[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 2023‒01‒30
papers chosen by
Erik Thomson <http://econpapers.repec.org/RAS/pth72.htm>
University of Manitoba <http://umanitoba.ca/>
------------------------------
1. Do Economists Replicate?
<https://mail.google.com/mail/u/0/#m_-1709883993591053819_p1> By
Ankel-Peters,
Jörg
<http://econpapers.repec.org/scripts/search.pf?aus=Ankel-Peters,%20J%C3%B6rg>
; Fiala, Nathan
<http://econpapers.repec.org/scripts/search.pf?aus=Fiala,%20Nathan>;
Neubauer,
Florian
<http://econpapers.repec.org/scripts/search.pf?aus=Neubauer,%20Florian>
2. How Law and Economics Was Marketed in a Hostile World :
l’institutionnalisation du champ aux États-Unis de l’immédiat après-guerre
aux années Reagan
<https://mail.google.com/mail/u/0/#m_-1709883993591053819_p2> By Thierry
Kirat <http://econpapers.repec.org/scripts/search.pf?aus=Thierry%20Kirat>
; Frédéric Marty
<http://econpapers.repec.org/scripts/search.pf?aus=Fr%C3%A9d%C3%A9ric%20Marty>
3. Des parasites au paradis ? Revenu universel, minima sociaux et
réciprocité <https://mail.google.com/mail/u/0/#m_-1709883993591053819_p3>
By Guillaume Allegre
<http://econpapers.repec.org/scripts/search.pf?aus=Guillaume%20Allegre>
4. Portfolio advice before modern portfolio theory : the Belle Époque
for french analyst Alfred Neymarck
<https://mail.google.com/mail/u/0/#m_-1709883993591053819_p4> By Maxime
Merli <http://econpapers.repec.org/scripts/search.pf?aus=Maxime%20Merli>
; Antoine Parent
<http://econpapers.repec.org/scripts/search.pf?aus=Antoine%20Parent>; Cécile
Edlinger
<http://econpapers.repec.org/scripts/search.pf?aus=C%C3%A9cile%20Edlinger>
5. The meaning of class struggle: Marx and the 1848 june days
<https://mail.google.com/mail/u/0/#m_-1709883993591053819_p5> By Leipold,
Bruno
<http://econpapers.repec.org/scripts/search.pf?aus=Leipold,%20Bruno>
6. Narrative persuasion
<https://mail.google.com/mail/u/0/#m_-1709883993591053819_p7> By Barron,
Kai <http://econpapers.repec.org/scripts/search.pf?aus=Barron,%20Kai>;
Fries,
Tilman
<http://econpapers.repec.org/scripts/search.pf?aus=Fries,%20Tilman>
------------------------------
1. Do Economists Replicate?
<http://econpapers.repec.org/RePEc:zbw:i4rdps:13>
By: Ankel-Peters, Jörg
<http://econpapers.repec.org/scripts/search.pf?aus=Ankel-Peters,%20J%C3%B6rg>
; Fiala, Nathan
<http://econpapers.repec.org/scripts/search.pf?aus=Fiala,%20Nathan>;
Neubauer,
Florian
<http://econpapers.repec.org/scripts/search.pf?aus=Neubauer,%20Florian>
Abstract: Reanalyses of empirical studies and replications in new
contexts are important for scientific progress. Journals in economics
increasingly require authors to provide data and code alongside published
papers, but how much does the economics profession actually replicate? This
paper summarizes existing replication definitions and reviews how much
economists replicate other scholars' work. We argue that in order to
counter incentive problems potentially leading to a replication crisis,
replications in the spirit of Merton's 'organized skepticism' are needed -
what we call 'policing replications'. We review leading economics journals
to show that policing replications are rare and conclude that more
incentives to replicate are needed to reap the fruits of rising
transparency standards.
Keywords: replication, replicability, research transparency,
meta-science, generalizability, systematic review
JEL: A11 C18
<http://econpapers.repec.org/scripts/search.pf?jel=A11%20C18>
Date: 2023
URL: http://d.repec.org/n?u=RePEc:zbw:i4rdps:13&r=hpe
2. How Law and Economics Was Marketed in a Hostile World :
l’institutionnalisation du champ aux États-Unis de l’immédiat après-guerre
aux années Reagan
<http://econpapers.repec.org/RePEc:hal:spmain:halshs-03162870>
By: Thierry Kirat
<http://econpapers.repec.org/scripts/search.pf?aus=Thierry%20Kirat> (IRISSO
- Institut de Recherche Interdisciplinaire en Sciences Sociales -
Université Paris Dauphine-PSL - PSL - Université Paris sciences et lettres
- INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation
et l’Environnement); Frédéric Marty
<http://econpapers.repec.org/scripts/search.pf?aus=Fr%C3%A9d%C3%A9ric%20Marty>
(OFCE
- Observatoire français des conjonctures économiques (Sciences Po) -
Sciences Po - Sciences Po, GREDEG - Groupe de Recherche en Droit, Economie
et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - COMUE
UCA - COMUE Université Côte d'Azur (2015-2019) - CNRS - Centre National de
la Recherche Scientifique - UCA - Université Côte d'Azur, CIRANO - Centre
interuniversitaire de recherche en analyse des organisations - UQAM -
Université du Québec à Montréal = University of Québec in Montréal)
Abstract: This article discusses the institutionalization of the field
of Law and Economics in the United States from the post-war period to the
Reagan administration. It emphasizes the role of pro-market corporate
foundations in the development of Law and Economics. It analyses individual
and collective trajectories, including research projects, judges training
programs, and leading academics contributions and judicial and
administrative careers. It ultimately focuses on the impact of this
institutionalization on judging methods.
Abstract: Cet article traite de l'institutionnalisation du champ de la
Law and Economics aux Etats-Unis de l'après-guerre aux années Reagan. Il
met l'accent sur le rôle de fondations d'entreprises pro-marché dans
l'essor de la Law and Economics et s'appuie sur l'analyse de trajectoires
individuelles ou collectives, qu'il s'agisse de projets de recherche, de
programmes de formation des juges ou encore de travaux académiques et de
carrières judiciaires et administratives de théoriciens de premier plan. Il
s'attache in fine à l'impact de cette institutionnalisation sur les
manières de juger
Keywords: conservatism, antitrust, foundations, law and economics,
fondations, économie du droit, conservatisme
Date: 2021–03–08
URL: http://d.repec.org/n?u=RePEc:hal:spmain:halshs-03162870&r=hpe
3. Des parasites au paradis ? Revenu universel, minima sociaux et
réciprocité <http://econpapers.repec.org/RePEc:hal:spmain:hal-03474895>
By: Guillaume Allegre
<http://econpapers.repec.org/scripts/search.pf?aus=Guillaume%20Allegre>
(OFCE
- Observatoire français des conjonctures économiques (Sciences Po) -
Sciences Po - Sciences Po)
Abstract: Should society feed surfers? The question has arisen in these
terms since Van Parijs suggested to Rawls that a basic income would be in
line with his theory of justice. Rawls replied that those who surf should
find a way to support themselves. Most Western countries have guaranteed
minimum incomes which have conditions in terms of social or professional
integration efforts, in a logic of reciprocity. The refusal that others
live voluntarily at their expense, in a parasitic relationship, is a value
widely shared value across countries, religions and belief systems. For Van
Parijs, basic income can be justified by the common ownership of exogenous
resources (land, raw materials). From a non-perfectionist perspective,
respecting everyone's conceptions of what a good life is, the fact that
people using one's resources pay income to those who do not use them,
maximizes the real freedom of all. It is argued here that this argument
uses a specific conception of co-ownership (right equal to the income of
the property), but that there is another conception (equal right to the use
of the property). This later conception can be seen when co-owners of a
tennis court can usually use it at leisure, but not rent the slots to an
outside person. The idea of co-ownership of exogenous resources is
therefore not a definitive argument for basic income. We conclude by
discussing the characteristics of a guaranteed minimum income that would
minimize various forms of injustice.
Abstract: La société doit-elle nourrir les surfeurs ? La question se
pose dans ces termes depuis que Van Parijs a suggéré à Rawls qu'un revenu
universel serait conforme à sa théorie de la justice et que ce dernier lui
a répondu que ceux qui font du surf devraient trouver une façon de subvenir
à leurs propres besoins. Comme en France, la plupart des pays occidentaux
ont mis en place des revenus minimum garantis sous conditions d'efforts
d'insertion sociale ou professionnelle, dans une logique de réciprocité. Le
refus qu'autrui vive volontairement à ses dépens, dans une relation de
parasitage, est une valeur largement partagée à travers les pays et les
religions. Pour Van Parijs, le Revenu universel peut être justifié par la
propriété commune de ressources exogènes (la terre, les matières
premières). Dans une optique non-perfectionniste, respectant les
conceptions de chacun de ce qu'est la vie bonne, le fait que les personnes
utilisant ses ressources versent un revenu à ceux qui ne les utilise pas,
permet de maximiser la liberté réelle de tous. On argue ici que l'auteur
utilise une conception spécifique de la copropriété (droit égal aux revenus
de la propriété), mais qu'il existe une autre conception (droit égal à
l'utilisation de la propriété), de même que les co-propriétaires d'un
tennis peuvent en général l'utiliser à loisir, mais pas louer les créneaux
à une personne extérieure. L'idée de copropriété des ressources exogènes
n'est ainsi pas un argument définitif en faveur du Revenu universel. Nous
discutons en conclusion des caractéristiques d'un revenu minimum garanti
qui minimiserait différentes formes d'injustice.
Keywords: basic income, minimum income schemes, reciprocity, revenu
universel, minimum social, réciprocité
Date: 2021–01–01
URL: http://d.repec.org/n?u=RePEc:hal:spmain:hal-03474895&r=hpe
4. Portfolio advice before modern portfolio theory : the Belle Époque
for french analyst Alfred Neymarck
<http://econpapers.repec.org/RePEc:hal:spmain:hal-03403339>
By: Maxime Merli
<http://econpapers.repec.org/scripts/search.pf?aus=Maxime%20Merli> (UNISTRA
- Université de Strasbourg); Antoine Parent
<http://econpapers.repec.org/scripts/search.pf?aus=Antoine%20Parent> (OFCE
- Observatoire français des conjonctures économiques (Sciences Po) -
Sciences Po - Sciences Po); Cécile Edlinger
<http://econpapers.repec.org/scripts/search.pf?aus=C%C3%A9cile%20Edlinger>
(BETA
- Bureau d'Économie Théorique et Appliquée - AgroParisTech - UNISTRA -
Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre
National de la Recherche Scientifique - INRAE - Institut National de
Recherche pour l’Agriculture, l’Alimentation et l’Environnement)
Abstract: In this article, we propose an original analysis of advice
given by financial analysts prior to WW1. Our article focuses on the
writings of A. Neymarck, one of the most popular French analysts in the
early 20th Century. The creation of portfolios from a new database composed
of the monthly returns of all the security types listed on the official
Paris Stock Exchange from 1903 to 1912 has provided results demonstrating
that Neymarck correctly identified the risk in a number of sectors. The
performances of these portfolios, which were built according to Neymarck's
guidelines, confirm Neymarck's ranking in terms of both risk and return:
the richer the investor, the riskier and the more profitable his portfolio
was seen to be. Finally, the Modern Portfolio Theory enables us to pinpoint
the few imperfections in Neymarck's advice, which globally appears to be
driven by reliable financial analysis.
Keywords: Portfolio advice, Diversification before WW1, Financial
markets prior WW1
Date: 2021
URL: http://d.repec.org/n?u=RePEc:hal:spmain:hal-03403339&r=hpe
5. The meaning of class struggle: Marx and the 1848 june days
<http://econpapers.repec.org/RePEc:ehl:lserod:111611>
By: Leipold, Bruno
<http://econpapers.repec.org/scripts/search.pf?aus=Leipold,%20Bruno>
Abstract: Karl Marx characterized the 1848 June Days uprising as a class
struggle between proletarians and the bourgeoisie. But modern
investigations have shown that the insurgents actually consisted primarily
of artisans and not proletarians. They have also undermined Marx’s claim
that one of the primary forces used to defeat the insur-gency, the Mobile
Guard, was recruited from the lumpenproletariat, when in fact they shared
the same social background as the insurgents. As a result of these
findings, crit-ics have questioned the adequacy of Marx’s class analysis
and concluded that he was wrong to describe the June Days as a class
struggle. I argue that the empirical findings represent serious
shortcomings in Marx’s account and need to be properly incorpo-rated into
our understanding of the uprising. However, I challenge the
characterisation of Marx’s class analysis and show that though the June
Days were not the class struggle that Marx presented, they were still a
class struggle in his understanding of what class struggle means.
Keywords: 1848 french revolution; artisans; class; class struggle;
Journées de juin; June days; Karl Marx; lumpenproletariat; mobile guard;
petty bourgeoisie; proletarians
JEL: B14 B24 P2 P3
<http://econpapers.repec.org/scripts/search.pf?jel=B14%20B24%20P2%20P3>
Date: 2021–07–01
URL: http://d.repec.org/n?u=RePEc:ehl:lserod:111611&r=hpe
6. Narrative persuasion
<http://econpapers.repec.org/RePEc:zbw:wzbeoc:spii2023301>
By: Barron, Kai
<http://econpapers.repec.org/scripts/search.pf?aus=Barron,%20Kai>; Fries,
Tilman
<http://econpapers.repec.org/scripts/search.pf?aus=Fries,%20Tilman>
Abstract: Modern life offers nearly unbridled access to information; it
is the harnessing of this information to guide decision-making that
presents a challenge. We study how one individual may try to shape the way
another person interprets objective information by proposing a causal
explanation (or narrative) that makes sense of this objective information.
Using an experiment, we examine the use of narratives as a persuasive tool
in the context of financial advice where advisors may hold incentives that
differ from those of the individuals they are advising. Our results reveal
several insights about the underlying mechanisms that govern narrative
persuasion. First, we show that advisors construct self-interested
narratives and make them persuasive by tailoring them to fit the objective
information. Second, we demonstrate that advisors are able to shift
investors' beliefs about the future performance of a company. Third, we
identify the types of narratives that investors find convincing, namely
those that fit the objective information well. Finally, we evaluate the
efficacy of several potential policy interventions aimed at protecting
investors. We find that narrative persuasion is difficult to protect
against.
Keywords: Narratives, beliefs, financial advice, conflicts of interest,
behavioral finance
JEL: D83 G40 G50 C90
<http://econpapers.repec.org/scripts/search.pf?jel=D83%20G40%20G50%20C90>
Date: 2023
URL: http://d.repec.org/n?u=RePEc:zbw:wzbeoc:spii2023301&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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