[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 2024‒01‒01
papers chosen by
Erik Thomson <http://econpapers.repec.org/RAS/pth72.htm>,
University of Manitoba <http://umanitoba.ca/>
------------------------------
1. Development of Innovation in Economics
<https://mail.google.com/mail/u/0/#m_-5121158488727607904_p1> By Kouam, H
<http://econpapers.repec.org/scripts/search.pf?aus=Kouam,%20H>; Mua, K
<http://econpapers.repec.org/scripts/search.pf?aus=Mua,%20K>
2. Econometric Causality: The Central Role of Thought Experiments
<https://mail.google.com/mail/u/0/#m_-5121158488727607904_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. Hume on the Protestant Ethic and the Rise of English Commercial Spirit
<https://mail.google.com/mail/u/0/#m_-5121158488727607904_p3> By Matson,
Erik W.
<http://econpapers.repec.org/scripts/search.pf?aus=Matson,%20Erik%20W.>
4. Is cohesive capitalism under threat?
<https://mail.google.com/mail/u/0/#m_-5121158488727607904_p4> By Besley,
Timothy
<http://econpapers.repec.org/scripts/search.pf?aus=Besley,%20Timothy>
5. When Microeconomic Instruction Serves as Ideology
<https://mail.google.com/mail/u/0/#m_-5121158488727607904_p5> By Jon D.
Wisman
<http://econpapers.repec.org/scripts/search.pf?aus=Jon%20D.%20Wisman>;
Michael
Cauvel
<http://econpapers.repec.org/scripts/search.pf?aus=Michael%20Cauvel>; Aaron
Pacitti
<http://econpapers.repec.org/scripts/search.pf?aus=Aaron%20Pacitti>
6. The gender gap in UK academic economics 1996-2018: progress,
stagnation and retreat
<https://mail.google.com/mail/u/0/#m_-5121158488727607904_p6> By Bateman,
Victoria
<http://econpapers.repec.org/scripts/search.pf?aus=Bateman,%20Victoria>;
Hengel,
Erin <http://econpapers.repec.org/scripts/search.pf?aus=Hengel,%20Erin>
7. Alexander Allan Shand and Parr's Bank: Roles as a director from 1909
to 1918 <https://mail.google.com/mail/u/0/#m_-5121158488727607904_p7>
By Hotori,
Eiji <http://econpapers.repec.org/scripts/search.pf?aus=Hotori,%20Eiji>
------------------------------
1. Development of Innovation in Economics
<http://econpapers.repec.org/RePEc:pra:mprapa:118020>
By: Kouam, H
<http://econpapers.repec.org/scripts/search.pf?aus=Kouam,%20H>; Mua, K
<http://econpapers.repec.org/scripts/search.pf?aus=Mua,%20K>
Abstract: This theory presents the theory of innovation in the
attainment of economic sciences. It equally reviews economic literature and
investigates innovation from different economic models. It first begins
with the analysis of views on classical economics, including Adam Smith and
David Ricardo. This is followed by discussions on theory in innovation
today, as handled in the knowledge-based economy. Analyzing the
achievements in economic thought outlines that innovation's importance and
relevance has grown over the last decade.
Keywords: Innovation, Economic Growth, Progress, Economic Models
JEL: O11 O31 O33 O34 O4 O40
<http://econpapers.repec.org/scripts/search.pf?jel=O11%20O31%20O33%20O34%20O4%20O40>
Date: 2023–02–06
URL: http://d.repec.org/n?u=RePEc:pra:mprapa:118020&r=hpe
2. Econometric Causality: The Central Role of Thought Experiments
<http://econpapers.repec.org/RePEc:hka:wpaper:2023-029>
By: James J. Heckman
<http://econpapers.repec.org/scripts/search.pf?aus=James%20J.%20Heckman>
(The
University of Chicago); Rodrigo Pinto
<http://econpapers.repec.org/scripts/search.pf?aus=Rodrigo%20Pinto>
(University
of California, Los Angeles)
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.
Keywords: Structural Equation Models, causality, causal inference,
directed acyclic graphs, Simultaneous Causality
JEL: C10 C18
<http://econpapers.repec.org/scripts/search.pf?jel=C10%20C18>
Date: 2023–12
URL: http://d.repec.org/n?u=RePEc:hka:wpaper:2023-029&r=hpe
3. Hume on the Protestant Ethic and the Rise of English Commercial Spirit
<http://econpapers.repec.org/RePEc:osf:socarx:x5wj9>
By: Matson, Erik W.
<http://econpapers.repec.org/scripts/search.pf?aus=Matson,%20Erik%20W.>
Abstract: This paper interprets the interaction between Protestantism
and commercial spirit in David Hume’s account of English development,
mostly drawing from The History of England. Hume saw Protestant
theology—especially the more enthusiastic strains of English Puritanism—as
having fortuitously shifted the landscape of political and economic
sensibilities in England in the sixteenth and seventeenth centuries by
affecting believer’s political, social, and economic psychologies. Those
shifting psychologies exhibited affinities with concurrent developments,
especially the decline of feudalism, the rise of consumerism, and the
creation of an independent middle class of merchants. The peculiar synergy
between such changes and Protestant theological innovations led to the
emergence of England, by the eighteenth century, as a polite and commercial
people—a people for whom commerce became, Hume claimed, more honorable than
in any other nation. Hume, like Max Weber, saw a distinctive Protestant
spirit as having contributed to the modern commercial order.
Date: 2023–11–24
URL: http://d.repec.org/n?u=RePEc:osf:socarx:x5wj9&r=hpe
4. Is cohesive capitalism under threat?
<http://econpapers.repec.org/RePEc:ehl:lserod:111518>
By: Besley, Timothy
<http://econpapers.repec.org/scripts/search.pf?aus=Besley,%20Timothy>
Abstract: This paper argues that a distinctive form of capitalism,
cohesive capitalism, emerged in the post-war period supporting the
wellbeing of its citizens through building state capacities alongside open
and democratic forms of government. The paper identifies a range of threats
that this model now faces and speculates on what it would take,
particularly in terms of international cooperation, to respond to them.
Keywords: state capacity; cohesive capitalism
JEL: P16 P51
<http://econpapers.repec.org/scripts/search.pf?jel=P16%20P51>
Date: 2021–12–01
URL: http://d.repec.org/n?u=RePEc:ehl:lserod:111518&r=hpe
5. When Microeconomic Instruction Serves as Ideology
<http://econpapers.repec.org/RePEc:amu:wpaper:2023-07>
By: Jon D. Wisman
<http://econpapers.repec.org/scripts/search.pf?aus=Jon%20D.%20Wisman>;
Michael
Cauvel
<http://econpapers.repec.org/scripts/search.pf?aus=Michael%20Cauvel>; Aaron
Pacitti
<http://econpapers.repec.org/scripts/search.pf?aus=Aaron%20Pacitti>
Abstract: The standard introductory course in microeconomics presents a
sophisticated set of tools for understanding the dynamics of markets, which
are of central importance in all contemporary societies. Unfortunately,
most textbooks for this course inadequately address and frequently distort
the six following issues critical to students' understanding of economic
society: Work is presented negatively as providing disutility;
interdependence in decision making is ignored, masking the social nature of
humans; the view that economic growth be society's principal goal is
uncritically embraced; and the consequences of externalities are
inadequately addressed, as too are market power, and property rights. The
outcome is that students are often left with the impression that unfettered
markets necessarily deliver economic efficiency and just outcomes,
resulting in pedagogy that serves as ideology legitimating prevailing
unequal social conditions. This article is intended to help professors
recognize the incomplete and unbalanced understanding offered by most
microeconomics textbooks to better enable them to avoid teaching economics
as ideology.
Keywords: Microeconomic education, realism of assumptions, ideology,
social role of microeconomics
JEL: A11 A14 B40 D00
<http://econpapers.repec.org/scripts/search.pf?jel=A11%20A14%20B40%20D00>
Date: 2023
URL: http://d.repec.org/n?u=RePEc:amu:wpaper:2023-07&r=hpe
6. The gender gap in UK academic economics 1996-2018: progress,
stagnation and retreat
<http://econpapers.repec.org/RePEc:ehl:lserod:118205>
By: Bateman, Victoria
<http://econpapers.repec.org/scripts/search.pf?aus=Bateman,%20Victoria>;
Hengel,
Erin <http://econpapers.repec.org/scripts/search.pf?aus=Hengel,%20Erin>
Abstract: This article reports on women’s representation in UK economics
over the last quarter century. While progress has been made, women in 2018
were only 32 percent of economics undergraduate students and 26 percent of
academic economists. Our data also suggest several areas of stagnation and
retreat. First, the percentage of female UK nationals studying economics is
low and falling over time. Second, female economists are substantially more
likely to be employed at lower academic ranks and in fixed-term—and
generally lower status—teaching- and research-only positions. Third, the
representation of women is especially low among ethnic minorities studying
for an economics PhD. And finally, the percentage of economics professors
with Asian ethnicity who are women has been falling over time, and at no
point between 2012-2018 was a Black female professor of economics employed
anywhere in the UK.
Keywords: gender; diversity; labour market equality; women in the
economics profession; gender gap
JEL: J24 I23 J44 A11
<http://econpapers.repec.org/scripts/search.pf?jel=J24%20I23%20J44%20A11>
Date: 2023–06–01
URL: http://d.repec.org/n?u=RePEc:ehl:lserod:118205&r=hpe
7. Alexander Allan Shand and Parr's Bank: Roles as a director from 1909
to 1918 <http://econpapers.repec.org/RePEc:zbw:eabhps:280405>
By: Hotori, Eiji
<http://econpapers.repec.org/scripts/search.pf?aus=Hotori,%20Eiji>
Abstract: In this article, I use documents obtained from the NatWest
Group archives to examine the work of Alexander Shand as a director of
Parr's Bank during the period 1909-1918. A Scottish banker, Alexander Shand
was recruited by the Japanese government early in his career to instruct
Japanese bureaucrats on the establishment of a modern banking system.
Following a conflict with the Japanese government in 1877, Shand returned
to the United Kingdom, where he used his connections within the British
bankers' network to obtain a position with Alliance Bank, commencing in
1878. In 1892, Alliance Bank merged with Parr's Bank, and Shand was
eventually appointed to the board in 1909, where he remained until Parr's
Bank merged with Westminster Bank in 1918. Shand was not only keen to
maintain discipline regarding insider lending, but also played an important
role in underwriting bonds issued in Japan and China. In addition, Shand
dealt with difficult issues related to the bank's participation in bailout
plans and tax-related matters. This article confirms Shand's industrious
and conservative attitude as a director of a British bank, as well as his
sound management principles in the early 20th century.
Keywords: financial history, UK-Japan relationship, British bank
JEL: N23 N83 N93
<http://econpapers.repec.org/scripts/search.pf?jel=N23%20N83%20N93>
Date: 2023
URL: http://d.repec.org/n?u=RePEc:zbw:eabhps:280405&r=hpe
------------------------------
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