google.com/mail/u/0/#m_-3781122067489343656_p5> By Ghislain
Deleplace
<http://econpapers.repec.org/scripts/search.pf?aus=Ghislain%20Deleplace>
6. Kalecki’s and Keynes’s Perspectives on Achieving and Sustaining Full
Employment in a Global Economy
<https://mail.google.com/mail/u/0/#m_-3781122067489343656_p6> By Eckhard
Hein <http://econpapers.repec.org/scripts/search.pf?aus=Eckhard%20Hein>;
Hagen
M. Krämer
<http://econpapers.repec.org/scripts/search.pf?aus=Hagen%20M.%20Kr%C3%A4mer>
7. Claudia Goldin: the economics of women and the labour market
<https://mail.google.com/mail/u/0/#m_-3781122067489343656_p7> By Barbara
Petrongolo
<http://econpapers.repec.org/scripts/search.pf?aus=Barbara%20Petrongolo>
8. Rule of Law, Economic and Political Freedom: Conceptualization and
Measurement.
<https://mail.google.com/mail/u/0/#m_-3781122067489343656_p8> By Ignacio
P. Campomanes
<http://econpapers.repec.org/scripts/search.pf?aus=Ignacio%20P.%20Campomanes>
9. Bridging Methodologies: Angrist and Imbens' Contributions to Causal
Identification
<https://mail.google.com/mail/u/0/#m_-3781122067489343656_p9> By Lucas
Girard <http://econpapers.repec.org/scripts/search.pf?aus=Lucas%20Girard>
; Yannick Guyonvarch
<http://econpapers.repec.org/scripts/search.pf?aus=Yannick%20Guyonvarch>
10. The cognitive perspective in strategic choice
<https://mail.google.com/mail/u/0/#m_-3781122067489343656_p10> By Midtgård,
Kenneth
<http://econpapers.repec.org/scripts/search.pf?aus=Midtg%C3%A5rd,%20Kenneth>
; Selart, Marcus
<http://econpapers.repec.org/scripts/search.pf?aus=Selart,%20Marcus>
11. The Trinity of Liberty, the Rule of Law, and Private Property
<https://mail.google.com/mail/u/0/#m_-3781122067489343656_p11> By Heng-fu
Zou <http://econpapers.repec.org/scripts/search.pf?aus=Heng-fu%20Zou>
------------------------------
1. The Lausanne School of Economics
<http://econpapers.repec.org/RePEc:mad:wpaper:2023-249>
By: S. Pridiksha
<http://econpapers.repec.org/scripts/search.pf?aus=S.%20Pridiksha>
(Corresponding
Author, Madras School of Economics (MSE), Chennai); T. Archana
<http://econpapers.repec.org/scripts/search.pf?aus=T.%20Archana> (MSE)
Abstract: In the late 19th century, with growing criticism of the
classical school of economics of ignorance of microeconomics, Leon Walras,
one of the pioneers of the 1871 Marginalist Revolution, founded the
Lausanne school of economics (Ecole de Lausanne). With an emphasis on
mathematics, this school attributes all economic activity to the choices
and actions of individuals. The central feature of the school is the
concise formal description of ideas with mathematical notation which was
lacking in classical economy. Lausanne school economists such as Leon
Walras, Vilfredo Pareto, and others formulated and improved principles and
theories such as general equilibrium theory, Pareto optimality, the 80-20
rule, the circulation of elites, ordinal utility and so on. The paper
critically examines these ideas and their evolution. This paper explains
the general equilibrium theory developed by Walras, breaking through the
misconceptions revolving around unrealistic assumptions. With the focus on
welfare economics, the principles of Pareto of Lausanne school had
profoundly impacted public policy, the highlights and challenges of this
impact is analysed. The aim of reviving Walras’s ideas from enigma led to
further development in economics by Irving Fischer, Cassel, Wicksell.
Paretian “taste and obstacles” approach was also advanced by Slutsky and
W.E.Johnson. The abandonment of walras’s theories is the crucial cause of
contemporary financial crisis , thus, Lausanne tradition is alive, kicking
and highly relevant in the contemporary world.
Keywords: Economic thought, Neoclassical, Leon Walras, Vilfredo Pareto,
Wicksell, Cassel
JEL: B3 B31 B16
<http://econpapers.repec.org/scripts/search.pf?jel=B3%20B31%20B16>
Date: 2023–10
URL: http://d.repec.org/n?u=RePEc:mad:wpaper:2023-249&r=hpe
2. Review of “Adam Smith’s America: How a Scottish Philosopher Became an
Icon of American Capitalism” by Glory M. Liu
<http://econpapers.repec.org/RePEc:osf:socarx:47ed3>
By: Levy, David M.
<http://econpapers.repec.org/scripts/search.pf?aus=Levy,%20David%20M.>
Abstract: Review of “Adam Smith’s America: How a Scottish Philosopher
Became an Icon of American Capitalism” by Glory M. Liu.
Date: 2024–02–16
URL: http://d.repec.org/n?u=RePEc:osf:socarx:47ed3&r=hpe
3. Review of “Robert Triffin: A Life” by Ivo Maes
<http://econpapers.repec.org/RePEc:osf:socarx:wtfdb>
By: Faudot, Adrien
<http://econpapers.repec.org/scripts/search.pf?aus=Faudot,%20Adrien>
Abstract: Review of “Robert Triffin: A Life” by Ivo Maes.
Date: 2024–01–26
URL: http://d.repec.org/n?u=RePEc:osf:socarx:wtfdb&r=hpe
4. Relational and associational justice in work
<http://econpapers.repec.org/RePEc:ehl:lserod:118476>
By: Collins, Hugh
<http://econpapers.repec.org/scripts/search.pf?aus=Collins,%20Hugh>
Abstract: This article explores the idea that the moral standards of
relational or interpersonal justice can be used to lay the foundations for
a theory of justice in work, rather than relying on principles of justice
developed for society as a whole in philosophical theories of distributive
justice. It is argued that a rich and distinctive scheme of interpersonal
justice can be developed by using a method of internal critique and by
focusing on two distinctive features of contracts of employment. Because
they are incomplete by design, like other relational contracts, contracts
of employment depend for their success on a broad obligation of performance
in good faith. Contracts of employment also usually function within
organizations which provide the source of customary norms of associational
justice that govern relations between members of the firm. These principles
of associational justice include rewards based on desert, a strong
egalitarian principle, protection from unjustified exclusion, and a right
to have a voice in the affairs and the direction of the organization.
Keywords: De Gruyter deal
JEL: R14 J01
<http://econpapers.repec.org/scripts/search.pf?jel=R14%20J01>
Date: 2023–01–01
URL: http://d.repec.org/n?u=RePEc:ehl:lserod:118476&r=hpe
5. “Storm in a Teacup? The Impact of War on the English Monetary System
and Thought (1797-1821)”
<http://econpapers.repec.org/RePEc:hal:journl:hal-04429477>
By: Ghislain Deleplace
<http://econpapers.repec.org/scripts/search.pf?aus=Ghislain%20Deleplace>
(LED
- Laboratoire d'Economie Dionysien - UP8 - Université Paris 8
Vincennes-Saint-Denis)
Abstract: The aim of my contribution is at analysing the impact of a
large-scale war of long duration on the monetary system and monetary
thought. The case is that of England during and in the aftermath of the
Revolutionary and Napoleonic wars with France (1793-1815). These wars
provoked a major shock in the English monetary system: the Bank of England
note was made inconvertible during more than twenty years and in 1813 the
pound sterling had depreciated by one-third in terms of gold. After
Waterloo, it took the pound four years to regain its value in gold, in the
midst of a severe economic depression. However, the pre-war monetary system
was resumed in 1821: the quarter-of-a-century parenthesis was simply
closed. This return to "money as usual" was not for want of intense
debates: it was the time of the "Bullionist Controversy" featuring among
others Henry Thornton and David Ricardo. This case thus leads to a rather
pessimistic conclusion: even a major shock like a long-lasting war seems to
have no significant impact on either the monetary system or monetary
thought. My contribution intends to account for this paradox. Publication:
Deleplace, G. (2024 a), "Storm in a Teacup? The Impact of War on the
English Monetary System and Thought (1797-1821), " in Marcuzzo, M. C. and
Rosselli, A. (eds.), Money in Times of Crisis. Pre-Classical, Classical and
Contemporary Theories, Roma: Accademia Nazionale dei Lincei Proceedings, à
paraître.
Keywords: Napoleonic wars, English monetary system, Ricardo, Thornton
Date: 2022–12–12
URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-04429477&r=hpe
6. Kalecki’s and Keynes’s Perspectives on Achieving and Sustaining Full
Employment in a Global Economy
<http://econpapers.repec.org/RePEc:pke:wpaper:pkwp2404>
By: Eckhard Hein
<http://econpapers.repec.org/scripts/search.pf?aus=Eckhard%20Hein>; Hagen
M. Krämer
<http://econpapers.repec.org/scripts/search.pf?aus=Hagen%20M.%20Kr%C3%A4mer>
Abstract: This paper examines the challenges of achieving and sustaining
full employment in a global economy, as discussed by Michał Kalecki and
John Maynard Keynes. Its aim is to analyse the common perspectives and
differences between Kalecki and Keynes on this issue. The paper first
examines the basic views of Kalecki and Keynes on long-term employment
issues. This contains comparing their respective considerations of
political economy constraints to full employment. Then Kalecki’s and
Keynes’s views on the constraints in open economies and the economic policy
strategies they proposed are assessed. The paper points out Kalecki’s
advocacy for public deficit spending and income redistribution for
achieving full employment, which slightly differs from Keynes's emphasis on
stimulating investment, including partial socialisation. Regarding power
relations, Kalecki focussed on the conflict between capital and labour,
calling for ‘crucial reforms’ like nationalisation of key industries, while
Keynes highlighted the conflict between financial and industrial capital.
Both shared a nuanced view of globalisation, but differences emerge when
discussing the Keynes Plan. Keynes aimed to prevent deflation in the
international monetary system, while Kalecki stressed long-term
international lending for sustaining full employment. Both economists
underscored the importance of international conditions for achieving full
employment, emphasizing the need for a balance of payments equilibrium over
strictly balanced current accounts.
Keywords: Full employment, global economy, John Maynard Keynes, Michał
Kalecki
JEL: E11 E12 E61 F41
<http://econpapers.repec.org/scripts/search.pf?jel=E11%20E12%20E61%20F41>
Date: 2024–03
URL: http://d.repec.org/n?u=RePEc:pke:wpaper:pkwp2404&r=hpe
7. Claudia Goldin: the economics of women and the labour market
<http://econpapers.repec.org/RePEc:cep:cepcnp:671>
By: Barbara Petrongolo
<http://econpapers.repec.org/scripts/search.pf?aus=Barbara%20Petrongolo>
Abstract: The study of gender was far from mainstream in economics when
Claudia Goldin began her research on women and work in the 1980s. Barbara
Petrongolo discusses the impact of the 2023 economics Nobel laureate in
shaping today's research frontier on gender inequalities - from public
policy to the stereotypes and social norms that have such a powerful
influence on women's participation in the labour market.
Keywords: gender, equality, public policy, labour markets
Date: 2024–02–20
URL: http://d.repec.org/n?u=RePEc:cep:cepcnp:671&r=hpe
8. Rule of Law, Economic and Political Freedom: Conceptualization and
Measurement. <http://econpapers.repec.org/RePEc:nva:unnvaa:wp01-2024>
By: Ignacio P. Campomanes
<http://econpapers.repec.org/scripts/search.pf?aus=Ignacio%20P.%20Campomanes>
Keywords: Rule of law, Democracy, Economic Freedom, Institutions.
JEL: O43 E02 P16 K10 H11
<http://econpapers.repec.org/scripts/search.pf?jel=O43%20E02%20P16%20K10%20H11>
Date: 2024–01
URL: http://d.repec.org/n?u=RePEc:nva:unnvaa:wp01-2024&r=hpe
9. Bridging Methodologies: Angrist and Imbens' Contributions to Causal
Identification <http://econpapers.repec.org/RePEc:arx:papers:2402.13023>
By: Lucas Girard
<http://econpapers.repec.org/scripts/search.pf?aus=Lucas%20Girard>; Yannick
Guyonvarch
<http://econpapers.repec.org/scripts/search.pf?aus=Yannick%20Guyonvarch>
Abstract: In the 1990s, Joshua Angrist and Guido Imbens studied the
causal interpretation of Instrumental Variable estimates (a widespread
methodology in economics) through the lens of potential outcomes (a
classical framework to formalize causality in statistics). Bridging a gap
between those two strands of literature, they stress the importance of
treatment effect heterogeneity and show that, under defendable assumptions
in various applications, this method recovers an average causal effect for
a specific subpopulation of individuals whose treatment is affected by the
instrument. They were awarded the Nobel Prize primarily for this Local
Average Treatment Effect (LATE). The first part of this article presents
that methodological contribution in-depth: the origination in earlier
applied articles, the different identification results and extensions, and
related debates on the relevance of LATEs for public policy decisions. The
second part reviews the main contributions of the authors beyond the LATE.
J. Angrist has pursued the search for informative and varied empirical
research designs in several fields, particularly in education. G. Imbens
has complemented the toolbox for treatment effect estimation in many ways,
notably through propensity score reweighting, matching, and, more recently,
adapting machine learning procedures.
Date: 2024–02
URL: http://d.repec.org/n?u=RePEc:arx:papers:2402.13023&r=hpe
10. The cognitive perspective in strategic choice
<http://econpapers.repec.org/RePEc:osf:socarx:4xpza>
By: Midtgård, Kenneth
<http://econpapers.repec.org/scripts/search.pf?aus=Midtg%C3%A5rd,%20Kenneth>
; Selart, Marcus
<http://econpapers.repec.org/scripts/search.pf?aus=Selart,%20Marcus>
Abstract: This paper examines to what degree organizations use
strategies that focus on maximizing shareholder value (Theory E) or if they
use strategies emphasizing the development of organizational capability
(Theory O). Applying a cognitive perspective in strategic choice, our main
goal was to investigate to what extent cognitive biases influenced
strategic choices. A survey was developed that measured different aspects
of the cognitive perspective in strategic choice. It was distributed to
managers of several medium-sized organizations in Scandinavia (n = 119).
The results indicated that managers used mixed strategies (Theory E and O)
contrary to recommendations. Results also revealed that illusions of
control together with beliefs about change processes skewed the application
of strategies towards Theory E. Theoretical and practical implications of
the results were finally discussed enlightening the cognitive perspective
in strategic choice.
Date: 2024–02–27
URL: http://d.repec.org/n?u=RePEc:osf:socarx:4xpza&r=hpe
11. The Trinity of Liberty, the Rule of Law, and Private Property
<http://econpapers.repec.org/RePEc:cuf:wpaper:623>
By: Heng-fu Zou
<http://econpapers.repec.org/scripts/search.pf?aus=Heng-fu%20Zou>
Abstract: The trinity of liberty, the rule of law, and private property
are inter- connected principles that form the foundation of a free and just
society. Each element depends on the others to ensure the protection of
individual rights and the proper functioning of legal and political
institutions.
Date: 2024–03–02
URL: http://d.repec.org/n?u=RePEc:cuf:wpaper:623&r=hpe
------------------------------
This nep-hpe issue is ©2024 by Erik Thomson
<http://econpapers.repec.org/RAS/pth72.htm>. 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.
General information on the NEP project can be found at https://nep.repec.org.
For comments please write to the director of NEP, Marco Novarese
<http://novarese.org/> at <[log in to unmask]>. Put “NEP” in the
subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by
the School of Economics and Finance of Massey University in New Zealand.
|
