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Humberto Barreto <[log in to unmask]>
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Societies for the History of Economics <[log in to unmask]>
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Mon, 8 Jan 2024 11:48:40 -0800
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[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 2024‒01‒08
papers chosen by
Erik Thomson <http://econpapers.repec.org/RAS/pth72.htm>,
University of Manitoba <http://umanitoba.ca/>

------------------------------

   1. Adam Smith, Experimental Innovator, through the Lenses of Conceptual
   Innovators <https://mail.google.com/mail/u/0/#m_-6993178614997986461_p1>
    By Elias Julio Jorge
   <http://econpapers.repec.org/scripts/search.pf?aus=Elias%20Julio%20Jorge>
   ; Castro Walter
   <http://econpapers.repec.org/scripts/search.pf?aus=Castro%20Walter>
   2. Econometric Causality: The Central Role of Thought Experiments
   <https://mail.google.com/mail/u/0/#m_-6993178614997986461_p2> By James
   J. Heckman
   <http://econpapers.repec.org/scripts/search.pf?aus=James%20J.%20Heckman>
   ; Rodrigo Pinto
   <http://econpapers.repec.org/scripts/search.pf?aus=Rodrigo%20Pinto>
   3. Richard Arena on Sraffa and Wittgenstein
   <https://mail.google.com/mail/u/0/#m_-6993178614997986461_p3> By Davis,
   John B.
   <http://econpapers.repec.org/scripts/search.pf?aus=Davis,%20John%20B.>;
   <http://econpapers.repec.org/scripts/search.pf?aus=>;
   <http://econpapers.repec.org/scripts/search.pf?aus=>
   4. «Сознательно-товарищеские» начала организационно-управленческой
   модели А. Богданова
   <https://mail.google.com/mail/u/0/#m_-6993178614997986461_p4> By Kleiner,
   George
   <http://econpapers.repec.org/scripts/search.pf?aus=Kleiner,%20George>
   5. One Hundred Years of Exchange Rate Economics at The University of
   Chicago: 1892-1992
   <https://mail.google.com/mail/u/0/#m_-6993178614997986461_p5> By Sebastian
   Edwards
   <http://econpapers.repec.org/scripts/search.pf?aus=Sebastian%20Edwards>
   6. Estimating Returns to Schooling and Experience: A History of Thought
   <https://mail.google.com/mail/u/0/#m_-6993178614997986461_p6> By Barry
   Chiswick
   <http://econpapers.repec.org/scripts/search.pf?aus=Barry%20Chiswick>
   7. Competing narratives in the Swedish 1929 deposit loss-debate
   <https://mail.google.com/mail/u/0/#m_-6993178614997986461_p7> By Wendschlag,
   Mikael
   <http://econpapers.repec.org/scripts/search.pf?aus=Wendschlag,%20Mikael>
   8. Conceptions of Rationality and their Justifications
   <https://mail.google.com/mail/u/0/#m_-6993178614997986461_p9> By Phoebe
   Koundouri
   <http://econpapers.repec.org/scripts/search.pf?aus=Phoebe%20Koundouri>;
Nikitas
   Pittis
   <http://econpapers.repec.org/scripts/search.pf?aus=Nikitas%20Pittis>;
Panagiotis
   Samartzis
   <http://econpapers.repec.org/scripts/search.pf?aus=Panagiotis%20Samartzis>
   9. Enlightenment Ideals and Belief in Progress in the Run-up to the
   Industrial Revolution: A Textual Analysis
   <https://mail.google.com/mail/u/0/#m_-6993178614997986461_p10> By Ali
   Almelhem
   <http://econpapers.repec.org/scripts/search.pf?aus=Ali%20Almelhem>; Murat
   Iyigun <http://econpapers.repec.org/scripts/search.pf?aus=Murat%20Iyigun>
   ; Austin Kennedy
   <http://econpapers.repec.org/scripts/search.pf?aus=Austin%20Kennedy>; Jared
   Rubin <http://econpapers.repec.org/scripts/search.pf?aus=Jared%20Rubin>
   10. Tracing the Genesis of the Split between Western and Soviet Marxism:
   the Case of Karl Korsch and Georg Lukacs in the 1920s Debate over
   ‘Ultra-Leftism’
   <https://mail.google.com/mail/u/0/#m_-6993178614997986461_p11> By Vlada
   V. Asadulaeva
   <http://econpapers.repec.org/scripts/search.pf?aus=Vlada%20V.%20Asadulaeva>
   11. Préparer l’enseignement supérieur de gestion français aux défis
   énergétiques et écologiques de l’Anthropocène
   <https://mail.google.com/mail/u/0/#m_-6993178614997986461_p12> By Guillaume
   Carton
   <http://econpapers.repec.org/scripts/search.pf?aus=Guillaume%20Carton>;
Bertrand
   Valiorgue
   <http://econpapers.repec.org/scripts/search.pf?aus=Bertrand%20Valiorgue>
   12. What Makes Econometric Ideas Popular: The Role of Connectivity
   <https://mail.google.com/mail/u/0/#m_-6993178614997986461_p13> By Valérie
   Mignon
   <http://econpapers.repec.org/scripts/search.pf?aus=Val%C3%A9rie%20Mignon>
   ; Marc Joëts
   <http://econpapers.repec.org/scripts/search.pf?aus=Marc%20Jo%C3%ABts>;
Bertrand
   Candelon
   <http://econpapers.repec.org/scripts/search.pf?aus=Bertrand%20Candelon>

------------------------------

   1. Adam Smith, Experimental Innovator, through the Lenses of Conceptual
   Innovators <http://econpapers.repec.org/RePEc:aep:anales:4649>
   By: Elias Julio Jorge
   <http://econpapers.repec.org/scripts/search.pf?aus=Elias%20Julio%20Jorge>
   ; Castro Walter
   <http://econpapers.repec.org/scripts/search.pf?aus=Castro%20Walter>
   Abstract: Many scholars, especially from other disciplines, have voiced
   concerns regarding an oversimplified interpretation of Adam Smith's ideas,
   asserting that it has been exploited to advance a particular free market
   ideology. This paper uses Galenson's economic framework for creativity to
   analyze Adam Smith's approach to innovation and some of his main
   contributions. Galenson distinguishes between two types of innovators in
   art: the conceptual and the experimental. We show that Smith exhibits all
   the characteristics of the experimental innovator. His experimental
   approach is evident in the development of The Theory of Moral Sentiments
   and many of the ideas developed in The Wealth of Nations. Smith has had a
   significant influence on important conceptual innovators in economics of
   the 20th century, such as Paul Samuelson, George Stigler, Robert Lucas and
   Gary Becker. Conceptual innovators often tend to simplify by using
   abstraction. Their effort to formalize and incorporate Smith ideas using a
   conceptual language may explain why there is a simplified understanding of
   Smith and his contributions.
   JEL: B12 O31
   <http://econpapers.repec.org/scripts/search.pf?jel=B12%20O31>
   Date: 2023–11
   URL: http://d.repec.org/n?u=RePEc:aep:anales:4649&r=hpe
   2. Econometric Causality: The Central Role of Thought Experiments
   <http://econpapers.repec.org/RePEc:nbr:nberwo:31945>
   By: James J. Heckman
   <http://econpapers.repec.org/scripts/search.pf?aus=James%20J.%20Heckman>
   ; Rodrigo Pinto
   <http://econpapers.repec.org/scripts/search.pf?aus=Rodrigo%20Pinto>
   Abstract: This paper examines the econometric causal model and the
   interpretation of empirical evidence based on thought experiments that was
   developed by Ragnar Frisch and Trygve Haavelmo. We compare the econometric
   causal model with two currently popular causal frameworks: the Neyman-Rubin
   causal model and the Do-Calculus. The Neyman-Rubin causal model is based on
   the language of potential outcomes and was largely developed by
   statisticians. Instead of being based on thought experiments, it takes
   statistical experiments as its foundation. The Do-Calculus, developed by
   Judea Pearl and co-authors, relies on Directed Acyclic Graphs (DAGs) and is
   a popular causal framework in computer science and applied mathematics. We
   make the case that economists who uncritically use these frameworks often
   discard the substantial benefits of the econometric causal model to the
   detriment of more informative analyses. We illustrate the versatility and
   capabilities of the econometric framework using causal models developed in
   economics.
   JEL: C10 C18
   <http://econpapers.repec.org/scripts/search.pf?jel=C10%20C18>
   Date: 2023–12
   URL: http://d.repec.org/n?u=RePEc:nbr:nberwo:31945&r=hpe
   3. Richard Arena on Sraffa and Wittgenstein
   <http://econpapers.repec.org/RePEc:mrq:wpaper:2023-06>
   By: Davis, John B.
   <http://econpapers.repec.org/scripts/search.pf?aus=Davis,%20John%20B.>;
   <http://econpapers.repec.org/scripts/search.pf?aus=>;
   <http://econpapers.repec.org/scripts/search.pf?aus=>(Department of
   Economics Marquette University; Department of Economics Marquette
   University)
   Abstract: This paper discusses Richard Arena’s insightful and original
   contributions to interpreting the important interaction between Piero
   Sraffa and Ludwig Wittgenstein. It discusses this in terms of dilemmas they
   each encountered in transitions in their thinking in the 1930s, emphasizes
   the influence of Sraffa’s unpublished “Surplus Product†text, compares
   Sraffa’s critique of “natural science point of view†and
   Wittgenstein’s critique of logical form, and compares Sraffa’s later
   understanding of the relationship between production and distribution and
   Wittgenstein’s later understanding of forms of life and language-games.
   The paper argues this thinking opened up a approach to economic philosophy
   in connection with the distinction between open and closed systems. Arena
   has been a leading proponent open systems thinking in economics. He thus
   reminds us, in Wittgenstein’s words – ‘Don’t think, but look!’
   â€“ or look beyond what one might think ones sees in a closed systems way.
   Keywords: Arena, Sraffa, Wittgenstein, surplus product, language games,
   open-closed systems
   JEL: B24 B30 B40 B51
   <http://econpapers.repec.org/scripts/search.pf?jel=B24%20B30%20B40%20B51>
   Date: 2023–12
   URL: http://d.repec.org/n?u=RePEc:mrq:wpaper:2023-06&r=hpe
   4. «Сознательно-товарищеские» начала организационно-управленческой
   модели А. Богданова <http://econpapers.repec.org/RePEc:pra:mprapa:119375>
   By: Kleiner, George
   <http://econpapers.repec.org/scripts/search.pf?aus=Kleiner,%20George>
   Abstract: The publication is devoted to theoretical foundations in the
   field of system socio¬economic space, reflected in the works of Russian
   philosopher and encyclopedist A.A.Bogdanov. Based on the concept of
   socially-organized experience, reflecting basic principles about the laws
   of organization, acting in technology (organization of things), economy
   (organization of people), politics (organization of ideas), the article
   substantiates the idea of the special role of space and time, first
   proposed by A.Bogdanov in relation to economic systems and system economic
   theory. In this conceptual context searching for new approaches and
   rethinking of theoretical capital are considered in order to transform
   economic systems in the direction of increasing their efficiency. It is
   noted that Bogdanov’s concept is the first scientific concept that
   integrates the ideas of cybernetics, general systems theory and
   synergetics. The author draws attention to the Bogdanov’s attempt to
   generalize the universal organizational laws governing the behavior and
   structure of fundamentally new complex systems, which is characterized as
   “universal organizational science.” The article develops a conceptual model
   of qualitative equilibrium interaction of the basic subsystems of the
   economic system in the context of information exchange. Based on the
   presented information model of the economic system in accordance with
   Bogdanov’s ideas conclusions are drawn that this teaching, in combination
   with modern systemic economic theory, can become the theoretical basis for
   general economic analysis. Arguments are given in favor of a revival of
   interest in understanding the ideas of Bogdanov, in particular in
   understanding the “space of the economy” and the concept of “conscious
   cooperation”, which can complement or oppose the concept of competition.
   His main ideas about a society based on “consciously comradely principles”
   are noted, which are of scientific interest in the context of regulating
   the fair and dishonest behavior of economic entities. The article allows us
   to approach the assessment of the diversity of Bogdanov’s ideas from
   different positions, reserving the opportunity for each scientist to form
   his own view and approach to this process of rethinking his many theses and
   tools.
   Keywords: organizational science, space and time, tectology, economic
   system, system economic theory, information model, basic subsystems
   JEL: A1 A10 <http://econpapers.repec.org/scripts/search.pf?jel=A1%20A10>
   Date: 2023–04–28
   URL: http://d.repec.org/n?u=RePEc:pra:mprapa:119375&r=hpe
   5. One Hundred Years of Exchange Rate Economics at The University of
   Chicago: 1892-1992 <http://econpapers.repec.org/RePEc:nbr:nberwo:31928>
   By: Sebastian Edwards
   <http://econpapers.repec.org/scripts/search.pf?aus=Sebastian%20Edwards>
   Abstract: In this paper I analyze the work on exchange rates and
   external imbalances by University of Chicago faculty members during the
   university’s first hundred years, 1892-1992. Many people associate
   Chicago’s views with Milton Friedman’s advocacy for flexible exchange
   rates. But, of course, there was much more than that, including the work of
   J. Laurence Laughlin on bimetallism, Jacob Viner on the balance of
   payments, Lloyd Metzler on transfers, Harry Johnson on trade and
   currencies, Lloyd Mints on exchange rate regimes, Robert Mundell on optimal
   currency areas, and Arnold Harberger on shadow exchange rates, among other.
   The analysis shows that, although different scholars emphasized different
   issues, there was a common thread in this research, anchored on the role of
   relative prices’ changes during the adjustment process.
   JEL: B22 E52 E58 F31 F33
   <http://econpapers.repec.org/scripts/search.pf?jel=B22%20E52%20E58%20F31%20F33>
   Date: 2023–12
   URL: http://d.repec.org/n?u=RePEc:nbr:nberwo:31928&r=hpe
   6. Estimating Returns to Schooling and Experience: A History of Thought
   <http://econpapers.repec.org/RePEc:gwi:wpaper:2023-12>
   By: Barry Chiswick
   <http://econpapers.repec.org/scripts/search.pf?aus=Barry%20Chiswick> (George
   Washington University)
   Abstract: This paper is a review of the literature in economics up to
   the early 1980s on the issue of estimating the earnings return to schooling
   and labor market experience. It begins with a presentation of Adam Smith's
   (1776) analysis of wage determination, with the second of his five points
   on compensating wage differentials being "the easiness or cheapness, or the
   difficulty and expense" of acquiring skills. It then proceeds to the
   analysis by Walsh (1935) estimating the net present value of investments at
   various levels of educational attainment. Friedman and Kuznets (1945) also
   used the net present value method to study the earnings in five independent
   professional practices. Based on the net present value technique, Becker
   (1964) estimates internal rates of return from high school and
   college/university schooling, primarily for native-born white men, but also
   for other demographic groups. The first regression-based approach is the
   development of the schooling-earnings function by Becker and Chiswick
   (1966), which relates the logarithm of earnings, as a linear function of
   years invested in human capital, with the application to years of
   schooling. This was expanded by Mincer (1974) to the "human capital
   earnings function" (HCEF), which added years of post-school labor market
   experience. Attractive features of the HCEF are discussed. Extensions of
   the HCEF in the 1970s and early 1980s account for interrupted labor marker
   experience, geographic mobility, and self-employment and unpaid family
   workers.
   Keywords: Human Capital, Schooling Earnings Function, Human Capital
   Earnings Function, Schooling, Labor Market Experience, Women, Immigrants,
   Less Developed Countries, Self-Employed, Unpaid Workers
   JEL: I24 I26 J3 J46 J61 O15 B29
   <http://econpapers.repec.org/scripts/search.pf?jel=I24%20I26%20J3%20J46%20J61%20O15%20B29>
   Date: 2023–12
   URL: http://d.repec.org/n?u=RePEc:gwi:wpaper:2023-12&r=hpe
   7. Competing narratives in the Swedish 1929 deposit loss-debate
   <http://econpapers.repec.org/RePEc:hhs:uuehwp:2023_008>
   By: Wendschlag, Mikael
   <http://econpapers.repec.org/scripts/search.pf?aus=Wendschlag,%20Mikael>
(Department
   of Economic History, Uppsala University)
   Abstract: In early April 1929, eight Swedish savings banks were found
   insolvent and closed due to economic crimes committed by some of their
   founders. After the crash, the Swedish parliament entered a debate about
   whether the state should cover some, all or none of the losses of the
   failed banks’ 88 000 depositors. The debate, mainly between the right party
   and the social democrats, was characterized by competing narratives about
   the causes of the crash, whether the state should intervene or not, whether
   there existed an implicit deposit insurance or not, who should be covered
   among the depositors, by how much, and how an intervention should be funded
   and administered. The debate, and the policy decision, is unique in Swedish
   banking history and illustrate the importance of narratives to understand
   political responses to bank crashes and crises. The debate ended in mid-May
   with a decision to partially cover the depositors’ losses.
   Keywords: bank crashes; competing narratives; deposit insurance; memories
   JEL: B52 G01 G28 H12 N24
   <http://econpapers.repec.org/scripts/search.pf?jel=B52%20G01%20G28%20H12%20N24>
   Date: 2023–12–08
   URL: http://d.repec.org/n?u=RePEc:hhs:uuehwp:2023_008&r=hpe
   8. Conceptions of Rationality and their Justifications
   <http://econpapers.repec.org/RePEc:aue:wpaper:2322>
   By: Phoebe Koundouri
   <http://econpapers.repec.org/scripts/search.pf?aus=Phoebe%20Koundouri>;
Nikitas
   Pittis
   <http://econpapers.repec.org/scripts/search.pf?aus=Nikitas%20Pittis>
(University
   of Piraeus, Greece); Panagiotis Samartzis
   <http://econpapers.repec.org/scripts/search.pf?aus=Panagiotis%20Samartzis>
   Abstract: Economic rationality puts constraints on the preferences
   and/or degrees of belief (subjective probabilities or credences) of a
   decision maker (DM). This paper focuses on a belief-based definition of
   rationality (referred to as BEL): BEL requires DM's credences to be
   precise, unique, ascertainable, coherent and asymptotically accurate. We
   distinguish two types of DMs, the "expert"(DMs) and the "naive"(DMo) ones,
   and ask whether and how BEL may be achieved by either of them. To answer
   this we define two sets of cognitive/epistemic properties, Ys and Yo for
   DMs and DMo, respectively and show that Ys and Yo form the basis of the
   corresponding processes (referred to as Bayesian Confirmation (BC) and
   "trial and error, frequency-based (TEFB), respectively) by which DMs and
   DMo reach BEL. This means that on the assumption that Ys and Yo are
   empirically valid, the naive decision maker thinks probabilistically
   "as-if" she were the expert. An important difference between this paper and
   the related literature concerns the obscurity" of the "as-if" process. In
   our approach, this is a concrete process, namely TEFB, instead of an
   unspecified, "black box" one. We also argue that some of the assumptions in
   Yo (on which standard arguments of rationality - such as the Dutch Book and
   Arbitrage arguments - are based) are empirically questionable. Finally, we
   suggest that although BEL is the normative standard against which beliefs
   must be measured and judged, the actual rationality of decision makers
   comes in degrees (graded rationality). The smooth functioning of the
   economic system requires decision makers who are "sufficiently" rather than
   "perfectly" rational.
   JEL: C44 D81 D83 D89
   <http://econpapers.repec.org/scripts/search.pf?jel=C44%20D81%20D83%20D89>
   Date: 2023–12–22
   URL: http://d.repec.org/n?u=RePEc:aue:wpaper:2322&r=hpe
   9. Enlightenment Ideals and Belief in Progress in the Run-up to the
   Industrial Revolution: A Textual Analysis
   <http://econpapers.repec.org/RePEc:chu:wpaper:23-13>
   By: Ali Almelhem
   <http://econpapers.repec.org/scripts/search.pf?aus=Ali%20Almelhem> (The
   World Bank); Murat Iyigun
   <http://econpapers.repec.org/scripts/search.pf?aus=Murat%20Iyigun>
(University
   of Colorado, Boulder & IZA); Austin Kennedy
   <http://econpapers.repec.org/scripts/search.pf?aus=Austin%20Kennedy>
(University
   of Colorado, Boulder); Jared Rubin
   <http://econpapers.repec.org/scripts/search.pf?aus=Jared%20Rubin> (Chapman
   University)
   Abstract: Using textual analysis of 173, 031 works printed in England
   between 1500 and 1900, we test whether British culture evolved to manifest
   a heightened belief in progress associated with science and industry. Our
   analysis yields three main fndings. First, there was a separation in the
   language of science and religion beginning in the 17th century. Second,
   scientifc volumes became more progress-oriented during the Enlightenment.
   Third, industrial works—especially those at the science-political economy
   nexus—were more progress-oriented beginning in the 17th century. It was
   therefore the more pragmatic, industrial works which refected the cultural
   values cited as important for Britain’s takeof.
   Keywords: language, religion, science, political economy,
   progressiveness, Enlightenment, Industrial Revolution
   JEL: C81 C88 N33 N63 O14 Z11
   <http://econpapers.repec.org/scripts/search.pf?jel=C81%20C88%20N33%20N63%20O14%20Z11>
   Date: 2023
   URL: http://d.repec.org/n?u=RePEc:chu:wpaper:23-13&r=hpe
   10. Tracing the Genesis of the Split between Western and Soviet Marxism:
   the Case of Karl Korsch and Georg Lukacs in the 1920s Debate over
   ‘Ultra-Leftism’
   <http://econpapers.repec.org/RePEc:hig:wpaper:212/hum/2023>
   By: Vlada V. Asadulaeva
   <http://econpapers.repec.org/scripts/search.pf?aus=Vlada%20V.%20Asadulaeva>
(National
   Research University Higher School of Economics)
   Abstract: Although a certain incommensurability between Soviet and
   Western Marxism has been assumed in a wide variety of studies, no research
   has been done on the genesis of the split between the two traditions in the
   context of the political turmoil of the 1920s. The current study aims to
   address this issue. By highlighting the commitment of the so-called
   ‘fathers of Western Marxism’ to the political tactics of left communism, I
   argue that the tradition of Western Marxism emerged specifically as a
   philosophical justification for what in the Soviet Union was considered the
   ‘ultra-left’ political ideology. Further, I demonstrate that that the works
   of Karl Korsch and Georg Lukacs were read precisely in this light by the
   Bolshevik philosophers whose criticism marked an important watershed in the
   genesis of the split between Western and Soviet Marxists.
   Keywords: Western Marxism, Soviet Marxism, Georg Lukacs, Karl Korsch,
   Left Communism
   JEL: Z00 <http://econpapers.repec.org/scripts/search.pf?jel=Z00>
   Date: 2023
   URL: http://d.repec.org/n?u=RePEc:hig:wpaper:212/hum/2023&r=hpe
   11. Préparer l’enseignement supérieur de gestion français aux défis
   énergétiques et écologiques de l’Anthropocène
   <http://econpapers.repec.org/RePEc:hal:journl:hal-04294618>
   By: Guillaume Carton
   <http://econpapers.repec.org/scripts/search.pf?aus=Guillaume%20Carton> (EM
   - emlyon business school); Bertrand Valiorgue
   <http://econpapers.repec.org/scripts/search.pf?aus=Bertrand%20Valiorgue> (EM
   - emlyon business school)
   Abstract: The Shift Project recently challenged French management
   scholars on the lack of commitment regarding the ecological and energy
   transition of the various higher education structures. To evaluate if this
   call to change French management education has some chances of success, we
   compare what the Shift Project proposes today with the transformation
   program of management education implemented by the Ford foundation between
   1954 and 1966 in the USA. This comparison makes it possible to identify
   three principles of action likely to lead to a greater integration of
   ecological and energy issues in French higher management education
   structures. It also allows us to understand that the FNEGE is likely to
   play a pivotal role in this transition dynamic.
   Abstract: Le Shift Project a récemment interpellé les différentes
   structures de l'enseignement supérieur de gestion afin qu'elles acroissent
   leur engagement en matière de transition écologique et énergétique. Afin de
   déterminer si cet appel à la réforme peut aboutir, nous évaluons les
   propositions du Shift Project à l'aune de celles mises en œuvre par la
   fondation Ford aux États-Unis dans les années 1950/1960. Cette comparaison
   permet de dégager trois principes d'action susceptibles de conduire à une
   meilleure intégration des enjeux écologiques et énergétiques. Elle permet
   également de comprendre que la FNEGE est susceptible de jouer un rôle pivot
   dans cette dynamique de transition.
   Keywords: Anthropocene, Energy and ecological transition, Higher
   education in management, Scientific and pedagogical paradigm, Ford
   Foundation, Shift Project, FNEGE
   Date: 2023
   URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-04294618&r=hpe
   12. What Makes Econometric Ideas Popular: The Role of Connectivity
   <http://econpapers.repec.org/RePEc:drm:wpaper:2023-35>
   By: Valérie Mignon
   <http://econpapers.repec.org/scripts/search.pf?aus=Val%C3%A9rie%20Mignon>
   ; Marc Joëts
   <http://econpapers.repec.org/scripts/search.pf?aus=Marc%20Jo%C3%ABts>;
Bertrand
   Candelon
   <http://econpapers.repec.org/scripts/search.pf?aus=Bertrand%20Candelon>
   Abstract: This paper aims to identify the factors contributing to the
   diffusion of ideas in econometrics by paying particular attention to
   connectivity in content and social networks. Considering a sample of 17,
   260 research papers in econometrics over the 1980-2020 period, we rely on
   Structural Topic Models to extract and categorize topics relevant to key
   domains in the discipline. Using a hurdle count model, we show that both
   content and social connectivity among the authors (i.e., social
   connectivity) enhance the likelihood of non-zero citation counts and play a
   key role in shaping the diffusion of econometric ideas. We also find that
   high topic connectivity augmented by robust social connectivity among
   authors or authoring teams further enhances econometric ideas' diffusion
   success. Finally, our findings unveil an inverted U-shaped relationship
   between connectivity and the success of idea diffusion; the latter
   initially escalates but starts to wane upon reaching a certain threshold.
   Keywords: Connectivity; Idea diffusion; Econometric publications;
   Citations; Structural Topic Model; Hurdle count model.
   JEL: C01 <http://econpapers.repec.org/scripts/search.pf?jel=C01>
   Date: 2023
   URL: http://d.repec.org/n?u=RePEc:drm:wpaper:2023-35&r=hpe

------------------------------
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