[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 2022‒10‒24
papers chosen by
Erik Thomson <http://econpapers.repec.org/RAS/pth72.htm>
University of Manitoba <http://umanitoba.ca/>
------------------------------
1. Economic research at central banks: Are central banks interested in
the history of economic thought?
<https://mail.google.com/mail/u/0/#m_-4850193546538379845_p1> By Ivo Maes
<http://econpapers.repec.org/scripts/search.pf?aus=Ivo%20Maes>
2. Do Negative Replications Affect Citations?
<https://mail.google.com/mail/u/0/#m_-4850193546538379845_p2> By Tom
Coupé
<http://econpapers.repec.org/scripts/search.pf?aus=Tom%20Coup%C3%A9>; W.
Robert Reed
<http://econpapers.repec.org/scripts/search.pf?aus=W.%20Robert%20Reed>
3. Methodological Individualism and Holism in Economics and Economics
Education: Friends or Foes?
<https://mail.google.com/mail/u/0/#m_-4850193546538379845_p3> By Giancarlo
Ianulardo
<http://econpapers.repec.org/scripts/search.pf?aus=Giancarlo%20Ianulardo>
; Aldo Stella
<http://econpapers.repec.org/scripts/search.pf?aus=Aldo%20Stella>
4. Pari Passu Lost and Found: The Origins of Sovereign Bankruptcy
1798-1873 <https://mail.google.com/mail/u/0/#m_-4850193546538379845_p4>
By Marc Flandreau
<http://econpapers.repec.org/scripts/search.pf?aus=Marc%20Flandreau>
5. Theorizing the economy of traces: from audit society to surveillance
capitalism <https://mail.google.com/mail/u/0/#m_-4850193546538379845_p5>
By Power, Michael
<http://econpapers.repec.org/scripts/search.pf?aus=Power,%20Michael>
------------------------------
1. Economic research at central banks: Are central banks interested in
the history of economic thought?
<http://econpapers.repec.org/RePEc:nbb:reswpp:202209-413>
By: Ivo Maes
<http://econpapers.repec.org/scripts/search.pf?aus=Ivo%20Maes> (: Robert
Triffin Chair, University of Louvain and ICHEC Brussels Management School)
Abstract: With central banks becoming monetary authorities, research
departments have become a core element of a modern central bank. Crucial
elements of a central bank research department are contributing to monetary
policymaking and sustaining a dialogue with the academic community. The
importance of historical research (and central banks do not really make a
difference between economic history and the history of economic thought)
varies a lot. The historical curiosity of influential central bankers and
the commemoration of anniversaries are important factors hereby. Historical
research can allow central banks to take more distance and can help to
avoid a “this time is different” view.
Keywords: : central banking, economic research, economic history,
history of thought.
JEL: E42 E58 G28 N10
<http://econpapers.repec.org/scripts/search.pf?jel=E42%20E58%20G28%20N10>
Date: 2022–09
URL: http://d.repec.org/n?u=RePEc:nbb:reswpp:202209-413&r=
2. Do Negative Replications Affect Citations?
<http://econpapers.repec.org/RePEc:cbt:econwp:22/16>
By: Tom Coupé
<http://econpapers.repec.org/scripts/search.pf?aus=Tom%20Coup%C3%A9>
(University
of Canterbury); W. Robert Reed
<http://econpapers.repec.org/scripts/search.pf?aus=W.%20Robert%20Reed>
(University
of Canterbury)
Abstract: This study examines the effect of negative replications on the
citation rates of replicated studies. We study a set of 204 replicated
studies in economics and compare their citation performance with an initial
sample of 112,000 potential controls taken from Scopus. From this initial
pool, we match each replicated study with multiple controls based on having
comparable citation histories. Our main finding is that there is no
evidence that studies that receive negative replications suffer a penalty
in the form of fewer citations. We also find that replicated studies
receive somewhat more citations than their matched control studies, though
here the causal interpretation is more suspect.
Keywords: Replications, Citations, Matching, Meta-science,
Self-correcting science
JEL: A11 A14 B41 C18
<http://econpapers.repec.org/scripts/search.pf?jel=A11%20A14%20B41%20C18>
Date: 2022–09–01
URL: http://d.repec.org/n?u=RePEc:cbt:econwp:22/16&r=
3. Methodological Individualism and Holism in Economics and Economics
Education: Friends or Foes?
<http://econpapers.repec.org/RePEc:hal:wpaper:hal-03771892>
By: Giancarlo Ianulardo
<http://econpapers.repec.org/scripts/search.pf?aus=Giancarlo%20Ianulardo>
(University
of Exeter Business School - University of Exeter); Aldo Stella
<http://econpapers.repec.org/scripts/search.pf?aus=Aldo%20Stella> (UNIPG
- Università degli Studi di Perugia)
Abstract: In social sciences and, in particular, in economics the debate
on the most adequate model of explanation of social phenomena has been
centred around two models: Methodological Individualism and Holism. While
Methodological Individualism claims to be the most rigorous attempt to
explain social phenomena by reducing them to their ultimate components,
Holism stresses the primacy of the social relation, outside of which
individuals cannot be understood as analytical units. In the analysis, we
will refer to the way the debate has influenced economics education too
through the debate on microfoundations and the role of individual
preferences. In synthesis, we aim to show that the two explanatory models,
rather than being opposed need to be integrated, because they need each
other. But for this to be done, we need to reflect on the role that the
concept of "relation" plays in our understanding of the social structure
and of the dynamics that characterise it. Indeed, the holistic-systemic
model, though privileging the relation, must acknowledge that the relation
needs some ultimate elements (the individuals), which in turn are
prioritised by methodological individualism. But these entities, the
individuals, in order to be what they are, i.e., each a determinate
identity, need each to be referred to other individuals, which are
essential to determine the single determinate identity. This means that
each individual needs the relation. To prevent a circular explanation, we
claim that a correct methodology should understand both the individual and
society in the light of the unity of sense that emerges at the end of the
process, rather than focusing on its starting point.
Keywords: Methodological Individualism,holism,systemism,relation,unity
Date: 2022–09–07
URL: http://d.repec.org/n?u=RePEc:hal:wpaper:hal-03771892&r=
4. Pari Passu Lost and Found: The Origins of Sovereign Bankruptcy
1798-1873 <http://econpapers.repec.org/RePEc:thk:wpaper:inetwp186>
By: Marc Flandreau
<http://econpapers.repec.org/scripts/search.pf?aus=Marc%20Flandreau>
(University
of Pennsylvania)
Abstract: Verdicts returned by modern courts of justice in the context
of sovereign debt lawsuits have upheld a ratable (proportional)
interpretation of so-called "pari passu" clauses in debt contracts which,
literally, promise creditors they will be dealt with equitably. Such
verdicts have given individual creditors the right to interfere with
payments to others, in situation where the sovereign had failed to make
proportional payments. Contract originalists argue that this interpretation
of pari passu clauses has no historical foundation. Historically, they
claim, pari passu clauses never granted individual creditors a unilateral
right to block payments to other bondholders assenting to a government debt
restructuring proposal. This article shows this claim is incorrect. Drawing
on novel archival research, it argues that pari passu clauses find one
potent historical origin in the operation of a now forgotten sovereign
bankruptcy tribunal, the London stock exchange. Under the law of the stock
exchange, departure from ratable payments did create a unilateral right for
individual creditors to interfere with sovereign debt discharges. In fact,
ratable distributions provided the touchstone for the stock exchange
sanctioned sovereign debt discharge system. What is more, sophisticated
contract drafters availed themselves of the logic. The result was a
weaponization of pari passu clauses, and their inscription into sovereign
debt covenants in the 19th century. The article concludes that the modern
debate on the role of clauses in sovereign debt contracts cannot be held
without thorough reconsideration of the history of sovereign bankruptcy.
Keywords: Sovereign debt, pari passu clauses, London stock exchange
laws, history of sovereign bankruptcy.
JEL: N20 N23 N24 N43 N44
<http://econpapers.repec.org/scripts/search.pf?jel=N20%20N23%20N24%20N43%20N44>
Date: 2022–06–03
URL: http://d.repec.org/n?u=RePEc:thk:wpaper:inetwp186&r=
5. Theorizing the economy of traces: from audit society to surveillance
capitalism <http://econpapers.repec.org/RePEc:ehl:lserod:112167>
By: Power, Michael
<http://econpapers.repec.org/scripts/search.pf?aus=Power,%20Michael>
Abstract: This essay is a conversation between Shoshana Zuboff’s theory
of surveillance capitalism, Mikkel Flyverbom’s conceptualization of the
hyper-visibility afforded by digital architectures, and my own ‘analog’
theory of accounting dynamics in the ‘audit society’. Drawing upon trends
in accounting practice and research I develop a number of inflection points
which define theoretical tensions between the concepts of audit society and
surveillance capitalism. These tensions suggest that theoretical innovation
is required in the face of: the accelerating constitution of organizations
by platforms and their processes – ‘platformization’; the constitution of
human agents as data-driven subjects of these data architectures –
‘cyborgization’; and the reconstruction of the social sciences by a
pervasive data positivism in which accounting becomes ‘accountics’. The
exploration of these three inflection points reveals the deep operational
logic of surveillance capitalism as an ‘economy of traces’ and
traceability. Zuboff’s challenge of a political dystopia governed by
technology giants and Flyverbom’s image of a society ‘overlit’ by digital
architectures necessitate a re-specification of the audit society dynamics
that I have previously theorized. The re-specification that I propose in
this essay is a form of a critical ‘traceology’ which takes as its focus
the ongoing production of all manner of traces and how they make up
organizations, people and forms of knowledge.
Keywords: accountics; accounting; algorithm; audit society; cyborg; data
architecures; digitalization; platforms; surveillance capitalism; security;
traces; traceology; Sage deal
JEL: M40 <http://econpapers.repec.org/scripts/search.pf?jel=M40>
Date: 2022–07
URL: http://d.repec.org/n?u=RePEc:ehl:lserod:112167&r=
------------------------------
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