Economic Theory

Post Keynezyen İktisadı Birey ve Post Keynezyen İktisat Metodolojisinde Krizlerin Dinamikleri Üzerine Yazınsal Bir İnceleme:1929 ve 2008 Krizi Karşılaştırması

by Ömer Tuğsal Doruk

Politik İktisat,Kriz ve Kalkınma Ed.Şiriner,Morady,Mika,Aydın,Koç;Kapucu ve Doğan.2011.IJOPEC Pub.,İstanbul& Londra

Voce "Cyborg" per "Lessico postfordista"

by antonio caronia

Pubblicato in: "Lessico postfordista. Dizionario di idee della mutazione", a cura di Adelino Zanini, Ubaldo Fadini, Feltrinelli, Milano 2001.

Il "Lessico postfordista" di Fadini e Zanini è uno dei libri che dieci anni fa contribuirono a creare una... more Il "Lessico postfordista" di Fadini e Zanini è uno dei libri che dieci anni fa contribuirono a creare una conoscenza di base sulle trasformazioni non solo dell'economia, ma dell'immaginario. Basti pensare che avevano previsto anche una voce "Cyborg"...

Anche questo testo fu una delle tappe verso la riscrittura del mio "Il cyborg" uscita nello stesso anno per la Shake.

Pushing the boundaries of climate economics: critical issues to consider in climate policy analysis

by S. Serban Scrieciu

Published in Ecological Economics (in press, available online 17 November 2011).
- First author and co-authored with Terry Barker (Cambridge Centre for Climate Change Mitigation Research, University of Cambridge, UK) and Frank Ackerman (Stockholm Environment Institute - US Center)

Climate policy choices are influenced by the economics literature which analyses the costs and benefits of alternative... more Climate policy choices are influenced by the economics literature which analyses the costs and benefits of alternative strategies for climate action. This literature, in turn, rests on a series of choices about: the values and assumptions underlying the economic analysis; the methodologies for treating dynamics, technological change, risk and uncertainty; and the assumed interactions between economic systems, society and the environment, including institutional constraints on climate policy. We identify and discuss such critical issues, pushing at the boundaries of current climate economics research. New thinking in this area is gathering pace in response to the limitations of traditional economic approaches, and their assumptions on economic behaviour, ecological properties, and socio-technical responses. We place a particular emphasis on the role of induced technological change and institutional setups in shaping cost-effective climate action that also promotes economic development and the alleviation of poverty.

Risk, managerial effort, and project choice* 1

by David Hirshleifer

Da Metafísica do Capital: Revisitando Lucio Colletti

by Nuno Miguel Machado

draft version, under review

Formas de integração e ‘tríade mercantil’: o carácter não ontológico do mercado na análise institucional de Karl Polanyi

by Nuno Miguel Machado

draft version, under review

Karl Polanyi e o "Grande Debate" entre substantivistas e formalistas na antropologia econômica

by Nuno Miguel Machado

published in Economia e Sociedade, Vol. 21, No. 1 (44), 2012, pp. 165-195

Community Development in the Advent of Climate Change

by Chang Jordan

Public Spending and Credit Creation as the Drivers of Aggregate Profit

by Arturo Hermann

Previous versions of the work have been presented to AFIT 2011 Conference, AHE 2011 Conference and ICAPE 2011 Conference

Keywords: Institutionalism, Keynesian Macroeconomics, Psychoanalysis, Participation, Social Value, Policy Coordination

In this work we try to address a number of aspects of the present economic and social crises from the standpoint of... more In this work we try to address a number of aspects of the present economic and social crises from the standpoint of heterodox economics. This field of research rests on interdisciplinarity and pluralism and include Marxist, Institutional, Keynesian, Austrian, Sustainable Development and Feminist economics.
We employ this approach for the analysis of the role of public intervention — in particular, public spending and credit creation — in the formation of the aggregate profit of private sector.
We try to highlight that this intervention constitutes a central feature for the development of capitalistic institutions. Contrary to what maintained by “market fundamentalism” doctrine, our analysis - by drawing on Institutional and Keynesian economics and on the available data - points out that public intervention, in its various forms, become more and more relevant for ensuring the development of the system. The main conclusion of the work is that the attempts to reduce public spending at any cost are unlikely to really solve the economic and social problems of today. What is highly needed for that purpose is a better use of public spending, less focused on the agenda of the various interest groups and more on the real needs of economy and society.

Disarticulating Assumptions: Hirschman's Deconstruction of Rational Calculations and Prescribed Solutions

by Ezequiel Jimenez

Independent Study with Prof. David Blaney, Fall 2010

When discussing development strategies, the interrelation of economics, political theory, sociology and history is... more When discussing development strategies, the interrelation of economics, political theory, sociology and history is inexorably needed to tackle critical questions concerning bettering people’s condition of living. Albert O. Hirschman’s writings constantly trespass these subjects looking for answers challenging simplistic arguments based on capitalist assumptions of progress. Hirschman’s main writings focus on carefully disarticulate rigid and prescribed solutions offered by technocrats. In Disarticulating Assumptions, I identify this trend and carefully analyze its theoretical development through four of his principal books: Rival Views of Market Society (1992), Development Projects Observed (1967), Grassroots Experience in Latin America (1983) and A Bias for Hope (1971). His non-conformist views on the capitalist model for progress fostered concepts highlighting creativity, innovation, critical leadership and flexibility. Hirschman sees no value in simplifying human behavior to a set of assumptions, but the importance to work with the unexpected consequences promoting innovation, creativity, critical thinking and consciousness. He argues that it is only through the impotence of experiencing the unexpected that we truly learn how to acquire the innovative knowledge to solve problems and challenging conventional assumptions of rationality. Tracing Hirschman’s argument against rational calculation, capitalist assumptions and simplistic approaches to problems of development ultimately challenges our pre-conceived ideas about social change and raises questions about our managerial responsibility when participating in development projects.

Un Nobel d'économie hétérodoxe, vert et féminin. Signe d'espoir?

by Vincenzo Lauriola

A Brief Look at Say’s Law: Attempting to Understand its Relevance and Meaning

by Tarnell Brown

Under review for publication in Undergraduate Economics Review

Although little talked about in contemporary economics, the collection of principles popularly known as Say‟s Law were... more Although little talked about in contemporary economics, the collection of principles popularly known as Say‟s Law were profoundly influential upon economists of the classical era. Kates (1997), who has quite a bit to say on the subject and receives much attention here, ascribes such importance to Say‟s Law that he sees it as the point of origin for Keynes‟ General Theory, which sought to destroy this Law through oversimplification. Preoccupied as the collaborators (Say, James and John Stuart Mill) were with causes of depression, unemployment and growth, perhaps these forgotten dictums retain some relevance to these times. This paper seeks to explore the relevance and importance of Say‟s Law by researching the relevant literature, and offering a tripartite point of view; 1) the author‟s own take on Say as a whole, 2) Say as interpreted by John Stuart Mill, and 3) a look at the equivalence of Say‟s definition of savings and growth with the modern interpretation of it.

A Discursive Dominance Theory of Economic Reform Sustainability: The Case of India

by Chanchal Sharma

Published in India Review ( Taylor and Francis, U.K) Vol 10, No.2. 2011

Value and Capital in Bourdieu and Marx

by Jon Beasley-Murray

In Pierre Bourdieu: Fieldwork in Art, Literature and Culture. Ed. Nicholas Brown and Imre Szeman. Lanham, MD: Rowman and Littlefield, 2000. 100-119.

The Living Economy Elaborated and with Examples

by Damir Ibrisimovic

Draft 1.1

The nonillusory effects of neoliberalisation: linking geographies of poverty, inequality, and violence

by Simon Springer

Springer, S. 2008. The nonillusory effects of neoliberalisation: linking geographies of poverty, inequality, and violence. Geoforum. 39 (4), 1520-1525.

This paper steps into recent debates concerning the (f)utility of neoliberalism as an ‘actually existing’ concept by... more This paper steps into recent debates concerning the (f)utility of neoliberalism as an ‘actually existing’ concept by reminding the reader that without a Marxian political economy approach, one that specifically includes neoliberalisation as part of its theoretical edifice, we run the risk of obfuscating the reality of capitalism’s festering poverty, rising inequality, and ongoing geographies of violence as something unknowable and ‘out there’. By failing to acknowledge such nonillusory effects of neoliberalisation and refusing the explanatory power neoliberalism holds in relating similar constellations of experiences across space as a potential basis for emancipation, we precipitously ensure the prospect of a violent future.

Competition for Procurement Shares

by José Alcalde

Co-authored with Matthias Dahm. Available at SSRN: http://ssrn.com/abstract=1881547

We propose a new procurement procedure which allocates shares of the total amount to be procured depending on the bids... more We propose a new procurement procedure which allocates shares of the total amount to be procured depending on the bids of suppliers. Among the properties of the mechanism are:
(i) Bidders have an incentive to participate in the procurement procedure, as equilibrium payoffs are strictly positive.
(ii) The mechanism allows to vary the extent to which affirmative action objectives, like promoting local industries, are pursued.
(iii) Surprisingly, even accomplishing affirmative action goals, procurement expenditures might be lower than under a classical auction format.

Rational Angels. Understanding the Theological Background of Economic Rationality

by Pier Giuseppe Monateri

In this essay the Author traces back the modern standard theory of economic rationality to the theological backgrond... more In this essay the Author traces back the modern standard theory of economic rationality to the theological backgrond of the theory of Angels as rational decision makers developed by Christian Scholastics.
His main conclusion is that there is an identifiable theological background of modern economic theory of rationality, and that it is this theological dimension that can explain why this theory, so useful as it has been, is anyway based on ‘ontological’ but counterfactual assumptions.
The consciousness of this fact would imply the need for a revised and more complex 'economic ontology’: if rational decision theory is rooted in the ontology of angels, as it was developed by the western scholastics, it becomes obvious that the real problem is not, first of all, to contrast the theory with more empirical observations, derived from the actual behavior of economic agents, but to develop a different ontology, and to reframe, within it, a newer theory of rationality.

The Death of the International System

by Cameron Cowan

By Cameron Cowan for the MDY program at Norwich University

This paper argues that due to the variety of new organizations, new power structures, and new economic conditions, the... more This paper argues that due to the variety of new organizations, new power structures, and new economic conditions, the state based international system is in peril and will have to accommodate a variety of new players at the table that include new states, multinational corporations, IGOs, NGOs, and others.

Capitale

by Claudio Cecchi