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Economic Thought (economic + thought)
Selected AbstractsTAKING OUT THE PINS: ECONOMICS AS ALIVE AND LIVING IN THE HISTORY OF ECONOMIC THOUGHTECONOMIC PAPERS: A JOURNAL OF APPLIED ECONOMICS AND POLICY, Issue 2 2005William Coleman The paper seeks to vindicate the value of the study of the history of economic thought (HET). It argues against the complaint that the study is antiquarian. It contends that, although HET does not confer operational and objective skills, it does provide insight into economic ideas, and sharpens our acumen in responding to them. [source] Recent Work in Seventeenth-Century Economic ThoughtHISTORY COMPASS (ELECTRONIC), Issue 1 2006Brian Weiser During the Stuart era, theorists, merchants, government officials, and everyday Englishmen and women tried to understand the rapid shifts in their economy. Such inquiry changed perceptions of how the economy worked. This article explores recent scholarship on economic thought in the Stuart era. It begins with Joyce Appleby's seminal book which sees economic events as the prime mover behind shifts in economic theory, and then considers Andrea Finkelstein's recent assertions that scientific and medical discoveries strongly influenced economic thinkers like William Petty and Thomas Mun. The article then examines a series of works that analyze the impact of politics on economic thought, how economic thought inspired literature, the interplay of economic thought and religion, and how those who were not economic literati viewed the economy. [source] Paradigms and Novelty in Economics: The History of Economic Thought as a Source of EnlightenmentAMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 5 2009Wilfred Dolfsma Over time, economics has experienced paradigm shifts, and there is every reason to think this will continue. In economics, as in the development of technological knowledge, paradigms do not emerge from nowhere, but build on precursors, possibly from other fields. Our understanding of current economic thinking can be enhanced by paying greater attention to the role of paradigms and by using concepts such as myth, plot structure, and cultural endowment, which are typically given greater attention by literary analysts than by economists, to study paradigms. Here we argue that together these can help us better understand how ideas from other times and fields may be combined with our own to generate better research and publications, and that a greater awareness of the history of economics may well be an excellent vehicle for enhancing that understanding. [source] City and Country: Lessons from European Economic ThoughtAMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 1 2001Jürgen G. Backhaus The article concerns some European thought on the issue of city and country. We discuss the contributions of Henri von Storch, Gustav von Schmoller, Werner Sombart, Wilhelm Röpke, and Friedrich Hayek and attempt to translate these theories into practice in documenting the case of the city of Marl. [source] LANGUAGE AND TOTALITARIAN REGIMESECONOMIC AFFAIRS, Issue 2 2002Magda Stroi The communist misappropriation of words for political purposes still makes people in Eastern Europe struggle to find unambiguous language of political and economic thought. This paper discusses the problem of language that distorts reality and focuses on traps that hinder communication between people from the West and people from the post-communist Eastern Europe. [source] TAKING OUT THE PINS: ECONOMICS AS ALIVE AND LIVING IN THE HISTORY OF ECONOMIC THOUGHTECONOMIC PAPERS: A JOURNAL OF APPLIED ECONOMICS AND POLICY, Issue 2 2005William Coleman The paper seeks to vindicate the value of the study of the history of economic thought (HET). It argues against the complaint that the study is antiquarian. It contends that, although HET does not confer operational and objective skills, it does provide insight into economic ideas, and sharpens our acumen in responding to them. [source] Recent Work in Seventeenth-Century Economic ThoughtHISTORY COMPASS (ELECTRONIC), Issue 1 2006Brian Weiser During the Stuart era, theorists, merchants, government officials, and everyday Englishmen and women tried to understand the rapid shifts in their economy. Such inquiry changed perceptions of how the economy worked. This article explores recent scholarship on economic thought in the Stuart era. It begins with Joyce Appleby's seminal book which sees economic events as the prime mover behind shifts in economic theory, and then considers Andrea Finkelstein's recent assertions that scientific and medical discoveries strongly influenced economic thinkers like William Petty and Thomas Mun. The article then examines a series of works that analyze the impact of politics on economic thought, how economic thought inspired literature, the interplay of economic thought and religion, and how those who were not economic literati viewed the economy. [source] HUMAN CAPITAL MEASUREMENT: A SURVEYJOURNAL OF ECONOMIC SURVEYS, Issue 2 2010Giuseppe Folloni Abstract After a short history of the concept of human capital (henceforth HC) in economic thought (Section 1), this study presents the two main methods for estimating the value of the stock of HC , the retrospective and prospective one , with a review of the models proposed (Section 2). These methods are linked both to the theory of HC investment as a rational choice (Section 3), the literature analysing the contribution of HC investment to economic growth and the HC estimating method through educational attainment (Section 4). The more recent literature on HC as a latent variable is also assessed (Section 5) and a new method of estimation where HC is seen both as an unknown function of formative indicators and as a ,latent effect' underlying earned income is proposed (Section 6). Section 7 concludes. [source] Financial Liberalisation and Economic Development: An AssessmentJOURNAL OF ECONOMIC SURVEYS, Issue 3 2004Paul Auerbach Abstract., The financial sector has always played a central role in economic development, but analysis of its precise role has been hampered by the emphasis on ,real' factors in the main stream of economic thought and the static nature of financial theory. Empirical studies confirm the importance of finance to economic development, but are indecisive on the efficaciousness of the widely advocated policies associated with financial liberalisation. To be successful, strategies for financial liberalisation must deal with problems generated by asymmetric information and have policies to promote competition, the disclosure of information and the maintenance of governmental integrity. [source] A post Keynesian critique of privatization policies in transition economiesJOURNAL OF INTERNATIONAL DEVELOPMENT, Issue 5 2002John Marangos The privatization policies implemented in transition economies were based on the neoclassical principles of economic thought. The neoclassical privatization policies contributed to the well-known results of a large reduction in output, high unemployment and inflation and a breakdown of institutional norms resulting in corruption and illegal activities. For the post Keynesians, there could have been a transition to a market economy without a substantial change in property ownership. This was because ownership, as such, was less important than competition, the incentive structure and the nature of regulatory policies. Consequently, post Keynesian policies of privatization would had resulted in a substantially smaller social cost of transition. Copyright © 2002 John Wiley & Sons, Ltd. [source] The Changing Role of the State in the Electricity Industry in Brazil, China, and IndiaAMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 4 2003Differences, Explanations ABSTRACT. Technological breakthroughs, macroeconomic pressures, and advances in economic thought have led to a redefinition of the role of the state from producer to arbiter among private interests. Still, the details of such a redefinition vary among countries. We aim to understand the reasons for such differences and draw their policy implications through a case study of the electricity industry in Brazil, China, and India. Over the past decade, these countries have sought to restructure their state-owned electric utilities. The restructuring effort has led to different outcomes in the three countries. We argue that ideology, institutional arrangements, and the behavior of interest groups lie at the heart of such differences. [source] INTERNATIONAL PRODUCTION/DISTRIBUTION NETWORKS AND INDONESIATHE DEVELOPING ECONOMIES, Issue 1 2005Fukunari KIMURA This study examines the industrialization performance of Indonesia through a comparative evaluation with other East Asian economies. While neighboring countries actively formulated international production/distribution networks, Indonesia fell behind in utilizing the benefits of globalizing corporate activities. International production/distribution networks are supported by new economic thought such as fragmentation, agglomeration, and theories about corporate firm; and a policy package of development strategies should be designed to utilize such opportunities. The design of Indonesia's development strategies and "institutions", however, does not conform to the globalizing world because the presence of network-forming foreign companies is not large enough to make them influential "actors". This author argues that the traditional comparative advantage argument for Indonesia's economic development is possibly misleading. Rather, Indonesia must learn the experience of its neighboring countries and introduce foreign companies as new actors to break the old "structure". [source] | |||||||||||||