[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 2022‒09‒05
papers chosen by
Erik Thomson <http://econpapers.repec.org/RAS/pth72.htm>
University of Manitoba <http://umanitoba.ca/>
------------------------------
1. Choice That’s Rational
<https://mail.google.com/mail/u/0/#m_8586954239016009833_p1> By Chatterjee,
Sidharta
<http://econpapers.repec.org/scripts/search.pf?aus=Chatterjee,%20Sidharta>
2. The economics of class. A dual approach.
<https://mail.google.com/mail/u/0/#m_8586954239016009833_p2> By Fernando
Esteve Mora
<http://econpapers.repec.org/scripts/search.pf?aus=Fernando%20Esteve%20Mora>
; Rafael Muñoz De Bustillo Llorente
<http://econpapers.repec.org/scripts/search.pf?aus=Rafael%20Mu%C3%B1oz%20De%20Bustillo%20Llorente>
3. Inequality and Growth: A Review on a Great Open Debate in Economics
<https://mail.google.com/mail/u/0/#m_8586954239016009833_p3> By Foellmi,
Reto <http://econpapers.repec.org/scripts/search.pf?aus=Foellmi,%20Reto>
; Baselgia, Enea
<http://econpapers.repec.org/scripts/search.pf?aus=Baselgia,%20Enea>
------------------------------
1. Choice That’s Rational
<http://econpapers.repec.org/RePEc:pra:mprapa:113880>
By: Chatterjee, Sidharta
<http://econpapers.repec.org/scripts/search.pf?aus=Chatterjee,%20Sidharta>
Abstract: In this paper, I discuss about the axiomatic basis of rational
choice theory—the theory that is behind making rational choice and
decisions. To make rational choices, we would require thinking rationally
and understanding the reason and logic behind what makes a choice rational,
and how we need to choose rationally. Decisions are made under various
circumstances, i.e., under risk, and often under compulsion. In social
choice theory, decisions are made by different types of decision making
entities, i.e., committees, groups, individuals and collective judgments by
various types of organizations, etc. This paper highlights these issues and
addresses the fundamental tenets of making rational choices by examining
and following the previous workings of experts on this field. As such, it
introduces a novel concept and the idea of Social Choice Rationality in
choosing what’s rational.
Keywords: Choice, decision making, rational choice, social choice
theory, Social Choice Rationality, Social welfare, welfare actions
JEL: I3 Z1 <http://econpapers.repec.org/scripts/search.pf?jel=I3%20Z1>
Date: 2022–07–25
URL: http://d.repec.org/n?u=RePEc:pra:mprapa:113880&r=
2. The economics of class. A dual approach.
<http://econpapers.repec.org/RePEc:ipt:dclass:202206>
By: Fernando Esteve Mora
<http://econpapers.repec.org/scripts/search.pf?aus=Fernando%20Esteve%20Mora>
(UAM); Rafael Muñoz De Bustillo Llorente
<http://econpapers.repec.org/scripts/search.pf?aus=Rafael%20Mu%C3%B1oz%20De%20Bustillo%20Llorente>
Abstract: The aim of this paper is to present a novel proposal to define
social classes from the economic perspective. This paper draws on a
previous working paper (Muñoz de Bustillo and Esteve, 2022) that discusses
the demise of the concept of social classes in economic analysis derived
from the triumph of Neoclassical Theory, its substitution in recent times
by the definition of social classes based on ad-hoc aggregation of deciles
of people in the income distribution, and the convenience to explore new
ways of defining social classes from an economic perspective. The proposal
presented in this paper regarding social classes is based on two different
elements. The first one is the participation or exclusion of a given person
from the economic surplus. The second one is its position, both in terms of
income and consumption, in relation to the necessary consumption, C*, and
average income, Y. These concepts allow defining three different social
classes: Low, Middle and High, that can be further divided in subclasses up
to a total of seven. A second, and less developed part of the paper reviews
the role of economic power in explaining the allocation of different people
in the above-mentioned social classes.
Keywords: Social classes, Classical political economy, Surplus approach
Date: 2022–08
URL: http://d.repec.org/n?u=RePEc:ipt:dclass:202206&r=
3. Inequality and Growth: A Review on a Great Open Debate in Economics
<http://econpapers.repec.org/RePEc:usg:econwp:2022:05>
By: Foellmi, Reto
<http://econpapers.repec.org/scripts/search.pf?aus=Foellmi,%20Reto>;
Baselgia,
Enea <http://econpapers.repec.org/scripts/search.pf?aus=Baselgia,%20Enea>
Abstract: What is the relationship between inequality and growth? This
question has occupied and fascinated social scientists for more than a
century. This chapter critically reviews the recent empirical and
theoretical literature on the complex interplay between inequality and
economic growth. Inequality might come in many forms: (top) incomes, wages,
wealth, land or opportunities. At the same time, growth performance could
be measured as average growth rates, variability of growth or the potential
for growth to "take off". This survey considers causality running from
inequality to growth; hence, the Kuznets hypothesis is only touched on in
passing. The empirical literature estimating the effect of inequality on
growth has produced a wide range of results, precluding clear-cut
conclusions on the inequality-growth relationship. Consequently, it remains
central to understand the underlying economic causes and channels through
which (different aspects of) inequality can promote or hamper economic
growth. This chapter aims to provide a broad overview of the contemporary
results and an outline for prospective empirical and theoretical work.
Keywords: Economic Growth, Inequality, Redistribution, Theory and
Evidence
JEL: D30 O10 O31 O40
<http://econpapers.repec.org/scripts/search.pf?jel=D30%20O10%20O31%20O40>
Date: 2022–07
URL: http://d.repec.org/n?u=RePEc:usg:econwp:2022:05&r=
------------------------------
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