[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 2023‒10‒02
papers chosen by
Erik Thomson <http://econpapers.repec.org/RAS/pth72.htm>,
University of Manitoba <http://umanitoba.ca/>
------------------------------
1. Economics Imperialism and Economic Imperialism: Two Sides of the Same
Coin <https://mail.google.com/mail/u/0/#m_4263974798179282739_p1>
By Ambrosino,
Angela
<http://econpapers.repec.org/scripts/search.pf?aus=Ambrosino,%20Angela>;
Cedrini,
Mario
<http://econpapers.repec.org/scripts/search.pf?aus=Cedrini,%20Mario>; Davis,
John B.
<http://econpapers.repec.org/scripts/search.pf?aus=Davis,%20John%20B.>
2. Agent-based Modeling and the Sociology of Money: a Framework for the
Study of Coordination and Plurality
<https://mail.google.com/mail/u/0/#m_4263974798179282739_p2> By Eduardo
Ferraciolli
<http://econpapers.repec.org/scripts/search.pf?aus=Eduardo%20Ferraciolli>
; Tanya Araújo
<http://econpapers.repec.org/scripts/search.pf?aus=Tanya%20Ara%C3%BAjo>
3. Classical Economics: Lost and Found
<https://mail.google.com/mail/u/0/#m_4263974798179282739_p3> By Sabiou
Inoua <http://econpapers.repec.org/scripts/search.pf?aus=Sabiou%20Inoua>
; Vernon Smith
<http://econpapers.repec.org/scripts/search.pf?aus=Vernon%20Smith>
4. Social Processes of Oppression in the Stratified Economy and
Veblenian Feminist Post Keynesian Connections
<https://mail.google.com/mail/u/0/#m_4263974798179282739_p4> By Zdravka
Todorova
<http://econpapers.repec.org/scripts/search.pf?aus=Zdravka%20Todorova>
5. Reclaiming the Relational Ontology of the Fiduciary and Exploring
Relational Ethics
<https://mail.google.com/mail/u/0/#m_4263974798179282739_p5> By Helen
Mussell
<http://econpapers.repec.org/scripts/search.pf?aus=Helen%20Mussell>
6. Exploring Epistemic Vices in the Fiduciary: Injustice and Beyond
<https://mail.google.com/mail/u/0/#m_4263974798179282739_p6> By Helen
Mussell
<http://econpapers.repec.org/scripts/search.pf?aus=Helen%20Mussell>
7. Is there a 'new consensus' on inequality?
<https://mail.google.com/mail/u/0/#m_4263974798179282739_p7> By Francisco
H. G. Ferreira
<http://econpapers.repec.org/scripts/search.pf?aus=Francisco%20H.%20G.%20Ferreira>
------------------------------
1. Economics Imperialism and Economic Imperialism: Two Sides of the Same
Coin <http://econpapers.repec.org/RePEc:mrq:wpaper:2023-03>
By: Ambrosino, Angela
<http://econpapers.repec.org/scripts/search.pf?aus=Ambrosino,%20Angela>;
Cedrini,
Mario
<http://econpapers.repec.org/scripts/search.pf?aus=Cedrini,%20Mario>; Davis,
John B.
<http://econpapers.repec.org/scripts/search.pf?aus=Davis,%20John%20B.>
(Department
of Economics Marquette University; Department of Economics Marquette
University)
Abstract: We argue that in a core-periphery economic world economics
imperialism as advanced by the postwar Chicago School and economic
imperialism led by the economies of the north are two sides of the same
coin. We first review the parallelism between postwar capitalism’s
core-periphery expansion of the north into the south and the Chicago’s
theory of economics imperialism. We then distinguish four forms of
relationships between different disciplines, and using Rodrik’s augmented
global capitalism trilemma argue Chicago adopts his Golden Straitjacket
pathway, both for north-south capitalist expansion and core mainstream
economics’ orientation toward other social science disciplines. The paper
then uses Ricardo’s classic theory of rising rents to argue the Golden
Straitjacket pathway is self-undermining for both, because it produces
costly rising inframarginal rents in the north economies associated with
financialization and in Chicago economics associated with its defense
against other disciplines’ reverse imperialisms. We conclude that
long-term forces operating on global economic development and the evolution
of the social sciences suggest an alternative pathway for both that would
produce a more pluralistic world economy and a more pluralistic economics.
Keywords: economic imperialism, economics imperialism, Rodrik, Golden
Straitjacket, Ricardo, financialization, reverse imperialism, pluralism
JEL: A12 B41 F02
<http://econpapers.repec.org/scripts/search.pf?jel=A12%20B41%20F02>
Date: 2023–09
URL: http://d.repec.org/n?u=RePEc:mrq:wpaper:2023-03&r=hpe
2. Agent-based Modeling and the Sociology of Money: a Framework for the
Study of Coordination and Plurality
<http://econpapers.repec.org/RePEc:ise:remwps:wp02852023>
By: Eduardo Ferraciolli
<http://econpapers.repec.org/scripts/search.pf?aus=Eduardo%20Ferraciolli>
; Tanya Araújo
<http://econpapers.repec.org/scripts/search.pf?aus=Tanya%20Ara%C3%BAjo>
Abstract: The institution of money can be seen as a foundational social
mechanism providing communities with the ability to quantify the results of
economic processes and collectively regulate independent activities of
production and trade – money can be said, indeed, to constitute the
micro-macro link in economics. As such, investigations of money’s role in
the economy can be fruitfully combined with the tools of social simulation.
This paper revisits some of the main positions taken in the contested
landscape of monetary theory, evaluating how they might serve as a
foundation for the development of a new generation of conceptual and
empirical agent-based models.We start out by presenting a comparative
review of the way different intellectual traditions in mainstream
economics, heterodox economics, and economic sociology attempt to specify
the nature of money as an institution and clarify its role in the economy.
We extract the key "concepts of money" that each approach emphasizes,
paying especially close attention to the contrast between the sociology of
money and the microfoundations-related traditions in economics (focusing on
"money is memory" models, search-theory and mechanism design). We then
review the current literature applying agent-based modeling to questions
surrounding the nature of money, assessing some of the main contributions
from the perspectives of generative epistemology and of the key concepts
identified above. We conclude by indicating different research directions
in which we believe agent-based models, in combination with the sociology
of money, still have the potential to provide new answers to old questions
in monetary theory: by clarifying convergence processes related to money of
account, by illustrating the formation of economic structure through
symbolic mediation, by constructing tools for analyses of intersubjectivity
and coordination, or by providing formal generalization to the
social-monetary patterns that are currently being revealed in the wealth of
empirical data originating from digital complementary currencies and new
histories of money.
Keywords: monetary theory, agent-based modeling, economic sociology
Date: 2023–08
URL: http://d.repec.org/n?u=RePEc:ise:remwps:wp02852023&r=hpe
3. Classical Economics: Lost and Found
<http://econpapers.repec.org/RePEc:arx:papers:2308.11069>
By: Sabiou Inoua
<http://econpapers.repec.org/scripts/search.pf?aus=Sabiou%20Inoua>; Vernon
Smith <http://econpapers.repec.org/scripts/search.pf?aus=Vernon%20Smith>
Abstract: "Economists miss the boat when they act as if Arrow and
Debreu's general equilibrium model accurately describes markets in the real
world of constant change. In contrast, the classical view on the market
mechanism offers a helpful foundation on which to add modern insights about
how markets create and coordinate information."
Date: 2023–08
URL: http://d.repec.org/n?u=RePEc:arx:papers:2308.11069&r=hpe
4. Social Processes of Oppression in the Stratified Economy and
Veblenian Feminist Post Keynesian Connections
<http://econpapers.repec.org/RePEc:pke:wpaper:pkwp2311>
By: Zdravka Todorova
<http://econpapers.repec.org/scripts/search.pf?aus=Zdravka%20Todorova>
Abstract: Conceptions of social stratification and oppression should be
central to Post Keynesian inquiry. The article takes a Veblenian feminist
view to discuss aspects of oppression in economies of stratification, and
outlines connections to areas of Post Keynesian economics. The article is
structured around “five faces of oppression” delineated by political
theorist Iris Young: exploitation, violence, powerlessness, cultural
imperialism, and marginalization. The paper reframes those based on a
conception of evolving social processes and diverse economic relations, and
employs Veblen’s theory of surplus and stratification, which has a broad
understanding of domination that goes beyond capital accumulation. The
article provides illustrations of these interconnected aspects of
oppression, and discusses how each is co-opted today. The article presents
specific connections to Post Keynesian economic analysis and concludes by
highlighting the potential of Post Keynesian economics for social justice.
Keywords: Stratification; Oppression; Thorstein Veblen; Feminist Post
Keynesian Economics; Social Processes
JEL: B52 B54 E12 Z13 Z18
<http://econpapers.repec.org/scripts/search.pf?jel=B52%20B54%20E12%20Z13%20Z18>
Date: 2023–09
URL: http://d.repec.org/n?u=RePEc:pke:wpaper:pkwp2311&r=hpe
5. Reclaiming the Relational Ontology of the Fiduciary and Exploring
Relational Ethics <http://econpapers.repec.org/RePEc:cbr:cbrwps:wp534>
By: Helen Mussell
<http://econpapers.repec.org/scripts/search.pf?aus=Helen%20Mussell>
Abstract: Despite the omnipresence of the fiduciary in organisations,
there is an omission of contemporary theorisations of this legal concept
within the organisational theory literature. This is particularly
surprising given the situation that the presence of ethics within the
fiduciary is increasingly contested ground, with clear implications for
managerial practice. This article addresses the lacuna by theorising the
fiduciary using an original ontological analysis, alongside identifying a
suitable ethical framework. It argues on two grounds that the ontology of
the fiduciary is inherently relational. The fiduciary’s process-oriented
focus is shown to indicate an open, emergent, and relational ontology at
work. Secondly, historical investigation of the development of the
fiduciary highlights its core relationship structure, and the
interdependency and power dynamic embedded in the fiduciary are revealed.
The argument is advanced that by bringing this inherent relational ontology
to the fore, we can see how a relational ethical framework – the Ethics of
Care – is best placed to explicate the ethics at work. The article
concludes with a discussion outlining how the ontological theorisation
offers utility in steering future practice of the fiduciary.
Keywords: Fiduciary duty, Contract Law, Modern Portfolio Theory, Ethics
of
JEL: B11 B26 B54 G11 G30 G32 K12 K13
<http://econpapers.repec.org/scripts/search.pf?jel=B11%20B26%20B54%20G11%20G30%20G32%20K12%20K13>
Date: 2021–12
URL: http://d.repec.org/n?u=RePEc:cbr:cbrwps:wp534&r=hpe
6. Exploring Epistemic Vices in the Fiduciary: Injustice and Beyond
<http://econpapers.repec.org/RePEc:cbr:cbrwps:wp533>
By: Helen Mussell
<http://econpapers.repec.org/scripts/search.pf?aus=Helen%20Mussell>
Abstract: The paper investigates epistemic vices in the fiduciary.
Building on existing work exploring the presence of epistemic injustice
embedded in the fiduciary, the paper examines the presence of another vice
- epistemic hubris - and suggests how epistemic injustice acts as a capital
vice within the context of the fiduciary, facilitating hubris to flourish.
Three interrelated arguments are advanced. The first focuses on how the
asymmetrical leader-follower dynamic within the fiduciary results in
hubris. The second builds on this exploring how the lack of consultation
with the beneficiary alongside deployment of specific economic epistemic
goods to interpret the fiduciary results in additional hubris. The third
draws the two together, arguing that as epistemic injustice creates
conditions for both examples of hubris to flourish, it serves as a capital
vice within the context of the fiduciary. Finally, safeguarding suggestions
are outlined for how these epistemic vices could be avoided.
Keywords: Fiduciary; Epistemic Vices; Epistemic Injustice; Epistemic
JEL: B11 B26 B54 G30 K12 K13 L14 L21
<http://econpapers.repec.org/scripts/search.pf?jel=B11%20B26%20B54%20G30%20K12%20K13%20L14%20L21>
Date: 2021–12
URL: http://d.repec.org/n?u=RePEc:cbr:cbrwps:wp533&r=hpe
7. Is there a 'new consensus' on inequality?
<http://econpapers.repec.org/RePEc:inq:inqwps:ecineq2023-655>
By: Francisco H. G. Ferreira
<http://econpapers.repec.org/scripts/search.pf?aus=Francisco%20H.%20G.%20Ferreira>
(London
School of Economics)
Abstract: Thirty years after the “Washington Consensus†, is there a
new policy consensus that addresses the problem of inequality? This paper
argues that there is widespread acceptance that multiple, interrelated and
mutually reinforcing inequalities exist – in income, wealth, education,
health, power, and recognition – and that these inequalities are
generally “too high†. There has also been a significant shift towards a
shared view that these inequalities matter, both intrinsically and because
of their instrumental effects on economic efficiency and political
institutions. There is much less consensus, perhaps surprisingly, on what
the actual levels of income inequality are, and there are common
misperceptions about their trends. In policy terms, there is something
approaching aconsensus regarding the desirability of various
“pre-distribution†policies, ranging from early childhood development to
investment in better teaching. In certain quarters, there is also agreement
that sharper antitrust regulation, freer labor unions, and more progressive
taxation is needed in most countries. But much less is known about how to
provide the poor with genuine opportunities to break the cycle of
intergenerational transmission of disadvantage in a durable way.
Keywords: inequality, redistribution, policy consensus
JEL: D31 D63 H20
<http://econpapers.repec.org/scripts/search.pf?jel=D31%20D63%20H20>
Date: 2023–09
URL: http://d.repec.org/n?u=RePEc:inq:inqwps:ecineq2023-655&r=hpe
------------------------------
This nep-hpe issue is ©2023 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 http://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.
|
