[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 2023‒02‒27
papers chosen by
Erik Thomson <http://econpapers.repec.org/RAS/pth72.htm>
University of Manitoba <http://umanitoba.ca/>
------------------------------

   1. From the 1931 sterling devaluation to the breakdown of Bretton Woods:
   Robert Triffin’s analysis of international monetary crises
   <https://mail.google.com/mail/u/0/#m_-7109988942818999105_p1> By Ivo Maes
   <http://econpapers.repec.org/scripts/search.pf?aus=Ivo%20Maes>; Ilaria
   Pasotti
   <http://econpapers.repec.org/scripts/search.pf?aus=Ilaria%20Pasotti>
   2. Thorstein Veblen, The Meaning of Work, and its Humanization
   <https://mail.google.com/mail/u/0/#m_-7109988942818999105_p2> By Jon D.
   Wisman
   <http://econpapers.repec.org/scripts/search.pf?aus=Jon%20D.%20Wisman>
   3. Climate justice for persons with disability: Few harmed much, fewer
   still harmed too much
   <https://mail.google.com/mail/u/0/#m_-7109988942818999105_p3> By Gindo
   Tampubolon
   <http://econpapers.repec.org/scripts/search.pf?aus=Gindo%20Tampubolon>
   4. The Optimum: from Theology to Science and Fiction
   <https://mail.google.com/mail/u/0/#m_-7109988942818999105_p4> By Laurent
   Loty <http://econpapers.repec.org/scripts/search.pf?aus=Laurent%20Loty>
   5. Responsabilité, crises et globalisation : la sanction du marché
   <https://mail.google.com/mail/u/0/#m_-7109988942818999105_p5> By Laurent
   Bazin <http://econpapers.repec.org/scripts/search.pf?aus=Laurent%20Bazin>
   6. The path of economics research production: Insights into the seesaw
   between theory and empirics
   <https://mail.google.com/mail/u/0/#m_-7109988942818999105_p6> By Faria,
   João Ricardo
   <http://econpapers.repec.org/scripts/search.pf?aus=Faria,%20Jo%C3%A3o%20Ricardo>
   ; Goel, Rajeev K.
   <http://econpapers.repec.org/scripts/search.pf?aus=Goel,%20Rajeev%20K.>;
Manage,
   Neela D.
   <http://econpapers.repec.org/scripts/search.pf?aus=Manage,%20Neela%20D.>
   7. Social preferences or sacred values? Theory and evidence of
   deontological motivations
   <https://mail.google.com/mail/u/0/#m_-7109988942818999105_p7> By Daniel
   L. Chen
   <http://econpapers.repec.org/scripts/search.pf?aus=Daniel%20L.%20Chen>;
Martin
   Schonger
   <http://econpapers.repec.org/scripts/search.pf?aus=Martin%20Schonger>

------------------------------

   1. From the 1931 sterling devaluation to the breakdown of Bretton Woods:
   Robert Triffin’s analysis of international monetary crises
   <http://econpapers.repec.org/RePEc:nbb:reswpp:202301-431>
   By: Ivo Maes
   <http://econpapers.repec.org/scripts/search.pf?aus=Ivo%20Maes> (Chaire
   Robert Triffin, Université catholique de Louvain & ICHEC Brussels
   Management School); Ilaria Pasotti
   <http://econpapers.repec.org/scripts/search.pf?aus=Ilaria%20Pasotti>
(Consultant
   at Archivio Storico Intesa Sanpaolo)
   Abstract: Robert Triffin (1911-1993) was one of the main protagonists in
   the international monetary debates in the postwar period. He became famous
   with his book Gold and the Dollar Crisis, published in 1960, in which he
   predicted the end of the Bretton Woods system. In his analysis there,
   Triffin was very much marked by the breakdown of the gold exchange standard
   in the early 1930s. In his view, the growth of foreign exchange reserves
   after World War Two repeated, but on a much larger scale, their similar
   expansion after the First World War. Triffin argued that the gold exchange
   standard had been a highly fragile construction as funds could move in and
   out due to changes in relative interest rates and/or changes in exchange
   rate expectations. The focus of this paper is on Triffin’s analysis of the
   sterling devaluation of 1931 throughout his writings, from his early
   articles on the 1935 devaluation of the Belgian franc to his writings after
   the breakdown of the Bretton Woods system. The aim is twofold: to provide
   an assessment of Triffin’s view of the interwar period and assess the
   significance of his analysis of the interwar period for his view on the
   Bretton Woods system.
   Keywords: : Robert Triffin, Bretton Woods system, gold exchange
   standard, pound sterling, Triffin dilemma
   JEL: A11 B22 B31 E30 E50 F02 F32
   <http://econpapers.repec.org/scripts/search.pf?jel=A11%20B22%20B31%20E30%20E50%20F02%20F32>
   Date: 2023–01
   URL: http://d.repec.org/n?u=RePEc:nbb:reswpp:202301-431&r=hpe
   2. Thorstein Veblen, The Meaning of Work, and its Humanization
   <http://econpapers.repec.org/RePEc:amu:wpaper:2023-03>
   By: Jon D. Wisman
   <http://econpapers.repec.org/scripts/search.pf?aus=Jon%20D.%20Wisman>
   Abstract: Thorstein Veblen gave special attention to work. He claimed
   that an instinct of workmanship "...is present in all men, and asserts
   itself even under very adverse circumstances... [It] is the court of final
   appeal in any question of economic truth or adequacy." Although many
   scholars have examined Veblen's claim, this article differs by examining
   his conception of work in light of findings from anthropology, evolutionary
   psychology, and happiness research. The questions explored are: Why and how
   did Veblen understand work as instinctual and did his understanding conform
   to Charles Darwin's concept of instincts? Is it an instinct that evolved to
   be pleasurable or to gain respect and status to motivate provisioning? If
   evidence supports the claim that work did indeed evolve to be pleasurable,
   and today much of it is not, then its restructuring should be a top social
   priority. Although Veblen's understanding of work provides inadequate
   guidance as to how it should be restructured, he was pathbreaking in
   insisting that our understanding of this question, and of human behavior
   and society more generally, must be grounded in the evolutionary biology
   launched by Darwin. Accordingly, a second aim of this article is to offer
   support for Veblen's attempt to do so.
   Keywords: instinct of workmanship; Darwinism; institutions; anthropology
   of work; happiness; research
   JEL: A13 B15 Z10
   <http://econpapers.repec.org/scripts/search.pf?jel=A13%20B15%20Z10>
   Date: 2023
   URL: http://d.repec.org/n?u=RePEc:amu:wpaper:2023-03&r=hpe
   3. Climate justice for persons with disability: Few harmed much, fewer
   still harmed too much
   <http://econpapers.repec.org/RePEc:unu:wpaper:wp-2023-2>
   By: Gindo Tampubolon
   <http://econpapers.repec.org/scripts/search.pf?aus=Gindo%20Tampubolon>
   Abstract: Building on Rawls' theory of justice and Sen's theory of
   capabilities, I present an outline of social justice under climate shocks,
   illustrating it with the experiences of persons with disability. Social
   justice holds when inequality is responded to by rules that afford more
   primary goods, such as rights and incomes, to those who have less—the
   maximin principle of the Rawlsian social welfare function. Climate
   injustice consists in putting more climate bads, not primary goods, on
   those with slender shoulders—a maximin social ill-fare function.
   Keywords: Justice, Capabilities, Climate justice, People with
   disabilities, Environmental justice
   Date: 2023
   URL: http://d.repec.org/n?u=RePEc:unu:wpaper:wp-2023-2&r=hpe
   4. The Optimum: from Theology to Science and Fiction
   <http://econpapers.repec.org/RePEc:hal:wpaper:halshs-03928757>
   By: Laurent Loty
   <http://econpapers.repec.org/scripts/search.pf?aus=Laurent%20Loty> (CELLF
   - Centre d’étude de la langue et des littératures françaises - SU -
   Sorbonne Université - CNRS - Centre National de la Recherche Scientifique)
   Abstract: The idea of the optimum plays a major role in many scientific
   and political domains, while fiction tends to confront it. I examine it
   here in light of its historical origins in theological optimism (God
   created "the best of all possible worlds"), the subject of my 1995
   dissertation in the history of optimism from its emergence in the early
   eighteenth century to its seeming disappearance during the French
   Revolution. If the theme of the omnipresent optimum is difficult to
   perceive now, it is because the history of optimism, one of the most
   consequential ideologies ever to have existed, is also the history of its
   occultation. This ideology, all the more powerful in being embedded in a
   blind spot, is disseminated through apparently secular discourses and
   fields of knowledge. Optimism is a fatalism. It also takes the form of an
   economic fatalism : society or nature function providentially or naturally
   at their optimum, or reach their optimum in historical time. Yet the idea
   of the optimum can also inspire powerful heuristic hypotheses in sciences
   emancipated from theology, or progressive political actions seeking an
   optimum. As for fictions they either corroborate optimism (or pessimism,
   the inverted double of optimisme), or they invent instead, as in Diderot's
   Jacques le Fataliste, forms of writing and thought that escape this
   ideology. Investigation into the optimum will permit discovery of a vast
   continent of our culture along with its major investments. It could
   constitute a multi-disciplinary research program covering the modern period
   from the eighteenth century to today.
   Abstract: L'idée d'optimum joue un rôle majeur dans de nombreux domaines
   scientifiques et politiques, tandis que les fictions s'en saisissent pour
   s'y confronter. Je l'examine ici à partir de l'optimisme théologique qui
   est à son origine (Dieu a créé le monde à l'optimum), grâce à l'enquête que
   j'ai menée, dans une thèse de 1995, depuis l'émergence de cette doctrine au
   début du XVIIIe siècle, jusqu'à son apparente disparition pendant la
   Révolution française. Si le thème de l'optimum, omniprésent depuis, est si
   difficile à déceler aujourd'hui, c'est que l'histoire de l'optimisme, une
   des plus importantes idéologies qui ait existé, est aussi l'histoire de son
   occultation. Cette idéologie, d'autant plus puissante qu'elle est une
   idéologie en angle mort, s'est transférée dans des discours et savoirs
   apparemment sécularisés. L'optimisme est un fatalisme, une incitation à se
   soumettre au meilleur des mondes. Il prend aussi la forme d'un fatalisme
   économique : la nature ou la société fonctionnent providentiellement ou
   naturellement à l'optimum, ou s'optimisent historiquement. Or, l'idée
   d'optimum peut aussi inspirer de puissantes hypothèses heuristiques à des
   sciences émancipées de la théologie, ou à des actions politiques en vue
   d'une optimisation. Quant aux fictions, elles confirment l'optimisme (ou
   son double, le pessimisme), ou inventent au contraire, comme Jacques le
   Fataliste de Diderot, des formes d'écriture et de pensée qui échappent à
   cette idéologie. Enquêter sur l'optimum permet ainsi de découvrir un
   continent immense de notre culture ainsi que des enjeux majeurs, et
   pourrait constituer un vaste programme de recherche pluridisciplinaire du
   XVIIIe siècle à aujourd'hui.
   Date: 2023–01–07
   URL: http://d.repec.org/n?u=RePEc:hal:wpaper:halshs-03928757&r=hpe
   5. Responsabilité, crises et globalisation : la sanction du marché
   <http://econpapers.repec.org/RePEc:hal:journl:hal-03511969>
   By: Laurent Bazin
   <http://econpapers.repec.org/scripts/search.pf?aus=Laurent%20Bazin> (CLERSÉ
   - Centre Lillois d’Études et de Recherches Sociologiques et Économiques -
   UMR 8019 - Université de Lille - CNRS - Centre National de la Recherche
   Scientifique, CESSMA UMRD 245 - Centre d'études en sciences sociales sur
   les mondes africains, américains et asiatiques - IRD - Institut de
   Recherche pour le Développement - Inalco - Institut National des Langues et
   Civilisations Orientales - UPCité - Université Paris Cité)
   Abstract: Responsibility (or accountability) is a key notion of the
   contemporary discourse on development. It is a basis of the neoliberal
   ideology that dominates the world economics since the structural adjustment
   plans in the 1980s, in particular in the conception of both the global norm
   of ‘governance' and the United Nations Millennium Development Goals. This
   article undertakes to demonstrate that the notions of responsibility and
   acountability are the other side of a mode of domination based on market as
   a technique of power : a system in which the financial markets exercise the
   power of sanction. Finally, responsibility appears as the operator of a
   triple transfer of riches, risks and morality.
   Abstract: La notion de responsabilité est un terme clé du lexique
   contemporain sur le développement. Elle est inscrite au cœur des diverses
   notions qui le composent, en particulier dans l'élaboration de la norme de
   gouvernance et des politiques mondiales de lutte contre la pauvreté qui
   ont marqué la première décennie du XXIe siècle. Cet article s'efforce
   de montrer que si la responsabilisation semble le mot d'ordre du discours
   néolibéral actuel, c'est que la responsabilité est l'envers de la
   domination par les marchés financiers, qui exercent le pouvoir de
   sanction. La responsabilité est l'opérateur d'un triple transfert de
   richesses, de risques et de moralité.
   Keywords: Responsibility, accountability, governance, empowerment,
   poverty, financialisation, globalisation, World Bank, responsabilité,
   imputabilité, gouvernance, pauvreté, financiarisation, Banque mondiale
   Date: 2022
   URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03511969&r=hpe
   6. The path of economics research production: Insights into the seesaw
   between theory and empirics
   <http://econpapers.repec.org/RePEc:zbw:ifwkwp:2238>
   By: Faria, João Ricardo
   <http://econpapers.repec.org/scripts/search.pf?aus=Faria,%20Jo%C3%A3o%20Ricardo>
   ; Goel, Rajeev K.
   <http://econpapers.repec.org/scripts/search.pf?aus=Goel,%20Rajeev%20K.>;
Manage,
   Neela D.
   <http://econpapers.repec.org/scripts/search.pf?aus=Manage,%20Neela%20D.>
   Abstract: This paper provides insights into the apparent seesaw between
   the generation of theoretical versus empirical economics research over
   time. A dynamic model considers the incentives of researchers to focus on
   empirical versus theoretical papers. It yields the main characteristics of
   the path-changing of economics research, from theoretical-intensive to
   empirical-focused. The model has two equilibria, one with a higher
   proportion of theoretical papers and another with a higher proportion of
   empirical papers. Curiously, the equilibrium with greater theoretical
   papers is stable, while the one with more empirical papers is a saddle
   point. This suggests that the current trend of increasing empirical
   research is unlikely to last.
   Keywords: economic research, theory, empirics, publications, journals
   JEL: A11 A19
   <http://econpapers.repec.org/scripts/search.pf?jel=A11%20A19>
   Date: 2023
   URL: http://d.repec.org/n?u=RePEc:zbw:ifwkwp:2238&r=hpe
   7. Social preferences or sacred values? Theory and evidence of
   deontological motivations
   <http://econpapers.repec.org/RePEc:hal:journl:hal-03894046>
   By: Daniel L. Chen
   <http://econpapers.repec.org/scripts/search.pf?aus=Daniel%20L.%20Chen>
(TSE-R
   - Toulouse School of Economics - UT1 - Université Toulouse 1 Capitole -
   Université Fédérale Toulouse Midi-Pyrénées - EHESS - École des hautes
   études en sciences sociales - CNRS - Centre National de la Recherche
   Scientifique - INRAE - Institut National de Recherche pour l’Agriculture,
   l’Alimentation et l’Environnement, CNRS - Centre National de la Recherche
   Scientifique); Martin Schonger
   <http://econpapers.repec.org/scripts/search.pf?aus=Martin%20Schonger> (ETH
   Zürich - Eidgenössische Technische Hochschule - Swiss Federal Institute of
   Technology [Zürich])
   Abstract: Recent advances in economic theory, largely motivated by
   experimental findings, have led to the adoption of models of human behavior
   where decision-makers take into consideration not only their own payoff but
   also others' payoffs and any potential consequences of these payoffs.
   Investigations of deontological motivations, where decision-makers make
   their choice based on not only the consequences of a decision but also the
   decision per se, have been rare. We provide a formal interpretation of
   major moral philosophies and a revealed preference method to distinguish
   the presence of deontological motivations from a purely consequentialist
   decision-maker whose preferences satisfy first-order stochastic dominance.
   Date: 2022–05
   URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03894046&r=hpe

------------------------------
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