[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 2022‒08‒29 nine papers chosen by Erik Thomson <http://econpapers.repec.org/RAS/pth72.htm> University of Manitoba <http://umanitoba.ca/> ------------------------------ 1. Economic Theory and Policy Today: Lessons from Barbara Wootton and the Creation of the British Welfare State <https://mail.google.com/mail/u/0/#m_5320980110841840446_p1> By Alves, C. <http://econpapers.repec.org/scripts/search.pf?aus=Alves,%20C.>; Guizzo, D. <http://econpapers.repec.org/scripts/search.pf?aus=Guizzo,%20D.> 2. The "difference principle": Economic rationality and political applicability <https://mail.google.com/mail/u/0/#m_5320980110841840446_p2> By Claude Gamel <http://econpapers.repec.org/scripts/search.pf?aus=Claude%20Gamel> 3. When mainstream economics does human resource management: a critique of personnel economics’ prescriptive ambition <https://mail.google.com/mail/u/0/#m_5320980110841840446_p3> By Franck Bailly <http://econpapers.repec.org/scripts/search.pf?aus=Franck%20Bailly> 4. A contractarian view on homann's ethical approach: The vision of "new ordoliberalism" <https://mail.google.com/mail/u/0/#m_5320980110841840446_p4> By Davies, Clem <http://econpapers.repec.org/scripts/search.pf?aus=Davies,%20Clem>; Franke, Marcel <http://econpapers.repec.org/scripts/search.pf?aus=Franke,%20Marcel>; Kuang, Lida <http://econpapers.repec.org/scripts/search.pf?aus=Kuang,%20Lida>; Neumärker, Karl Justus Bernhard <http://econpapers.repec.org/scripts/search.pf?aus=Neum%C3%A4rker,%20Karl%20Justus%20Bernhard> 5. Nobel students beget Nobel professors <https://mail.google.com/mail/u/0/#m_5320980110841840446_p5> By Richard S. J. Tol <http://econpapers.repec.org/scripts/search.pf?aus=Richard%20S.%20J.%20Tol> 6. By way of introduction Unbridled globalization, an aggravating factor in economic and social crises <https://mail.google.com/mail/u/0/#m_5320980110841840446_p6> By Jacques Fontanel <http://econpapers.repec.org/scripts/search.pf?aus=Jacques%20Fontanel> 7. An Econometrician amongst Statisticians: T. W. Anderson <https://mail.google.com/mail/u/0/#m_5320980110841840446_p7> By Peter C. B. Phillips <http://econpapers.repec.org/scripts/search.pf?aus=Peter%20C.%20B.%20Phillips> ------------------------------ 1. Economic Theory and Policy Today: Lessons from Barbara Wootton and the Creation of the British Welfare State <http://econpapers.repec.org/RePEc:cam:camdae:2246> By: Alves, C. <http://econpapers.repec.org/scripts/search.pf?aus=Alves,%20C.>; Guizzo, D. <http://econpapers.repec.org/scripts/search.pf?aus=Guizzo,%20D.> Abstract: This article investigates Barbara Wootton’s contribution to the creation of the welfare state in Britain through her interpretation and adaptation of economic theory to support social policy. It revisits Wootton’s Lament for Economics (1938) and explores unpublished archives showing her considerable engagement in public discussions on government spending, employment, poverty alleviation and her interaction with William Beveridge’s epoch defining welfare plan for Britain. We claim that her critique of economic theory for being an abstract science confined to equilibrium states, combined with her acute observation of social reality, allowed Wootton to cut free from established modes of economic thought. This laid the foundation for pioneering insights justifying an interventionist welfare state based on real-world issues and concepts of social justice, rather than self-interest and market failure principles. Keywords: Economic Methodology, Market Failure, Neoclassical Economics, Social Policy, Welfare State JEL: B22 B31 B41 <http://econpapers.repec.org/scripts/search.pf?jel=B22%20B31%20B41> Date: 2022–08–12 URL: http://d.repec.org/n?u=RePEc:cam:camdae:2246&r= 2. The "difference principle": Economic rationality and political applicability <http://econpapers.repec.org/RePEc:hal:journl:halshs-02962781> By: Claude Gamel <http://econpapers.repec.org/scripts/search.pf?aus=Claude%20Gamel> (LEST - Laboratoire d'économie et de sociologie du travail - AMU - Aix Marseille Université - CNRS - Centre National de la Recherche Scientifique) Abstract: On deliberation in the public debate, Rawls' approach known as "justice as fairness" has been much more commented that the "difference principle" emerged from there as a major result: even though based on an equal initial position, "justice as fairness" paradoxically justifies an essential benchmark in the debate on inequalities. Indeed, the difference principle compresses many issues: distinguishing between naturel and social matters which both contribute to inequalities, defining a level of permitted inequalities we should have to tolerate not as just but effective ones, preserving market incentives in so far they contribute to value creation, which has later to be redistributed. The paper explores all these questions, that concern the philosophical-economic rationality of the principle and its political-societal applicability as well. In conclusion, its contribution to the debate on inequalities, which is beyond all doubt, seems rather economic than philosophical and is based on a liberal presupposition, which is rarely identified and recognised. Abstract: Sur la délibération dans le débat public, la démarche de Rawls, dite de la « justice comme équité », a été beaucoup plus amplement commentée que le « principe de différence » qui en est pourtant un résultat majeur : bien que fondée sur une position initiale d'égalité, la «justice comme équité» justifie non sans paradoxe un repère essentiel dans le débat sur les inégalités. Le principe de différence condense en effet nombre de questionnements : distinction entre le naturel et le social dans l'origine des inégalités, définition d'un niveau d'inégalités acceptables qu'il serait non pas juste mais efficace de tolérer, préservation du rôle des incitations économiques à l'origine de la création de valeur, qu'il convient ensuite de redistribuer. Autant de questions, explorées dans le présent texte, qui concernent tant la rationalité philosophico-économique du principe que son applicabilité politique et sociétale. En conclusion, son apport indubitable dans le débat sur les inégalités semble moins philosophique qu'économique et repose sur un présupposé libéral rarement repéré et admis. Keywords: public debate,inequalities,difference principle,philosophy and economics,societal and political complexity,débat public,inégalités,principe de différence,philosophie et économie,complexité politique et sociétale Date: 2022 URL: http://d.repec.org/n?u=RePEc:hal:journl:halshs-02962781&r= 3. When mainstream economics does human resource management: a critique of personnel economics’ prescriptive ambition <http://econpapers.repec.org/RePEc:hal:journl:hal-03711945> By: Franck Bailly <http://econpapers.repec.org/scripts/search.pf?aus=Franck%20Bailly> (LASTA - Laboratoire d'Analyse des Sociétés, Transformations et Adaptations - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université) Abstract: Under the impetus of Edward Lazear, personnel economics has established itself as a particularly dynamic area of mainstream labour economics. It aspires to provide the best solutions to the practical problems that human resource managers encounter. The following paper aims to do the following: summarize the criticisms of personnel economics made from the perspective of heterodox economics, add a new criticism, and show how these criticisms, taken together, lead us to conclude that modes of labour management are legitimate subjects of debate, contrary to Lazear's beliefs. Keywords: Labour economics,personnel economics,heterodox economics,imperialism,discussion of HRM decisions Date: 2022–06–29 URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03711945&r= 4. A contractarian view on homann's ethical approach: The vision of "new ordoliberalism" <http://econpapers.repec.org/RePEc:zbw:cenwps:012022> By: Davies, Clem <http://econpapers.repec.org/scripts/search.pf?aus=Davies,%20Clem>; Franke, Marcel <http://econpapers.repec.org/scripts/search.pf?aus=Franke,%20Marcel>; Kuang, Lida <http://econpapers.repec.org/scripts/search.pf?aus=Kuang,%20Lida>; Neumärker, Karl Justus Bernhard <http://econpapers.repec.org/scripts/search.pf?aus=Neum%C3%A4rker,%20Karl%20Justus%20Bernhard> Abstract: Homann's method is a sophisticated theoretical model. As a result, it contains a normative foundation upon which Homann bases his endeavor, as well as numerous conclusions following his positive analysis. We propose extensions to both the normative and positive aspects of Homann's theory in this article. On a normative basis, we recommend taking into account our approach of New Ordoliberalism. In addition to the prisoner's dilemma, we consider the moral dilemma of the hawk-dove game on a positive footing. Additionally, we also present an experimental design. Keywords: constitutional economics,game theory,New Ordoliberalism,social contract experiment,strategy-proofness,renegotiation-proofness,Ordnungsökonomie,Spieltheorie,Neuer Ordoliberalismus,Sozialvertragsexperiment,Manipulationssicherheit,Nachverhandlungsstabilität Date: 2022 URL: http://d.repec.org/n?u=RePEc:zbw:cenwps:012022&r= 5. Nobel students beget Nobel professors <http://econpapers.repec.org/RePEc:arx:papers:2207.04441> By: Richard S. J. Tol <http://econpapers.repec.org/scripts/search.pf?aus=Richard%20S.%20J.%20Tol> Abstract: It is unclear whether the hierarchy in the economics profession is the result of the agglomeration of excellence or of nepotism. I construct the professor-student network for laureates of and candidates for the Nobel Prize in Economics. I study the effect of proximity to previous Nobelists on winning the Nobel Prize. Conditional on being Nobel-worthy, students and grandstudents of Nobel laureates are not significantly more or less likely to win. Professors of Nobel Prize winners, however, are significantly more likely to win. Date: 2022–07 URL: http://d.repec.org/n?u=RePEc:arx:papers:2207.04441&r= 6. By way of introduction Unbridled globalization, an aggravating factor in economic and social crises <http://econpapers.repec.org/RePEc:hal:journl:hal-03702546> 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: There are mainly four eternal problems of mankind (pandemics, war, religious intolerance, hunger), which man once thought he could control, that are now coming back to the fore. The appearance of new pandemics was not excluded, but confidence in modern logistical, scientific and medical progress was sufficiently high to create an irresponsible sense of security. With nuclear weapons and the opening of most countries to free trade, conflict between the great powers seemed highly unlikely, given the destructive consequences of nuclear weapons and the common interest in economic interdependencies. But economics is not the only subject of wars. Religious beliefs and differing notions of the concept of democracy do not lead to a peaceful world, not least because of the proselytizing and will to power expressed by some states. Philosophical and religious issues seem to lead to more secularism and less tolerance. Finally, the famous trickledown theory does not work and hunger is still present in many regions of the Earth and this phenomenon is increased in times of war and conflicts within or outside these territories. Abstract: Il y a principalement quatre problèmes éternels de l'humanité (les pandémies, la guerre, l'intolérance religieuse, la faim), que l'homme a cru un temps capable de contrôler, qui reviennent aujourd'hui sur le devant de la scène. L'apparition de nouvelles pandémies n'était pas exclue, mais la confiance dans les progrès logistiques, scientifiques et médicaux modernes était suffisamment élevée pour créer un sentiment de sécurité irresponsable. Avec les armes nucléaires et l'ouverture de la plupart des pays au libre-échange, les conflits entre les grandes puissances semblaient hautement improbables, compte tenu des conséquences destructrices des armes nucléaires et de l'intérêt commun aux interdépendances économiques. Mais l'économie n'est pas le seul sujet des guerres. Les croyances religieuses et les notions divergentes du concept de démocratie ne conduisent pas à un monde pacifique, notamment en raison du prosélytisme et de la volonté de puissance exprimés par certains États. Les questions philosophiques et religieuses semblent conduire à plus de laïcité et moins de tolérance. Enfin, la fameuse théorie du ruissellement ne fonctionne pas et la faim s'invite encore de nos jours dans de nombreuses régions de la Terre et ce phénomène est accru en temps de guerre et de conflits à l'intérieur ou à l'extérieur de ces territoires. Keywords: Pandemic,war,peace,misery,intolerance,political economy,economic war,Pandémie,guerre,paix,misère,intolérance,économie politique,guerre économique Date: 2022 URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03702546&r= 7. An Econometrician amongst Statisticians: T. W. Anderson <http://econpapers.repec.org/RePEc:cwl:cwldpp:2333> By: Peter C. B. Phillips <http://econpapers.repec.org/scripts/search.pf?aus=Peter%20C.%20B.%20Phillips> (Cowles Foundation, Yale University, University of Auckland, Singapore Management University, University of Southampton) Abstract: T. W. Anderson did pathbreaking work in econometrics during his remarkable career as an eminent statistician. His primary contributions to econometrics are reviewed here, including his early research on estimation and inference in simultaneous equations models and reduced rank regression. Some of his later works that connect in important ways to econometrics are also briefly covered, including limit theory in explosive autoregression, asymptotic expansions, and exact distribution theory for econometric estimators. The research is considered in the light of its influence on subsequent and ongoing developments in econometrics, notably confidence interval construction under weak instruments and inference in mildly explosive regressions. Keywords: Asymptotic expansions, Confidence interval construction, Explosive autoregression, LIML, Reduced rank regression, Simultaneous equation models, Weak identification regression, MA unit root, Trend regression, Wald statistic JEL: C23 <http://econpapers.repec.org/scripts/search.pf?jel=C23> Date: 2022–06 URL: http://d.repec.org/n?u=RePEc:cwl:cwldpp:2333&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. 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