[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 2022‒06‒27
papers chosen by
Erik Thomson <http://econpapers.repec.org/RAS/pth72.htm>
University of Manitoba <http://umanitoba.ca/>
------------------------------
1. A Key Work in the Origin of the Theory of the Entrepreneur in the
Spanish Enlightenment: An Unknown Manuscript of the Cantillon's Essai
<https://mail.google.com/mail/u/0/#m_-2976271342842114882_p1> By Jesus
Astigarraga
<http://econpapers.repec.org/scripts/search.pf?aus=Jesus%20Astigarraga>;
Juan
Zabalza
<http://econpapers.repec.org/scripts/search.pf?aus=Juan%20Zabalza>
2. The authors of economics journals revisited: Evidence from a
large-scale replication of Hodgson & Rothman (1999)
<https://mail.google.com/mail/u/0/#m_-2976271342842114882_p2> By
Aistleitner,
Matthias
<http://econpapers.repec.org/scripts/search.pf?aus=Aistleitner,%20Matthias>
; Kapeller, Jakob
<http://econpapers.repec.org/scripts/search.pf?aus=Kapeller,%20Jakob>;
Kronberger,
Dominik
<http://econpapers.repec.org/scripts/search.pf?aus=Kronberger,%20Dominik>
3. Rawls’s difference principle and maximin rule of allocation: a new
analysis <https://mail.google.com/mail/u/0/#m_-2976271342842114882_p3>
By Philippe Mongin
<http://econpapers.repec.org/scripts/search.pf?aus=Philippe%20Mongin>;
Marcus
Pivato
<http://econpapers.repec.org/scripts/search.pf?aus=Marcus%20Pivato>
4. What can Economists Learn from Public Perspectives on the Economy and
Economic Statistics?
<https://mail.google.com/mail/u/0/#m_-2976271342842114882_p4> By Johnny
Runge <http://econpapers.repec.org/scripts/search.pf?aus=Johnny%20Runge>
; Anna Killick
<http://econpapers.repec.org/scripts/search.pf?aus=Anna%20Killick>
5. How Did It Happen?: The Great Inflation of the 1970s and Lessons for
Today <https://mail.google.com/mail/u/0/#m_-2976271342842114882_p5>
By Edward
Nelson
<http://econpapers.repec.org/scripts/search.pf?aus=Edward%20Nelson>
6. The post war welfare state: stages and disputes
<https://mail.google.com/mail/u/0/#m_-2976271342842114882_p6> By Howard
Glennerster
<http://econpapers.repec.org/scripts/search.pf?aus=Howard%20Glennerster>
7. A review of nudges: definitions, justifications, effectiveness
<https://mail.google.com/mail/u/0/#m_-2976271342842114882_p7> By Congiu,
Luca <http://econpapers.repec.org/scripts/search.pf?aus=Congiu,%20Luca>;
Moscati,
Ivan <http://econpapers.repec.org/scripts/search.pf?aus=Moscati,%20Ivan>
8. Recent Contributions to Theories of Discrimination
<https://mail.google.com/mail/u/0/#m_-2976271342842114882_p8> By Paula
Onuchic
<http://econpapers.repec.org/scripts/search.pf?aus=Paula%20Onuchic>
9. Discovering the true Schumpeter: New insights into the finance and
growth nexus
<https://mail.google.com/mail/u/0/#m_-2976271342842114882_p9> By Bofinger,
Peter
<http://econpapers.repec.org/scripts/search.pf?aus=Bofinger,%20Peter>;
Geißendörfer,
Lisa
<http://econpapers.repec.org/scripts/search.pf?aus=Gei%C3%9Fend%C3%B6rfer,%20Lisa>
; Haas, Thomas
<http://econpapers.repec.org/scripts/search.pf?aus=Haas,%20Thomas>; Mayer,
Fabian
<http://econpapers.repec.org/scripts/search.pf?aus=Mayer,%20Fabian>
10. The crisis of economics
<https://mail.google.com/mail/u/0/#m_-2976271342842114882_p11> By Jacques
Fontanel
<http://econpapers.repec.org/scripts/search.pf?aus=Jacques%20Fontanel>
11. Political Legitimacy in Historical Political Economy
<https://mail.google.com/mail/u/0/#m_-2976271342842114882_p12> By Avner
Greif <http://econpapers.repec.org/scripts/search.pf?aus=Avner%20Greif>;
Jared
Rubin <http://econpapers.repec.org/scripts/search.pf?aus=Jared%20Rubin>
------------------------------
1. A Key Work in the Origin of the Theory of the Entrepreneur in the
Spanish Enlightenment: An Unknown Manuscript of the Cantillon's Essai
<http://econpapers.repec.org/RePEc:ahe:dtaehe:2203>
By: Jesus Astigarraga
<http://econpapers.repec.org/scripts/search.pf?aus=Jesus%20Astigarraga>
(Universidad
de Zaragoza, Departamento de Economia Aplicada); Juan Zabalza
<http://econpapers.repec.org/scripts/search.pf?aus=Juan%20Zabalza>
(Universidad
de Alicante, Departamento de Analisis Economico Aplicado)
Abstract: The Essai sur la nature du commerce en général (1755) by
Richard Cantillon is a major treatise on the "science of commerce" that
emerged in the 18th century in Europe. Despite not having been translated
into Spanish during that century, the treatise was well known in Spain,
particularly during the last third of the century. However, the recent
finding of a manuscript containing an unabridged translation of Cantillon's
emblematic book obliges us to turn our attention to Cantillon's Essai's
fortune in Spain. This work provides a comprehensive interpretation of this
manuscript and its possible date and authorship. The innovative nature of
the translation is underlined by an exhaustive displaying, for the first
time in Spain, of the theory of the entrepreneur, of which the Irish
economist was a true pioneer.
Keywords: Intellectual History, International Circulation of Economic
Ideas, Spanish Enlightenment, Translations of Political Economy, Theory of
Entrepreneur
JEL: B10 B30
<http://econpapers.repec.org/scripts/search.pf?jel=B10%20B30>
Date: 2022–05
URL: http://d.repec.org/n?u=RePEc:ahe:dtaehe:2203&r=
2. The authors of economics journals revisited: Evidence from a
large-scale replication of Hodgson & Rothman (1999)
<http://econpapers.repec.org/RePEc:zbw:ifsowp:20>
By: Aistleitner, Matthias
<http://econpapers.repec.org/scripts/search.pf?aus=Aistleitner,%20Matthias>
; Kapeller, Jakob
<http://econpapers.repec.org/scripts/search.pf?aus=Kapeller,%20Jakob>;
Kronberger,
Dominik
<http://econpapers.repec.org/scripts/search.pf?aus=Kronberger,%20Dominik>
Abstract: In this paper, we present results from of a large-scale
replication of Hodgson and Rothman's (1999) seminal analysis of the
institutional and geographical concentration of authors publishing in top
economic journals. We analyze bibliometric data of more than 49.000
articles published in a set of 30 highly influential economic journals
between 1990 and 2018. Based on a random sample of 3.253 authors, we
further analyze the PhD-granting institutions of the authors under study to
better scrutinize the claim of an institutional oligopoly. The findings
confirm the long-term persistence of strong oligopolistic structures in
terms of both, author affiliations as well as PhD-granting institutions.
Keywords: sociology of economics,bibliometrics,concentration in
science,replication study
JEL: A14 B20
<http://econpapers.repec.org/scripts/search.pf?jel=A14%20B20>
Date: 2022
URL: http://d.repec.org/n?u=RePEc:zbw:ifsowp:20&r=
3. Rawls’s difference principle and maximin rule of allocation: a new
analysis <http://econpapers.repec.org/RePEc:hal:journl:hal-03637875>
By: Philippe Mongin
<http://econpapers.repec.org/scripts/search.pf?aus=Philippe%20Mongin> (CNRS
- Centre National de la Recherche Scientifique, HEC Paris - Ecole des
Hautes Etudes Commerciales, LEMMA - Laboratoire d'économie mathématique et
de microéconomie appliquée - UP2 - Université Panthéon-Assas); Marcus
Pivato
<http://econpapers.repec.org/scripts/search.pf?aus=Marcus%20Pivato> (THEMA
- Théorie économique, modélisation et applications - CNRS - Centre National
de la Recherche Scientifique - CY - CY Cergy Paris Université)
Abstract: If Rawls's A Theory of Justice has achieved fame among
economists, this is due to his Difference Principle, which says that
inequalities of resources should be to the benefit of the less fortunate,
or more operationally, that allocations of resources should be ranked by
the maximin criterion. We extend the Rawlsian maximin in two ways: first,
by resorting to the more general min-of-means formula of decision theory,
second, by addressing the case where the resources accruing to each
individual are uncertain to society. For the latter purpose, we resort to
the ex ante versus ex post distinction of welfare economics. The paper
axiomatically characterizes the ex ante and ex post forms of the Rawlsian
maximin and compares them in terms of egalitarian criteria. It finally
recommends and axiomatizes a compromise egalitarian theory that mixes the
two forms.
Date: 2021
URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03637875&r=
4. What can Economists Learn from Public Perspectives on the Economy and
Economic Statistics?
<http://econpapers.repec.org/RePEc:nsr:escoeo:escoe-op-04>
By: Johnny Runge
<http://econpapers.repec.org/scripts/search.pf?aus=Johnny%20Runge>; Anna
Killick
<http://econpapers.repec.org/scripts/search.pf?aus=Anna%20Killick>
Abstract: This study involved 15 online workshops that brought 15
economists from a range of institutions together with 55 members of the
public in conversations about economic concepts and statistics. The aim was
to bring economists closer to public perspectives on the economy and
encourage them to reflect on what they learned and how these insights could
improve how they communicated with the public in the future. The report's
main finding is that the economists involved believed the workshop format
fulfilled that aim. They advocated for more similar or extended exercises
to reach a wider group of economists. They argued that all economists and
economic organisations should take collective responsibility for bringing
economists and the public closer together. In addition, there needs to be a
debate about what level of economic knowledge would enable members of the
public to fulfil their citizenship roles. More specific findings included
economists' reflections that public perceptions in the workshops in many
cases confounded their expectations and that people simply view the economy
from a different, personal perspective relying on their own experiences.
The economists considered developing communication strategies that were
simpler and more relatable, emphasising context and narrative instead of
figures. Finally, the economists argued it would be a challenge to
implement improvements in public understanding and communication in
practice, due to the complex way their communication filters through the
media as intermediaries, pointing to the need for further studies on the
relationship between economists and journalists
Keywords: communication, economic statistics, public engagement, public
understanding
JEL: D83 Z00
<http://econpapers.repec.org/scripts/search.pf?jel=D83%20Z00>
Date: 2021–12
URL: http://d.repec.org/n?u=RePEc:nsr:escoeo:escoe-op-04&r=
5. How Did It Happen?: The Great Inflation of the 1970s and Lessons for
Today <http://econpapers.repec.org/RePEc:fip:fedgfe:2022-37>
By: Edward Nelson
<http://econpapers.repec.org/scripts/search.pf?aus=Edward%20Nelson>
Abstract: The pickup in the U.S. inflation rate to its highest rates in
forty years has led to renewed attention being given to the Great Inflation
of the 1970s. This paper asks with regard to the Great Inflation: “How did
it happen?” The answer offered is the fact that, in both the United Kingdom
and the United States, monetary policy and other policy instruments were
guided by a faulty doctrine—a nonmonetary view of inflation that perceived
the concerted restraint of aggregate demand as both ineffective and
unnecessary for inflation control. In the paper’s analysis, the difference
in the economic policy doctrine in the 1970s from that prevailing in more
recent decades is represented algebraically, with this representation
backed up by documentation of policymakers’ views. A key conclusion implied
by the analysis is that the fact that a nonmonetary perspective on
inflation is no longer prevalent in policy circles provides grounds for
believing that monetary policy in the modern era is well positioned to
prevent the recurrence of *entrenched* high inflation rates of the kind
seen in the 1970s.
Keywords: Great Inflation; Phillips curve; Monetary policy doctrine;
Monetary policy strategy
JEL: E58 E52
<http://econpapers.repec.org/scripts/search.pf?jel=E58%20E52>
Date: 2022–06–03
URL: http://d.repec.org/n?u=RePEc:fip:fedgfe:2022-37&r=
6. The post war welfare state: stages and disputes
<http://econpapers.repec.org/RePEc:cep:spdorn:03>
By: Howard Glennerster
<http://econpapers.repec.org/scripts/search.pf?aus=Howard%20Glennerster>
Abstract: It has been suggested that the COVID epidemic, and its
profound economic and social consequences, may produce major changes in the
dominant ideas that help set the boundaries to social action. This note
reflects on significant shifts that have taken place in the way collective
action has been thought about at various stages in British history since
the Second World War and the part that economic and demographic trends have
played in prompting such changes. The periods it distinguishes are four:
1945-1976 the Post War Settlement'; 1976-1997 Constraint and Change;
1997-2010 An Expanded Welfare Role; 2010 to 2019 Austerity. These are
familiar, if sometimes contested periods, but the paper seeks to
distinguish both the continuities to be found in each period and the forces
that stimulated change.
Keywords: welfare state, post war
Date: 2020–08
URL: http://d.repec.org/n?u=RePEc:cep:spdorn:03&r=
7. A review of nudges: definitions, justifications, effectiveness
<http://econpapers.repec.org/RePEc:ehl:lserod:115134>
By: Congiu, Luca
<http://econpapers.repec.org/scripts/search.pf?aus=Congiu,%20Luca>; Moscati,
Ivan <http://econpapers.repec.org/scripts/search.pf?aus=Moscati,%20Ivan>
Abstract: In 2008, the behavioral economist Richard Thaler and the legal
scholar Cass Sunstein published a book in which they advocated a novel
approach to public policy based on the notion of a “nudge.” Roughly
speaking, a nudge is an intervention in the decisional context that steers
people's decisions by acting on their cognitive biases. The notion of a
nudge generated an intense debate across different disciplines and proved
popular with many policy makers around the world. The present article
reviews the debate and research on nudges by focusing on three main
dimensions: (1) the exact definition of nudges; (2) the justification of
nudge policies, with a focus on “libertarian paternalism”; and (3) the
effectiveness of nudges, both over time and in comparison with standard
policies.
Keywords: behavioral welfare economics; boosts; bounded rationality;
libertarian paternalism; nudge
JEL: D01 D90 M31
<http://econpapers.repec.org/scripts/search.pf?jel=D01%20D90%20M31>
Date: 2022–02–01
URL: http://d.repec.org/n?u=RePEc:ehl:lserod:115134&r=
8. Recent Contributions to Theories of Discrimination
<http://econpapers.repec.org/RePEc:arx:papers:2205.05994>
By: Paula Onuchic
<http://econpapers.repec.org/scripts/search.pf?aus=Paula%20Onuchic>
Abstract: This paper surveys the literature on theories of
discrimination, focusing mainly on new contributions. Recent theories
expand on the traditional taste-based and statistical discrimination
frameworks by considering specific features of learning and signaling
environments, often using novel information- and mechanism-design language;
analyzing learning and decision making by algorithms; and introducing
agents with behavioral biases and misspecified beliefs. This survey also
attempts to narrow the gap between the economic perspective on "theories of
discrimination" and the broader study of discrimination in the social
science literature. In that respect, I first contribute by identifying a
class of models of discriminatory institutions, made up of theories of
discriminatory social norms and discriminatory institutional design.
Second, I discuss the classification of discrimination as direct or
systemic, and compare it to previous notions of discrimination in the
economic literature.
Date: 2022–05
URL: http://d.repec.org/n?u=RePEc:arx:papers:2205.05994&r=
9. Discovering the true Schumpeter: New insights into the finance and
growth nexus <http://econpapers.repec.org/RePEc:zbw:wuewep:102>
By: Bofinger, Peter
<http://econpapers.repec.org/scripts/search.pf?aus=Bofinger,%20Peter>;
Geißendörfer,
Lisa
<http://econpapers.repec.org/scripts/search.pf?aus=Gei%C3%9Fend%C3%B6rfer,%20Lisa>
; Haas, Thomas
<http://econpapers.repec.org/scripts/search.pf?aus=Haas,%20Thomas>; Mayer,
Fabian
<http://econpapers.repec.org/scripts/search.pf?aus=Mayer,%20Fabian>
Abstract: Joseph A. Schumpeter is one of the most famous economists of
the 20th century and the 'patron saint' of the finance and growth
literature. We have discovered that the prevailing literature has, however,
misinterpreted Schumpeter, which leads to puzzling empirical results and
difficulties in explaining even fundamental relationships. We argue that
this is due to a misrepresentation of the role of banks and liquidity
creation and the role of household saving. After a critical discussion of
the literature, we provide our own empirical analysis using a panel of 43
countries to explore the relationships between the important variables of
the finance and growth literature. Our empirical analysis above all
supports Schumpeter's view that credit growth supports GDP growth while
saving is irrelevant for credit growth and GDP growth. In sum, a correct
interpretation of Schumpeter helps to overcome the theoretical and
empirical challenges which confront the prevailing literature.
Keywords: Finance-growth nexus,Finance,Financial development,Economic
growth,Economic development,Financial intermediation,Bank credit,Liquidity
creation,Saving
JEL: B20 B22 C10 E44 F30 F43 G21 O11 O16 O4
<http://econpapers.repec.org/scripts/search.pf?jel=B20%20B22%20C10%20E44%20F30%20F43%20G21%20O11%20O16%20O4>
Date: 2022
URL: http://d.repec.org/n?u=RePEc:zbw:wuewep:102&r=
10. The crisis of economics
<http://econpapers.repec.org/RePEc:hal:journl:hal-03654544>
By: Jacques Fontanel
<http://econpapers.repec.org/scripts/search.pf?aus=Jacques%20Fontanel>
(CESICE
- Centre d'études sur la sécurité internationale et les coopérations
européennes - UPMF - Université Pierre Mendès France - Grenoble 2 - IEPG -
Sciences Po Grenoble - Institut d'études politiques de Grenoble)
Abstract: Economic science is an ideology that consecrates the
omnipotence of the market economy, the police state and the management,
often short-term, of an economy condemned to perpetual economic growth.
With the Covid-19 pandemic, the analyses of liberal economists are losing
their bearings, because the basic assumptions no longer have any concrete
application in the face of a profound economic and social crisis. The
economy now reveals its eminently political character. The international,
national and local public sectors are organizing the fight against the
crisis of the market economy. The State then becomes the central actor in
the management of the national economy, in connection with the other
States. The profoundly political and social character of a globalized
economy highlights the violence of relations between states and citizens
and often between states themselves. This situation of collective
dependence is likely to create many tensions, which may lead to new
conflicts or wars between states.
Abstract: La science économique est une idéologie qui consacre
l'omnipotence de l'économie de marché, l'Etat gendarme et le management,
souvent de court terme, d'une économie condamnée à la croissance économique
perpétuelle. Avec la pandémie de Covid-19, les analyses des économistes
libéraux perdent leurs repères, car les hypothèses de base n'ont plus
d'application concrète pour faire face à une profonde crise économique et
sociale. L'économie révèle désormais son caractère éminemment politique.
Les secteurs publics internationaux, nationaux et locaux organisent la
lutte contre la crise de l'économie de marché. L'État devient alors
l'acteur central de la gestion de l'économie nationale, en lien avec les
autres Etats. Le caractère profondément politique et social d'une économie
mondialisée met en évidence la violence des relations entre les
gouvernements et les citoyens et souvent entre les Etats eux-mêmes. Cette
situation de dépendance collective est susceptible de créer de nombreuses
tensions, lesquelles peuvent conduire à de nouveaux conflits ou guerres.
Keywords: Economics,international organizations,multinational
firms,financial capitalism,pandemic,social inequalities,economic
warfare,military conflicts
Date: 2022–01–17
URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03654544&r=
11. Political Legitimacy in Historical Political Economy
<http://econpapers.repec.org/RePEc:chu:wpaper:22-08>
By: Avner Greif
<http://econpapers.repec.org/scripts/search.pf?aus=Avner%20Greif> (Stanford
University); Jared Rubin
<http://econpapers.repec.org/scripts/search.pf?aus=Jared%20Rubin> (Chapman
University)
Abstract: Political legitimacy has long been recognized in the social
sciences as an integral component of governance. It encourages obedience
without the threat of force, thus lowering governing costs and improving
the efficacy of policies. This chapter begins by overviewing the extensive
literature on political legitimacy, classifying studies by whether they are
based on the beliefs (regarding the legitimacy of the authority) or
effectiveness (good governance is legitimate governance). Among the studies
focusing on beliefs, most take legitimacy as an exogenous element of
political authority. We develop a conceptual framework to study how beliefs
regarding political legitimacy form endogenously and impact political
power, institutions, and policies. We conclude with numerous examples from
historical political economy that reveal the usefulness of this framework.
Keywords: political legitimacy; beliefs; endogenous legitimacy;
legitimacy principle
JEL: B15 H11 N30 N40 N43 Z1
<http://econpapers.repec.org/scripts/search.pf?jel=B15%20H11%20N30%20N40%20N43%20Z1>
Date: 2022
URL: http://d.repec.org/n?u=RePEc:chu:wpaper:22-08&r=
------------------------------
This nep-hpe issue is ©2022 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
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.
|
