[Selections by Humberto Barreto for SHOE list.]
| on History and Philosophy of Economics |
| By: | Muriel Gilardone (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR1 - Université de Rennes 1 - UNIV-RENNES - Université de Rennes - CNRS - Centre National de la Recherche Scientifique) |
| Abstract: | This chapter shows that Sen's (2009) non-welfarist approach to justice is greatly influenced by 1) his work on famines; 2) his empirical work on gender inequalities, specifically within the Indian society, that helped him to refine his approach to hunger; and 3) his involvement in the creation of the human development approach. All these engagements — seemingly completely separate from his theoretical work in welfare economics — have, in fact, fostered the formulation of a novel approach in which agency and public reasoning are the core elements. |
| Keywords: | Amartya Sen,agency,public action,famines,gender inequalities,human development,perception bias,democracy,public reasoning,non-welfarism |
| Date: | 2021–03–04 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:halshs-03690014&r= |
| By: | Vernon L. Smith (Economic Science Institute, Chapman University) |
| Abstract: | Thousand-word brief on key quotes from Adam Smith’s two books (TMS, WN) modelling Society and Economy |
| Keywords: | Experiment, theory, history of economic thought |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:chu:wpaper:22-09&r= |
| By: | Hayato Takeguchi (Graduate School of Economics, Kobe University); Jun Suzuki (Graduate School of Economics, Kobe University) |
| Date: | 2022–06 |
| URL: | http://d.repec.org/n?u=RePEc:koe:wpaper:2211&r= |
| By: | Alain Marciano (MRE - Montpellier Recherche en Economie - UM - Université de Montpellier, UM - Université de Montpellier) |
| Abstract: | In this paper, we study the impact of altruism on an interaction between a samaritan and a recipient/parasite in the frame of Buchanan's samaritan's dilemma (1975). We show that, as soon as altruism reaches a certain threshold, the equilibrium of the game corresponds to the situation Buchanan called a samaritan's dilemma. We also show that the Nash equilibrium reached for these levels of altruism is a Pareto-efficient outcome. Thus, the situation Buchanan characterized as a samaritan's dilemma is not a dilemma at all. Both players are satisfied with the situation as it is and need each other, up to the point of giving birth to a sado-masochistic equilibrium. We also show that this result holds if and only if the constitutional rules are given-either the ethical rules followed by the individuals, or the form of the game. This equilibrium could be avoided if the players adopted a constitutional perspective on the situation. |
| Keywords: | Masochism,Altruism,Samaritan's dilemma,Buchanan,Exploitation,Sadism |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-03683854&r= |
| By: | David J. Deming |
| Abstract: | This paper synthesizes what economists have learned about human capital since Becker (1962) into four stylized facts. First, human capital explains at least one-third of the variation in labor earnings within countries and at least half of the variation across countries. Second, human capital investments have high economic returns throughout childhood and young adulthood. Third, we know how to build foundational skills such as literacy and numeracy, and resources are often the main constraint. Fourth, higher-order skills such as problem-solving and teamwork are increasingly valuable, and the technology for producing these skills is not well-understood. We know that investment in education works and that skills matter for earnings, but we do not always know why. |
| JEL: | I25 I26 J24 |
| Date: | 2022–06 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:30149&r= |
| By: | Laurent Gauthier (LED - Laboratoire d'Economie Dionysien - UP8 - Université Paris 8 Vincennes-Saint-Denis) |
| Abstract: | This paper makes the argument for renewed cliometrics that could serve history. History and economics have grown relying on each other over the past century, but a disconnect has appeared, whereby the range between history and economics has been occupied by the latter. As a consequence, historians have tended to shun these fields of inquiry. We begin our analysis with a discussion of the complex set of separate domains that lie between history and economics, and determine certain salient features that define them, in particular the search for nomothetic explanations. We examine the reception of economic method by historians and point out that it has suffered both from this nomothetic angle and from the implicit presumption that economics are only applicable to the economy. Stressing the distinction between understanding and explaining in the philosophy of history, we show that, for historians, explaining should remain in the realm of history. We then propose that economics be considered a methodological auxiliary for understanding, as new cliometrics, not attempting to offer explanations. We discuss some examples of using microeconomics as a critical methodology in the study of ancient Greece. |
| Keywords: | cliometrics,historiography,cliodynamics,clionomics |
| Date: | 2022–06–01 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-03289608&r= |
| By: | Claude Diebolt (BETA/CNRS (UMR 7522), University of Strasbourg, 61 avenue de la Forêt Noire, France); Michael Haupert (University of Wisconsin-La Crosse) |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:afc:wpaper:06-22&r= |
| the School of Economics and Finance of Massey University in New Zealand. |