Template-Type: ReDIF-Article 1.0 Author-Name: Deborah Figart Author-X-Name-First: Deborah Author-X-Name-Last: Figart Title: Gender as More Than a Dummy Variable: Feminist Approaches to Discrimination Abstract: To avow that gender is more than an independent--or dummy--variable is to posit the centrality of gender (as well as race and class) in economic analysis. Conventional economic methods tend to neglect the process by which gender interacts with and shapes other social forces and institutions. The basis for a feminist alternative is the assertion that the social construction of gender permeates men's and women's labor market experiences. A feminist definition of discrimination is proposed which emphasizes process as well as outcomes; measurable as well as unquantifiable repercussions. Labor market discrimmation is a multidimensional interaction of economic, social, political, and cultural forces in both the workplace and the family, resulting in differential outcomes involving pay, employment, and status. Several propositions toward developing feminist approaches to labor market discrimination are illustrated with examples of feminist research. These propositions delineate feminist work on: the importance of praxis-based research; the necessity for methodological pluralism; the role of power in wage-setting within the firm; the impact of macro-social institutions; and the intersections of gender, race, class, and other social forces. Journal: Review of Social Economy Pages: 1-32 Issue: 1 Volume: 55 Year: 1997 Keywords: discrimination, gender, labor markets, method, feminist theory, wages, employment, X-DOI: 10.1080/00346769700000022 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000022 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:1:p:1-32 Template-Type: ReDIF-Article 1.0 Author-Name: David George Author-X-Name-First: David Author-X-Name-Last: George Title: Working Longer Hours: Pressure from the Boss or Pressure from the Marketers? Abstract: The century-long decline in the amount of time spent working for income has been reversed over the last twenty-five years. By one account, this reversal is primarily traceable to a rise in the power fo employers who find more work hours per employee to be in their interest. By another account, that I argue to be the more convincing, the major cause of the change is the growing sophisticated of advertising and marketing which has stimulated demand and led to voluntarydecisions to work more. Education is presented as an example of the effects that rising “marketization” has on a product's nature. Decreased hours of study and grade inflation are offered as two examples of the crowding out of production for oneself at the expense of production for sale in the market. While no attempt is made to draw clear normative conclusions regarding educational trends, the paper concludes with a normative assessment of the trend toward greater time spent in the workplace. I argue that the historically recent rise of “workaholism” suggests that for at least a portion of the workforce, market forces have created preferences to work more that are ranked lower than what they replace; that the overworked American is too often one in the grip of an unpreferred preference regarding work. Journal: Review of Social Economy Pages: 33-65 Issue: 1 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000023 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000023 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:1:p:33-65 Template-Type: ReDIF-Article 1.0 Author-Name: Kenneth Mischel Author-X-Name-First: Kenneth Author-X-Name-Last: Mischel Title: Webs of Significance: Understanding Economic Activity in its Cultural Context Abstract: This paper makes the case for developing accounts of economic activity by placing such activity in its ambient cultural contexts. It is shown that doing so provides the basis for credibly attributing significance to economic acts and coming to terms with the belief structures economic agents employ, e.g., what they expect of each other, expect others expect of them, and so on. The role of culture systems as social orchestrators is discussed. The implications of a context-sensitive explanatory approach for the commitment to view economic behavior as rational are considered. A wider conception of economic rationality is proposed. Journal: Review of Social Economy Pages: 67-84 Issue: 1 Volume: 55 Year: 1997 Keywords: cultural contexts, cooperation, rationality, symbolic reasoning, X-DOI: 10.1080/00346769700000024 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000024 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:1:p:67-84 Template-Type: ReDIF-Article 1.0 Author-Name: Piet-Hein van Eeghen Author-X-Name-First: Piet-Hein Author-X-Name-Last: van Eeghen Title: The Capitalist Case Against the Corporation Abstract: The paper criticizes the corporation from a liberal-capitalist point of view, arguing that incorporation violates the right and responsibilities of private ownership. Aspects of current capitalist practice which popularly concentration, speculative instability and excessive growth/profit orientation) are traced back to the corporate form rather that to genuinely capitalist institutions such as private property and free exchange. Some disadvantages connected to the proposed repeal of incorporation for private enterprise are discussed. Journal: Review of Social Economy Pages: 85-113 Issue: 1 Volume: 55 Year: 1997 Keywords: corporation, capitalism, socialism, principle of persona responsibility, X-DOI: 10.1080/00346769700000025 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000025 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:1:p:85-113 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Lutz Author-X-Name-First: Mark Author-X-Name-Last: Lutz Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 115-123 Issue: 1 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000026 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000026 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:1:p:115-123 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Drago Author-X-Name-First: Robert Author-X-Name-Last: Drago Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 123-128 Issue: 1 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000027 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000027 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:1:p:123-128 Template-Type: ReDIF-Article 1.0 Author-Name: William Waller Author-X-Name-First: William Author-X-Name-Last: Waller Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 128-132 Issue: 1 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000028 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000028 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:1:p:128-132 Template-Type: ReDIF-Article 1.0 Author-Name: Maryann Keating Author-X-Name-First: Maryann Author-X-Name-Last: Keating Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 132-135 Issue: 1 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000029 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000029 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:1:p:132-135 Template-Type: ReDIF-Article 1.0 Author-Name: James Buss Author-X-Name-First: James Author-X-Name-Last: Buss Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 136-139 Issue: 1 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000030 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000030 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:1:p:136-139 Template-Type: ReDIF-Article 1.0 Author-Name: Metin Cosgel Author-X-Name-First: Metin Author-X-Name-Last: Cosgel Title: Consumption Institutions Abstract: Consumption institutions reflect socially constructed systems of rules that generate regularities in people's consumption behavior. This paper seeks to understand these institutions by using insights from recent developments in rhetorical analysis and the economics of institutions in order to develop an analogy between speech and consumption and to explore parallels between the institutions that surround them. Just as a speaker utilizes speech institutions (e.g., language, speech codes), a consumer utilizes a variety of consumption institutions (e.g., the meanings produced by specific arrangements of goods, dress codes) in making statements. Consumption institutions serve as both constraints and enablers, providing the knowledge that assist individuals to relate to each other through intersubjectively shared categories of communication. They serve a dual function by providing knowledge for the consumer to send and the audience to interpret messages. Journal: Review of Social Economy Pages: 153-171 Issue: 2 Volume: 55 Year: 1997 Keywords: consumption, institutions, Veblen, modernism, rhetoric, knowledge, X-DOI: 10.1080/00346769700000031 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000031 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:2:p:153-171 Template-Type: ReDIF-Article 1.0 Author-Name: Alexandra Bernasek Author-X-Name-First: Alexandra Author-X-Name-Last: Bernasek Author-Name: Richard Porter Author-X-Name-First: Richard Author-X-Name-Last: Porter Title: Private Pressure for Social Change in South Africa: the Impact of the Sullivan Principles Abstract: The Sullivan Principles represented an attempt in the 1970s and 1980s in the United States to apply private pressure, as an alternative to government sanctions, to put an end to apartheid in South Africa. In this paper we assess the impact of the Principles on the employment practices of a sample of U.S. firms operating in South Africa that were signatories to the Principles. We examine the extent of their commitment to improving conditions of employment for their nonwhite employees, in the areas of employment growth, wages, and advancement into management and supervisory positions. Our results indicate that the impact of the Sullivan Principles was modest at best. The evidence leads to the conclusion that in this case, private pressure was not a powerful force for social change. Journal: Review of Social Economy Pages: 172-193 Issue: 2 Volume: 55 Year: 1997 Keywords: Sullivan Principles, South Africa, Apartheid, Corporate responsibility, X-DOI: 10.1080/00346769700000032 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000032 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:2:p:172-193 Template-Type: ReDIF-Article 1.0 Author-Name: Irene Tinker Author-X-Name-First: Irene Author-X-Name-Last: Tinker Author-Name: Gale Summerfield Author-X-Name-First: Gale Author-X-Name-Last: Summerfield Title: Background of the NGO Forum and Overview of the Family and Economic Transformation: Problems and Strategies Abstract: Journal: Review of Social Economy Pages: 196-200 Issue: 2 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000033 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000033 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:2:p:196-200 Template-Type: ReDIF-Article 1.0 Author-Name: Gale Summerfield Author-X-Name-First: Gale Author-X-Name-Last: Summerfield Title: Economic Transition in China and Vietnam: Crossing the Poverty Line is Just the First Step for Women and Their Families Abstract: This paper compares the changing strategies of women and their families during the economic transition in China and Vietnam. Employment strategies to improve the family' s well-being have resulted in increased rural-urban migration by men and young women, while middle-aged, married women remain in the countryside taking care of the farms and children. Although women have been able to take advantage of new opportunities for employment in nonstate firms and their own entrepreneurial endeavors, their employment strategies are limited by increasing discrimination in hiring and layoffs. Moreover, the policy problems play out within the family in changing bargaining power, including decisions about education and health care. Journal: Review of Social Economy Pages: 201-214 Issue: 2 Volume: 55 Year: 1997 Keywords: women, families, strategies, bargaining power, X-DOI: 10.1080/00346769700000034 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000034 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:2:p:201-214 Template-Type: ReDIF-Article 1.0 Author-Name: Jean Pyle Author-X-Name-First: Jean Author-X-Name-Last: Pyle Title: Women, the Family, and Economic Restructuring: the Singapore Model? Abstract: Singapore is promoting itself as a model for Asian development, citing its high growth rates and stable society. It contends that its approach differs dramatically from that of the West because of its solid value system regarding families and community. This paper examines the ways women and changing family policies have been critical components of Singapore's growth. It shows, however, that rather than having a long-term consistent view of appropriate family size and roles, the Singaporean government adopted strikingly different policies (particularly toward fertility) over the past three decades, as it attempted to affect the supply of labor in the short-run and over the longer term and thereby maintain growth rates. This sheds a different light on Singapore's claims regarding its stable approach to families, particularly since policy changes since the mid-1980s have placed intense demands on women's limited time by encouraging increased female labour force participation and increased fertility. Journal: Review of Social Economy Pages: 215-223 Issue: 2 Volume: 55 Year: 1997 Keywords: Singapore, female labor force participation, fertility policies, birth rate, export-oriented development, supply of labor, X-DOI: 10.1080/00346769700000035 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000035 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:2:p:215-223 Template-Type: ReDIF-Article 1.0 Author-Name: Veronica Montecinos Author-X-Name-First: Veronica Author-X-Name-Last: Montecinos Title: Economic Reforms, Social Policy, and the Family Economy in Chile Abstract: Chile's long tradition of welfare programs included “generous” benefits for many working women. The social security system, however, perpetuated significant forms of gender and class inequality. In the 1970s and 1980s, poverty was greatly increased by sweeping market reforms. The military government responded to the high social costs with a minimal safety net which targeted expectant mothers, small children and the extremely poor, but was inadequate for most of the population. After the return of democracy, income distribution has improved in the 1990s. Yet, much needs to be done to promote family well-being through effective and participatory social policies. Journal: Review of Social Economy Pages: 224-234 Issue: 2 Volume: 55 Year: 1997 Keywords: women, family, social security, Chile, well-being, X-DOI: 10.1080/00346769700000036 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000036 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:2:p:224-234 Template-Type: ReDIF-Article 1.0 Author-Name: Jan Knippers Black Author-X-Name-First: Jan Knippers Author-X-Name-Last: Black Title: Responsibility Without Authority: the Growing Burden for Women in the Caribbean Abstract: After achieving independence and limited economic self-assertion in the sixties and seventies, most Caribbean states have been reabsorbed by a now globalized neocolonial system. The “structural adjustment” exacted in the process has exacerbated hardship and inequality generally and has been particularly hard on women. It has deprived them of resources and authority while requiring them to assume service and welfare responsibilities being abandoned by the state. As male unemployment rises, more women are working longer hours for less in new maquiladora industries. But women are elaborating new collective strategies for pooling resources, nurturing souls, and regenerating energies. Journal: Review of Social Economy Pages: 235-242 Issue: 2 Volume: 55 Year: 1997 Keywords: gender, structural adjustment, Caribbean, coping collectively, X-DOI: 10.1080/00346769700000037 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000037 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:2:p:235-242 Template-Type: ReDIF-Article 1.0 Author-Name: Monique Cohen Author-X-Name-First: Monique Author-X-Name-Last: Cohen Title: A Road Map for Measuring Development Impact: a Woman's and Family Perspective Abstract: This paper discusses women's strategies during the economic reforms with a focus on housing policies. It uses the housing issue to address the importance of identifying impacts on both women as individuals and as family members when evaluating development programs. A case study of a family in Cairo illustrates the issues involved. The paper then considers modifications for impact assessment of programs so that the concept of end user is broadened to include the woman and the family. Journal: Review of Social Economy Pages: 243-250 Issue: 2 Volume: 55 Year: 1997 Keywords: women, family, strategies, development, housing, shelter, X-DOI: 10.1080/00346769700000038 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000038 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:2:p:243-250 Template-Type: ReDIF-Article 1.0 Author-Name: Irene Tinker Author-X-Name-First: Irene Author-X-Name-Last: Tinker Title: Family Survival in an Urbanizing World Abstract: Among the urban poor in the Global South, an increasingly large percentage of women are household heads because weakened kin structures have allowed men to cease supporting their families. Women produce income at home in order to combine work and childcare despite government regulations and community planners that discourage such use. Changes in policies regarding tenancy rights for women, housing design, and home production would recognize a woman's dual use of her home. New organizations for home-based workers offer some measure of protection. Solutions to family survival require a research focus on survival issues relating to men as well as to women. Journal: Review of Social Economy Pages: 251-260 Issue: 2 Volume: 55 Year: 1997 Keywords: urban, housing rights for women, tenancy rights for women, [women's housing rights], microenterprise, home-based work, urban food production, X-DOI: 10.1080/00346769700000039 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000039 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:2:p:251-260 Template-Type: ReDIF-Article 1.0 Author-Name: Geoffrey Gilbert Author-X-Name-First: Geoffrey Author-X-Name-Last: Gilbert Title: Adam Smith on the Nature and Causes of Poverty Abstract: Adam Smith's views on poverty have received less attention than one would expect, but they are worth examining. In the Moral Sentiments Smith takes a skeptical, ironic view of the striving for material goods and wealth. Poverty is treated not as a condition of economic deprivation but as a cause of social isolation and psychic unease. In the Lectures on Jurisprudence Smith theorizes the amval of economic inequality as a society advances from the hunting to the herding stage. He sees “poverty” (poorness) as widespread but not problematic in commercial society, since wage earners do not experience actual misery. In the growth model of the Wealth of Nations, laborers earn a wage that affords them all the necessities and even a few conveniences and luxuries. True, grinding poverty characterizes the stationary and declining economies only. Smith is oddly silent on state assistance to the poor but incisive on the health and moral consequences of urban-industrial development for the lower classes. Journal: Review of Social Economy Pages: 273-291 Issue: 3 Volume: 55 Year: 1997 Keywords: poverty, Smith, Poor Law, poor, X-DOI: 10.1080/00346769700000001 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000001 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:3:p:273-291 Template-Type: ReDIF-Article 1.0 Author-Name: William Waters Author-X-Name-First: William Author-X-Name-Last: Waters Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 392-393 Issue: 3 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000010 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000010 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:3:p:392-393 Template-Type: ReDIF-Article 1.0 Author-Name: Christine Rider Author-X-Name-First: Christine Author-X-Name-Last: Rider Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 394-396 Issue: 3 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000011 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000011 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:3:p:394-396 Template-Type: ReDIF-Article 1.0 Author-Name: Edward O'Boyle Author-X-Name-First: Edward Author-X-Name-Last: O'Boyle Title: Minutes of the Special Executive Council Meeting Association for Social Economics August 1, 1996 Abstract: Journal: Review of Social Economy Pages: 397-398 Issue: 3 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000012 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000012 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:3:p:397-398 Template-Type: ReDIF-Article 1.0 Author-Name: Edward O'Boyle Author-X-Name-First: Edward Author-X-Name-Last: O'Boyle Title: Minutes of the General Membership Meeting Association for Social Economics Abstract: Journal: Review of Social Economy Pages: 399-401 Issue: 3 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000013 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000013 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:3:p:399-401 Template-Type: ReDIF-Article 1.0 Author-Name: R. Donald Author-X-Name-First: R. Author-X-Name-Last: Donald Title: Adam Smith and the Natural Wage: Sympathy, Subsistence and Social Distance Abstract: This article focuses on Adam Smith's attitude toward wages as the natural price of labor. It argues that his subsistence wage had similarities with the medieval Schoolmen's notion of the just wage as being established through markets. He further agreed with them that the market wage had to be sufficient to nurture community standards of virtue. His application of the concept differed from theirsn due to his recognition of the problems caused by social distance. In a commercial society, impersonal relations added difficulties to the attainment of a just wage and could diminish virtue. As a result, sympathy from employers and from public officials was needed as part of the Smithian standard of wages. Journal: Review of Social Economy Pages: 292-311 Issue: 3 Volume: 55 Year: 1997 Keywords: Just wage, subsistence wage, social distance, division of labor, sympathy, self-interest, X-DOI: 10.1080/00346769700000002 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000002 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:3:p:292-311 Template-Type: ReDIF-Article 1.0 Author-Name: Kwangsu Kim Author-X-Name-First: Kwangsu Author-X-Name-Last: Kim Title: Adam Smith: Natural Theology and Its Implications for His Method of Social Inquiry Abstract: This paper sees a systematic unity between Smith's theological view and scientific study of society. Smith's theological outlook as to a benevolent deity is grasped as a metaphysical doctrine in his system of social science. It arises from the fact that while Smith's opinion concerning God's attributes is established, in the first instance, on the basis of his empirical study of nature, it also stands irrespective of other facts which are not in line with the patterns of order and design. Smith's metaphysical proposition as such is methodologically suggestive in that it proposes theoretical possibilities for progress and harmony and rules out the features of conflict at the analytic level. This implies a difficulty in subscribing to a conventional interpretation that introduces the “two Smiths's” view (the duality of his method and vision). Journal: Review of Social Economy Pages: 312-336 Issue: 3 Volume: 55 Year: 1997 Keywords: Smith's natural theology, a metaphysical doctrine, a unity between natural theology and science, the “Smiths'” view, X-DOI: 10.1080/00346769700000003 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000003 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:3:p:312-336 Template-Type: ReDIF-Article 1.0 Author-Name: Amy Farmer Author-X-Name-First: Amy Author-X-Name-Last: Farmer Author-Name: Jill Tiefenthaler Author-X-Name-First: Jill Author-X-Name-Last: Tiefenthaler Title: An Economic Analysis of Domestic Violence Abstract: While economists have been studying the family as an economic unit for almost thirty years, most models have focused on cooperative family units. Domestic violence, one of the most widespread violent crimes against women, is one example of a family unit that is better explained as a noncooperative re1ationship. In this paper, a noncooperative model of domestic violence is presented. The comparative statics from this model predict that women's incomes and other financial support received from outside the marriage (family, welfare, shelters, divorce settlements, etc.) will decrease the level of violence in intact families because they increase the woman's threat point. Implications of the theoretical model are discussed and empirical evidence is summarized. The results from existing and new analysis provide support for the hypothesis that improved economic opportunities for women will decrease the level of violence in abusive re1ationships. Journal: Review of Social Economy Pages: 337-358 Issue: 3 Volume: 55 Year: 1997 Keywords: domestic violence, household bargaining, noncooperative, X-DOI: 10.1080/00346769700000004 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000004 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:3:p:337-358 Template-Type: ReDIF-Article 1.0 Author-Name: Diane Dewar Author-X-Name-First: Diane Author-X-Name-Last: Dewar Title: Medical Technology in the United States and Canada: Where Are We Going? Abstract: U.S. and Canadian policies concerning medical technology acquisition and diffusion are compared. Healthcare resources are allocated primarily through insurance incentives in the U.S. and through budget controls in Canada. Technological acquisitions, a small component of healthcare expenditures, are influenced by industry competition in the U.S., and by U.S. marketing in Canada. Healthcare utilization, a large component of expenditures, has caused similar resource allocation issues in both countries. Both countries are becoming more similar in their healthcare policies. Canada is becoming more privatized in financing healthcare services, and the U.S. is moving toward more conservative medicine. Both countries face similar challenges in technological acquisition and diffusion. Care must be taken that administrative hurdles do not alter the stream of returns to technology so that the R&D of beneficial technologies will be encouraged. Also, evaluation methods must objectively measure the economic costs and benefits of technological services so that technologies that yield net benefits to society will be promoted. Journal: Review of Social Economy Pages: 359-378 Issue: 3 Volume: 55 Year: 1997 Keywords: Medical technology, United States, Canada, health care systems, X-DOI: 10.1080/00346769700000005 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000005 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:3:p:359-378 Template-Type: ReDIF-Article 1.0 Author-Name: Jochen Runde Author-X-Name-First: Jochen Author-X-Name-Last: Runde Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 379-381 Issue: 3 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000006 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000006 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:3:p:379-381 Template-Type: ReDIF-Article 1.0 Author-Name: Bruce Pietrykowski Author-X-Name-First: Bruce Author-X-Name-Last: Pietrykowski Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 381-385 Issue: 3 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000007 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000007 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:3:p:381-385 Template-Type: ReDIF-Article 1.0 Author-Name: William Dugger Author-X-Name-First: William Author-X-Name-Last: Dugger Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 385-388 Issue: 3 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000008 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000008 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:3:p:385-388 Template-Type: ReDIF-Article 1.0 Author-Name: Tom Mayer Author-X-Name-First: Tom Author-X-Name-Last: Mayer Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 389-392 Issue: 3 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000009 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000009 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:3:p:389-392 Template-Type: ReDIF-Article 1.0 Author-Name: Hans Jensen Author-X-Name-First: Hans Author-X-Name-Last: Jensen Title: Introduction Abstract: Journal: Review of Social Economy Pages: 409-415 Issue: 4 Volume: 55 Year: 1997 X-DOI: 10.1080/00346769700000014 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000014 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:4:p:409-415 Template-Type: ReDIF-Article 1.0 Author-Name: Anatol Rapoport Author-X-Name-First: Anatol Author-X-Name-Last: Rapoport Title: Memories of Kenneth E.Boulding Abstract: The forty-year friendship between the author and Kenneth Boulding was cemented by three affinities. (1) an intense common interest in the system-theoretic approach to the philosophy of science, especially its “organismic” direction; (2) shared feeling that in its development the scientific outlook largely bypassed the introspective mode of cognition; (3)an uncompromising rejection of violence especially of its sanctioned, rationalized type, organized by power elities (war). The wide divergence of out attitude toward religion had no effect on the intimacy and intensity of the friendship. Journal: Review of Social Economy Pages: 416-431 Issue: 4 Volume: 55 Year: 1997 Keywords: Cognition, peace activism, religion, science, system, truth, values, X-DOI: 10.1080/00346769700000015 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000015 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:4:p:416-431 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Solo Author-X-Name-First: Robert Author-X-Name-Last: Solo Title: Boulding Among the Structuralists Abstract: The character of structuralism is given as studies of systems of perception wherein the author interposes in organizing element between observation and perception. The organizing element for Piaget is the cognitive structure, for Foucault the epistime, for Kuhn the paradigm, for Solo ideology, and for Boulding the image. The idea and significance of “the image” in Boulding's book The Imageis analyzed and the place of that work in Boulding's grand project, to create a universal science, is indicated. Journal: Review of Social Economy Pages: 432-444 Issue: 4 Volume: 55 Year: 1997 Keywords: structuralism, Kenneth Boulding, Jean Piaget, Michel Foucault, Thomas Kuhn, Robert Solo, X-DOI: 10.1080/00346769700000016 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000016 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:4:p:432-444 Template-Type: ReDIF-Article 1.0 Author-Name: L. Randall Wray Author-X-Name-First: L. Randall Author-X-Name-Last: Wray Title: Kenneth Boulding's Reconstruction of Macroeconomics Abstract: Boulding's reconstruction of macroeconomics provides a “microfoundation” based on liquidity preference theory, a balance sheet approach, and a process of homeostasis. These microfoundations are consistent with his aggregate theory and avoid fallacies of composition—such as the paradox of thrift—as well as the “adding up” problems of marginal productivity theory. His distrubution theory links income shares to the determinants of employment and output and the conditions of equilibrium of saving investment. His definitions provide clear alternatives to the NIPA definitions adopted in “Keynesian” theory. He provides an alternative view of fiscal and monetary policies that will not prove to be impotent in the face of the ongoing conservation counterrevolution. Indeed, his theories are quite close to the modern Post-Keynesian understanding of “endogenous money” the deficit-growth relation, and the investment-saving connection, while his policy recommendations are often consistent with those of Post-Keynesians. Journal: Review of Social Economy Pages: 445-463 Issue: 4 Volume: 55 Year: 1997 Keywords: Boulding, macroeconomics, Keynesian economics, Post-Keynesian, economics, balance sheets, homeostasis, X-DOI: 10.1080/00346769700000017 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000017 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:4:p:445-463 Template-Type: ReDIF-Article 1.0 Author-Name: O.P. Albino Barrera Author-X-Name-First: O.P. Albino Author-X-Name-Last: Barrera Title: Degrees of Unmet Needs in the Superfluous Income Criterion Abstract: The task of modern political economy is made more difficult by the confusion surrounding the ranking of competing claims in the social order. This paper is about situating particular interests within the broader claims of society. Using Catholic social thought's universal access principle, overlapping claims for economic resources are weighed according to the unmet needs of the contending parties in the following order of importance: (1) as constitutive for physical survival and basic health, (2) as determinative of life prospects, and (3) as life-enhancing. The finer specification of superfluous income into this threefold tpology opens the door to a more nuanced application of distributive justivce where norms grow stricter and the tolerance for inequality becomes much narrower as the strength of claims grows in proportion to the urgency of unmet needs. The contribution of this paper lies in its refinement of the concept of superflkuous income by distingushing varying degrees of unmet needs through a typology that provides terms of reference that are specified in their function, in their theological warrants and in the strength of their claims. Journal: Review of Social Economy Pages: 464-486 Issue: 4 Volume: 55 Year: 1997 Keywords: Catholic social thought, superfluous income, universal access principle, unmet needs, distributive justice, X-DOI: 10.1080/00346769700000018 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000018 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:4:p:464-486 Template-Type: ReDIF-Article 1.0 Author-Name: S. J. Philip Author-X-Name-First: S. J. Author-X-Name-Last: Philip Author-Name: J. Chmielewski Author-X-Name-First: J. Author-X-Name-Last: Chmielewski Title: Workers' Participation in the United States: Catholic Social Teaching and Democratic Theory Abstract: Workers' participation has stirred renewed interest because of recent economic and political transformation. The article presents workplace participation as key in maintaining democratic values. The tenth anniversary of Economic Justice for Allprovides the occasion to reexamine its social ethical arguments for workplace participation. The weight of those arguments is assessed in light of: their wide, antecedent background in theory and practice manifested in both the U.S. and Germany, the modern effectiveness of works' councils, and the extension of the ethical arguments in more recent Catholic social teaching. The article examines the theological and philosophical principles of Economic Justice for Allas they bear on economic participation. Central to these arguments is the fostering of free personal activity within a diverse, institutionally plural society. Toward society's common good, economic participation directs productive and service activites. The traditional category of subsidiarity offers a channel along which contemporary democratic analysis can invigorate the social teaching tradition, namely, in highlighting the functions of communication, information transfer, and education within cooperative activity. Such cooperation addresses the gap in structures of representation as well as the ethical requirement of secured expression. Workers' participation effectively represents and sustains democratic culture. Journal: Review of Social Economy Pages: 487-508 Issue: 4 Volume: 55 Year: 1997 Keywords: codetermination, common good, economic democracy, Economic Justice for All, German social thought, subsidiarity, works councils, workers' participation, X-DOI: 10.1080/00346769700000019 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769700000019 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:55:y:1997:i:4:p:487-508 Template-Type: ReDIF-Article 1.0 Author-Name: Brooks Hull Author-X-Name-First: Brooks Author-X-Name-Last: Hull Author-Name: Frederick Bold Author-X-Name-First: Frederick Author-X-Name-Last: Bold Title: Product Variety in Religious Markets Abstract: This paper analyzes the relationship between religious market product variety and church membership. We find that denominational variety is negatively associated with the total level of church membership in U.S. counties. This result appears 10 contradict the standard religious product variety model. Our data are consistent with a more general view of markets that incorporates the cost to consumers of product variety. Where product variety has significant costs, an increase in variety may reduce total market penetration. The paper suggests market characteristics that might give rise to this situation, characteristics present in the religion market. Journal: Review of Social Economy Pages: 1-19 Issue: 1 Volume: 56 Year: 1998 Keywords: religion, church, product variety, concentration, X-DOI: 10.1080/00346769800000001 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000001 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:1:p:1-19 Template-Type: ReDIF-Article 1.0 Author-Name: Chuck Skoro Author-X-Name-First: Chuck Author-X-Name-Last: Skoro Author-Name: R. Larry Reynolds Author-X-Name-First: R. Larry Author-X-Name-Last: Reynolds Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 94-97 Issue: 1 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000010 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000010 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:1:p:94-97 Template-Type: ReDIF-Article 1.0 Author-Name: Charles Wilber Author-X-Name-First: Charles Author-X-Name-Last: Wilber Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 98-103 Issue: 1 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000011 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000011 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:1:p:98-103 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Danner Author-X-Name-First: Peter Author-X-Name-Last: Danner Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 103-105 Issue: 1 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000012 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000012 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:1:p:103-105 Template-Type: ReDIF-Article 1.0 Author-Name: David Andrews Author-X-Name-First: David Author-X-Name-Last: Andrews Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 105-108 Issue: 1 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000013 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000013 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:1:p:105-108 Template-Type: ReDIF-Article 1.0 Author-Name: Mario Giampietro Author-X-Name-First: Mario Author-X-Name-Last: Giampietro Author-Name: Kozo Mayumi Author-X-Name-First: Kozo Author-X-Name-Last: Mayumi Title: Another View of Development, Ecological Degradation, and North-South Trade Abstract: Based on N. Georgescu-Roegen's bioeconomic paradigm, this paper reconsiders the neoclassical economic paradigm which endorses continuous global economic growth through stimulated trade. We suggest that, in view of sustainability, it is fundamental to acknowledge: (1) the importance of preserving the identity and integrity of economic systems in different regions of the world through enlarging as much as possible self-sufficiency and equity assessed at national and regional levels; and (2) the importance of including respect for biospheric equilibria as one criterion to be used to regulate world economic activity and trade. We examine differences and similarities of the past and present patterns of ecological degradation. We also present two types of efficiency to assess technological changes and the drive toward unsustainability. Then we discuss an entropy-based theory of North-South trade issues and three points for promotion of sustainability. Finally, we show that the true origin of currentecological crisis lies in a deep change in the perception of the relation between humans and nature that affects the mode of technological development of modern society. Journal: Review of Social Economy Pages: 20-36 Issue: 1 Volume: 56 Year: 1998 Keywords: development, efficiency, Jevons's paradox, North-South trade, ecological degradation, bioeconomics, X-DOI: 10.1080/00346769800000002 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000002 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:1:p:20-36 Template-Type: ReDIF-Article 1.0 Author-Name: Christopher Wonnell Author-X-Name-First: Christopher Author-X-Name-Last: Wonnell Title: Roemer and Market Socialism Abstract: Professor John Roemer has defended a future market socialist order. His model would encompass an egalitarian coupon market for the ownership of firm shares, a private sector for firms below a certain size, a system of public bank loans for the raising of capital, and an industrial policy of differential interest rates for various economic sectors. This paper argues that such a model would generate perverse incentives for firms, shareholders, public officials, and private entrepreneurs. It also argues that Roemer's contention that such a model would produce a more environmentally sensitive polity is problematic. Journal: Review of Social Economy Pages: 37-46 Issue: 1 Volume: 56 Year: 1998 Keywords: market socialism, Roemer, environment, externalities, X-DOI: 10.1080/00346769800000003 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000003 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:1:p:37-46 Template-Type: ReDIF-Article 1.0 Author-Name: Howard Sherman Author-X-Name-First: Howard Author-X-Name-Last: Sherman Title: Critique of the Critique: Analysis of Hodgson on Marx on Evolution Abstract: Hodgson claims that Marxism is incompatible with Darwinian biological evolution. That was true of earlier Socialist and Communist theories of economic determinism, but it is not true of the contemporary generation of critical Marxists. Journal: Review of Social Economy Pages: 47-58 Issue: 1 Volume: 56 Year: 1998 Keywords: Marxism, institutionalism, evolution, X-DOI: 10.1080/00346769800000004 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000004 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:1:p:47-58 Template-Type: ReDIF-Article 1.0 Author-Name: Oren Levin-Waldman Author-X-Name-First: Oren Author-X-Name-Last: Levin-Waldman Title: Plant Closings: Is WARN an Effective Response? Abstract: Congress has sought to address the issue of transitional economies through the Worker Adjustment and Retraining Notification Act (WARN), which is supposed to provide workers and their communities with advance notice of a shutdown. With advance notice, workers can then plan for the closure and avail themselves of the transitional type services available under other programs. By this theory, then, WARN might be viewed as a stepping stone in the direction of a more comprehensive employment policy. This, however, presupposes that the states administering other programs through their Dislocated Worker Units (DWU) are actually receiving accurate information closures and compliance with WARN in their jurisdiction. In this paper, I examine WARN both in theory and in practice. Data drawn from surveys conducted of DWUs suggests that the information we have about closure, its impact, and WARN is uneven, and therefore does not easily lend itself to a clear policy path. Journal: Review of Social Economy Pages: 59-79 Issue: 1 Volume: 56 Year: 1998 Keywords: plant closure, WARN, transitional economies, displacement, comprehensive employment policy, X-DOI: 10.1080/00346769800000005 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000005 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:1:p:59-79 Template-Type: ReDIF-Article 1.0 Author-Name: David George Author-X-Name-First: David Author-X-Name-Last: George Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 81-84 Issue: 1 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000006 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000006 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:1:p:81-84 Template-Type: ReDIF-Article 1.0 Author-Name: Jerry Petr Author-X-Name-First: Jerry Author-X-Name-Last: Petr Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 84-86 Issue: 1 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000007 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000007 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:1:p:84-86 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Dimand Author-X-Name-First: Robert Author-X-Name-Last: Dimand Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 86-90 Issue: 1 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000008 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000008 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:1:p:86-90 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Setterfield Author-X-Name-First: Mark Author-X-Name-Last: Setterfield Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 90-93 Issue: 1 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000009 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000009 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:1:p:90-93 Template-Type: ReDIF-Article 1.0 Author-Name: Hans Jensen Author-X-Name-First: Hans Author-X-Name-Last: Jensen Title: Dead Economists as Inspirators of Living Social Economists Abstract: An attempt is made in this article to demonstrate that Alfred Marshall and John Maynard Keynes erected a number of signposts that point in the direction of a normative, institutional and policy-oriented social economics of labor. They opined that dysfunctioning institutions had thrown most members of the working class into an abyss of poverty. According to Marshall, poverty was caused by institutional neglect of education for the masses. Hence he recommended a drastic overhaul of those institutions that impinged on education. Keynes argued that the rentiers were the villains because they had intentionally reduced their funding of entrepreneurial investments. Consequently, investments dwindled and unemployment caused working-class poverty to rise above its customary levels. Keynes's solution was public investment in private enterprises, which he called socialization of investment. This would cause euthanasia of the anti-social rentiers. Because of their recommendations, Marshall and Keynes called themselves socialists. Journal: Review of Social Economy Pages: 119-135 Issue: 2 Volume: 56 Year: 1998 Keywords: Keynes, Marshall, signposts, superentrepreneurs, extended state, nuclear state, X-DOI: 10.1080/00346769800000015 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000015 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:2:p:119-135 Template-Type: ReDIF-Article 1.0 Author-Name: Geoff Hodgson Author-X-Name-First: Geoff Author-X-Name-Last: Hodgson Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 236-239 Issue: 2 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000024 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000024 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:2:p:236-239 Template-Type: ReDIF-Article 1.0 Author-Name: Samuel Cameron Author-X-Name-First: Samuel Author-X-Name-Last: Cameron Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 239-242 Issue: 2 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000025 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000025 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:2:p:239-242 Template-Type: ReDIF-Article 1.0 Author-Name: Edward O'Boyle Author-X-Name-First: Edward Author-X-Name-Last: O'Boyle Title: Ninth World Congress of Social Economics: an invitation to attend Abstract: Journal: Review of Social Economy Pages: 247-248 Issue: 2 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000026 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000026 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:2:p:247-248 Template-Type: ReDIF-Article 1.0 Author-Name: John Gowdy Author-X-Name-First: John Author-X-Name-Last: Gowdy Author-Name: Susan Mesner Author-X-Name-First: Susan Author-X-Name-Last: Mesner Title: The Evolution of Georgescu-Roegen's Bioeconomics Abstract: Georgescu-Roegen's work is usually divided into two categories, his earlier work on consumer and production theory and his later concern with entropy and bioeconomics beginning with his 1966 introductory essay to his collected theoretical papers published in the volume Analytical Economics. Most economists usually praise his earlier work on pure theory and ignore his later work which is highly critical of neoclassical economics. Those economists sympathetic to his later work usually take the position that he “saw the light” and gave up neoclassical theory some time in the 1960s to turn his attention to the issues of resource scarcity and social institutions. It is argued here that there is an unbroken path running from Georgescu's work in pure theory in the 1930s, 1940s, and 1950s, through his writings on peasant economies in the 1960s, leading to his preoccupation with entropy and bioeconomics in the last 25 years of his life. That common thread is his preoccupation with “valuation.” The choices our species makes about resource use and the distribution of economic output depends upon our valuation framework. Georgescu-Roegen's work begins in the 1930s with a critical examination of the difficulties with the hedonistic valuation framework of neoclassical economics, moves in the 1960s to the conflict between social and hedonistic valuation, and culminates in the 1970s and 1980s with his examination of the conflict between individual, social, and environmental values. This paper traces the evolution of Georgescu-Roegen's thought about valuation and the environmental and social policy recommendations which arise out of his bioeconomic framework. Journal: Review of Social Economy Pages: 136-156 Issue: 2 Volume: 56 Year: 1998 Keywords: agrarian economics, bioeconomics, entropy, Georgescu-Roegen, sustainability, utility theory, valuation, X-DOI: 10.1080/00346769800000016 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000016 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:2:p:136-156 Template-Type: ReDIF-Article 1.0 Author-Name: Diane Dewar Author-X-Name-First: Diane Author-X-Name-Last: Dewar Title: Allocating Organ Transplant Services: What Can Be Learned from the United States Experience? Abstract: Issues concerning organ procurement and transplantation in the United States are described and related to the Canadian health care environment. Although the United States has a national organ procurement system and national transplant guidelines are in place, many complications exist regarding the allocation of organ transplant services. Current proposals to increase organ donation are critiqued and new guidelines are proposed for the organ transplantation system. These guidelines help to protect the right of access to these health resources among the socially or economically disadvantaged. Given the similarities between the United States and Canada in terms of population demographics and medical treatment protocols, these guidelines are applicable to both countries in order to more appropriately blend economic and ethical criteria to allocate organ transplantation services more efficiently and effectively. Journal: Review of Social Economy Pages: 157-174 Issue: 2 Volume: 56 Year: 1998 Keywords: Medical technology, organ transplantation, United States, Canada, economics, equity, ethics, X-DOI: 10.1080/00346769800000017 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000017 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:2:p:157-174 Template-Type: ReDIF-Article 1.0 Author-Name: John Berdell Author-X-Name-First: John Author-X-Name-Last: Berdell Title: Adam Smith and the Ambiguity of Nations Abstract: What is the status of the nation state in Adam Smith's much celebrated intellectual system, the “Science of the Legislator”? This paper argues that it was historically transitory. Two aspects of Smith's treatment of states and international relations are examined. The first aspect concerns Smith's conception of the gains from international trade and openness. The second concerns his understanding of the dynamics of international conflict. These two aspects of Smith's conception of international relations go some way towards revealing the bases of his (skeptical) advocacy of a dramatic transformation of the British polity. Indeed, while the jurisprudential component of Smith's projected science of the legislator was never completed, surviving early lecture notes suggest that he regarded the nation-state as a transitional form: one that had already begun to need replacement in his day. Journal: Review of Social Economy Pages: 175-189 Issue: 2 Volume: 56 Year: 1998 Keywords: Adam Smith, nationalism, openness, X-DOI: 10.1080/00346769800000018 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000018 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:2:p:175-189 Template-Type: ReDIF-Article 1.0 Author-Name: Stephanie Seguino Author-X-Name-First: Stephanie Author-X-Name-Last: Seguino Author-Name: Sandra Butler Author-X-Name-First: Sandra Author-X-Name-Last: Butler Title: To Work or Not to Work: Is That the Right Question? Abstract: This paper applies thematic analysis to survey data obtained from a sample of AFDC recipients to investigate the complexities of single-parent decision-making in low-income households. A basic needs budget is developed to determine the adequacy of women's wages to provide for children's minimal material needs. In surveys, parents indicate their primary goal is the well-being of the children, determined by the adequacy of several types of resources, which we categorize into four groups: 1) material resources, 2) caring resources, 3) community resources, and 4) the macro-level environment. Using this framework, we develop a schematic model of single-parent decision-making, incorporating the assumption that children's level of need and well-being are determined not only by the cost and availability of material resources but also by psychological factors such as gender conflicts, neighborhood safety, as well as parents' time and social networks that provide caring labor. Journal: Review of Social Economy Pages: 190-219 Issue: 2 Volume: 56 Year: 1998 Keywords: single parents, basic needs, AFDC, gender, X-DOI: 10.1080/00346769800000019 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000019 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:2:p:190-219 Template-Type: ReDIF-Article 1.0 Author-Name: Gregory Dow Author-X-Name-First: Gregory Author-X-Name-Last: Dow Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 221-227 Issue: 2 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000020 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000020 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:2:p:221-227 Template-Type: ReDIF-Article 1.0 Author-Name: Ross Emmett Author-X-Name-First: Ross Author-X-Name-Last: Emmett Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 227-229 Issue: 2 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000021 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000021 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:2:p:227-229 Template-Type: ReDIF-Article 1.0 Author-Name: Paul Burkett Author-X-Name-First: Paul Author-X-Name-Last: Burkett Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 230-233 Issue: 2 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000022 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000022 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:2:p:230-233 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Prasch Author-X-Name-First: Robert Author-X-Name-Last: Prasch Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 234-236 Issue: 2 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000023 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000023 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:2:p:234-236 Template-Type: ReDIF-Article 1.0 Author-Name: Elba Brown-Collier Author-X-Name-First: Elba Author-X-Name-Last: Brown-Collier Title: Johnson's Great Society: Its Legacy in the 1990s Abstract: The collection of legislative actions proposed and negotiated by Johnson included many different programs. The goals, objectives and implementation strategies were not clearly defined. Over the past thirty years, the success and/or failure of these programs has been discussed with no consensus emerging. The historical record of expenditures both as a percentage of GDP and as a percentage of federal outlays, however, reveals a lasting impact of the “Great Society” legislation. Journal: Review of Social Economy Pages: 259-276 Issue: 3 Volume: 56 Year: 1998 Keywords: War on Poverty, Great Society, Lyndon B. Johnson, poverty programs, federal outlays, income distribution, X-DOI: 10.1080/00346769800000027 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000027 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:3:p:259-276 Template-Type: ReDIF-Article 1.0 Author-Name: Kishor Thanawala Author-X-Name-First: Kishor Author-X-Name-Last: Thanawala Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 377-378 Issue: 3 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000036 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000036 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:3:p:377-378 Template-Type: ReDIF-Article 1.0 Author-Name: Ross Emmett Author-X-Name-First: Ross Author-X-Name-Last: Emmett Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 379-381 Issue: 3 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000037 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000037 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:3:p:379-381 Template-Type: ReDIF-Article 1.0 Author-Name: SabineU. O'Hara Author-X-Name-First: SabineU. Author-X-Name-Last: O'Hara Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 381-386 Issue: 3 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000038 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000038 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:3:p:381-386 Template-Type: ReDIF-Article 1.0 Author-Name: John Hisnanick Author-X-Name-First: John Author-X-Name-Last: Hisnanick Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 386-389 Issue: 3 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000039 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000039 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:3:p:386-389 Template-Type: ReDIF-Article 1.0 Author-Name: Jouni Paavola Author-X-Name-First: Jouni Author-X-Name-Last: Paavola Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 389-393 Issue: 3 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000040 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000040 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:3:p:389-393 Template-Type: ReDIF-Article 1.0 Author-Name: Edward J. O' Boyle Author-X-Name-First: Edward J. O' Author-X-Name-Last: Boyle Title: Minutes of the General Membership Meeting Abstract: Journal: Review of Social Economy Pages: 395-398 Issue: 3 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000041 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000041 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:3:p:395-398 Template-Type: ReDIF-Article 1.0 Author-Name: Maxime Fougere Author-X-Name-First: Maxime Author-X-Name-Last: Fougere Author-Name: Giuseppe Ruggeri Author-X-Name-First: Giuseppe Author-X-Name-Last: Ruggeri Title: Flat Taxes and Distributional Justice Abstract: Income tax reform has become a hot topic in both the United States and Canada. Over the past few years, a variety of proposals have been advanced for the replacement of the current income tax system and most proposals involve a compression of the multi-rate structure into a single rate and a shift to some form of consumption tax base. Flat taxes are advocated on the belief that they will provide a strong stimulus to investment, employment and output. Their supporters are convinced that the economic benefits are sufficiently large to make everyone better off, therefore there is no need to be concerned about the distributional effects of flat taxes. However, the claims about potentially large efficiency gains from flat taxes are not supported by research. Evaluating the effects of a consumption-base flat tax of the type proposed by Hall and Rabushka is one of the main purposes of the paper. Using a microdata set for Canada, which allows identifying taxpayers by both income level and family type, we show that flat taxes not only increase income inequality but also have important horizontal equity implications. We argue that a full debate on income tax reform requires a detailed evaluation of both polar alternatives to the current hybrid income tax: a move to a consumption base and a move to a comprehensive income tax. Toward that end, we have performed a simulation which estimates the distributional effects of a comprehensive income base with across the board rate reductions in order to maintain revenue-neutrality. We show that this option has advantages over the consumption-base flat tax in terms of both vertical and horizontal equity. Journal: Review of Social Economy Pages: 277-294 Issue: 3 Volume: 56 Year: 1998 Keywords: income tax reform, flat taxes, equity, X-DOI: 10.1080/00346769800000028 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000028 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:3:p:277-294 Template-Type: ReDIF-Article 1.0 Author-Name: Geoffrey Hodgson Author-X-Name-First: Geoffrey Author-X-Name-Last: Hodgson Title: A Reply to Howard Sherman Abstract: In the Spring 1998 (56(1): 47-58) issue of this journal, Howard Sherman criticized the alleged methodological individualism and critique of Marxism by Geoffrey Hodgson. This reply denies that Hodgson is a methodological individualist and defends his Veblenian criticism of Marx. It is also contended that Marx was not a Darwinian and did not incorporate essential Darwinian ideas in his thinking. Journal: Review of Social Economy Pages: 295-306 Issue: 3 Volume: 56 Year: 1998 Keywords: Marxism, Darwinism, Veblen, X-DOI: 10.1080/00346769800000029 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000029 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:3:p:295-306 Template-Type: ReDIF-Article 1.0 Author-Name: Howard Sherman Author-X-Name-First: Howard Author-X-Name-Last: Sherman Title: Rejoinder to Hodgson Abstract: Hodgson's critiques of Marxism are irrelevant to most contemporary Marxists because they are not economic reductionists, do not believe in just two classes locked in continuous battle, and do not have a teleological view of history. Hodgson's biological metaphor is very useful for the Marxist view of social evolution as a set of relevant questions to be asked. Journal: Review of Social Economy Pages: 307-310 Issue: 3 Volume: 56 Year: 1998 Keywords: evolution, institutionalism, Marxism, X-DOI: 10.1080/00346769800000030 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000030 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:3:p:307-310 Template-Type: ReDIF-Article 1.0 Author-Name: Zohreh Emami Author-X-Name-First: Zohreh Author-X-Name-Last: Emami Author-Name: Timothy Riordan Author-X-Name-First: Timothy Author-X-Name-Last: Riordan Title: Tony Lawson on Critical Realism: What's Teaching Got to Do with It? Abstract: In this article we explore the implications of Tony Lawson's critical realism for teaching. Rather than offering a critique of Lawson's perspective, we use his ideas as they appear to relate to our experience as educators in our respective disciplines. In this sense we hope to suggest a way of integrating disciplinary scholarship and reflection on teaching. Therefore, we emphasize the aspects of Lawson's work which are most meaningful to us, namely his attempt to develop a combination of epistemological relativism and ontological realism and his emphasis on the relationship between social structure and human agency. Journal: Review of Social Economy Pages: 311-323 Issue: 3 Volume: 56 Year: 1998 Keywords: Lawson, transcendental realism, critical realism, social structure, human agency, teaching, X-DOI: 10.1080/00346769800000031 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000031 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:3:p:311-323 Template-Type: ReDIF-Article 1.0 Author-Name: Roy Rotheim Author-X-Name-First: Roy Author-X-Name-Last: Rotheim Title: On Closed Systems and the Language of Economic Discourse Abstract: This article addresses a few of the major points identified by Tony Lawson in his book Reality and Economics(Routledge 1997). Traditional economic models are profoundly closed, emanating from reasoning processes that are both deductivist and positivist by nature. Here, individuals are prescribed to behave according to mechanical, socially abstracted fashions that, in fact, belie any semblance of real human choice. Moreover, as Lawson observes, relationality in these models is strictly external, in that the natures of individuals are not affected by their participation in market activity. Under these conditions, models can be easily constructed by which markets yield unique equilibrium outcomes, whereby the constancy of the conjunctions of events yield law-like economic assertions. Instead, Lawson embraces a critical realist perspective that posits human behavior to be both structured and internallyrelational, i.e., where interactions with others can affect the very natures of those individuals. As such, human relations can be temporally situated in the context of structured social contracts, while still embodying the organic elements from which those agents and structures can be reproduced and transformed. From these principles, this essay explores some recent work in Keynesian and Post Keynesian thought. In addition, this critical realist framework considers some developments in New Keynesian Economics and Endogenous Growth Theory. Journal: Review of Social Economy Pages: 324-334 Issue: 3 Volume: 56 Year: 1998 Keywords: critical realism, Post and New Keynesian economics, endogenous, growth theory, X-DOI: 10.1080/00346769800000032 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000032 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:3:p:324-334 Template-Type: ReDIF-Article 1.0 Author-Name: Alex Viskovatoff Author-X-Name-First: Alex Author-X-Name-Last: Viskovatoff Title: Is Gerard Debreu a Deductivist? Commentary on Tony Lawson's Economics and Reality Abstract: Tony Lawson has argued that the methodology of neoclassical economics is deductivist: in constructing their formal models, economists hope to be able to provide explanations based on laws, as described by the deductive-nomological model of explanation. This article argues in contrast that neoclassical economics cannot be understood as following just one methodology. It is argued that neoclassicism exhibits two methodologies, one “official” and one tacit. The former is empiricist, and corresponds to the practice that has been described by Lawson. The latter, which can be called “hypothetico-deductive rationalism”, amounts to the position that knowledge of the world can be obtained without any empirical verification of one's assumptions, simply by exploring the implications of the assumptions one makes. Journal: Review of Social Economy Pages: 335-346 Issue: 3 Volume: 56 Year: 1998 Keywords: Deductivism, formalism, rationalism, models, economic theory, X-DOI: 10.1080/00346769800000033 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000033 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:3:p:335-346 Template-Type: ReDIF-Article 1.0 Author-Name: Allin Cottrell Author-X-Name-First: Allin Author-X-Name-Last: Cottrell Title: Realism, Regularities, and Prediction Abstract: Problems are identified with the transcendental argument that Lawson uses to make a case for realism in economics: this argument relies heavily upon an unproblematized conception of Free Will. Lawson's substantive conclusions are not vitiated, but the argument presented here suggests that he underestimates the role of regularities and prediction in economics. Journal: Review of Social Economy Pages: 347-355 Issue: 3 Volume: 56 Year: 1998 Keywords: scientific realism, economics, prediction, X-DOI: 10.1080/00346769800000034 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000034 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:3:p:347-355 Template-Type: ReDIF-Article 1.0 Author-Name: Deborah Figart Author-X-Name-First: Deborah Author-X-Name-Last: Figart Author-Name: Lonnie Golden Author-X-Name-First: Lonnie Author-X-Name-Last: Golden Title: The Social Economics of Work Time: Introduction Abstract: How do social economists conceptualize and analyze time, particularly time spent in paid employment? In this symposium regarding this quite “timely”" issue, it is evident that social economics views work time as something more than its presentation in neoclassical economics. For neoclassical economists, time is a scarce resource that, when commodified as labor, serves as a factor of production and means to the end of consumption for optimizing firms, individuals, and families. It is also more than the radical political economics understanding of time as the yardstick measuring the value created by labor. Instead, time spent on the job is all at once a source of income, personal identity, and relative status within society, the workplace and household, and a constraint on individuals' ability to pursue self-directed activities and social reproduction. Work time is determined within a complex web of evolving culture and social relations, as well as traditionally conceived market, technological, and macroeconomic forces and institutions such as collective bargaining and government policy. Journal: Review of Social Economy Pages: 411-424 Issue: 4 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000042 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000042 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:4:p:411-424 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Drago Author-X-Name-First: Robert Author-X-Name-Last: Drago Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 551-554 Issue: 4 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000051 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000051 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:4:p:551-554 Template-Type: ReDIF-Article 1.0 Author-Name: David George Author-X-Name-First: David Author-X-Name-Last: George Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 554-557 Issue: 4 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000052 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000052 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:4:p:554-557 Template-Type: ReDIF-Article 1.0 Author-Name: Cathleen Zick Author-X-Name-First: Cathleen Author-X-Name-Last: Zick Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 557-560 Issue: 4 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000053 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000053 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:4:p:557-560 Template-Type: ReDIF-Article 1.0 Author-Name: Laura Leete Author-X-Name-First: Laura Author-X-Name-Last: Leete Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 560-562 Issue: 4 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000054 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000054 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:4:p:560-562 Template-Type: ReDIF-Article 1.0 Author-Name: Kea Tijdens Author-X-Name-First: Kea Author-X-Name-Last: Tijdens Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 562-566 Issue: 4 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000055 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000055 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:4:p:562-566 Template-Type: ReDIF-Article 1.0 Author-Name: Barry Bluestone Author-X-Name-First: Barry Author-X-Name-Last: Bluestone Author-Name: Stephen Rose Author-X-Name-First: Stephen Author-X-Name-Last: Rose Title: The Macroeconomics of Work Time Abstract: In this paper we demonstrate that because of stagnating wages and rising job insecurity, there has been a change in the labor supply regime in the U.S. macroeconomy since the 1970s. There is now greater labor supply at any given officially measured unemployment rate. This induced growth in the quantity of labor effort is coming from experienced, incumbent workers and therefore does not show up in the official unemployment rate. While this may diminish family and community life, the increased aggregate labor supply means rising aggregate demand is being absorbed even at unemployment rates of less than 5 percent without sparking inflationary pressures. Because of this upward structural trend in weekly hours, monetary policy authorities must now recognize that standard jobless measures have become a misleading gauge of available labor. Journal: Review of Social Economy Pages: 425-441 Issue: 4 Volume: 56 Year: 1998 Keywords: labor supply, working time, monetary policy, job insecurity, job instability, X-DOI: 10.1080/00346769800000043 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000043 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:4:p:425-441 Template-Type: ReDIF-Article 1.0 Author-Name: Jerry Jacobs Author-X-Name-First: Jerry Author-X-Name-Last: Jacobs Author-Name: Kathleen Green Author-X-Name-First: Kathleen Author-X-Name-Last: Green Title: Who Are the Overworked Americans? Abstract: This paper analyzes three trends in working time in the United States over the last thirty years. First, we document an increasing bifurcation of working time, with growth evident among those working both long and short hours. An international comparison also shows that the United States stands out as having among the highest percentage of workers putting in 50 hours per week or more. Second, we argue that there is a mismatch between working time and the preferences of American workers. On average, those working very long hours express a desire to work less, while those working short hours prefer to work more. Third, we maintain that the sense of being overworked stems primarily from demographic shifts in the labor force rather than from changes in average working time per se. Even in the absence of a dramatic rise in time spent on the job, the growth in the proportion of American households consisting of dual-earner couples and single parents has created a growing percentage of workers who face heightened time pressures and increased conflicts between work and their private lives. Journal: Review of Social Economy Pages: 442-459 Issue: 4 Volume: 56 Year: 1998 Keywords: working time, work-family conflict, over work, under work, dualearners, time famine, X-DOI: 10.1080/00346769800000044 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000044 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:4:p:442-459 Template-Type: ReDIF-Article 1.0 Author-Name: Deborah Figart Author-X-Name-First: Deborah Author-X-Name-Last: Figart Author-Name: Ellen Mutari Author-X-Name-First: Ellen Author-X-Name-Last: Mutari Title: Degendering Work Time in Comparative Perspective: Alternative Policy Frameworks Abstract: Policy initiatives providing for alternative working time arrangements as well as a shortened standard work week have become prevalent in recent years, especially among the highly industrialized countries of northern Europe. We find that despite institutional differences, Germany, France, and Sweden have adopted policies that explicitly or implicitly contribute to the gendering of work time. Increasingly, what differentiates gender roles is not whetherindividuals have a job, but the amount of timespent in paid employment. The expansion of overtime for men and part-time jobs for women reinforces the skewed division of domestic labor and occupational segregation. European unions are acquiescing to work reorganization policies that promote the expansion of both part-time and overtime as long as these policies are coupled with measures facilitating work redistribution to save jobs. Broader visions of work reduction as a means to gender equity have been shunted to the background. Journal: Review of Social Economy Pages: 460-480 Issue: 4 Volume: 56 Year: 1998 Keywords: work time, European Union, women's employment, part-time work, flexibility, labor market policy, X-DOI: 10.1080/00346769800000045 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000045 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:4:p:460-480 Template-Type: ReDIF-Article 1.0 Author-Name: Linda Bell Author-X-Name-First: Linda Author-X-Name-Last: Bell Title: Differences in Work Hours and Hours Preferences by Race in the U.S. Abstract: Significant differences exist in actual and preferred work hours by race. Specifically, black males work 20 percent fewer annual hours than white males. The differences between black and white women are small. Black workers are significantly more likely than white workers to prefer additional work and fewer are satisfied with their current hours of work. I use the hours-inequality hypothesis of Bell and Freeman (1995,1997) to evaluate the extent to which race differences in work hours and hours preferences are related to race differences in incentives. I demonstrate that whereas white workers work longer hours in response to overall wage variation in their relevant labor market cell, black workers react to the wage variation among black workers but not to the variation overall. The fact that labor market incentives are different for otherwise similar black and white workers is difficult to reconcile with standard competitive theory. Journal: Review of Social Economy Pages: 481-500 Issue: 4 Volume: 56 Year: 1998 Keywords: work hours, labor supply, race differences, wage inequality, hours preferences, X-DOI: 10.1080/00346769800000046 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000046 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:4:p:481-500 Template-Type: ReDIF-Article 1.0 Author-Name: Julia Heath Author-X-Name-First: Julia Author-X-Name-Last: Heath Author-Name: David Ciscel Author-X-Name-First: David Author-X-Name-Last: Ciscel Author-Name: David Sharp Author-X-Name-First: David Author-X-Name-Last: Sharp Title: The Work of Families: The Provision of Market and Household labor and the Role of Public Policy Abstract: This paper examines the ability of the family to perform both its economic and institutional functions in today's economy. We argue that individual and family choice with respect to paid and unpaid labor is severely limited. This lack of alternatives in work is generated by three social forces that shape the economic landscape: (1) a tradition rooted in patriarchy; (2) the market system; and (3) the social policies of the state. We create a framework within which the work of families can be analyzed over the past two decades. The analysis is based on data from three waves of the PSID: 1972, 1983, and 1992. Three family types—dual-earner, male-earner, and female-earner family structures—are examined for the nature and intensity of the work effort, the change in labor commitment over time, changes in real income and hourly earnings, and the effect of the increasing encroachment of the market on the family's distribution of labor between the two spheres. Finally, the work of families is examined within the context of the social policies of government, including a review of the institutional difficulties of providing family friendly policies in the current social environment. Journal: Review of Social Economy Pages: 501-521 Issue: 4 Volume: 56 Year: 1998 Keywords: work of families, paid and unpaid work, social capital, family wage, work hours, family policy, X-DOI: 10.1080/00346769800000047 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000047 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:4:p:501-521 Template-Type: ReDIF-Article 1.0 Author-Name: Lonnie Golden Author-X-Name-First: Lonnie Author-X-Name-Last: Golden Title: Working Time and the Impact of Policy Institutions: Reforming the Overtime Hours Law and Regulation Abstract: This paper analyzes implications for worker well-being if legislation in the U.S. Congress is passed permitting employers and non-supervisory employees who agree to substitute future compensatory time off in lieu of premium pay for overtime work, calculated over an 80-hour two-week standard. The impact on worker welfare is predicted applying augmented worker utility and employer demand for hours functions. Plausible inter-temporal scenarios suggest that unless workers gain more control over the timing of their overtime and comp time hours, they are likely to experience a net loss in welfare. This will occur to the extent employers use the new overtime regulation to vary work hours and schedules more closely with fluctuations in output demand as opposed to better customizing work hours to fit workers' needs to balance work with competing demands on their time, that is, adopting a short rather than longer-run time horizon regarding the restraint of labor costs. Alternative policies are more likely to raise welfare. Journal: Review of Social Economy Pages: 522-541 Issue: 4 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000048 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000048 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:4:p:522-541 Template-Type: ReDIF-Article 1.0 Author-Name: Ellen Mutari Author-X-Name-First: Ellen Author-X-Name-Last: Mutari Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 543-546 Issue: 4 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000049 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000049 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:4:p:543-546 Template-Type: ReDIF-Article 1.0 Author-Name: Thomas Palley Author-X-Name-First: Thomas Author-X-Name-Last: Palley Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 546-550 Issue: 4 Volume: 56 Year: 1998 X-DOI: 10.1080/00346769800000050 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769800000050 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:56:y:1998:i:4:p:546-550 Template-Type: ReDIF-Article 1.0 Author-Name: Lanse Minkler Author-X-Name-First: Lanse Author-X-Name-Last: Minkler Title: The Problem with Utility: Toward a Non-Consequentialist/Utility Theory Synthesis Abstract: I develop the argument that our current decision-making framework, utility theory, when used by itself, is 1) descriptively incomplete, 2) theoretically flawed, and 3) ethically questionable. In response, I offer an exploratory framework that incorporates both consequentialist and non-consequentialist motivations. Adding a commitment function provides a synthesis which remedies the problems associated with the sole use of utility theory. Finally, I show how philosophers Immanuel Kant, W.D. Ross, and Martin Buber provide an ethical basis for the framework. Journal: Review of Social Economy Pages: 4-24 Issue: 1 Volume: 57 Year: 1999 Keywords: Utility, commitment, duty, consequentialism, non-consequentialism, ethics, X-DOI: 10.1080/00346769900000024 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000024 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:1:p:4-24 Template-Type: ReDIF-Article 1.0 Author-Name: Severyn Bruyn Author-X-Name-First: Severyn Author-X-Name-Last: Bruyn Title: The Moral Economy Abstract: Scottish philosophers in the eighteenth century interpreted the market economy as a “civil society,” a path toward freedom and a new morality, separate from monarchal government. They expected markets to be self regulating and expected them to function with ties to a moral life. The market was a civil order, but that vision was destroyed when corporations rose to power in succeeding centuries, and governments were enlarged to regulate markets. Today we see a concern about big corporations and government bureaucracy, and a return to the idea of a “civil society.” This article proposes that today's vision of “civil society” is advanced by an economy that returns to its principles of self (civil) regulation. Markets become civil and self regulating when government, business, and nonprofits cooperate to create systems of social accountability for the common good. A self-regulating market is constructed experimentally through civil associations with self-enforceable codes of conduct, civic-oriented partnerships, legislation, banking, investments, and corporations whose policies are based on stakeholder studies that reduce moral and financial costs. Modest steps toward a self-regulating economy offers a foundation for today's version of a “civil society.” Journal: Review of Social Economy Pages: 25-46 Issue: 1 Volume: 57 Year: 1999 Keywords: civil society, self regulation, civil markets, common goods, countervailing powers, social inventions, stakeholder theory, X-DOI: 10.1080/00346769900000025 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000025 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:1:p:25-46 Template-Type: ReDIF-Article 1.0 Author-Name: Milan Zafirovski Author-X-Name-First: Milan Author-X-Name-Last: Zafirovski Title: Profit-Making as Social Action: an Alternative Social-economic Perspective Abstract: This article reconsiders the status of profit-making in neoclassical economics. This reconsideration is based on a social-economic perspective as distinguished from the “pure” economic approach used by neoclassical theory. This paper argues that this perspective is more adequate, since it endeavors to do justice to the complexity of the phenomenon. While the economic approach views profit-making as a purely economic activity insulated from the social framework, the social-economic sees it as an "ideal type" of social action and thus situates it within this framework. In contrast to the former approach that treats profit-making as driven exclusively by rational factors, the latter conceptualizes it as being induced by a myriad of variables, rational and non-rational ones. The paper elaborates these differences between the two approaches. Journal: Review of Social Economy Pages: 47-83 Issue: 1 Volume: 57 Year: 1999 Keywords: Profit-making, social-economic, social action, neoclassical, rational, X-DOI: 10.1080/00346769900000026 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000026 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:1:p:47-83 Template-Type: ReDIF-Article 1.0 Author-Name: William Dugger Author-X-Name-First: William Author-X-Name-Last: Dugger Title: Old Age is an Institution Abstract: Corporations institutionalize managerial and professional positions in a hierarchical pyramid in which many young professionals begin work at a lower and wider level of the pyramid where positions are numerous. However, as the professionals start climbing up the pyramid in their careers, the number of positions rapidly declines at higher levels. The pyramid gets narrower as the professionals climb up into fewer and fewer positions. Since they usually either move up or out in their career climb, as the young professionals begin aging, more and more of them are forced out to look for jobs elsewhere or eventually, to retire. This article develops a simple model that shows how this particular way of organizing work results in premature retirement and aging for many workers. Alternative ways of organizing work are discussed in which premature aging and retirement do not take place. Furthermore, a number of implications are explored and various projections made all of which show that the so-called future crisis in the Social Security and Medicare Systems in the United States is exaggerated. If reform is really needed, what is called for is adjustment in the way work is organized, not abandonment of security for the elderly. Journal: Review of Social Economy Pages: 84-98 Issue: 1 Volume: 57 Year: 1999 Keywords: Corporate hierarchy, Social security, Old age, Retirement, X-DOI: 10.1080/00346769900000027 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000027 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:1:p:84-98 Template-Type: ReDIF-Article 1.0 Author-Name: John Cameron Author-X-Name-First: John Author-X-Name-Last: Cameron Author-Name: Tidings Ndhlovu Author-X-Name-First: Tidings Author-X-Name-Last: Ndhlovu Title: Keynes and the Distribution of Uncertainty: Lessons from the Lancashire Cotton Spinning Industry and the General Theory Abstract: This paper attempts to demonstrate that Keynes's practical writings on the crisis in the Lancashire cotton spinning industry in the 1920s were consistent with the 1930s theoretical conceptualisation of user costs in the General Theory. It is suggested that the key (common) link between these analyses is Keynes's concern with how uncertainty is distributed, in specific historical circumstances, between institutions at the levels of the firm, industry, the industry-financial institution interface, and the local and global economies. It is this concern which still has important, if not more, research and policy relevance today. Journal: Review of Social Economy Pages: 99-123 Issue: 1 Volume: 57 Year: 1999 Keywords: General theory, Institutional, Keynes, Lancashire cotton industry, Uncertainty, User costs, X-DOI: 10.1080/00346769900000028 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000028 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:1:p:99-123 Template-Type: ReDIF-Article 1.0 Author-Name: John Gowdy Author-X-Name-First: John Author-X-Name-Last: Gowdy Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 124-127 Issue: 1 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000029 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000029 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:1:p:124-127 Template-Type: ReDIF-Article 1.0 Author-Name: Mario Seccareccia Author-X-Name-First: Mario Author-X-Name-Last: Seccareccia Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 127-131 Issue: 1 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000030 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000030 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:1:p:127-131 Template-Type: ReDIF-Article 1.0 Author-Name: Edward O'Boyle Author-X-Name-First: Edward Author-X-Name-Last: O'Boyle Title: Minutes of the Executive Council Meeting Association for Social Economics July 24,1998 Abstract: Journal: Review of Social Economy Pages: 134-137 Issue: 1 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000031 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000031 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:1:p:134-137 Template-Type: ReDIF-Article 1.0 Author-Name: Mary Hampton Author-X-Name-First: Mary Author-X-Name-Last: Hampton Author-Name: John Heywood Author-X-Name-First: John Author-X-Name-Last: Heywood Title: The Determinants of Perceived Underpayment: The Role of Racial Comparisons Abstract: Using a sample of young employed physicians, the determinants of perceived underpayment are examined for both white and minority workers. The examination confirms the importance of earnings comparisons within racial groups but also finds a substantial role for comparisons between racial groups. Workers apparently perceive racial earnings differences (as measured by economists) and build them into an assessment of the fairness of their labor market treatment. This finding emerges for both whites and minorities and occurs in a sample in which the pattern of earnings indicates a modest minority earnings premium. Journal: Review of Social Economy Pages: 141-155 Issue: 2 Volume: 57 Year: 1999 Keywords: comparison income, perceived underpayment, measured discrimination, young physicians, X-DOI: 10.1080/00346769900000032 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000032 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:2:p:141-155 Template-Type: ReDIF-Article 1.0 Author-Name: John Tiemstra Author-X-Name-First: John Author-X-Name-Last: Tiemstra Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 256-258 Issue: 2 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000042 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000042 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:2:p:256-258 Template-Type: ReDIF-Article 1.0 Author-Name: Ralph Allen Author-X-Name-First: Ralph Author-X-Name-Last: Allen Author-Name: Jack Stone Author-X-Name-First: Jack Author-X-Name-Last: Stone Title: Market and Public Policy Mechanisms in Poverty Reduction: The Differential Effects on Poverty Crime Abstract: This paper reports the results of an empirical test of the hypothesis that three mechanisms of poverty reduction-improved market opportunities, government cash transfer payments, and government in-kind transfer payments have differential impacts on the relative return to legal and illegal activity and, in turn, on the rate of property crime. In addition, the paper reports empirical tests of the hypothesis that these differential impacts of market and government policy mechanisms vary by type of property crime. Employing measures of each of these mechanisms, time series models for Burglary, Auto Theft, and Robbery are estimated from yearly, national, Uniform Crime Report (UCR) data for the period 1959 through 1995. The results indicate that poverty reductions due to improved market conditions have similar impacts on each type of property crime. However, the direction and magnitude of the impact of different government policy mechanisms varies between and within particular types of crimes. The paper concludes with an application of these findings to recent legislation, The Temporary Assistance for Needy Families Act (TANF), which overhauled the federal public assistance program. Journal: Review of Social Economy Pages: 156-173 Issue: 2 Volume: 57 Year: 1999 Keywords: Property crime, proverty, public policy, TANE in-kind transfers, cash transfers, X-DOI: 10.1080/00346769900000033 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000033 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:2:p:156-173 Template-Type: ReDIF-Article 1.0 Author-Name: Philip Arestis Author-X-Name-First: Philip Author-X-Name-Last: Arestis Title: Introduction Abstract: Journal: Review of Social Economy Pages: 174-176 Issue: 2 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000034 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000034 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:2:p:174-176 Template-Type: ReDIF-Article 1.0 Author-Name: Bruce Pietrykowski Author-X-Name-First: Bruce Author-X-Name-Last: Pietrykowski Title: Beyond the Fordist/Post-Fordist Dichotomy: Working Through The Second Industrial Divide Abstract: The publication of The Second Industrial Dividehelped to initiate a sustained inquiry into the transformation of work under industrial capitalism in the late twentieth century. The argument that the breakdown of Fordist mass production ushered in a new production paradigm in the shape of flexible systems of work organization is reexamined. The dominant role of high-volume mass production and its craft-based counterpart can continue to coexist well into the future. Nevertheless, current income and employment trends appear to disadvantage the traditional blue-collar Fordist worker and industrial unions. The cause of these trends may not, however, be directly linked to skills associated with computer technology. Finally, the type of flexibility most closely associated with the work of Piore and Sabel—flexible specialization—is discussed. It is argued that flexible specialization within industrial districts that (a) foster the development of socially informed economic action and (b) constrain competitive behavior may form the basis for the creation of different employment opportunities that challenge the dominant logic of capitalist development through which flexible employment strategies are used in tandem with corporate downsizing and increased managerial control. Journal: Review of Social Economy Pages: 177-198 Issue: 2 Volume: 57 Year: 1999 Keywords: Fordism, flexible specialization, industrial district, work organization, employment, skill, X-DOI: 10.1080/00346769900000035 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000035 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:2:p:177-198 Template-Type: ReDIF-Article 1.0 Author-Name: M. G. Marshall Author-X-Name-First: M. G. Author-X-Name-Last: Marshall Title: Flexible Specialization, Supply-Side Institutionalism, and the Nature of Work Systems Abstract: Alongside neo-classical supply-side analysis, there was the emergence in the 1980s of a new strand of anlysis seeking to develop a social-institutional perspective on the supply-side of modern industrial economies. This paper contrasts the views of labor market 'flexibility' provided by neo-classical analysts and supporters of deregulation with those of the Flexible Specialization and Diversified Quality Production theorists and assesses the strengths and weaknesses of Flexible Specialization in comparison to its main 'institutionalist' rival. It concludes that the anlysis of 'supply-side institutionalism' and the evidence provided by important empirically based studies, suggests that public policy directed towards: optimizing job training, promoting employee participation and inter-firm co-operation, and restricting the ability of firms to indulge in short-termism will be most productive in promoting the cause of socially progressive industrial production and 'goodwork'. Journal: Review of Social Economy Pages: 199-219 Issue: 2 Volume: 57 Year: 1999 Keywords: Flexible specialization, diversified quality production, supply-side institutionalism, works systems, labor market flexibility, quality of work, X-DOI: 10.1080/00346769900000036 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000036 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:2:p:199-219 Template-Type: ReDIF-Article 1.0 Author-Name: Pascal Petit Author-X-Name-First: Pascal Author-X-Name-Last: Petit Title: Structural Forms and Growth Regimes of the Post-Fordist Era Abstract: A theoretical anlysis of contemporary institutional changes in the developed economies is attempted in order to characterize what a post fordist growth regime could be. One starts to recall some stylized facts about the present growth regime, i.e. about the contemporary dynamics of productivity on one side and of demand formation on the other side. We then discuss the main theoretical tools provided by the Regulation theory to analyse the institutional nexus which frames the growth regimes. The analytical framework of institutional change that we derive insist on the predominance at each period of one of the five structural forms that are distinguished by the Regulation School. As did the dynamics of institutional changes with the wage labor relationships in the previous period, today's evolutions of the forms of competition (broadly taken) condition all institutional changes. This gives us a general grid to define the features of a post Fordist regime. Still differences in history and structures leave room for sizeable differentiation in the national trajectories of the developed economies, all the more so that competition between nation States much prevent them to launch the structural policies that would be relevant with the new regime. Journal: Review of Social Economy Pages: 220-243 Issue: 2 Volume: 57 Year: 1999 Keywords: Institutional change, economic growth, regulation theory, growth regimes, post Fordism, X-DOI: 10.1080/00346769900000037 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000037 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:2:p:220-243 Template-Type: ReDIF-Article 1.0 Author-Name: Judy Klein Author-X-Name-First: Judy Author-X-Name-Last: Klein Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 244-247 Issue: 2 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000038 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000038 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:2:p:244-247 Template-Type: ReDIF-Article 1.0 Author-Name: Wilfred Dolfsma Author-X-Name-First: Wilfred Author-X-Name-Last: Dolfsma Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 247-249 Issue: 2 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000039 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000039 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:2:p:247-249 Template-Type: ReDIF-Article 1.0 Author-Name: Christine Rider Author-X-Name-First: Christine Author-X-Name-Last: Rider Title: Art, Ethics, and Economics Abstract: A comparison of the neoclassical and the social economics paradigms, showing that the explicit inclusion of values enhances the explanatory value of social economics. This is illustrated by using literary examples to explain the difficulty the competitive model has in providing analyses and solutions for modern problems of product safety, natural resource overexploitation, urban congestion, and stakeholder rights. Journal: Review of Social Economy Pages: 263-277 Issue: 3 Volume: 57 Year: 1999 Keywords: Social economics, neoclassical economics, globalization, economic paradigms, competitive model, methodology, values, non-mainstream economics, moral hazard, whistleblower, privatization, congestion, pollution, corporate governance, X-DOI: 10.1080/00346769900000001 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000001 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:3:p:263-277 Template-Type: ReDIF-Article 1.0 Author-Name: John Heywood Author-X-Name-First: John Author-X-Name-Last: Heywood Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 403-405 Issue: 3 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000010 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000010 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:3:p:403-405 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Setterfield Author-X-Name-First: Mark Author-X-Name-Last: Setterfield Title: Book Review Abstract: Journal: Review of Social Economy Pages: 405-410 Issue: 3 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000011 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000011 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:3:p:405-410 Template-Type: ReDIF-Article 1.0 Author-Name: Patrick Primeaux Author-X-Name-First: Patrick Author-X-Name-Last: Primeaux Title: Book Review Abstract: Journal: Review of Social Economy Pages: 410-412 Issue: 3 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000012 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000012 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:3:p:410-412 Template-Type: ReDIF-Article 1.0 Author-Name: John Connor Author-X-Name-First: John Author-X-Name-Last: Connor Title: A Task for Economists Abstract: Journal: Review of Social Economy Pages: 278-280 Issue: 3 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000002 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000002 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:3:p:278-280 Template-Type: ReDIF-Article 1.0 Author-Name: Edward O'Boyle Author-X-Name-First: Edward Author-X-Name-Last: O'Boyle Title: Toward an Improved Definition of Poverty Abstract: This essay attempts to show that there is a satisfactory resolution to the long-standing controversy as to the whether poverty is measured strictly in terms of a minimal-living (or absolute) standard or an income-distribution (or relative) standard, a resolution which is based on the duality of human nature. Indeed such a two-dimensional definition of poverty already is in place in Ireland—the first place (it seems) to actually sort out this controversial matter. In that sense, this author's principal concern is with the fourthquestion raised by this symposium: “What assumptions and definitions underlie your estimates which you believe to be especially important?” This essay is relatively short in length in order to present its central message more forcefully: substantial improvement in the way poverty is officially defined and measured is possible if more careful consideration is given to the reason why poverty is two-dimensional. An Appendix on how poverty is defined and measured in Ireland is attached because the arguments presented in the discourse there are relevant to the discourse on poverty in the United States. Journal: Review of Social Economy Pages: 281-301 Issue: 3 Volume: 57 Year: 1999 Keywords: Absolute poverty, Relative poverty, X-DOI: 10.1080/00346769900000003 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000003 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:3:p:281-301 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Rector Author-X-Name-First: Robert Author-X-Name-Last: Rector Author-Name: Kirk Johnson Author-X-Name-First: Kirk Author-X-Name-Last: Johnson Author-Name: Sarah Youssef Author-X-Name-First: Sarah Author-X-Name-Last: Youssef Title: Response to Edward O'Boyle Article Abstract: Journal: Review of Social Economy Pages: 302-305 Issue: 3 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000004 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000004 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:3:p:302-305 Template-Type: ReDIF-Article 1.0 Author-Name: John Bishop Author-X-Name-First: John Author-X-Name-Last: Bishop Author-Name: John Formby Author-X-Name-First: John Author-X-Name-Last: Formby Author-Name: Buhong Zheng Author-X-Name-First: Buhong Author-X-Name-Last: Zheng Title: Distribution Sensitive Measures of Poverty in the United States Abstract: This paper develops and applies new measures of poverty that overcome a number of specific methodological flaws in the official US poverty statistics. Sen's distribution sensitive index of poverty and each of its components are estimated at several distinct poverty thresholds for the period 1961-1996. Distribution sensitive measures of urban poverty are corrected for interarea differences in the cost of living and for comprehensive incomes. Recently developed statistical inference procedures are applied. Official poverty statistics are shown to be seriously misleading in some time periods and the choice of a poverty line affects conclusions concerning changes in poverty. Journal: Review of Social Economy Pages: 306-343 Issue: 3 Volume: 57 Year: 1999 Keywords: poverty, distribution sensitive, time series, urban areas, X-DOI: 10.1080/00346769900000005 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000005 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:3:p:306-343 Template-Type: ReDIF-Article 1.0 Author-Name: Edward O'Boyle Author-X-Name-First: Edward Author-X-Name-Last: O'Boyle Title: Distribution Sensitive Measures Of Poverty In The United States: Comment Abstract: Journal: Review of Social Economy Pages: 344-350 Issue: 3 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000006 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000006 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:3:p:344-350 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Rector Author-X-Name-First: Robert Author-X-Name-Last: Rector Author-Name: Kirk Johnson Author-X-Name-First: Kirk Author-X-Name-Last: Johnson Author-Name: Sarah Youssef Author-X-Name-First: Sarah Author-X-Name-Last: Youssef Title: The Extent of Material Hardship and Poverty in the United States Abstract: The Census Bureau has estimated the nation's annual poverty rate since 1963 using data from the Bureau's Current Population Survey (CPS) conducted in March of each year. Census deems a household “poor” if annual income falls below specified income thresholds. There are two problems with this methodology. First, the Current Population Survey dramatically undercounts household economic resources. Second, the fact that household income falls below a specific level reveals little about the nature of material deprivation within the household. This paper will take an alternative approach to assessing poverty: examining the material living conditions of low-income Americans. Using data from various government surveys this paper examines ownership of property and consumer durables; housing space, and housing conditions; food and nutriment consumption; and the height, thinness and obesity of low-income persons. Finally, we attempt an overall assessment of material deprivation based on material living conditions. Journal: Review of Social Economy Pages: 351-387 Issue: 3 Volume: 57 Year: 1999 Keywords: poverty, living conditions, housing, hunger, income, malnutrition, X-DOI: 10.1080/00346769900000007 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000007 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:3:p:351-387 Template-Type: ReDIF-Article 1.0 Author-Name: John Bishop Author-X-Name-First: John Author-X-Name-Last: Bishop Author-Name: John Formby Author-X-Name-First: John Author-X-Name-Last: Formby Author-Name: Buhong Zheng Author-X-Name-First: Buhong Author-X-Name-Last: Zheng Title: Extent of Material Hardship and Poverty in the United States—Comment Abstract: This paper comments on the work of Rector et al. (1999a, 1999b). The poverty lines implicit in their restrictive material deprivation approach are disputed and the claim that America has triumphed over poverty is rejected. Evidence is presented showing that poverty among the poorest Americans has significantly increased and is now near an all time high. The long economic expansion since the recession of 1990-1991 has left hardcore poverty essentially unchanged and relative deprivation among the poorest of the poor has increased Journal: Review of Social Economy Pages: 388-399 Issue: 3 Volume: 57 Year: 1999 Keywords: material deprivation, relative deprivation, hardcore poverty, X-DOI: 10.1080/00346769900000008 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000008 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:3:p:388-399 Template-Type: ReDIF-Article 1.0 Author-Name: William Van Lear Author-X-Name-First: William Author-X-Name-Last: Van Lear Title: Book Review Abstract: Journal: Review of Social Economy Pages: 400-403 Issue: 3 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000009 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000009 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:3:p:400-403 Template-Type: ReDIF-Article 1.0 Author-Name: Anthony Scaperlanda Author-X-Name-First: Anthony Author-X-Name-Last: Scaperlanda Title: Matters of Economic Justice Abstract: Economic justice is an important subject to be studied by academics. It is also central to public policy debates on such issues as the need for adequate wages, the prevalence of poverty, and the adverse impacts of the globalization of production. Questions of economic justice are fundamentally questions about the ethics of income distribution. This is an introduction to a volume devoted to matters of economic justice. In it, I establish the importance of the subject, briefly describe the six articles in the volume, and present a set of principles and selected suggested readings to guide future discussions and study of economic justice. Journal: Review of Social Economy Pages: 419-426 Issue: 4 Volume: 57 Year: 1999 Keywords: Economic justice, equity, globalization, heterodox economists, ideology, poverty, stewardship, X-DOI: 10.1080/00346769900000014 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000014 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:4:p:419-426 Template-Type: ReDIF-Article 1.0 Author-Name: Morris Altman Author-X-Name-First: Morris Author-X-Name-Last: Altman Title: The Methodology of Economics and the Survival Principle Revisited and Revised: Some Welfare and Public Policy Implications of Modeling the Economic Agent Abstract: The focus of this paper is on the survival principle, as articulated by Milton Friedman, that dominates the methodology of the conventional wisdom either explicitly or implicitly. The survival principle is revised applying the behavioral approach to economics, which differs fundamentally with Friedman's methodology. This discussion is contextualized by a comparison of the different approaches to the modeling of economic agents and the substantive implications of this for theory and public policy and thereby for economic welfare and economic justice. Journal: Review of Social Economy Pages: 427-449 Issue: 4 Volume: 57 Year: 1999 Keywords: Survivor principle, x-efficiency, behavioral economics, assumptions, welfare, X-DOI: 10.1080/00346769900000015 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000015 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:4:p:427-449 Template-Type: ReDIF-Article 1.0 Author-Name: Hans. Jensen Author-X-Name-First: Hans. Author-X-Name-Last: Jensen Title: The Development of T.R. Malthus's Institutionlist Approach to the Cure of Proverty: From Punishment of the Poor to Investment in Their Human Capital Abstract: William Godwin had a dual influence on Thomas Robert Malthus. First, Malthus wrote the premier (1798) edition of his Essay on the Principle of Population to refute Godwin's thesis that institutional reforms could halt the growth of population and thereby pave the way toward universal affluence. There were only two checks on population, said Malthus in 1798: vice and misery. Second, pursuant to his discovery of virtuous checks on population in Scandinavia, Malthus reread Godwin's principal works. He now accepted Godwin's dual proposition that population growth could be stopped, even reversed, by the virtuous check of moral restraint and that this check could be made operational through institutional realignment. In the second (1803) edition of his Essay, Malthus argued, therefore, that poverty could be replaced by prosperity through institutional changes in the form of the introduction of universal education and gradual abolition of the poor law. Journal: Review of Social Economy Pages: 450-465 Issue: 4 Volume: 57 Year: 1999 Keywords: institutional reforms, Godwin, Malthus, misery, moral restraint, vice, X-DOI: 10.1080/00346769900000016 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000016 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:4:p:450-465 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Prasch Author-X-Name-First: Robert Author-X-Name-Last: Prasch Author-Name: Falguni Sheth Author-X-Name-First: Falguni Author-X-Name-Last: Sheth Title: The Economics and Ethics of Minimum Wage Legislation Abstract: Recent empirical studies have led the economics profession to question the proposition that minimum wage legislation necessarily leads to greater unemployment. This paper extends the analysis of these studies by providing several theoretical reasons why these empirical results may reflect a larger truth. Moreover, it addresses a relatively neglected aspect of the minimum wage debate - its ethical dimensions. Specifically, do the elementary principles of economic justice mandate that employees who “play by the rules”, should earn a “living wage”? This paper argues that the minimum wage is a successful economic policy that is consistent with economic justice. Journal: Review of Social Economy Pages: 466-487 Issue: 4 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000017 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000017 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:4:p:466-487 Template-Type: ReDIF-Article 1.0 Author-Name: John Davis Author-X-Name-First: John Author-X-Name-Last: Davis Title: Is Trade Liberalization an Important Cause of Increasing U.S. Wage Inequality? The Interaction of Theory and Policy Abstract: The majority of mainstream economists believe that globalization and trade liberalization have had a minor role in increasing U.S. wage inequality. A minority argues that capital mobility and outsourcing indicate a larger effect. This paper first surveys these views, and then argues that how we understand the policy consequences of trade liberalization helps determine the character of our analysis of the issue itself. Thus, a shift in policy perspective, to consider the "equity costs" of trade liberalization in terms of eroded U.S. labor market institutions, produces a larger framework for analyzing the consequences of globalization and trade liberalization than is available in traditional comparative advantage efficiency reasoning. From this wider perspective, trade liberalization has likely had a greater impact on U.S. wage inequality than even the minority mainstream position allows. Journal: Review of Social Economy Pages: 488-506 Issue: 4 Volume: 57 Year: 1999 Keywords: globalization, trade liberalization, wage inequality, outsourcing, equity costs, institutions, comparative advantage, X-DOI: 10.1080/00346769900000018 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000018 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:4:p:488-506 Template-Type: ReDIF-Article 1.0 Author-Name: Brent McClintock Author-X-Name-First: Brent Author-X-Name-Last: McClintock Title: The Multinational Corporation and Social Justice: Experiments in Supranational Governance Abstract: The multinational corporation (MNC) is dichotomous in nature. While on the one hand it is a vehicle for private capital accumulation, when socially-embedded it may serve as a means to further social provisioning and social justice. A social economics approach to the MNC is developed to incorporate both private and social transaction costs in international production and trade where the divergence in these costs may require collective action to mitigate the effects of social dislocation. These issues are illustrated by experiments in corporate codes of conduct related to child labor and environmental sustainability. Since corporate codes may be insufficient to socially embed the activities of MNCs, efforts to develop supranational governance mechanisms to better achieve social justice are also considered. Journal: Review of Social Economy Pages: 507-522 Issue: 4 Volume: 57 Year: 1999 Keywords: Multinational corporation, social justice, corporate codes of conduct, child labor, transaction costs, supranational governance, X-DOI: 10.1080/00346769900000019 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000019 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:4:p:507-522 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Scaperlanda Author-X-Name-First: Michael Author-X-Name-Last: Scaperlanda Title: Immigration Justice: Beyond Liberal Egalitarian and Communitarian Perspectives Abstract: Immigration law resides within a complex web of interconnected political, cultural, and economic realities. Politically the world is organized around nation states, which exercise the legal authority to control their borders. Multiple factors push people into emigrating from their country of origin or pull people toward immigrating to particular countries. Given historic migration patterns and the fluidity of national borders, cultures transcend these boundaries, creating demand for transnational mobility. The global economy coupled with disparate economic opportunities between nations spurs immigration. War, civil unrest, and natural disasters also contribute to the international movement of peoples. In this article, I explore the foundations of a socially just immigration regime. Part one provides an overview of the push-pull factors influencing the decision of individuals and families to migrate. Part two places these decisions within the context of United States immigration law, exploring both the statutory and con-stitutional restrictions on entry into the United States. Part three examines the difficulties inherent in attempts to develop a coherent and just immigration policy out of liberal political theory or the communitarian response. In Part four, I place the immigration justice issue within the framework of Roman Catholic social teaching, concluding that such a framework provides a secure basis for constructing a just immigration jurisprudence. Finally, Part five briefly reflects on the justness of current United States immigration law in light of the theory developed in Part four. Journal: Review of Social Economy Pages: 523-542 Issue: 4 Volume: 57 Year: 1999 Keywords: Immigration, Natural Law, Constitution, Catholic, Communitarian, Liberal Egalitarian, X-DOI: 10.1080/00346769900000020 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000020 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:4:p:523-542 Template-Type: ReDIF-Article 1.0 Author-Name: Julie Nelson Author-X-Name-First: Julie Author-X-Name-Last: Nelson Title: Call for Papers Feminist Philosophies of Love and Work Abstract: Journal: Review of Social Economy Pages: 545-546 Issue: 4 Volume: 57 Year: 1999 X-DOI: 10.1080/00346769900000021 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346769900000021 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:57:y:1999:i:4:p:545-546 Template-Type: ReDIF-Article 1.0 Author-Name: John Murray Author-X-Name-First: John Author-X-Name-Last: Murray Title: Communal Viability and Employment of Non-Member Labor: Testing Hypotheses with Historical Data Abstract: A well developed body of theory associates the employment of non-member labor by collective organisations with their eventual dissolution. Manuscript and published data on hiring of outside laborers by nineteenth century American religious communes allows for tests of two propositions taken from this literature: that employment of non-members increased over time and that such employment was responsible for the communes' eventual demise. The first was upheld but no evidence was found to support the second. In fact, employment of non-members was found instead to be associated with communal prosperity, in economic, religious, and survival terms. Journal: Review of Social Economy Pages: 1-16 Issue: 1 Volume: 58 Year: 2000 Keywords: Commune Employment Shakers, X-DOI: 10.1080/003467600363084 File-URL: http://www.tandfonline.com/doi/abs/10.1080/003467600363084 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:1:p:1-16 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Bennett Author-X-Name-First: Robert Author-X-Name-Last: Bennett Title: The Logic of Membership of Sectoral Business Associations Abstract: This paper assesses the logic of membership of sectoral business associations in Britain using evidence from a proportionate stratified random sample of associations. The British system gives no statuatory status to business associations. As a result the size and fragmentation of associations is similar to the US, membership of associations is interpreted in terms of the logic of specific business service demand and the logic of collective activities. Expectations from models of collective action, associability and involvement are used to interpret association membership. The paper argues that the normal distinction between associations as trade, professional or "peak" bodies is too simplistic in not properly differentiating the types of member. The paper employs instead a set of six categories dependent on the type of members: companies, owner-managers, the self-employed, and individuals, as well as bodies with mixed membership, and federations (which are associations of associations). Survey evidence demonstrates that member motives for joining, lapsing and constraining service development differ significantly between association types and tend most strongly to emphasise the logic of individual services as complements to the logic collective activity. Analysis of the rates of joining and lapsing membership show evidence of reluctance to join and high rates of lapsing. Journal: Review of Social Economy Pages: 17-42 Issue: 1 Volume: 58 Year: 2000 Keywords: Collective Services, Business Services, Business Representation, Competitiveness, Business Associations, X-DOI: 10.1080/003467600363093 File-URL: http://www.tandfonline.com/doi/abs/10.1080/003467600363093 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:1:p:17-42 Template-Type: ReDIF-Article 1.0 Author-Name: Oren Levin-Waldman Author-X-Name-First: Oren Author-X-Name-Last: Levin-Waldman Title: Minimum Wage and Justice? Abstract: The debate over the minimum wage is often conducted on a technical level, primarily focusing on the effects of wage increases. In recent years the debate has often been between those who maintain that increases in the minimum wage will result in disemployment, particularly among teenagers, on the one hand and those who maintain that increases will offer much needed assistance to the poor on the other. Lost in this focus have been serious discussions of the ethical grounds for such a policy. Core to the issue of the minimum wage are questions of justice and the type of society we would like to create. This article argues that the technical approach to the minimum wage so often taken is an outgrowth of a particular conception of justice, one predicted on liberal neutrality. A different conception of justice would enable us to view the minimum wage as but one tool for achieving other social objectives. Moreover, a justice approach to the minimum wage would enable us to consider our values because we would be required to engage in a more philosophically grounded discussion of the policy and the issues it raises. Journal: Review of Social Economy Pages: 43-62 Issue: 1 Volume: 58 Year: 2000 Keywords: Minimum Wage, Justice, American Liberal Tradition, Liberalism, Values, Self-Sufficiency, Mutuality, Common Project, X-DOI: 10.1080/003467600363101 File-URL: http://www.tandfonline.com/doi/abs/10.1080/003467600363101 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:1:p:43-62 Template-Type: ReDIF-Article 1.0 Author-Name: Ward Morehouse Author-X-Name-First: Ward Author-X-Name-Last: Morehouse Author-Name: Stuart Speiser Author-X-Name-First: Stuart Author-X-Name-Last: Speiser Author-Name: Ken Taylor Author-X-Name-First: Ken Author-X-Name-Last: Taylor Title: The Universal Capitalism Movement in the United States Abstract: Ideas on how to make the fruits of capitalism more braodly enjoyed are not new. A rich body of thought exists advocating a redefinition of socioeconomic mechanisms to this end within the context of private property. This article traces the evolution of this thinking within the United States from before the American Revolution to the present. The culmination of this intellectual tradition is the universal stock ownership plan (USOP). The means of, and prospects for, experimenting with such an initiative are discussed. Journal: Review of Social Economy Pages: 63-80 Issue: 1 Volume: 58 Year: 2000 Keywords: Capitalism, Economic Democracy, Universal Capitalism, Universalstock Ownership, Economic Equality, Distribution Of Income, Distribution Of Wealth, Economic Evolution, Economic Opportunity, Economic Rights, Economic Justice, American Economic History, X-DOI: 10.1080/003467600363110 File-URL: http://www.tandfonline.com/doi/abs/10.1080/003467600363110 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:1:p:63-80 Template-Type: ReDIF-Article 1.0 Author-Name: John Hisnanick Author-X-Name-First: John Author-X-Name-Last: Hisnanick Author-Name: Dale Coddington Author-X-Name-First: Dale Author-X-Name-Last: Coddington Title: The Immunisation Status of Poor Children: An Analysis of Parental Altruism and Child Well-Being Abstract: One out of every five children in the United States is growing up in a household where the family income is at or below the poverty threshold. The stress of poverty creates heighten parental stress, straining their capacity to provide warmth, understanding, and guidance for their children. The lack of an adequate income simply may not allow parents to focus their time and energies on parenting; rather, they are constantly struggling to survive. From an economic viewpoint, poverty Journal: Review of Social Economy Pages: 81-107 Issue: 1 Volume: 58 Year: 2000 Keywords: Immunisation Status, Poverrty, Parental Alturism, X-DOI: 10.1080/003467600363129 File-URL: http://www.tandfonline.com/doi/abs/10.1080/003467600363129 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:1:p:81-107 Template-Type: ReDIF-Article 1.0 Author-Name: Gary Mongiovi Author-X-Name-First: Gary Author-X-Name-Last: Mongiovi Title: Shackle on Equilibrium: A Critique Abstract: This paper presents a critical evaluation of Shackle's views on economic method. Shackle's arguments against equilibrium analysis are shown to apply to orthodox theory, which has subjectivist foundations, but not to the objectivist classical approach associated with Sraffa. The long-period equilibrium method is indispensable to the analysis of how market societies function. Moreover, since the classical theory contains no trace of the factor substitution mechanisms that underpin neoclassical orthodoxy, its explanations of distribution, employment and outputs must take explicit account of institutions, power and ethical norms. Thus there is no conflict between social economics and the method of the classical economists and Sraffa. On the contrary, the classical approach provides a rigorous framework for the investigation of the very issues that are at the center of institutional and social economics. Journal: Review of Social Economy Pages: 108-124 Issue: 1 Volume: 58 Year: 2000 Keywords: Shackle, Sraffa, Equilibrium, Uncertainty, X-DOI: 10.1080/003467600363138 File-URL: http://www.tandfonline.com/doi/abs/10.1080/003467600363138 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:1:p:108-124 Template-Type: ReDIF-Article 1.0 Author-Name: Warren Samuels Author-X-Name-First: Warren Author-X-Name-Last: Samuels Title: Walter Adams and James W. Brock's The Tobacco Wars: The Final Shot of a Warrior for Competitive Markets and Responsible Government Abstract: Journal: Review of Social Economy Pages: 125-133 Issue: 1 Volume: 58 Year: 2000 X-DOI: 10.1080/003467600363147 File-URL: http://www.tandfonline.com/doi/abs/10.1080/003467600363147 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:1:p:125-133 Template-Type: ReDIF-Article 1.0 Author-Name: James Henderson Author-X-Name-First: James Author-X-Name-Last: Henderson Title: “Political Economy is a Mere Skeleton Unless…”: What Can Social Economists Learn From Charles Dickens? Abstract: Charles Dickens was a reformer who sought to reform economic conditions. Convinced that the reforms proposed by the economists of his day would not benefit those victimized by the Industrial Revolution, he also sought to reform economics. Dickens' prime targets were McCulloch, Malthus, and Nassau Senior. Reviewing Dickens's efforts at social reform, Chesterton made the distinction between pessimistic reformers, who describe how bad people are under bad conditions, and optimistic reformers, who describes how good people are under bad conditions. The author draws similar parallels between mainstream economists and social economists. Journal: Review of Social Economy Pages: 141-151 Issue: 2 Volume: 58 Year: 2000 Keywords: Charles Dickens, Mcculloch, Malthus, Nassau Senior, Social Economists, Reform, X-DOI: 10.1080/003467600402512 File-URL: http://www.tandfonline.com/doi/abs/10.1080/003467600402512 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:2:p:141-151 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Smith Author-X-Name-First: Michael Author-X-Name-Last: Smith Title: On the Use of the Prisoners' Dilemma to Analyze the Relations Between Employment Security, Trust, And Effort Abstract: Sociologists and political scientists have argued that the explanatory adequacy of economics is undermined by unreasonable assumptions of rationality. Yet interpretations that make strong rationality assumptions remain common. Analyses of the effects of employment security on work effort provide one example. The iterated prisoners' dilemma has been used to deduce a positive effect of employment security on work effort. Several difficulties with this approach are identified, including that the cooperative solution to the iterated prisoners' dilemma game i) requires infinite play or uncertainty about the end of the repetitions of the game; ii) is made less likely where there are structural bases for divergent interests; iii) ignores the possibility that employers might choose to shift the game to another arena. In general, there is the difficulty that employer-employee relations involve three simultaneous prisoners' dilemmas. The paper concludes that the hyper-rational approach implied in the prisoners' dilemma is an unpromising route for the analysis of the effects of employment security. Journal: Review of Social Economy Pages: 153-175 Issue: 2 Volume: 58 Year: 2000 Keywords: Prisoners' Dilemma, Tit-FOR-TAT Strategy, Employment Security, Effort, X-DOI: 10.1080/003467600402521 File-URL: http://www.tandfonline.com/doi/abs/10.1080/003467600402521 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:2:p:153-175 Template-Type: ReDIF-Article 1.0 Author-Name: William Redmond Author-X-Name-First: William Author-X-Name-Last: Redmond Title: Consumer Rationality and Consumer Sovereignty Abstract: Important social benefits of the market system are predicated on the assumption that consumers can effectively pursue their interest in the marketplace. Cause for concern exists to the extent that high consumption expenditures lead to relatively low levels of personal savings in the U.S. To the extent that they do, in fact, over spend, consumers appear to deviate from economic assumptions of rationality. This paper examines four conceptions of rationality (two variants of rational choice theory, institutionalism, and one derived from economic sociology), with a view to evaluating implications for consumer sovereignty under each. By explicitly accounting for differences among individuals, economic sociology appears to offer more realistic policy solutions. Journal: Review of Social Economy Pages: 177-196 Issue: 2 Volume: 58 Year: 2000 Keywords: Rationality, Rational Choice, Consumer Sovereignty, Saving, Decision Making, Policy, X-DOI: 10.1080/003467600402530 File-URL: http://www.tandfonline.com/doi/abs/10.1080/003467600402530 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:2:p:177-196 Template-Type: ReDIF-Article 1.0 Author-Name: Mathew Forstater Author-X-Name-First: Mathew Author-X-Name-Last: Forstater Title: Adolph Lowe on Freedom, Education and Socialization Abstract: The lifework of Adolph Lowe (1893-1995) was greatly motivated by his struggle with the problem of “freedom and order”. This paper explores Lowe's largely overlooked and under-examined writings on education and political philosophy, important components of his “political economics”. Lowe's concern with the socialization function of education is highlighted and related to his notion of “spontaneous conformity”, as well as the ideas of Vygotsky on imaginative children's play and C. S. Peirce on habit-change. Taking Gorman's critique of Schutz's conception of freedom as a point of departure, and drawing on the work of C. Wright Mills, Lowe's own conception of freedom is critically examined. For Lowe, the stronger the commitment to community, the greater is the possibility for individual autonomy without the threat of social disruption. Journal: Review of Social Economy Pages: 225-239 Issue: 2 Volume: 58 Year: 2000 Keywords: Adolph Lowe, Freedom, Education, Socialization, Spontaneous Conformity, Imagination, X-DOI: 10.1080/003467600402558 File-URL: http://www.tandfonline.com/doi/abs/10.1080/003467600402558 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:2:p:225-239 Template-Type: ReDIF-Article 1.0 Author-Name: William Darity Author-X-Name-First: William Author-X-Name-Last: Darity Author-Name: Ashwini Deshpande Author-X-Name-First: Ashwini Author-X-Name-Last: Deshpande Title: Intergroup Economic Inequality Across Countries: An lntroductory Essay Abstract: Journal: Review of Social Economy Pages: 273-276 Issue: 3 Volume: 58 Year: 2000 X-DOI: 10.1080/00346760050132328 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760050132328 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:3:p:273-276 Template-Type: ReDIF-Article 1.0 Author-Name: Peggy Lovell Author-X-Name-First: Peggy Author-X-Name-Last: Lovell Title: Race, Gender and Regional Labor Market Inequalities in Brazil Abstract: This study investigates the relationship between unequal regional development and racial and gender wage inequality in Brazil. Using sample data from the 1991 Brazilian census, I estimated monthly wages for a white, brown and black women and men working in the states of S"o Paulo and Bahia. The findings suggest that while women and Afro-Brazilians in Brazil's most developed region of S"o Paulo had the advantages of higher levels of state sponsored work benefits and more equitable occupational and wage distribution, they nevertheless experienced the greatest discrimination. In contrast, the less developed state of Bahia where racial and gender gaps in education, occupation and wages were the most severe, wage discrimination was lowest. Journal: Review of Social Economy Pages: 277-293 Issue: 3 Volume: 58 Year: 2000 Keywords: Labor Market Discrimination, Race And Gender, Brazil, Regional Development, X-DOI: 10.1080/00346760050132337 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760050132337 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:3:p:277-293 Template-Type: ReDIF-Article 1.0 Author-Name: Morton Stelcner Author-X-Name-First: Morton Author-X-Name-Last: Stelcner Title: Earnings Differentials among Ethnic Groups in Canada: A Review of the Research Abstract: Canada has a large foreign-born population with an increasingly diverse ethnic profile. The 1986 Employment Equity Act designated ''visible minorities,'' Aboriginal peoples, women, and disabled persons as facing labor market disadvantages. This review of a growing body of research on ethnic earning differentials shows that the sizeable earnings shortfall of Aboriginal peoples could be ''explained'' by their lesser endowments of work-related characteristics. The high variance in discrimination estimates among men can be traced to the treatment of immigration effects, aggregation of diverse ethnic groups, and the choice of the non-discriminatory earnings norm. Journal: Review of Social Economy Pages: 295-317 Issue: 3 Volume: 58 Year: 2000 Keywords: Canada, Visible Minorities, Ethnicity, Earnings Discrimination, X-DOI: 10.1080/00346760050132346 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760050132346 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:3:p:295-317 Template-Type: ReDIF-Article 1.0 Author-Name: Patrick Mason Author-X-Name-First: Patrick Author-X-Name-Last: Mason Title: Understanding Recent Empirical Evidence on Race and Labor Market Outcomes in the USA Abstract: Racial inequality remains a substantial problem in American society. Competing explanations of African American - white inequality often overlap but they are often also quite contentious. Recent empirical studies on the role of race and labor have tended to absolve the market process of contributing to persistent racial discrimination. The most sophisticated studies that claim to show no discrimination within the labor market rely on a single test score variable (the AFQT) within one dataset. However, the AFQT over-estimates African American - white pre-labor market skill differences, its predictions have not been replicated by studies that employ different measures of cognitive skills, and it yields inconsistent and counter-intuitive results when decomposed into its component parts. After reviewing some of the most recent literature, this study concludes that the notion that competition will eliminate discrimination within the labor market is little more than conservative political ideology masquerading as science. So-called pre-labor market inequality, which may also be summarized as the class and cultural background of individuals, does have an impact on individual well-being and intergenerational mobility. However, we are unable to distinguish the manner in which class background matters. Is it because superior class position creates an advantage in skill acquisition or because is it because superior social status increases access to persons embedded into positions of power and authority? In addition, several studies present strong empirical evidence of discrimination within the labor market. Journal: Review of Social Economy Pages: 319-338 Issue: 3 Volume: 58 Year: 2000 Keywords: Race, Discrimination, Wage, Inequality, Labor Market, X-DOI: 10.1080/00346760050132355 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760050132355 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:3:p:319-338 Template-Type: ReDIF-Article 1.0 Author-Name: R. Quinn Moore Author-X-Name-First: R. Quinn Author-X-Name-Last: Moore Title: Multiracialism and Meritocracy: Singapore's Approach to Race and Inequality Abstract: This paper characterizes Singapore's efforts to tackle the problem of persistent racial inequality in terms of the notion of fair meritocracy. Singapore's race policy attempts to level the playing field through its unique race-based self-help organizations and a comprehensive, racially integrated, public housing program. Individuals are then sorted by the ostensibly objective mechanism of a standardized test based educational system. The social and economic implications of this policy are examined and, using summary data from the 1980 and 1990 censuses, the extent to which Singapore has been successful in creating a fair multiracial meritocracy is assessed. Journal: Review of Social Economy Pages: 339-360 Issue: 3 Volume: 58 Year: 2000 Keywords: Inequality, Meritocracy, Race, Singapore, Education, Housing, X-DOI: 10.1080/00346760050132364 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760050132364 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:3:p:339-360 Template-Type: ReDIF-Article 1.0 Author-Name: Samuel Myers Author-X-Name-First: Samuel Author-X-Name-Last: Myers Title: If Not Reconciliation, Then What? Abstract: The Australian policy of reconciliation between indigenous people and non-indigenous settlers is seen as a precursor to recent American efforts to solve its race relations problems via a policy of racial reconciliation. The empirical context of the problem of racial inequality in Australia is presented and the theoretical context of the Australian reconciliation process is discussed. Described is the concept of white privilege and explained is a context that views American policies on race relations as largely lacking new ideas and viable strategies for remedying racial and ethnic economic inequality. Qualitative findings are discussed based on interviews of Aboriginal and white intellectuals inside and outside Australian universities supporting an optimistic assessment of the likely success of racial reconciliation as a policy instrument in Australia. Less optimism is expressed for the success of that policy in the United States. Journal: Review of Social Economy Pages: 361-380 Issue: 3 Volume: 58 Year: 2000 Keywords: Remedies, Racial Inequality, Reconciliation, Aborigines, Indigenous Australians, Black-WHITE Inequality, X-DOI: 10.1080/00346760050132373 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760050132373 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:3:p:361-380 Template-Type: ReDIF-Article 1.0 Author-Name: Ashwini Deshpande Author-X-Name-First: Ashwini Author-X-Name-Last: Deshpande Title: Recasting Economic Inequality Abstract: Arguing that it is necessary to refine the study of Indian inequality by studying patterns of inter group disparity, this essay highlights the salience of caste for this purpose. Outlining the imperatives of an economic enquiry into contemporary caste inequality, the essay critically reviews the small body of the theoretical and empirical work, attempting to highlight the different theoretical perspectives that underlie the literature. Journal: Review of Social Economy Pages: 381-399 Issue: 3 Volume: 58 Year: 2000 Keywords: South Asia, India, Caste, Economic Inequality, Economic Disparity, Deprivation, X-DOI: 10.1080/00346760050132382 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760050132382 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:3:p:381-399 Template-Type: ReDIF-Article 1.0 Author-Name: John Elliott Author-X-Name-First: John Author-X-Name-Last: Elliott Title: Adam Smith's Conceptualization of Power, Markets, and Politics Abstract: This paper argues that Adam Smith is a/the "founding father figure" of modern social/political economy as well as economics. Smith wrote extensively and insightfully on the subject of power , and thereby class and stratafication in society. This paper explicates four main types of power relations in Smith's analysis, notably drawing on the Wealth of Nations : wealth power, monopoly power, employer power, and political power. Smith's focus on power helps to differentiate his broader vision and rich discourse from that of many contemporary neoclassical writers and sharpens our appreciation for his contributions to social and political economy. Journal: Review of Social Economy Pages: 429-454 Issue: 4 Volume: 58 Year: 2000 Keywords: Wealth Power, Monopoly Power, Employer Power, Political Power, Invisible Hand, X-DOI: 10.1080/00346760050204292 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760050204292 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:4:p:429-454 Template-Type: ReDIF-Article 1.0 Author-Name: Eckehard Rosenbaum Author-X-Name-First: Eckehard Author-X-Name-Last: Rosenbaum Title: What is a Market? On the Methodology of a Contested Concept Abstract: Some economists find markets everywhere and assume that they emerge spontaneously once a set of necessary conditions such as well-defined property rights is fulfilled. Others emphasise the role of organisations and contend that markets are actually less dominant. But despite claims to the contrary, the market concept is hardly analyzed in depth. Nor are there serious attempts to examine empirically where markets exist. Against this background, the paper addresses the question of what is a market? It begins by illustrating how the literature has hitherto defined the concept of a market. On the basis of methodological considerations, which center on the subject matter of economic analysis, the paper provides a revised conceptualisation of markets in terms of those conditions under which stylised facts about relative prices can be observed. The final part of the paper discusses the link between the conceptualisation of a market and the informational role of relative prices highlighted by the Austrian School. Journal: Review of Social Economy Pages: 455-482 Issue: 4 Volume: 58 Year: 2000 Keywords: Market, Institution, Methodology, Austrian Approach, X-DOI: 10.1080/00346760050204300 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760050204300 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:4:p:455-482 Template-Type: ReDIF-Article 1.0 Author-Name: David Haddorff Author-X-Name-First: David Author-X-Name-Last: Haddorff Title: Religion and the Market: Opposition, Absorption, or Ambiguity? Abstract: This article addressed the complex relationship between religion and the market by proposing three basic paradigms, and then applying them to contemporary Christian social thought (or social ethics). The first conflicting model, following Max Weber and Karl Marx, views religion and the market in opposition, which results in greater secularisation. The second, following Emile Durkheim, proposes a 'functionalist' model of society, in which the market itself becomes sacred. The third, following Karl Polanyi, claims the two are more dialectical, in that both are affected by the power of the other; they remain in an ambiguous relationship. The author argues that the third model is the most coherent description of this complex relationship as well as the one most consistent with the convictions of Chrstian social thought. Journal: Review of Social Economy Pages: 483-504 Issue: 4 Volume: 58 Year: 2000 Keywords: Secularisation, Dystopian, Hom Economics, Functionalism, Dialectical, Double Movement, X-DOI: 10.1080/00346760050204319 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760050204319 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:4:p:483-504 Template-Type: ReDIF-Article 1.0 Author-Name: Siobhan Austen Author-X-Name-First: Siobhan Author-X-Name-Last: Austen Title: Culture and the Labor Market Abstract: This paper explores the relationship between culture and labor market behavior. An attempt is made to clarify, from an economic perspective, the meaning of culture; to discuss the importance of cultural studies in the economic analysis of the labor market; and to outline the major theoretical issues that are associated with adopting a cultural perspective on economic behavior in the labor market. Journal: Review of Social Economy Pages: 505-521 Issue: 4 Volume: 58 Year: 2000 Keywords: Culture, Labor Market, Labor Economics, Social Norms, X-DOI: 10.1080/00346760050204328 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760050204328 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:4:p:505-521 Template-Type: ReDIF-Article 1.0 Author-Name: Daniel Finn Author-X-Name-First: Daniel Author-X-Name-Last: Finn Title: A Thoroughly Embodied Economics: A Review of Personalist Economics by Edward J. O'Boyle Abstract: Journal: Review of Social Economy Pages: 523-528 Issue: 4 Volume: 58 Year: 2000 X-DOI: 10.1080/00346760050204337 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760050204337 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:4:p:523-528 Template-Type: ReDIF-Article 1.0 Author-Name: Maureen Maloney Author-X-Name-First: Maureen Author-X-Name-Last: Maloney Title: A review of Personalist Economics Abstract: Journal: Review of Social Economy Pages: 529-534 Issue: 4 Volume: 58 Year: 2000 X-DOI: 10.1080/00346760050204346 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760050204346 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:4:p:529-534 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Danner Author-X-Name-First: Peter Author-X-Name-Last: Danner Title: A Review of Personalist Economics Abstract: Journal: Review of Social Economy Pages: 535-538 Issue: 4 Volume: 58 Year: 2000 X-DOI: 10.1080/00346760050204355 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760050204355 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:4:p:535-538 Template-Type: ReDIF-Article 1.0 Author-Name: Edward O'Boyle Author-X-Name-First: Edward Author-X-Name-Last: O'Boyle Title: Personalist Economics: Moral Convictions, Economic Realities, And Social Action Abstract: Journal: Review of Social Economy Pages: 539-552 Issue: 4 Volume: 58 Year: 2000 X-DOI: 10.1080/00346760050204364 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760050204364 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:58:y:2000:i:4:p:539-552 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew Yuengert Author-X-Name-First: Andrew Author-X-Name-Last: Yuengert Title: Rational Choice with Passion: Virtue in a Model of Rational Addiction Abstract: By incorporating a divided self into the rational addiction framework, this paper provides a rationale for and an explicit analysis of two types of budget-shrinking behaviors - actions taken to limit access to lifetime wealth in a given period, and actions taken to change the effective price of the addictive good. Moreover, internal conflict models provide a normative rationale, absent from rational addiction models, for policies that limit access to addictive goods. Journal: Review of Social Economy Pages: 1-21 Issue: 1 Volume: 59 Year: 2001 Keywords: Rational Addiction, Internal Conflict, Passion Goods, Reason, Aristotle, Virtue, X-DOI: 10.1080/00346760010017492 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760010017492 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:1:p:1-21 Template-Type: ReDIF-Article 1.0 Author-Name: Sabine O'Hara Author-X-Name-First: Sabine Author-X-Name-Last: O'Hara Title: Urban Development Revisited: The Role of Neighborhood Needs and Local Participation in Urban Revitalization Abstract: Traditional models of economic development such as economic base and urban revitalization models have been found wanting. Both models rely on expert-based assessments of local development needs. More recent approaches call for a stronger focus on local development needs and resident skills as the basis for designing development strategies. One such neighborhood-based approach to development is presented in this paper. Its initial step was a survey of 444 households representing 1398 residents conducted in the Hamilton Hill and Vale neighborhoods of Schenectady, New York a 'downsized' community of about 65,000 residents in the Capital District of New York State. Survey results show a strong need for recreation, childcare, a grocery store, care for the elderly and home repairs. Residents' self-assessed job skills and interests appear to be well suited to meet these needs. Yet despite these promising results, barriers to neighborhood-based development persist. These barriers reiterate the long history of isolation prevalent in US inner city neighborhoods. Two issues are particularly characteristic of the barriers that continue to keep urban neighborhoods isolated from their larger context. They are: (1) a lack of effective communication between local residents and decision makers; and (2) a lack of valuation systems that properly assess the value of social and environmental context and their contributions to local development. Journal: Review of Social Economy Pages: 23-43 Issue: 1 Volume: 59 Year: 2001 Keywords: Neighborhood-BASED Urban Development, Job Creation, Needs Assessment, Social Context, X-DOI: 10.1080/00346760110036265 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110036265 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:1:p:23-43 Template-Type: ReDIF-Article 1.0 Author-Name: Steve Fleetwood Author-X-Name-First: Steve Author-X-Name-Last: Fleetwood Title: Conceptualizing Un employment in a Period of Atypical Em ployment: A Critical Realist Perspective Abstract: An adequate conceptualization and measurement of unemployment should express the reality of employment. Designing theoretical concepts that adequately express reality requires appropriate methodological foundations. This paper uses critical realism to demonstrate that the deductive method encourages the construction of theoretical concepts in such a way as to reduce the multidimensional, qualitative reality of employment and unemployment to the quantitative, single dimension of variables, whereupon they cease to be adequate expressions of the reality they are designed to investigate. Part-time employment is used to exemplify atypical employment and to illustrate how the latter differs from typical employment in a number of dimensions, most of which are qualitative in nature. Journal: Review of Social Economy Pages: 45-69 Issue: 1 Volume: 59 Year: 2001 Keywords: Critical Realism, Methodology, Ontology, Deductive Method, Unemployment, Atypical Employment, X-DOI: 10.1080/00346760010017500 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760010017500 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:1:p:45-69 Template-Type: ReDIF-Article 1.0 Author-Name: Wilfred Dolfsma Author-X-Name-First: Wilfred Author-X-Name-Last: Dolfsma Title: Metaphors of Knowledge in Economics Abstract: "Knowledge" takes a central place in economics. This paper shows that the metaphor pervasively used in neoclassical economics to understand knowledge is that of "capital". Taking capital as a metaphor of knowledge introduces problems in neoclassical economic theory, as becomes apparent when economics addresses issues of learning and technological development. Instead, it is argued that economists could learn from what philosophers such as Gilbert Ryle and Michael Polanyi have said about how to understand knowledge. Journal: Review of Social Economy Pages: 71-91 Issue: 1 Volume: 59 Year: 2001 Keywords: Economic Theory, Knowledge, Learning, Technology, Philosophy Of Economics, X-DOI: 10.1080/00346760010017519 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760010017519 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:1:p:71-91 Template-Type: ReDIF-Article 1.0 Author-Name: Daniel Fusfeld Author-X-Name-First: Daniel Author-X-Name-Last: Fusfeld Title: Review Essay on Economics for the Common Good Abstract: Journal: Review of Social Economy Pages: 93-101 Issue: 1 Volume: 59 Year: 2001 X-DOI: 10.1080/00346760010017528 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760010017528 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:1:p:93-101 Template-Type: ReDIF-Article 1.0 Author-Name: Lanse Minkler Author-X-Name-First: Lanse Author-X-Name-Last: Minkler Title: Review Essay on Economics for the Common Good Abstract: Journal: Review of Social Economy Pages: 103-108 Issue: 1 Volume: 59 Year: 2001 X-DOI: 10.1080/00346760010017537 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760010017537 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:1:p:103-108 Template-Type: ReDIF-Article 1.0 Author-Name: Steven Pressman Author-X-Name-First: Steven Author-X-Name-Last: Pressman Title: The Challenge of Social Economics: A Review Essay Abstract: Journal: Review of Social Economy Pages: 109-114 Issue: 1 Volume: 59 Year: 2001 X-DOI: 10.1080/00346760010017546 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760010017546 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:1:p:109-114 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Lutz Author-X-Name-First: Mark Author-X-Name-Last: Lutz Title: Sorting the Wash Abstract: Journal: Review of Social Economy Pages: 115-125 Issue: 1 Volume: 59 Year: 2001 X-DOI: 10.1080/00346760010017555 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760010017555 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:1:p:115-125 Template-Type: ReDIF-Article 1.0 Author-Name: Theodore Burczak Author-X-Name-First: Theodore Author-X-Name-Last: Burczak Title: Ellerman's Labor Theory of Property and the Injustice of Capitalist Exploitation Abstract: The traditional Marxian arguments for the injustice of capitalist exploitation generally focus on the ownership patterns of productive property. Exploitation is thus viewed either as the result of illegitimate private ownership or as the result of the unequal distribution of productive assets. This paper seeks to contribute a different perspective on the injustice of exploitation. It argues that exploitation violates principles of appropriative and contractual justice, rather than distributive justice. To make this case, the paper shows how Ellerman's labor theory of property might be combined with Resnick and Wolff's Marxian theory of exploitation and enriched by Nussbaum's interpretation of Aristotelian moral theory to challenge the justice of the wage-for-labor-time exchange, without making reference to the existence or distribution of private property. Journal: Review of Social Economy Pages: 161-183 Issue: 2 Volume: 59 Year: 2001 Keywords: Ellerman, Labor Theory Of Property, Exploitation, Justice, Marxism, Aristotle, X-DOI: 10.1080/00346760110035572 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110035572 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:2:p:161-183 Template-Type: ReDIF-Article 1.0 Author-Name: Patrick Welch Author-X-Name-First: Patrick Author-X-Name-Last: Welch Author-Name: J. J. Mueller Author-X-Name-First: J. J. Author-X-Name-Last: Mueller Title: The Relationships of Religion to Economics Abstract: The relationships between religion and economics are both complex and controversial. In this paper is explored one method for organizing those relationships. Four categories are examined which help identify possible options: economics separate from religion economics; in service of religion; religion in service of economics; and religion in union with economics. The paper begins with a definition of what is included under the headings of religion and economics. Next, each of the four categories is described and discussed. Conclusions close the paper. Journal: Review of Social Economy Pages: 185-202 Issue: 2 Volume: 59 Year: 2001 Keywords: Economics And Religion, Economic Methodology And Thought, Social Economics, X-DOI: 10.1080/00346760110035581 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110035581 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:2:p:185-202 Template-Type: ReDIF-Article 1.0 Author-Name: Stephanie Bell Author-X-Name-First: Stephanie Author-X-Name-Last: Bell Author-Name: John Henry Author-X-Name-First: John Author-X-Name-Last: Henry Title: Hospitality versus Exchange: The Limits of Monetary Economies Abstract: This paper attempts to specify theoretically the origins of money. Rather than the exchange-based view of neoclassical economists where money is seen as a transaction cost-reducing instrument (and where exchange itself is asserted to be a universal phenomenon), we argue that money is a social relationship, specifically a debt relationship, that emerges with propertied, class society. "Primitive" (pre-class) society could not generate money, as the rule of hospitality, universally practiced among such organizations, precluded debt and the self-interested behavior that is consistent with debt. Adopting the Chartalist position on the matter, we show that money is symptomatic of privilege, of inequality, of economic and political power. Journal: Review of Social Economy Pages: 203-226 Issue: 2 Volume: 59 Year: 2001 Keywords: Chartalism, Debt, Exchange, Hospitality, Money, Property, X-DOI: 10.1080/00346760110036166 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110036166 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:2:p:203-226 Template-Type: ReDIF-Article 1.0 Author-Name: Jouni Paavola Author-X-Name-First: Jouni Author-X-Name-Last: Paavola Title: Towards Sustainable Consumption: Economics and Ethical Concerns for the Environment in Consumer Choices Abstract: The article examines individual action informed by ethical concerns for the environment as a strategy for moving toward more sustainable consumption. The article first employs a model of rational choice to analyze independent consumer choices among the usually assumed self- and welfare-centered consumers and then expands the model to analyze the implications of other than self- and welfare-centered motivations for consumer choice. The article next analyzes interdependent consumer choices informed by self- and welfare-centered values with the help of a simple game-theoretic model and then moves on to examine the implications of nonutilitarian environmental concerns for interdependent consumer choice in the same game-theoretic framework. The article concludes that although a strategy based on individual action may have limited promise when environmental concerns are widely shared, the case for collective action remains strong because of both efficiency and equity reasons. Journal: Review of Social Economy Pages: 227-248 Issue: 2 Volume: 59 Year: 2001 Keywords: Consumer Choice, Environment, Rationality, Preferences, Values, Sustainability, X-DOI: 10.1080/00346760110036175 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110036175 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:2:p:227-248 Template-Type: ReDIF-Article 1.0 Author-Name: Bijou Yang Lester Author-X-Name-First: Bijou Yang Author-X-Name-Last: Lester Author-Name: Roger McCain Author-X-Name-First: Roger Author-X-Name-Last: McCain Title: An Equity-based Redefinition of Underemployment and Unemployment and Some Measurements Abstract: An attempt is made in this article to redefine underemployment and unemployment without making reference to an excess supply of labor or any causal mechanism of unemployment. Instead, underemployment and unemployment are defined in terms of equity which draws upon the individual's preferences. A specific proposal is that underemployment be defined by the presence of contribution inequity relative to at least half the persons employed in a field that the underemployed person might prefer to move into. Empirically, most recent survey data on preferences for contingent and other nontraditional employment are used to illustrate the application of the concept. The major finding is that nearly 10 million Americans in the nontraditional workforce are underemployed. Journal: Review of Social Economy Pages: 133-159 Issue: 2 Volume: 59 Year: 2001 Keywords: Underemployment, Unemployment, Contingent Employment, Consumption Inequity, Contribution Inequity, Superfairness, X-DOI: 10.1080/00346760121932 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760121932 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:2:p:133-159 Template-Type: ReDIF-Article 1.0 Author-Name: Warren Samuels Author-X-Name-First: Warren Author-X-Name-Last: Samuels Title: The Political-Economic Logic of World Governance Abstract: The article identifies, neutrally, several factors together making for world governance, by whatever name. These are a desire by people to participate in the making of decisions that affect them in important ways and the growth of international political externalities. The analysis is conducted with consideration given to the nature and scope of governance, vis-a-vis government, the role and significance of international organizations, and the logic of representative democracy. The result amounts to a political equivalent to the merger solution for externalities. Journal: Review of Social Economy Pages: 273-284 Issue: 3 Volume: 59 Year: 2001 Keywords: Externalities, Governance, World Government, Democracy, X-DOI: 10.1080/00346760110053897 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110053897 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:3:p:273-284 Template-Type: ReDIF-Article 1.0 Author-Name: Edward Fullbrook Author-X-Name-First: Edward Author-X-Name-Last: Fullbrook Title: Conceptual Displacement: From the Natural to the Social Abstract: This paper distinguishes between epistemological naturalism, which it supports, and ontological naturalism, which it opposes. It sketches the emergence of anti-naturalist social theory among nineteenth-century African-American intellectuals and its refinement by twentieth-century feminists. These movements challenged ontological naturalism in the social sciences by substituting social constructionist concepts of race and gender for naturalist ones. Economics awaits a similar liberation. The paper identifies four naturalist concepts—atomism, determinism and biologically determined race and gender differences—as structuring mainstream economic theory. It concludes that ontological naturalism is inconsistent with the application of the epistemology of the natural sciences to the social sciences. Journal: Review of Social Economy Pages: 285-296 Issue: 3 Volume: 59 Year: 2001 Keywords: Race And Gender, Methodology, Naturalism, Social Theory, Atomism, Determinism, Neoclassical Economics, X-DOI: 10.1080/00346760110053905 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110053905 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:3:p:285-296 Template-Type: ReDIF-Article 1.0 Author-Name: Kazuya Ishii Author-X-Name-First: Kazuya Author-X-Name-Last: Ishii Title: The Socioeconomic Thoughts of Mahatma Gandhi: As an Origin of Alternative Development Abstract: This paper tries to present the overall socioeconomic thoughts of Mahatma Gandhi as an origin of alternative development. The first section of the paper provides Gandhi's criticism of modern civilization, that of economics and that of Marxist socialism and communism. The second section analyzes his ideas for a "post-modern" construction of India, where his views on Swadeshi (self-reliance), his theory of trusteeship (theory of class and distribution) and his images of an ideal village economy are examined. The paper, referring to the works of E. F. Schumacher and the Other Economic Summit as well, concludes that Gandhian style of development theories have persistently furnished a critique of "modern" ways of thinking and presented alternative visions of socioeconomic development. Journal: Review of Social Economy Pages: 297-312 Issue: 3 Volume: 59 Year: 2001 X-DOI: 10.1080/00346760110053914 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110053914 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:3:p:297-312 Template-Type: ReDIF-Article 1.0 Author-Name: Kelvin Jasek-Rysdahl Author-X-Name-First: Kelvin Author-X-Name-Last: Jasek-Rysdahl Title: Applying Sen's Capabilities Framework to Neighborhoods: Using Local Asset Maps to Deepen Our Understanding of Well-being Abstract: This paper examines how an approach resembling Sen's capabilities framework is being applied by low-income neighborhoods in efforts to strengthen community and improve quality of life for residents. It will begin with a brief review of Sen's capabilities framework, followed by a detailed description of neighborhood resource surveys. A final section will bring the two ideas together and will explain how the work being done in neighborhoods can be viewed as an extension of Sen's approach, deepening our understanding of well-being. Journal: Review of Social Economy Pages: 313-329 Issue: 3 Volume: 59 Year: 2001 Keywords: Sen, Capabilities, Community, Asset Mapping, X-DOI: 10.1080/00346760110053923 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110053923 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:3:p:313-329 Template-Type: ReDIF-Article 1.0 Author-Name: Alan Shipman Author-X-Name-First: Alan Author-X-Name-Last: Shipman Title: Privatized Production, Socialized Consumption? Old Producer Power Behind the New Consumer Sovereignty Abstract: The scepticism of economists—mainstream and heterodox—towards "new economy" ideas goes beyond the indignation of long-established traditions being told to rewrite their basic rules. With its emphasis on trade through interand intra-corporate networks, the "new economy" presents a model of exchange very different from that used by mainstream (neoclassical) economics. Its assurance of equality within the network, like neoclassical economists' equality before the market, is attained only by ignoring the power imbalances built into the new network forms. The enhanced "consumer sovereignty" associated with recent technological change, deregulation and trade integration is shown to be just as open to market power abuses as were consumers in the traditional economy. Rather than representing a break with the past, recent structural changes in highincome economies are argued to continue a long-running trend for consumption and production to be spatially and temporally separated, so that the individual pleasures of the first can counterbalance the collective pressures of the second. Producers remain in control of most supply chains, and the intensification and deskilling of consumption reinforces rather than reverses these same processes in production, by promoting longer work hours and closer pay-performance links. Journal: Review of Social Economy Pages: 331-352 Issue: 3 Volume: 59 Year: 2001 Keywords: Consumption, Network Economy, Market, Information Technology, X-DOI: 10.1080/00346760110053932 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110053932 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:3:p:331-352 Template-Type: ReDIF-Article 1.0 Author-Name: Edward O'Boyle Author-X-Name-First: Edward Author-X-Name-Last: O'Boyle Title: Personalist Economics: Unorthodox and Counter-Cultural Abstract: There are two reasons why personalist economics lies outside the mainstream. Personalist economics (1) rejects the premises of mainstream economics, and (2) takes exception to certain dominant values of today's culture whereas the mainstream is much more at ease with contemporary Western culture. This paper addresses both reasons and is organized accordingly. In it the author argues that the individualism and the autonomous individual of mainstream economics have their roots in the seventeenth-eighteenth century Enlightenment, that is well before the development of electronic means of communication. Personalism and the acting person of personalist economics emerged during the electronic stage of communication and, the author argues, are much better suited to the twenty-first century. The author calls for a reconstruction of economics which would replace the autonomous individual with the acting person. Journal: Review of Social Economy Pages: 367-393 Issue: 4 Volume: 59 Year: 2001 Keywords: Individualism, Personalism, Autonomous Individual, Acting Person, Culture, Human Body And Spirit, Human Individuality And Sociality, X-DOI: 10.1080/00346760110095396 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110095396 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:4:p:367-393 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Defina Author-X-Name-First: Robert Author-X-Name-Last: Defina Author-Name: Kishor Thanawala Author-X-Name-First: Kishor Author-X-Name-Last: Thanawala Title: The Impact of Transfers and Taxes on Alternative Poverty Indexes Abstract: Changes in the headcount rate are the standard metric for gauging how public transfers and taxes affect US poverty. An alternative strategy, one theoretically more appealing and complete, is to rely on distribution-sensitive indexes (Sen 1976, 1981). How would policy's measured impacts change if such an approach were to be used? This study provides empirical evidence using three selected poverty indexes from the class developed by Foster et al . (1984). Pre- and post-policy values of each index are estimated for the total population and for twenty-three demographic sub-groups using data from March Current Population Surveys covering the period 1992 to 1998. The results indicate that the alternative indexes produce consistent ordinal rankings of policy's impact. (In contrast, the measured cardinal effects of policy differ substantially across indexes.) The empirical evidence has a clear implication for anti-poverty policy: government transfers and taxes are effective in lowering poverty headcount rates, in reducing the depth of poverty and in lessening the relative deprivation among the poor. Journal: Review of Social Economy Pages: 395-416 Issue: 4 Volume: 59 Year: 2001 Keywords: Poverty Measurement, Distribution-Sensitive Poverty Indexes, Anti-POVERTY Policy, X-DOI: 10.1080/00346760127070 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760127070 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:4:p:395-416 Template-Type: ReDIF-Article 1.0 Author-Name: Irmi Seidl Author-X-Name-First: Irmi Author-X-Name-Last: Seidl Author-Name: Clem Tisdell Author-X-Name-First: Clem Author-X-Name-Last: Tisdell Title: Neglected Features of the Safe Minimum Standard: Socio-economic and Institutional Dimensions Abstract: This article describes and critically investigates core features of the safe minimum standard of conservation (SMS), as outlined by Ciriacy-Wantrup, which have been neglected, de-emphasized or poorly interpreted. Different ensuing interpretations and developments of SMS, aimed at giving it a theoretical basis and operationalizing it, are scrutinized. It is shown that the definition of features such as irreversibility, uncertainty, threshold and critical zone imply a socio-economic and institutional approach of SMS. Hence, endeavors to find a formal and positive foundation (game theory) or to identify SMS as an adjunct to cost-benefit analysis are unsuccessful. Rather, approaches assigning the definition of acceptable resource use to politics and society conform with SMS (e.g. by political norm setting or societal discourse). Furthermore, the paper discusses close normative relatives of SMS and identifies intragenerational distributional justice as a crucial variable for setting SMS. It is argued that SMS is a socio-economic and institutional approach; this should be the basis for further discussion and development of SMS. Journal: Review of Social Economy Pages: 417-442 Issue: 4 Volume: 59 Year: 2001 Keywords: Safe Minimum Standard, Resource Conservation, Irreversibility, Game Theory, Cost-Benefit Analysis, Social Choice, X-DOI: 10.1080/00346760110081553 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110081553 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:4:p:417-442 Template-Type: ReDIF-Article 1.0 Author-Name: Chris Fuller Author-X-Name-First: Chris Author-X-Name-Last: Fuller Title: The Mind of the Social Individual: A Comment on Sherman and Hodgson Abstract: In the Spring 1998 (56(1): 47-57) and Fall 1998 (56(3): 295-306, 307-310) issues of this review, Howard Sherman and Geoffrey Hodgson debated, inter alia , the extent to which Veblen-Ayres institutionalism is compatible with Marx and recent Marxist work. This paper argues that the differences between Hodgson and Sherman"s positions do not rely on assumptions of "illogical" behavior, individualist arguments or structural conceptions of the individual. Instead, the debate turns on the authors' respective conceptions of the formation and role of the human mind in what it is to be a social individual. Journal: Review of Social Economy Pages: 443-454 Issue: 4 Volume: 59 Year: 2001 Keywords: Marxism, Veblen, Habits, Rationality, Class, Institutions, X-DOI: 10.1080/00346760110081562 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110081562 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:4:p:443-454 Template-Type: ReDIF-Article 1.0 Author-Name: Pamela Cawthorne Author-X-Name-First: Pamela Author-X-Name-Last: Cawthorne Author-Name: Gavin Kitching Author-X-Name-First: Gavin Author-X-Name-Last: Kitching Title: Moral Dilemmas and Factual Claims: Some Comments on Paul Krugman's Defense of Cheap Labor Abstract: In 1998, Paul Krugman published a collection of short polemical essays on economic themes under the title The Accidental Theorist And Other Dispatches from the Dismal Science . Among those essays was one entitled "In Praise of Cheap Labor: Bad Jobs at Bad Wages Are Better than No Jobs at All". This brief article is an extended comment on that piece, which happened to contain factual claims central to the empirical research program of one of us, and ethical and political issues of concern to us both. Our view is that in his essay on cheap labor, (as indeed in many of the others in the collection), Krugman makes some pungent and telling criticisms of other writers on economic matters and—in this particular case—of some analytically weak and ethically dubious claims which are frequently espoused by contemporary anti-capitalist and anti-globalization radicals conventionally regarded as being on the political left. But at the same time—or so we shall argue—his own polemic is, in important ways, undermined by the narrowness of the theoretical framework within which it is constructed, and most especially, by Krugman's almost total lack of an historical perspective in which to see either contemporary debates over global capitalism or the ethical issues at their heart. Journal: Review of Social Economy Pages: 455-466 Issue: 4 Volume: 59 Year: 2001 Keywords: Cheap Labor, Economic Theory, History, Radicalism, X-DOI: 10.1080/00346760110081571 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110081571 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:4:p:455-466 Template-Type: ReDIF-Article 1.0 Author-Name: Barry Clark Author-X-Name-First: Barry Author-X-Name-Last: Clark Author-Name: John Elliott Author-X-Name-First: John Author-X-Name-Last: Elliott Title: John Stuart Mill's Theory Of Justice Abstract: John Stuart Mill has traditionally been portrayed as self-contradictory and failing to construct a unified social theory. Recent scholarship, however, has challenged this view, finding Mill's work to be creatively synthetic in bridging the antinomies inherent in liberal democratic thought. This revisionist interpretation of Mill is advanced by an understanding of his theory of justice and its role in shaping his policy positions on issues such as welfare, education, voting rights, property rights, taxation, government intervention, and the future of capitalism. Journal: Review of Social Economy Pages: 467-490 Issue: 4 Volume: 59 Year: 2001 Keywords: Capitalism, Ethics, Equality, Justice, Liberty, Rights, Security, Socialism, Taxation, Utilitarianism, X-DOI: 10.1080/00346760127100 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760127100 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:4:p:467-490 Template-Type: ReDIF-Article 1.0 Author-Name: Hans Jensen Author-X-Name-First: Hans Author-X-Name-Last: Jensen Title: John Stuart Mill's Theories of Wealth and Income Distribution Abstract: Although he was much influenced by David Ricardo when he wrote the classical part of his Principles , John Stuart Mill was not a Ricardian when he penned his theories of wealth and distribution. They are based on a triple foundation. First, a belief that economics is a moral discipline. Second a theory of custom-driven human behavior. Third, an empirically formed conviction that the institutions of state, education and business cooperate to structure the distribution of income. On the basis of these presuppositions, Mill formulated 1) an institutional theory of the formation of human and non-human wealth and 2) an even more institutional theory of distribution demonstrating how the aforementioned institutions malignantly skew the distribution of income to the advantage of the propertied classes and to the extreme disadvantage of the working class. As a social economist, Mill recommended institutional reforms designed to eradicate the poverty of the working class. Journal: Review of Social Economy Pages: 491-507 Issue: 4 Volume: 59 Year: 2001 Keywords: Capitalism, Classes, Distribution, Education, Institutions, Poverty, Reforms, Utility, Wealth, X-DOI: 10.1080/00346760110081599 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110081599 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:4:p:491-507 Template-Type: ReDIF-Article 1.0 Author-Name: Jennifer Ball Author-X-Name-First: Jennifer Author-X-Name-Last: Ball Title: J. S. Mill on Wages and Women: A Feminist Critique Abstract: "J. S. Mill on Wages and Women" questions the common belief that Mill, despite his feminism, never suggested an end to the sexual division of labor because of his devotion to the concept of efficiency and other tenets of classical economics. A review of Mill's analysis of a competitive labor market indicates that he believed it to be fully consistent with women's equality in the workforce. In fact, in his works on women, it becomes clear that Mill was concerned that the logical extension of classical economic principles might lead to the commodification of domestic duties, including child rearing, a notion he evidently feared. Therefore, it was Mill's fear of, rather than dedication to, extreme allegiance to efficiency and unimpeded capitalism that limited his feminism. Journal: Review of Social Economy Pages: 509-527 Issue: 4 Volume: 59 Year: 2001 Keywords: J. S. Mill, Classical Thought, Economics And Feminism, Occupational Segregation, Sexual Division Of Labor, Domestic Duties, Women'S Wages, X-DOI: 10.1080/00346760110081607 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110081607 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:59:y:2001:i:4:p:509-527 Template-Type: ReDIF-Article 1.0 Author-Name: Lindon Robison Author-X-Name-First: Lindon Author-X-Name-Last: Robison Author-Name: A. Allan Schmid Author-X-Name-First: A. Allan Author-X-Name-Last: Schmid Author-Name: Marcelo Siles Author-X-Name-First: Marcelo Author-X-Name-Last: Siles Title: Is Social Capital Really Capital? Abstract: Social capital has emerged as a paradigm capable of bridging across various social science disciplines. However, its adoption by social scientists from different disciplines has led to multiple and often conflicting definitions. Besides conflicting definitions, some social scientists have argued that social capital lacks the properties of capital and should be called something other than capital. This paper resolves many of the problems created by conflicting definitions by pointing out that the differences have arisen primarily because scientists have included in the definition expressions of its possible uses, where it resides, and how its service capacity can be changed. This paper argues that these applications of social capital should not be included in its definition. This paper also defends the social capital paradigm against the claim that it lacks capital-like properties by pointing out that social capital, when defined as sympathy, has many important capital-like properties including transformation capacity, durability, flexibility, substitutability, opportunities for decay (maintenance), reliability, ability to create other capital forms, and investment (disinvestment) opportunities. Finally, this paper compares social capital to other forms of capital including cultural capital and human capital. Journal: Review of Social Economy Pages: 1-21 Issue: 1 Volume: 60 Year: 2002 Keywords: Sympathy, Social Capital, Cultural Capital, Organizational Capital, Human Capital, Physical Financial Capital, Transformation Capacity, Durability, Flexibility, Substitutability, Decay Maintenance, Reliability, Investment Disinvestment, X-DOI: 10.1080/00346760110127074 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110127074 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:1:p:1-21 Template-Type: ReDIF-Article 1.0 Author-Name: John Tomer Author-X-Name-First: John Author-X-Name-Last: Tomer Title: Human Well-Being: A New Approach Based on Overall and Ordinary Functionings Abstract: This paper develops a concept of human well-being that integrates economic and noneconomic aspects of life. Philosophers, humanistic psychologists, and religious traditions have been very helpful in pointing out the true noneconomic potential of human life. Our new approach to well-being, the overall/ordinary approach includes these higher aspects of human life. In addition to the ordinary adult human functionings, basically the functionings Sen mentions, the new approach includes a group of higher human functionings which are called overall human functioning. To adequately assess a person's or a society's well-being, it is necessary to consider both people's ordinary (or lower) functionings and their overall (or higher) functionings. Raising societal well-being requires capital formation, particularly investment in personal and social capital. Journal: Review of Social Economy Pages: 23-45 Issue: 1 Volume: 60 Year: 2002 Keywords: Human Well-BEING, Functionings, Welfare, Happiness, Humanistic Philosophy And Psychology, Personal Capital, Social Capital, Human Nature, Religion, X-DOI: 10.1080/00346760110127083 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110127083 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:1:p:23-45 Template-Type: ReDIF-Article 1.0 Author-Name: Clive Beed Author-X-Name-First: Clive Author-X-Name-Last: Beed Author-Name: Cara Beed Author-X-Name-First: Cara Author-X-Name-Last: Beed Title: Work Ownership Implications of Recent Papal Social Thought Abstract: This paper examines a particular employment inference of recent Papal social thought, for a Western developed economy context. The Papal documents studied are Centesimus Annus (1991), Sollicitudo Rei Socialis (1987), and Laborem Exercens (1981). The first and shortest section of the paper outlines a number of principles from the encyclicals aiming to guide employment organisation and policy relevant to Western and all economies. To permit their full consideration, an illustration is given how implications affecting forms of employment organization might be drawn from just one of the principles--the right to private property ownership. Private property ownership rights are argued to be constrained in specific ways, to relate instrinsically to employment organization, and to underpin other principles emphasized in the encyclicals, such as the priority of labor over capital. A selection of recent non-official-Church Catholic Social Thought is compared with the approach here. Since the encyclicals deal with issues only at the level of principle, the paper notes cases where attempts have been made to apply some of the employment organizational implications in practice. Journal: Review of Social Economy Pages: 47-69 Issue: 1 Volume: 60 Year: 2002 Keywords: Catholic Social Thought, Employment, Private Ownership, Worker Participation, Esops, Cooperatives, X-DOI: 10.1080/00346760110127092 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110127092 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:1:p:47-69 Template-Type: ReDIF-Article 1.0 Author-Name: Bisakha Sen Author-X-Name-First: Bisakha Author-X-Name-Last: Sen Title: Does Married Women's Market Work Affect Marital Stability Adversely? An Intercohort Analysis Using NLS Data Abstract: Over most of the twentieth century, the U.S. has witnessed considerable increases in divorce rates. Conventional economic literature believes that married women's entry into market work may have contributed to this by decreasing the gains from marriage arising from specialization between spouses. However, since the 1980s, divorce rates have ceased to increase though married women's labor supply continues to rise, suggesting that the relationship has changed across time and birth cohorts. Here I use two cohorts of women, those born between 1944-1954 and those born between 1957-1964, to test whether this is the case. My findings indicate that the detrimental effect of married women's market work on marital stability has indeed decreased substantially across cohorts, and such work may even be beneficial to marital stability among the recent cohort. Therefore, it appears that women's market work can no longer be held culpable for the breaking up of American families. Journal: Review of Social Economy Pages: 71-92 Issue: 1 Volume: 60 Year: 2002 Keywords: Women, Work, Marital, Divorce, Intercohort, Change, X-DOI: 10.1080/00346760110127100 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110127100 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:1:p:71-92 Template-Type: ReDIF-Article 1.0 Author-Name: Sourushe Zandvakili Author-X-Name-First: Sourushe Author-X-Name-Last: Zandvakili Title: Trends in Earnings Inequality among Young Adults Abstract: The initial stage of labor market activity for young adults influences their labor market engagement and earnings profiles over their life cycle. I examine earnings inequality among young adults in a dynamic setting. Education, marital status, race are contributors to the observed earnings inequality. Earnings equalization is observed in the long run, and the proportion of earnings inequality attributed to education, marital status, and race is found to be significant. Journal: Review of Social Economy Pages: 93-107 Issue: 1 Volume: 60 Year: 2002 Keywords: Inequality, Mobility, Generalized Entropy, Nlsy, X-DOI: 10.1080/00346760110127119 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110127119 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:1:p:93-107 Template-Type: ReDIF-Article 1.0 Author-Name: Richard Nelson Author-X-Name-First: Richard Author-X-Name-Last: Nelson Title: Thoughts Stimulated by Reading Geoffrey Hodgson's Economics and Utopia Abstract: Journal: Review of Social Economy Pages: 109-113 Issue: 1 Volume: 60 Year: 2002 X-DOI: 10.1080/00346760110127128 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110127128 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:1:p:109-113 Template-Type: ReDIF-Article 1.0 Author-Name: Jack Vromen Author-X-Name-First: Jack Author-X-Name-Last: Vromen Title: Impurities all around? Some thoughts on Geoffrey M. Hodgson, Economics & Utopia: Why the Learning Economy is not the End of History Abstract: Journal: Review of Social Economy Pages: 115-123 Issue: 1 Volume: 60 Year: 2002 X-DOI: 10.1080/00346760110127137 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110127137 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:1:p:115-123 Template-Type: ReDIF-Article 1.0 Author-Name: Geoffrey Hodgson Author-X-Name-First: Geoffrey Author-X-Name-Last: Hodgson Title: Visions of Mainstream Economics: A Response to Richard Nelson and Jack Vromen Abstract: Journal: Review of Social Economy Pages: 125-133 Issue: 1 Volume: 60 Year: 2002 X-DOI: 10.1080/00346760110127146 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760110127146 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:1:p:125-133 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen Ziliak Author-X-Name-First: Stephen Author-X-Name-Last: Ziliak Title: Pauper Fiction in Economic Science: "Paupers in Almshouses" and the Odd Fit of Oliver Twist Abstract: The almshouse dominated the thinking about poverty and the poor during America's period of industrialization and its greatest economic downturns. Yet economists had surprisingly little to say about the facts of almshouse demography, and what they have written has been a rather bad fiction when seen in contrast with American novels. The main object of the paper is to delineate typical characters and characteristics of almshouses in America, and to examine the plausibility of various literary characterizations in light of the facts. The data certainly suggest new stories about paupers in American history: economists, and even the new social historians, have gotten it wrong. Between the Civil War and the Great Depression, the typical pauper living in an almshouse was not Oliver Twist (as many believe). He was not the Shiftless Man of the classical imagination (as Malthusians and Benthamites believe). The typical pauper of an American almshouse was plural. Instructive examples in American literature include Lennie, of Steinbeck's Of Mice and Men ; Denver, of Toni Morrison's Beloved ; Mrs. Thomson, of Edward Eggleston's The Hoosier School-Master ; and Forrest Gump, of Winston Groom's Forrest Gump . Journal: Review of Social Economy Pages: 159-181 Issue: 2 Volume: 60 Year: 2002 Keywords: Welfare, Poverty, History, Rhetoric, Fiction, Classical Economists, X-DOI: 10.1080/00346760210146622 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760210146622 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:2:p:159-181 Template-Type: ReDIF-Article 1.0 Author-Name: William Dugger Author-X-Name-First: William Author-X-Name-Last: Dugger Author-Name: Howard Sherman Author-X-Name-First: Howard Author-X-Name-Last: Sherman Title: Response To Three Reviews Abstract: Journal: Review of Social Economy Pages: 307-311 Issue: 2 Volume: 60 Year: 2002 X-DOI: 10.1080/0034676022000017525 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676022000017525 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:2:p:307-311 Template-Type: ReDIF-Article 1.0 Author-Name: Jochen Runde Author-X-Name-First: Jochen Author-X-Name-Last: Runde Title: Information, Knowledge and Agency: The Information Theoretic Approach and the Austrians Abstract: Both the Information Theoretic Economics and Austrian Economics investigate the impact on market activity of problems of information and knowledge. The conceptions of information and knowledge they employ, however, as well as their respective views on and treatment of economic agency, are quite different. The purpose of this paper is to examine these differences, not primarily from an abstract philosophical point of view, but by looking at substantive examples of the economics offered by the two approaches. An attempt is made to explain the Austrian preference for non-formalist approaches to economic analysis. Journal: Review of Social Economy Pages: 183-208 Issue: 2 Volume: 60 Year: 2002 Keywords: Economics Of Information, Austrian Economics, Agency Theory, Asymmetric Information, Economic Explanation, X-DOI: 10.1080/00346760210146613 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760210146613 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:2:p:183-208 Template-Type: ReDIF-Article 1.0 Author-Name: Alfonso Sousa-Poza Author-X-Name-First: Alfonso Author-X-Name-Last: Sousa-Poza Author-Name: Fred Henneberger Author-X-Name-First: Fred Author-X-Name-Last: Henneberger Title: An Empirical Analysis of Working-Hours Constraints in Twenty-one Countries Abstract: The aim of this paper is to analyze working-hour constraints in an international setting. We use data from the latest Work Orientations data set of the International Social Survey Program (ISSP). The survey was conducted in 1997 and, in this paper, data for twenty-one countries are used. Our main results are: (1) In most countries the majority of workers do not face hours constraints; (2) Of the workers that are constrained, the largest portion is underemployed. Only in Denmark, Norway, and Switzerland is this not the case; (3) Workers in the five Eastern European countries considered here are among the most constrained; (4) A comparison with the 1989 ISSP data set reveals that hours constraints have increased in Israel, the United States, and West Germany and decreased in Great Britain and Norway in the 1990s; (5) GDP per capita and unemployment levels are correlated with hours constraints; (6) A multivariate analysis shows that certain socio-demographic characteristics and work conditions influence hours constraints and that these factors differ across countries. Journal: Review of Social Economy Pages: 209-242 Issue: 2 Volume: 60 Year: 2002 Keywords: Working Time, Desired Working Time, Hours Constraints, Crossnational Analysis, X-DOI: 10.1080/00346760210146235 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760210146235 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:2:p:209-242 Template-Type: ReDIF-Article 1.0 Author-Name: Giuseppe Fontana Author-X-Name-First: Giuseppe Author-X-Name-Last: Fontana Author-Name: Bill Gerrard Author-X-Name-First: Bill Author-X-Name-Last: Gerrard Title: The Significance of the Monetary Context of Economic Behavior Abstract: The dominant paradigm in economics views economic behavior as allocative activity in a neutral, C-M-C' economy. As a consequence, money is treated as a veil that is inessential to the real functioning of the economic system. This paper argues that one of Keynes's fundamental insights is the significance of the monetary context of economic behavior. This insight has been developed by the post-Keynesian theory of money as a "time-machine vehicle" that provides the causal link between uncertainty and unemployment. The Circuitist theory of money as the means of final payment provides a complementary radical perspective on the significance of the monetary context. This paper investigates the methodological and theoretical implications of these radical monetary theories and assesses their contribution towards the development of a general theory of a monetary production, M-C-M' economy. Journal: Review of Social Economy Pages: 243-262 Issue: 2 Volume: 60 Year: 2002 Keywords: Keynes, Post-KEYNESIAN, Circuitist, Money, Uncertainty, Encompassing Principle, X-DOI: 10.1080/00346760210146587 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760210146587 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:2:p:243-262 Template-Type: ReDIF-Article 1.0 Author-Name: Ken McCormick Author-X-Name-First: Ken Author-X-Name-Last: McCormick Title: Veblen and the New Growth Theory: Community as the Source of Capital's Productivity Abstract: A century ago Thorstein Veblen argued that knowledge, which is produced and possessed by the community as a whole, is the foundation on which the productivity of "capital" rests. Orthodox economists chose to ignore Veblen and instead accepted John Bates Clark's definition of capital and the marginal productivity theory that goes with it. Recently, however, mainstream economists working on the "New Growth Theory" have rejected Clark's approach and have redefined capital so as to emphasize the importance of knowledge as well as its social character. Nevertheless, they still have an important lesson to learn from Veblen about growth, namely that technological development is nothing less than a process of cultural transformation. Journal: Review of Social Economy Pages: 263-277 Issue: 2 Volume: 60 Year: 2002 Keywords: Veblen, New Growth Theory, Technological Change, Capital, X-DOI: 10.1080/00346760210146596 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760210146596 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:2:p:263-277 Template-Type: ReDIF-Article 1.0 Author-Name: Mayo Toruno Author-X-Name-First: Mayo Author-X-Name-Last: Toruno Title: Marxism, Institutionalism and Social Evolution Abstract: Journal: Review of Social Economy Pages: 279-281 Issue: 2 Volume: 60 Year: 2002 X-DOI: 10.1080/00346760210146604 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760210146604 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:2:p:279-281 Template-Type: ReDIF-Article 1.0 Author-Name: Enrico Marcelli Author-X-Name-First: Enrico Author-X-Name-Last: Marcelli Title: Review Essay of Dugger and Sherman's Reclaiming Evolution (Routledge 2000): Implications for the Study of Social Conflict in US Metropolitan Regions Abstract: Journal: Review of Social Economy Pages: 283-289 Issue: 2 Volume: 60 Year: 2002 X-DOI: 10.1080/0034676022000017499 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676022000017499 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:2:p:283-289 Template-Type: ReDIF-Article 1.0 Author-Name: John Bellamy Foster Author-X-Name-First: John Bellamy Author-X-Name-Last: Foster Title: An Evolutionary Critique of Economics in the Making Abstract: Journal: Review of Social Economy Pages: 291-297 Issue: 2 Volume: 60 Year: 2002 X-DOI: 10.1080/0034676022000017507 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676022000017507 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:2:p:291-297 Template-Type: ReDIF-Article 1.0 Author-Name: John Henry Author-X-Name-First: John Author-X-Name-Last: Henry Title: "Enabling Myths": A Critique of Dugger and Sherman, Reclaiming Evolution , Chapter 4 Abstract: Journal: Review of Social Economy Pages: 299-305 Issue: 2 Volume: 60 Year: 2002 X-DOI: 10.1080/0034676022000017516 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676022000017516 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:2:p:299-305 Template-Type: ReDIF-Article 1.0 Author-Name: Robert McMaster Author-X-Name-First: Robert Author-X-Name-Last: McMaster Title: Introduction: Reform in the Provision of Health Care Abstract: Journal: Review of Social Economy Pages: 323-329 Issue: 3 Volume: 60 Year: 2002 X-DOI: 10.1080/0034676021000013331 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676021000013331 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:3:p:323-329 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Keaney Author-X-Name-First: Michael Author-X-Name-Last: Keaney Title: Unhealthy Accumulation: The Globalization of Health Care Privatization Abstract: Health care reform in the industrialized countries, enacted during the last two decades, is entering a new phase of consolidation and further development, now extending to the less developed countries. This marks a significant element of the more general phenomenon commonly referred to as "globalization." This paper examines how the processes of institutional reform and adjustment have been and are being managed, toward the projected end of a global regulatory regime governing trade in health services. Elaborated are the complex interplays between local and international actors, ideologies and technologies. The paper concludes by forecasting the likely trajectory of future institutional adjustments based on an extrapolation of the foregoing. Journal: Review of Social Economy Pages: 331-357 Issue: 3 Volume: 60 Year: 2002 Keywords: Health Care, Globalization, Trade, Regulation, Economic Policy, Accounting, X-DOI: 10.1080/0034676021000013430 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676021000013430 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:3:p:331-357 Template-Type: ReDIF-Article 1.0 Author-Name: Evelyn Forget Author-X-Name-First: Evelyn Author-X-Name-Last: Forget Title: National Identity and the Challenge of Health Reform in Canada Abstract: Health reform remains the most contentious policy issue in Canada. Medicare is subject to the same political forces that demand state retrenchment in other areas, but it has escaped wholesale reorganization because of the commitment of Canadians to the principles of medicare, because the provinces and the federal government remain locked in a battle about provincial autonomy, and because the existing system serves the interests of various professional groups including organized medicine. Nevertheless, reform and, especially, expansion of coverage is essential if the existing system is to be sustained. The most encouraging aspect of current debate is the recognition that we can look beyond the U.S. for reforms more consistent with the underlying values of Canadians than is the U.S. system. Journal: Review of Social Economy Pages: 359-375 Issue: 3 Volume: 60 Year: 2002 Keywords: Health Care, Reform, Health Economics, Neo-LIBERALISM, Medicare, Social Values, X-DOI: 10.1080/0034676021000013368 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676021000013368 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:3:p:359-375 Template-Type: ReDIF-Article 1.0 Author-Name: Kor Grit Author-X-Name-First: Kor Author-X-Name-Last: Grit Author-Name: Wilfred Dolfsma Author-X-Name-First: Wilfred Author-X-Name-Last: Dolfsma Title: The Dynamics of the Dutch Health Care System--A Discourse Analysis Abstract: In this article, we analyze recent dynamics of the Dutch health care sector, a hybrid system of public, private and professional elements, in terms of clashing discourses. Although these elements are intricately interwoven, this does not mean that the system is stable. Most notably, since the eighties the introduction of more market elements in the health care system has been widely debated. Hospitals introduced different methods commonly used in businesses, for instance. The position of managers in the institutions of health care has become more central. A discourse analysis shows the concomitant patterns of institutional change in the health care sector. We distinguish four different discourses concerning health care: economic, political, medical-professional and caring discourses. These different discourses give rise to, for example, different views of good care, the character and position of the patient, and leadership in health care organizations--views that sometimes clash intensely. Journal: Review of Social Economy Pages: 377-401 Issue: 3 Volume: 60 Year: 2002 Keywords: Health Care System, The Netherlands, Discourse Analysis, Institutional Change, Modernization, ECONOMIZATION, Health Care Management, X-DOI: 10.1080/0034676021000013377 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676021000013377 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:3:p:377-401 Template-Type: ReDIF-Article 1.0 Author-Name: Robert McMaster Author-X-Name-First: Robert Author-X-Name-Last: McMaster Title: A Socio-instutionalist Critique of the 1990s' Reforms of the United Kingdom's National Health Service Abstract: This paper argues that the on-going reforms to the UK's National Health Service initiated in the 1990s represent potentially profound institutional change to the values underpinning the process of care. The market-orientation of the reforms is highlighted, and it is asserted that the theoretical rationale for this is informed by the nascent neoclassical health economics and new institutionalist literatures, which exhibit utilitarian propensities in that both stress outcomes and at best relegate process. Drawing from the seminal contribution of Thorstein Veblen, the paper argues that market-oriented reform in the UK may induce a shift from a Hippocratic ethos to a more individualistic value system. Journal: Review of Social Economy Pages: 403-433 Issue: 3 Volume: 60 Year: 2002 Keywords: Institutional Change, Neoclassical Health Economics, Reform, Utilitarianism, X-DOI: 10.1080/0034676021000013386 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676021000013386 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:3:p:403-433 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Lawlor Author-X-Name-First: Michael Author-X-Name-Last: Lawlor Title: Academic Medicine Under Economic Stress: A Case Study of the Institutional Change Transforming American Health Care Abstract: American Academic medicine--the system of education and research that trains the coming generations of physicians, produces new basic and clinical bio-medical research and provides the medical safety net in many U.S. urban areas--is in a funding crisis. This essay lays out an historical and analytical account of the institutions, functions and funding mechanisms of this enterprise. The objective is to interpret the forces that led to the current impasse in which the medical education establishment now finds itself, and what the future is likely to hold as the forces of budgetary stringency and market competition continue to accelerate. A comprehensive review of the cross-subsidy system, its intricate relationship to the federal financing of health care and its origin in the Vannevar-Bush-inspired post-war research establishment is offered. The standpoint of economic theory is then taken to suggest that the intertwined functions of academic medicine be viewed from two perspectives. One, it can be viewed as a financially unnecessary mix of public and private goods. Two, it is an institutional framework for joint production that evolved under the post-Flexner, post-Bush era reforms of scientific medicine, but which now may be in need of modifications to its mission. Journal: Review of Social Economy Pages: 435-469 Issue: 3 Volume: 60 Year: 2002 Keywords: American Health Care System, Academic Medicine, Costs, Cost Shifting, Managed Care, Medical Education Funding, Balance Budget Act 1977, X-DOI: 10.1080/0034676021000013403 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676021000013403 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:3:p:435-469 Template-Type: ReDIF-Article 1.0 Author-Name: Anthony Scaperlanda Author-X-Name-First: Anthony Author-X-Name-Last: Scaperlanda Title: Global Society in 2052 Abstract: A globalized economy is a fact of life in 2002. Will globalization be sustained for the next fifty years? Yes, is the answer if the goals and procedures of multilateral organizations such as the IMF are refocused and if a new social contract is developed among employers, workers, and governments at all levels. Guidelines for shaping the new social contract are outlined. They are taken from the writings of Thomas Friedman and Pope John Paul II. Journal: Review of Social Economy Pages: 491-505 Issue: 4 Volume: 60 Year: 2002 Keywords: Countervailing Power, Economic Globalization, European Union, Multilateral Organizations, Multinational Enterprise Mne, Social Contract, Social/ECONOMIC Justice, X-DOI: 10.1080/0034676022000028037 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676022000028037 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:4:p:491-505 Template-Type: ReDIF-Article 1.0 Author-Name: Jeffrey James Author-X-Name-First: Jeffrey Author-X-Name-Last: James Title: Information Technology, Transactions Costs and Patterns Of Globalization in Developing Countries Abstract: Though there are a number of mechanisms through which information technology promotes globalization, what is common to these mechanisms is that they can all be interpreted as a reduction in transactions costs between the trading partners. Thus interpreted, we show that developing countries differ in the extent to which, via reductions in transactions costs, they gain from increased trade and foreign investment as ratios to total output. Journal: Review of Social Economy Pages: 507-519 Issue: 4 Volume: 60 Year: 2002 Keywords: Information Technology, Transactions Costs And Globalization, X-DOI: 10.1080/0034676022000028046 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676022000028046 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:4:p:507-519 Template-Type: ReDIF-Article 1.0 Author-Name: Donald Richards Author-X-Name-First: Donald Author-X-Name-Last: Richards Title: The Ideology of Intellectual Property Rights in the International Economy Abstract: Since the arrival of the World Trade Organization (WTO) in 1995 a number of side agreements have also been negotiated that seek further rationalization of the emerging global economy. Prominent among these is the agreement on Trade-Related Intellectual Property Rights, or TRIPS. Enforcement of the TRIPS agreement would involve the multilateral trade sanctions mechanism of the WTO. This paper examines justificatory arguments for the defense of intellectual property rights in the international economy. These arguments are based on the "classic" philosophic writings of Locke, Hegel, and Bentham. It is found that these well-known philosophic defenses for exclusive property rights do not hold up well when applied to intellectual property. Journal: Review of Social Economy Pages: 521-541 Issue: 4 Volume: 60 Year: 2002 Keywords: Intellectual Property, Trips, Wto, Philosophy, Property Rights, X-DOI: 10.1080/0034676022000028055 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676022000028055 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:4:p:521-541 Template-Type: ReDIF-Article 1.0 Author-Name: Barbara Wiens-Tuers Author-X-Name-First: Barbara Author-X-Name-Last: Wiens-Tuers Author-Name: Elizabeth Hill Author-X-Name-First: Elizabeth Author-X-Name-Last: Hill Title: Do They Bother? Employer Training of Temporary Workers Abstract: Using the backdrop of an economy emerging from a decade of restructuring and on the brink of the longest expansion on record, this paper is an exploratory work that examines employer-provided training to temporary workers and the characteristics of firms associated with that training. The focus is on the training of two types of temporary workers: intermediated workers employed by temporary agencies and working for other firms and "in-house" temporary workers who are employed by the firm for which they are working. Results indicate that factors associated with the training of regular or standard employees differ from those factors associated with the training of temporaries. Further, factors associated with the training of the two types of temporary workers differ. Journal: Review of Social Economy Pages: 543-566 Issue: 4 Volume: 60 Year: 2002 Keywords: Nonstandard Work, Training, On-THE-JOB Training, Temporary Workers, Informal Training, Intermediated Workers, X-DOI: 10.1080/0034676022000028064 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676022000028064 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:4:p:543-566 Template-Type: ReDIF-Article 1.0 Author-Name: Douglas Mair Author-X-Name-First: Douglas Author-X-Name-Last: Mair Author-Name: Anthony Laramie Author-X-Name-First: Anthony Author-X-Name-Last: Laramie Title: Full Employment: Gift Horse or Trojan Horse? Abstract: Kalecki's 1943 essay Political Aspects of Full Employment (PAFE) is widely recognised as a seminal essay in the theory of the political business cycle. The paper argues that PAFE may also be interpreted as an early recognition by Kalecki of the phenomenon of rent seeking. Kalecki's discussion of the rent-seeking behavior of businessmen is shown to have anticipated Olson's subsequent theory of distributional coalitions. A Kalecki-Olson analysis provides an explanation for the movement in income shares in the UK since 1975. Journal: Review of Social Economy Pages: 567-593 Issue: 4 Volume: 60 Year: 2002 Keywords: Kalecki, Olson, Political Business Cycles, Income Shares, X-DOI: 10.1080/0034676022000028073 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676022000028073 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:4:p:567-593 Template-Type: ReDIF-Article 1.0 Author-Name: John Henry Author-X-Name-First: John Author-X-Name-Last: Henry Title: Marx, Veblen and Contemporary Institutional Political Economy : Henry on O'Hara Abstract: Journal: Review of Social Economy Pages: 595-602 Issue: 4 Volume: 60 Year: 2002 X-DOI: 10.1080/0034676022000028082 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676022000028082 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:4:p:595-602 Template-Type: ReDIF-Article 1.0 Author-Name: Howard Sherman Author-X-Name-First: Howard Author-X-Name-Last: Sherman Title: Marxist Institutionalism Abstract: Journal: Review of Social Economy Pages: 603-608 Issue: 4 Volume: 60 Year: 2002 X-DOI: 10.1080/0034676022000028091 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676022000028091 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:4:p:603-608 Template-Type: ReDIF-Article 1.0 Author-Name: Phillip Anthony O'Hara Author-X-Name-First: Phillip Anthony Author-X-Name-Last: O'Hara Title: The Role of Institutions and the Current Crises of Capitalism: A Reply to Howard Sherman and John Henry Abstract: Journal: Review of Social Economy Pages: 609-618 Issue: 4 Volume: 60 Year: 2002 X-DOI: 10.1080/0034676022000028109 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676022000028109 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:60:y:2002:i:4:p:609-618 Template-Type: ReDIF-Article 1.0 Author-Name: Elizabeth Oughton Author-X-Name-First: Elizabeth Author-X-Name-Last: Oughton Author-Name: Jane Wheelock Author-X-Name-First: Jane Author-X-Name-Last: Wheelock Title: A capabilities approach to austainable household livelihoods1With thanks to the Economic and Social Research Council for funding 'Enterprising livelihoods in rural households: new and old ways of working' Award number R000238213 on which the empirical work is based. Abstract: The aim of this article is to build a framework with which to compare the reality of household livelihoods and the models put forward by economists and policy makers. It applies Sen's framework of human flourishing to a real world situation with a view to developing the understanding of the relationships between household livelihoods and individual well being. In undertaking this, it contributes to the advancement of the capability approach. The article explores the institutional elements that embed individuals in the wider social relations of household, gender and economy in order to clarify the links between household endowments and individual flourishing. It tests and explores this framework through application to an analysis of microbusiness households in the rural north of England, where insecurity is almost invariably associated with running a business. The conclusions argue that it is impossible to understand the microbusiness enterprise as separate from the household within which it is located, and discuss the implications of this analysis for policy making. Journal: Review of Social Economy Pages: 1-22 Issue: 1 Volume: 61 Year: 2003 Keywords: household livelihoods, well being/flourishing, economics of insecurity, policy models, small business, X-DOI: 10.1080/0034676032000050248 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000050248 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:1:p:1-22 Template-Type: ReDIF-Article 1.0 Author-Name: Geoffrey Schneider Author-X-Name-First: Geoffrey Author-X-Name-Last: Schneider Title: Neoliberalism and economic justice in South Africa: revisiting the debate on economic apartheid Abstract: Although the political environment in South Africa is vastly improved, economic apartheid still exists: the economic divisions along racial lines created by apartheid are still in place today. Despite these divisions, neoliberal economists continue to press for a largely unregulated market system, which is unlikely to improve the lives of most black South Africans. This paper documents the role neoliberal economic theory has played and is continuing to play in frustrating and opposing fundamental change in the distribution of land, income and assets in South Africa. Neoliberal policies stem from an ideological attachment to free markets, rather than a substantive analysis of how market forces play out in an unequal society like that in South Africa. By choosing to focus on narrowly defined economic criteria such as GDP growth and allocative efficiency, neoliberal economists marginalize the vast problems created by inequality and poverty and thus overlook the potential benefits of a redistributive strategy. Neoliberal economic policies have been installed in South Africa by the ANC via GEAR and other policy initiatives, but these policies have made little progress in solving South Africa's economic problems. Journal: Review of Social Economy Pages: 23-50 Issue: 1 Volume: 61 Year: 2003 Keywords: Apartheid, neoliberalism, economic theory, South Africa, X-DOI: 10.1080/0034676032000050257 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000050257 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:1:p:23-50 Template-Type: ReDIF-Article 1.0 Author-Name: Christopher Niggle Author-X-Name-First: Christopher Author-X-Name-Last: Niggle Title: Globalization, Neoliberalism and the attack on social security Abstract: Neoliberal political movements advocate privatization of public pension systems. Globalization imposes pressure on nations to conform to neoliberal policy views with respect to the design and structure of social insurance, including public pension systems. The paper begins with an investigation of the economic, ethical and ideological dimensions of the privatization debates in the U.S.; it argues that privatization advocates may be largely moved by ideology, since the other reasons advanced appear weak or unfounded. The second part discusses the history of Social Security, the purposes for its creation, and some of its economic effects. Differences between public and private pension systems are considered. A brief international comparison of some aspects of public pension system finance and benefit structures is presented. The final section considers the ethical, macroeconomic and distributional implications of privatization, prefunding and payroll tax funding, and argues for a pay as you go system financed with income taxes. In order to promote equity, economic security, community, and social cohesion, public pension systems should be universal in coverage. In order to reduce the inequality, income insecurity, and aged poverty generated by market economies, public pension systems ought to be progressive: benefit/contribution ratios should be inversely proportional to income, and progressive income taxes should finance the system. To promote economic growth, the systems should be financed on a pay-as-you-go basis, and should not be prefunded except for an emergency reserve. The fiscal policy recommendations partially depend upon the theory developed by Abba Lerner in the 1940s, and recently advanced by Wynne Godley and Randy Wray: Lerner's “principle of functional finance.” Journal: Review of Social Economy Pages: 51-71 Issue: 1 Volume: 61 Year: 2003 X-DOI: 10.1080/0034676032000050275 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000050275 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:1:p:51-71 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Peacock Author-X-Name-First: Mark Author-X-Name-Last: Peacock Title: Two-tier rationality and reflexivity: an examination of the foundations of economic reason Abstract: This paper develops a two-tier concept of rationality which broadens the orthodox notion of instrumental rationality in economics. In the first section, I conceive the idea of “background rationality” to consist in the ability to act normally, i.e., according to social conventions appropriate to the context. Background rationality is a necessary condition for the exercise of its instrumental counterpart. Implications and applications of this for economic phenomena are investigated in Section II. The third section draws parallels between the approach to rationality developed in this paper and Thorstein Veblen's notion “habits of thought”. I argue that a viable concept of rationality must itself be subject to explanatory scrutiny and justification and not merely posited as given. Journal: Review of Social Economy Pages: 73-89 Issue: 1 Volume: 61 Year: 2003 Keywords: Rationality, norms, conventions, ethnomethodology, Veblen, X-DOI: 10.1080/0034676032000050301 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000050301 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:1:p:73-89 Template-Type: ReDIF-Article 1.0 Author-Name: Hamid Hosseini Author-X-Name-First: Hamid Author-X-Name-Last: Hosseini Title: Why development is more complex than growth: clarifying some confusions Abstract: Development economics, as the economics of the less advanced nations, emerged during the 1940s and the 1950s. Although many pioneers of this policyrelated branch of economics were aware of the peculiarities of the poor unindustrialized countries, many development economists, unfortunately, ignored the special circumstances of the LDCs and proposed, for these countries, policy prescriptions usually advocated for the more advanced nations. Adhering to monoeconomics, many historians of development thought traced the roots of development to the writings of Adam Smith and other pioneers of modern economics, with roots in Western industrialized societies. Thus,many development economists ignored the realism/relevance required for the study of the LDCs. An unfortunate consequence of the above has been the confusion of development With the less complex notion of growth. This confusion, I argue, led to the use of per capita GDP as the sole measure of development, and to the utilization of the growth models like the Harrod-Domar as the solution by development economists and international agencies. In this essay, attempt has been made to clarify the various confusions about development vs. growth, to demonstrate why development is a lot more complex, and to seek the causes of the confusion. To demonstrate these theoretically, we have utilized various economic tools, including Leibenstein's notion of x-inefficiency and Hla Myint's notion of organizational dualism. Journal: Review of Social Economy Pages: 91-110 Issue: 1 Volume: 61 Year: 2003 Keywords: development, growth, monoeconomics, duo-economics, industrialization, capitalism, the Harrod-Domar model, x-inefficiency, dualism, market failure, conventional economics, Keynesianism, X-DOI: 10.1080/0034676032000050329 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000050329 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:1:p:91-110 Template-Type: ReDIF-Article 1.0 Author-Name: Evelyn Forget Author-X-Name-First: Evelyn Author-X-Name-Last: Forget Title: Passion and craft: economists at work Abstract: Journal: Review of Social Economy Pages: 111-128 Issue: 1 Volume: 61 Year: 2003 X-DOI: 10.1080/0034676032000050266 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000050266 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:1:p:111-128 Template-Type: ReDIF-Article 1.0 Author-Name: Daniel Finn Author-X-Name-First: Daniel Author-X-Name-Last: Finn Title: The moral ecology of markets: on the failure of the amoral defense of markets Abstract: Many economists have defended capitalism; most have tried to do so within the self-imposed methodological constraint that economists should employ only empirical arguments, not normative ones. This essay examines three classic amoral defenses of capitalism—by Milton Friedman, James Buchanan, and Friedrich Hayek—and argues that each fails on its own terms, since each implicitly incorporates moral presumptions essential to the author's argument. Constructively, the essay proposes that no one can adequately endorse (or critique) markets without making a moral evaluation of their context—their “moral ecology.” Four issues are identified as necessarily addressed in every adequate evaluation of markets. The essay does not endorse any one position on these elements, but argues instead that seemingly incommensurable standpoints on markets—ranging from Marxist to libertarian—actually represent positions on the these four basic issues. Journal: Review of Social Economy Pages: 135-162 Issue: 2 Volume: 61 Year: 2003 Keywords: markets, morality, capitalism, Milton Friedman, James Buchanan, Friedrich Hayek, X-DOI: 10.1080/0034676032000098192 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000098192 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:2:p:135-162 Template-Type: ReDIF-Article 1.0 Author-Name: Hans Westlund Author-X-Name-First: Hans Author-X-Name-Last: Westlund Title: Social economy and employment - the case of Sweden Abstract: Recent research has shown growing shares of employment in the social economy (or non-profit sector) both in the European Union and in the United States. In the EU, there seems to be growing hopes that the social economy will be capable of contributing to local progress on the unemployment issue in crisis regions. This paper analyses employment in certain entrepreneurial forms, usually considered belonging to the social economy, in Sweden during the 1990s. The results show considerable regional differences of employment in the social economy, but also that its share of the labor market is very limited. The effect of social-economic organizations on employment, therefore, is probably mainly indirect in as much as they function as platforms for cooperation between firms or else as embryos for enterprises by strengthening local entrepreneurship and helping to nurture a deposit of social capital which has visible effects on private business and jobs. However, these effects need more detailed examinations. Journal: Review of Social Economy Pages: 163-182 Issue: 2 Volume: 61 Year: 2003 Keywords: social economy, third sector, social capital, employment, X-DOI: 10.1080/0034676032000098200 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000098200 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:2:p:163-182 Template-Type: ReDIF-Article 1.0 Author-Name: Tom De Herdt Author-X-Name-First: Tom Author-X-Name-Last: De Herdt Title: Cooperation and fairness: the flood-Dresher experiment revisited Abstract: In this paper we set out to deepen our understanding of the importance of fairness in decision-making within the context of Prisoners' Dilemma games. A review of the “historic” Flood-Dresher experiment provides a useful empirical basis, as it allows us to look in considerable detail at how the experimental players made up their minds. We try out several game-theoretical readings of the experimental results, and find some value in Adam Smith's age-old concept of rules of conduct. We find that fairness considerations are much more than mere excuses for taking a free ride or pointers to focal points. They seem to play a considerable role both at a conscious and at a less-than-conscious level. Journal: Review of Social Economy Pages: 183-210 Issue: 2 Volume: 61 Year: 2003 Keywords: cooperation, fairness, prisoners' dilemma, rules of conduct, X-DOI: 10.1080/0034676032000098219 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000098219 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:2:p:183-210 Template-Type: ReDIF-Article 1.0 Author-Name: Bisakha Sen Author-X-Name-First: Bisakha Author-X-Name-Last: Sen Title: Why do Women feel the way they do about market work: the role of familial, social and economic factors Abstract: Various empirical studies find evidence of that women tend to underestimate the probability that they will work in the market in the future. This can lead to initial under-investment in market human capital and resulting earnings penalties later in life. However, virtually no study investigates the familial, social and economic factors that cause women to plan/expect not to work. Thus the onus of “incorrect” plans is placed wholly on the women, and society absolved of any responsibilities in helping form those plans. This work uses data from the NLSYW and investigates the effects of a wide range of factors on women's future work plans. Results indicate that plans are definitely not formed in a vacuum, and that familial, social and economic circumstances all play a decisive role in shaping them. Some suggestions are made for policy formation to encourage women to plan on working in future. Journal: Review of Social Economy Pages: 211-234 Issue: 2 Volume: 61 Year: 2003 Keywords: Women, work, plans, family, human capital, X-DOI: 10.1080/0034676032000098228 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000098228 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:2:p:211-234 Template-Type: ReDIF-Article 1.0 Author-Name: David Spencer Author-X-Name-First: David Author-X-Name-Last: Spencer Title: Love's labor's lost? the disutility of work and work avoidance in the economic analysis of labor supply Abstract: This paper explores the origins and evolution of the concept of the disutility of work. The original formulation of this concept developed by Stanley Jevons and by Alfred Marshall recognizes the variability of work motives stressing the effects of both the quantity and quality of work on labor supply. Subsequent writers, notably Lionel Robbins, and later Gary Becker, focus on the opportunity cost of work time, to the neglect of the content of work. These writers lose sight of the influence of the nature of work on the supply of labor. Contemporary research on the economics of labor supply, while accepting the presence of agency problems surrounding the enforcement of the labor contract, continues to consign the determinants of work motives to a black box. The new emphasis on the problem of “shirking” by workers, in particular, offers an unbalanced treatment of the causes and consequences of work resistance. Journal: Review of Social Economy Pages: 235-250 Issue: 2 Volume: 61 Year: 2003 Keywords: labor supply, effort, shirking, work motivation, work avoidance, X-DOI: 10.1080/0034676032000098237 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000098237 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:2:p:235-250 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen John Nash Author-X-Name-First: Stephen John Author-X-Name-Last: Nash Title: On pragmatic Philosophy and Knightian uncertainty Abstract: Knight indicates that his proposition of uncertainty is based on two important premises: (a) that the proposition of uncertainty is premised on a reevaluation of the theory of knowledge, and (b) that the primary theory of knowledge used in this re-evaluation may be the Pragmatic theory of knowledge. It is instructive to follow up on the hints that Knight gives, regarding the influences on his work, so as to clarify aspects of Knightian uncertainty for contemporary research. Accordingly, this work first analyzes the main insights of Pragmatic philosophy. Second, the connection between these insights and the definition of Knightian uncertainty is then outlined. Third, some conclusions as to the implications of this analysis are drawn. Journal: Review of Social Economy Pages: 251-272 Issue: 2 Volume: 61 Year: 2003 Keywords: uncertainty, Pragmatic philosophy, Knight, X-DOI: 10.1080/0034676032000098246 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000098246 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:2:p:251-272 Template-Type: ReDIF-Article 1.0 Author-Name: Sabine O'Hara Author-X-Name-First: Sabine Author-X-Name-Last: O'Hara Author-Name: Adelheid Biesecker Author-X-Name-First: Adelheid Author-X-Name-Last: Biesecker Title: Globalization: Homogenization or Newfound Diversity? Abstract: The ongoing expansion of global markets and their concomitant global rules and value systems appears to be unavoidable as international agreements and institutions like the WTO, IMF, World Bank and EU support previously unknown levels of global market liberalization and free trade. National policies and institutions are rendered increasingly powerless in the process. Is the result of the expanding global market and one of its most far reaching regional example, the European Union, a growing loss of national and regional identity and homogenization or are there renewed opportunities for smaller scale, context specific economies and diverse institutions? These are the questions this special issue seeks to examine. It does so by assessing the impact of globalization and European Integration on five Western European economies that exemplify particular social-economic types—the Anglo-Saxon model (Ireland), the Mediterranian model (Italy), the social market model (Germany and France) and the Scandinavian model (Denmark). The introductory chapter starts with a brief discussion of (1) the relevance of globalization to social economics, (2) institutional considerations of globalization pressures and 'pressure-free' spaces and (3) a brief summary of the five contributions to this special issue and their assessment of recent developments in individual member countries of the European Union. While the chapter concludes that the answer to the question “homogenization or diversity” is still out, it observes that much of the answers to the apparent economic efficiency challenges given by the five European economies discussed, resemble each other. The homogenization of the new global reality may, paradoxically, lie in its diverse, yet common solutions. The real challenge may thus well lie in finding ways for these specificities to persist without resorting to the aggressive defense of regional and national identities. Journal: Review of Social Economy Pages: 281-294 Issue: 3 Volume: 61 Year: 2003 Keywords: globalization, European integration, social economy, social capitalism, diversity, X-DOI: 10.1080/0034676032000115787 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000115787 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:3:p:281-294 Template-Type: ReDIF-Article 1.0 Author-Name: Gerry Boucher Author-X-Name-First: Gerry Author-X-Name-Last: Boucher Author-Name: Grainne Collins Author-X-Name-First: Grainne Author-X-Name-Last: Collins Title: Having One's Cake and Being Eaten too: Irish Neo-liberal Corporatism Abstract: This paper argues that neo-liberal globalization has neither homogenized Ireland's institutional social economy nor forced a retreat into an Irish cultural fortress. Instead, the elite community of Irish social partners responded to its own national crisis, American led globalization and European integration by taking the country in two apparently contradictory directions at once: towards European neo-corporatism and Anglo-American neo-liberalism. In so doing, they refashioned Ireland's liberal corporatist welfare state into a new form of Irish neo-liberal corporatism symbolically situated between Boston, Berlin and London. However, it is unclear if the internal tensions generated within Irish society by this attempt to reconcile apparent contradictions, and the changing external environment, will allow the Irish to continue having their cake and eating it too. Journal: Review of Social Economy Pages: 295-316 Issue: 3 Volume: 61 Year: 2003 Keywords: globalization, neo-liberalism, neo-corporatism, Irish institutional social economy, X-DOI: 10.1080/0034676032000115796 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000115796 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:3:p:295-316 Template-Type: ReDIF-Article 1.0 Author-Name: Carmela D'Apice Author-X-Name-First: Carmela Author-X-Name-Last: D'Apice Author-Name: Sebastiano Fadda Author-X-Name-First: Sebastiano Author-X-Name-Last: Fadda Title: The Italian Welfare System in the European Context Abstract: The deep changes that have taken place over the past twenty years in the labor market, demographics, and social disparities have led European countries to reorganize their welfare systems in order to respond more effectively to these challenges. Although several of the European Union's core documents affirm social protection as a fundamental component of European society since it ensures political stability, social cohesion and economic progress, there is significant evidence that today's European countries will follow a United States approach of “minimal social protection” especially in the current climate of liberal ideologies and global market pressures. The erosion of historical commitments to social protection is aided by the fact that a significant number of European voters appear to favor tax reductions and don't seem to make the connection between low taxes and low social services and infrastructure spending. After a brief description of the Italian welfare system, this paper discusses Italy's reforms of the 1990s and reaches the conclusion that actual and planned reforms are paving the way for a residual model of welfare and social protection. It is further argued that a constant re-examination and restructuring of the welfare system is necessary in order to improve its effectiveness in reaching defined goals while at the same time responding to changing economic conditions. However, restructuring efforts should focus on improvements in internal efficiency, rather than on a general reductions of social expenditures. In fact, it is argued that the reduction of social expenditure in itself is neither a necessary consequence of globalization and European unification nor a necessary strategy to remain competitive. It is instead a reflection of cultural leanings and political choices. Journal: Review of Social Economy Pages: 317-339 Issue: 3 Volume: 61 Year: 2003 Keywords: welfare, government expenditures, social cohesion, social support, globalization, X-DOI: 10.1080/0034676032000115804 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000115804 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:3:p:317-339 Template-Type: ReDIF-Article 1.0 Author-Name: Ingo Bode Author-X-Name-First: Ingo Author-X-Name-Last: Bode Title: The creeping disorganization of welfare capitalism or what is the future of Germany's social sector? Abstract: Drawing on the debate over the destiny of the coordinated market economy versus the expanding liberal market model, this article argues that the analysis of the re-regulation of capitalism must address the embedding infrastructure of the market. Since social support sectors are an important part of this embedding infrastructure the article focuses on organizational change within Germany's social sector as a basis for a new perspective on the future of German welfare capitalism and develops a complimentary understanding of the “social sector economy.” The empirical discussion focuses on organizations providing social support services in a direct or indirect way, on the changing environments in which they operate, and on their strategies for coping with change. The discussion indicates that the German model is slowly but surely evolving toward a “disorganized” welfare capitalism shaped by both formal institutional stickiness and considerable change of the social sector's service provisions. While this change leads to more heterogeneous outcomes in terms of welfare it is also conducive to social innovation. Journal: Review of Social Economy Pages: 341-363 Issue: 3 Volume: 61 Year: 2003 Keywords: social economy, welfare, Germany, non-profit organizations, models of capitalism, organizational change, X-DOI: 10.1080/0034676032000115813 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000115813 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:3:p:341-363 Template-Type: ReDIF-Article 1.0 Author-Name: Klaus Nielsen Author-X-Name-First: Klaus Author-X-Name-Last: Nielsen Author-Name: Stefan Kesting Author-X-Name-First: Stefan Author-X-Name-Last: Kesting Title: Small is Resilient—the Impact of Globalization on Denmark Abstract: The aim of this article is to investigate the impact of globalization on the Danish economy. We focus on four possible influences of globalization and European integration (as one of the expressions of globalization) which are widely discussed in the scientific discourse on this topic and appear to be relevant for the Danish case. These dimensions are the reduction of the repertoire and effectiveness of national economic policy, the pressure for industrial restructuring, the seemingly required welfare retrenchment and the ideological implications of globalization as a predominant neo-liberal discourse. On the one hand we discuss Denmark as a typical example of a small European state and a Scandinavian welfare state regime, on the other hand we put emphasis on its nation peculiarities. The article shows that Denmark changed and adapted successfully to challenges of globalization while keeping the core of its particular form of the Scandinavian welfare model. In addition, both its smallness and its distinctive national characteristics equipped Denmark well to turn the impact of globalization into a successful strategy for survival. However, there are indications that the translation of neo-liberal ideas in the Danish negotiated economy will lead to political disruption that challenges fundamental features of the model. Whether this may undermine the dam that had hitherto held back the globalization pressures in the Danish context and secured a response in accordance with the inherited characteristics of the Danish model remains an open question. Journal: Review of Social Economy Pages: 365-387 Issue: 3 Volume: 61 Year: 2003 Keywords: globalization, Scandinavian model, welfare state, industrial structure, economic policy, neoliberal discourse, negotiated economy, X-DOI: 10.1080/0034676032000115822 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000115822 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:3:p:365-387 Template-Type: ReDIF-Article 1.0 Author-Name: Jean-Louis Laville Author-X-Name-First: Jean-Louis Author-X-Name-Last: Laville Title: A New European Socioeconomic Perspective Abstract: Over the past few decades a new associationism and cooperativism perspective that takes on a broader, civil-society and solidarity-based view of the economy has developed in France. This perspective resonates with the long tradition of “reform-economics” that France is known for and expresses an understanding of economic relationships as embedded in non-market and non-monetary social relationships. Such broadly understood conceptions of economic activity defy narrow definitions of profit orientation, production and distribution. Economic activity motives include social and political ones that link 'civil entrepreneurs' in solidarity networks to service recipients and other stakeholders. One of the functional foundations of this new interdependent notion of the economy is the growing 'tertiarization' of economic activities, that is the “intensification of social interactions within productive systems” (Perret and Roustang 1993: 59 - 60). While the market economy is dependent on the non-monetary economy, the tertiarisation of production activities accentuates the interdependence between the market economy and non-market economies. This article seeks to analyze the links between the re-emergence of a civil and solidarity-based economy to the evolution of new forms of public commitment and the changing structures of productive activities in France. It further argues for a theoretical perspective that provides an analytical framework for a more comprehensive approach to the empirical complexity of social economic considerations consisting of three economic spheres: the for-profit economy, the public sector economy and the generally locally based non-monetary reciprocity based economy. Given its ability to link these three poles the civil and solidarity-based economy can revitalize social and political link and consolidate the social fabric while at the same time creating jobs. Yet despite this potential, its mission cannot be to the problems of unemployment and other failures of the market economy. It is instead to facilitate relationships between paid and volunteer work in a context that makes users, workers and volunteers the participants in collectively designed services and economic relationships. Journal: Review of Social Economy Pages: 389-405 Issue: 3 Volume: 61 Year: 2003 Keywords: society, civil non profit organizations, cooperatives, stakeholders, social economics, X-DOI: 10.1080/0034676032000115831 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000115831 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:3:p:389-405 Template-Type: ReDIF-Article 1.0 Author-Name: Jon Wisman Author-X-Name-First: Jon Author-X-Name-Last: Wisman Title: The Scope and Promising Future of Social Economics Abstract: This essay explores the future potential for Social Economics. Since the beginning of modern economics, the mainstream has been steered by what might be called a material progress vision, whereby the generally unacknowledged pesumption is that economic growth will make the good life possible. Accordingly, such potential components of human welfare as more creative and fulfilling work, greater equality in the distribution of opportunity, wealth and income, and a greater degree of community can be more or less ignored for the present. Less guided by this vision, and unfettered by a pretense of value-neutrality, Social Economics does not view such components of welfare as subsidiary to economic growth. Instead, it is more focused upon the wholeness of social life, more concerned with the full requisites of the good and just society. By drawing upon recent work in psychology, sociology, and especially happiness research, Social Economics is found to offer a more promising orientation towards future economic concerns than does mainstream economics. Journal: Review of Social Economy Pages: 425-445 Issue: 4 Volume: 61 Year: 2003 Keywords: Economic visions, happiness, work, community, justice, X-DOI: 10.1080/0034676032000160886 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000160886 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:4:p:425-445 Template-Type: ReDIF-Article 1.0 Author-Name: Rebecca Blank Author-X-Name-First: Rebecca Author-X-Name-Last: Blank Title: Selecting Among Anti-Poverty Policies: Can an Economist be Both Critical and Caring? Abstract: The first part of this paper reviews five major theoretical approaches that describe the fundamental causes of poverty, with particular attention to what these theories imply about government policy towards markets and the need for immediate poverty alleviation. Different causal theories have very different policy implications; it is difficult to recommend specific anti-poverty policies with making assumptions about the nature of economic markets and of individual behavior. The paper ends with comments about how to make these choices, arguing that the greater moral onus one associates with poverty, the more willing one should be to adopt less efficient strategies that do more to raise incomes among the poor. The interconnections between markets and social and political systems—which often disadvantage poor populations—suggests that some market regulations and targeted programs may be necessary to reduce poverty, especially if these can be implemented with minimal corruption and monitored for effectiveness. Journal: Review of Social Economy Pages: 447-469 Issue: 4 Volume: 61 Year: 2003 Keywords: Poverty, income distribution, market systems, policy, X-DOI: 10.1080/0034676032000160949 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000160949 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:4:p:447-469 Template-Type: ReDIF-Article 1.0 Author-Name: William Darity Author-X-Name-First: William Author-X-Name-Last: Darity Title: Will the Poor Always be with Us? Abstract: Journal: Review of Social Economy Pages: 471-477 Issue: 4 Volume: 61 Year: 2003 X-DOI: 10.1080/0034676032000160930 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000160930 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:4:p:471-477 Template-Type: ReDIF-Article 1.0 Author-Name: Nancy Folbre Author-X-Name-First: Nancy Author-X-Name-Last: Folbre Title: Blowing the Whistle on Poverty Policy Abstract: This comment on Rebecca Blank's “Poverty, Policy, and Ethics: Can an Economist be Critical and Caring?” celebrates her insights but argues for an even more critical analysis of the meaning of “caring” in economic discourse. Journal: Review of Social Economy Pages: 479-485 Issue: 4 Volume: 61 Year: 2003 Keywords: poverty, care, families, efficiency, welfare reform, X-DOI: 10.1080/0034676032000160903 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000160903 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:4:p:479-485 Template-Type: ReDIF-Article 1.0 Author-Name: Oren Levin-Waldman Author-X-Name-First: Oren Author-X-Name-Last: Levin-Waldman Title: The Minimum Wage and the Cause of Democracy Abstract: Too often the minimum wage is conceived of as a small policy measure that will be of benefit to only a small segment of the labor market while imposing costs on another segment of the labor market. Unexplored, however, are the larger philosophic questions that such a small measure may actually raise. One such issue is the relationship between the minimum wage and democratic principles. In this paper I argue that the minimum wage furthers the ends of democratic society in that low-wage workers may achieve greater equality of standing with their piers to the extent that income inequality is at all lessened; their autonomy as individuals is enhanced through higher wages, which in turn enables them to claim the benefits of citizenship and participate more effectively in the democratic process; and it fosters greater economic development in that it raises the overall structure of a region and perhaps the productivity of that region. Journal: Review of Social Economy Pages: 487-510 Issue: 4 Volume: 61 Year: 2003 Keywords: minimum wage, democracy, equality, autonomy, empowerment, voice, citizenship, economic development, X-DOI: 10.1080/0034676032000160921 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000160921 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:4:p:487-510 Template-Type: ReDIF-Article 1.0 Author-Name: Veronika Eberharter Author-X-Name-First: Veronika Author-X-Name-Last: Eberharter Title: Structural Features of Female Employment Status and Earnings Mobility: The Experience in Germany Abstract: Structural changes in basic economic indicators, changes in traditional role patterns, and in female employment behavior shed light on the performance of the European labor markets in the 90s. This paper focuses on the cyclical sensitivity of women's employment status and earnings position in Germany. Using data from the German Socio-Economic Panel (GSOEP) we test the hypothesis that labor market adjustments are not gender-neutral but affect women's employment status and women's relative earnings position to a greater extent than those of men. Cross-sectional as well as longitudinal analysis indicate positive effects on female employment status and earnings position during a period with worsening economic indicators. Logistic regression analysis confirms an increasing likelihood of an upward earnings mobility for women in the 90s. Notwithstanding these positive trends the results show that - due to social norms and attitudes - women are still discriminated against in the labor market and in terms of their relative earnings position. Thus social policy is called upon to improve women's social and employment conditions. Journal: Review of Social Economy Pages: 511-533 Issue: 4 Volume: 61 Year: 2003 Keywords: Labor force and employment, size and structure (J210), personal income and wealth distribution (D310), earnings mobility (J60), X-DOI: 10.1080/0034676032000160912 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000160912 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:4:p:511-533 Template-Type: ReDIF-Article 1.0 Author-Name: Krishna Mazumdar Author-X-Name-First: Krishna Author-X-Name-Last: Mazumdar Title: A New Approach to Human Development Index Abstract: Human development Index (HDI) was introduced by the United Nations Development Programme (UNDP) in 1990. For the first four years UNDP used the maximum and the minimum values of the data series to standardize the variables. In 1994 the procedure of standardization was modified with the introduction of arbitrary fixed minimum and maximum values for each variable. Both methods have merits and demerits. The present study proposes an alternative measure of estimating HDI which bridges the gap between the methods of computing HDI proposed by the UNDP in 1990 and 1994. This study also incorporates unadjusted per capita real gross domestic product (PCRGDP) instead of adjusted PCRGDP used by the UNDP. The data from the Human Development Report (HDR) 2000 for 174 countries are used to test the robustness of the suggested index and the results are compared to those of the HDI. Also average values for full sample as well as top 20 percent and bottom 20 percent are offered to show the superiority of our method to that of the UNDP's HDI. Journal: Review of Social Economy Pages: 535-549 Issue: 4 Volume: 61 Year: 2003 Keywords: Human Development Index (HDI), Rescaled New Human Development Index (RNHDI), Fixed goal posts, Moving goal posts, D2- statistics, X-DOI: 10.1080/0034676032000160895 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676032000160895 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:61:y:2003:i:4:p:535-549 Template-Type: ReDIF-Article 1.0 Author-Name: Nancy Folbre Author-X-Name-First: Nancy Author-X-Name-Last: Folbre Author-Name: Robert Goodin Author-X-Name-First: Robert Author-X-Name-Last: Goodin Title: Revealing Altruism Abstract: The traditional neoclassical economic view that preferences are “inscrutable” and can only be revealed through behavior would, if true, make it difficult for altruists to make efficient decisions. We question whether altruism should be defined as a preference that can be revealed, or indeed, as a preference at all. One alternative is to treat altruism as a disposition that can be strengthened or weakened by social institutions. Journal: Review of Social Economy Pages: 1-25 Issue: 1 Volume: 62 Year: 2004 Keywords: altruism as a preference, altruism as a disposition, neoclassical economics, institutions, X-DOI: 10.1080/0034676042000183808 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000183808 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:1:p:1-25 Template-Type: ReDIF-Article 1.0 Author-Name: Lanse Minkler Author-X-Name-First: Lanse Author-X-Name-Last: Minkler Author-Name: Thomas Miceli Author-X-Name-First: Thomas Author-X-Name-Last: Miceli Title: Lying, Integrity, and Cooperation Abstract: While talk is cheap to some, it is expensive to others for whom moral considerations come into play. We employ a simple two-stage modified prisoner's dilemma game where integrity is endowed on a continuum to analyze when agents will lie in random economic interactions. If there is sufficient integrity in the population, all agents make a promise in the first stage to cooperate in the second. Some agents always lie, some always tell the truth, and some behave conditionally. Enhanced cooperation is a byproduct of integrity. In a second random interaction without the possibility of exit, some agents “switch” their behavior, that is, some who lied in the first period now tell the truth in the second (they've “reformed”), and some who told the truth in the first period now lie in the second (they've become “cynical”). Journal: Review of Social Economy Pages: 27-50 Issue: 1 Volume: 62 Year: 2004 Keywords: lying, integrity, cooperation, prisoner's dilemma, moral motivation, X-DOI: 10.1080/0034676042000183817 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000183817 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:1:p:27-50 Template-Type: ReDIF-Article 1.0 Author-Name: Stephanie Bell Author-X-Name-First: Stephanie Author-X-Name-Last: Bell Author-Name: John Henry Author-X-Name-First: John Author-X-Name-Last: Henry Author-Name: L Randall Wray Author-X-Name-First: L Randall Author-X-Name-Last: Wray Title: A Chartalist Critique of John Locke's Theory of Property, Accumulation, and Money: or, is it Moral to Trade Your Nuts for Gold? Abstract: The focus of this paper is John Locke's theoretical defense of economic inequality. It is well known that Locke identified labor as the original and just foundation of property. Succinctly, Locke's was a labor theory of property. Now, while Locke saw private property as legitimate, he proposed that the state of nature within which people interact is part of a social system that is regulated by distinct rules that limit accumulation. There is nothing in Locke's initial argument that allows for unbounded accumulation and consequent inequality. The justification for unbridled accumulation comes later, and rests squarely on Locke's treatment of money as a non-exploitive institution. For Locke, money allows unlimited accumulation while still adhering to the rules he established to govern morally correct behavior. In this paper, we challenge Locke's position by contrasting his exchange-based view of money with the debt-based or Chartalist theory of money. We demonstrate that when money is properly conceived, Locke's own moral strictures regarding property are violated, and his theoretical defense of the accumulation process is undermined. Journal: Review of Social Economy Pages: 51-65 Issue: 1 Volume: 62 Year: 2004 Keywords: accumulation, chartalism, debt, exchange, Locke, money, privilege, property, spoilage, taxes, X-DOI: 10.1080/0034676042000183826 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000183826 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:1:p:51-65 Template-Type: ReDIF-Article 1.0 Author-Name: Laura McCann Author-X-Name-First: Laura Author-X-Name-Last: McCann Title: Induced Institutional Innovation and Transaction Costs: The Case of the Australian National Native Title Tribunal Abstract: The theory of induced innovation says that technological innovations which economize on relatively scarce inputs will be invented and adopted. Hayami and Ruttan have hypothesized that this model also holds for institutional innovations. Coase and Williamson suggest that economic organization, such as vertical integration, is the result of transaction cost minimization. Coase discusses the transaction costs of negotiation versus other alternatives for solving externality problems. This paper brings these previously unconnected threads of the literature together and incorporates transaction costs in an induced institutional innovation model. This conceptual model is brought to bear on the issue of institutional innovations over time in relation to the National Native Title Tribunal. In addition to the reductions in transaction costs from a negotiated settlement rather than litigation, there are other advantages of negotiation. These may include improved “quality” of settlements, improved relations between the negotiating parties, and more timely resolution. Journal: Review of Social Economy Pages: 67-82 Issue: 1 Volume: 62 Year: 2004 Keywords: transaction costs, induced innovation, property rights, X-DOI: 10.1080/0034676042000183835 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000183835 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:1:p:67-82 Template-Type: ReDIF-Article 1.0 Author-Name: Walter Simmons Author-X-Name-First: Walter Author-X-Name-Last: Simmons Author-Name: Rosemarie Emanuele Author-X-Name-First: Rosemarie Author-X-Name-Last: Emanuele Title: Male and Female Recoveries in Medical Malpractice Cases Abstract: This study analyzes male and female recovery resulting from medical malpractice injuries to discern the importance to the recovery differential of gender differences in recoveries for medical malpractice injuries. We find that the pattern of recoveries follows one similar to that found in studying wage differentials between males and females. Differences in the relative magnitudes of foregone earnings and nonmarket loses are reflected in the composition of recoveries. In addition, we find a recovery gap in which females receive substantially less in recoveries when they receive male's average compensation for medical malpractice injuries. However, only a small portion of the male and female recovery differential is explained by the characteristics of the claims, leaving a substantial portion of the differential unexplained. Journal: Review of Social Economy Pages: 83-99 Issue: 1 Volume: 62 Year: 2004 Keywords: malpractice, litigation, recoveries, decomposition, X-DOI: 10.1080/0034676042000183844 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000183844 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:1:p:83-99 Template-Type: ReDIF-Article 1.0 Author-Name: Hans Jensen Author-X-Name-First: Hans Author-X-Name-Last: Jensen Title: Review Essay Abstract: Journal: Review of Social Economy Pages: 101-112 Issue: 1 Volume: 62 Year: 2004 X-DOI: 10.1080/0034676042000183853 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000183853 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:1:p:101-112 Template-Type: ReDIF-Article 1.0 Author-Name: Ellen Mutari Author-X-Name-First: Ellen Author-X-Name-Last: Mutari Title: Brothers and Breadwinners: Legislating Living Wages in the Fair Labor Standards Act of 1938 Abstract: Attention to the implicit and explicit wage theories articulated by economic actors and embedded in public policy reveals the underlying social norms and values in specific historical and industrial contexts. The Fair Labor Standards Act of 1938 (FLSA), the first federal minimum wage legislation in the United States, legitimated and institutionalized the idea that living standards and workers' needs matter in setting wages. They matter not simply in generating labor supply, but as the basis for government intervention in market mechanisms. Rather than viewing market mechanisms and government regulations dichotomously, economic actors debating the FLSA treated both market mechanisms and socially defined living standards as legitimate elements of wage-setting. Wage regulations also, by necessity, must grapple with issues of identity, that is, which workers (especially as defined by class, gender, and race - ethnicity) are deserving of particular living standards. Debates over the language in the FLSA reveal the contested nature of masculinity during the period of economic crisis in the 1930s. Advocates responded by defining a multiplicity of living wages corresponding with different living standards, as well as a multiplicity of strategies for achieving them. Journal: Review of Social Economy Pages: 129-148 Issue: 2 Volume: 62 Year: 2004 Keywords: minimum wage, living wage, New Deal, gender, masculinity, economic policy, X-DOI: 10.1080/00346760410001684415 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760410001684415 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:2:p:129-148 Template-Type: ReDIF-Article 1.0 Author-Name: David Ellerman Author-X-Name-First: David Author-X-Name-Last: Ellerman Title: Autonomy-Respecting Assistance: Toward An Alternative Theory of Development Assistance Abstract: The purpose of this paper is outline an alternative theory of development assistance by analyzing the old strategies for technical cooperation, capacity-building and, in broader terms, development assistance in a way that will point to new strategies. The perspective is the very old idea that the best form of assistance is to help people help themselves. The problem is how can the helpers supply help that actually furthers rather than overrides or undercuts the goal of the doers helping themselves? This problem of supplying help to self-help, “assisted self-reliance” or assisted autonomy, is the fundamental conundrum of development assistance. The forms of help that override or undercut people's capacity to help themselves will be called “unhelpful help.” These two overriding and undercutting forms of unhelpful help are analyzed and strategies for autonomy-respecting help are presented. Moreover the volitional and cognitive sides of development assistance are given separate but parallel treatment. Journal: Review of Social Economy Pages: 149-168 Issue: 2 Volume: 62 Year: 2004 Keywords: development assistance, unhelpful help, social engineering, benevolent help, autonomy-respecting assistance, volitional and cognitive aspects, X-DOI: 10.1080/00346760410001684424 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760410001684424 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:2:p:149-168 Template-Type: ReDIF-Article 1.0 Author-Name: Frederic Lee Author-X-Name-First: Frederic Author-X-Name-Last: Lee Author-Name: Steve Keen Author-X-Name-First: Steve Author-X-Name-Last: Keen Title: The Incoherent Emperor: A Heterodox Critique of Neoclassical Microeconomic Theory Abstract: It is somewhat common for heterodox economists to come to the defense of neoclassical microeconomic theory. This is due to many reasons, but perhaps the commonest one is ignorance. It seems that most heterodox economists are not aware of the many critiques or that as a collective they completely undermine neoclassical theory. The objective of the article is to dispel ignorance by using the existing criticisms to delineate a systematic critique of the core components of neoclassical microeconomic theory: the supply and demand explanation of the price mechanism and its application to competitive markets. The critique starts by examining the choices, preferences, utility functions, and demand curves, followed by examining production, costs, factor input demand functions and partial equilibrium, and ending with perfect competition and the supply curve. In the conclusion, the implications of the results will be extended to the firm and imperfectly competitive markets, and then the question whether general equilibrium theory or game theory can save neoclassical microeconomic theory. Journal: Review of Social Economy Pages: 169-199 Issue: 2 Volume: 62 Year: 2004 Keywords: neoclassical microeconomic theory, heterodox critique, X-DOI: 10.1080/00346760410001684433 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760410001684433 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:2:p:169-199 Template-Type: ReDIF-Article 1.0 Author-Name: Joseph Eisenhauer Author-X-Name-First: Joseph Author-X-Name-Last: Eisenhauer Title: Economic Models of Sin and Remorse: Some Simple Analytics Abstract: Economists have recently shown a renewed interest in studying immoral behavior and the feelings of guilt or remorse that such acts engender. Yet the research in this nascent literature has generally lacked mathematical rigor and precision, and the disparate models have not been reconciled with one another. The present paper reviews and formalizes several such efforts in an attempt to form a more unified starting point for future research in this area. Journal: Review of Social Economy Pages: 201-219 Issue: 2 Volume: 62 Year: 2004 Keywords: morality, sin, contrition, remorse, X-DOI: 10.1080/00346760410001684442 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760410001684442 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:2:p:201-219 Template-Type: ReDIF-Article 1.0 Author-Name: John Marangos Author-X-Name-First: John Author-X-Name-Last: Marangos Title: Was Shock Therapy Consistent with Democracy? Abstract: The transition process in Russia and Eastern Europe was dominated in the literature and in policy making by the shock therapy process. However, shock therapy was short-lived. Governments that implemented shock therapy were not able to sustain the reform program since they lost power after the first term as a result of unfavourable electoral results. The new governments implemented gradualism. While after the first term shock therapy governments were substituted by gradualists, a government in favour of shock therapy never substitute any gradualist governments. The aim of the paper is to demonstrate that shock therapy was inconsistent with a democratic process of decision-making. Actually shock therapy was only consistent with a pluralistic political structure in the tradition of Hayek, Buchanan and Friedman. Foreign aid was inadequate to ensure the continuation of the shock therapy reforms within a democratic environment. Journal: Review of Social Economy Pages: 221-243 Issue: 2 Volume: 62 Year: 2004 Keywords: shock therapy, democracy, foreign aid, economic reforms, X-DOI: 10.1080/00346760410001684451 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760410001684451 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:2:p:221-243 Template-Type: ReDIF-Article 1.0 Author-Name: Kenneth Greene Author-X-Name-First: Kenneth Author-X-Name-Last: Greene Author-Name: Bong Joon Yoon Author-X-Name-First: Bong Joon Author-X-Name-Last: Yoon Title: Religiosity, Economics and Life Satisfaction Abstract: This paper uses a large individual data set from the Euro Barometer Survey (ICPSR 1993) to estimate the influence of religious phenomena on self-perceived satisfaction of an individual, controlling for macroeconomic conditions, effects of his political stance, and other socio-economic variables. Our estimated ordered logit model results show that an individual's life satisfaction is positively related to measures of strong religious attachment in the sense of being willing to commit to attending religious services frequently. Our other findings include that no strong evidence exists for the hypothesis that leftists suffer more from income inequality. Journal: Review of Social Economy Pages: 245-261 Issue: 2 Volume: 62 Year: 2004 Keywords: Religious phenomena, self-perceived satisfaction, Euro barometer survey, ordered logit model, X-DOI: 10.1080/00346760410001684460 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760410001684460 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:2:p:245-261 Template-Type: ReDIF-Article 1.0 Author-Name: Lanse Minkler Author-X-Name-First: Lanse Author-X-Name-Last: Minkler Title: Preference Pollution, Reasons, and Other Murky Motivations: on some hidden costs of the market Abstract: Journal: Review of Social Economy Pages: 263-271 Issue: 2 Volume: 62 Year: 2004 X-DOI: 10.1080/0034676042000183862 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000183862 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:2:p:263-271 Template-Type: ReDIF-Article 1.0 Author-Name: Wilfred Dolfsma Author-X-Name-First: Wilfred Author-X-Name-Last: Dolfsma Title: Consuming Symbolic Goods: Identity & Commitment - Introduction Abstract: Journal: Review of Social Economy Pages: 275-276 Issue: 3 Volume: 62 Year: 2004 X-DOI: 10.1080/0034676042000253891 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000253891 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:3:p:275-276 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew Trigg Author-X-Name-First: Andrew Author-X-Name-Last: Trigg Title: Deriving the Engel Curve: Pierre Bourdieu and the Social Critique of Maslow's Hierarchy of Needs Abstract: In Post Keynesian Economics, theorists have sought an alternative to neoclassical choice theory by turning to Maslow's hierarchy of needs (Pasinetti 1981, Lavoie 1992). Instead of each individual surveying a complete choice set, individuals prioritize (basic) physiological needs, moving with increasing incomes to satisfy safety and social needs, through to the higher needs associated with self-actualization. This framework provides a theoretical foundation for the Engel curve, since as incomes increase consumers become satiated when particular needs are satisfied. As an alternative to the neoclassical preoccupation with prices and substitution, a Post Keynesian theory of consumption has been formulated with income effects as the cornerstone. The main problem with Maslow's approach is that individual needs are innate, so that questions of social interaction and culture are seriously downgraded. In this article, the social theory of Pierre Bourdieu is offered as an alternative to the Maslow approach, providing the basis for a social critique of consumerism and an alternative evolutionary theory of consumption. In this approach, the structure of the social hierarchy both constrains the consumption of lower social strata and leads to subtle, less conspicuous consumption patterns at the top of the social hierarchy: a scenario that could provide a social foundation to the Engel curve. Journal: Review of Social Economy Pages: 393-406 Issue: 3 Volume: 62 Year: 2004 Keywords: Maslow, hierarchy of needs, Post Keynesian, consumption, culture, Engel curve, Bourdieu, evolutionary theory, X-DOI: 10.1080/0034676042000253987 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000253987 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:3:p:393-406 Template-Type: ReDIF-Article 1.0 Author-Name: Amitai Etzioni Author-X-Name-First: Amitai Author-X-Name-Last: Etzioni Title: The Post Affluent Society Abstract: Discomfort about the overarching goal of capitalist economies, and the idea that achieving ever higher levels of consumption of products and services is a vacuous goal, has been with us since the onset of industrialization. This contribution looks at the phenomenon and foundations of voluntary simplicity. Its psychological implications and consequences for societies are discussed. Journal: Review of Social Economy Pages: 407-420 Issue: 3 Volume: 62 Year: 2004 Keywords: consumption, consumerism, voluntary simplicity, capitalism, X-DOI: 10.1080/0034676042000253990 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000253990 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:3:p:407-420 Template-Type: ReDIF-Article 1.0 Author-Name: Alan Shipman Author-X-Name-First: Alan Author-X-Name-Last: Shipman Title: Lauding the Leisure Class: Symbolic Content and Conspicuous Consumption Abstract: Symbolic consumption is assessed as an evolution of previously identified conspicuous consumption, after this has undergone a “de-materialization” that is socially, as much as ecologically, driven. As Veblen observed, the shift of wealth towards new forms of physical and financial capital with industrialization compels traditional wealth-holders to redefine privilege in terms of cultural capital. Accompanying social changes enable them to do so. The limited reproducibility of items consumed for their symbolic value, and slow transmissibility of the means of symbolic consumption, force holders of new wealth to compete for status on terms set by the established leisure class. Conspicuity shifts from quantity to quality, from the appropriation of materially valued products to the appreciation of culturally valued products. This paper examines some key implications of a shift from “waste” to “taste” in conspicuous consumption for the social and natural environment, and for economic development. In particular, it explores the possibility of branded products representing the mass production of symbolic goods in high-income economies; and the brand premium's potentially beneficial consequences for global income distribution, when branded production relocates to lower-income economies in conditions of free trade. Journal: Review of Social Economy Pages: 277-289 Issue: 3 Volume: 62 Year: 2004 Keywords: conspicuous consumption, cultural capital, brands, globalization, environment, Veblen, Bourdieu, X-DOI: 10.1080/0034676042000253909 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000253909 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:3:p:277-289 Template-Type: ReDIF-Article 1.0 Author-Name: Martha Starr Author-X-Name-First: Martha Author-X-Name-Last: Starr Title: Consumption, Identity, and the Sociocultural Constitution of "Preferences": Reading Women's Magazines Abstract: This paper shows how the concept of identity may figure importantly into shifts in preferences and patterns of consumption. We explore the 1970s emergence of the “working woman” - a woman who worked outside the home and regarded work as central to her identity. Women's magazines were especially involved in working out the “working woman” image, stressing how products could be used to attain her readily-identifiable appearance and efficient, pleasant home life. As such, they played into a shift in social valuation of female identities - away from those centered on traditional feminine pursuits, towards those centered on intensified labor-force involvement, consumerism, and commodified private life. Journal: Review of Social Economy Pages: 291-305 Issue: 3 Volume: 62 Year: 2004 Keywords: consumption, preferences, culture, women's labor force participation, advertising, commodification, X-DOI: 10.1080/0034676042000253918 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000253918 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:3:p:291-305 Template-Type: ReDIF-Article 1.0 Author-Name: Bruce Pietrykowski Author-X-Name-First: Bruce Author-X-Name-Last: Pietrykowski Title: You Are What You Eat: The Social Economy of the Slow Food Movement Abstract: Recent work by Schor revives concerns raised by Veblen and Hirsch over the destructive consequences of competitive consumption. In contrast, Twitchell argues that increased access to commodities as symbols of luxury signals a democratization of class and social status. Rather than playing the role of dupes, consumers are active co-conspirators in the creation and maintenance of luxury goods markets. While flawed, each of these perspectives has something important to offer to social economists interested in understanding consumption. A key question for social economists is whether material pleasure and the symbolic expression of identity through consumer goods is compatible with a more politicized, socially conscious consumption ethos. Food consumption offers a fruitful starting point for pursuing this issue. I begin by examining food and its symbolic role in identity formation. I then consider the Slow Food movement and explore the ways in which it maintains a central role for material pleasure while promoting a socially and environmentally conscious stance toward consumption. Journal: Review of Social Economy Pages: 307-321 Issue: 3 Volume: 62 Year: 2004 Keywords: consumer identity, cultural capital, food consumption, social capital, slow food, X-DOI: 10.1080/0034676042000253927 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000253927 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:3:p:307-321 Template-Type: ReDIF-Article 1.0 Author-Name: Gill Seyfang Author-X-Name-First: Gill Author-X-Name-Last: Seyfang Title: Consuming Values and Contested Cultures: A Critical Analysis of the UK Strategy for Sustainable Consumption and Production Abstract: The term “sustainable consumption” is subject to many interpretations, from Agenda 21's hopeful assertion that governments should encourage less materialistic lifestyles based on new definitions of “wealth” and “prosperity”, to the view prevalent in international policy discourse that green and ethical consumerism will be sufficient to transform markets to produce continual and “clean” economic growth. These different perspectives are examined using a conceptual framework derived from Cultural Theory, to illustrate their fundamentally competing beliefs about the nature of the environment and society, and the meanings attached to consumption. Cultural Theory argues that societies should develop pluralistic policies to include all perspectives. Using this framework, the paper examines the UK strategy for sustainable consumption, and identifies a number of failings in current policy. These are that the UK strategy is strongly biased towards individualistic, market-based and neo-liberal policies, so it can only respond to a small part of the problem of unsustainable consumption. Policy recommendations include measures to strengthen the input from competing cultures, to realize the potential for more collective, egalitarian and significantly less materialistic consumption patterns. Journal: Review of Social Economy Pages: 323-338 Issue: 3 Volume: 62 Year: 2004 Keywords: consumption, Cultural Theory, sustainable development, green consumerism, economic growth, institutions, X-DOI: 10.1080/0034676042000253936 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000253936 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:3:p:323-338 Template-Type: ReDIF-Article 1.0 Author-Name: Metin Cosgel Author-X-Name-First: Metin Author-X-Name-Last: Cosgel Author-Name: Lanse Minkler Author-X-Name-First: Lanse Author-X-Name-Last: Minkler Title: Religious Identity and Consumption Abstract: Consumption choices assist in solving the problem of how to convey and recognize religious identities. In the communication of an identity, individuals use the knowledge embedded in consumption norms, which restrict the range of choices to a smaller set and abbreviate the required knowledge for encoding and decoding messages. Using this knowledge as a shared framework for understanding, individuals with religious beliefs can choose consumption to express the intensity of their commitment to these beliefs. Because individuals and societies have different beliefs, norms, commitments, and expressive needs, consumption choice can help to express these differences. Our explanation contrasts with incentive-based approaches that view religious consumption norms as solutions to free-rider problem inherent in clubs. Journal: Review of Social Economy Pages: 339-350 Issue: 3 Volume: 62 Year: 2004 Keywords: religion, consumption, norms, identity, commitment, communication, knowledge, X-DOI: 10.1080/0034676042000253945 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000253945 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:3:p:339-350 Template-Type: ReDIF-Article 1.0 Author-Name: Wilfred Dolfsma Author-X-Name-First: Wilfred Author-X-Name-Last: Dolfsma Title: Paradoxes of Modernist Consumption - Reading Fashions Abstract: Fashion is the quintessential post-modernist consumer practice, or so many hold. In this contribution, I argue that, on the contrary, fashion should be understood as a means of communicating one's commitment to modernist values. I introduce the framework of the Social Value Network, to relate such values to institutionalized consumption behavior, allowing one to signal to others. Modernist values are not homogenous, and are in important ways contradictory, giving rise to the dynamics of fashion that can be observed. Journal: Review of Social Economy Pages: 351-364 Issue: 3 Volume: 62 Year: 2004 Keywords: consumption, fashion, institutions, socio-cultural values, X-DOI: 10.1080/0034676042000253954 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000253954 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:3:p:351-364 Template-Type: ReDIF-Article 1.0 Author-Name: David George Author-X-Name-First: David Author-X-Name-Last: George Title: Are Unpreferred Preferences Weak in Symbolic Content? Abstract: “Symbolic consumption” is formally unrelated to “second-order preferences”, but the ability to symbolically consume and the ability to have preferences about one's preferences are each uniquely human characteristics. The major question addressed in this paper is this: are symbolic preferences more or less likely than other preferences to be “unpreferred” by the agent experiencing and acting upon them? In previous writings on second-order preferences, I demonstrated the propensity of market forces to overproduce preferences that are judged to be worse than what they replace and underproduce preferences that are judged to be better. In this paper, I offer reasons for believing that the market inefficiency in preference production suggests a decline in symbolic consumption. Journal: Review of Social Economy Pages: 365-377 Issue: 3 Volume: 62 Year: 2004 Keywords: Symbolic consumption, second-order preferences, market failure, X-DOI: 10.1080/0034676042000253963 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000253963 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:3:p:365-377 Template-Type: ReDIF-Article 1.0 Author-Name: Elias Khalil Author-X-Name-First: Elias Author-X-Name-Last: Khalil Title: The Gift Paradox: Complex Selves and Symbolic Good Abstract: Symbolic utility involves appreciation and esteem and expressed by symbolic products (gifts), while substantive utility entails ordinary welfare satisfied by substantive products. For neoclassical theory, both utilities are symmetrical or fungible and, hence, substitutable along the uni-dimensional utility function. If they are substitutable, though, why would agents be judged as “crass” if they intentionally remind the recipient of the cost of the substitution? For normative sociological theory, the judgment of “crassness” would arise if the agent mixes moral norms with non-moral substantive interests. The two are supposed to be non-fungible, stemming from multiple selves. If both utilities are non-fungible and stem from multiple selves, though, why do we call agents who spend on gifts beyond their means “fools,” while those who spend very little “cheapskates”? It seems that there must be a supervising, single self that makes decisions on the proper division of the budget between substantive products and gifts. But this invites the single-self idea from the back window, reverting back to the neoclassical approach. We would be caught in a vicious cycle of anomalies. To get out of the cycle, this paper identifies the critical issues and suggests an alternative, complex-self view. Journal: Review of Social Economy Pages: 379-392 Issue: 3 Volume: 62 Year: 2004 Keywords: unitary-self view, multiple-self view, complex-self view, X-DOI: 10.1080/0034676042000253972 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000253972 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:3:p:379-392 Template-Type: ReDIF-Article 1.0 Author-Name: Charles Wilber Author-X-Name-First: Charles Author-X-Name-Last: Wilber Title: Ethics and Social Economics: ASE Presidential Address, January 2004, San Diego, California Abstract: In this talk I pull together my past work on the role of ethics in economic theory. In doing so I note that mainstream economic theory is permeated with an ethical viewpoint and that any alternative approach, including social economics, necessarily must be so also. I outline the alternative theories of normative ethics and illustrate how they impact the doing of economics and the setting of economic policies. But this is just a beginning. A major challenge for social economists is to carry forward the task of incorporating a richer ethics into the practice of economics. Journal: Review of Social Economy Pages: 425-439 Issue: 4 Volume: 62 Year: 2004 Keywords: commodification, consequentialist, deontological, preference sovereignty, self interest, value permeation, virtue theory, world view, X-DOI: 10.1080/0034676042000296209 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000296209 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:4:p:425-439 Template-Type: ReDIF-Article 1.0 Author-Name: Philip Arestis Author-X-Name-First: Philip Author-X-Name-Last: Arestis Author-Name: Malcolm Sawyer Author-X-Name-First: Malcolm Author-X-Name-Last: Sawyer Title: On the Effectiveness of Monetary Policy and of Fiscal Policy Abstract: There has been a major shift within macroeconomic policy over the past two decades or so in terms of the relative importance given to monetary policy and to fiscal policy in both policy and theoretical terms. The former has gained considerably in importance, with the latter being rarely mentioned. Furthermore, the nature of monetary policy has shifted away from any attempt to control some monetary aggregate (prevalent in the first half of the 1980s), and instead monetary policy has focused on the setting of interest rates as the key policy instrument. There has also been a general shift towards the adoption of inflation targets and the use of monetary policy to target inflation. This paper considers the significance of this shift in the nature of monetary policy. This enables us to question the effectiveness of monetary policy, and to explore the role of fiscal policy. We examine these questions from the point of view of the "new consensus" in monetary economics and suggest that it is rather limited in its analysis. When the analysis is broadened out to embrace empirical issues and evidence the clear conclusion emerges that monetary policy is relatively impotent. The role of fiscal policy is also considered, and we argue that fiscal policy (under specified conditions) remains a powerful tool for macroeconomic policy. This is particularly an apt conclusion under current economic conditions. Journal: Review of Social Economy Pages: 441-463 Issue: 4 Volume: 62 Year: 2004 Keywords: new consensus, macroeconomics, monetary policy, fiscal policy, X-DOI: 10.1080/0034676042000296218 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000296218 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:4:p:441-463 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Riach Author-X-Name-First: Peter Author-X-Name-Last: Riach Author-Name: Judith Rich Author-X-Name-First: Judith Author-X-Name-Last: Rich Title: Fishing for Discrimination Abstract: The use of bogus, unsolicited job applications with the intention of measuring employment discrimination extends across 30 years and six countries. Preferential treatment of male applicants has been detected in Departments of Psychology in U.S. universities. Such investigations have also detected a relative disinclination to hire homosexuals in Ontario law firms, Turkish workers in Germany, older job applicants in the U.S.A., and the disabled in France. Many of these studies dispatched only a single application to employers; consequently they are a test of 'preferential treatment', rather than discrimination. Journal: Review of Social Economy Pages: 465-486 Issue: 4 Volume: 62 Year: 2004 Keywords: discrimination, experiments, resumes, hiring, survey, X-DOI: 10.1080/0034676042000296227 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000296227 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:4:p:465-486 Template-Type: ReDIF-Article 1.0 Author-Name: Johnston Birchall Author-X-Name-First: Johnston Author-X-Name-Last: Birchall Author-Name: Richard Simmons Author-X-Name-First: Richard Author-X-Name-Last: Simmons Title: The Involvement of Members in the Governance of Large-Scale Co-operative and Mutual Businesses: A Formative Evaluation of the Co-operative Group Abstract: This article focuses on the key question for co-operatives and mutuals of whether they can continue to be genuine member-owned and controlled businesses once they become very large. After providing a commentary on current attempts to revitalise member democracy in the UK consumer co-operative sector, it outlines the "mutual incentives model" developed by the authors to explain what motivates people to participate. The main part of the article then provides a formative evaluation of one very large co-operative society, the Co-operative Group. Drawing on a recent project carried out with funding from the Economic and Social Research Council, and in partnership with the UK Co-operative College, it discusses findings from datasets of 450 area committee members and a random sample of non-active members. The findings are structured according to the mutual incentives framework, including individualistic and collectivistic incentives, resources and mobilization factors. The conclusion is that the Group is having some success with its member participation strategy despite problems of scale. Steady, incremental improvements are identified that should enable the strategy to succeed, showing that there is no simple correlation between size and democracy. Journal: Review of Social Economy Pages: 487-515 Issue: 4 Volume: 62 Year: 2004 Keywords: co-operatives, mutual incentives theory, size and democracy, stakeholder involvement, X-DOI: 10.1080/0034676042000296236 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000296236 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:4:p:487-515 Template-Type: ReDIF-Article 1.0 Author-Name: Morris Altman Author-X-Name-First: Morris Author-X-Name-Last: Altman Title: Why Unemployment Insurance Might Not Only Be Good for the Soul, It Might Also Be Good for the Economy Abstract: Contrary to the conventional view that unemployment insurance serves to directly increase the rate of unemployment as well as reducing an economy's competitiveness by increasing the market wage of labor, the argument presented in this paper is that this worldview critically depends on unrealistic behavioral assumptions. A more realistic modeling suggests that unemployment rates need not rise and competitiveness need not deteriorate with the introduction of or improvements in unemployment insurance, which can also induce increases in economic efficiency. These analytical predictions are consistent with the empirics of unemployment insurance. Unemployment insurance can therefore protect the unemployed without damaging the economy. Journal: Review of Social Economy Pages: 517-541 Issue: 4 Volume: 62 Year: 2004 Keywords: unemployment insurance, x-efficiency, competition, bargaining power, wellbeing, X-DOI: 10.1080/0034676042000296245 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676042000296245 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:62:y:2004:i:4:p:517-541 Template-Type: ReDIF-Article 1.0 Author-Name: Colin Williams Author-X-Name-First: Colin Author-X-Name-Last: Williams Title: Unraveling the Meanings of Underground Work Abstract: Across the social sciences, the dominant “thin” reading of monetary exchange that views it as universally market-like and motivated by monetary gain is being challenged by a “thicker” reading that seeks to unpack the complex and messy characters and logics of monetised transactions. Until now, this re-reading has occurred by studying small alternative economic spaces (e.g., car boot sales, local currency schemes) that can be easily explained away as peripheral or even superfluous to an understanding of mainstream monetised exchange. To provide a more forceful challenge, therefore, this paper interrogates a form of work often seen as an exemplar of market-like work undertaken for the purpose of monetary gain, namely the underground sector. Reporting empirical evidence that unravels the heterogeneous and embedded characters and logics underpinning this work, this paper calls for those promulgating a thicker reading to be bolder and interrogate the meanings of monetary transactions in more mainstream spaces. Journal: Review of Social Economy Pages: 1-18 Issue: 1 Volume: 63 Year: 2005 Keywords: hidden economy, informal sector, gift-giving, cultural turn, Nottinghamshire, X-DOI: 10.1080/00346760500047842 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500047842 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:1:p:1-18 Template-Type: ReDIF-Article 1.0 Author-Name: Wolfram Elsner Author-X-Name-First: Wolfram Author-X-Name-Last: Elsner Title: Real-World Economics Today:The New Complexity, Co-ordination and Policy Abstract: More realistic economics has to start out from the most basic socio-economic phenomena and processes, i.e. dilemma-prone interdependencies and strong uncertainty among agents that have become ubiquitous phenomena in the world today. In the reality of the “new” economy these are represented by functional and spatial fragmentation of value-added chains, global de-regulation and disembedding of the most powerful economic agents, on one hand, and increasing complexity and high integration of goods and services and net-based tele-IC-technologies on the other hand. All these rather new phenomena entail ubiquitous actual or potential co-ordination failure, either in the form of conventional “market failure”, with a complete mutual blockage of action, or of “wrong” co-ordination, or technological “lock-in”. Both forms are indicative of an insufficient capacity of the co-ordinated action required. In contrast, capability of sustainable innovative action in a broad sense requires new forms of co-ordination beyond “market” and “hierarchy”. Economics thus has to be defined more than ever as a science of effective co-ordination and the generation of innovative and sustainable collective action capacity. The global corporate economy has developed individualist arrangements to cope with that new co-ordination problem, such as local clusters and hub&spoke networks, which all have severe shortcomings. Against this background, the paper develops a setting with ubiquitous direct interdependencies, net-externalities, “strategic” strong uncertainty and ubiquitous (latent) social-dilemma problems. It discusses the possibility of an ideal decentralized and spontaneous co-ordination through emergent institutionalized collective action, specifically of “well-governed” network co-operation. In conclusion, it is argued that only a hybrid system of networks together with a new public policy role, supporting collective learning and emergent institutional co-ordination, i.e. an “interactive” and “institutional” policy approach, is capable of solving the co-ordination problems of the “new” economy. Journal: Review of Social Economy Pages: 19-53 Issue: 1 Volume: 63 Year: 2005 Keywords: complexity, co-ordination, co-operation, evolution, governance, information, information society, interaction, institutions, “interactive policy”, local clustering, networks, “new economy”, Prisoners' Dilemma, X-DOI: 10.1080/00346760500047909 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500047909 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:1:p:19-53 Template-Type: ReDIF-Article 1.0 Author-Name: Carole Green Author-X-Name-First: Carole Author-X-Name-Last: Green Author-Name: Marianne Ferber Author-X-Name-First: Marianne Author-X-Name-Last: Ferber Title: Do Detailed Work Histories Help to Explain Gender and Race/Ethnic Wage Differentials? Abstract: The continuing gender and race/ethnic pay gaps continue to be a matter of considerable concern. Using detailed NLSY data we examine the effects of a number of variables often thought to explain a large part of these gaps. Because the new variables explain some of the differentials our results provide no justification for ascribing all the remaining differentials to discrimination. On the other hand, they explain very little and therefore give no support to those who would discount the possibility of discrimination. Journal: Review of Social Economy Pages: 55-85 Issue: 1 Volume: 63 Year: 2005 Keywords: gender, race/ethnicity, earnings gap, human capital, discrimination, NLSY, X-DOI: 10.1080/00346760500047982 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500047982 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:1:p:55-85 Template-Type: ReDIF-Article 1.0 Author-Name: Sam Cameron Author-X-Name-First: Sam Author-X-Name-Last: Cameron Title: Wiccanomics? Abstract: This paper looks at the doctrines of 'Wicca', or what might be termed as pagan or white magic by its adherents, in terms of the economics of religion. The primary focus of the paper is the issue of the degree of product differentiation involved from established religion in terms of two things: the concept of God (or deities) and the ideas of sin. The main contribution of the paper is that it presents (for the first time ever, so far as the author is aware) an economic analysis of the doctrine of a 'rebound' effect of any attempts to do harm to other people through the practice of magic. Some basic microeconomic concepts suggest that the moral force of this rebound law is a difficult one to sustain except under very unreasonable assumptions. Journal: Review of Social Economy Pages: 87-100 Issue: 1 Volume: 63 Year: 2005 Keywords: Wicca, economics of religion, spells, distribution, X-DOI: 10.1080/00346760500048022 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500048022 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:1:p:87-100 Template-Type: ReDIF-Article 1.0 Author-Name: William Jackson Author-X-Name-First: William Author-X-Name-Last: Jackson Title: Capabilities, Culture and Social Structure Abstract: Sen's capability approach has a culturally specific side, with capabilities influenced by social structures and institutions. Although Sen acknowledges this, he expresses his theory in individualistic terms and makes little allowance for culture or social structure. The present paper draws from recent social theory to discuss how the capability approach could be developed to give an explicit treatment of cultural and structural matters. Capabilities depend not only on entitlements but on institutional roles and personal relations: these can be represented openly if capabilities are disaggregated into individual, social and structural capacities. The three layers interact, and a full analysis of capabilities should consider them all. A stratified method implies that raising entitlements will not on its own be enough to enhance capabilities and that cultural and structural changes will be needed. Journal: Review of Social Economy Pages: 101-124 Issue: 1 Volume: 63 Year: 2005 Keywords: capability approach, culture, human agency, social structure, social policy, X-DOI: 10.1080/00346760500048048 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500048048 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:1:p:101-124 Template-Type: ReDIF-Article 1.0 Author-Name: Flavio Comim Author-X-Name-First: Flavio Author-X-Name-Last: Comim Title: Capabilities and Happiness: Potential Synergies Abstract: The paper compares two prominent approaches to assessing Human Well-Being, the Capability Approach and the Subjective Well-Being Approach. It investigates the differences and the similarities between these approaches. An argument is made for exploring the potential synergies between them. Finally, the papers of this special edition are briefly introduced. Journal: Review of Social Economy Pages: 161-176 Issue: 2 Volume: 63 Year: 2005 Keywords: human well being, capability approach, subjective well-being, happiness, adaptive preferences, X-DOI: 10.1080/00346760500129871 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500129871 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:2:p:161-176 Template-Type: ReDIF-Article 1.0 Author-Name: Des Gasper Author-X-Name-First: Des Author-X-Name-Last: Gasper Title: Subjective and Objective Well-Being in Relation to Economic Inputs: Puzzles and Responses Abstract: Systematic, large discrepancies exist between direct measures of well-being and the measures that economists largely concentrate on, notably income. The paper assesses and rejects claims that income is satisfactorily correlated with well-being, and addresses the implications of discrepancies between income measures and measures of subjective well-being (SWB) and objective well-being (OWB) and also between subjective and objective well-being measures themselves. It discusses a range of possible responses to the discrepancies: for example, examination of the specifications used for income, SWB and OWB, and looking for other causal factors and at their possible competitive relations with economic inputs to well-being. It rejects responses that ignore the discrepancies or drastically downgrade their significance by adopting a well-being conception that ignores both SWB and OWB arguments (e.g.: by a claim that all that matters is choice or being active). It concludes that the projects of Sen and others to build syntheses of the relevant responses require further attention. Journal: Review of Social Economy Pages: 177-206 Issue: 2 Volume: 63 Year: 2005 Keywords: subjective well-being, objective well-being, well-being, Easterlin paradox, capability approach, X-DOI: 10.1080/00346760500130309 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500130309 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:2:p:177-206 Template-Type: ReDIF-Article 1.0 Author-Name: Bruno Frey Author-X-Name-First: Bruno Author-X-Name-Last: Frey Author-Name: Alois Stutzer Author-X-Name-First: Alois Author-X-Name-Last: Stutzer Title: Happiness Research: State and Prospects Abstract: This paper intends to provide an evaluation of where the economic research on happiness stands and in which interesting directions it might develop. First, the current state of the research on happiness in economics is briefly discussed. We emphasize the potential of happiness research in testing competing theories of individual behavior. Second, the crucial issue of causality is taken up illustrating it for a particular case, namely whether marriage makes people happy or whether happy people get married. Third, happiness research is taken up as a new approach to measuring utility in the context of cost-benefit analysis. Journal: Review of Social Economy Pages: 207-228 Issue: 2 Volume: 63 Year: 2005 Keywords: causality, cost-benefit analysis, happiness research, life satisfaction approach, marriage, selection, subjective well-being, terrorism, X-DOI: 10.1080/00346760500130366 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500130366 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:2:p:207-228 Template-Type: ReDIF-Article 1.0 Author-Name: Miriam Teschl Author-X-Name-First: Miriam Author-X-Name-Last: Teschl Author-Name: Flavio Comim Author-X-Name-First: Flavio Author-X-Name-Last: Comim Title: Adaptive Preferences and Capabilities: Some Preliminary Conceptual Explorations Abstract: The Capability Approach (CA) as developed by Amartya Sen and Martha Nussbaum, has in part been a response to the problem of adaptive preferences. Their argument says that people might adapt to certain unfavorable circumstances and any self-evaluation in terms of satisfaction or happiness will in this case necessarily be distorted. To evaluate people's well-being in terms of functionings and capabilities guarantees a more objective picture of people's life. Next to this strong criticism on subjective measurements of well-being, we observe an increasing interest in Subjective Well-Being (SWB) or Happiness studies that are included in the broader field of Hedonic Psychology. In this paper, we thus revise the original critique of adaptive preferences and compare it with a more detailed analysis of adaptation as it is presented in hedonic psychology. It becomes clear that adaptation can be a positive as well as a negative phenomenon and that the adaptive preference critique had a particular narrow view on adaptation. However, this does not mean SWB-research is not any longer susceptible to this critique. An alternative way to assess people's subjective well-being, but which could be considered to be more in line with the CA, is proposed by Daniel Kahneman's Objective Happiness. These are all relatively new considerations, especially in economics. Therefore much more research needs to be done on the positive and negative aspects of adaptation to understand its consequences on well-being - especially when evaluated within the capability-space. Journal: Review of Social Economy Pages: 229-247 Issue: 2 Volume: 63 Year: 2005 Keywords: functionings, capabilities, adaptation, subjective well-being, objective happiness, X-DOI: 10.1080/00346760500130374 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500130374 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:2:p:229-247 Template-Type: ReDIF-Article 1.0 Author-Name: Benedetta Giovanola Author-X-Name-First: Benedetta Author-X-Name-Last: Giovanola Title: Personhood and Human Richness: Good and Well-Being in the Capability Approach and Beyond Abstract: This paper aims at developing the Capability Approach's (CA) underlying philosophical anthropology and ethics by focusing on the work of its major exponents, Amartya Sen and Martha Nussbaum. I first discuss CA's critique of happiness as subjective well-being and defend the idea of 'flourishing' which ultimately refers to the Aristotelian concept of eudaimonia. I then focus on the notions of 'good' and 'well-being' and address the problem of the compatibility between a substantive notion of the Good (expressed through universal moral values) and individual preferences. I thus tackle the issue of adaptive preferences (which is investigated both from a methodological and an ethical perspective) and suggest that the process of adaptation should be thought in the dynamic frame of the constitution of the self. Therefore, in the second half of the paper I investigate the CA's idea of personhood and focus on some important assumptions behind its underlying anthropological model - above all the notion of 'human richness'. As a result, I first point out the dynamic dimension of personhood, according to which individuals are 'becoming themselves' in search of self-realisation and construction of their identities. Second, I highlight its relational dimension, according to which every one is the expression of the anthropological richness and at the same time represents the highest possibility of richness for every other one. Journal: Review of Social Economy Pages: 249-267 Issue: 2 Volume: 63 Year: 2005 Keywords: adaptive preferences, Amartya Sen, Aristotle, capabilities, capability approach, ethics, good, identity, Karl Marx, Martha Nussbaum, personhood, philosophical anthropology, richness, well-being, X-DOI: 10.1080/00346760500130416 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500130416 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:2:p:249-267 Template-Type: ReDIF-Article 1.0 Author-Name: Jean-Michel Bonvin Author-X-Name-First: Jean-Michel Author-X-Name-Last: Bonvin Author-Name: Nicolas Farvaque Author-X-Name-First: Nicolas Author-X-Name-Last: Farvaque Title: What Informational Basis for Assessing Job-Seekers?: Capabilities vs. Preferences Abstract: The evaluative function of local public actors has been exacerbated in recent years with the individualisation of social policies. One of their tasks is to select the appropriate informational basis in order to assess welfare claimants. Amartya Sen's capability approach offers a theoretical and normative framework to analyse this evaluative function. In particular, it insists on the importance of “objectivating” people's preferences with reference to their capabilities. The weight that is to be attached to individual preferences in the course of public action can be a matter of controversy. Claimants “capability for voice”, we argue, should be developed. This capability refers to their effective possibility to express their concerns with regard to the choice of the informational basis. It is argued that local institutions prohibiting capability for voice will produce adaptive preferences, whereas procedural institutions promoting reflexive public evaluation and capability for voice will result in a fairer wording of individual preferences. At a situated level, the way to connect subjective and objective information when assessing people very much depends on the position of the evaluator. Several illustrations show that the fairness of evaluation, and its impact on the people's capability set, depend on this positional perspective. Journal: Review of Social Economy Pages: 269-289 Issue: 2 Volume: 63 Year: 2005 Keywords: capability approach, preferences, Sen, job-seekers, capability for voice, positional objectivity, situated public action, X-DOI: 10.1080/0034676500130614 File-URL: http://www.tandfonline.com/doi/abs/10.1080/0034676500130614 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:2:p:269-289 Template-Type: ReDIF-Article 1.0 Author-Name: Wilfred Dolfsma Author-X-Name-First: Wilfred Author-X-Name-Last: Dolfsma Author-Name: Deborah Figart Author-X-Name-First: Deborah Author-X-Name-Last: Figart Author-Name: Robert McMaster Author-X-Name-First: Robert Author-X-Name-Last: McMaster Author-Name: Martha Starr Author-X-Name-First: Martha Author-X-Name-Last: Starr Title: A new editorial team for RoSE Abstract: Journal: Review of Social Economy Pages: 315-316 Issue: 3 Volume: 63 Year: 2005 X-DOI: 10.1080/00346760500254927 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500254927 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:3:p:315-316 Template-Type: ReDIF-Article 1.0 Author-Name: Barry Gordon Author-X-Name-First: Barry Author-X-Name-Last: Gordon Title: Aristotle and Hesiod: The economic problem in Greek thought Abstract: Journal: Review of Social Economy Pages: 395-404 Issue: 3 Volume: 63 Year: 2005 X-DOI: 10.1080/00346760500255395 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500255395 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:3:p:395-404 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Faulhaber Author-X-Name-First: Robert Author-X-Name-Last: Faulhaber Title: The rise and fall of “self-interest” Abstract: Journal: Review of Social Economy Pages: 405-422 Issue: 3 Volume: 63 Year: 2005 X-DOI: 10.1080/00346760500255460 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500255460 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:3:p:405-422 Template-Type: ReDIF-Article 1.0 Author-Name: E. K. Hunt Author-X-Name-First: E. K. Author-X-Name-Last: Hunt Title: The normative foundations of social theory: An essay on the criteria defining social economics Abstract: Journal: Review of Social Economy Pages: 423-445 Issue: 3 Volume: 63 Year: 2005 X-DOI: 10.1080/00346760500255494 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500255494 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:3:p:423-445 Template-Type: ReDIF-Article 1.0 Author-Name: John Elliott Author-X-Name-First: John Author-X-Name-Last: Elliott Title: Fact, value, and economic policy Objectives Abstract: Journal: Review of Social Economy Pages: 447-464 Issue: 3 Volume: 63 Year: 2005 X-DOI: 10.1080/00346760500255569 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500255569 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:3:p:447-464 Template-Type: ReDIF-Article 1.0 Author-Name: James Wible Author-X-Name-First: James Author-X-Name-Last: Wible Title: Towards a process conception of rationality in economics and science Abstract: Journal: Review of Social Economy Pages: 465-481 Issue: 3 Volume: 63 Year: 2005 X-DOI: 10.1080/00346760500255601 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500255601 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:3:p:465-481 Template-Type: ReDIF-Article 1.0 Author-Name: Edward O'Boyle Author-X-Name-First: Edward Author-X-Name-Last: O'Boyle Title: Homo Socio-Economicus: Foundational to social economics and the social economy Abstract: Journal: Review of Social Economy Pages: 483-507 Issue: 3 Volume: 63 Year: 2005 X-DOI: 10.1080/00346760500255635 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500255635 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:3:p:483-507 Template-Type: ReDIF-Article 1.0 Author-Name: Deborah Figart Author-X-Name-First: Deborah Author-X-Name-Last: Figart Title: Gender as more than a dummy variable: Feminist approaches to discrimination Abstract: Journal: Review of Social Economy Pages: 509-536 Issue: 3 Volume: 63 Year: 2005 X-DOI: 10.1080/00346760500255692 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500255692 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:3:p:509-536 Template-Type: ReDIF-Article 1.0 Author-Name: Edward O'Boyle Author-X-Name-First: Edward Author-X-Name-Last: O'Boyle Title: Introduction: The best of the Review of Social Economy: 1944 - 1999 Abstract: Journal: Review of Social Economy Pages: 317-322 Issue: 3 Volume: 63 Year: 2005 X-DOI: 10.1080/00346760500254976 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500254976 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:3:p:317-322 Template-Type: ReDIF-Article 1.0 Author-Name: Bernard Dempsey Author-X-Name-First: Bernard Author-X-Name-Last: Dempsey Title: Ability to Pay Abstract: Journal: Review of Social Economy Pages: 335-346 Issue: 3 Volume: 63 Year: 2005 X-DOI: 10.1080/00346760500255098 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500255098 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:3:p:335-346 Template-Type: ReDIF-Article 1.0 Author-Name: Franz Mueller Author-X-Name-First: Franz Author-X-Name-Last: Mueller Title: The principle of solidarity in the teachings of Father Henry Pesch, S.J. Abstract: Journal: Review of Social Economy Pages: 347-355 Issue: 3 Volume: 63 Year: 2005 X-DOI: 10.1080/00346760500255171 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500255171 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:3:p:347-355 Template-Type: ReDIF-Article 1.0 Author-Name: Josef Solterer Author-X-Name-First: Josef Author-X-Name-Last: Solterer Title: Quadragesimo Anno: Schumpeter's alternative to the omnipotent state Abstract: Journal: Review of Social Economy Pages: 357-368 Issue: 3 Volume: 63 Year: 2005 X-DOI: 10.1080/00346760500255239 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500255239 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:3:p:357-368 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen Worland Author-X-Name-First: Stephen Author-X-Name-Last: Worland Title: Justice and welfare economics Abstract: Journal: Review of Social Economy Pages: 369-382 Issue: 3 Volume: 63 Year: 2005 X-DOI: 10.1080/00346760500255288 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500255288 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:3:p:369-382 Template-Type: ReDIF-Article 1.0 Author-Name: F. Knox Author-X-Name-First: F. Author-X-Name-Last: Knox Title: The doctrine of consumers' sovereignty Abstract: Journal: Review of Social Economy Pages: 383-394 Issue: 3 Volume: 63 Year: 2005 X-DOI: 10.1080/00346760500255338 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500255338 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:3:p:383-394 Template-Type: ReDIF-Article 1.0 Author-Name: Patrick Welch Author-X-Name-First: Patrick Author-X-Name-Last: Welch Title: Presidential address, association for social economics, January 2005 Abstract: In recent years social economists have been utilizing a broader than conventional perspective for examining the behavior of economic agents. While traditionally the focus has been on the one-dimensional maximizing “individual with this newer approach the focus is on the multidimensional “person.” Thus the name “Personalist Economics.” Long ago the British writer Thomas Carlyle devoted volumes of pages to the sorts of topics and issues that are prominent in the personalist approach. Here are explored some areas of overlap between Carlyle's and today's personalist perspective, and some questions that might be raised about the two approaches. Journal: Review of Social Economy Pages: 537-545 Issue: 4 Volume: 63 Year: 2005 Keywords: dynamics and mechanics, nexus, union v. aggregation, work, heroism, X-DOI: 10.1080/00346760500364320 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500364320 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:4:p:537-545 Template-Type: ReDIF-Article 1.0 Author-Name: Geoffrey Hodgson Author-X-Name-First: Geoffrey Author-X-Name-Last: Hodgson Title: Knowledge at work: Some neoliberal anachronisms Abstract: With a predilection for market solutions, neoliberalism upholds that the individual is generally the best judge of his or her interests. Yet markets are never universally applied as a mechanism of allocation and there are reasons, in principle, why capitalism will always have “missing markets.” Concentrating on the application and appropriateness of neoliberal theory to the workplace, this article argues that firms are not markets, despite some tendencies in modern theory to conflate the two. The employment contract is a key characteristic of modern firms, but neoliberal theory is often silent on the distinction between an employment contract and a contract for services, and largely ignores the asymmetrical rights of authority within contracts of employment. Furthermore, the social nature of knowledge represents a challenge to neoliberal theory and policy, because it sometimes makes it more difficult to define individual property rights. Accordingly, with the growth of the knowledge economy, neoliberalism to some extent is an anachronism. Journal: Review of Social Economy Pages: 547-565 Issue: 4 Volume: 63 Year: 2005 Keywords: neoliberalism, firms, markets, employment contracts, knowledge, Veblen, Hobson, X-DOI: 10.1080/00346760500364403 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500364403 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:4:p:547-565 Template-Type: ReDIF-Article 1.0 Author-Name: Irene van Staveren Author-X-Name-First: Irene Author-X-Name-Last: van Staveren Title: Modelling care Abstract: 1 This article compares how different types of models—Walrasian and heterodox—have integrated unpaid labour and, more specifically, care, as an economic activity. The article will discuss four models that have, each in their own way, incorporated unpaid labour, or care, as a variable, a sector, or parameter. The analysis of these model experiences will both reveal insights into the role of models in general, and appear to shed light on unpaid labour and caring as particular economic activities, with their own behavioural specifications and relationships to other economic variables. Journal: Review of Social Economy Pages: 567-586 Issue: 4 Volume: 63 Year: 2005 Keywords: models, care, unpaid labour, realism, feminist economics, X-DOI: 10.1080/00346760500364429 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500364429 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:4:p:567-586 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Lewis Author-X-Name-First: Michael Author-X-Name-Last: Lewis Author-Name: Steven Pressman Author-X-Name-First: Steven Author-X-Name-Last: Pressman Author-Name: Karl Widerquist Author-X-Name-First: Karl Author-X-Name-Last: Widerquist Title: The basic income guarantee and social economics Abstract: This article introduces the Review of Social Economy symposium on the basic income guarantee (BIG). It argues that there are several ways in which the BIG is consistent with social economics. First, the BIG is an attempt to meet the minimum material needs of US citizens and contribute to the common good. Second, important arguments for a BIG move beyond the positive-normative dichotomy. Finally, the BIG would help individuals function as social citizens. Journal: Review of Social Economy Pages: 587-593 Issue: 4 Volume: 63 Year: 2005 Keywords: poverty, basic income, redistribution, social economics, X-DOI: 10.1080/00346760500364536 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500364536 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:4:p:587-593 Template-Type: ReDIF-Article 1.0 Author-Name: James Bryan Author-X-Name-First: James Author-X-Name-Last: Bryan Title: Have the 1996 welfare reforms and expansion of the earned income tax credit eliminated the need for a basic income guarantee in the US? Abstract: Welfare was reformed significantly in 1996, and the Earned Income Tax Credit (EITC) was expanded substantially during the last decade. In the wake of these events, welfare rolls have shrunk dramatically and employment among the poor has increased, leading many to conclude that these policies have achieved important equity and efficiency goals. It is argued here that these conclusions are too strong. The work requirements and time limits of welfare reform create equity outcomes that are dubious and leave the potential for inefficiencies in the allocation of labor. The EITC excludes almost half of the poor population under age 65, rewards poorer working families less well than it does less poor working families, and provides a sizable work disincentive for a large proportion of its recipients. It is shown here that the poor are not homogeneous. Specifically, the very poor have a much higher incidence of physical and other disabilities. The ability to work varies substantially with income among the poor. There is a case to be made for a much more straightforward form of redistribution, such as the Basic Income Guarantee (BIG). It is quite possible that a BIG would accomplish goals of equity and efficiency more fully than the current mosaic of redistributive programs. Journal: Review of Social Economy Pages: 595-611 Issue: 4 Volume: 63 Year: 2005 Keywords: income redistribution, welfare, welfare reform, EITC, basic income guarantee, negative income tax, X-DOI: 10.1080/00346760500364593 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500364593 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:4:p:595-611 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Howard Author-X-Name-First: Michael Author-X-Name-Last: Howard Title: Basic income, liberal neutrality, socialism, and work Abstract: Liberal critics often object to basic income (BI) on the grounds that it violates reciprocity and is biased toward those who choose voluntarily to opt out of work and thus violate the principle of liberal neutrality toward conceptions of the good life. In the first part of this paper I argue that liberal neutrality favors BI. Marxist critics of BI are less likely to accept liberal neutrality, but I argue in the second part that the argument for BI in the first part applies with equal force to Marxist objections that BI is unfairly exploitative of workers. Marxists are also less likely to accept current labor market trends, seeing socialism as affording more opportunity for guaranteeing everyone a right to decent work, and suspecting BI of making the unfair inequalities of capitalism a little more palatable while diverting attention from a more equitable socialist alternative. I argue that BI is not incompatible with socialism or Marxism, and should not be opposed to but rather combined with strategies for full employment. Journal: Review of Social Economy Pages: 613-631 Issue: 4 Volume: 63 Year: 2005 Keywords: basic income, liberalism, Marxism, socialism, work, reciprocity, exploitation, X-DOI: 10.1080/00346760500364775 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500364775 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:4:p:613-631 Template-Type: ReDIF-Article 1.0 Author-Name: Almaz Zelleke Author-X-Name-First: Almaz Author-X-Name-Last: Zelleke Title: Basic income in the United States: Redefining citizenship in the liberal state Abstract: This paper examines citizenship-based arguments for work-conditioned welfare and basic income. I argue that the most common citizenship-based justifications for work requirements—the paternalistic and civic republican arguments—are flawed because of their selectivity, and that the only defensible citizenship-based justification for work requirements is the socialist model, which enforces work requirements universally on all. I offer as a liberal alternative a radically pluralist notion of citizenship, with a kind of universal economic suffrage at its core, to justify an unconditional basic income in the US. Journal: Review of Social Economy Pages: 633-648 Issue: 4 Volume: 63 Year: 2005 Keywords: basic income, guaranteed minimum income, workfare, citizenship, welfare, work, X-DOI: 10.1080/00346760500364866 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500364866 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:63:y:2005:i:4:p:633-648 Template-Type: ReDIF-Article 1.0 Author-Name: Mark White Author-X-Name-First: Mark Author-X-Name-Last: White Title: Multiple utilities and weakness of will: A kantian perspective Abstract: This paper argues that a Kantian model of decision-making, one that incorporates moral duties alongside standard preferences and constraints, can account for the complexities of actual ethical choice within a model with a single (constrained) preference ranking. Multiple utilities are required only to explain the failure to make appropriate decisions. Such occasions, often referred to as cases of weakness of will or akrasia, are easily explained with this approach, which is also consistent with the recent work of philosopher John Searle on action theory and rational choice. More generally, this paper highlights the need for discussion of the will in economics. Journal: Review of Social Economy Pages: 1-20 Issue: 1 Volume: 64 Year: 2006 Keywords: multiple utilities, weakness of will, choice, will, Immanuel Kant, John Searle, X-DOI: 10.1080/00346760500529914 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500529914 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:1:p:1-20 Template-Type: ReDIF-Article 1.0 Author-Name: Clive Beed Author-X-Name-First: Clive Author-X-Name-Last: Beed Title: What is the relationship of religion to economics? Abstract: In this journal, Welch and Mueller (WM) (2001) demonstrated a classificatory method for conceptualizing relationships between religion and economics. No judgement can be drawn from WM as to which of their four classifications might be a, or the, correct one. They conclude that the relationships are “both complex and controversial”, and that before any assessment can be apprehended adequately of how the two fields interact, “the permutations and subcategories implied by the system” used need to be identified and explored more thoroughly. This paper pursues that path, but argues that a more determinate verdict than WM's is possible. Here, an alternative interpretation of the relationship between religion and economics is investigated, in which WM's categories are assessed. In the alternative, WM's four classes are not taken to possess equal intellectual merit, as they appear to be. Using more current and comprehensive definitions of religion than WM's, a case is constructed that three of their four categories possess greater intellectual value than the remaining one. These three are here collapsed into one new mega-category regarded as that most validly describing the relationship between religion and economics. Journal: Review of Social Economy Pages: 21-45 Issue: 1 Volume: 64 Year: 2006 Keywords: religion, economics, theology, options, relationship, X-DOI: 10.1080/00346760500529930 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500529930 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:1:p:21-45 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew Mearman Author-X-Name-First: Andrew Author-X-Name-Last: Mearman Title: Critical realism in economics and open-systems ontology: A critique Abstract: This paper examines the treatment of ontology offered by critical realism. It addresses much of the material elaborated upon in two editions of this journal. Three main groups of criticisms are made here of the critical realist treatment of open systems. It is argued that critical realism, particularly in the project in economics emanating from Cambridge, UK, tends to define systems in terms of events. This definition is shown to be problematic. The exemplar of a closed system provided by critical realism of the solar system is shown to be flawed in that it is not closed according to the closure conditions identified by critical realism. Second, the negativity of the definitions adopted is problematic for heterodox traditions attempting to build positive programmes. Furthermore, the dualism of the definitions is also inconsistent with Dow's approach, which has ramifications for the coherence of post Keynesianism. Third, the definitions tend to polarize open and closed systems and ignore the degrees of openness evident in reality. The polarization of systems leads to polarized methodology and unsustainable arguments to reject so-called “closed-systems methods.” Journal: Review of Social Economy Pages: 47-75 Issue: 1 Volume: 64 Year: 2006 Keywords: open systems, closed systems, critical realism, post-Keynesianism, dualism, X-DOI: 10.1080/00346760500529955 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500529955 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:1:p:47-75 Template-Type: ReDIF-Article 1.0 Author-Name: Mohsen Bahmani-Oskooee Author-X-Name-First: Mohsen Author-X-Name-Last: Bahmani-Oskooee Author-Name: Gour Goswami Author-X-Name-First: Gour Author-X-Name-Last: Goswami Title: Military spending and the black market premium in developing countries Abstract: Researchers who have been concerned with the economic implications of military spending have mostly concentrated on its impact on economic growth, corruption, real exchange rate and inflation. In this paper we investigate the impact of military spending on black market premium, an area that has not been tackled so far. After adding a measure of military spending to a well established model of black market premium form the literature, we estimate the model by pooling annual data over the 1985 - 1998 period across 61 developing countries. Results from five panel specifications provide considerable evidence that higher military spending leads to higher black market premium. Journal: Review of Social Economy Pages: 77-91 Issue: 1 Volume: 64 Year: 2006 Keywords: black market premium, military spending, developing countries, X-DOI: 10.1080/00346760500530169 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500530169 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:1:p:77-91 Template-Type: ReDIF-Article 1.0 Author-Name: Thomas Turner Author-X-Name-First: Thomas Author-X-Name-Last: Turner Title: Industrial Relations Systems, Economic Efficiency and Social Equity in the 1990s Abstract: A feature of many European countries after World War II was the kind of institutional arrangements that developed between capital and labour. A central question in the literature concerns whether neo-liberal competitive labour markets or organized corporatist labour markets are more efficient. In this paper the economic and social outcomes from these different market arrangements are compared for a number of OECD countries from the 1980s to the end of the 20th century. Although, in the 1990s strongly corporatist countries remain a great deal more egalitarian than liberal market economies, the evidence from this paper indicates that the latter have outperformed countries with corporatist type arrangements regarding employment and economic growth. It appears that the economic dividend arising from strongly institutionalized industrial relations systems is no longer being delivered. Yet, the outcomes of liberal economic policies of deregulation are increasingly unequal societies. The challenge for advanced democratic societies is to deliver on both social equity and economic growth. Journal: Review of Social Economy Pages: 93-118 Issue: 1 Volume: 64 Year: 2006 Keywords: corporatism, economic performance, social equity, X-DOI: 10.1080/00346760500530193 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760500530193 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:1:p:93-118 Template-Type: ReDIF-Article 1.0 Author-Name: Jonathan Wight Author-X-Name-First: Jonathan Author-X-Name-Last: Wight Title: Adam Smith's Ethics and the “Noble Arts” Abstract: Adam Smith's character-based ethical system lays the foundation for his vision of the social and economic good. Within this system, the arts perform a critical role. Smith's essays “Of the Imitative Arts” and his Lectures on Rhetoric and Belles Lettres are useful companions to The Theory of Moral Sentiments in analyzing the mechanisms whereby literature and the arts excite moral development. The arts stretch the boundaries of imagination and perspective, stimulating self-awareness and self-reflective growth. When combined with rational thought, decision-making takes place through an internal dialogue in which this wider perspective weighs upon one's “impartial spectator” and becomes the background for action. According to this view, the arts provide positive externalities for society and should be encouraged through public policy. The arts promote a conversation that becomes part of the common goods of society, including that of science. Journal: Review of Social Economy Pages: 155-180 Issue: 2 Volume: 64 Year: 2006 Keywords: Adam Smith, arts, ethics, morals, moral imagination, X-DOI: 10.1080/00346760600721114 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600721114 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:2:p:155-180 Template-Type: ReDIF-Article 1.0 Author-Name: Nyiwul Mabughi Author-X-Name-First: Nyiwul Author-X-Name-Last: Mabughi Author-Name: Tarek Selim Author-X-Name-First: Tarek Author-X-Name-Last: Selim Title: Poverty as social deprivation: a survey Abstract: The concept of poverty is discussed using qualitative and quantitative measures as an indicator for social deprivation. Poverty can be absolute, relative, income based, consumption based, or entitlement based. The variation in the concept of poverty reveals its dimensionality. However, when closely examined, these dimensions are seen to be conceptually interrelated and complementary rather than substitutable. The concept used to define poverty determines the methods employed to measure it. Composite indicators can hide important policy messages inherent in their constituent variables. Journal: Review of Social Economy Pages: 181-204 Issue: 2 Volume: 64 Year: 2006 Keywords: poverty, social deprivation, Sen's entitlements, human development, X-DOI: 10.1080/00346760600721122 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600721122 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:2:p:181-204 Template-Type: ReDIF-Article 1.0 Author-Name: Martha Starr Author-X-Name-First: Martha Author-X-Name-Last: Starr Title: Growth and conflict in the developing world: Neo-liberal narratives and social-economy alternatives Abstract: The last quarter of the 20th century saw an increase in violent conflicts across the globe. With connections between growth, poverty and conflict increasingly difficult to ignore, research has begun examining economic dimensions of conflict. This paper reviews and critiques this new research, much of it conducted by the World Bank. The research argues that war results from poverty, and poverty from misguided economic policies, so that reducing conflict requires redoubling efforts to promote growth via neo-liberal reforms. I criticize the conceptual underpinnings of this argument, including its overemphasis on individual incentives and its claim that social and economic injustices do not contribute to violent conflicts. Instead I argue that social economics provides valuable alternative perspectives on conflict that take seriously its social dimensions, especially problems of economic justice and the common good. Journal: Review of Social Economy Pages: 205-224 Issue: 2 Volume: 64 Year: 2006 Keywords: growth, violent conflict, social economics, X-DOI: 10.1080/00346760600721130 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600721130 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:2:p:205-224 Template-Type: ReDIF-Article 1.0 Author-Name: Rudi Verburg Author-X-Name-First: Rudi Author-X-Name-Last: Verburg Title: John Stuart Mill's Political Economy: Educational Means to Moral Progress Abstract: The interrelation between John Stuart Mill's political economy and his social philosophy is often neglected by economists, even though social and moral progress is the aim and focus of Mill's work as scholarship on Mill has made clear in past decades. This paper aims to show how Mill's political economy fits his framework of progress. It is argued that Mill characterized his economics in accordance with his theory of (individual) development, which explained how people could be induced to change patterns of behavior that prevented progress, enabling “a tendency towards a better and happier state.” Mapping out how to overcome the Malthusian trap of poverty, the most serious stumbling block to man's material and moral improvement, Mill brought economics into action as an instrument for progress. Journal: Review of Social Economy Pages: 225-246 Issue: 2 Volume: 64 Year: 2006 Keywords: mill, progress, poverty, political economy, population, X-DOI: 10.1080/00346760600721155 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600721155 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:2:p:225-246 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Leeson Author-X-Name-First: Peter Author-X-Name-Last: Leeson Author-Name: Peter Boettke Author-X-Name-First: Peter Author-X-Name-Last: Boettke Title: Was Mises right? Abstract: This paper argues that Mises's methodological position has been misunderstood by both friends and foes alike. On the one hand, Mises's critics wrongly characterize his position as rejecting empirical work. On the other hand, his defenders wrongly interpret his stance as rejecting empirical analyses on the grounds that they contradict apriorism and push economics towards historicism. We show that Mises's methodological position occupies a unique place that is at once both wholly aprioristic and radically empirical. Journal: Review of Social Economy Pages: 247-265 Issue: 2 Volume: 64 Year: 2006 Keywords: Ludwig von Mises, economic methodology, apriorism, X-DOI: 10.1080/00346760600721163 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600721163 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:2:p:247-265 Template-Type: ReDIF-Article 1.0 Author-Name: Mariano Torras Author-X-Name-First: Mariano Author-X-Name-Last: Torras Title: Book Review Abstract: Journal: Review of Social Economy Pages: 267-270 Issue: 2 Volume: 64 Year: 2006 X-DOI: 10.1080/00346760600721171 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600721171 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:2:p:267-270 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen Dunn Author-X-Name-First: Stephen Author-X-Name-Last: Dunn Title: Prolegomena to a Post Keynesian health economics Abstract: Post Keynesian economics has no specific association with, or has made no specific contribution to, Health economics or healthcare policy. In one sense this is perhaps unsurprising. Post Keynesian economics is for many a distinct approach to macroeconomics. Nevertheless, it has always invoked a strong microeconomic supply-side analysis and thus the purpose of this paper is to make some prefatory remarks as to the types of contributions Post Keynesian economics can make to the economics of healthcare and healthcare policy. The relevance of Post Keynesian themes, such as the relevance of history, uncertainty, distributional issues, and the importance of political and economic institutions for healthcare economics and health policy, is highlighted. Journal: Review of Social Economy Pages: 273-299 Issue: 3 Volume: 64 Year: 2006 Keywords: Post Keynesian economics, health economics, healthcare financing, macroeconomics, X-DOI: 10.1080/00346760600892709 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600892709 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:3:p:273-299 Template-Type: ReDIF-Article 1.0 Author-Name: J. Robert Branston Author-X-Name-First: J. Robert Author-X-Name-Last: Branston Author-Name: Lauretta Rubini Author-X-Name-First: Lauretta Author-X-Name-Last: Rubini Author-Name: Roger Sugden Author-X-Name-First: Roger Author-X-Name-Last: Sugden Author-Name: James Wilson Author-X-Name-First: James Author-X-Name-Last: Wilson Title: The healthy development of economies: A strategic framework for competitiveness in the health industry Abstract: Applying a strategic decision-making perspective on the economics of business, we suggest that a competitive locality in the health industry is one that, relative to other localities, is effective in: (1) providing the healthcare that enables everyone to participate fully in the democratic development of the locality; (2) providing the healthcare that is democratically identified as a direct objective of this development; (3) contributing through the health industry to any other democratically determined objectives of the locality's development. The paper hypothesizes that strategic decision-making in organizations is an especially significant determinant of the impacts of the health industry. We conclude that: (i) a locality that suffers concentration in the power to determine the objectives of its health industry could not be strictly competitive in that industry; (ii) the first best way to achieve competitiveness in the health industry would be to democratize its strategic decision-making. What this would entail in practice is discussed in some detail. Journal: Review of Social Economy Pages: 301-329 Issue: 3 Volume: 64 Year: 2006 Keywords: health industry, competitiveness, strategic decision-making, economic development, economic democracy, X-DOI: 10.1080/00346760600892717 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600892717 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:3:p:301-329 Template-Type: ReDIF-Article 1.0 Author-Name: Luis Francisco Carvalho Author-X-Name-First: Luis Francisco Author-X-Name-Last: Carvalho Author-Name: Joao Rodrigues Author-X-Name-First: Joao Author-X-Name-Last: Rodrigues Title: On markets and morality: Revisiting Fred Hirsch Abstract: This article argues for the continuing relevance of Fred Hirsch's The Social Limits to Growth (1976), valued as a critical analysis of the consequences of markets on the moral fabric of society. Two concepts that are fundamental to Hirsch—the commercialization bias and the depleting moral legacy—will be scrutinised. We further claim that this book, by emphasizing the tendency to market expansion and the corresponding commodification of increasing spheres of social life, while simultaneously acknowledging its adverse consequences on the motivational appeal of social and moral norms, offers insights that justify revisiting it. Journal: Review of Social Economy Pages: 331-348 Issue: 3 Volume: 64 Year: 2006 Keywords: Fred Hirsch, markets, morality, neoliberalism, X-DOI: 10.1080/00346760600892758 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600892758 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:3:p:331-348 Template-Type: ReDIF-Article 1.0 Author-Name: James Buss Author-X-Name-First: James Author-X-Name-Last: Buss Author-Name: Arthur Romeo Author-X-Name-First: Arthur Author-X-Name-Last: Romeo Title: The changing employment situation in some cities with living wage ordinances Abstract: More than 120 municipalities (cities, towns, and counties) have introduced living wage ordinances. These laws mandate that certain employers in their jurisdiction pay their workers wages that are above federal and state minimum levels. The opponents of these laws argue that these ordinances have adverse impacts on local labor markets. This study considers rates of growth of employment and unemployment trends in a sample of these cities before and after they introduced their living wage ordinances. It finds that while a few cities have had negative labor market experiences after introducing their living wage law these cities represent the exception rather than the rule. Journal: Review of Social Economy Pages: 349-367 Issue: 3 Volume: 64 Year: 2006 Keywords: living wage, living wage ordinance, Campaign for Living Wages, local labor market conditions, urban/suburban unemployment, X-DOI: 10.1080/00346760600892766 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600892766 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:3:p:349-367 Template-Type: ReDIF-Article 1.0 Author-Name: Alain Marciano Author-X-Name-First: Alain Author-X-Name-Last: Marciano Title: David Hume's model of man: Classical political economy as “inspired” political economy Abstract: The purpose of this paper is to analyse David Hume's model of man. We show that three major elements characterize his representation of man: first the weaknesses and limitations of human rationality; second, the psychological foundations of human behaviour, with a particular focus on the role of association in human cognition; and third, the collective dimension of individual learning through a process of communication based on sympathy. Therefore, we show that the theory of human nature and human cognition Hume proposes is different from the narrow view of man as homo œconomicus that is used by mainstream economists. Journal: Review of Social Economy Pages: 369-386 Issue: 3 Volume: 64 Year: 2006 Keywords: Hume, associationist psychology, cognition, sympathy, homo œconomicus, X-DOI: 10.1080/00346760600892782 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600892782 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:3:p:369-386 Template-Type: ReDIF-Article 1.0 Author-Name: Rudy Fichtenbaum Author-X-Name-First: Rudy Author-X-Name-Last: Fichtenbaum Title: Labour market segmentation and union wage gaps Abstract: There has been a great deal of research regard the effects of unions on union - non-union wage gap. Most of the studies regarding the impact of unions on wages have assumed that apart from the division between union and non-union workers, the labour market is relatively homogeneous. A number of economists, however, have argued that the labour market is segmented, implying that there are distinct labour markets and that some workers employment opportunities are concentrated in “bad jobs” while other workers employment opportunities are concentrated in “good jobs” which are rationed. This paper will explore whether the relative wage differential between union and non-union workers differs between the independent primary, subordinate primary and secondary labour markets. Labour market segments are defined using “job zones”. “Job zones” are distinct groups defined by the level of specific vocational preparation necessary for a particular occupation, allowing for the comparison of skill levels and training for each occupation. The data on “job zones” comes from the Occupational Information Network database (O*Net). We estimate separate equations for union and non-union workers in each segment using data from the Current Population Survey and calculate union non-union differentials for each labour market segment. The findings of this paper suggest that the greatest differentials are in secondary labour markets followed by differentials in the subordinate primary labour market and that the smallest wage differentials are in the independent primary labour market. Journal: Review of Social Economy Pages: 387-420 Issue: 3 Volume: 64 Year: 2006 Keywords: wages, unions, segmented labor markets, X-DOI: 10.1080/00346760600892808 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600892808 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:3:p:387-420 Template-Type: ReDIF-Article 1.0 Author-Name: David George Author-X-Name-First: David Author-X-Name-Last: George Title: Social class and social identity Abstract: Over the last 25 years, the relative economic situation of women, African-Americans, and other groups facing economic discrimination has improved but, paradoxically, the relative economic situation of the population's lower half has worsened. These opposite trends are surprising since the very groups whose overall situation has improved remain disproportionately represented in the bottom half. This paper presents several likely explanations of the trends. First, there has been a historically unique distancing of the upper economic half from the lower economic half that has lessened the former's interest in aiding the latter. Second, the increasing belief in free markets that has characterized the period is argued to be consistent with the removal of prejudices based on race, gender, and ethnicity while at the same time eroding institutions that relieve class income differences. Third, the fact that one can “exit” from a social class, but must raise one's voice to improve the treatment of one's gender or race is argued to have weakened the overall status of the lower half, while strengthening the overall status of women and African-Americans. And fourth, certain psychological biases are argued to have caused weakened support for collective efforts to improve the condition of the lower half. Journal: Review of Social Economy Pages: 429-445 Issue: 4 Volume: 64 Year: 2006 Keywords: gender, race, social class, social identity, X-DOI: 10.1080/00346760601024401 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760601024401 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:4:p:429-445 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Hayes Author-X-Name-First: Mark Author-X-Name-Last: Hayes Title: On the efficiency of fair trade Abstract: This paper uses competitive equilibrium theory to analyze the economic efficiency of international “fair trade” between ethical consumers and low-income producers. The main analytical innovations are the reconsideration of the labor supply decision in a state of Keynesian involuntary unemployment as a choice between work and, not leisure, but inferior production activities; and the application of Pigou and Robinson's theory of employer monopsony, leading to a focus on the “local fair trade organization”, which has a similar effect to a labor union or minimum wage in eliminating monopsony rents. A price premium is found neither necessary nor sufficient for fair trade, and in a state of involuntary unemployment a premium does not lead to inefficient allocation. The conclusion is that fair trade improves welfare by strengthening competition for labor, and should be encouraged as a complementary element of an enlightened trade liberalization policy. Journal: Review of Social Economy Pages: 447-468 Issue: 4 Volume: 64 Year: 2006 Keywords: fair trade, efficiency, involuntary unemployment, monopsony, X-DOI: 10.1080/00346760601024419 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760601024419 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:4:p:447-468 Template-Type: ReDIF-Article 1.0 Author-Name: Jochen Hartwig Author-X-Name-First: Jochen Author-X-Name-Last: Hartwig Title: Explaining the aggregate price level with Keynes's principle of effective demand Abstract: The mainstream view of Keynes's principle of effective demand is that it states something about quantities—and about quantities only. The principle is held to determine the levels of output and employment in a world not governed by Say's law. This paper argues that the principle of effective demand goes beyond this to explain not only 'real' activity levels but also the aggregate price level. A variant of the post-Keynesian D/Z-model is brought together with Marxian reproduction schemes to derive this result. Journal: Review of Social Economy Pages: 469-492 Issue: 4 Volume: 64 Year: 2006 Keywords: effective demand, multiplier, post-Keynesianism, D/Z-model, reproduction schemes, X-DOI: 10.1080/00346760601024443 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760601024443 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:4:p:469-492 Template-Type: ReDIF-Article 1.0 Author-Name: Vinca Bigo Author-X-Name-First: Vinca Author-X-Name-Last: Bigo Title: Open and closed systems and the Cambridge School Abstract: In recent years a group of researchers at Cambridge (UK) have (re)introduced conceptions of open and closed systems into economics. In doing so they have employed these categories in ways that, in my assessment, both facilitate a significant critique of current disciplinary practices and also point to more fruitful ways of proceeding. In an issue of this journal, Andrew Mearman has advanced three criticisms of the Cambridge position which, if valid, would seriously undermine this assessment. Below I defend the Cambridge position against Mearman's criticisms. Journal: Review of Social Economy Pages: 493-514 Issue: 4 Volume: 64 Year: 2006 Keywords: ontology, open systems, closed systems, economics, X-DOI: 10.1080/00346760601024468 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760601024468 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:4:p:493-514 Template-Type: ReDIF-Article 1.0 Author-Name: Manuel Carvajal Author-X-Name-First: Manuel Author-X-Name-Last: Carvajal Title: Economic grounds for affirmative action: The evidence on architects and engineers in South Florida Abstract: Using data developed for, and presented to, the US District Court, this study evaluates the performance of women-, African-American-, and Hispanic-owned firms vis-a-vis firms owned by neither women nor minorities in three different South Florida markets: architecture, structural engineering, and civil engineering. After controlling for the influence of experience, size, and location, three of the most commonly used determinants of firms' earnings, the empirical results suggest that the three markets do not convert firms' characteristics into economic outcomes in the same manner for women and Hispanic owners as for owners who are neither women nor minorities. Journal: Review of Social Economy Pages: 515-538 Issue: 4 Volume: 64 Year: 2006 Keywords: affirmative action, discrimination, earnings, ethnic disparities, gender disparities, X-DOI: 10.1080/00346760601024476 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760601024476 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:4:p:515-538 Template-Type: ReDIF-Article 1.0 Author-Name: Julio Videras Author-X-Name-First: Julio Author-X-Name-Last: Videras Author-Name: Christopher Bordoni Author-X-Name-First: Christopher Author-X-Name-Last: Bordoni Title: Ethnic heterogeneity and the enforcement of environmental regulation Abstract: We examine the relationship between the administrative enforcement of environmental regulation, ethnic heterogeneity, and other community characteristics in New Jersey and New York. We find that the percentage of non-white population in a community is positively related with administrative penalties imposed on violators. However, penalties are lower in more ethnically diverse communities. This result may be due to the fact that these communities are less likely to coordinate to create solidarity across ethnic groups and demand stronger enforcement. Journal: Review of Social Economy Pages: 539-562 Issue: 4 Volume: 64 Year: 2006 Keywords: ethnic heterogeneity, environmental justice, enforcement, regulation, X-DOI: 10.1080/00346760601024500 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760601024500 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:64:y:2006:i:4:p:539-562 Template-Type: ReDIF-Article 1.0 Author-Name: Bengt Johannisson Author-X-Name-First: Bengt Author-X-Name-Last: Johannisson Author-Name: Lena Olaison Author-X-Name-First: Lena Author-X-Name-Last: Olaison Title: The moment of truth—Reconstructing entrepreneurship and social capital in the eye of the storm Abstract: There are many images of entrepreneurship which all pay attention to the importance of social capital. Nevertheless, these understandings of entrepreneurship do not tell us about the capabilities and social ingenuity that people hit by a natural or man-made catastrophe may evoke. We have studied how the effects of the hurricane Gudrun, which hit southern Sweden in January 2005, were dealt with by civic and formal, private as well as public, organizations. The lessons from our rich case accounts are reflected upon in the perspective of ephemeral organizing and used to craft our notion of 'emergency entrepreneurship'. Its proposed features include coping with rupture in everyday life by the acknowledgement of local knowledge and leadership and the use of bridging as well as bonding social capital facilitating immediate (inter)action and swift trust. This appears as a spontaneous collective effort, 'social bricolage', which means combining and locally—in time as well as in space—integrating chunks of everyday routines according to the events and associated needs that the drama produces. Journal: Review of Social Economy Pages: 55-78 Issue: 1 Volume: 65 Year: 2007 Keywords: emergency entrepreneurship, social capital, natural catastrophe, ephemeral organization, Sweden, X-DOI: 10.1080/00346760601132188 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760601132188 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:1:p:55-78 Template-Type: ReDIF-Article 1.0 Author-Name: Phil Cooke Author-X-Name-First: Phil Author-X-Name-Last: Cooke Title: Social capital, embeddedness, and market interactions: An analysis of firm performance in UK regions Abstract: This article presents results of a research project examining the effects of social capital on small and medium-sized enterprise (SME) performance. The first main part of the article is a review of literature of relevance to the study. The second part reports the main quantitative results of research on the role of social capital in SME markets in the UK. It compares SME performance and social capital usage across UK regions, with samples stratified according to degrees of knowledge intensiveness of firms and economic status of their area. It shows, perhaps surprisingly, that for many SMEs the “market” is more or less wholly constituted by social capital. The third main part of the article investigates in depth a number of representative and illustrative cases of SMEs deploying social capital in distinctive ways within markets. It shows that without social networks most firms cannot function in markets. It shows high performance firms to be the most intensive users of social capital. This research on social capital underlines the distorted nature of mainstream (neoclassical) economic theory by demonstrating “relational embeddedness” to be an important indicator of SME performance. Journal: Review of Social Economy Pages: 79-106 Issue: 1 Volume: 65 Year: 2007 Keywords: social capital, embeddedness, firm performance, SME, regions, UK, X-DOI: 10.1080/00346760601132170 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760601132170 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:1:p:79-106 Template-Type: ReDIF-Article 1.0 Author-Name: Irene van Staveren Author-X-Name-First: Irene Author-X-Name-Last: van Staveren Author-Name: Peter Knorringa Author-X-Name-First: Peter Author-X-Name-Last: Knorringa Title: Unpacking social capital in Economic Development: How social relations matter Abstract: Social capital is a contested concept, embraced by the mainstream as “the missing link” in economic analysis. This article suggests a way to turn it into a more meaningful understanding of how social relations matter in the economy. It will do so by unpacking the concept into various elements, distinguishing what social relations are from what they do, and by recognizing power in social relationships. We will illustrate our alternative approach with two case studies on the Small and Medium scale Enterprises (SME) footwear sector in Ethiopia and Vietnam. We conclude with suggestions on how this more contextual approach to the understanding of the economic influences of social relations may contribute to social economics. Journal: Review of Social Economy Pages: 107-135 Issue: 1 Volume: 65 Year: 2007 Keywords: social capital, trust, SME, footwear, Ethiopia, Vietnam, X-DOI: 10.1080/00346760601132147 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760601132147 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:1:p:107-135 Template-Type: ReDIF-Article 1.0 Author-Name: John Davis Author-X-Name-First: John Author-X-Name-Last: Davis Title: Call for papers - Annual allied social sciences association meetings New Orleans, LA, January 4-6, 2008 Abstract: Journal: Review of Social Economy Pages: 139-140 Issue: 1 Volume: 65 Year: 2007 X-DOI: 10.1080/00346760701235402 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701235402 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:1:p:139-140 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Knorringa Author-X-Name-First: Peter Author-X-Name-Last: Knorringa Author-Name: Irene van Staveren Author-X-Name-First: Irene Author-X-Name-Last: van Staveren Title: Beyond social capital: A critical approach Abstract: Journal: Review of Social Economy Pages: 1-9 Issue: 1 Volume: 65 Year: 2007 X-DOI: 10.1080/00346760601170204 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760601170204 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:1:p:1-9 Template-Type: ReDIF-Article 1.0 Author-Name: Tom Schuller Author-X-Name-First: Tom Author-X-Name-Last: Schuller Title: Reflections on the use of social capital Abstract: The paper provides a framework for reviewing developments in thinking about social capital over the last decade and for assessing future prospects. It argues for giving particular value to social capital as a phenomenon (conceptual and empirical) which is most effective when viewed in interaction with other elements of analysis or policy. Two forms of interaction are addressed: between bonding and bridging social capital; and between human and social capital. The paper then tracks some of the developments in the policy research debate in order to illustrate the dilemmas involved in the deployment of the concept. The fourth section poses some methodological questions and possible future directions. Journal: Review of Social Economy Pages: 11-28 Issue: 1 Volume: 65 Year: 2007 Keywords: social capital, human capital, OECD, X-DOI: 10.1080/00346760601132162 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760601132162 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:1:p:11-28 Template-Type: ReDIF-Article 1.0 Author-Name: Bart Nooteboom Author-X-Name-First: Bart Author-X-Name-Last: Nooteboom Title: Social capital, institutions and trust Abstract: This paper analyzes the relations between social capital, institutions, and trust. These concepts are full of ambiguity and confusion. This paper attempts to dissolve some of the confusion, by distinguishing trust and control, and analyzing institutional and relational conditions of trust. It presents a tool for the analysis of the foundations of trust, and a diagnosis of its strength and viability. Journal: Review of Social Economy Pages: 29-53 Issue: 1 Volume: 65 Year: 2007 Keywords: social capital, trust, institutions, control, reliability, X-DOI: 10.1080/00346760601132154 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760601132154 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:1:p:29-53 Template-Type: ReDIF-Article 1.0 Author-Name: John B. Davis Author-X-Name-First: John B. Author-X-Name-Last: Davis Title: Postmodernism and the individual as a process Abstract: Journal: Review of Social Economy Pages: 203-208 Issue: 2 Volume: 65 Year: 2007 X-DOI: 10.1080/00346760701345581 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701345581 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:2:p:203-208 Template-Type: ReDIF-Article 1.0 Author-Name: William Milberg Author-X-Name-First: William Author-X-Name-Last: Milberg Title: The shifting and Allegorical Rhetoric of “neoclassical” economics Abstract: Journal: Review of Social Economy Pages: 209-222 Issue: 2 Volume: 65 Year: 2007 X-DOI: 10.1080/00346760701345607 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701345607 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:2:p:209-222 Template-Type: ReDIF-Article 1.0 Author-Name: David F. Ruccio Author-X-Name-First: David F. Author-X-Name-Last: Ruccio Author-Name: Jack Amariglio Author-X-Name-First: Jack Author-X-Name-Last: Amariglio Title: Beyond the Highs and Lows: Economics as a “process without a subject” Abstract: Journal: Review of Social Economy Pages: 223-234 Issue: 2 Volume: 65 Year: 2007 X-DOI: 10.1080/00346760701345649 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701345649 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:2:p:223-234 Template-Type: ReDIF-Article 1.0 Author-Name: William M. Dugger Author-X-Name-First: William M. Author-X-Name-Last: Dugger Title: How Society Makes Itself: The Evolution of Political and Economic Institutions Abstract: Journal: Review of Social Economy Pages: 235-237 Issue: 2 Volume: 65 Year: 2007 X-DOI: 10.1080/00346760701374243 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701374243 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:2:p:235-237 Template-Type: ReDIF-Article 1.0 Author-Name: Tonia Warnecke Author-X-Name-First: Tonia Author-X-Name-Last: Warnecke Title: Rich Democracies: Political Economy, Public Policy, and Performance Abstract: Journal: Review of Social Economy Pages: 238-240 Issue: 2 Volume: 65 Year: 2007 X-DOI: 10.1080/00346760600712022 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600712022 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:2:p:238-240 Template-Type: ReDIF-Article 1.0 Author-Name: Albino Barrera Author-X-Name-First: Albino Author-X-Name-Last: Barrera Title: Poverty, Work and Freedom: Political Economy and the Moral Order Abstract: Journal: Review of Social Economy Pages: 241-244 Issue: 2 Volume: 65 Year: 2007 X-DOI: 10.1080/00346760600711909 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600711909 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:2:p:241-244 Template-Type: ReDIF-Article 1.0 Author-Name: Thomas D. Jeitschko Author-X-Name-First: Thomas D. Author-X-Name-Last: Jeitschko Title: Common Value Auctions and the Winner's Curse Abstract: Journal: Review of Social Economy Pages: 245-248 Issue: 2 Volume: 65 Year: 2007 X-DOI: 10.1080/00346760600712063 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600712063 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:2:p:245-248 Template-Type: ReDIF-Article 1.0 Author-Name: Peter T. Leeson Author-X-Name-First: Peter T. Author-X-Name-Last: Leeson Title: Balkanization and assimilation: Examining the effects of state-created homogeneity Abstract: This paper investigates the effects of state-created homogeneity on the ability of socially distant individuals to trade. I show that where the state is absent, socially distant agents adopt the customs, practices and institutions of outsiders they desire to interact with. By creating a degree of homogeneity, agents signal their credibility to each other. These signals, in turn, enable inter-group exchange. Formal institutions provided by government can create noise in these signals. This noise incapacitates the information mechanism employed by heterogeneous agents to enable trade. Journal: Review of Social Economy Pages: 141-164 Issue: 2 Volume: 65 Year: 2007 Keywords: homogeneity, institutions, self-enforcement, balkanization, assimilation, X-DOI: 10.1080/00346760600709960 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600709960 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:2:p:141-164 Template-Type: ReDIF-Article 1.0 Author-Name: Betsy Jane Clary Author-X-Name-First: Betsy Jane Author-X-Name-Last: Clary Title: Broadening the concept of rational economic behavior: A case study of cheese making at the Abbey of Tamie Abstract: Through an analysis of the business activities of a Trappist monastery, an attempt is made to add to the understanding of how ethical considerations, custom, and culture, as well as the profit motive, affect how actual economic decisions are made. This analysis is implemented through a case study of the cheese-making business of a monastery in the French Alps where the tradition of cheese, agriculture, and monks is important to the culture and customs of the area. The analysis finds that the monks are able to successfully conduct their business in ways that honor their custom and culture within the religious confines imposed by the monastery. Journal: Review of Social Economy Pages: 165-186 Issue: 2 Volume: 65 Year: 2007 Keywords: monasteries, economic provisioning, ethics, culture, cheese production, X-DOI: 10.1080/00346760701374169 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701374169 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:2:p:165-186 Template-Type: ReDIF-Article 1.0 Author-Name: Gillian Hewitson Author-X-Name-First: Gillian Author-X-Name-Last: Hewitson Title: Feminist economics as a Postmodern Moment Abstract: Journal: Review of Social Economy Pages: 187-193 Issue: 2 Volume: 65 Year: 2007 X-DOI: 10.1080/00346760701345508 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701345508 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:2:p:187-193 Template-Type: ReDIF-Article 1.0 Author-Name: Miriam Teschl Author-X-Name-First: Miriam Author-X-Name-Last: Teschl Title: What does it mean to be decentered? Abstract: Journal: Review of Social Economy Pages: 195-201 Issue: 2 Volume: 65 Year: 2007 X-DOI: 10.1080/00346760701345532 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701345532 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:2:p:195-201 Template-Type: ReDIF-Article 1.0 Author-Name: Joshua Frank Author-X-Name-First: Joshua Author-X-Name-Last: Frank Title: Meat as a bad habit: A case for positive feedback in consumption preferences leading to lock-in Abstract: The concepts of path dependence and lock-in have received growing acceptance but have generally been thought of as driven by positive feedback on the supply side of the economy. A case through example is made here of how endogenous preferences positive feedback in utility from consumption, social considerations, and institutional considerations can all lead to path dependence and the persistence of suboptimal consumption choices. The case here specifically relates to meat consumption and utilizes behavioral, institutional, as well as neoclassical approaches to justify the conclusion. It is argued that increased meat consumption, which at one time may have had positive value, has developed increasingly negative consequences both at the individual and social level. Negative impacts include health consequences, low production efficiency, and environmental damage, among others. Nevertheless, preferences for meat are maintained by multiple factors including historical dependence of tastes, socially established meanings of consumption choices, and institutional inertia. Journal: Review of Social Economy Pages: 319-348 Issue: 3 Volume: 65 Year: 2007 Keywords: path dependence, lock-in, endogenous preferences, meat, X-DOI: 10.1080/00346760701635833 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701635833 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:3:p:319-348 Template-Type: ReDIF-Article 1.0 Author-Name: Ramya Vijaya Author-X-Name-First: Ramya Author-X-Name-Last: Vijaya Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 349-385 Issue: 3 Volume: 65 Year: 2006 X-DOI: 10.1080/00346760600712188 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600712188 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2006:i:3:p:349-385 Template-Type: ReDIF-Article 1.0 Author-Name: Nuno Martins Author-X-Name-First: Nuno Author-X-Name-Last: Martins Title: Realism, universalism and capabilities Abstract: Amartya Sen's capability approach is a perspective that (unlike approaches that focus only on resources or goods) takes into account the heterogeneities between human individuals in the assessment of well-being and advantage. Nevertheless, the recognition of diversity between individuals also poses difficulties to the application of the capability approach in welfare analysis. Tony Lawson's structured ontology will be suggested here in order to render (empirical) diversity compatible with the need to make more general (possibly universal) welfare analysis (and policy prescriptions). This is so because Lawson's structured ontology distinguishes between an empirical level, where diversity exists, and an ontologically distinct level of the causal factors underlying the former: universalizing and generalizing can be made at this latter level. Journal: Review of Social Economy Pages: 253-278 Issue: 3 Volume: 65 Year: 2007 Keywords: capabilities, diversity, structured ontology, realism, universalism, X-DOI: 10.1080/00346760701635817 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701635817 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:3:p:253-278 Template-Type: ReDIF-Article 1.0 Author-Name: Tom Walker Author-X-Name-First: Tom Author-X-Name-Last: Walker Title: Why economists dislike a lump of labor Abstract: The lump-of-labor fallacy has been called one of the “best known fallacies in economics.” It is widely cited in disparagement of policies for reducing the standard hours of work, yet the authenticity of the fallacy claim is questionable, and explanations of it are inconsistent and contradictory. This article discusses recent occurrences of the fallacy claim and investigates anomalies in the claim and its history. S.J. Chapman's coherent and formerly highly regarded theory of the hours of labor is reviewed, and it is shown how that theory could lend credence to the job-creating potentiality of shorter working time policies. It concludes that substituting a dubious fallacy claim for an authentic economic theory may have obstructed fruitful dialogue about working time and the appropriate policies for regulating it. Journal: Review of Social Economy Pages: 279-291 Issue: 3 Volume: 65 Year: 2007 Keywords: lump-of-labor fallacy, hours of work, full-employment policy, X-DOI: 10.1080/00346760701635809 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701635809 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:3:p:279-291 Template-Type: ReDIF-Article 1.0 Author-Name: Marie-Laure Baron Author-X-Name-First: Marie-Laure Author-X-Name-Last: Baron Title: Defining the frontiers of the firm through property rights allocation: The case of the French retailer cooperative Leclerc Abstract: France harbours three large retailer cooperatives which, put together, account for more than a third of the national market share. The largest of these is Leclerc, a leading firm on the French territory. The paper presented here shows how, through the particular distribution of property rights and decision patterns, this cooperative, although hampered by an unstable size, manages to compete with integrated firms. Indeed, the processes that have been developed enable the cooperative to acquire long-term property rights on the specific assets (stores), while remaining in the cooperative framework. The system built is efficient because incentives remain high for members to increase their own performance. Journal: Review of Social Economy Pages: 293-317 Issue: 3 Volume: 65 Year: 2007 Keywords: cooperatives, property rights, retailing, contract theory, X-DOI: 10.1080/00346760701635825 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701635825 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:3:p:293-317 Template-Type: ReDIF-Article 1.0 Author-Name: Stefan Mann Author-X-Name-First: Stefan Author-X-Name-Last: Mann Title: Beyond Bohm-Bawerk: Searching for a place for relations in economic theory Abstract: Although, in the nineteenth century, Bohm-Bawerk remarked that relations as a category are distinct from goods, economists today increasingly subsume relations as a particular category of goods, both semantically and by applying methods like Contingent Valuation. This paper shows where the main distinctions between goods and relations lie. It categorizes economically relevant relations along the lines of symmetry and relevance for bystanders. The main obstacles to applying valuation techniques developed for public goods are outlined. Journal: Review of Social Economy Pages: 445-457 Issue: 4 Volume: 65 Year: 2007 Keywords: Bohm-Bawerk, relations, goods, X-DOI: 10.1080/00346760701667299 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701667299 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:4:p:445-457 Template-Type: ReDIF-Article 1.0 Author-Name: Emil Berendt Author-X-Name-First: Emil Author-X-Name-Last: Berendt Title: A mathematical note on Msgr. John A. Ryan's thought on the minimum wage Abstract: This paper examines Msgr. John A. Ryan's economic thought regarding the mechanics by which an increase in the minimum wage is funded. In particular, a mathematical comparative-static model is used to explore Msgr. Ryan's economic assumptions concerning the channels by which income is redistributed to workers from other factor owners. The analysis shows that Msgr. Ryan's approach includes assumptions regarding economic relationships and implies specific values of wage elasticities. Journal: Review of Social Economy Pages: 459-473 Issue: 4 Volume: 65 Year: 2007 Keywords: just wage, minimum wage, John Ryan, income distribution, catholic social teaching, X-DOI: 10.1080/00346760600863197 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600863197 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:4:p:459-473 Template-Type: ReDIF-Article 1.0 Author-Name: Mark White Author-X-Name-First: Mark Author-X-Name-Last: White Title: Book reviews Abstract: Journal: Review of Social Economy Pages: 475-502 Issue: 4 Volume: 65 Year: 2006 X-DOI: 10.1080/00346760600712162 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600712162 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2006:i:4:p:475-502 Template-Type: ReDIF-Article 1.0 Author-Name: Deborah Figart Author-X-Name-First: Deborah Author-X-Name-Last: Figart Title: Social responsibility for living standards: Presidential address, association for social economics, 2007 Abstract: This address presents a vision of economics—drawing upon social, institutional, and feminist economics—that supports the assertion that there should be social responsibility for living standards. Alternative definitions of what an economy is and what economics should study are related to three definitions of living standards presented in Amartya Sen's 1985 Tanner Lectures on the topic. A social provisioning approach to economic life emphasizes that provisioning needs to be organized to promote human flourishing. One contemporary challenge is to do this in a manner that sustains caring and promotes gender equity. 1 Journal: Review of Social Economy Pages: 391-405 Issue: 4 Volume: 65 Year: 2007 Keywords: social provisioning, living standards, well being, capabilities, caring, gender equity, X-DOI: 10.1080/00346760701668487 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701668487 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:4:p:391-405 Template-Type: ReDIF-Article 1.0 Author-Name: Manuel Couret Branco Author-X-Name-First: Manuel Couret Author-X-Name-Last: Branco Title: Family, religion and economic performance: A critique of cultural determinism Abstract: Arguing that some attitudes that may constitute an obstacle to the development process are culturally funded, cultural determinism pleads that underdevelopment is essentially generated endogenously, in other words, that people in developing countries, with their beliefs and their attitudes, are the more liable for the poverty in which they live. The simplicity of these arguments has seduced a large number of scholars but what seems to be a cultural brake on economic development could be explained otherwise. This critique of cultural determinism's arguments attempts to supply an alternative version of the interaction of culture and development, from which power, class, domination and the international division of labour will not be excised. In order to simplify this study only two of the cultural features most often referred to will be brought into focus: religion and family and patterns of kinship. Journal: Review of Social Economy Pages: 407-424 Issue: 4 Volume: 65 Year: 2007 Keywords: development, underdevelopment, culture, religion, family, human rights, X-DOI: 10.1080/00346760701668438 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701668438 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:4:p:407-424 Template-Type: ReDIF-Article 1.0 Author-Name: Thomas Kemp Author-X-Name-First: Thomas Author-X-Name-Last: Kemp Author-Name: Tim Wunder Author-X-Name-First: Tim Author-X-Name-Last: Wunder Title: Simulating inequality and social order in the classroom: A macroeconomic game Abstract: Actual economic activity often is too large or abstract for students of economics to understand. It has been the experience of the authors that when the economy is explained in terms of an autonomous classroom, students better understand that the economy is about the social process of determining what will be produced, how it will be produced, and for whom it will be produced. In the most basic sense the purpose of the simulation describe herein is to provide the student with personal experience of the market process. Journal: Review of Social Economy Pages: 425-443 Issue: 4 Volume: 65 Year: 2007 Keywords: education, classroom games, inequality, macroeconomics, law, norms, fiscal policy, X-DOI: 10.1080/00346760600863189 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760600863189 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:65:y:2007:i:4:p:425-443 Template-Type: ReDIF-Article 1.0 Author-Name: Heather Boushey Author-X-Name-First: Heather Author-X-Name-Last: Boushey Title: Family Friendly Policies: Helping Mothers Make Ends Meet Abstract: This paper examines how family friendly policies affect mothers' wages. Standard economic theory predicts that workers who desire family friendly policies would accept lower wages, all else equal. However, in the US labor market, the workers who have access to these policies tend to be in the higher-prestige and higher-earning occupations. This study examines the effects on wages of having had access to maternity leave and the ability to control one's schedule, using the Survey of Income and Program Participation. The present-day wages of mothers who were working prior to the birth of their first child and received pay during their maternity leave are 9 percent higher compared to other mothers, controlling for other personal and job-related characteristics. Mothers who report working their current schedule because it helps them address their caring responsibilities—child care, elder care, or care for a sick family member—do not suffer a wage penalty as a result. Journal: Review of Social Economy Pages: 51-70 Issue: 1 Volume: 66 Year: 2008 Keywords: maternity leave, workplace flexibility, wages, X-DOI: 10.1080/00346760701668446 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701668446 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:1:p:51-70 Template-Type: ReDIF-Article 1.0 Author-Name: Stefano Lucarelli Author-X-Name-First: Stefano Author-X-Name-Last: Lucarelli Author-Name: Andrea Fumagalli Author-X-Name-First: Andrea Author-X-Name-Last: Fumagalli Title: Basic Income and Productivity in Cognitive Capitalism Abstract: In this article, basic income (BI) will not be considered as a measure to raise living standards and social well-being. Rather, it will be presented as an indispensable structural policy for achieving a healthier social order governed by a more equitable compromise between capital and labor. Embracing the French Regulation School approach, we maintain that such a compromise is founded on the redistribution of productivity gains. Describing the dynamics of productivity enables a better understanding of the main features and development of contemporary capitalism. In advancing our argument, we focus on the socioeconomic transformation that has overtaken the Fordist paradigm within Western countries and propose the term “cognitive capitalism” to describe the new economic system. We argue that BI can be seen as a viable economic policy able to contrast the instability generated by the present form(s) of accumulation, as it increases productivity through network and learning processes. Journal: Review of Social Economy Pages: 71-92 Issue: 1 Volume: 66 Year: 2008 Keywords: basic income, productivity, cognitive capitalism, crisis, Regulation School, post-Fordism, knowledge, X-DOI: 10.1080/00346760802063000 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802063000 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:1:p:71-92 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Friedman Author-X-Name-First: Mark Author-X-Name-Last: Friedman Title: Living Wage and Optimal Inequality in a Sarkarian Framework Abstract: Principles from the social thought of the Indian philosopher P.R. Sarkar are employed to show that there exists an optimal level of economic inequality that joins the values of economic justice and efficiency. Sarkar favored establishing a living wage as well as a maximum wage that allows for work incentives. It is argued that the primary justification for inequality is to provide incentives for individual productivity, and that the value of those incentives should not exceed the economic contributions they produce. To determine the relative importance of income incentives in motivating individual economic contributions, it is found necessary to develop a multifaceted model of human productivity. Such a model is developed using concepts from humanistic psychology. A Sarkarian individual productivity curve is introduced in diagrammatic analysis to demonstrate the existence of an optimal level of inequality, and also to explain the persistence of extreme income inequality. Journal: Review of Social Economy Pages: 93-111 Issue: 1 Volume: 66 Year: 2008 Keywords: inequality, living wage, P.R. Sarkar, PROUT, productivity, Maslow, X-DOI: 10.1080/00346760701668479 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701668479 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:1:p:93-111 Template-Type: ReDIF-Article 1.0 Author-Name: Deborah Figart Author-X-Name-First: Deborah Author-X-Name-Last: Figart Author-Name: John Marangos Author-X-Name-First: John Author-X-Name-Last: Marangos Title: Introduction to Living Standards and Social Well-Being Abstract: This special issue contains five articles on the subject of living standards and well-being, important topics in social economics. The authors assess the so-called squirrel cage of work-and-spend, and the culture of overconsumption in the USA and other industrialized countries. They evaluate overwork and the implications for balancing work and family, and underwork and the need for a basic income. The articles in this special issue point to a myriad of policy proposals to be found not only in employer practices but through broader universal policy solutions as well, such as nationally applicable labor standards, and access to paid leave and flexible scheduling. Journal: Review of Social Economy Pages: 1-5 Issue: 1 Volume: 66 Year: 2008 Keywords: John A. Ryan, living standards, well-being, basic income, consumption, family policy, P.R. Sarkar, X-DOI: 10.1080/00346760701309868 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701309868 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:1:p:1-5 Template-Type: ReDIF-Article 1.0 Author-Name: Martha Starr Author-X-Name-First: Martha Author-X-Name-Last: Starr Title: Consumption, Work Hours, and Values in the Writings of John A. Ryan: Is it Possible to Return to the Road Not Taken? Abstract: The 1920s saw important debate about consumption and work hours. Some industrialists argued that work hours needed to remain high to sustain demand for output; others thought they could fall because people would buy goods to complement their leisure. In contrast, John A. Ryan thought that work hours could and should decline in the interests of “industrial sanity, social well-being, and desirable human life.” This paper discusses Ryan's views of consumption and work hours, which were far broader and richer than contemporary critique. Ryan's writings clarify that, if contemporary projects are to engender the sort of fundamental changes in everyday life contemplated in the 1920s, they need to consider social as well as individual values and the ineludible distributional dimensions of the consumerist lifestyle; otherwise their effects may be confined to promoting lifestyle adjustment among better-off groups. Journal: Review of Social Economy Pages: 7-24 Issue: 1 Volume: 66 Year: 2008 Keywords: consumption, work hours, wellbeing, John Ryan, X-DOI: 10.1080/00346760701668453 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701668453 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:1:p:7-24 Template-Type: ReDIF-Article 1.0 Author-Name: Lonnie Golden Author-X-Name-First: Lonnie Author-X-Name-Last: Golden Author-Name: Barbara Wiens-Tuers Author-X-Name-First: Barbara Author-X-Name-Last: Wiens-Tuers Title: Overtime Work and Wellbeing at Home Abstract: When workers devote more time to paid work it raises income or prospects, but at what cost to those individuals and their families? Descriptive analysis of data from the 2002 General Social Survey Quality of Work module finds that working beyond one's usual schedule is associated with higher absolute and relative family income. However, working extra hours also is associated with greater work - family interference and lesser ability to take time off from work for family needs. There are additional detrimental effects on worker wellbeing, such as slightly more fatigue from work, when the extra work is required by the employer than when it is not. Thus, models of economic well being should incorporate whether or not extra work is imposed. Policies intended to improve social wellbeing should focus on limiting the incidence, frequency and specific repercussions of overtime work that is mandatory and enhancing workers' ability to avoid it. Journal: Review of Social Economy Pages: 25-49 Issue: 1 Volume: 66 Year: 2008 Keywords: working hours, working time, overtime, overwork, work-life, quality of life, X-DOI: 10.1080/00346760701668495 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701668495 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:1:p:25-49 Template-Type: ReDIF-Article 1.0 Author-Name: David Fairris Author-X-Name-First: David Author-X-Name-Last: Fairris Author-Name: Gurleen Popli Author-X-Name-First: Gurleen Author-X-Name-Last: Popli Author-Name: Eduardo Zepeda Author-X-Name-First: Eduardo Author-X-Name-Last: Zepeda Title: Minimum Wages and the Wage Structure in Mexico Abstract: Instead of merely setting a lower bound on the wages of formal sector workers, minimum wages serve as a norm for wage setting more generally throughout the Mexican economy. Our results suggest that wages are commonly set at multiples of the minimum wage, and that changes in minimum wages influence wage changes across the occupational distribution. Moreover, our findings suggest that these normative features of minimum wages have their greatest impact on the mid-to-lower tail of the wage distribution, including the informal sector of the economy. Thus, the results lend support to the view that declining real minimum wages and stabilization programs that strengthened the link between wage levels, wage changes, and minimum wages, might account for a portion of the growing wage inequality in Mexico over the period of the late 1980s and early 1990s. Journal: Review of Social Economy Pages: 181-208 Issue: 2 Volume: 66 Year: 2008 Keywords: wage distributions, minimum wages, wage inequality, Mexico, X-DOI: 10.1080/00346760701691489 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701691489 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:2:p:181-208 Template-Type: ReDIF-Article 1.0 Author-Name: Andrej Susjan Author-X-Name-First: Andrej Author-X-Name-Last: Susjan Author-Name: Tjasa Redek Author-X-Name-First: Tjasa Author-X-Name-Last: Redek Title: Uncertainty and Growth in Transition Economies Abstract: The paper investigates the relationship between fundamental uncertainty, a recurrent theme in post-Keynesian economic literature, and economic performance in transition economies. Uncertainty in the transitional economic environment is enhanced by factors such as institutional transformation, political and social instability, and legacies of the past. To capture the changes in the levels of transition-specific uncertainty, the authors have designed the uncertainty index, based on a weighted selection of Heritage Foundation and Freedom House data. The correlation between the uncertainty index and growth is strong and clearly negative. Panel data analysis based on a growth model, supplemented by variables to simulate transitional cycle, and performed on a sample of transition economies for the period 1995-2002, confirms that high levels of transition-specific uncertainty had a negative impact on economic growth. Journal: Review of Social Economy Pages: 209-234 Issue: 2 Volume: 66 Year: 2008 Keywords: uncertainty, economic transition, institutions, economic growth, X-DOI: 10.1080/00346760701821979 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701821979 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:2:p:209-234 Template-Type: ReDIF-Article 1.0 Author-Name: Ben Fine Author-X-Name-First: Ben Author-X-Name-Last: Fine Title: Vicissitudes of Economics Imperialism Abstract: Journal: Review of Social Economy Pages: 235-240 Issue: 2 Volume: 66 Year: 2008 X-DOI: 10.1080/00346760701821987 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701821987 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:2:p:235-240 Template-Type: ReDIF-Article 1.0 Author-Name: Wilfred Dolfsma Author-X-Name-First: Wilfred Author-X-Name-Last: Dolfsma Author-Name: Deborah Figart Author-X-Name-First: Deborah Author-X-Name-Last: Figart Author-Name: Robert McMaster Author-X-Name-First: Robert Author-X-Name-Last: McMaster Author-Name: Martha Starr Author-X-Name-First: Martha Author-X-Name-Last: Starr Title: Editorial Abstract: Journal: Review of Social Economy Pages: 137-138 Issue: 2 Volume: 66 Year: 2008 X-DOI: 10.1080/00346760701817308 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701817308 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:2:p:137-138 Template-Type: ReDIF-Article 1.0 Author-Name: Nina Banks Author-X-Name-First: Nina Author-X-Name-Last: Banks Title: The Black Worker, Economic Justice and the Speeches of Sadie T.M. Alexander Abstract: This paper examines Sadie Tanner Mossell Alexander's challenge to racial oppression within the US. In 1921, Alexander became the first African American woman to earn a PhD in economics. The author links Alexander's arguments for black political rights to the provision of economic justice for working class Americans. Journal: Review of Social Economy Pages: 139-161 Issue: 2 Volume: 66 Year: 2008 Keywords: economic justice, black workers, full employment, redistributive policies, X-DOI: 10.1080/00346760701335707 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701335707 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:2:p:139-161 Template-Type: ReDIF-Article 1.0 Author-Name: Stefan Mann Author-X-Name-First: Stefan Author-X-Name-Last: Mann Title: Framing Obesity in Economic Theory and Policy Abstract: This paper explores several explanatory approaches for the rise and the prevalence of obesity in society. Both rationalist approaches and explanations involving information problems or weakness of will are considered. It is shown that many world religions take a united stance against obesity. While the recent rise in obesity can be explained rationally by a changed environment, information deficiencies and akrasia contribute to explaining its frequency in general. If the state intervenes, a “fat tax” carries much higher allocative losses than taxing overweight directly. Journal: Review of Social Economy Pages: 163-179 Issue: 2 Volume: 66 Year: 2008 Keywords: welfare economics, second-order preferences, health economics, X-DOI: 10.1080/00346760701668461 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701668461 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:2:p:163-179 Template-Type: ReDIF-Article 1.0 Author-Name: Siobhan Austen Author-X-Name-First: Siobhan Author-X-Name-Last: Austen Author-Name: Noelle Leonard Author-X-Name-First: Noelle Author-X-Name-Last: Leonard Title: Measuring Women's Quality of Life: A Discussion of Alternative Approaches Abstract: This paper reports our experiences with the application of a number of alternative approaches to a study of women's economic circumstances and quality of life in a typical western city. The important work of, especially, Martha Nussbaum on the capabilities approach to evaluations of “quality of life” has highlighted pitfalls associated with the use of a narrow informational base in studies of women's lives and has emphasized the value of qualitative methods in these evaluations. However, to date, most discussions of the relevance of plural approaches to studies of women's lives have been conducted in the context of developing countries. This paper contributes a practical, current example of the relevance of such approaches to assessments of the lives of women in western countries as well. The research findings reported in the paper also cast further light on the importance of several, related themes in the literature on the capabilities approach, namely the importance of understanding how women's aspirations and expectations change with their economic and social experiences; and the importance of appreciating the social uses of language and how this affects the way in which women describe their lives. Journal: Review of Social Economy Pages: 325-349 Issue: 3 Volume: 66 Year: 2008 Keywords: economic well-being, quality of life, adaptive preferences, qualitative methods, Australia, X-DOI: 10.1080/00346760701821839 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701821839 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:3:p:325-349 Template-Type: ReDIF-Article 1.0 Author-Name: Carole A. Green Author-X-Name-First: Carole Author-X-Name-Last: A. Green Author-Name: Marianne A. Ferber Author-X-Name-First: Marianne Author-X-Name-Last: A. Ferber Title: The Long-Term Impact of Labor Market Interruptions: How Crucial is Timing? Abstract: In this day of two earner and single adult families many women and a small but growing minority of men face the decision whether and when to drop out of the labor force for a time, most often in order to take care of young children or in some cases of elderly family members. In addition, both women and men face the risk of occasional interruptions in their labor force participation when they are unable to find a job. In this study we use the NLSY79 data to investigate the long run effects on earnings of dropping out of the labor force and/or of being unemployed during the first 15 years of the careers of men and women firmly attached to the labor force, with particular attention to the importance of the timing of these interruptions. After controlling for numerous relevant factors, we find no significant negative impact on wage growth associated with time out of the labor force either early on or later, but do find that unemployment during the second half of the period has such effects both for men and for women. Journal: Review of Social Economy Pages: 351-379 Issue: 3 Volume: 66 Year: 2008 Keywords: labour market interruptions, women's labor force participation, NLSY79, wage growth, X-DOI: 10.1080/00346760701821953 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701821953 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:3:p:351-379 Template-Type: ReDIF-Article 1.0 Author-Name: Sebastian Berger Author-X-Name-First: Sebastian Author-X-Name-Last: Berger Title: Karl Polanyi's and Karl William Kapp's Substantive Economics: Important Insights from the Kapp-Polanyi Correspondence Abstract: Based on the unpublished Kapp-Polanyi correspondence, the paper analyzes the relationship between the two economists, as well as the meaning and origin of substantive economics, i.e. one of the key concepts of institutional economics with distinctly European roots. The correspondence shows how both economists influenced each other in their similar understanding of the substantive economy, and reveals that these similarities and the mutual influence date back to the 'planning debate' of the 1920s and 1930s. The documents also evidence the importance of Carl Menger's definition of substantive economics in the posthumous and untranslated second edition of the Grundsatze der Volkswirtschaftslehre (Principles of Economics) (1923). As a result, Kapp's political economy, i.e. his social minima approach appears in new light. The latter actualizes the full potential of substantive economics for a modern political economy by integrating insights from Polanyi's substantive economics, Menger's differentiation of human needs according to their urgency, and Max Weber's substantive rationality. Journal: Review of Social Economy Pages: 381-396 Issue: 3 Volume: 66 Year: 2008 Keywords: K. William Kapp, Karl Polanyi, substantive economics, social costs, social minima, X-DOI: 10.1080/00346760801932783 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760801932783 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:3:p:381-396 Template-Type: ReDIF-Article 1.0 Author-Name: Thomas Palley Author-X-Name-First: Thomas Author-X-Name-Last: Palley Title: The Economics of Outsourcing: How Should Policy Respond? Abstract: Outsourcing is a central element of economic globalization, representing a new form of competition. Responding to outsourcing calls for policies that enhance national competitiveness and establish rules ensuring acceptable forms of competition. Viewing outsourcing through the lens of competition connects with early 20th-century American institutional economics. The policy challenge is to construct institutions that ensure stable, robust flows of demand and income, thereby addressing the Keynesian problem while preserving incentives for economic action. This was the approach embedded in the New Deal, which successfully addressed the problems of the Depression era. Global outsourcing poses the challenge anew and calls for creative institutional arrangements to shape the nature of competition. Journal: Review of Social Economy Pages: 279-295 Issue: 3 Volume: 66 Year: 2008 Keywords: global outsourcing, globalization, international trade, institutionalism, competition, X-DOI: 10.1080/00346760701821896 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701821896 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:3:p:279-295 Template-Type: ReDIF-Article 1.0 Author-Name: Colin C. Williams Author-X-Name-First: Colin Author-X-Name-Last: C. Williams Author-Name: John Round Author-X-Name-First: John Author-X-Name-Last: Round Title: A Critical Evaluation of Romantic Depictions of the Informal Economy Abstract: The conventional portrayal of the formal/informal economy dichotomy endows the formal economy with positive attributes and the informal economy with negative characteristics. Recently, this hierarchy has been inverted by scholars portraying the informal economy positively as a chosen alternative and path to progress. This paper evaluates critically this emergent representation. Reporting a study of the informal economy in the Ukraine conducted in 2005/2006, a diverse array of informal economic practices are identified that amongst some groups represent an involuntary means of livelihood but amongst others a chosen alternative and some of which seem beneficial and others deleterious to economic development and social cohesion. The outcome is a call to transcend simplistic binary hierarchical depictions of the formal economy as “bad”/informal economy as “good” (or the inverse) and towards a finer-grained and more nuanced understanding of the diverse forms of informal work and their varying consequences for economic development and social cohesion. Journal: Review of Social Economy Pages: 297-323 Issue: 3 Volume: 66 Year: 2008 Keywords: informal sector, underground economy, economic development, Ukraine, post-socialist societies, X-DOI: 10.1080/00346760801932700 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760801932700 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:3:p:297-323 Template-Type: ReDIF-Article 1.0 Author-Name: Geoffrey Schneider Author-X-Name-First: Geoffrey Author-X-Name-Last: Schneider Author-Name: Paul Susman Author-X-Name-First: Paul Author-X-Name-Last: Susman Title: Trade, People and Places: A Social Economic-Geographic Approach to Comparative Institutional Advantage Abstract: This paper examines the theoretical underpinning of contemporary trade policies through a social economics lens. The paper offers a social economic critique of the theory of comparative advantage and the recently developed theory of comparative institutional advantage. Subsequently, the paper develops a more comprehensive and general theory of comparative institutional advantage consistent with the principles and methodology of social economics. Furthermore, it suggests ways in which this social economic-geographic version of the theory of comparative institutional advantage can be used in the construction of trade policies which are more likely to have a beneficial impact on the welfare of communities and to foster the fulfilling of human needs and potential. This version of the theory serves to reorient the focus of economic policy to the welfare of the community and the income-generating possibilities of trade. And it serves as a superior guide to policymaking because it is better able to define the root causes of regional success than standard trade theories. Journal: Review of Social Economy Pages: 469-499 Issue: 4 Volume: 66 Year: 2008 Keywords: trade, comparative advantage, comparative institutional advantage, social economics, geography, X-DOI: 10.1080/00346760801932684 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760801932684 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:4:p:469-499 Template-Type: ReDIF-Article 1.0 Author-Name: Oliver Kessler Author-X-Name-First: Oliver Author-X-Name-Last: Kessler Title: Uncertainty, Rationality and the Study of Social Institutions Abstract: The insight that both ontological and epistemological perspectives are intertwined is certainly correct, but at the same time insufficient to differentiate mainstream from heterodox approaches to economic institutions. As this paper argues, it is important whether one starts from ontological or epistemological considerations first. The paper suggests that the difference can be described in terms of function versus rules and demonstrates that an intersubjective ontology for institutions requires also an intersubjective epistemology. Otherwise, ontological precepts contradict the epistemological ones with important repercussions for understanding knowledge, rationality and institutions. Journal: Review of Social Economy Pages: 501-522 Issue: 4 Volume: 66 Year: 2008 Keywords: uncertainty, risk, practical knowledge, linguistic turn, institutionalism, X-DOI: 10.1080/00346760801932692 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760801932692 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:4:p:501-522 Template-Type: ReDIF-Article 1.0 Author-Name: Claudio Sardoni Author-X-Name-First: Claudio Author-X-Name-Last: Sardoni Title: Some Notes on the Nature of Money and the Future of Monetary Policy Abstract: In a debate on the future of monetary policy and the displacement of money, Woodford argued that, even if innovations should lead to a situation in which the banks' demand for reserves at the central bank is zero, the central bank can still influence the economy's interest rates because its liability is the economy's unit of account. This paper deals with these topics by considering the implications of emphasizing the function of money as unit of account. In the analysis of money from this perspective, social, institutional and economic factors play a crucial role. Money is a social and historical relation. Therefore, the displacement of money and central banks, though possible, is a complex process involving economic, social and political factors, not merely the result of innovations. The paper also looks at some aspects of Kaldor's theory, which is centered on the fundamental importance of money as unit of account. Journal: Review of Social Economy Pages: 523-537 Issue: 4 Volume: 66 Year: 2008 Keywords: money, central banking, X-DOI: 10.1080/00346760801932734 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760801932734 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:4:p:523-537 Template-Type: ReDIF-Article 1.0 Author-Name: Wilfred Dolfsma Author-X-Name-First: Wilfred Author-X-Name-Last: Dolfsma Title: Giving-How Each Of Us Can Change The World Abstract: Journal: Review of Social Economy Pages: 539-541 Issue: 4 Volume: 66 Year: 2008 X-DOI: 10.1080/00346760801956253 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760801956253 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:4:p:539-541 Template-Type: ReDIF-Article 1.0 Author-Name: Jack Reardon Author-X-Name-First: Jack Author-X-Name-Last: Reardon Title: Capitalism and its Economics-A Critical History Abstract: Journal: Review of Social Economy Pages: 542-544 Issue: 4 Volume: 66 Year: 2008 X-DOI: 10.1080/00346760701821961 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701821961 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:4:p:542-544 Template-Type: ReDIF-Article 1.0 Author-Name: Cristian Perez Munoz Author-X-Name-First: Cristian Author-X-Name-Last: Perez Munoz Title: Rethinking Political Institutions: The Art of the State Abstract: Journal: Review of Social Economy Pages: 544-549 Issue: 4 Volume: 66 Year: 2008 X-DOI: 10.1080/00346760801932742 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760801932742 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:4:p:544-549 Template-Type: ReDIF-Article 1.0 Author-Name: Martha Starr Author-X-Name-First: Martha Author-X-Name-Last: Starr Title: The Economics of Non-selfish Behavior: Decisions to Contribute Money to Public Goods Abstract: Journal: Review of Social Economy Pages: 549-552 Issue: 4 Volume: 66 Year: 2008 X-DOI: 10.1080/00346760801932809 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760801932809 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:4:p:549-552 Template-Type: ReDIF-Article 1.0 Author-Name: Miguel-Angel Galindo Author-X-Name-First: Miguel-Angel Author-X-Name-Last: Galindo Title: The Year of the Euro: The Cultural, Social, and Political Import of Europe's Common Currency Abstract: Journal: Review of Social Economy Pages: 552-555 Issue: 4 Volume: 66 Year: 2008 X-DOI: 10.1080/00346760801932791 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760801932791 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:4:p:552-555 Template-Type: ReDIF-Article 1.0 Author-Name: John Tiemstra Author-X-Name-First: John Author-X-Name-Last: Tiemstra Title: Rethinking the Costs of Economic Growth. Association for Social Economics Presidential Address, 2008 Abstract: The source of economic development and growth is specialization in the context of comparative advantage. Growth in capital and other inputs, energy use, and technological change are insufficient to explain the magnitude of growth. Earlier critics of economic growth failed to connect growth to specialization, and so were distracted by nostalgia and sentiment. The specialization process itself produces three significant problems. First, as economies become more specialized, they become less flexible. Second, diversity tends to make ecological systems more robust, while specialization weakens them. Third, specialization produces social isolation. Solutions to these problems may be found in participatory, indicative planning. Journal: Review of Social Economy Pages: 423-435 Issue: 4 Volume: 66 Year: 2008 Keywords: specialization, growth, competitiveness, environment, X-DOI: 10.1080/00346760801956246 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760801956246 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:4:p:423-435 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Mochrie Author-X-Name-First: Robert Author-X-Name-Last: Mochrie Author-Name: John Sawkins Author-X-Name-First: John Author-X-Name-Last: Sawkins Author-Name: Alexander Naumov Author-X-Name-First: Alexander Author-X-Name-Last: Naumov Title: Competition and Participation in Religious Markets: Evidence from Victorian Scotland Abstract: In 1885, the largest churches in Scotland were engaged in a dispute about state funding. We use data generated in the course of that dispute to test two related hypotheses. First, as market size (proxied by population) increases, the competitiveness (or complexity) of the religious market structure will not decrease. Second, religious activity, as measured by giving per member, church income and participation, will not decrease as market competitiveness (or complexity) increases. Empirical evidence lends support to the first hypothesis, but casts doubt on the second, and the supply-side theories underpinning it, which posit a causal link between increased competitiveness (complexity) and higher levels of religious activity. In interpreting the results the importance of a rich understanding of institutional arrangements—particularly market structure, governance and financing—is underlined. Journal: Review of Social Economy Pages: 437-467 Issue: 4 Volume: 66 Year: 2008 Keywords: competition, institutional structure, Presbyterian, Scotland, X-DOI: 10.1080/00346760801932726 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760801932726 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:4:p:437-467 Template-Type: ReDIF-Article 1.0 Author-Name: John Davis Author-X-Name-First: John Author-X-Name-Last: Davis Title: Identity and Individual Economic Agents: A Narrative Approach Abstract: This paper offers an account of how individuals act as agents when we employ a narrative approach to explaining their personal identities. It applies Korsgaard's idea of a “reflective structure of consciousness” to provide foundations for a richer account of the individual economic agent, and uses this to explain and distinguish the concepts of personal identity, individual identity, and social identity. The paper argues that individuals' personal identities may be in conflict with their socially constructed individual identities. Individuals' social identities are represented as a link between personal identity, and individual identity. The overall framework is proposed as an alternative to the atomistic individual conception and a contribution to the socially embedded individual conception. Journal: Review of Social Economy Pages: 71-94 Issue: 1 Volume: 67 Year: 2009 Keywords: individuals, personal identity, Korsgaard, individual identity, social identity, Livet, social scaffolding, X-DOI: 10.1080/00346760802431009 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802431009 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:1:p:71-94 Template-Type: ReDIF-Article 1.0 Author-Name: Jonathan Wight Author-X-Name-First: Jonathan Author-X-Name-Last: Wight Title: Adam Smith on Instincts, Affection, and Informal Learning: Proximate Mechanisms in Multilevel Selection Abstract: Why do people give away knowledge in tutoring other people's children or when mentoring junior employees? Neoclassical economists explain informal learning as rational behavior that arises out of enlightened self-interest. They can also justify it as acts that satisfy the agent's preferences for the utility of others. By contrast, this paper shows that Smith's moral sentiments model anticipates a biological approach that explains additional and deeper motives for such exchanges. Instincts and emotions serve consequentialist ends because the ultimate causes of behavior are grounded in adaptations useful for survival and procreation. But man is largely innocent of this knowledge. The proximate causes of behavior—that is, the adaptive mechanisms actually at work in human society—are psychologically obscure—not left to the conscious mind. Social and moral capital develop through instincts and affection, and mentoring and collaboration are examples of social exchanges that arise from them. Journal: Review of Social Economy Pages: 95-113 Issue: 1 Volume: 67 Year: 2009 Keywords: Adam Smith, instinct, informal learning, multilevel selection, X-DOI: 10.1080/00346760802483679 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802483679 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:1:p:95-113 Template-Type: ReDIF-Article 1.0 Author-Name: Maryann Keating Author-X-Name-First: Maryann Author-X-Name-Last: Keating Title: The Bourgeois Virtues: Ethics for an Age of Commerce Abstract: Journal: Review of Social Economy Pages: 115-117 Issue: 1 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760801933385 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760801933385 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:1:p:115-117 Template-Type: ReDIF-Article 1.0 Author-Name: Nazmi Sari Author-X-Name-First: Nazmi Author-X-Name-Last: Sari Title: Targeting in Social Programs: Avoiding Bad Bets, Removing Bad Apples Abstract: Journal: Review of Social Economy Pages: 117-119 Issue: 1 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760802245375 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802245375 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:1:p:117-119 Template-Type: ReDIF-Article 1.0 Author-Name: Lorenzo Garbo Author-X-Name-First: Lorenzo Author-X-Name-Last: Garbo Title: Human Development in the Era of Globalization. Essays in Honor of Keith B. Griffin Abstract: Journal: Review of Social Economy Pages: 120-123 Issue: 1 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760802245359 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802245359 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:1:p:120-123 Template-Type: ReDIF-Article 1.0 Author-Name: Mark White Author-X-Name-First: Mark Author-X-Name-Last: White Title: Introduction to Ethics and Economics Abstract: Journal: Review of Social Economy Pages: 1-2 Issue: 1 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760802460693 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802460693 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:1:p:1-2 Template-Type: ReDIF-Article 1.0 Author-Name: Jennifer Baker Author-X-Name-First: Jennifer Author-X-Name-Last: Baker Title: Virtue and Behavior Abstract: This paper supports Amartya Sen's contention that our moral behavior cannot be represented in economic modeling, given the assumptions accepted by most rational choice theorists. In this paper Sen's argument is supplemented by traditional virtue ethics, which can account for how and why “commitment” is counter-preferential. Yet the changes to economic methodology that Sen recommends are rendered unnecessary by a particular innovation in Stoic ethical theory. If the Stoic distinction between indifferent goods and moral goods is invoked, economics can proceed apace, under the assumption that it is the science that handles our behavior in regard to indifferents only. Journal: Review of Social Economy Pages: 3-24 Issue: 1 Volume: 67 Year: 2009 Keywords: stoicism, ethics, value, virtue, rational choice, X-DOI: 10.1080/00346760802586000 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802586000 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:1:p:3-24 Template-Type: ReDIF-Article 1.0 Author-Name: Irene van Staveren Author-X-Name-First: Irene Author-X-Name-Last: van Staveren Title: Communitarianism and the Market: A Paradox Abstract: Communitarian philosophers understand morality as emerging in communities through the interaction between agents in practices. At first sight, communitarianism seems to provide a suitable perspective for conceptualizing morality in economics, since the economy might be regarded as a sequence of such practices in communities of business, households, and trading. But several well-known communitarians, such as MacIntyre, Anderson, and Etzioni, are rather sceptical about the economy, and in particular markets, as a location of moral behaviour, which leaves us with a paradox: How can economists re-conceptualize the dominant theory of markets towards a more morally embedded theory of economic life, using ideas from communitarianism, when at the same time communitarians deny the market as a location of morality? This article will argue, first, that such a sceptical view relies on a false dichotomy between market and morality. The dichotomy is explained by the acceptance by three major communitarian philosophers of a narrow theory of economic behaviour: rational choice theory. Second, the paper shows how three key communitarian ideas may be usefully applied to the understanding of economic behaviour. Third, the work by another communitarian, Walzer, is referred to, in order to show how communitarian thought may be related to progressive economic thought in order to conceptualize the market as a morally embedded institution. Journal: Review of Social Economy Pages: 25-47 Issue: 1 Volume: 67 Year: 2009 Keywords: communitarianism, morally embedded market, MacIntyre, Etzioni, Anderson, X-DOI: 10.1080/00346760802431306 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802431306 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:1:p:25-47 Template-Type: ReDIF-Article 1.0 Author-Name: Mark White Author-X-Name-First: Mark Author-X-Name-Last: White Title: Pareto, Consent, and Respect for Dignity: A Kantian Perspective Abstract: This paper argues that the Pareto standard, by which policy changes are approved if they benefit at least one person and harms no one, is ethically questionable despite its nearly universal acceptance among economists and philosophers alike. As usually implemented, the Pareto standard bypasses actual consent, relying instead on hypothetical consent based on imputed measures of preferences or wellbeing. By so circumventing actual choice, the Pareto standard violates the respect for the dignity of autonomous agents, as emphasized by Immanuel Kant. If actual consent is obtained, however, the independent relevance of the Pareto standard is endangered. Journal: Review of Social Economy Pages: 49-70 Issue: 1 Volume: 67 Year: 2009 Keywords: Pareto improvement, preferences, consent, dignity, Immanuel Kant, X-DOI: 10.1080/00346760802450553 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802450553 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:1:p:49-70 Template-Type: ReDIF-Article 1.0 Author-Name: Ulrike Muehlberger Author-X-Name-First: Ulrike Author-X-Name-Last: Muehlberger Author-Name: Silvia Pasqua Author-X-Name-First: Silvia Author-X-Name-Last: Pasqua Title: Workers on the Border between Employment and Self-employment* Abstract: The number of workers on the border between self-employment and employment has strongly increased across Europe over the last decade. This paper investigates whether and in what respect these workers differ from employees and self-employed, and analyses whether these work relationships are a stepping stone to more stable employment in the short-run using Italian data. Depending on the data source, the “para-subordinates” represent between 1.8 percent and 5.3 percent of the Italian labor force. Since most of them work only for one company and are strongly integrated into the firm of the contract partner, we argue that labor and social security law discriminates against these workers whose status is in fact very close to employees. We find that they are not low-qualified workers, but young, highly educated professionals. At the same time these contracts seem not to be a port of entry into the labor market nor do we find that they are a vehicle to more stable jobs. However, they are a possibility for women to work part-time. Journal: Review of Social Economy Pages: 201-228 Issue: 2 Volume: 67 Year: 2009 Keywords: self-employment, dependency, outsourcing, X-DOI: 10.1080/00346760701875215 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760701875215 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:2:p:201-228 Template-Type: ReDIF-Article 1.0 Author-Name: Killian McCarthy Author-X-Name-First: Killian Author-X-Name-Last: McCarthy Title: The Transnational Politics of Corporate Governance Regulation Abstract: Journal: Review of Social Economy Pages: 229-232 Issue: 2 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760802245862 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802245862 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:2:p:229-232 Template-Type: ReDIF-Article 1.0 Author-Name: Lorenzo Garbo Author-X-Name-First: Lorenzo Author-X-Name-Last: Garbo Title: AIDS and the Ecology of Poverty Abstract: Journal: Review of Social Economy Pages: 237-240 Issue: 2 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760802245367 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802245367 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:2:p:237-240 Template-Type: ReDIF-Article 1.0 Author-Name: Benjamin Jewell Author-X-Name-First: Benjamin Author-X-Name-Last: Jewell Title: Frontiers of Capital: Ethnographic Reflections of the New Economy Abstract: Journal: Review of Social Economy Pages: 240-244 Issue: 2 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760802245102 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802245102 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:2:p:240-244 Template-Type: ReDIF-Article 1.0 Author-Name: Ingrid Rima Author-X-Name-First: Ingrid Author-X-Name-Last: Rima Title: Joan Robinson's Economics: A Centennial Celebration Abstract: Journal: Review of Social Economy Pages: 244-248 Issue: 2 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760802245094 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802245094 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:2:p:244-248 Template-Type: ReDIF-Article 1.0 Author-Name: Ali Alharbi Author-X-Name-First: Ali Author-X-Name-Last: Alharbi Title: Aging Gracefully: Ideas to Improve Retirement Security in America Abstract: Journal: Review of Social Economy Pages: 248-251 Issue: 2 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760802245110 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802245110 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:2:p:248-251 Template-Type: ReDIF-Article 1.0 Author-Name: Brad Andrew Author-X-Name-First: Brad Author-X-Name-Last: Andrew Title: Cultures Merging: A Historical and Economic Critique of Culture Abstract: Journal: Review of Social Economy Pages: 252-254 Issue: 2 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760802621609 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802621609 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:2:p:252-254 Template-Type: ReDIF-Article 1.0 Author-Name: Jonathan Wight Author-X-Name-First: Jonathan Author-X-Name-Last: Wight Title: Adam Smith's Moral Philosophy: A Historical and Contemporary Perspective on Markets, Law, Ethics, and Culture Abstract: Journal: Review of Social Economy Pages: 254-258 Issue: 2 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760802621625 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802621625 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:2:p:254-258 Template-Type: ReDIF-Article 1.0 Author-Name: J. Harlan Johnstone Author-X-Name-First: J. Harlan Author-X-Name-Last: Johnstone Title: Taxation, Wage Bargaining, and Unemployment Abstract: Journal: Review of Social Economy Pages: 258-262 Issue: 2 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760802621617 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802621617 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:2:p:258-262 Template-Type: ReDIF-Article 1.0 Author-Name: John Davis Author-X-Name-First: John Author-X-Name-Last: Davis Title: Peter Danner, 1921-2008 Abstract: Journal: Review of Social Economy Pages: 263-264 Issue: 2 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760902812066 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902812066 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:2:p:263-264 Template-Type: ReDIF-Article 1.0 Author-Name: Ismael Hossein-zadeh Author-X-Name-First: Ismael Author-X-Name-Last: Hossein-zadeh Title: Social vs. Military Spending: How the Escalating Pentagon Budget Crowds out Public Infrastructure and Aggravates Natural Disasters—the Case of Hurricane Katrina Abstract: This paper puts forth (and documents) an argument that the escalating US military spending at the expense of non-military public spending is steadily undermining the critical national objective of public-capital formation (both physical and human) and that, if not stopped, the resulting trend will stint long term productivitiy and economic growth, as it erodes both physical and soft/social infrastructure. An equally high opportunity cost of the colossal Pentagon budget in terms of forgone or neglected public infrastructure is vulnerability in the face of natural disasters, as evidenced, for example, by Hurricane Katrina's devastation of the City of New Orleans. Journal: Review of Social Economy Pages: 149-173 Issue: 2 Volume: 67 Year: 2009 Keywords: the military-industrial complex, permanent war economy, new deal, income/resource distribution, Iraq War, Hurricane Katrina, redistributive militarism, public capital, poverty and inequality, X-DOI: 10.1080/00346760801932718 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760801932718 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:2:p:149-173 Template-Type: ReDIF-Article 1.0 Author-Name: Steven Pressman Author-X-Name-First: Steven Author-X-Name-Last: Pressman Author-Name: Robert Scott Author-X-Name-First: Robert Author-X-Name-Last: Scott Title: Consumer Debt and the Measurement of Poverty and Inequality in the US* Abstract: This paper argues that interest on consumer debt must be taken into account when measuring poverty and inequality. These interest payments cannot be used to support household living standards. This makes middle- and low-income households worse off. Recent increases in consumer debt means that this deterioration in living standards is not captured by conventional government statistics. Using the Survey of Consumer Finances, we make estimates of poverty and inequality that take into account rising interest payments on consumer debt and discuss some of the implications of these estimates. Journal: Review of Social Economy Pages: 127-148 Issue: 2 Volume: 67 Year: 2009 Keywords: consumer debt, income inequality, interest payments, poverty, X-DOI: 10.1080/00346760802578890 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802578890 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:2:p:127-148 Template-Type: ReDIF-Article 1.0 Author-Name: Douglas Grote Author-X-Name-First: Douglas Author-X-Name-Last: Grote Title: Recombinant Slave Equilibria and Their Cure: Living Wage Full Employment Abstract: Scapegoating and slavery are effects of ordinary necessitous interpersonal relations that are naturally selected, extant in all familial and societal hierarchal equilibria, and evolved from primordial parasitism through our primate cousins in order to manage uncertainty. As such, slavery predates and survives all legal strictures. Although social equilibria have progressed equitably in the developed world, it is suggested that slavery's modern cure will only be found by precluding the genetic proclivity to exclude with an actual living-wage, full-employment economy. Journal: Review of Social Economy Pages: 175-200 Issue: 2 Volume: 67 Year: 2009 Keywords: psychology, evolution, slavery, Adam Smith, J.M. Keynes, F.D. Roosevelt, Martin Luther King Jr, NAIRU, living-wage full employment, X-DOI: 10.1080/00346760802245086 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802245086 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:2:p:175-200 Template-Type: ReDIF-Article 1.0 Author-Name: Udaya Wagle Author-X-Name-First: Udaya Author-X-Name-Last: Wagle Title: Inclusive Democracy and Economic Inequality in South Asia: Any Discernible Link? Abstract: Studies of the relationship between political democracy and economic inequality have produced diverse findings. This study attempts to mitigate some conceptual and methodological problems inherent in such studies by using multi-indicator concepts of inclusive democracy and economic inequality. Data from the five major historically and culturally homogeneous South Asian countries covering 1980-2003 suggest some bidirectional, positive relationship between inclusive democracy and economic inequality indicating that democracy and equality may not be fully compatible in this region. The paper offers contextual explanations and some mechanisms that may have led to these findings for the region, somewhat deviating from the conventional arguments. Journal: Review of Social Economy Pages: 329-357 Issue: 3 Volume: 67 Year: 2009 Keywords: inclusive democracy, political and civil liberties, democratic institutions, economic inequality, panel data, South Asia, X-DOI: 10.1080/00346760902908617 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902908617 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:3:p:329-357 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew Farrant Author-X-Name-First: Andrew Author-X-Name-Last: Farrant Title: Symposium on Socialism after Hayek, by Theodore A. Burczak Introduction Abstract: Journal: Review of Social Economy Pages: 359-359 Issue: 3 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760802014805 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802014805 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:3:p:359-359 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Garnett Author-X-Name-First: Robert Author-X-Name-Last: Garnett Title: The Postmodern Road to Socialism, After Hayek Abstract: Journal: Review of Social Economy Pages: 361-366 Issue: 3 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760903089805 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903089805 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:3:p:361-366 Template-Type: ReDIF-Article 1.0 Author-Name: Antonio Callari Author-X-Name-First: Antonio Author-X-Name-Last: Callari Title: A Methodological Reflection on the “Thick Socialism” of Socialism after Hayek Abstract: This article discusses the valuable contribution that Ted Burczak's Socialism After Hayek makes to the Marxist theory of socialism by drawing on the Hayekian appreciation of markets as processes of discovery. But the article also critiques the book's acceptance of Hayek's exclusive reliance on markets as a mode of economic organisation. The article reflects on the methodological conditions that might have led the book down a path of market essentialism. Journal: Review of Social Economy Pages: 367-373 Issue: 3 Volume: 67 Year: 2009 Keywords: efficiency, essentialism, markets, overdetermination, X-DOI: 10.1080/00346760802014813 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802014813 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:3:p:367-373 Template-Type: ReDIF-Article 1.0 Author-Name: Fadhel Kaboub Author-X-Name-First: Fadhel Author-X-Name-Last: Kaboub Title: Socialism after Hayek: A Post Keynesian Contribution to Burczak's Theory of Social Justice Abstract: The paper presents a brief overview of the basic premise of the Burczak's Socialism after Hayek, and shows that Burczak's “applied epistemological postmodernism” presents a unique unifying ground for heterodox economics, breaking down traditional barriers between right and left. This new approach allows us to revisit the Marx-Keynes-Hayek debates in a more constructive way for a unified theory of social justice. However, we argue that Burczak's system does not automatically guarantee full employment, so it cannot be considered an ideal theory of social justice. A Post Keynesian contribution is presented in the form of the Employer of Last Resort (ELR) program which we argue is compatible and complementary to Burczak's theory of social justice. Finally, we argue that an adequate system design of the magnitude proposed here must be infomed by the principles of institutional adjustment as outlined by J. Fagg Foster. Journal: Review of Social Economy Pages: 375-381 Issue: 3 Volume: 67 Year: 2009 Keywords: Post Keynesian economics, full employment, employer of last resort, institutional adjustment, X-DOI: 10.1080/00346760802014821 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802014821 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:3:p:375-381 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew Farrant Author-X-Name-First: Andrew Author-X-Name-Last: Farrant Title: “Knowledge and Incentives: Socialism after Hayek?” Abstract: Is Socialism a possibility after Hayek? Ted Burczak—drawing upon a variety of heterodox traditions—provides a provocative answer. Journal: Review of Social Economy Pages: 383-388 Issue: 3 Volume: 67 Year: 2009 Keywords: mixed economy, Hayek, Marx, Ellerman, contested-exchange theory, X-DOI: 10.1080/00346760802014797 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802014797 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:3:p:383-388 Template-Type: ReDIF-Article 1.0 Author-Name: Theodore Burczak Author-X-Name-First: Theodore Author-X-Name-Last: Burczak Title: “Hayekian Socialism, Post Critics” Abstract: An economic system with labor cooperatives, private ownership, and a basic capital grant or universal basic income is a form of market socialism that can withstand Hayek's critique. Journal: Review of Social Economy Pages: 389-394 Issue: 3 Volume: 67 Year: 2009 Keywords: market socialism, Hayek, X-DOI: 10.1080/00346760802014789 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802014789 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:3:p:389-394 Template-Type: ReDIF-Article 1.0 Author-Name: Jack Reardon Author-X-Name-First: Jack Author-X-Name-Last: Reardon Title: The Soulful Science: What Economists Really do and Why it Matters Abstract: Journal: Review of Social Economy Pages: 395-398 Issue: 3 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760802216756 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802216756 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:3:p:395-398 Template-Type: ReDIF-Article 1.0 Author-Name: Ian Strachan Author-X-Name-First: Ian Author-X-Name-Last: Strachan Title: Empirical Post Keynesian Economics: Looking at the Real World Abstract: Journal: Review of Social Economy Pages: 398-402 Issue: 3 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760802245128 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802245128 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:3:p:398-402 Template-Type: ReDIF-Article 1.0 Author-Name: Andre van Hoorn Author-X-Name-First: Andre Author-X-Name-Last: van Hoorn Title: Economics and Happiness: Framing the Analysis Abstract: Journal: Review of Social Economy Pages: 402-406 Issue: 3 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760802245136 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802245136 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:3:p:402-406 Template-Type: ReDIF-Article 1.0 Author-Name: Luigino Bruni Author-X-Name-First: Luigino Author-X-Name-Last: Bruni Author-Name: Alessandra Smerilli Author-X-Name-First: Alessandra Author-X-Name-Last: Smerilli Title: The Value of Vocation. The Crucial Role of Intrinsically Motivated People in Values-based Organizations Abstract: The aim of the paper is to analyze the dynamics that arise in Values-based Organizations when ideal quality deteriorates. On the basis of Hirschman's “exit and voice” model, we analyze the mechanism that encourage the best subjects, the ones intrinsically motivated who care most about the mission and ideal quality of the organization, to leave the organization if their voice is ignored. By combining Hirschman's and a “critical mass” model, we show the possible cumulative effects caused by the “exit” of the intrinsically motivated members, which can bring the organization into a deterioration process. Journal: Review of Social Economy Pages: 271-288 Issue: 3 Volume: 67 Year: 2009 Keywords: intrinsic motivation, exit and voice, critical mass, values-based organization, X-DOI: 10.1080/00346760802621633 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802621633 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:3:p:271-288 Template-Type: ReDIF-Article 1.0 Author-Name: Silvia Sacchetti Author-X-Name-First: Silvia Author-X-Name-Last: Sacchetti Author-Name: Roger Sugden Author-X-Name-First: Roger Author-X-Name-Last: Sugden Title: The Organization of Production and its Publics: Mental Proximity, Market and Hierarchies Abstract: The paper introduces mental proximity as an ideal-type criterion for assessing the organization of production, and positions it as a benchmark alongside markets and hierarchies in a three-dimensional space. Following a Deweyan approach, the criterion is focused on democratic deliberation espoused by necessary values: the rejection of controlling influences, positive freedom, inclusion on equal terms, informed participation, the desire to reach a consensus, sympathy, mutual respect, reciprocity, and continuous learning. We also identify a community network as a complex of people who seek to relate to each other in accord with mental proximity, and discuss influences on their search. Journal: Review of Social Economy Pages: 289-311 Issue: 3 Volume: 67 Year: 2009 Keywords: proximity, markets, hierarchies, public interests, democratic deliberation, X-DOI: 10.1080/00346760802621906 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802621906 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:3:p:289-311 Template-Type: ReDIF-Article 1.0 Author-Name: Huascar Pessali Author-X-Name-First: Huascar Author-X-Name-Last: Pessali Title: Metaphors of Transaction Cost Economics Abstract: Metaphors are part of our daily lives as they help us understand the world. Economics, as with other areas of knowledge, cannot go without metaphors. Transaction Cost Economics (TCE)—a prominent theoretical framework on economic organisation—is no different: it has been built on a set of metaphors. This article gathers and discusses three of the key metaphors of TCE—transaction costs as frictions, human beings as “contractual men,” and economic selection between mechanisms of governance. How they fit together and help the construction of TCE are the issues at hand. Journal: Review of Social Economy Pages: 313-328 Issue: 3 Volume: 67 Year: 2009 Keywords: transaction cost economics, metaphors, Oliver Williamson, theory of the firm, institutions, institutional economics, X-DOI: 10.1080/00346760801933393 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760801933393 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:3:p:313-328 Template-Type: ReDIF-Article 1.0 Author-Name: David Harvie Author-X-Name-First: David Author-X-Name-Last: Harvie Author-Name: Gary Slater Author-X-Name-First: Gary Author-X-Name-Last: Slater Author-Name: Bruce Philp Author-X-Name-First: Bruce Author-X-Name-Last: Philp Author-Name: Dan Wheatley Author-X-Name-First: Dan Author-X-Name-Last: Wheatley Title: Economic Well-being and British Regions: The Problem with GDP Per Capita Abstract: Economists and policy-makers often present per capita gross domestic product (GDP) as by far the most significant indicator of economic well-being. Such measures are frequently adopted in making international comparisons, constructing time-series for particular countries and in studies of regional inequality. In this paper we challenge this view using a regional analysis of 2001 data focusing upon differences between London and the south-eastern regions, in comparison to the rest of Great Britain (GB). Initially GDP per capita is decomposed into the demographic and labour-market factors which generate it. Thereafter we broaden the notion of work-time used in productivity measures to include other necessary work-related activity, namely commuting. This leads to us to construct a new indicator which we call social productivity. Our conclusion is that our decomposition and notion of social productivity are both relevant in comparisons of regional well-being; in addition such methods may be used fruitfully in international and historical contexts. Journal: Review of Social Economy Pages: 483-505 Issue: 4 Volume: 67 Year: 2009 Keywords: welfare, GDP, commuting, productivity, regional analysis, X-DOI: 10.1080/00346760802245383 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802245383 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:4:p:483-505 Template-Type: ReDIF-Article 1.0 Author-Name: Roderick Macdonald Author-X-Name-First: Roderick Author-X-Name-Last: Macdonald Title: On Capitalism Abstract: Journal: Review of Social Economy Pages: 507-510 Issue: 4 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760902908658 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902908658 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:4:p:507-510 Template-Type: ReDIF-Article 1.0 Author-Name: Roderick Macdonald Author-X-Name-First: Roderick Author-X-Name-Last: Macdonald Title: Human Goods, Economic Evils: A Moral Approach to the Dismal Science Abstract: Journal: Review of Social Economy Pages: 510-513 Issue: 4 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760902908674 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902908674 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:4:p:510-513 Template-Type: ReDIF-Article 1.0 Author-Name: Kyu Sang Lee Author-X-Name-First: Kyu Sang Author-X-Name-Last: Lee Title: Complexity and the Economy: Implications for Economic Policy Abstract: Journal: Review of Social Economy Pages: 513-517 Issue: 4 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760902908641 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902908641 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:4:p:513-517 Template-Type: ReDIF-Article 1.0 Author-Name: Tarek Selim Author-X-Name-First: Tarek Author-X-Name-Last: Selim Title: Moral Capitalism and the Essential Economy Abstract: Journal: Review of Social Economy Pages: 517-520 Issue: 4 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760902908633 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902908633 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:4:p:517-520 Template-Type: ReDIF-Article 1.0 Author-Name: Bronwen Rees Author-X-Name-First: Bronwen Author-X-Name-Last: Rees Title: Mindful Economics: How the US Economy Works, Why it Matters, and How it Could be Different Abstract: Journal: Review of Social Economy Pages: 520-524 Issue: 4 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760902908666 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902908666 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:4:p:520-524 Template-Type: ReDIF-Article 1.0 Author-Name: Stefano Solari Author-X-Name-First: Stefano Author-X-Name-Last: Solari Title: Complexity and Co-Evolution: Continuity and Change in Socio-Economic Systems Abstract: Journal: Review of Social Economy Pages: 524-528 Issue: 4 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760902971821 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902971821 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:4:p:524-528 Template-Type: ReDIF-Article 1.0 Author-Name: Rajinder Chaudhary Author-X-Name-First: Rajinder Author-X-Name-Last: Chaudhary Title: Welfare, Right, and the State—A Framework for Thinking Abstract: Journal: Review of Social Economy Pages: 528-530 Issue: 4 Volume: 67 Year: 2009 X-DOI: 10.1080/00346760902909375 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902909375 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:4:p:528-530 Template-Type: ReDIF-Article 1.0 Author-Name: John Davis Author-X-Name-First: John Author-X-Name-Last: Davis Title: The Capabilities Conception of the Individual Abstract: This paper advances a capabilities conception of the individual, and considers some of the problems involved in developing such a conception. It also makes claims about the nature of the capability space as a whole, frames personal development in terms of the idea of moving though the capability space, and argues that people are alike in being increasingly heterogeneous. A key problem for a capabilities conception of the individual is that some capabilities, such as belonging to social groups and having social identities, can undermine individuality. The paper discusses an example in which people can have social identities but can nonetheless be relatively independent when seen as self-organizing. Brief comments on one goal of social economic policy as being identity-promoting conclude the paper. Journal: Review of Social Economy Pages: 413-429 Issue: 4 Volume: 67 Year: 2009 Keywords: individual conception, capabilities, social identity, self-organization, X-DOI: 10.1080/00346760903254250 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903254250 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:4:p:413-429 Template-Type: ReDIF-Article 1.0 Author-Name: Abdallah Zouache Author-X-Name-First: Abdallah Author-X-Name-Last: Zouache Title: Socialism, Liberalism and Inequality: The Colonial Economics of the Saint-Simonians in 19th-Century Algeria Abstract: This article examines the foundations of the colonial economics of the Saint-Simonians that were developed in Algeria after the French invasion in 1830. Saint-Simonian colonial economics may be seen as a leading contributor to the development of French orientalism. This article illustrates the ambiguous position of Saint-Simonian economics in the colonial project, especially in relation to the role of equality. According to the Saint-Simonians, collective socialism was the best economic system for Algeria. This article notes, however, the contradiction inherent in the Saint-Simonians' project with regard to the racial argument they used to justify their position. Journal: Review of Social Economy Pages: 431-456 Issue: 4 Volume: 67 Year: 2009 Keywords: colonialism, socialism, liberalism, Saint-Simonism, Algeria, X-DOI: 10.1080/00346760802621591 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802621591 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:4:p:431-456 Template-Type: ReDIF-Article 1.0 Author-Name: Ali Ahmed Author-X-Name-First: Ali Author-X-Name-Last: Ahmed Author-Name: Osvaldo Salas Author-X-Name-First: Osvaldo Author-X-Name-Last: Salas Title: The Relationship between Behavioral and Attitudinal Trust: A Cross-cultural Study Abstract: We study the relationship between trust in an experiment and trust measured by means of popular survey items in different countries. Students from Chile, Colombia, India, Mexico and Sweden participate in a public goods game experiment and answer a set of standard attitudinal survey questions about trust. We find that behavioral trust and attitudinal trust significantly differ among countries. Behavioral trust is highest in Sweden, followed by Latin America, and lowest in India. Attitudinal trust is highest in Chile and Sweden, followed by India and Mexico, and lowest in Colombia. Further, the predictive power of survey items also differs among countries. Trust measured by survey items is significantly related to behavioral trust in some but not in all societies. No single survey item predicts actual trust across all countries. Plausible explanations of the inconsistent relationship between behavioral and attitudinal trust across countries are discussed. Journal: Review of Social Economy Pages: 457-482 Issue: 4 Volume: 67 Year: 2009 Keywords: trust, public goods, social capital, surveys, experiments, X-DOI: 10.1080/00346760902908625 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902908625 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:67:y:2009:i:4:p:457-482 Template-Type: ReDIF-Article 1.0 Author-Name: Alexei Izyumov Author-X-Name-First: Alexei Author-X-Name-Last: Izyumov Title: Human Costs of Post-communist Transition: Public Policies and Private Response Abstract: The transition to capitalism in former communist countries of Eastern Europe and the USSR was achieved at a very high human cost, leading to unprecedented increases in poverty, inequality, and other forms of deprivation. This paper surveys the literature and data on human costs of post-communist transition and discusses differences in responses to poverty among countries of the region. It argues that human costs of transition to the market were strongly influenced by policy choices made by the governments and were least severe in countries of central eastern Europe, where public response dominated the anti-poverty efforts. In most of the countries of the former USSR and south-eastern Europe, state-run poverty abatement programs were largely inadequate, putting the brunt of the struggle with poverty onto the shoulders of families and individuals. Journal: Review of Social Economy Pages: 93-125 Issue: 1 Volume: 68 Year: 2010 Keywords: poverty, social deprivation, government policies, welfare, X-DOI: 10.1080/00346760902968421 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902968421 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:1:p:93-125 Template-Type: ReDIF-Article 1.0 Author-Name: Irene van Staveren Author-X-Name-First: Irene Author-X-Name-Last: van Staveren Title: Book Reviews Abstract: Journal: Review of Social Economy Pages: 127-131 Issue: 1 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760902968397 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902968397 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:1:p:127-131 Template-Type: ReDIF-Article 1.0 Author-Name: Emil Berendt Author-X-Name-First: Emil Author-X-Name-Last: Berendt Title: Less Than Two Dollars a Day: A Christian View of World Poverty and the Free Market Abstract: Journal: Review of Social Economy Pages: 131-134 Issue: 1 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760802621641 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802621641 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:1:p:131-134 Template-Type: ReDIF-Article 1.0 Author-Name: Joanne Flavel Author-X-Name-First: Joanne Author-X-Name-Last: Flavel Title: Deporting Our Souls: Values, Morality, and Immigration Policy Abstract: Journal: Review of Social Economy Pages: 134-137 Issue: 1 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760902971839 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902971839 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:1:p:134-137 Template-Type: ReDIF-Article 1.0 Author-Name: Rudi Verburg Author-X-Name-First: Rudi Author-X-Name-Last: Verburg Title: A History of Scottish Economic Thought Abstract: Journal: Review of Social Economy Pages: 137-140 Issue: 1 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760902968439 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902968439 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:1:p:137-140 Template-Type: ReDIF-Article 1.0 Author-Name: Christian Weller Author-X-Name-First: Christian Author-X-Name-Last: Weller Title: Have Differences in Credit Access Diminished in an Era of Financial Market Deregulation? Abstract: Over the past few decades, financial markets became increasingly deregulated and household debt expanded, sometimes rapidly. It is thus possible that greater deregulation led to improved credit access and lower cost of credit for typically underserved groups, such as minorities and low-income families, relative to their counterparts. Credit access is measured here by loan denials, discouraged applications. The cost of credit is measured by debt payments relative to debt. Differences in credit access and the cost of credit should have diminished over time, particularly after 2000, after large-scale deregulation had taken place. Differences by demographic groups over time are tested using multivariate tests based on data from the Federal Reserve's Survey Consumer Finances from 1989 to 2004. While some minority groups found increasing credit access after 2000, credit became increasingly more expensive relative to whites due to a less advantageous composition of debt or higher interest rate differentials. Importantly, growing differences in debt composition and interest rates contradict the expectation of credit market equalization after deregulation. Journal: Review of Social Economy Pages: 1-34 Issue: 1 Volume: 68 Year: 2010 Keywords: financial market deregulation, household credit, financial constraints, cost of credit, X-DOI: 10.1080/00346760902908690 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902908690 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:1:p:1-34 Template-Type: ReDIF-Article 1.0 Author-Name: Jon Wisman Author-X-Name-First: Jon Author-X-Name-Last: Wisman Title: The Moral Imperative and Social Rationality of Government-Guaranteed Employment and Reskilling Abstract: Unemployment exacts a high cost to its victims, not only in lost income, but also in terms of quality of life (insecurity, depression, abandoned families, divorce, suicide and poorer health). It also exacts a high cost to society in terms of lost output, foregone tax revenue, depreciating human capital, and increased costs of welfare, crime and health care. Yet modern wealthy societies have, principally for the sake of price stability and to avoid the budget costs of a full remedy, chosen to tolerate a substantial level of permanent unemployment. This article explores the moral conditions of this social choice and its rationality in terms of social welfare. It makes and develops support for two claims: society's tolerance of involuntary unemployment is morally wrong, and it is socially and economically irrational. It concludes that government should guarantee employment by serving as employer of last resort and where appropriate provide for retraining. Journal: Review of Social Economy Pages: 35-67 Issue: 1 Volume: 68 Year: 2010 Keywords: unemployment, employer of last resort, social morality, social rationality, happiness, X-DOI: 10.1080/00346760902968405 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902968405 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:1:p:35-67 Template-Type: ReDIF-Article 1.0 Author-Name: Tsjalle van der Burg Author-X-Name-First: Tsjalle Author-X-Name-Last: van der Burg Author-Name: Aloys Prinz Author-X-Name-First: Aloys Author-X-Name-Last: Prinz Title: Empowering Firm Owners by Separating Voting from Buying and Selling Shares Abstract: This paper discusses a new system of firm governance. In the system, the responsibility for voting the shares of a firm (“voice”) is given to the people who ultimately provided the money, who, however, have to delegate it to proxy voting institutions. The system helps overcome collective action problems and conflicts of interest within firms, and it reduces the private benefits of control. The disadvantages for firm governance may be relatively modest. However, since the new system of voice is a conceptual innovation, the analysis of its effects is rather tentative. Further research and experimentations are required for firmer conclusions. Journal: Review of Social Economy Pages: 69-91 Issue: 1 Volume: 68 Year: 2010 Keywords: corporate governance, collective action, shareholder democracy, “voice”, X-DOI: 10.1080/00346760902908708 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902908708 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:1:p:69-91 Template-Type: ReDIF-Article 1.0 Author-Name: Ismael Hossein-Zadeh Author-X-Name-First: Ismael Author-X-Name-Last: Hossein-Zadeh Title: “Social vs. Military Spending”—A Rejoinder Abstract: Journal: Review of Social Economy Pages: 221-225 Issue: 2 Volume: 68 Year: 2010 X-DOI: 10.1080/00346761003637154 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346761003637154 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:2:p:221-225 Template-Type: ReDIF-Article 1.0 Author-Name: Hans Jensen Author-X-Name-First: Hans Author-X-Name-Last: Jensen Author-Name: Betsy Jane Clary Author-X-Name-First: Betsy Jane Author-X-Name-Last: Clary Author-Name: Wilfred Dolfsma Author-X-Name-First: Wilfred Author-X-Name-Last: Dolfsma Title: Sen on Public Policy: Private Incentives, Public Virtues? Abstract: Journal: Review of Social Economy Pages: 227-236 Issue: 2 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760903540807 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903540807 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:2:p:227-236 Template-Type: ReDIF-Article 1.0 Author-Name: William Zanardi Author-X-Name-First: William Author-X-Name-Last: Zanardi Title: Healing and Creativity in Economic Ethics: The Contribution of Bernard Lonergan's Economic Thought to Catholic Social Teaching Abstract: Journal: Review of Social Economy Pages: 251-254 Issue: 2 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760902968413 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902968413 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:2:p:251-254 Template-Type: ReDIF-Article 1.0 Author-Name: Edward Kane Author-X-Name-First: Edward Author-X-Name-Last: Kane Title: The Importance of Monitoring and Mitigating the Safety-Net Consequences of Regulation-Induced Innovation Abstract: To be effective, programs of regulatory reform must address the incentive conflicts that intensify financial risk-taking and undermine government insolvency detection and crisis management. Subsidies to risk-taking that large institutions extract from the financial safety-net encourage managers to make their firms riskier, harder to supervise, and politically and administratively more difficult to fail and unwind. Except in the very short run, repealing the Gramm-Leach-Bliley Act or breaking up so-called too-big-to-fail institutions will do little to arrest subsidy-induced activities. Rebuilding Glass-Steagall barriers between banking, securities, and insurance firms would instead make implicit taxpayer support of large institutions less transparent and serve foreign interests by encouraging conglomerate firms to operate affected businesses through foreign subsidiaries. To discourage financial institutions from abusing safety-net support, government supervisors must be made specifically accountable for delivering and pricing safety-net benefits fairly and efficiently. If it wants to make the system more stable, Congress should focus on: rewriting top officials' oaths of office; changing the ways top officials are recruited, trained, and compensated; reworking the ways they measure and report regulatory performance; and changing the kinds of securities that large institutions have to issue. Journal: Review of Social Economy Pages: 145-161 Issue: 2 Volume: 68 Year: 2010 Keywords: financial crisis, financial reform, Gramm-Leach-Bliley Act, Glass-Steagall Act, financial safety-net, accountability, X-DOI: 10.1080/00346761003728565 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346761003728565 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:2:p:145-161 Template-Type: ReDIF-Article 1.0 Author-Name: Joseph Daniels Author-X-Name-First: Joseph Author-X-Name-Last: Daniels Author-Name: Marc von der Ruhr Author-X-Name-First: Marc Author-X-Name-Last: von der Ruhr Title: Trust in Others: Does Religion Matter? Abstract: Though the recent literature offers intuitively appealing bases for, and evidence of, a linkage among religious beliefs, religious participation and economic outcomes, evidence on a relationship between religion and trust is mixed. By allowing for an attendance effect, disaggregating Protestant denominations, and using a more extensive data set, probit models of the General Social Survey (GSS), 1975 through 2000, show that black Protestants, Pentecostals, fundamentalist Protestants, and Catholics, trust others less than individuals who do not claim a preference for a particular denomination. For conservative denominations the effect of religion is through affiliation, not attendance. In contrast, liberal Protestants trust others more and this effect is reinforced by attendance. The impact of religion on moderate Protestants is only through attendance, as frequency of attendance increases trust of others while the denomination effect is insignificant. Journal: Review of Social Economy Pages: 163-186 Issue: 2 Volume: 68 Year: 2010 Keywords: religion, social trust, X-DOI: 10.1080/00346760902968447 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902968447 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:2:p:163-186 Template-Type: ReDIF-Article 1.0 Author-Name: Marianne Johnson Author-X-Name-First: Marianne Author-X-Name-Last: Johnson Title: Wicksell's Social Philosophy and his Unanimity Rule Abstract: Wicksell saw economics as a way to effect social change. In addition to academic writings, he produced a steady stream of pamphlets, newspaper editorials, and public lectures that brought theoretical economics to bear on social policy. In this paper, consideration is given to this wider variety of Wicksell's writings, and his unanimity rule for public goods decision making is examined within the context of his social philosophy. We argue that the unanimity rule, rather than being narrowly focused on efficiency concerns, operated as a practical mechanism to achieve Wicksell's larger goal of social justice. This stands in contrast to the interpretation of Wicksell commonly presented in the public choice literature. Journal: Review of Social Economy Pages: 187-204 Issue: 2 Volume: 68 Year: 2010 Keywords: Wicksell, unanimity, poverty, justice, public finance, X-DOI: 10.1080/00346760802714859 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802714859 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:2:p:187-204 Template-Type: ReDIF-Article 1.0 Author-Name: Edward O'Boyle Author-X-Name-First: Edward Author-X-Name-Last: O'Boyle Title: “Social vs. Military Spending”: A Different Perspective Abstract: There are three problems with Ismael Hossein-zadeh's “Social vs. Military Spending” in the June 2009 Review of Social Economy in which he sets out to demonstrate the consequences of “escalating US military spending at the expense of non-military public spending.” First, there is abundant evidence indicating that non-military public spending has not been sacrificed to satisfy the demands of the military establishment. Second, the very same tax cuts for the rich that increased income equality are associated with huge increases in taxes collected from the rich. Third, Hurricane Katrina provides little support for his hypothesis that military spending led to infrastructure neglect. Journal: Review of Social Economy Pages: 205-219 Issue: 2 Volume: 68 Year: 2010 Keywords: military spending, public infrastructure, supply-side economics, tax cuts for the rich, Katrina, X-DOI: 10.1080/00346760903480921 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480921 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:2:p:205-219 Template-Type: ReDIF-Article 1.0 Author-Name: M. G. Hayes Author-X-Name-First: M. G. Author-X-Name-Last: Hayes Title: Mutual Enmity: Deposit Insurance and Economic Democracy Abstract: Journal: Review of Social Economy Pages: 365-370 Issue: 3 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760903545277 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903545277 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:3:p:365-370 Template-Type: ReDIF-Article 1.0 Author-Name: Grazia Ietto-Gillies Author-X-Name-First: Grazia Author-X-Name-Last: Ietto-Gillies Title: Clinton and Blair: The Political Economy of the Third Way Abstract: Journal: Review of Social Economy Pages: 371-374 Issue: 3 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760902968454 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902968454 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:3:p:371-374 Template-Type: ReDIF-Article 1.0 Author-Name: David George Author-X-Name-First: David Author-X-Name-Last: George Title: Consumed: How Markets Corrupt Children, Infantilize Adults, and Swallow Citizens Whole Abstract: Journal: Review of Social Economy Pages: 374-377 Issue: 3 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760902968462 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902968462 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:3:p:374-377 Template-Type: ReDIF-Article 1.0 Author-Name: John Tiemstra Author-X-Name-First: John Author-X-Name-Last: Tiemstra Title: The Foundations of Positive and Normative Economics: A Handbook Abstract: Journal: Review of Social Economy Pages: 377-380 Issue: 3 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760902968470 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902968470 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:3:p:377-380 Template-Type: ReDIF-Article 1.0 Author-Name: Grant Reeves Author-X-Name-First: Grant Author-X-Name-Last: Reeves Title: Caught in the Middle Abstract: Journal: Review of Social Economy Pages: 380-384 Issue: 3 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760902968496 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902968496 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:3:p:380-384 Template-Type: ReDIF-Article 1.0 Author-Name: Susana Graca Author-X-Name-First: Susana Author-X-Name-Last: Graca Title: Real World Economics: A Post-autistic Economics Reader Abstract: Journal: Review of Social Economy Pages: 384-386 Issue: 3 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760902968504 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902968504 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:3:p:384-386 Template-Type: ReDIF-Article 1.0 Author-Name: John Core Author-X-Name-First: John Author-X-Name-Last: Core Author-Name: Thomas Donaldson Author-X-Name-First: Thomas Author-X-Name-Last: Donaldson Title: An Economic and Ethical Approach to Charity and to Charity Endowments Abstract: We examine how and why donors divide gifts between people in the present (across distance) and between the present and future (across time). US donors tend to give less to charities that benefit the poor and more to charities that benefit the non-poor (such as museums, universities, and arts organizations). Many of these wealthier charities have created endowments that benefit not only present persons, but also future persons. We develop a shorthand framework for linking time to distance in charitable allocations that incorporates a “proximity preference,” i.e., charity that prefers those who are nearer to us whether by reason of physical distance, psychic-identity, or temporal distance. Even though ethical considerations suggest that recipients' level of need should be the dominant factor in allocating gifts, donors also express preferences, ceteris paribus, for benefits arriving sooner rather than later, and for recipients who are ''closer'' rather than farther away. Journal: Review of Social Economy Pages: 261-284 Issue: 3 Volume: 68 Year: 2010 Keywords: charity, endowments, time preference, proximity preference, X-DOI: 10.1080/00346760903480517 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480517 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:3:p:261-284 Template-Type: ReDIF-Article 1.0 Author-Name: Frederique Six Author-X-Name-First: Frederique Author-X-Name-Last: Six Author-Name: Bart Nooteboom Author-X-Name-First: Bart Author-X-Name-Last: Nooteboom Author-Name: Adriaan Hoogendoorn Author-X-Name-First: Adriaan Author-X-Name-Last: Hoogendoorn Title: Actions that Build Interpersonal Trust: A Relational Signalling Perspective Abstract: A priority in trust research is to deepen our understanding of trust processes: how does trust develop and break down? This requires further understanding of what actions have what effects on trust in interpersonal interactions. The literature offers a range of actions that have effects on trust, but gives little explanation of why they do so, and how the actions “hang together” in their effects on trust. The question is what different classes of trust building actions there may be. Using a “relational signalling” perspective, we propose hypotheses for classes of action that trigger the attribution of mental frames (by the trustor to the trustee), and trigger the adoption of those frames by the trustor. A survey-based empirical test of trust building actions among 449 managers in 14 European countries confirms the hypotheses. Journal: Review of Social Economy Pages: 285-315 Issue: 3 Volume: 68 Year: 2010 Keywords: framing, relational signalling, trust building actions, trust processes, X-DOI: 10.1080/00346760902756487 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902756487 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:3:p:285-315 Template-Type: ReDIF-Article 1.0 Author-Name: Richard White Author-X-Name-First: Richard Author-X-Name-Last: White Author-Name: Colin Williams Author-X-Name-First: Colin Author-X-Name-Last: Williams Title: Re-thinking Monetary Exchange: Some Lessons from England Abstract: This paper critically evaluates the recent shift away from a “thin” reading of monetary exchange, which views money transactions as universally market-like and profit-motivated, towards “thicker” readings of exchange, which identify the permeation of wider economic relations and not-for-profit logics. To do this, an empirical study is reported of what happens when money penetrates informal exchanges between family, friends and neighbours. The research findings lead to a more nuanced reading of monetary exchange being brought to light. The main finding is that the imagery and perception of paid informal transactions may be constructed and interpreted in “thin” terms by participants, even if the core motives and personal relations involved in paid mutual aid remain “thick.” Significantly, while such a finding does not constitute a change in behaviour towards “thin” marker readings of economic exchange, it may explain why some people are dissuaded from undertaking paid mutual aid. In this way, while the paper does not reject the social and cultural embeddedness of economic exchange, it does serve to problematize the move towards thicker descriptions. Journal: Review of Social Economy Pages: 317-338 Issue: 3 Volume: 68 Year: 2010 Keywords: informal economy, community self-help, mutual aid, gift-giving, Leicester, X-DOI: 10.1080/00346760902968488 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902968488 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:3:p:317-338 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen Nash Author-X-Name-First: Stephen Author-X-Name-Last: Nash Author-Name: Liza Rybak Author-X-Name-First: Liza Author-X-Name-Last: Rybak Title: On Logical Difficulties, Philosophy, and the T.C.E. Explanation of the Firm Abstract: By exploring the implications of the linkage between Knight and Pragmatism, some non-trivial implications can be argued to exist. Specifically, section 2 outlines the T.C.E. literature, and how it exists in an atmosphere mixed with Marshallian competition and Knightian uncertainty. Section 3 then considers the disparate philosophical positions behind the work of Knight and Marshall. Knight's critique of Marshall is seminal, not because of any trivial technical innovations that Knight may have inspired within economic theory, but because Knight grounds his work on a philosophical viewpoint that effectively devastated Hegelian philosophy: American Pragmatism. Section 4 then links together the previous two sections by considering how the T.C.E. literature exhibits a dependency on both Pragmatism and Hegelian philosophy. The non-trivial implications of understanding the T.C.E. literature as a branch of Marshallian economics, which recognises Knightian uncertainty, are developed in section 5. Possible conclusions and a summary of the argument are provided in section 6. Journal: Review of Social Economy Pages: 339-363 Issue: 3 Volume: 68 Year: 2010 Keywords: uncertainty, Knight, the theory of the firm, Pragmatic philosophy, Hegelian philosophy, Transaction Cost Economics, X-DOI: 10.1080/00346760902971847 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902971847 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:3:p:339-363 Template-Type: ReDIF-Article 1.0 Author-Name: Ann Owen Author-X-Name-First: Ann Author-X-Name-Last: Owen Author-Name: Julio Videras Author-X-Name-First: Julio Author-X-Name-Last: Videras Author-Name: Stephen Wu Author-X-Name-First: Stephen Author-X-Name-Last: Wu Title: Identity and Environmentalism: The Influence of Community Characteristics Abstract: This paper examines the influence of community characteristics on self-proclaimed environmentalism. We find that the composition of a community affects the likelihood that a person claims to be a strong environmentalist even after controlling for individual political leaning, socio-economic characteristics, and pro-environment behaviors. Individuals are more likely to claim to be strong environmentalists if they live in areas where a larger share of the population has post-graduate degrees, if they live in heavily Democratic areas, or if they live in heavily Republican areas. These community effects occur only when individuals are predisposed to take on an environmental identity. Journal: Review of Social Economy Pages: 465-486 Issue: 4 Volume: 68 Year: 2010 Keywords: identity, environmentalism, community, X-DOI: 10.1080/00346760903480533 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480533 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:4:p:465-486 Template-Type: ReDIF-Article 1.0 Author-Name: Stefano Solari Author-X-Name-First: Stefano Author-X-Name-Last: Solari Title: Economic Rights: Conceptual, Measurement, and Policy Issues Abstract: Journal: Review of Social Economy Pages: 487-490 Issue: 4 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760802621674 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802621674 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:4:p:487-490 Template-Type: ReDIF-Article 1.0 Author-Name: Bhaskar Mandal Author-X-Name-First: Bhaskar Author-X-Name-Last: Mandal Title: Economic Representations: Academic and Everyday Abstract: Journal: Review of Social Economy Pages: 490-493 Issue: 4 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760903481184 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903481184 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:4:p:490-493 Template-Type: ReDIF-Article 1.0 Author-Name: Benhua Yang Author-X-Name-First: Benhua Author-X-Name-Last: Yang Title: Wired for Survival: the Rational (and Irrational) Choices We Make, from the Gas Pump to Terrorism Abstract: Journal: Review of Social Economy Pages: 493-496 Issue: 4 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760903480939 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480939 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:4:p:493-496 Template-Type: ReDIF-Article 1.0 Author-Name: Nazmi Sari Author-X-Name-First: Nazmi Author-X-Name-Last: Sari Title: The Fattening of America: How the Economy Makes Us Fat, If It Matters, and What to Do About It Abstract: Journal: Review of Social Economy Pages: 496-498 Issue: 4 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760903480657 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480657 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:4:p:496-498 Template-Type: ReDIF-Article 1.0 Author-Name: Ryan van Lamoen Author-X-Name-First: Ryan Author-X-Name-Last: van Lamoen Title: Innovation, Entrepreneurship, and Technological Change Abstract: Journal: Review of Social Economy Pages: 499-502 Issue: 4 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760802621666 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802621666 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:4:p:499-502 Template-Type: ReDIF-Article 1.0 Author-Name: Lukasz Mamica Author-X-Name-First: Lukasz Author-X-Name-Last: Mamica Title: Culture and Economics: On Values, Economics and International Business Abstract: Journal: Review of Social Economy Pages: 502-506 Issue: 4 Volume: 68 Year: 2010 X-DOI: 10.1080/00346760903480624 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480624 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:4:p:502-506 Template-Type: ReDIF-Article 1.0 Author-Name: Morris Altman Author-X-Name-First: Morris Author-X-Name-Last: Altman Title: Freedom to Choose and Choice X-inefficiencies: Human and Consumer Rights, and Positive and Normative Implications of Choice Behavior Abstract: Journal: Review of Social Economy Pages: 395-411 Issue: 4 Volume: 68 Year: 2010 X-DOI: 10.1080/00346764.2010.517631 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346764.2010.517631 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:4:p:395-411 Template-Type: ReDIF-Article 1.0 Author-Name: Matthieu Clement Author-X-Name-First: Matthieu Author-X-Name-Last: Clement Author-Name: Andre Meunie Author-X-Name-First: Andre Author-X-Name-Last: Meunie Title: Is Inequality Harmful for the Environment? An Empirical Analysis Applied to Developing and Transition Countries Abstract: The object of this article is to examine the relation between social inequalities and pollution. First of all we provide a survey demonstrating that, from a theoretical point of view, a decrease in inequality has an uncertain impact on the environment. Second, on the basis of these conceptual considerations, we propose an econometric analysis based on panel data (fixed-effects and dynamic panel data models) concerning developing and transition countries for the 1988-2003 period. We examine specifically the effect of inequality on the extent of local pollution (sulphur dioxide emissions and organic water pollution) by integrating the Gini index into the formulation of the environmental Kuznets' curve. Journal: Review of Social Economy Pages: 413-445 Issue: 4 Volume: 68 Year: 2010 Keywords: pollution, inequality, environmental Kuznets' curve, panel data, X-DOI: 10.1080/00346760903480590 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480590 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:4:p:413-445 Template-Type: ReDIF-Article 1.0 Author-Name: Miki Malul Author-X-Name-First: Miki Author-X-Name-Last: Malul Author-Name: Mosi Rosenboim Author-X-Name-First: Mosi Author-X-Name-Last: Rosenboim Author-Name: Tal Shavit Author-X-Name-First: Tal Author-X-Name-Last: Shavit Title: Costs of Mistrust between Ethnic Majority and Minorities: Evidence from Israel Abstract: Trust and ethnic diversity are important variables that may impact and explain different economic decisions. This paper presents theoretical models accompanied by a survey that deals with the relation between mistrust and risky economic activity (e.g., the postponement of receiving and paying for a risky asset). Using the theoretical models and surveys as a basis, we suggest that subjective discount rates and bids for a lottery can be used to measure levels of mistrust. The surveys are used to measure the level of mistrust between the Israeli majority (Jews) and minority groups (Israeli Arabs, Bedouins, and Palestinians), and between Israeli Jews from different districts. Based on the survey results we demonstrate the theoretical implications of the effect of mistrust (MT) on economic growth and resource allocation between the majority and minorities. We conclude that MT leads to inefficient resource allocation, which subsequently leads to low economic growth rates. Journal: Review of Social Economy Pages: 447-464 Issue: 4 Volume: 68 Year: 2010 Keywords: risk attitude, trust, cross-cultural, minority, resource allocation, X-DOI: 10.1080/00346760903480541 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480541 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:68:y:2010:i:4:p:447-464 Template-Type: ReDIF-Article 1.0 Author-Name: Wen-Chun Chang Author-X-Name-First: Wen-Chun Author-X-Name-Last: Chang Title: Identity, Gender, and Subjective Well-Being Abstract: Using the self-reported level of happiness as a measure of subjective well-being, this study examines the relationship between gender identity and subjective well-being with data from Taiwan. The findings suggest that an individual's perceptions about the ideals of women's gender roles in the labor market, the family, and politics are strongly related to his or her assigned social category, the prescriptions and characteristics associated with the social category, and the actions taken to match the ideals of gender identity. Consistent with Akerlof and Kranton's (2000) identity model, it is also found that an individual's gains or losses in gender identity lead to increases or decreases in the level of happiness. Journal: Review of Social Economy Pages: 97-121 Issue: 1 Volume: 69 Year: 2011 Keywords: identity, gender, well-being, happiness, X-DOI: 10.1080/00346760902756495 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902756495 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:1:p:97-121 Template-Type: ReDIF-Article 1.0 Author-Name: R. Shashi Kumar Author-X-Name-First: R. Shashi Author-X-Name-Last: Kumar Title: Economics Confronts the Economy Abstract: Journal: Review of Social Economy Pages: 123-127 Issue: 1 Volume: 69 Year: 2011 X-DOI: 10.1080/00346760802246316 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802246316 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:1:p:123-127 Template-Type: ReDIF-Article 1.0 Author-Name: Emil Berendt Author-X-Name-First: Emil Author-X-Name-Last: Berendt Title: Future Directions for Heterodox Economics Abstract: Journal: Review of Social Economy Pages: 127-130 Issue: 1 Volume: 69 Year: 2011 X-DOI: 10.1080/00346760802621658 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802621658 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:1:p:127-130 Template-Type: ReDIF-Article 1.0 Author-Name: Roderick Macdonald Author-X-Name-First: Roderick Author-X-Name-Last: Macdonald Title: The Vocation of Business: Social Justice in the Marketplace Abstract: Journal: Review of Social Economy Pages: 130-133 Issue: 1 Volume: 69 Year: 2011 X-DOI: 10.1080/00346760902971813 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902971813 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:1:p:130-133 Template-Type: ReDIF-Article 1.0 Author-Name: Benhua Yang Author-X-Name-First: Benhua Author-X-Name-Last: Yang Title: Intangible Capital: Its Contribution to Economic Growth, Well-being and Rationality Abstract: Journal: Review of Social Economy Pages: 134-137 Issue: 1 Volume: 69 Year: 2011 X-DOI: 10.1080/00346760902971854 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902971854 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:1:p:134-137 Template-Type: ReDIF-Article 1.0 Author-Name: Aurelie Charles Author-X-Name-First: Aurelie Author-X-Name-Last: Charles Title: Fairness and Wages in Mexico's Maquiladora Industry: An Empirical Analysis of Labor Demand and the Gender Wage Gap Abstract: In 2001, China's entry into the World Trade Organization (WTO) and the US recession put pressure on maquiladora workers' wages. The result was an increase in the gender wage gap. At the firm level, this increase is not discriminatory, in the sense that the lower income entitlement for women is socially accepted at the household level. This paper uses Akerlof and Yellen's (1990) fair wage-effort hypothesis to explain the gender wage gap as a matter of “fair-wage constraints” that differ across genders, which are, in turn, due to evolving social norms of fairness in reservation wages for men and women within households. Empirical evidence for changes in gender wages gaps across industries between 1997 and 2006 is found to be consistent with this argument. Journal: Review of Social Economy Pages: 1-28 Issue: 1 Volume: 69 Year: 2011 Keywords: fairness, wages, gender, maquiladora industry, X-DOI: 10.1080/00346760903480558 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480558 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:1:p:1-28 Template-Type: ReDIF-Article 1.0 Author-Name: Joseph Eisenhauer Author-X-Name-First: Joseph Author-X-Name-Last: Eisenhauer Author-Name: Doris Geide-Stevenson Author-X-Name-First: Doris Author-X-Name-Last: Geide-Stevenson Author-Name: David Ferro Author-X-Name-First: David Author-X-Name-Last: Ferro Title: Experimental Estimates of Taxpayer Ethics Abstract: This paper extends the existing literature on taxpayer ethics in three ways. First, we construct a two-stage model of decision making, which allows us to disentangle risk preferences from ethical motivations for income tax compliance. Second, we develop a new experimental data set, which permits us to estimate the magnitudes of the relevant personality traits, risk aversion and morality, at the individual level. Third, we combine the experimental data with participant surveys so that ethical preferences are not only measured but also linked to demographic characteristics. We find that ethical preferences are correlated with risk aversion, age, gender, and marital status, among other characteristics. Journal: Review of Social Economy Pages: 29-53 Issue: 1 Volume: 69 Year: 2011 Keywords: tax evasion, ethical preferences, shadow price of morality, X-DOI: 10.1080/00346760802714867 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802714867 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:1:p:29-53 Template-Type: ReDIF-Article 1.0 Author-Name: Kenneth Reinert Author-X-Name-First: Kenneth Author-X-Name-Last: Reinert Title: No Small Hope: The Basic Goods Imperative Abstract: This paper argues in favor of a basic goods approach to outcomes assessment in development policy analysis. It contrasts the basic goods approach with the utility-of-consumption and capabilities approaches and argues, on a number of grounds, that it is a more relevant and appropriate framework. The dimensions of the basic goods approach analyzed include a common, minimalist character, sense of justice, subjectivist-objectivist considerations, the human condition, relationship to policy space, and the theoretical and empirical role of basic needs. Taken as a whole, these perspectives suggest that the basic goods approach offers key advantages not found in the two relevant alternatives. Journal: Review of Social Economy Pages: 55-76 Issue: 1 Volume: 69 Year: 2011 Keywords: basic goods, capabilities, ethics, X-DOI: 10.1080/00346760802714875 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760802714875 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:1:p:55-76 Template-Type: ReDIF-Article 1.0 Author-Name: Oren Levin-Waldman Author-X-Name-First: Oren Author-X-Name-Last: Levin-Waldman Title: From a Narrowly Defined Minimum Wageto Broader Wage Policy Abstract: Journal: Review of Social Economy Pages: 77-96 Issue: 1 Volume: 69 Year: 2011 Keywords: minimum wage, institutionalism, wage contour, neoclassicalism, democracy, X-DOI: 10.1080/00346760903480525 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480525 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:1:p:77-96 Template-Type: ReDIF-Article 1.0 Author-Name: Betsy Jane Clary Author-X-Name-First: Betsy Jane Author-X-Name-Last: Clary Title: The Spirit Level: Why Greater Equality Makes Society Stronger Abstract: Journal: Review of Social Economy Pages: 239-243 Issue: 2 Volume: 69 Year: 2011 X-DOI: 10.1080/00346764.2010.512523 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346764.2010.512523 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:2:p:239-243 Template-Type: ReDIF-Article 1.0 Author-Name: D. Marshall Meador Author-X-Name-First: D. Marshall Author-X-Name-Last: Meador Title: Inequality, Consumer Credit and the Saving Puzzle Abstract: Journal: Review of Social Economy Pages: 243-246 Issue: 2 Volume: 69 Year: 2011 X-DOI: 10.1080/00346760903480574 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480574 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:2:p:243-246 Template-Type: ReDIF-Article 1.0 Author-Name: Halcyon Louis Author-X-Name-First: Halcyon Author-X-Name-Last: Louis Title: Ethical Dimensions of the Economy: Making Use of Hegel and the Concepts of Public and Merit Goods Abstract: Journal: Review of Social Economy Pages: 247-249 Issue: 2 Volume: 69 Year: 2011 X-DOI: 10.1080/00346760903480632 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480632 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:2:p:247-249 Template-Type: ReDIF-Article 1.0 Author-Name: Sunita Reddy Author-X-Name-First: Sunita Author-X-Name-Last: Reddy Title: Seeds of Disaster, Roots of Response: How Private Action Can Reduce Public Vulnerability Abstract: Journal: Review of Social Economy Pages: 250-253 Issue: 2 Volume: 69 Year: 2011 X-DOI: 10.1080/00346760902968512 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760902968512 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:2:p:250-253 Template-Type: ReDIF-Article 1.0 Author-Name: Wilfred Dolfsma Author-X-Name-First: Wilfred Author-X-Name-Last: Dolfsma Title: Knowledge Sharing among Scientists—Why Reputation Matters for R&D in Multinational Firms Abstract: Journal: Review of Social Economy Pages: 254-256 Issue: 2 Volume: 69 Year: 2011 X-DOI: 10.1080/00346760903480582 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480582 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:2:p:254-256 Template-Type: ReDIF-Article 1.0 Author-Name: Feisal Khan Author-X-Name-First: Feisal Author-X-Name-Last: Khan Title: The Development Economics Reader Abstract: Journal: Review of Social Economy Pages: 256-261 Issue: 2 Volume: 69 Year: 2011 X-DOI: 10.1080/00346760903480608 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480608 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:2:p:256-261 Template-Type: ReDIF-Article 1.0 Author-Name: Tim MacNeill Author-X-Name-First: Tim Author-X-Name-Last: MacNeill Title: New Frontiers of Social Policy: Inclusive States: Social Policy and Structural Inequalities New Frontiers of Social Policy: Assets, Livelihoods, and Social Policy New Frontiers of Social Policy: Institutional Paths to Equity: Addressing Inequality Traps Abstract: Journal: Review of Social Economy Pages: 261-270 Issue: 2 Volume: 69 Year: 2011 X-DOI: 10.1080/00346760903480640 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480640 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:2:p:261-270 Template-Type: ReDIF-Article 1.0 Author-Name: Philippe Batifoulier Author-X-Name-First: Philippe Author-X-Name-Last: Batifoulier Author-Name: Jean-Paul Domin Author-X-Name-First: Jean-Paul Author-X-Name-Last: Domin Author-Name: Maryse Gadreau Author-X-Name-First: Maryse Author-X-Name-Last: Gadreau Title: Market Empowerment of the Patient: The French Experience Abstract: Through analysis of the French experience, this article explores the way economic policy has sought to encourage active, well-informed patients by giving them market power. The new status of the patient as consumer is based on two foundations: the endeavour to build a healthcare market and the activation of demand-based policies. The keystone of this new system is a conception of the market as a process constructed by economic policy. Recent measures such as the standardization of care and the introduction of incentives to respect a treatment pathway then constitute effective levers to establish a free-market rationale. Journal: Review of Social Economy Pages: 143-162 Issue: 2 Volume: 69 Year: 2011 Keywords: institutional change, health demand, marketization, active patient, French health system, X-DOI: 10.1080/00346760903480566 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903480566 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:2:p:143-162 Template-Type: ReDIF-Article 1.0 Author-Name: Vittorio Pelligra Author-X-Name-First: Vittorio Author-X-Name-Last: Pelligra Title: Intentions, Trust and Frames: A Note on Sociality and the Theory of Games Abstract: Psychological Game Theory (PGT) expands classical game theory allowing for the formal analysis of belief-dependent sentiments and emotions such as resentment, pride, shame, gratefulness and the like. PGT incorporates these factors by relating agents' subjective expected utility to players' strategies, to their beliefs about others' strategies, and also to their beliefs about others' beliefs about their strategies, and so on. This paper argues that, thanks to the epistemic implications of this hierarchy of beliefs, PGT is well-endowed to address, and to some extent solve, three of the most challenging problems recently emerged in classical game theory related respectively to the role of players' intentionality, to the self-fulfilling nature of trust and finally to the so-called social framing effects. Journal: Review of Social Economy Pages: 163-188 Issue: 2 Volume: 69 Year: 2011 Keywords: psychological games, intentions, trust, decision frames, X-DOI: 10.1080/00346760903568451 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346760903568451 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:2:p:163-188 Template-Type: ReDIF-Article 1.0 Author-Name: Edward James McKenna Author-X-Name-First: Edward James Author-X-Name-Last: McKenna Author-Name: Diane Catherine Zannoni Author-X-Name-First: Diane Catherine Author-X-Name-Last: Zannoni Title: Economics and the Supreme Court: The Case of the Minimum Wage Abstract: In the United States, laissez-faire has been the policy advocated in good times, while social legislation has been called for during crises. One instance of this dichotomy concerns the transformation of the American understanding of minimum wage laws during the early 20th century. During this time, the view of minimum wage laws changed from one that viewed such laws as theft, to one that saw such laws as being required for distributional justness. We examine the legal-historical debate concerning whether the Supreme Court renounced its policy of laissez-faire individualism in its 1937 ruling finding the minimum wage law constitutional, arguing that it did not. We investigate the free market standard that the Court used to find minimum wage laws unconstitutional in 1923. We demonstrate how the economic conditions of the Depression, coupled with the development of economic theory, explain how the Court eventually found the minimum wage law constitutional. Journal: Review of Social Economy Pages: 189-210 Issue: 2 Volume: 69 Year: 2011 Keywords: minimum wage, contribution, standard, X-DOI: 10.1080/00346764.2010.502828 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346764.2010.502828 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:2:p:189-210 Template-Type: ReDIF-Article 1.0 Author-Name: Colin Williams Author-X-Name-First: Colin Author-X-Name-Last: Williams Title: A Critical Evaluation of Competing Conceptualizations of Informal Employment: Some Lessons from England Abstract: This paper evaluates critically the validity of the competing conceptualizations of informal employment that variously read such work as a leftover of a previous mode of production, a by-product of, alternative or complement to formal employment. Until now, the common tendency has been for commentators to universally privilege one conceptualization over the others. Reporting data collected through 861 face-to-face interviews in 11 deprived and affluent urban and rural English localities, the finding is that each conceptualization is a valid portrayal of particular types of informal employment, and that only by combining and using them all is it possible to achieve a finer-grained and comprehensive understanding of the complex and diverse nature of informal employment as a whole. The paper concludes by discussing the implications for both the way in which informal employment is conceptualized as well as how it is tackled by governments. Journal: Review of Social Economy Pages: 211-237 Issue: 2 Volume: 69 Year: 2011 Keywords: shadow sector, cash-in-hand work, monetary exchange, underground economy, England, X-DOI: 10.1080/00346764.2010.502829 File-URL: http://www.tandfonline.com/doi/abs/10.1080/00346764.2010.502829 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:2:p:211-237 Template-Type: ReDIF-Article 1.0 Author-Name: Adel Daoud Author-X-Name-First: Adel Author-X-Name-Last: Daoud Title: The Modus Vivendi of Material Simplicity: Counteracting Scarcity via the Deflation of Wants Abstract: Abstract This paper studies how voluntary material simplicity may countervail the causal effect of relative scarcity generated by the environment of a consumer society. Analyses of both interviews and texts were performed. It is shown that voluntary material simplifiers manage, though with difficulty, to neutralize the causal effect of consumer society. This is achieved by mediating the cultural properties of the economic ethic of material simplicity, which promotes the deflation of human wants. These simplifiers consequently manage, though with difficulty due to causal interference, to deflate their material wants and maintain them below their material means. Consequently, they actualize the modus vivendi of material simplicity; namely, a practical state of relative abundance. One major implication of this study is that the scarcity postulate of mainstream economics is problematically formulated. Hence, the development of a new model of relative scarcity and abundance encourages an explanation rather than an assumption of scarcity. Journal: Review of Social Economy Pages: 275-305 Issue: 3 Volume: 69 Year: 2011 Month: 9 X-DOI: 10.1080/00346764.2010.502832 File-URL: http://hdl.handle.net/10.1080/00346764.2010.502832 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:3:p:275-305 Template-Type: ReDIF-Article 1.0 Author-Name: Quentin Duroy Author-X-Name-First: Quentin Author-X-Name-Last: Duroy Title: North African Identity and Racial Discrimination in France: A Social Economic Analysis of Capability Deprivation Abstract: Abstract The interaction between ethnocentric republican ideology and post-colonial racist legacy has led to the creation of a North African social identity which is characterized by dichotomous and negative representations in the hegemonic discourse in France. These misrepresentations are the source of racial discrimination, particularly on the labor market, which result in capability deprivation for individuals of North African heritage. Recent French anti-discrimination policies are examined using a social economic capability approach based on a relational notion of society. It is argued that because these policies have been developed within the confines of the republican model, they fail to directly address limits to social-structural and individual capacities to act faced by individuals of Maghrebi origin. As long as the ethnocentric interpretation of the republican model in hegemonic discourse is not questioned, anti-racial discrimination policies will most likely be unsuccessful in eliminating capability deprivation associated with North African social identity in France. Journal: Review of Social Economy Pages: 307-332 Issue: 3 Volume: 69 Year: 2011 Month: 9 X-DOI: 10.1080/00346764.2010.502834 File-URL: http://hdl.handle.net/10.1080/00346764.2010.502834 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:3:p:307-332 Template-Type: ReDIF-Article 1.0 Author-Name: François-Xavier Devetter Author-X-Name-First: François-Xavier Author-X-Name-Last: Devetter Author-Name: Sandrine Rousseau Author-X-Name-First: Sandrine Author-X-Name-Last: Rousseau Title: Working Hours and Sustainable Development Abstract: Abstract Many works on sustainable development stress the part played by reduced working hours in the promotion of a model for alternative development. The direct link between working hours and the environment, however, still deserves to be supported. This is the issue we would like to discuss through an analysis of the relationships between consumption and working hours. We use surveys on French household expenses to highlight the environmental consequences of long hours: they encourage goods and energy-intensive consumptions and favour conspicuous expenditure and non-sustainable lifestyles. Journal: Review of Social Economy Pages: 333-355 Issue: 3 Volume: 69 Year: 2011 Month: 9 X-DOI: 10.1080/00346764.2011.563507 File-URL: http://hdl.handle.net/10.1080/00346764.2011.563507 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:3:p:333-355 Template-Type: ReDIF-Article 1.0 Author-Name: Geoffrey M. Hodgson Author-X-Name-First: Geoffrey M. Author-X-Name-Last: Hodgson Title: Sickonomics: Diagnoses and Remedies Abstract: Abstract In their recent analysis of the alleged decay in modern economics, Ben Fine and Dimitris Milonakis claim to find its source and origin in the “marginal revolution” of the 1870s. They argue that this development led to “methodological individualism” and the detachment of economics from society and history. I contest their account of the marginal revolution and of the role of Alfred Marshall among others. They also fail to provide an adequate definition of methodological individualism. I suggest that neoclassical economics adopted a denuded concept of the social rather than removing these factors entirely. No such removal is possible in principle. It is also mistaken to depict neoclassical economics as the science of prices and the market. In truth, neoclassical economics fails to capture the true nature of markets. I consider some sketch an alternative explanation of the sickness of modern economics, which focuses on institutional developments since World War II. Journal: Review of Social Economy Pages: 357-376 Issue: 3 Volume: 69 Year: 2011 Month: 9 X-DOI: 10.1080/00346764.2010.502839 File-URL: http://hdl.handle.net/10.1080/00346764.2010.502839 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:3:p:357-376 Template-Type: ReDIF-Article 1.0 Author-Name: Gar Alperovitz Author-X-Name-First: Gar Author-X-Name-Last: Alperovitz Title: The Emerging Paradoxical Possibility of a Democratic Economy Abstract: Abstract This paper considers what happens in advanced industrial economies like that of the US, where traditional redistributive economic policies and programs have fallen out of favor, yet forces of crisis, which radicals once predicted would usher in a new, more egalitarian and democratic era, are well attenuated. It is argued that, paradoxically, as the growth potential of corporate capitalism declines and traditional redistributive mechanisms weaken, new spaces are opening up in which new, democratized forms of ownership and control of wealth are slowly emerging. After describing these developments, the paper explores the long-run possibilities and prospects their evolution may entail. Journal: Review of Social Economy Pages: 377-391 Issue: 3 Volume: 69 Year: 2011 Month: 9 X-DOI: 10.1080/00346764.2011.592127 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592127 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:3:p:377-391 Template-Type: ReDIF-Article 1.0 Author-Name: Susana Graça Author-X-Name-First: Susana Author-X-Name-Last: Graça Title: The Elgar Companion to Social Economics Journal: Review of Social Economy Pages: 393-395 Issue: 3 Volume: 69 Year: 2011 Month: 9 X-DOI: 10.1080/00346761003624111 File-URL: http://hdl.handle.net/10.1080/00346761003624111 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:3:p:393-395 Template-Type: ReDIF-Article 1.0 Author-Name: Mitja Stefancic Author-X-Name-First: Mitja Author-X-Name-Last: Stefancic Title: Violence and Social Orders: A Conceptual Framework for Interpreting Recorded Human History Journal: Review of Social Economy Pages: 395-399 Issue: 3 Volume: 69 Year: 2011 Month: 9 X-DOI: 10.1080/00346764.2010.502836 File-URL: http://hdl.handle.net/10.1080/00346764.2010.502836 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:3:p:395-399 Template-Type: ReDIF-Article 1.0 Author-Name: Benhua Yang Author-X-Name-First: Benhua Author-X-Name-Last: Yang Title: Ethnic Solidarity for Economic Survival: Korean Greengrocers in New York City Journal: Review of Social Economy Pages: 399-402 Issue: 3 Volume: 69 Year: 2011 Month: 9 X-DOI: 10.1080/00346764.2010.502831 File-URL: http://hdl.handle.net/10.1080/00346764.2010.502831 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:3:p:399-402 Template-Type: ReDIF-Article 1.0 Author-Name: Tom Walker Author-X-Name-First: Tom Author-X-Name-Last: Walker Title: Work Time Regulation as Sustainable Full Employment Strategy: The Social Effort Bargain Journal: Review of Social Economy Pages: 402-406 Issue: 3 Volume: 69 Year: 2011 Month: 9 X-DOI: 10.1080/00346760903480616 File-URL: http://hdl.handle.net/10.1080/00346760903480616 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:3:p:402-406 Template-Type: ReDIF-Article 1.0 Author-Name: Yan Li Author-X-Name-First: Yan Author-X-Name-Last: Li Title: Money, Uncertainty and Time Journal: Review of Social Economy Pages: 406-409 Issue: 3 Volume: 69 Year: 2011 Month: 9 X-DOI: 10.1080/00346764.2010.502830 File-URL: http://hdl.handle.net/10.1080/00346764.2010.502830 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:3:p:406-409 Template-Type: ReDIF-Article 1.0 Author-Name: Xinyue Ye Author-X-Name-First: Xinyue Author-X-Name-Last: Ye Title: Portfolios of the Poor: How the World's Poor Live on $2 a Day Journal: Review of Social Economy Pages: 409-411 Issue: 3 Volume: 69 Year: 2011 Month: 9 X-DOI: 10.1080/00346764.2010.502833 File-URL: http://hdl.handle.net/10.1080/00346764.2010.502833 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:3:p:409-411 Template-Type: ReDIF-Article 1.0 Author-Name: Betsy Jane Clary Author-X-Name-First: Betsy Jane Author-X-Name-Last: Clary Title: Institutional Usury and the Banks Abstract: Abstract Although usury is no longer widely discussed in economic discourse, the concept of usury is useful in explaining financial upheavals such as the recent and on-going crisis. The Scholastics began the study of interest with their teachings on usury, and Keynes brought the usury debate back into the discussions during the period around the Great Depression. Bernard Dempsey, a Jesuit economist, wrote a definitive assessment of scholastic theory in the early 1940s under the direction of Schumpeter. Dempsey developed his own theory of financial crises which he attributed to the presence of what he termed “institutional usury.” The recently implemented policy by the Federal Reserve of paying banks interest on reserves is examined in light of Dempsey's concept of institutional usury. The scholastic concept of the just price is used to analyze market power wielded by large financial institutions in the modern economy. Journal: Review of Social Economy Pages: 419-438 Issue: 4 Volume: 69 Year: 2011 Month: 12 X-DOI: 10.1080/00346764.2011.622906 File-URL: http://hdl.handle.net/10.1080/00346764.2011.622906 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:4:p:419-438 Template-Type: ReDIF-Article 1.0 Author-Name: Ortrud Leßmann Author-X-Name-First: Ortrud Author-X-Name-Last: Leßmann Title: Freedom of Choice and Poverty Alleviation Abstract: Abstract The Capability Approach (henceforth CA) views poverty as a multidimensional phenomenon that is not only characterised by lows levels of achievement in the various dimensions but also by a restricted opportunity to choose among different ways of life. The CA thus puts a lot of emphasis on (limited) freedom of choice as a crucial aspect of poverty. If poverty is seen in this way there are two ways to improve the situation of the poor: by broadening the set of opportunities open to them or by strengthening their ability to choose. The paper concentrates on the latter. Although the CA discusses several possibilities for strengthening the ability to choose it does not explicitly consider the role of enhancing the capability of choosing as a means of poverty alleviation. The paper summarizes which circumstances are seen in the CA as suitable for strengthening freedom of choice. Namely, the paper discusses the market as an institution that trains the ability to choose, democracy as a political institution that is based on freedom of choice and participatory methods as an attempt to build explicitly on freedom of choice of the participants. Two shortcomings in the theoretical conceptualization of freedom of choice in the CA are identified by discussing these institutions and circumstances: first, the interplay between social structures and individual agency is not modelled in much detail within the CA. Second, the CA does not provide an explicitly temporal model of agency. The paper takes a closer look at these shortcomings from a sociological perspective since the questions they raise are core questions of sociology. The problems are intertwined. In order to tackle the problem of social embedding in the CA one needs to introduce time and processes as well. Sociological approaches show how social structures evolve from the interaction of individuals. The paper gives an example of how sociological concepts of this interaction can be used for drawing a model of social work for strengthening the agency of the poor. The paper proceeds as follows: first the view of poverty as capability deprivation is presented. The second section gives an overview of the areas in which the CA discusses the strengthening of individual choice: the market, democracy and participatory projects. The third section elaborates on the shortcomings of the CA identified in the preceding section from a sociological perspective and introduces a concept of social work developed in a similar theoretical context. The conclusion summarizes the lessons and outlines further lines of research. Journal: Review of Social Economy Pages: 439-463 Issue: 4 Volume: 69 Year: 2011 Month: 12 X-DOI: 10.1080/00346764.2011.577349 File-URL: http://hdl.handle.net/10.1080/00346764.2011.577349 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:4:p:439-463 Template-Type: ReDIF-Article 1.0 Author-Name: Tiago Neves Sequeira Author-X-Name-First: Tiago Neves Author-X-Name-Last: Sequeira Author-Name: Alexandra Ferreira-Lopes Author-X-Name-First: Alexandra Author-X-Name-Last: Ferreira-Lopes Title: An Endogenous Growth Model with Human and Social Capital Interactions Abstract: Abstract Social capital has recently been introduced in the economic literature as a source of economic growth. In this paper we study the interactions between social and human capital, and their contributions to economic growth in an endogenous growth model. The model indicates an increase in the relative importance of human capital when compared to social capital throughout the development process of the economy, as also described in some of the empirical literature on the topic. We derive theoretical and policy implications from our endogenous growth model, concluding that a subsidy for human capital has important implications for economic growth and allocation redistribution. A subsidy to social capital is not relevant for economic growth. Its only effect would be the increase in the social to human capital ratio of the economy. Journal: Review of Social Economy Pages: 465-493 Issue: 4 Volume: 69 Year: 2011 Month: 12 X-DOI: 10.1080/00346764.2011.592330 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592330 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:4:p:465-493 Template-Type: ReDIF-Article 1.0 Author-Name: Atle Blomgren Author-X-Name-First: Atle Author-X-Name-Last: Blomgren Title: Is the CSR Craze Good for Society? The Welfare Economic Approach to Corporate Social Responsibility Abstract: Abstract Welfare economic analysis of Corporate Social Responsibility (CSR) equates CSR with the provision of private goods bundled with provision of public goods (or, in the symmetrical case, bundled with the curtailment of public bads). Two common examples are cause-related marketing and “green goods” where private goods are sold at premiums that are then used to pay for provision of public goods and/or curtailment of public bads. This paper expands upon the model of Besley and Ghatak (2007) for the case of imperfect government to develop a complete typology for analyzing whether the provision/curtailment of public goods/bads will be best served by companies (through CSR), by imperfect governments or by non-profit organizations. Finally the paper discusses the main differences between the welfare economic approach to CSR and the general multi-disciplinary CSR literature. Journal: Review of Social Economy Pages: 495-515 Issue: 4 Volume: 69 Year: 2011 Month: 12 X-DOI: 10.1080/00346764.2011.592329 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592329 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:4:p:495-515 Template-Type: ReDIF-Article 1.0 Author-Name: Matthias Olthaar Author-X-Name-First: Matthias Author-X-Name-Last: Olthaar Title: Less Pretension, More Ambition: Development Policy in Times of Globalization Journal: Review of Social Economy Pages: 521-524 Issue: 4 Volume: 69 Year: 2011 Month: 12 X-DOI: 10.1080/00346764.2011.578655 File-URL: http://hdl.handle.net/10.1080/00346764.2011.578655 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:4:p:521-524 Template-Type: ReDIF-Article 1.0 Author-Name: Stefano Solari Author-X-Name-First: Stefano Author-X-Name-Last: Solari Title: Flexicurity and Beyond: Finding a New Agenda for the European Social Model Journal: Review of Social Economy Pages: 524-528 Issue: 4 Volume: 69 Year: 2011 Month: 12 X-DOI: 10.1080/00346764.2010.502835 File-URL: http://hdl.handle.net/10.1080/00346764.2010.502835 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:4:p:524-528 Template-Type: ReDIF-Article 1.0 Author-Name: Torsten Heinrich Author-X-Name-First: Torsten Author-X-Name-Last: Heinrich Title: The Foundations of Non-equilibrium Economics Journal: Review of Social Economy Pages: 528-531 Issue: 4 Volume: 69 Year: 2011 Month: 12 X-DOI: 10.1080/00346764.2010.502838 File-URL: http://hdl.handle.net/10.1080/00346764.2010.502838 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:4:p:528-531 Template-Type: ReDIF-Article 1.0 Author-Name: M.G. Hayes Author-X-Name-First: M.G. Author-X-Name-Last: Hayes Title: The “Uncertain” Foundations of Post Keynesian Economics: Essays in Exploration Journal: Review of Social Economy Pages: 531-534 Issue: 4 Volume: 69 Year: 2011 Month: 12 X-DOI: 10.1080/00346764.2010.502840 File-URL: http://hdl.handle.net/10.1080/00346764.2010.502840 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:4:p:531-534 Template-Type: ReDIF-Article 1.0 Author-Name: Amitrajeet A. Batabyal Author-X-Name-First: Amitrajeet A. Author-X-Name-Last: Batabyal Title: The Economics of Hate Journal: Review of Social Economy Pages: 534-537 Issue: 4 Volume: 69 Year: 2011 Month: 12 X-DOI: 10.1080/00346764.2010.512525 File-URL: http://hdl.handle.net/10.1080/00346764.2010.512525 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:69:y:2011:i:4:p:534-537 Template-Type: ReDIF-Article 1.0 Author-Name: Aloys Wijngaards Author-X-Name-First: Aloys Author-X-Name-Last: Wijngaards Author-Name: Esther-Mirjam Sent Author-X-Name-First: Esther-Mirjam Author-X-Name-Last: Sent Title: Meaning of Life: Exploring the Relation between Economics and Religion Abstract: Abstract This paper starts from the perspective that giving meaning to life is a key function of religion: through its narratives, rituals, creeds, and practices, religion clothes life in a meaningful frame. Interestingly, though, meaning of life has not yet appeared in studies on the relation between religion and economic behavior. As meaning of life may prove to be a crucial factor in understanding this relation, this paper seeks to develop a new approach to understanding the link between religion and economic behavior from the viewpoint of meaning of life. Journal: Review of Social Economy Pages: 109-130 Issue: 1 Volume: 70 Year: 2012 Month: 5 X-DOI: 10.1080/00346764.2011.592277 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592277 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:1:p:109-130 Template-Type: ReDIF-Article 1.0 Author-Name: Jean-Philippe Berrou Author-X-Name-First: Jean-Philippe Author-X-Name-Last: Berrou Author-Name: François Combarnous Author-X-Name-First: François Author-X-Name-Last: Combarnous Title: The Personal Networks of Entrepreneurs in an Informal African Urban Economy: Does the ‘Strength of Ties’ Matter? Abstract: Abstract This paper investigates Granovetter's “strength of weak ties” hypothesis in an informal African urban economy. It outlines an approach articulated around the reticular embeddedness conceptual framework associated with the notion of “ego-centred network.” The content of ties in an entrepreneur's network is described by three salient dimensions: strength, social role and exchanged resources. We use an original dataset collected in the informal economy of Bobo-Dioulasso (Burkina Faso) to evaluate how the content and strength of ties influence entrepreneurs' economic outcomes. The instrument of multiple name generators provides a vast amount of information that can be used to compute quantitative measures of the composition of networks. We show that both strength of ties and proportion of business ties have a significant positive impact on economic outcomes. It reveals the importance for small urban informal entrepreneurs to draw on both embedded social relations and more autonomous ones. Journal: Review of Social Economy Pages: 1-30 Issue: 1 Volume: 70 Year: 2012 Month: 7 X-DOI: 10.1080/00346764.2011.577347 File-URL: http://hdl.handle.net/10.1080/00346764.2011.577347 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:1:p:1-30 Template-Type: ReDIF-Article 1.0 Author-Name: D. Marshall Meador Author-X-Name-First: D. Marshall Author-X-Name-Last: Meador Title: America's Economic Moralists: A History of Rival Ethics and Economics Journal: Review of Social Economy Pages: 131-134 Issue: 1 Volume: 70 Year: 2012 Month: 6 X-DOI: 10.1080/00346764.2010.502843 File-URL: http://hdl.handle.net/10.1080/00346764.2010.502843 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:1:p:131-134 Template-Type: ReDIF-Article 1.0 Author-Name: Roderick J. Macdonald Author-X-Name-First: Roderick J. Author-X-Name-Last: Macdonald Title: On the Role of Paradigms in Finance; From Economics Imperialism to Freakonomics: The Shifting Boundaries between Economics and Other Social Sciences; Economics Versus Human Rights Journal: Review of Social Economy Pages: 134-141 Issue: 1 Volume: 70 Year: 2012 Month: 6 X-DOI: 10.1080/00346764.2010.512524 File-URL: http://hdl.handle.net/10.1080/00346764.2010.512524 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:1:p:134-141 Template-Type: ReDIF-Article 1.0 Author-Name: Nancy E. Bertaux Author-X-Name-First: Nancy E. Author-X-Name-Last: Bertaux Title: Boosting Paychecks: The Politics of Supporting America’s Working Poor Journal: Review of Social Economy Pages: 141-145 Issue: 1 Volume: 70 Year: 2012 Month: 7 X-DOI: 10.1080/00346764.2010.512526 File-URL: http://hdl.handle.net/10.1080/00346764.2010.512526 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:1:p:141-145 Template-Type: ReDIF-Article 1.0 Author-Name: Susan B. Carter Author-X-Name-First: Susan B. Author-X-Name-Last: Carter Title: The “Woman Question” and Higher Education: Perspectives on Gender and Knowledge Production in America Journal: Review of Social Economy Pages: 145-149 Issue: 1 Volume: 70 Year: 2012 Month: 6 X-DOI: 10.1080/00346764.2010.502842 File-URL: http://hdl.handle.net/10.1080/00346764.2010.502842 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:1:p:145-149 Template-Type: ReDIF-Article 1.0 Author-Name: Eiji Yamamura Author-X-Name-First: Eiji Author-X-Name-Last: Yamamura Title: Government Size and Trust Abstract: Abstract This paper uses individual level data from the Japanese General Social Survey to examine how government size influences generalized trust. After controlling for the endogeneity of government size using instrumental variables, I found: (1) using all samples, government size is not associated with generalized trust, and (2) after splitting the sample into workers and non-workers, government size does not influence generalized trust for non-workers, whereas it significantly reduces generalized trust for workers. This suggests that workers, through their work experience, might have to face greater bureaucratic red tape coming from “larger government,” leading to negative externality effects on relationships of trust in the labor market. Journal: Review of Social Economy Pages: 31-56 Issue: 1 Volume: 70 Year: 2012 Month: 12 X-DOI: 10.1080/00346764.2011.592334 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592334 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:1:p:31-56 Template-Type: ReDIF-Article 1.0 Author-Name: Pavlina R. Tcherneva Author-X-Name-First: Pavlina R. Author-X-Name-Last: Tcherneva Title: Permanent On-The-Spot Job Creation—The Missing Keynes Plan for Full Employment and Economic Transformation Abstract: Abstract The paper rejects the conventional view that Keynes had an aggregate demand approach to full employment. Instead, it proposes that he advocated a very specific labor demand targeting approach that would be implemented both in recessions and expansions. Modern policies, which aim to “close the demand gap” between current and potential output are inconsistent with Keynes's work on theoretical and methodological grounds. There is considerable evidence to suggest that a permanent program for direct or (in his words) “on-the-spot” job creation is the missing Keynes Plan for full employment and economic transformation. The current crisis presents the social economist with a unique opportunity to set fiscal policy straight along the original Keynesian lines. The paper suggests what specific form such a policy might take. Journal: Review of Social Economy Pages: 57-80 Issue: 1 Volume: 70 Year: 2012 Month: 9 X-DOI: 10.1080/00346764.2011.577348 File-URL: http://hdl.handle.net/10.1080/00346764.2011.577348 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:1:p:57-80 Template-Type: ReDIF-Article 1.0 Author-Name: Helena Lopes Author-X-Name-First: Helena Author-X-Name-Last: Lopes Author-Name: Teresa Calapez Author-X-Name-First: Teresa Author-X-Name-Last: Calapez Title: The Relational Dimension of Identity—Theoretical and Empirical Exploration Abstract: Abstract Identity has been recently introduced as a “legitimate” subject matter in economics. Whereas the social nature of identity is consensually acknowledged, its relational and moral dimensions are overlooked. We begin by clarifying the role of interpersonal relations in identity formation. Following Honneth (1995) we argue that the development of a positive identity, defined as a person's relation-to-self, depends on the processes of mutual recognition in which a person takes part throughout her/his life. We then frame Honneth's recognition processes in terms of the access to relational and moral goods. An empirical study is presented that illustrates the association between relational and moral goods and “relation-to-self.” Based on European Social Survey (ESS) data, we show that high levels of relational goods (e.g. experiencing intense and positive social relations) and moral goods (e.g. perceiving to be treated with justice and respect) are associated with a positive relation-to-self. Journal: Review of Social Economy Pages: 81-107 Issue: 1 Volume: 70 Year: 2012 Month: 5 X-DOI: 10.1080/00346764.2011.592279 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592279 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:1:p:81-107 Template-Type: ReDIF-Article 1.0 Author-Name: Wilfred Dolfsma Author-X-Name-First: Wilfred Author-X-Name-Last: Dolfsma Author-Name: Deborah Figart Author-X-Name-First: Deborah Author-X-Name-Last: Figart Author-Name: Robert McMaster Author-X-Name-First: Robert Author-X-Name-Last: McMaster Author-Name: Martha Starr Author-X-Name-First: Martha Author-X-Name-Last: Starr Title: Promoting Research on Intersections of Economics, Ethics, and Social Values: Editorial Journal: Review of Social Economy Pages: 155-163 Issue: 2 Volume: 70 Year: 2012 Month: 6 X-DOI: 10.1080/00346764.2012.664748 File-URL: http://hdl.handle.net/10.1080/00346764.2012.664748 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:2:p:155-163 Template-Type: ReDIF-Article 1.0 Author-Name: Steven Soderlind Author-X-Name-First: Steven Author-X-Name-Last: Soderlind Title: Particularly Polar Programs: Social Economics and Divergent Settlement Policies in Postwar Scandinavia Abstract: Abstract For two decades following World War II, Sweden and Norway diverged markedly concerning domestic migration and urbanization. While the Swedes encouraged migration from economically weak rural districts to more prosperous urban areas, Norway worked to deter migration from its weakest region and retard the growth of its largest cities, including Oslo. This paper highlights economic foundations for those divergent policies, focusing on historical circumstances, conventional thought, and eminent economists. The discussion applies today as nations ponder the possibility of less centralized urban networks. Journal: Review of Social Economy Pages: 164-180 Issue: 2 Volume: 70 Year: 2012 Month: 6 X-DOI: 10.1080/00346764.2011.592328 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592328 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:2:p:164-180 Template-Type: ReDIF-Article 1.0 Author-Name: Andrea Schneider Author-X-Name-First: Andrea Author-X-Name-Last: Schneider Author-Name: Klaus W. Zimmermann Author-X-Name-First: Klaus W. Author-X-Name-Last: Zimmermann Title: Fairness and its Price Abstract: Abstract We discuss the economic aspects of fairness defined here in the benchmark case as equality of producer and consumer rents. We show that there are significant differences considering private and public goods, especially with regard to a potential self-damaging of the initially disadvantaged, resulting from the implementation of the equality-rule. Furthermore, the potential welfare loss to society will be substantially larger in the field of public rather than of private goods. Journal: Review of Social Economy Pages: 181-199 Issue: 2 Volume: 70 Year: 2012 Month: 6 X-DOI: 10.1080/00346764.2011.632325 File-URL: http://hdl.handle.net/10.1080/00346764.2011.632325 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:2:p:181-199 Template-Type: ReDIF-Article 1.0 Author-Name: Diane-Gabrielle Tremblay Author-X-Name-First: Diane-Gabrielle Author-X-Name-Last: Tremblay Title: Work--Family Balance: Is the Social Economy Sector More Supportive … and is this because of its More Democratic Management? Abstract: Abstract This research compares perceived organizational support to work--family balance measures and policies in various work environments to determine whether the organizational context can be a mediating variable or whether the social economy sector, with its mission and management approach (participatory decision-making) might have an influence on organizational support to work--family balance. We studied the social economy sector and compared findings with three other sectors in the public service that have a public service mission but not the same democratic or participatory management mode: a metropolitan police service, social work, and nursing, all in the same city. Our research identifies many significant differences between the four sectors, essentially owing to the characteristics of the social economy sector. In addition to our quantitative research, we conducted interviews (36) in the sector and results indicate that the specificity of the social economy sector, i.e. mission and management mode, explain the overriding concern for work--life balance in the social economy sector. Journal: Review of Social Economy Pages: 200-232 Issue: 2 Volume: 70 Year: 2012 Month: 6 X-DOI: 10.1080/00346764.2011.632324 File-URL: http://hdl.handle.net/10.1080/00346764.2011.632324 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:2:p:200-232 Template-Type: ReDIF-Article 1.0 Author-Name: Scott L. Newbert Author-X-Name-First: Scott L. Author-X-Name-Last: Newbert Author-Name: Michael D. Stouder Author-X-Name-First: Michael D. Author-X-Name-Last: Stouder Title: Achieving Moral Capitalism through Entrepreneurial Justice Abstract: Abstract Adam Smith argued that capitalism was best achieved when individuals temper their economic self-interests with ethically grounded motivations. Unfortunately, Smith stopped short of articulating precisely how individuals might manage these seemingly competing interests in a way that is practical for actors in modern day organizations. We believe that a set of effective principles of justice can be found in the writings of political philosopher John Rawls. We argue that due to the empirical realities of entrepreneurs, the entrepreneurial context is aligned with Rawls' original position. We consider how Rawls' principles might inform founders of new organizations with regard to their interaction with organizational stakeholders. Journal: Review of Social Economy Pages: 233-251 Issue: 2 Volume: 70 Year: 2012 Month: 6 X-DOI: 10.1080/00346764.2011.632322 File-URL: http://hdl.handle.net/10.1080/00346764.2011.632322 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:2:p:233-251 Template-Type: ReDIF-Article 1.0 Author-Name: Mitja Stefancic Author-X-Name-First: Mitja Author-X-Name-Last: Stefancic Title: The Keynes Solution: The Path To Global Economic Prosperity Journal: Review of Social Economy Pages: 252-255 Issue: 2 Volume: 70 Year: 2012 Month: 6 X-DOI: 10.1080/00346764.2010.502841 File-URL: http://hdl.handle.net/10.1080/00346764.2010.502841 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:2:p:252-255 Template-Type: ReDIF-Article 1.0 Author-Name: Roderick Hill Author-X-Name-First: Roderick Author-X-Name-Last: Hill Title: Happiness Around the World: The Paradox of Happy Peasants and Miserable Millionaires Journal: Review of Social Economy Pages: 256-259 Issue: 2 Volume: 70 Year: 2012 Month: 6 X-DOI: 10.1080/00346764.2010.512527 File-URL: http://hdl.handle.net/10.1080/00346764.2010.512527 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:2:p:256-259 Template-Type: ReDIF-Article 1.0 Author-Name: Robert H. Scott Author-X-Name-First: Robert H. Author-X-Name-Last: Scott Title: Bankrupt: Global Lawmaking and Systemic Financial Crises Journal: Review of Social Economy Pages: 259-262 Issue: 2 Volume: 70 Year: 2012 Month: 6 X-DOI: 10.1080/00346764.2011.577350 File-URL: http://hdl.handle.net/10.1080/00346764.2011.577350 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:2:p:259-262 Template-Type: ReDIF-Article 1.0 Author-Name: Johnston Birchall Author-X-Name-First: Johnston Author-X-Name-Last: Birchall Title: The Comparative Advantages of Member-owned Businesses Abstract: Abstract This article provides a systematic descriptive and analytical framework for understanding the comparative advantages of member-owned businesses (MOBs) such as cooperatives, mutuals, and economic associations. First, it provides a short description of two main ownership types—consumer and producer—then it provides a taxonomy of all the main sub-types. An overview of the literature on comparative advantage follows. The three elements of ownership, control, and benefit are identified, and then advantages arising from these elements are identified and discussed with historical examples and empirical evidence derived mainly from the author's previous work. There is a brief discussion of the wider advantages to society in general from the presence of an MOB sector. A section on disadvantages identifies problems such as difficulty in raising capital, and governance failure due to lack of member participation. The final section considers the comparative nature of advantage, comparing MOBs with other ownership types, and making a distinction between comparative advantage and competitive advantage under particular market conditions. Journal: Review of Social Economy Pages: 263-294 Issue: 3 Volume: 70 Year: 2012 Month: 8 X-DOI: 10.1080/00346764.2011.632326 File-URL: http://hdl.handle.net/10.1080/00346764.2011.632326 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:3:p:263-294 Template-Type: ReDIF-Article 1.0 Author-Name: Virgil Henry Storr Author-X-Name-First: Virgil Henry Author-X-Name-Last: Storr Author-Name: Stefanie Haeffele-Balch Author-X-Name-First: Stefanie Author-X-Name-Last: Haeffele-Balch Title: Post-disaster Community Recovery in Heterogeneous, Loosely Connected Communities Abstract: Abstract Hurricane Katrina hit the Gulf Coast on 29 August 2005, leaving a great deal of destruction, pain, and uncertainty in its wake. Post-disaster community rebound is a collective action problem where every individual's decision to rebuild is impacted by the likelihood that others in the community will rebuild. The literature on post-disaster recovery suggests that homogenous, tight-knit communities will have an advantage over more diverse, less-connected communities in solving this collective action problem and bringing about community rebound and redevelopment. Consequently, these studies have tended to underappreciate the capacity of loosely knit, heterogeneous communities to overcome the challenges associated with community recovery after a disaster. This article hopes to fill this gap in the literature by examining how loosely knit, heterogeneous communities can facilitate post-disaster community recovery and redevelopment. To examine this, we highlight the importance of community-based organizations and focus on the recovery efforts of Broadmoor after Hurricane Katrina. Journal: Review of Social Economy Pages: 295-314 Issue: 3 Volume: 70 Year: 2012 Month: 10 X-DOI: 10.1080/00346764.2012.662786 File-URL: http://hdl.handle.net/10.1080/00346764.2012.662786 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:3:p:295-314 Template-Type: ReDIF-Article 1.0 Author-Name: Giovanni Russo Author-X-Name-First: Giovanni Author-X-Name-Last: Russo Title: Job and Life Satisfaction Among Part-time and Full-time Workers: The “Identity” Approach Abstract: Abstract This paper maintains that part-time workers are a heterogeneous group: some choose their number of hours so as to comply with the prescription of the identity to which they adhere; others choose to work part-time because they are unable to integrate the competing and incoherent claims made by the different identities (or roles) to which they adhere. By using information on people's life goals and on the importance of having a job to achieve those goals, I derive measures of the importance of labor-market activities for the identity to which individuals adhere. Self-reported measure of the perceived time crunch generated by competing work and non-work activities is used to gauge the lack of smooth integration between the different identities (or roles) to which an individual adheres. The empirical analysis based on this data set supports the initial claim. Journal: Review of Social Economy Pages: 315-343 Issue: 3 Volume: 70 Year: 2012 Month: 9 X-DOI: 10.1080/00346764.2011.632323 File-URL: http://hdl.handle.net/10.1080/00346764.2011.632323 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:3:p:315-343 Template-Type: ReDIF-Article 1.0 Author-Name: Andre Hofmeyr Author-X-Name-First: Andre Author-X-Name-Last: Hofmeyr Author-Name: Justine Burns Author-X-Name-First: Justine Author-X-Name-Last: Burns Title: Two Sides of the Same Coin: Re-examining Nepotism and Discrimination in a Segmented Society Abstract: Abstract We report the results from a series of trust games designed to distinguish racial discrimination from racial nepotism, played with a sample of high school students in Cape Town, South Africa. In contrast to the original work in this regard by Fershtman et al. (2005), we find considerably greater heterogeneity in the way that proposers respond to the revealed racial identity of their partner, with nepotism being a dominant behavior. However, while some proposers exhibit a nepotistic bias in their offers that favors in-group members on average, others exhibit a nepotistic strategy that favors out-group members. A consequence of this nepotism is that both efficiency and equity are reduced on average. Journal: Review of Social Economy Pages: 344-374 Issue: 3 Volume: 70 Year: 2012 Month: 8 X-DOI: 10.1080/00346764.2011.632321 File-URL: http://hdl.handle.net/10.1080/00346764.2011.632321 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:3:p:344-374 Template-Type: ReDIF-Article 1.0 Author-Name: Amitrajeet A. Batabyal Author-X-Name-First: Amitrajeet A. Author-X-Name-Last: Batabyal Title: Elements of an Evolutionary Theory of Welfare: Assessing Welfare When Preferences Change Journal: Review of Social Economy Pages: 375-378 Issue: 3 Volume: 70 Year: 2012 Month: 8 X-DOI: 10.1080/00346764.2011.592331 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592331 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:3:p:375-378 Template-Type: ReDIF-Article 1.0 Author-Name: Amitrajeet A. Batabyal Author-X-Name-First: Amitrajeet A. Author-X-Name-Last: Batabyal Title: Not for Profit: Why Democracy Needs the Humanities Journal: Review of Social Economy Pages: 378-381 Issue: 3 Volume: 70 Year: 2012 Month: 11 X-DOI: 10.1080/00346764.2011.592335 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592335 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:3:p:378-381 Template-Type: ReDIF-Article 1.0 Author-Name: Yan Li Author-X-Name-First: Yan Author-X-Name-Last: Li Title: The Political Economy of Consumer Behavior: Contesting Consumption Journal: Review of Social Economy Pages: 381-385 Issue: 3 Volume: 70 Year: 2012 Month: 8 X-DOI: 10.1080/00346764.2011.577351 File-URL: http://hdl.handle.net/10.1080/00346764.2011.577351 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:3:p:381-385 Template-Type: ReDIF-Article 1.0 Author-Name: Stefano Solari Author-X-Name-First: Stefano Author-X-Name-Last: Solari Title: Seleted Works of Michael Wallerstein: The Political Economy of Inequality, Unions, and Social Democracy Journal: Review of Social Economy Pages: 385-388 Issue: 3 Volume: 70 Year: 2012 Month: 12 X-DOI: 10.1080/00346764.2011.592338 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592338 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:3:p:385-388 Template-Type: ReDIF-Article 1.0 Author-Name: Mitja Stefancic Author-X-Name-First: Mitja Author-X-Name-Last: Stefancic Title: Creating an Opportunity Society Journal: Review of Social Economy Pages: 388-391 Issue: 3 Volume: 70 Year: 2012 Month: 3 X-DOI: 10.1080/00346764.2010.502837 File-URL: http://hdl.handle.net/10.1080/00346764.2010.502837 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:3:p:388-391 Template-Type: ReDIF-Article 1.0 Author-Name: Lorenzo Garbo Author-X-Name-First: Lorenzo Author-X-Name-Last: Garbo Title: Economic Persuasions Journal: Review of Social Economy Pages: 392-395 Issue: 3 Volume: 70 Year: 2012 Month: 9 X-DOI: 10.1080/00346764.2011.592332 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592332 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:3:p:392-395 Template-Type: ReDIF-Article 1.0 Author-Name: Amin Mohseni Author-X-Name-First: Amin Author-X-Name-Last: Mohseni Title: Christian Theology and Market Economics Journal: Review of Social Economy Pages: 395-399 Issue: 3 Volume: 70 Year: 2012 Month: 11 X-DOI: 10.1080/00346764.2011.592336 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592336 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:3:p:395-399 Template-Type: ReDIF-Article 1.0 Author-Name: Zohreh Emami Author-X-Name-First: Zohreh Author-X-Name-Last: Emami Title: Social Economics and Evolutionary Learning Abstract: Abstract The major premise of this paper is that social and individual well-being depends significantly on people's capacity to learn and unlearn in communication with each other. This paper builds on social economic traditions that see communication and conversation as evolutionary generative and adaptive mechanisms through which individual and social learning occurs. Drawing on educational psychology and organizational behavior scholarship, five dynamic processes of conversational learning are introduced with the contention that they can help social economists understand at a micro level more deeply and more concretely how learning happens in the give-and-take of conversation. The paper explores the role of the state, organizations, and communities in fostering individual freedom and dignity, human rights, and economic democracy and concludes that the investment of value in people and their capability for purposeful action as social economic stakeholders can be enhanced through conversation as learning. Journal: Review of Social Economy Pages: 401-420 Issue: 4 Volume: 70 Year: 2012 Month: 12 X-DOI: 10.1080/00346764.2012.722006 File-URL: http://hdl.handle.net/10.1080/00346764.2012.722006 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:4:p:401-420 Template-Type: ReDIF-Article 1.0 Author-Name: Richard V. Adkisson Author-X-Name-First: Richard V. Author-X-Name-Last: Adkisson Author-Name: Mikidadu Mohammed Author-X-Name-First: Mikidadu Author-X-Name-Last: Mohammed Title: Pragmatism to Dogmatism: The Laissez Faire Myth and the Disabling of the American Fisc Abstract: Abstract  The authors argue that the recent upsurge in anti-tax sentiment has its roots evolving social conditions and adherence to the laissez faire myth. Content analysis reveals that political anti-tax rhetoric increased in the late 1970s and early 1980s, a time of social distress in the US. This increased political attention provided a rhetorical punctuation whereby a substantial portion of Americans moved toward a much more dogmatic adherence to the laissez faire myth. The result has been to convert the laissez faire myth into a disabling myth that severely limits open discussion of fiscal issues and reduces the options in public finance decisions. Journal: Review of Social Economy Pages: 421-450 Issue: 4 Volume: 70 Year: 2012 Month: 12 X-DOI: 10.1080/00346764.2012.690606 File-URL: http://hdl.handle.net/10.1080/00346764.2012.690606 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:4:p:421-450 Template-Type: ReDIF-Article 1.0 Author-Name: Robert Vergeer Author-X-Name-First: Robert Author-X-Name-Last: Vergeer Author-Name: Alfred Kleinknecht Author-X-Name-First: Alfred Author-X-Name-Last: Kleinknecht Title: Do Flexible Labor Markets Indeed Reduce Unemployment? A Robustness Check Abstract: Abstract Nickell et al. (2005) have frequently been cited as empirical evidence that labor market rigidities cause high unemployment. We find that their model is not robust. Leaving their database unchanged and changing three details in their estimation procedure, it turns out that several policy-relevant coefficients change sign or significance. We conclude that their claim from Non Accelerating Inflation Rate of Unemployment (NAIRU) theory that labor market rigidities cause unemployment is rather shaky. There is a remarkable discrepancy between weak empirical results and sweeping conclusions by policy practitioners with respect to the call for deregulation of labor markets. Journal: Review of Social Economy Pages: 451-467 Issue: 4 Volume: 70 Year: 2012 Month: 12 X-DOI: 10.1080/00346764.2012.681113 File-URL: http://hdl.handle.net/10.1080/00346764.2012.681113 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:4:p:451-467 Template-Type: ReDIF-Article 1.0 Author-Name: Clemens Lutz Author-X-Name-First: Clemens Author-X-Name-Last: Lutz Title: Opportunities for Smallholders from Developing Countries in Global Value Chains Abstract: Abstract The current policy debate on opportunities for African smallholders in agricultural markets focuses on the need for proper institutions at the market level or governance in the global value chain (GVC). Both discussions neglect insights from strategic management. We argue that successful inclusion of smallholders in GVCs requires the deployment of strategic resources and capabilities in the farming systems. The consequence of this argument is that the ‘inclusion’ of smallholders in GVCs only makes sense if they have the opportunity to create strategic resources. Journal: Review of Social Economy Pages: 468-476 Issue: 4 Volume: 70 Year: 2012 Month: 12 X-DOI: 10.1080/00346764.2012.690607 File-URL: http://hdl.handle.net/10.1080/00346764.2012.690607 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:4:p:468-476 Template-Type: ReDIF-Article 1.0 Author-Name: Dimitris Milonakis Author-X-Name-First: Dimitris Author-X-Name-Last: Milonakis Author-Name: Ben Fine Author-X-Name-First: Ben Author-X-Name-Last: Fine Title: Interrogating Sickonomics, from Diagnosis to Cure: A Response to Hodgson Abstract: Abstract Hodgson's review of our books argues against us that marginalism neither adopted methodological individualism nor excluded the social from economics. Thus, he finds a partial solution to sickonomics in abandoning the term methodological individualism and using both structures and individuals as analytical starting point(s), revisiting Marshallian marginalism dressed up in socio-institutional clothing. He also denies any relationship between the current malaise in economics and the marginal revolution, as we claim, focusing exclusively on institutional developments since the Second World War. We show Hodgson is either partial or wrong on all of these counts. Firstly, his alternative to methodological individualism is untenable. Secondly, institutions, although implicitly present in Marshallian and Walrasian economics, play no substantive analytical role and as such are superfluous. Finally, although institutional factors help explain the sickness of modern economics (in addition to socioeconomic, ideological, political, and intellectual factors), the intellectual roots of this decay lie in the conceptual framework established around the marginal revolution. Journal: Review of Social Economy Pages: 477-491 Issue: 4 Volume: 70 Year: 2012 Month: 12 X-DOI: 10.1080/00346764.2012.662788 File-URL: http://hdl.handle.net/10.1080/00346764.2012.662788 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:4:p:477-491 Template-Type: ReDIF-Article 1.0 Author-Name: Geoffrey M. Hodgson Author-X-Name-First: Geoffrey M. Author-X-Name-Last: Hodgson Title: From Social Theory to Explaining Sickonomics: A Response to Dimitris Milonakis and Ben Fine Abstract: Abstract This response shows that, in their reply to my critique of their work, Ben Fine and Dimitris Milonakis generally maintain the impression that there is a single, widely accepted definition of methodological individualism, but they do not identify it. They assert that social structures (undefined but seemingly specified to exclude law and institutions) have ‘analytical priority’ and logically (but tacitly) imply that individuals should have no part in the analysis of social or economic phenomena. They mischaracterise Hodgson's (2011) position on Marshall by quoting just one part-sentence out of context. Fine, Milonakis and Hodgson agree that the intellectual roots of the predominance of technique over substance in modern economics can partly be traced to the 1870--1900 period, but disagree on what they are. Journal: Review of Social Economy Pages: 492-507 Issue: 4 Volume: 70 Year: 2012 Month: 12 X-DOI: 10.1080/00346764.2012.690608 File-URL: http://hdl.handle.net/10.1080/00346764.2012.690608 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:4:p:492-507 Template-Type: ReDIF-Article 1.0 Author-Name: James A. Buss Author-X-Name-First: James A. Author-X-Name-Last: Buss Title: Aftershock: The Next Economy and America's Future Journal: Review of Social Economy Pages: 508-513 Issue: 4 Volume: 70 Year: 2012 Month: 12 X-DOI: 10.1080/00346764.2011.592339 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592339 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:4:p:508-513 Template-Type: ReDIF-Article 1.0 Author-Name: Michael F. Watts Author-X-Name-First: Michael F. Author-X-Name-Last: Watts Title: Sustainable Development: Capabilities, Needs, and Well-being. Edited by Felix Rauschmayer, Ines Omann and Johannes Frühmann. Journal: Review of Social Economy Pages: 513-516 Issue: 4 Volume: 70 Year: 2012 Month: 12 X-DOI: 10.1080/00346764.2011.592278 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592278 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:4:p:513-516 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen P. Barrows1 Author-X-Name-First: Stephen P. Author-X-Name-Last: Barrows1 Title: Relationship Economics: The Social Capital Paradigm and Its Application to Business, Politics, and Other Transaction Journal: Review of Social Economy Pages: 516-519 Issue: 4 Volume: 70 Year: 2012 Month: 3 X-DOI: 10.1080/00346764.2011.592282 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592282 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:4:p:516-519 Template-Type: ReDIF-Article 1.0 Author-Name: Marvin T. Brown Author-X-Name-First: Marvin T. Author-X-Name-Last: Brown Title: Adam Smith: An Enlightened Life Journal: Review of Social Economy Pages: 520-523 Issue: 4 Volume: 70 Year: 2012 Month: 12 X-DOI: 10.1080/00346764.2011.592661 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592661 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:4:p:520-523 Template-Type: ReDIF-Article 1.0 Author-Name: Rita Yi Man Li Author-X-Name-First: Rita Yi Man Author-X-Name-Last: Li Title: The Economics of Social Responsibility: The World of Social Enterprises Journal: Review of Social Economy Pages: 524-527 Issue: 4 Volume: 70 Year: 2012 Month: 12 X-DOI: 10.1080/00346764.2011.592281 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592281 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:4:p:524-527 Template-Type: ReDIF-Article 1.0 Author-Name: Xinyue Ye Author-X-Name-First: Xinyue Author-X-Name-Last: Ye Title: Education and Inequality Across Europe Journal: Review of Social Economy Pages: 527-531 Issue: 4 Volume: 70 Year: 2012 Month: 12 X-DOI: 10.1080/00346764.2011.592340 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592340 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:70:y:2012:i:4:p:527-531 Template-Type: ReDIF-Article 1.0 Author-Name: Dennis C. Mueller Author-X-Name-First: Dennis C. Author-X-Name-Last: Mueller Title: The State and Religion Abstract: Abstract  The proposition that the State should be separated from the Church is well accepted by students of democracy in the West. Huntington ((1996) The Clash of Civilizations and the Remaking of World Order, New York: Simon & Schuster) went so far as to claim that the separation of Church and State was a salient feature of Western Civilization, which explains why Western countries tend to be democracies, while democracy in other cultures is rare. Huntington's claim obviously presumes that the State is separated from the Church in Western democracies. A closer look at the relationships between State and Church in these countries, however, reveals considerable financial and institutional linkages between the two institutions. Democratic states in the West subsidize religious organizations and religious schools, allow or even sometimes compel religious instruction in public, supposedly secular schools, and enact laws, which advance religious agendas. This article documents and discusses these state--church relationships. It goes on to recommend the implementation of a complete separation of Church and State. Journal: Review of Social Economy Pages: 1-19 Issue: 1 Volume: 71 Year: 2013 Month: 3 X-DOI: 10.1080/00346764.2012.681115 File-URL: http://hdl.handle.net/10.1080/00346764.2012.681115 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:1:p:1-19 Template-Type: ReDIF-Article 1.0 Author-Name: Ayman Reda Author-X-Name-First: Ayman Author-X-Name-Last: Reda Title: Islam and Markets Abstract: The field of Islamic Economics has traditionally focused on two main areas of inquiry, banking and the public sector. The objective of this paper is an attempt to fill an important gap in the Islamic Economics literature that has been surprisingly overlooked by most scholars in the field. This gap concerns the nature and role of markets in an Islamic economic system. The primary concern is to investigate the nature and structure of an Islamic formulation of markets. The paper engages in a detailed analysis of Islamic scripture, the Qur'an and Hadith, pertaining to the issues of contracts, exchange, markets, prices, regulation, usury, and competition. The paper identifies an active and comprehensive treatment of markets in Islamic scripture that questions many of the misconceptions surrounding the relationship between Islam and markets. Journal: Review of Social Economy Pages: 20-43 Issue: 1 Volume: 71 Year: 2013 Month: 3 X-DOI: 10.1080/00346764.2012.761752 File-URL: http://hdl.handle.net/10.1080/00346764.2012.761752 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:1:p:20-43 Template-Type: ReDIF-Article 1.0 Author-Name: Michael D. Carr Author-X-Name-First: Michael D. Author-X-Name-Last: Carr Title: Local Area Inequality and Worker Well-Being Abstract: Abstract This paper uses General Social Survey data linked to Census data to investigate the effect of local area income and income inequality on worker well-being. Others have found a robust negative correlation between reference group income and self-reported well-being. However, in many cases the reference group is defined as a large geographic area. This paper adds to the literature in two ways. First, it considers multiple nested geographic reference groups with US data. Second, it explicitly considers income inequality in addition to the level of income. It is found that both income and income inequality are positively associated with well-being at the census tract level, but negatively associated at the county level. Further, the effect of inequality on well-being decreases as income increases at the census tract and county level, while it increases at the state level. Journal: Review of Social Economy Pages: 44-64 Issue: 1 Volume: 71 Year: 2013 Month: 3 X-DOI: 10.1080/00346764.2012.707399 File-URL: http://hdl.handle.net/10.1080/00346764.2012.707399 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:1:p:44-64 Template-Type: ReDIF-Article 1.0 Author-Name: Christopher Jeffords Author-X-Name-First: Christopher Author-X-Name-Last: Jeffords Author-Name: Farhed Shah Author-X-Name-First: Farhed Author-X-Name-Last: Shah Title: On the Natural and Economic Difficulties to Fulfilling the Human Right to Water Within a Neoclassical Economics Framework Abstract: We present a neoclassical economic model of the human right to water using a nonrenewable resource model inclusive of a backstop technology. The right is interpreted as a minimum consumption requirement the government is obligated to fulfill in the event that any one household cannot do so independently. Differing by income levels, households maximize utility by purchasing a composite consumption good and water from two distinct, government-owned sources. Facing physical and financial constraints, the government uses fiscal policy to address potential human rights violations. Reducing the analysis to two periods, we develop a novel approach to compare total welfare levels from a joint human rights and neoclassical economics perspective. We define a human rights welfare standard and discuss cases in which traditional social welfare measures would exceed, violate, or meet this standard. We thus offer a unique way to merge economic analysis with human rights research. Journal: Review of Social Economy Pages: 65-92 Issue: 1 Volume: 71 Year: 2013 Month: 3 X-DOI: 10.1080/00346764.2012.761753 File-URL: http://hdl.handle.net/10.1080/00346764.2012.761753 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:1:p:65-92 Template-Type: ReDIF-Article 1.0 Author-Name: Ricardo F. Crespo Author-X-Name-First: Ricardo F. Author-X-Name-Last: Crespo Title: The Increasing Role of Practical Reason in the Human Development Reports Abstract: This paper will argue for the need to reinsert practical reason into economics. It will first define, classify, and characterize practical reason. Second, it will show how it applies to Economics (Section 3). Then, it will note the presence of this use of reason in the construction of the United Nations Development Program's (UNDP) Human Development Index (Section 4). Finally, the paper will maintain that the UNDP is increasingly making use of this form of reason (Section 5). Journal: Review of Social Economy Pages: 93-107 Issue: 1 Volume: 71 Year: 2013 Month: 3 X-DOI: 10.1080/00346764.2012.761756 File-URL: http://hdl.handle.net/10.1080/00346764.2012.761756 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:1:p:93-107 Template-Type: ReDIF-Article 1.0 Author-Name: Mita Marra Author-X-Name-First: Mita Author-X-Name-Last: Marra Title: Poverty and Social Welfare in Japan. Edited by Masami Iwata and Akihiko Nishizawa. Melbourne: Trans Pacific Press, 2008. 323 pp., ISBN 978-1-876843-87-8 $34.95 (paper). Journal: Review of Social Economy Pages: 108-111 Issue: 1 Volume: 71 Year: 2013 Month: 3 X-DOI: 10.1080/00346764.2011.592333 File-URL: http://hdl.handle.net/10.1080/00346764.2011.592333 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:1:p:108-111 Template-Type: ReDIF-Article 1.0 Author-Name: Tonia Warnecke Author-X-Name-First: Tonia Author-X-Name-Last: Warnecke Title: Trading Stories: Experiences with Gender and Trade Journal: Review of Social Economy Pages: 112-114 Issue: 1 Volume: 71 Year: 2013 Month: 3 X-DOI: 10.1080/00346764.2011.632327 File-URL: http://hdl.handle.net/10.1080/00346764.2011.632327 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:1:p:112-114 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen P. Barrows Author-X-Name-First: Stephen P. Author-X-Name-Last: Barrows Title: Market Complicity and Christian Ethics. By Albino Barrera. Cambridge: Cambridge University Press, 2011, xii + 312 pp., ISBN 978-1-107-00315-6, $88.00 (hardcover). Journal: Review of Social Economy Pages: 115-118 Issue: 1 Volume: 71 Year: 2013 Month: 3 X-DOI: 10.1080/00346764.2011.632328 File-URL: http://hdl.handle.net/10.1080/00346764.2011.632328 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:1:p:115-118 Template-Type: ReDIF-Article 1.0 Author-Name: Ayman Reda Author-X-Name-First: Ayman Author-X-Name-Last: Reda Title: The Economics of Enough: How to Run the Economy as if the Future Matters Journal: Review of Social Economy Pages: 118-123 Issue: 1 Volume: 71 Year: 2013 Month: 3 X-DOI: 10.1080/00346764.2011.632329 File-URL: http://hdl.handle.net/10.1080/00346764.2011.632329 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:1:p:118-123 Template-Type: ReDIF-Article 1.0 Author-Name: Christine D. Miller Hesed Author-X-Name-First: Christine D. Miller Author-X-Name-Last: Hesed Title: The New Holy Wars: Economic Religion vs. Environmental Religion in Contemporary America Journal: Review of Social Economy Pages: 123-126 Issue: 1 Volume: 71 Year: 2013 Month: 3 X-DOI: 10.1080/00346764.2012.662787 File-URL: http://hdl.handle.net/10.1080/00346764.2012.662787 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:1:p:123-126 Template-Type: ReDIF-Article 1.0 Author-Name: Zdravka Todorova Author-X-Name-First: Zdravka Author-X-Name-Last: Todorova Title: The Price of Truth: Gift, Money, and Philosophy Journal: Review of Social Economy Pages: 127-130 Issue: 1 Volume: 71 Year: 2013 Month: 3 X-DOI: 10.1080/00346764.2012.681116 File-URL: http://hdl.handle.net/10.1080/00346764.2012.681116 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:1:p:127-130 Template-Type: ReDIF-Article 1.0 Author-Name: Bret Anderson Author-X-Name-First: Bret Author-X-Name-Last: Anderson Title: Inequality, Development, and Growth Journal: Review of Social Economy Pages: 131-133 Issue: 1 Volume: 71 Year: 2013 Month: 3 X-DOI: 10.1080/00346764.2012.681117 File-URL: http://hdl.handle.net/10.1080/00346764.2012.681117 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:1:p:131-133 Template-Type: ReDIF-Article 1.0 Author-Name: Boudewijn de Bruin Author-X-Name-First: Boudewijn Author-X-Name-Last: de Bruin Author-Name: Wilfred Dolfsma Author-X-Name-First: Wilfred Author-X-Name-Last: Dolfsma Title: Oaths and Codes in Economics and Business—Introducing the Special Issue Journal: Review of Social Economy Pages: 135-139 Issue: 2 Volume: 71 Year: 2013 Month: 6 X-DOI: 10.1080/00346764.2013.801177 File-URL: http://hdl.handle.net/10.1080/00346764.2013.801177 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:2:p:135-139 Template-Type: ReDIF-Article 1.0 Author-Name: John R. Boatright Author-X-Name-First: John R. Author-X-Name-Last: Boatright Title: Swearing to be Virtuous: The Prospects of a Banker's Oath Abstract: In an effort to restore trust in the banking sector, the Advisory Committee on the Future of Banks in the Netherlands made a recommendation, which has since been adopted, that bank executives be required to swear an oath akin to the physician's Hippocratic Oath. This examination of the prospects of the Dutch banker's oath addresses two broad issues. One issue is the efficacy of oaths themselves as instruments for achieving the desired end. A second issue concerns the extent to which this particular oath is a useful guide to ethical banking practice. One conclusion of this study is that it would be difficult for any oath in banking to serve a role that is analogous to the Hippocratic Oath in medicine because of the many dissimilarities involved, most notably the lack in banking of a singular focus on service. Second, the Dutch oath, while admirable in its lofty exhortations, fails to provide a reliable guide through the many difficult judgments that must be made in banking. Journal: Review of Social Economy Pages: 140-165 Issue: 2 Volume: 71 Year: 2013 Month: 6 X-DOI: 10.1080/00346764.2013.800305 File-URL: http://hdl.handle.net/10.1080/00346764.2013.800305 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:2:p:140-165 Template-Type: ReDIF-Article 1.0 Author-Name: George DeMartino Author-X-Name-First: George Author-X-Name-Last: DeMartino Title: Epistemic Aspects of Economic Practice and the Need for Professional Economic Ethics Abstract: This paper explores ethical burdens facing the economics profession which are associated with epistemic features of economic practice. Economists exert power over those they purport to serve by virtue of epistemic asymmetry between themselves and others, i.e., the intellectual monopoly they enjoy over a vitally important body of knowledge. But they also face the problem of epistemic insufficiency, which implies that they may do substantial harm as they try to do good. The paper explores the ethical entailments of the epistemic features of economics, and argues that managing the ethical challenges requires a new field of inquiry, the field of professional economic ethics, and not just a code of conduct. Journal: Review of Social Economy Pages: 166-186 Issue: 2 Volume: 71 Year: 2013 Month: 6 X-DOI: 10.1080/00346764.2013.799967 File-URL: http://hdl.handle.net/10.1080/00346764.2013.799967 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:2:p:166-186 Template-Type: ReDIF-Article 1.0 Author-Name: Vincent Blok Author-X-Name-First: Vincent Author-X-Name-Last: Blok Title: The Power of Speech Acts: Reflections on a Performative Concept of Ethical Oaths in Economics and Business Abstract: Ethical oaths for bankers, economists and managers are increasingly seen as successful instruments to ensure more responsible behaviour. In this article, we reflect on the nature of ethical oaths. Based on John Austin's speech act theory and the work of Emmanuel Levinas, we introduce a performative concept of ethical oaths that is characterised by (1) the existential self-performative of the one I want to be, which is (2) demanded by the public context. Because ethical oaths are (3) structurally threatened by the possibility of infelicity or failure, we stress (4) the behavioural aspect of ethical oaths in economics and business. We conclude that a performative concept of ethical oaths can contribute to more ethical behaviour in economics and business, because the performative involves action and behaviour. At the same time, it becomes clear that a radical new perspective on the nature, function and limitation of oaths is needed. Journal: Review of Social Economy Pages: 187-208 Issue: 2 Volume: 71 Year: 2013 Month: 6 X-DOI: 10.1080/00346764.2013.799965 File-URL: http://hdl.handle.net/10.1080/00346764.2013.799965 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:2:p:187-208 Template-Type: ReDIF-Article 1.0 Author-Name: Bastiaan van der Linden Author-X-Name-First: Bastiaan Author-X-Name-Last: van der Linden Title: Principles as “Rules Of Thumb”: A Particularist Approach to Codes of Ethics and an Analysis of the Dutch Banking Code Abstract: The rise of ethical codes suggests that such codes may enhance ethical behavior. However, research on ethical codes is far from univocally positive about this. Recently, in practical philosophy, particularists have argued against the idea that principles are important for ethics because principles express reasons for or against an action, whereas what is a reason for a certain action in one situation can be a reason against, or no reason at all, in another one. Nevertheless, according to particularists, the case for principles—and thus ethical codes—is not hopeless. Even if principles cannot capture the full complexity of reasons for action, they can help as “rules of thumb” to remember possibly important reasons. This paper develops a particularist approach to codes of ethics, and presents some conclusions about the conditions under which codes of ethics may enhance ethical behavior. An analysis of the Dutch banking code shows the usefulness of a particularist approach. Journal: Review of Social Economy Pages: 209-227 Issue: 2 Volume: 71 Year: 2013 Month: 6 X-DOI: 10.1080/00346764.2013.799966 File-URL: http://hdl.handle.net/10.1080/00346764.2013.799966 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:2:p:209-227 Template-Type: ReDIF-Article 1.0 Author-Name: Thaddeus Metz Author-X-Name-First: Thaddeus Author-X-Name-Last: Metz Title: The Ethics of Swearing: The Implications of Moral Theories for Oath-Breaking in Economic Contexts Abstract: Many readers will share the judgement that, having made an oath, there is something morally worse about consequently performing the immoral action, such as embezzling, that one swore not to do. Why would it be worse? To answer this question, I consider three moral-theoretic accounts of why it is ‘extra’ wrong to violate oaths not to perform wrong actions, with special attention paid to those made in economic contexts. Specifically, I address what the moral theories of utilitarianism, Kantianism and a new communitarian-relational principle entail for the wrongness of oath-breaking. I argue that the former two do not adequately capture why it is extra wrong to perform an immoral action that one swore not to do, but that the latter appeal to a morality of communal relationship offers a promising account. Journal: Review of Social Economy Pages: 228-248 Issue: 2 Volume: 71 Year: 2013 Month: 6 X-DOI: 10.1080/00346764.2013.799968 File-URL: http://hdl.handle.net/10.1080/00346764.2013.799968 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:2:p:228-248 Template-Type: ReDIF-Article 1.0 Author-Name: Mark R. Rutgers Author-X-Name-First: Mark R. Author-X-Name-Last: Rutgers Title: Will the Phoenix Fly Again? Abstract: What kind of phenomenon is a banker's oath? The oath is a warranty added to a promise, and has a complex nature and history that is discussed. Recent research on promising is presented that indicates that there may be a desired effect on both oath taker and on the audience, even if an oath is performed reluctantly or insincerely. Based on a comparison with the oath of office, it is argued that a banker's oath is not just a professional oath sworn to peers, but rather a political oath whereby one swears to the nation. Furthermore, the oath's long history indicates possible strengths and problems with the introduction of a banker's oath. It is concluded that the moral nature of an oath has to be taken into consideration, and that it is not just a tool to try and create trust. Journal: Review of Social Economy Pages: 249-276 Issue: 2 Volume: 71 Year: 2013 Month: 6 X-DOI: 10.1080/00346764.2013.800306 File-URL: http://hdl.handle.net/10.1080/00346764.2013.800306 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:2:p:249-276 Template-Type: ReDIF-Article 1.0 Author-Name: Rodica Ianole Author-X-Name-First: Rodica Author-X-Name-Last: Ianole Title: The Economist's Oath: On the Need for and Content of Professional Economic Ethics. Journal: Review of Social Economy Pages: 277-280 Issue: 2 Volume: 71 Year: 2013 Month: 6 X-DOI: 10.1080/00346764.2013.800307 File-URL: http://hdl.handle.net/10.1080/00346764.2013.800307 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:2:p:277-280 Template-Type: ReDIF-Article 1.0 Author-Name: Shoba Arun Author-X-Name-First: Shoba Author-X-Name-Last: Arun Author-Name: Samuel Kobina Annim Author-X-Name-First: Samuel Kobina Author-X-Name-Last: Annim Author-Name: Thankom Arun Author-X-Name-First: Thankom Author-X-Name-Last: Arun Title: Overcoming Household Shocks: Do Asset-Accumulation Strategies Matter? Abstract: This paper is motivated by the observation that the type and the combination of assets are associated with the likelihood of poor households' experience of shock. Focusing on the case of adivasi households in the south Indian state of Kerala, we find that the type, number and combinations of specific assets (primarily social and physical capital) yield varied magnitudes of association with households' experience of shock, which is a measure of vulnerability. Thus, going beyond mere welfare considerations, social policies that prioritise and sequence the type and combination of asset building based on contextual factors help minimise the incidence of shocks and improve livelihood choices. Journal: Review of Social Economy Pages: 281-305 Issue: 3 Volume: 71 Year: 2013 Month: 9 X-DOI: 10.1080/00346764.2012.761754 File-URL: http://hdl.handle.net/10.1080/00346764.2012.761754 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:3:p:281-305 Template-Type: ReDIF-Article 1.0 Author-Name: Christine Lagoutte Author-X-Name-First: Christine Author-X-Name-Last: Lagoutte Author-Name: Anne Reimat Author-X-Name-First: Anne Author-X-Name-Last: Reimat Title: Public or Private Orientation of Pension Systems in the Light of the Recent Financial Crisis Abstract: This paper studies the appropriateness of a public or private orientation of pension systems in the light of the recent financial crisis, which has underscored the difficulties and contradictions associated with each system. The different institutional arrangements, in which public or private pension systems are embedded, are key components when assessing their responses to the crisis. Particularly, private pension systems are intertwined with financial markets, while social insurance-based pension systems are linked to the labour market mechanisms. This paper compares the British and French pension systems, as "archetypes" of private-oriented and public-oriented systems, respectively, the first relying on the market and private pension schemes, and the second on mandatory social insurance. This paper shows that the crisis has upheld the founding principles of the public (French) and private (British) pension systems to maintain the existing institutional configurations. At the same time, both systems have strengthened the role played by means-tested benefits and minimum pensions for low-income groups to offset the weaknesses of one or the other system, as emphasised by the crisis. Journal: Review of Social Economy Pages: 306-338 Issue: 3 Volume: 71 Year: 2013 Month: 9 X-DOI: 10.1080/00346764.2012.761755 File-URL: http://hdl.handle.net/10.1080/00346764.2012.761755 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:3:p:306-338 Template-Type: ReDIF-Article 1.0 Author-Name: Irene van Staveren Author-X-Name-First: Irene Author-X-Name-Last: van Staveren Title: To Measure is to Know? A Comparative Analysis of Gender Indices Abstract: In this paper, I present a comparative analysis of five cross-country composite gender indices. Although there is a relatively high correlation between the indices, the overlap of underlying indicators is low. Country rankings both at the top and at the bottom have parallels but are quite distinct. The differences are explained in two ways: methodologically and theoretically. The methodological differences concern in particular weights, capping, and aggregation. The Capability Approach helps to explain the different focus of each index by distinguishing between four stages of human development, which include distinct types of indicators. The substantial differences that exist between the gender indices require a cautious selection between these for research and policy analysis. This is shown in a few examples with policy variables. Finally, I present a set of three decision trees, which enables an informed choice between the indices. Journal: Review of Social Economy Pages: 339-372 Issue: 3 Volume: 71 Year: 2013 Month: 9 X-DOI: 10.1080/00346764.2012.707398 File-URL: http://hdl.handle.net/10.1080/00346764.2012.707398 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:3:p:339-372 Template-Type: ReDIF-Article 1.0 Author-Name: Ben Fine Author-X-Name-First: Ben Author-X-Name-Last: Fine Title: Economics: Unfit for Purpose* Abstract: This paper is a shortened and revised version of the Closing Plenary given to the World Congress of the Association of Social Economics, and Cairncross Lecture, University of Glasgow, June 2012. Mainstream economics is seen as unfit for purpose because of deficiencies that have long been criticised by a marginalised heterodoxy. These include the taking out of the historical and social even if bringing them back in on the basis of a technical apparatus and architecture that is sorely inappropriate. These observations are illustrated in passing reference to social capital but are particularly appropriate for understanding the weakness of ethics within mainstream economics. An alternative is offered through taking various "entanglements" (such as facts and values) as critical point of departure, leading to the suggestion that ethical systems are subject to the 10 Cs-Constructed, Construed, Conforming, Commodified, Contextual, Contradictory, Closed, Contested, Collective and Chaotic. Journal: Review of Social Economy Pages: 373-389 Issue: 3 Volume: 71 Year: 2013 Month: 9 X-DOI: 10.1080/00346764.2013.799969 File-URL: http://hdl.handle.net/10.1080/00346764.2013.799969 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:3:p:373-389 Template-Type: ReDIF-Article 1.0 Author-Name: M.G. Hayes Author-X-Name-First: M.G. Author-X-Name-Last: Hayes Title: The Vatican and the International Monetary System Abstract: This paper considers the Note issued by the Pontifical Council for Justice and Peace in 2011 calling for reform of the international financial and monetary systems. Three main themes are identified: (a) the inequality of global economic growth over the last century, (b) the failings of economic liberalism as a guide for the conduct of policy and (c) the need for a degree of transfer of sovereignty from individual states to the global level. This paper articulates the meaning of these themes in economic terms and illustrates the nature of the changes in thought and practice that the Note considers necessary in the interests of the common good. Journal: Review of Social Economy Pages: 390-398 Issue: 3 Volume: 71 Year: 2013 Month: 9 X-DOI: 10.1080/00346764.2012.761759 File-URL: http://hdl.handle.net/10.1080/00346764.2012.761759 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:3:p:390-398 Template-Type: ReDIF-Article 1.0 Author-Name: Halcyon Louis Author-X-Name-First: Halcyon Author-X-Name-Last: Louis Title: Approaches to the Social Economics of Well-Being: A Book Review Essay Journal: Review of Social Economy Pages: 399-405 Issue: 3 Volume: 71 Year: 2013 Month: 9 X-DOI: 10.1080/00346764.2012.761762 File-URL: http://hdl.handle.net/10.1080/00346764.2012.761762 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:3:p:399-405 Template-Type: ReDIF-Article 1.0 Author-Name: Daphne T. Greenwood Author-X-Name-First: Daphne T. Author-X-Name-Last: Greenwood Title: Measuring America: How Economic Growth Came to Define American Greatness in the Late-Twentieth Century Journal: Review of Social Economy Pages: 405-408 Issue: 3 Volume: 71 Year: 2013 Month: 9 X-DOI: 10.1080/00346764.2012.761761 File-URL: http://hdl.handle.net/10.1080/00346764.2012.761761 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:3:p:405-408 Template-Type: ReDIF-Article 1.0 Author-Name: Donald G. Richards Author-X-Name-First: Donald G. Author-X-Name-Last: Richards Title: Economics, Ethics and Thanatology: Lessons from the Ancients Abstract: The normative presuppositions motivating rational choice decision-making based on optimizing objectives amount to a thin account of ethical economic behavior. Ancient thought offers insights that can provide a firmer basis both for personal, individual choice as well as for public policy. After a brief review of Epicurean and Stoic ethical principles, a comparison is made of modern economic and Hellenistic conceptions of rationality and rational behavior. These competing conceptions are then applied to an examination of a contemporary public policy problem, namely health care, particularly as this applies to "end-of-life" issues. The argument concludes that decision-making based on a eudaimonic conception of the good has the potential to provide us with a more efficient health care system as well as one that more satisfactorily addresses the needs of the chronically ill and dying patients who account for a highly disproportionate share of health care expenditures. Journal: Review of Social Economy Pages: 409-426 Issue: 4 Volume: 71 Year: 2013 Month: 12 X-DOI: 10.1080/00346764.2012.761757 File-URL: http://hdl.handle.net/10.1080/00346764.2012.761757 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:4:p:409-426 Template-Type: ReDIF-Article 1.0 Author-Name: Franklin Obeng-Odoom Author-X-Name-First: Franklin Author-X-Name-Last: Obeng-Odoom Title: The Mystery of Capital or the Mystification of Capital? Abstract: In contemporary political economic analyses of development processes, Hernando De Soto's The Mystery of Capital, has been one of the most discussed, albeit controversial, books. Although well received by global development agencies such as the World Bank, a key exponent of De Soto's work, positing that the creation and institutionalisation of individual property in housing and land revives "dead capital" and creates the conditions that will enable the poor to emerge from abject poverty, has been widely criticised. These criticisms show that (1) the thesis is flawed, (2) the flaw is due to implementational problems and (3) the practical implications arising from the thesis are largely neutral and will neither improve nor worsen poverty. Although agreeing with the first criticism, this paper argues that the second critique must be nuanced, and the third is entirely mistaken. Utilising insights from Joseph Schumpeter, Karl Polanyi and Henry George, it makes the case that applying De Soto's ideas through policy would be ineffective in curbing urban poverty, and actually serve to simultaneously entrench and augment it. Moreover, while finding that De Soto's assumption that the poor possess some economic agency is sound and may, indeed, secure socially beneficial outcomes through pursuing innovative and entrepreneurial endeavours, De Soto's conception of such processes remains largely emasculated from broader political economic considerations. Journal: Review of Social Economy Pages: 427-442 Issue: 4 Volume: 71 Year: 2013 Month: 12 X-DOI: 10.1080/00346764.2012.761758 File-URL: http://hdl.handle.net/10.1080/00346764.2012.761758 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:4:p:427-442 Template-Type: ReDIF-Article 1.0 Author-Name: Naranchimeg Mijid Author-X-Name-First: Naranchimeg Author-X-Name-Last: Mijid Author-Name: Alexandra Bernasek Author-X-Name-First: Alexandra Author-X-Name-Last: Bernasek Title: Decomposing Racial and Ethnic Differences in Small Business Lending: Evidence of Discrimination Abstract: In this paper, we use the Blinder-Oaxaca method for nonlinear models to decompose observed differences in credit rationing of small businesses between white- and minority-owned firms in the USA. We utilize a representative dataset of small businesses from the Survey of Small Business Finances between 1987 and 2003. Our results show that minority owners, on average, have about a 24 percentage points higher loan denial rate than white-owned firms and about three quarters of the difference is attributed to discrimination in bank lending. Although the difference in the probability of getting a smaller loan than requested is only 5 percentage points, this difference is almost entirely attributed to discrimination. Journal: Review of Social Economy Pages: 443-473 Issue: 4 Volume: 71 Year: 2013 Month: 12 X-DOI: 10.1080/00346764.2012.761751 File-URL: http://hdl.handle.net/10.1080/00346764.2012.761751 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:4:p:443-473 Template-Type: ReDIF-Article 1.0 Author-Name: Dimitris Pavlopoulos Author-X-Name-First: Dimitris Author-X-Name-Last: Pavlopoulos Title: Starting Your Career With a Fixed-Term Job: Stepping-Stone or "Dead End"? Abstract: This paper uses panel data from the UK and Germany to investigate the difference in the learning effect between workers who enter the labour market with a fixed term and a permanent job. Our results verify the existence of a wage penalty for entering the labour market with a fixed-term contract for the British males (7.1%) and especially for the British females (21.2%). British females also have a very strong learning effect that is especially large for temporary starters. In Germany, the initial wage penalty for temporary starters is smaller than in the UK-4.5% for the males and 3% for the females-and is persistent only for the males. Although initial wage differences are mitigated through the accumulation of skills on the job, this process differs between temporary and permanent starters. This suggests that the type of the starting contract may be a feature of labour market segmentation. Journal: Review of Social Economy Pages: 474-501 Issue: 4 Volume: 71 Year: 2013 Month: 12 X-DOI: 10.1080/00346764.2013.799970 File-URL: http://hdl.handle.net/10.1080/00346764.2013.799970 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:4:p:474-501 Template-Type: ReDIF-Article 1.0 Author-Name: Ivan Boldyrev Author-X-Name-First: Ivan Author-X-Name-Last: Boldyrev Author-Name: Carsten Herrmann-Pillath Author-X-Name-First: Carsten Author-X-Name-Last: Herrmann-Pillath Title: Moral Sentiments, Institutions, and Civil Society: What Can Hegel Contribute to Sen's Theory of Justice? Abstract: In his Idea of Justice, Amartya Sen compares the two basic approaches to evaluating institutions, transcendental institutionalism and realization-focused comparisons. Referring to Adam Smith's Impartial Spectator, he argues in favor of the latter and proposes the principle of open impartiality. However, this cannot solve the tension between universalism and contextualization of values that Sen has inherited from Smith. Based on recent Hegel scholarship, we argue that some of the difficulties can be resolved, considering the role Smith played in the development of Hegel's thinking. Hegel's concept of recognition plays an essential role in establishing the possibility of impartiality both on the level of consciousness and on the level of institutional intersubjectivity. Hegel's critique of Kant's formalist ethics (also considered as transcendental institutionalism by Sen) and his analysis of the civil society in the Philosophy of Right, especially his focus on associations and Estates, can serve as a model for making Sen's focus on public discourse theoretically more concise and pragmatically feasible. Hegel shows that universalistic attitudes can only emerge in specific institutional contexts. Journal: Review of Social Economy Pages: 502-525 Issue: 4 Volume: 71 Year: 2013 Month: 12 X-DOI: 10.1080/00346764.2013.799971 File-URL: http://hdl.handle.net/10.1080/00346764.2013.799971 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:4:p:502-525 Template-Type: ReDIF-Article 1.0 Author-Name: Mark D. White Author-X-Name-First: Mark D. Author-X-Name-Last: White Title: Can We-and Should We-Measure Well-Being? Abstract: In this article, I argue that recent criticisms of happiness research in economics can be extended to any conception of well-being used for scientific or policymaking purposes. These criticisms are both practical and ethical: well-being is not only impossible to define, measure, or implement, but its use also offends human dignity through unjust distribution of harm and value substitution. On this basis, I recommend the abandonment of welfare economics and urge social economists to propose new approaches to addressing social problems that are more focused and respect the dignity of persons. Journal: Review of Social Economy Pages: 526-533 Issue: 4 Volume: 71 Year: 2013 Month: 12 X-DOI: 10.1080/00346764.2013.840432 File-URL: http://hdl.handle.net/10.1080/00346764.2013.840432 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:4:p:526-533 Template-Type: ReDIF-Article 1.0 Author-Name: Mark D. White Author-X-Name-First: Mark D. Author-X-Name-Last: White Title: The Pursuit of a Measure of Happiness Journal: Review of Social Economy Pages: 534-539 Issue: 4 Volume: 71 Year: 2013 Month: 12 X-DOI: 10.1080/00346764.2012.761760 File-URL: http://hdl.handle.net/10.1080/00346764.2012.761760 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:4:p:534-539 Template-Type: ReDIF-Article 1.0 Author-Name: Stefano Solari Author-X-Name-First: Stefano Author-X-Name-Last: Solari Title: Kantian Ethics and Economics: Autonomy, Dignity, and Character Journal: Review of Social Economy Pages: 540-543 Issue: 4 Volume: 71 Year: 2013 Month: 12 X-DOI: 10.1080/00346764.2012.707453 File-URL: http://hdl.handle.net/10.1080/00346764.2012.707453 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:4:p:540-543 Template-Type: ReDIF-Article 1.0 Author-Name: B�atrice Boulu-Reshef Author-X-Name-First: B�atrice Author-X-Name-Last: Boulu-Reshef Title: Individuals and Identity in Economics Journal: Review of Social Economy Pages: 543-546 Issue: 4 Volume: 71 Year: 2013 Month: 12 X-DOI: 10.1080/00346764.2013.846104 File-URL: http://hdl.handle.net/10.1080/00346764.2013.846104 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:4:p:543-546 Template-Type: ReDIF-Article 1.0 Author-Name: Alexander Ebner Author-X-Name-First: Alexander Author-X-Name-Last: Ebner Title: Durkheim and the Birth of Economic Sociology Journal: Review of Social Economy Pages: 546-550 Issue: 4 Volume: 71 Year: 2013 Month: 12 X-DOI: 10.1080/00346764.2013.846103 File-URL: http://hdl.handle.net/10.1080/00346764.2013.846103 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:71:y:2013:i:4:p:546-550 Template-Type: ReDIF-Article 1.0 Author-Name: Ramzi Mabsout Author-X-Name-First: Ramzi Author-X-Name-Last: Mabsout Title: Bringing Ethics Back to Welfare Economics Abstract: Economists do not agree on the nature of welfare economics: is it normative or positive analysis? To overcome this disagreement and bridge the gap between the two views, the argument developed here takes two steps. The first identifies the metaethical positions of those for and those against the moral normativity of welfare economics. Metaethical positions differ on the ontology and ultimate legitimacy of morality. What appears in ethical terms as confusion can, in metaethical terms, be an attempt to arrive at an intellectually consistent position. A more constructive and less polarizing discussion on the aims and scope of welfare economics is expected once metaethical differences are accounted for. In the second step, ethical realism is introduced as a metaethical stance that views morality not in terms of subjective desires or preferences but as truth-apt claims. It is suggested that understanding the moral normativity of welfare economics in terms of ethical realism presents an opportunity to break the deadlock that halted its progress. Journal: Review of Social Economy Pages: 1-27 Issue: 1 Volume: 72 Year: 2014 Month: 3 X-DOI: 10.1080/00346764.2013.806109 File-URL: http://hdl.handle.net/10.1080/00346764.2013.806109 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:1:p:1-27 Template-Type: ReDIF-Article 1.0 Author-Name: Samuel Cameron Author-X-Name-First: Samuel Author-X-Name-Last: Cameron Title: Killing for Money and the Economic Theory of Crime Abstract: There is a large literature on the economics of crime and punishment, yet surprisingly little attention is paid to the receipt of money for crime. "Contract killing" is surprisingly neglected not only by economists but also by social scientists in general. In this paper, I look at the case not of professional gangster "hitmen" but of individuals who have found themselves in a position where they wish to have a killing carried out. This discussion does not condone the practice any more than an economic analysis of suicide is an inducement to individuals to kill themselves. To the lay reader, the cases where an individual feels the need to pay for killing may seem to be such that rationality is not a likely form of behaviour. However, the economics of crime has adopted the use of the rationality postulate as a heuristic for all types of crime. Journal: Review of Social Economy Pages: 28-41 Issue: 1 Volume: 72 Year: 2014 Month: 3 X-DOI: 10.1080/00346764.2013.845336 File-URL: http://hdl.handle.net/10.1080/00346764.2013.845336 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:1:p:28-41 Template-Type: ReDIF-Article 1.0 Author-Name: Killian J. McCarthy Author-X-Name-First: Killian J. Author-X-Name-Last: McCarthy Author-Name: Wilfred Dolfsma Author-X-Name-First: Wilfred Author-X-Name-Last: Dolfsma Title: Neutral Media? Evidence of Media Bias and its Economic Impact Abstract: Three major surveys of professional journalists, in 1976, 1986, and 1996, suggest that the vast majority consider themselves to be neutral, objective, and balanced observers, whose role is merely to provide information. But how neutral is the media, in terms of its orientation and effects on the behavior of the markets? In this paper, we unite a number of literatures to suggest that by choosing what event to report, how much and how frequent to report an event, and by choosing what descriptive tone to adopt in their coverage, the media has a non-neutral impact on the economy. We report evidence to suggest that: (1) the media helps set the public agenda, by promoting certain events and causes, for better or for worse; (2) the media influence the public's perception of risk, by disproportionately sensationalizing risk and by emphasizing probable negative consequences over probably positive ones; (3) the media influences elections and their outcomes; (4) the media influences the public's perception of the manager, the reputation of the firm, and the goods that the firm produces; (5) the media shapes consumer sentiment and the consumers' willingness to spend; and (6) the media shapes business sentiment and influences both firm- and market-level behavior. In doing so, we demonstrate conclusively that the media is not neutral: the media alters the public's perception of reality. In other words, we suggest not only that the media reports the news, but also shapes the world in which we live. Journal: Review of Social Economy Pages: 42-54 Issue: 1 Volume: 72 Year: 2014 Month: 3 X-DOI: 10.1080/00346764.2013.806110 File-URL: http://hdl.handle.net/10.1080/00346764.2013.806110 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:1:p:42-54 Template-Type: ReDIF-Article 1.0 Author-Name: Luigino Bruni Author-X-Name-First: Luigino Author-X-Name-Last: Bruni Author-Name: Fabrizio Panebianco Author-X-Name-First: Fabrizio Author-X-Name-Last: Panebianco Author-Name: Alessandra Smerilli Author-X-Name-First: Alessandra Author-X-Name-Last: Smerilli Title: Beyond Carrots and Sticks: How Cooperation and Its Rewards Evolve Together Abstract: This paper is based on the intuition of Dragonetti, an old Neapolitan economist, which argues that a society experiences economic and civic development if agents promote values and virtues, more than solely rely on punishments stated by law. We thus study the evolution of cooperative behaviors using a mechanism of endogenous social rewards for cooperation (SRC). These additional (material) rewards depend on the recognition that the society-each agent in the society-gives to cooperative strategies. We formalize it with a cultural evolution model in which the payoff matrix and the population shares coevolve. We find that this endogenous mechanism can produce a large variety of long-run situations (victory of cooperators, of non-cooperators or, finally, their coexistence) depending on the social features. Moreover, we analyze the differences between SRC and exogenous punishment, changes in cooperation costs or changes in repetition of interactions and we disentangle their respective contributions. Journal: Review of Social Economy Pages: 55-82 Issue: 1 Volume: 72 Year: 2014 Month: 3 X-DOI: 10.1080/00346764.2014.884388 File-URL: http://hdl.handle.net/10.1080/00346764.2014.884388 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:1:p:55-82 Template-Type: ReDIF-Article 1.0 Author-Name: Petrik Runst Author-X-Name-First: Petrik Author-X-Name-Last: Runst Title: Popular Attitudes Toward Market Economic Principles and Institutional Reform in Transition Economies Abstract: Transition countries display generally low levels of public support for market economic principles during the 1990s-but more successful countries display more support than less successful countries. The attitude difference is not just the result of transition speed or success. Rather, the data suggest that the varying levels of public support toward market economic principles existed initially and are a cause of the distinct transition trajectories. Different historical legacies affected popular attitudes long before the watershed moment of 1990. Journal: Review of Social Economy Pages: 83-115 Issue: 1 Volume: 72 Year: 2014 Month: 3 X-DOI: 10.1080/00346764.2013.845337 File-URL: http://hdl.handle.net/10.1080/00346764.2013.845337 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:1:p:83-115 Template-Type: ReDIF-Article 1.0 Author-Name: Ron Nahser Author-X-Name-First: Ron Author-X-Name-Last: Nahser Title: Social Economic Perspectives: An Interdisciplinary Review Journal: Review of Social Economy Pages: 116-127 Issue: 1 Volume: 72 Year: 2014 Month: 3 X-DOI: 10.1080/00346764.2013.845339 File-URL: http://hdl.handle.net/10.1080/00346764.2013.845339 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:1:p:116-127 Template-Type: ReDIF-Article 1.0 Author-Name: Steven McMullen Author-X-Name-First: Steven Author-X-Name-Last: McMullen Title: Examining the Place of Ethics in Economics: A Review Journal: Review of Social Economy Pages: 127-135 Issue: 1 Volume: 72 Year: 2014 Month: 3 X-DOI: 10.1080/00346764.2013.845338 File-URL: http://hdl.handle.net/10.1080/00346764.2013.845338 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:1:p:127-135 Template-Type: ReDIF-Article 1.0 Author-Name: Chiara Calabrese Author-X-Name-First: Chiara Author-X-Name-Last: Calabrese Author-Name: Stefan Mann Author-X-Name-First: Stefan Author-X-Name-Last: Mann Author-Name: Michel Dumondel Author-X-Name-First: Michel Author-X-Name-Last: Dumondel Title: Alpine Farming in Switzerland: Discerning a Lifestyle-Driven Labor Supply Abstract: This paper deals with the labor supply for alpine farming-a sector in which employees obtain at best seasonal employment and work extremely long hours for very little pay, but nevertheless often return year after year. Based on data obtained from 120 interviews carried out in 2011, we implemented a logistic regression model to discover which factors influence an employee's decision to return to an alpine summer pasture. Results are presented quantitatively, and their interpretation is also supported by a qualitative approach. Our findings indicate that occupational choice in this region is mainly driven by motivational values and quality of infrastructure, with pecuniary benefits playing a marginal role. Journal: Review of Social Economy Pages: 137-156 Issue: 2 Volume: 72 Year: 2014 Month: 6 X-DOI: 10.1080/00346764.2013.845334 File-URL: http://hdl.handle.net/10.1080/00346764.2013.845334 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:2:p:137-156 Template-Type: ReDIF-Article 1.0 Author-Name: Peter-Wim Zuidhof Author-X-Name-First: Peter-Wim Author-X-Name-Last: Zuidhof Title: Thinking Like an Economist: The Neoliberal Politics of the Economics Textbook Abstract: This article surveys 10 introductory economics textbooks to examine whether and how economics contributed to the rise of neoliberalism. It defines neoliberalism as a political rationality characterized by market constructivism. In contrast with conventional liberal approaches that view limited government as legitimized by the failure of naturalist markets, neoliberalism constructs the market as norm and means of government. Economics textbooks overall have a liberal outlook, as exemplified by Samuelson's classic, however, with three liberal subgenres: the imperfect market view, the free market view, and an institutionalist view. While the introductory textbook cannot be construed as an instruction manual for neoliberalism, the article nevertheless identifies two important neoliberal moments: the discussion of market-based forms of government and the rise of a new genre of principles textbook that urges students to "think like an economist." The article concludes with novel insights on how economics may have contributed to the spread of neoliberalism. Journal: Review of Social Economy Pages: 157-185 Issue: 2 Volume: 72 Year: 2014 Month: 6 X-DOI: 10.1080/00346764.2013.872952 File-URL: http://hdl.handle.net/10.1080/00346764.2013.872952 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:2:p:157-185 Template-Type: ReDIF-Article 1.0 Author-Name: John H. Beck Author-X-Name-First: John H. Author-X-Name-Last: Beck Author-Name: Donald D. Hackney Author-X-Name-First: Donald D. Author-X-Name-Last: Hackney Author-Name: John Hackney Author-X-Name-First: John Author-X-Name-Last: Hackney Author-Name: Matthew Q. McPherson Author-X-Name-First: Matthew Q. Author-X-Name-Last: McPherson Title: Regional Differences in Chapter 13 Filings: Southern Legal Culture or Religion? Abstract: Chapter 7 is designed for debtors who do not have the ability to pay their existing debts and many times leads to a legal release of most debt. Chapter 13 is designed for debtors who have the ability to pay all or part of their debts in installments over a period of time. Bankruptcy research finds that the southern region of the USA has a significantly higher portion of Chapter 13 filings than the rest of the country, unexplainable by quantifiable demographic, legal, or economic differences. Our results suggest that religion is the driving force behind the abnormally high Chapter 13 filings in the southern USA. Journal: Review of Social Economy Pages: 186-208 Issue: 2 Volume: 72 Year: 2014 Month: 6 X-DOI: 10.1080/00346764.2013.861644 File-URL: http://hdl.handle.net/10.1080/00346764.2013.861644 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:2:p:186-208 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew Samuel Author-X-Name-First: Andrew Author-X-Name-Last: Samuel Author-Name: Fred W. Derrick Author-X-Name-First: Fred W. Author-X-Name-Last: Derrick Author-Name: Charles Scott Author-X-Name-First: Charles Author-X-Name-Last: Scott Title: "Fair Trade," Market Failures, and (the Absence of) Institutions Abstract: This paper presents an analysis of Fair Trade using a general equilibrium model of an economy where externalities are present and where the institutional or legal framework needed to regulate these externalities may be weak. Weak institutions and externalities are common in the developing world, where Fair Trade is targeted, making perfect competition models inappropriate measures of the value of Fair Trade. Members of Fair Trade cooperatives are required to adopt sustainable production methods, and not employ other socially harmful practices such as child-labor. Thus, Fair Trade organizations can serve as a complement to the existing weak institutions in the economy, creating incentives for entrepreneurs to move from the informal to the formal sector. Specifically, the analysis confirms that in many cases an increase in the Fair Trade premium can reduce the overall level of harmful activities, even from those producers who are not Fair Trade certified, and thereby raise welfare. Journal: Review of Social Economy Pages: 209-232 Issue: 2 Volume: 72 Year: 2014 Month: 6 X-DOI: 10.1080/00346764.2014.882705 File-URL: http://hdl.handle.net/10.1080/00346764.2014.882705 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:2:p:209-232 Template-Type: ReDIF-Article 1.0 Author-Name: Wesley Widmaier Author-X-Name-First: Wesley Author-X-Name-Last: Widmaier Title: From Bretton Woods to the Global Financial Crisis: Popular Politics, Paradigmatic Debates, and the Construction of Crises Abstract: How do popular values shape constructions of crises and paradigmatic debates? In this paper, I offer a constructivist framework highlighting the popular bases of paradigmatic ideas and policy interests. In historical terms, I then trace the evolution of values, ideas, and polic]ies across three crises-the Bretton Woods-era inflation and currency crises of the 1960s, the South Korean and Long Term Capital Management crises of the 1990s, and the global financial crisis. In concluding, I stress implications for tensions not only between intellectuals and populists, but also among populists themselves-as in the affective divides between Tea Party and Occupy movements. Journal: Review of Social Economy Pages: 233-252 Issue: 2 Volume: 72 Year: 2014 Month: 6 X-DOI: 10.1080/00346764.2014.912389 File-URL: http://hdl.handle.net/10.1080/00346764.2014.912389 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:2:p:233-252 Template-Type: ReDIF-Article 1.0 Author-Name: Stefano Solari Author-X-Name-First: Stefano Author-X-Name-Last: Solari Title: Exchange Entitlement Mapping: Theory and Evidence Journal: Review of Social Economy Pages: 253-256 Issue: 2 Volume: 72 Year: 2014 Month: 6 X-DOI: 10.1080/00346764.2013.799972 File-URL: http://hdl.handle.net/10.1080/00346764.2013.799972 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:2:p:253-256 Template-Type: ReDIF-Article 1.0 Author-Name: Valentin Cojanu Author-X-Name-First: Valentin Author-X-Name-Last: Cojanu Title: International Economics: A Heterodox Approach Journal: Review of Social Economy Pages: 256-260 Issue: 2 Volume: 72 Year: 2014 Month: 6 X-DOI: 10.1080/00346764.2013.845340 File-URL: http://hdl.handle.net/10.1080/00346764.2013.845340 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:2:p:256-260 Template-Type: ReDIF-Article 1.0 Author-Name: Philippe Batifoulier Author-X-Name-First: Philippe Author-X-Name-Last: Batifoulier Author-Name: Nicolas Da Silva Author-X-Name-First: Nicolas Author-X-Name-Last: Da Silva Title: Medical Altruism in Mainstream Health Economics: Theoretical and Political Paradoxes Abstract: In the field of healthcare, ethical considerations are omnipresent. The problem is that it is not clear how to introduce professional ethics within the frontiers demarcated by economic rationality. In mainstream economics, medical altruism is defined as the inclusion of the patient's welfare in the doctor's utility function. This definition presents two serious problems that we develop in this paper. The first problem is that mainstream theory does not propose a model of authentic altruism because it reduces otherness to a source of utility like any other. The second problem is that ethical and altruistic (instrumental or otherwise) behaviour should not be conflated. By reducing ethics to altruism, mainstream theory prevents any genuine discussion of medical ethics. Then, the thesis of the paper is that the attempt to introduce altruism into the standard framework creates theoretical paradoxes that create policy dilemmas. Journal: Review of Social Economy Pages: 261-279 Issue: 3 Volume: 72 Year: 2014 Month: 9 X-DOI: 10.1080/00346764.2014.927727 File-URL: http://hdl.handle.net/10.1080/00346764.2014.927727 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:3:p:261-279 Template-Type: ReDIF-Article 1.0 Author-Name: Michael H�bler Author-X-Name-First: Michael Author-X-Name-Last: H�bler Title: Internalizing the Social Costs of a Small Number of Powerful, Overindebted Firms Abstract: Extraordinary debt-to-capital ratios (leverage) and the compression of markets to very few, large companies (concentration) are economic risk factors. They have contributed to vast social costs during the current economic crisis in the USA and in Europe. This theoretical study internalizes these social costs via two market-based policy instruments for the first time in a real-economy Dixit-Stiglitz framework: a tax on firms' debt capital use and a subsidy for market entrants. It helps understand the complex real-economic mechanisms that these policy instruments cause, it derives intuitive rules of thumb for setting the tax rate and the subsidy level so that they elevate welfare, and it suggests ways to practically implement the policies. Journal: Review of Social Economy Pages: 280-310 Issue: 3 Volume: 72 Year: 2014 Month: 9 X-DOI: 10.1080/00346764.2014.912390 File-URL: http://hdl.handle.net/10.1080/00346764.2014.912390 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:3:p:280-310 Template-Type: ReDIF-Article 1.0 Author-Name: Fu-Min Tseng Author-X-Name-First: Fu-Min Author-X-Name-Last: Tseng Author-Name: Dennis James Petrie Author-X-Name-First: Dennis James Author-X-Name-Last: Petrie Title: The Implications for Health, Depression, and Life Satisfaction from a Permanent Increase in Income for the Disadvantaged Elderly: Evidence from Taiwan Abstract: This paper uses an exogenous increase in income for a specific subgroup to explore the extent to which higher income leads to higher levels of health and well-being. In 1995, the Taiwanese government implemented the Senior Farmer Welfare Benefit Interim Regulation (SFWBIR) that was a pure cash injection to senior farmers. A difference-in-differences (DiD) approach is used on survey data from the Taiwanese Health and Living Status of Elderly in 1989 and 1996 to evaluate the short-term effect of the SFWBIR on self-assessed health, depression, and life satisfaction (LS). Senior manufacturing workers are employed as a comparison group for senior farmers in the natural experiment. This paper provides evidence that the increase in income caused by this pension reform significantly improved the mental health of senior farmers by reducing 1.697 points of the depression scale in DiD and 2.178 points in the robust estimation; however, it had no significant short-term impact on self-assessed health or LS. Journal: Review of Social Economy Pages: 311-336 Issue: 3 Volume: 72 Year: 2014 Month: 9 X-DOI: 10.1080/00346764.2014.927725 File-URL: http://hdl.handle.net/10.1080/00346764.2014.927725 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:3:p:311-336 Template-Type: ReDIF-Article 1.0 Author-Name: Mary V. Wrenn Author-X-Name-First: Mary V. Author-X-Name-Last: Wrenn Title: The Social Ontology of Fear and Neoliberalism Abstract: Fear is a primal instinct; it is a survival mechanism the evolution of which allowed the early humans, indeed all species to adapt, evolve, and survive. When humans moved into settled communities with more advanced means of production, the nature of fear-much like the nature of social relationships-changed. Once the means of social reproduction were secured, fear became less necessary as a survival instinct and more useful as a heuristic device. Fear evolved. Fear cannot be characterized solely as a socially constructed phenomenon, nor as the instinctual response to personally felt traumas. The growth and nature of fear must be studied as a process that develops under its own inertia, feeding off its antecedent past, and as a phenomenon that is shaped by and in turn shapes its institutional setting. Fear should be understood as both structurally determined and socially transformative. This research seeks to examine the ontology of fear, specifically as it relates to neoliberalism. Journal: Review of Social Economy Pages: 337-353 Issue: 3 Volume: 72 Year: 2014 Month: 9 X-DOI: 10.1080/00346764.2014.927726 File-URL: http://hdl.handle.net/10.1080/00346764.2014.927726 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:3:p:337-353 Template-Type: ReDIF-Article 1.0 Author-Name: Luca Andriani Author-X-Name-First: Luca Author-X-Name-Last: Andriani Title: Is Acting Prosocially Beneficial for the Credit Market? Abstract: This article argues that behaving prosocially reduces regional finance differentials in terms of interest and insolvency rates. This is because prosociality implies more transparent information and cooperation among the parties engaged in a financial contract. The context of study is Italy, well known for its regional economic and financial disparities. The analysis is developed through a cross-regional two period panel model during the years 1998 and 2003. Empirical evidence shows that regions with a higher proportion of prosocial individuals report lower interest and insolvency rates. When legal enforcement is included in the specified model, evidence suggests that more efficient third-party enforcement can transmit a stronger sense of legal abidance and facilitate the internalisation of social norms of cooperation. Journal: Review of Social Economy Pages: 354-378 Issue: 3 Volume: 72 Year: 2014 Month: 9 X-DOI: 10.1080/00346764.2014.927724 File-URL: http://hdl.handle.net/10.1080/00346764.2014.927724 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:3:p:354-378 Template-Type: ReDIF-Article 1.0 Author-Name: Derek Messacar Author-X-Name-First: Derek Author-X-Name-Last: Messacar Title: Persistent Unemployment and the Generosity of Welfare States Abstract: Generous unemployment benefits are a conventional explanation of the high rates of unemployment in many OECD countries. However, this perception has been challenged on the basis that cross-national evidence comes only from regression analyses of unemployment on the OECD's gross replacement rate but that results are not robust to improved, multidimensional measures of generosity. In this article, I conduct a detailed empirical analysis of how social welfare programs affect unemployment in 17 OECD countries, from 1975 to 2000, using a detailed concept of labor "decommodification" to make cross-national comparisons of generosity. The results show that unemployment benefits remain an important, robust determinant of unemployment even when the new measure is used. Journal: Review of Social Economy Pages: 379-415 Issue: 3 Volume: 72 Year: 2014 Month: 9 X-DOI: 10.1080/00346764.2014.927723 File-URL: http://hdl.handle.net/10.1080/00346764.2014.927723 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:3:p:379-415 Template-Type: ReDIF-Article 1.0 Author-Name: Jonathan B. Wight Author-X-Name-First: Jonathan B. Author-X-Name-Last: Wight Title: Economics within a Pluralist Ethical Tradition Abstract: Ethical pluralism is the recognition that multiple ethical frameworks operate in social settings to solve problems of moral hazard. In particular, non-consequentialist considerations of duty and virtue operate to restrain self-interest and lower transaction costs in exchange, such as when asymmetric information exists. Positive economics has tended to rely exclusively on a behavioral model that assumes utility maximization, but this approach fails to give credit to the neglected foundations of duty and virtue. Consequences, duties, and virtues all play a role in sustaining businesses, for example, and in promoting the search for truth within the economic research community. Normative welfare economics can also benefit from understanding vertical and horizontal pluralism. Journal: Review of Social Economy Pages: 417-435 Issue: 4 Volume: 72 Year: 2014 Month: 10 X-DOI: 10.1080/00346764.2014.960661 File-URL: http://hdl.handle.net/10.1080/00346764.2014.960661 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:4:p:417-435 Template-Type: ReDIF-Article 1.0 Author-Name: Marianne Johnson Author-X-Name-First: Marianne Author-X-Name-Last: Johnson Author-Name: Denise Robson Author-X-Name-First: Denise Author-X-Name-Last: Robson Author-Name: Sarinda Taengnoi Author-X-Name-First: Sarinda Author-X-Name-Last: Taengnoi Title: A Meta-analysis of the Gender Gap in Performance in Collegiate Economics Courses Abstract: The conventional wisdom has been that men outperform otherwise equivalent women in collegiate economics courses. Recent work in science, technology, engineering, and mathematics (STEM) fields documenting gains by women suggests that it is time to reevaluate the gender performance gap in economics. Surveying 68 studies containing 235 distinct regressions published since 1980, we find that 68.4% of regressions report men outperform women, though this is only statistically significant in 30.7% of regressions. Although the literature points to numerous reasons for this gap, our focus is on the effects of study design and the impact of broad socio-cultural changes over time. Using meta-regression analysis, we find that the likelihood of observing a statistically significant gap has declined noticeably, by almost 3% annually. Although the drop may not be as large as in some STEM fields, the result is highly robust to the specification of the time trend and the model. Journal: Review of Social Economy Pages: 436-459 Issue: 4 Volume: 72 Year: 2014 Month: 10 X-DOI: 10.1080/00346764.2014.958902 File-URL: http://hdl.handle.net/10.1080/00346764.2014.958902 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:4:p:436-459 Template-Type: ReDIF-Article 1.0 Author-Name: Ai-Thu Dang Author-X-Name-First: Ai-Thu Author-X-Name-Last: Dang Title: Amartya Sen's Capability Approach: A Framework for Well-Being Evaluation and Policy Analysis? Abstract: The aim of this paper is twofold: first, we discuss the main conceptual and methodological issues related to the operationalization of Amartya Sen's capability approach. Second, we review quantitative applications of the capability approach in different domains to examine how methodological and empirical challenges are addressed. The use of the capability approach implies a broadening of the "informational basis of judgments" and thereby leads to conclusions that differ from those drawn using standard economic approaches. Journal: Review of Social Economy Pages: 460-484 Issue: 4 Volume: 72 Year: 2014 Month: 10 X-DOI: 10.1080/00346764.2014.958903 File-URL: http://hdl.handle.net/10.1080/00346764.2014.958903 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:4:p:460-484 Template-Type: ReDIF-Article 1.0 Author-Name: Berhanu Nega Author-X-Name-First: Berhanu Author-X-Name-Last: Nega Author-Name: Geoffrey Schneider Author-X-Name-First: Geoffrey Author-X-Name-Last: Schneider Title: NGOs, the State, and Development in Africa Abstract: This paper discusses the impact of the rise of non-governmental organizations (NGOs) and social entrepreneurs on economic development, with a special focus on how they have been used in Africa. The paper describes the decline of the state and the rise of NGOs as a force in economic development under neoliberalism. We then turn to two of the major problems with the roll-back of the state in Africa: the inherent weaknesses of nonstate actors in the development process, and the significant cost that is incurred by undermining the role of state. The paper concludes by suggesting the necessity of reinserting the state as the major vehicle for economic development, albeit in productive partnership with NGOs and social entrepreneurs. Journal: Review of Social Economy Pages: 485-503 Issue: 4 Volume: 72 Year: 2014 Month: 10 X-DOI: 10.1080/00346764.2014.958901 File-URL: http://hdl.handle.net/10.1080/00346764.2014.958901 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:4:p:485-503 Template-Type: ReDIF-Article 1.0 Author-Name: Stefano Solari Author-X-Name-First: Stefano Author-X-Name-Last: Solari Author-Name: Francesca Gambarotto Author-X-Name-First: Francesca Author-X-Name-Last: Gambarotto Title: Territorial Rooting as an Element of Well-Being Abstract: The paper discusses the relevance of the idea of rooting as proposed by Simone Weil and builds a social economic framework to study its role in our life. Rooting is connected to the need of belonging and to have an identity. These elements are identified in some different areas of research-social psychology and social economy-to analyze how this need of the person is taken into account. Then, a theoretical framework to study rooting is presented developing the concept of plural utility and capabilities. The end is to discuss one of the neglected dimensions of human needs in the context of modern society. Finally, some conclusion concerning both individual choices related to rooting and well-being will be proposed. Journal: Review of Social Economy Pages: 504-522 Issue: 4 Volume: 72 Year: 2014 Month: 10 X-DOI: 10.1080/00346764.2014.958899 File-URL: http://hdl.handle.net/10.1080/00346764.2014.958899 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:4:p:504-522 Template-Type: ReDIF-Article 1.0 Author-Name: Matthias Opfinger Author-X-Name-First: Matthias Author-X-Name-Last: Opfinger Title: Two Sides of a Medal: the Changing Relationship between Religious Diversity and Religiosity Abstract: Religious Market Theory assigns basic market principles to the market for religion. The derived supply-side model proposes that religiosity is higher on a competitive market, characterized by high religious diversity. Churches will provide higher quality goods compared to monopolistic churches. The demand-side model, originating from the Secularization Hypothesis, suggests that the establishment of new churches casts doubt on the existing religion, which reduces overall religiosity. I find a negative linear relationship between religious diversity and religiosity which supports the demand-side model. However, high levels of income and democracy mitigate this effect. For high levels of education and immigration, the relationship even turns to positive. The demand-side model seems to dominate in less-developed countries. This effect appears to vanish in the most industrialized countries. Journal: Review of Social Economy Pages: 523-548 Issue: 4 Volume: 72 Year: 2014 Month: 10 X-DOI: 10.1080/00346764.2014.958900 File-URL: http://hdl.handle.net/10.1080/00346764.2014.958900 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:72:y:2014:i:4:p:523-548 Template-Type: ReDIF-Article 1.0 Author-Name: B�atrice Boulu-Reshef Author-X-Name-First: B�atrice Author-X-Name-Last: Boulu-Reshef Title: Toward a Personal Identity Argument to Combine Potentially Conflicting Social Identities Abstract: Despite the boom in research on identity in economics, the question of how to depict personal identity in a fashion that combines potentially conflicting social identities has so far been largely ignored. This paper introduces a framework that relies on the structure of the social realm that is exogenous to the individual in order to depict investment decisions as per social identities. The structure of the environment is identified using organizational boundaries and identity production functions are used to combine social identities. The inclusion of the various social spaces that are relevant to personal identity strategies enables one to simultaneously study identification strategies and individuation strategies. It also allows the depiction of social identities that may be conflicting, due to different social commitments and/or norm valuations. This externalist conception of identity helps discuss the limitations of internalist conceptions of identity and accounts for the heterogeneity of identity strategies across individuals. Journal: Review of Social Economy Pages: 1-18 Issue: 1 Volume: 73 Year: 2015 Month: 3 X-DOI: 10.1080/00346764.2014.990745 File-URL: http://hdl.handle.net/10.1080/00346764.2014.990745 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:1:p:1-18 Template-Type: ReDIF-Article 1.0 Author-Name: Giuseppina Autiero Author-X-Name-First: Giuseppina Author-X-Name-Last: Autiero Title: Social and Personal Identities: Their Influence on Scholastic Effort Abstract: When analysing the influence of identity on the motivations of scholastic effort, it is crucial to consider both social and personal identities. A child's social identity can be shaped by family background through the transmission of parental values vis-�-vis educational aspirations and achievements. As to personal identity, children may show a different locus of control over the successes and failures of their scholastic effort. In this paper, I develop an in-depth analysis of these aspects of social and personal identities and the nature of their interaction, and consider their influence on a child's effort in school through a theoretical model. Overall, the results from the model show that a (non-)pro-school social identity influenced by family background and locus of control along with their antagonistic or complementary interaction play a key role in determining children's scholastic effort by influencing their motivations. Journal: Review of Social Economy Pages: 19-33 Issue: 1 Volume: 73 Year: 2015 Month: 3 X-DOI: 10.1080/00346764.2014.986968 File-URL: http://hdl.handle.net/10.1080/00346764.2014.986968 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:1:p:19-33 Template-Type: ReDIF-Article 1.0 Author-Name: David Cooper Author-X-Name-First: David Author-X-Name-Last: Cooper Author-Name: W.D. McCausland Author-X-Name-First: W.D. Author-X-Name-Last: McCausland Author-Name: Ioannis Theodossiou Author-X-Name-First: Ioannis Author-X-Name-Last: Theodossiou Title: Is unemployment and low income harmful to health? Evidence from Britain Abstract: This study investigates how unemployment and income influence the length of time an individual remains in good health. This is a complex relationship since unemployment or low income deteriorates health but poor health can become a barrier to obtaining higher income or gaining re-employment. Data are from the British Household Panel Survey, using two measures of physical health: an index of mobility problems and a measure of self-assessed health. The results show that unemployment, low income and poor education adversely affect the time that people remain in good health. These results have important implications for public policy, particularly in an age of austerity when social protection mechanisms are under threat. In fact, the results suggest that to improve health and reduce health inequality, more investment needs to be directed at policies that enhance labour force participation, improve education and reduce income inequality. Journal: Review of Social Economy Pages: 34-60 Issue: 1 Volume: 73 Year: 2015 Month: 3 X-DOI: 10.1080/00346764.2014.986969 File-URL: http://hdl.handle.net/10.1080/00346764.2014.986969 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:1:p:34-60 Template-Type: ReDIF-Article 1.0 Author-Name: Natalya Shelkova Author-X-Name-First: Natalya Author-X-Name-Last: Shelkova Title: Low-Wage Labor Markets and the Power of Suggestion Abstract: The paper argues that a non-binding minimum wage may serve as a focal point which facilities tacit collusion by low-wage employers, effectively pulling down wages of the lowest-paid workers. This can explain the puzzle as to why the minimum wage does not reduce employment, as predicted by the traditional economic theory. A simple game-theoretic argument explains when collusion emerges. The hypothesis is tested using the 1990-2002 CPS data on service occupation workers. The results suggest that during this period, on average 19.3%, and as much as 31% of service occupation workers, who earned minimum wage or less, could had been affected by collusive wage-setting. Journal: Review of Social Economy Pages: 61-88 Issue: 1 Volume: 73 Year: 2015 Month: 3 X-DOI: 10.1080/00346764.2014.960662 File-URL: http://hdl.handle.net/10.1080/00346764.2014.960662 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:1:p:61-88 Template-Type: ReDIF-Article 1.0 Author-Name: Alexander Antony Dunlap Author-X-Name-First: Alexander Antony Author-X-Name-Last: Dunlap Title: The Expanding Techniques of Progress: Agricultural Biotechnology and UN-REDD+ Abstract: This paper provides a comparative analysis of agricultural biotechnology and the United Nations program for reduced emissions from deforestation and forest degradation (REDD). Despite the existing differences between the technical manipulation of biological systems and a conservation program aimed at reducing carbon and protecting forests, the two share commonalities in ideological origin, application, and values. Presented as positive developments, both seek to address large-scale issues such as global hunger and climate change, but while receiving national and international support they remain controversial issues. Both issues are critically assessed, beginning with a brief history, followed by the application of William Dugger's four invaluation processes: contamination, subordination, emulation, and mystification. This approach unravels the subtle social power of state and market forces that seek to control genetic material and forest frontiers as new outlets for growth and investment. Journal: Review of Social Economy Pages: 89-112 Issue: 1 Volume: 73 Year: 2015 Month: 3 X-DOI: 10.1080/00346764.2014.988053 File-URL: http://hdl.handle.net/10.1080/00346764.2014.988053 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:1:p:89-112 Template-Type: ReDIF-Article 1.0 Author-Name: Jamie Morgan Author-X-Name-First: Jamie Author-X-Name-Last: Morgan Author-Name: Brendan Sheehan Author-X-Name-First: Brendan Author-X-Name-Last: Sheehan Title: The Concept of Trust and the Political Economy of John Maynard Keynes, Illustrated Using Central Bank Forward Guidance and the Democratic Dilemma in Europe Abstract: Trust is an issue to which Keynesians and post-Keynesians have paid relatively little attention. However, properly understood it is an aspect of almost all activity, including key elements of socio-economic reality. Without trust, market exchange is at the very least problematic, if not impossible. Moreover, trust is intrinsic to a variety of issues with which Keynes, and subsequent Keynesianism have been concerned. In this paper we provide a general social theory conceptualisation of trust and then set out some of the areas where this concept resonates with the work of Keynes in terms of the role of conventions. Conventions quintessentially involve trust and that trust can be unstable, can be withdrawn and can require rebuilding. We illustrate this with reference to central bank policy and the Bank of England's introduction of Forward Guidance. Exploring the problem of trust in the context of banking also highlights a challenge for the continued relevance of Keynes' work. We now live in a neoliberal world and this provides a quite different context for state intervention than was previously the case. Keynes' work is now an argument for the alternative, and as such it requires more than a technical economic argument, it must also address the problem of trust in state policy-makers. We briefly illustrate the challenge this poses with reference to Europe. Journal: Review of Social Economy Pages: 113-137 Issue: 1 Volume: 73 Year: 2015 Month: 3 X-DOI: 10.1080/00346764.2014.988054 File-URL: http://hdl.handle.net/10.1080/00346764.2014.988054 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:1:p:113-137 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Carr Author-X-Name-First: Michael Author-X-Name-Last: Carr Author-Name: Aurelie Charles Author-X-Name-First: Aurelie Author-X-Name-Last: Charles Author-Name: Wilfred Dolfsma Author-X-Name-First: Wilfred Author-X-Name-Last: Dolfsma Author-Name: Robert McMaster Author-X-Name-First: Robert Author-X-Name-Last: McMaster Author-Name: Tonia Warnecke Author-X-Name-First: Tonia Author-X-Name-Last: Warnecke Title: Effective Contributions to the Review of Social Economy and Social Economics—Editorial Journal: Review of Social Economy Pages: 139-145 Issue: 2 Volume: 73 Year: 2015 Month: 6 X-DOI: 10.1080/00346764.2015.1039342 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1039342 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:2:p:139-145 Template-Type: ReDIF-Article 1.0 Author-Name: Rojhat B. Avsar Author-X-Name-First: Rojhat B. Author-X-Name-Last: Avsar Title: A Rawlsian Defense of the Individual Mandate: The “Collective Asset” Approach Abstract: The Patient Protection and Affordable Care Act requires individuals to get coverage or pay a fine (or “shared responsibility payment”) starting in 2014. This mandate had been at the center of a contentious political and legal debate. Although the Mandate is key to ending discriminations based on pre-existing conditions in the individual insurance market, its constitutionality had been challenged. We argue that the Obama administration's legal argument for the constitutionality of the Mandate by invoking conventional economic categories such as “negative externalities” is inadequate in addressing the economic and moral significance of the Mandate. As an alternative, we suggest a Rawlsian approach. Specifically, we will borrow the Rawlsian notion of “collective asset” to articulate the moral appeal of the Mandate and its social insurance logic. Journal: Review of Social Economy Pages: 146-153 Issue: 2 Volume: 73 Year: 2015 Month: 6 X-DOI: 10.1080/00346764.2015.1035911 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1035911 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:2:p:146-153 Template-Type: ReDIF-Article 1.0 Author-Name: Karen Evelyn Hauge Author-X-Name-First: Karen Evelyn Author-X-Name-Last: Hauge Title: Moral Opinions are Conditional on the Behavior of Others Abstract: In social dilemmas individual behavior creates external effects on others. In such situations, a person's opinions concerning right and wrong might influence his behavior. Understanding moral opinions therefore is important. This paper reports on an experiment which shows that moral opinions are conditional on the behavior of others. This is demonstrated by the finding that a large majority of subjects in a public good game experiment report personal normative beliefs that increase with the actual contributions made by group members. This finding is important for the design of policies attempting to sustain public good provisions. Journal: Review of Social Economy Pages: 154-175 Issue: 2 Volume: 73 Year: 2015 Month: 6 X-DOI: 10.1080/00346764.2015.1035910 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1035910 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:2:p:154-175 Template-Type: ReDIF-Article 1.0 Author-Name: Kazuhito Ogawa Author-X-Name-First: Kazuhito Author-X-Name-Last: Ogawa Author-Name: Takanori Ida Author-X-Name-First: Takanori Author-X-Name-Last: Ida Title: Investigating Donating Behavior Using Hypothetical Dictator Game Experiments Abstract: We conduct dictator game experiments to investigate donating behavior by simultaneously examining the time delay when the donee receives the donation and the individual characteristics of the donor. We show that donations decrease as the time delay rises and that gender, education level, neuroticism, agreeableness, conscientiousness, and utilitarianism affect donations independent of the time delay. Journal: Review of Social Economy Pages: 176-195 Issue: 2 Volume: 73 Year: 2015 Month: 6 X-DOI: 10.1080/00346764.2015.1035908 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1035908 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:2:p:176-195 Template-Type: ReDIF-Article 1.0 Author-Name: Diksha Arora Author-X-Name-First: Diksha Author-X-Name-Last: Arora Title: Gender Differences in Time-Poverty in Rural Mozambique Abstract: Based on time-use data from a 2013 primary household survey, this study examines the nature and extent of time-poverty experienced by men and women in peasant households in Mozambique. The main findings indicate that while women's labor allocation to economic activities is comparable to that of men, household chores and care work are almost entirely women's responsibility. The heavy burden of responsibilities leave women significantly time-poorer compared to men. Women's time-poverty worsens when the burden of simultaneous care work is taken into account. In addition, due to multitasking, the work tends to be more taxing. The examination of determinants of time-poverty shows that common measures of individual economic power, such as assets and education, do not necessarily affect the time-poverty faced by women. Journal: Review of Social Economy Pages: 196-221 Issue: 2 Volume: 73 Year: 2015 Month: 6 X-DOI: 10.1080/00346764.2015.1035909 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1035909 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:2:p:196-221 Template-Type: ReDIF-Article 1.0 Author-Name: Mark D. White Author-X-Name-First: Mark D. Author-X-Name-Last: White Title: Judgment: Balancing Principle and Policy Abstract: Judgment is an element of decision-making that is of critical importance to both ethics and economics but remains underappreciated in both. In this paper, I describe one conception of moral judgment, drawn from the moral philosophy of Immanuel Kant and the legal philosophy of Ronald Dworkin, in which an agent weighs and balances the various moral duties and principles relevant to a choice situation in a way that maintains the integrity of her moral character. After explaining the foundations and uses of judgment in ethics, I discuss its importance to two areas of economic modeling, individual choice and policy-making, both of which can be enhanced by incorporating judgment alongside more basic ethical motivations and concerns. Journal: Review of Social Economy Pages: 223-241 Issue: 3 Volume: 73 Year: 2015 Month: 9 X-DOI: 10.1080/00346764.2015.1044842 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1044842 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:3:p:223-241 Template-Type: ReDIF-Article 1.0 Author-Name: Bruce Pietrykowski Author-X-Name-First: Bruce Author-X-Name-Last: Pietrykowski Title: Participatory Economic Research: Benefits and Challenges of Incorporating Participatory Research into Social Economics Abstract: Participatory action research (PAR) and community-based participatory research (CBPR) involve traditional subjects of research in the co-creation of research design, data collection, and analysis. PAR has been used in the fields of public health, education, and geography. A case study of a local economy CBPR project will be discussed. The increasing use of field and behavioral experiments in economics together with recent critiques of the ethical commitments of economic policy raises important questions about the role of expert knowledge, indigenous knowledge, and the relationships of power and privilege involved in mainstream academic research. The applicability of the PAR method for economics will be investigated in light of the epistemological and ethical commitments of social economics. Journal: Review of Social Economy Pages: 242-262 Issue: 3 Volume: 73 Year: 2015 Month: 9 X-DOI: 10.1080/00346764.2015.1044841 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1044841 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:3:p:242-262 Template-Type: ReDIF-Article 1.0 Author-Name: Jason Potts Author-X-Name-First: Jason Author-X-Name-Last: Potts Author-Name: John Hartley Author-X-Name-First: John Author-X-Name-Last: Hartley Title: How the Social Economy Produces Innovation Abstract: Social economics has long been concerned with the effects on human societies of market-coordinated processes of economic innovation. But the social economy also causes invention and innovation, an aspect that has received less attention. This article reviews three new approaches to the study of the growth of knowledge in economic systems as driven expressly by sociocultural mechanisms and dynamics. The first are so-called “social network markets” and “novelty bundling markets”. The second extends from “knowledge commons” to “innovation commons”. The third is a sociocultural semiotic process of group dynamics. These models represent different ways the social economy generates newness and produces innovation. Journal: Review of Social Economy Pages: 263-282 Issue: 3 Volume: 73 Year: 2015 Month: 9 X-DOI: 10.1080/00346764.2015.1067756 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1067756 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:3:p:263-282 Template-Type: ReDIF-Article 1.0 Author-Name: Derek Jones Author-X-Name-First: Derek Author-X-Name-Last: Jones Author-Name: Panu Kalmi Author-X-Name-First: Panu Author-X-Name-Last: Kalmi Title: Membership and Performance in Finnish Financial Cooperatives: A New View of Cooperatives? Abstract: Many economists adopt a critical stance on cooperatives. One example is the claim that larger membership in cooperative banks is detrimental to performance. We re-examine this earlier finding by drawing from a richer and broader conceptual framework than used previously and conclude that in recent years, the relationship between membership and performance may be positive. In our empirical analysis, we use new data for Finnish cooperative banks and, compared to earlier work, develop an alternative measure for membership and employ improved estimation methods. A positive relationship between membership and performance in financial cooperatives is consistently found. We discuss our findings in light of an emerging body of theoretical and empirical work on cooperatives, especially for financial cooperatives, and argue that a new view of cooperatives is warranted. Journal: Review of Social Economy Pages: 283-309 Issue: 3 Volume: 73 Year: 2015 Month: 9 X-DOI: 10.1080/00346764.2015.1067753 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1067753 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:3:p:283-309 Template-Type: ReDIF-Article 1.0 Author-Name: Philip Arestis Author-X-Name-First: Philip Author-X-Name-Last: Arestis Author-Name: Aurelie Charles Author-X-Name-First: Aurelie Author-X-Name-Last: Charles Author-Name: Giuseppe Fontana Author-X-Name-First: Giuseppe Author-X-Name-Last: Fontana Title: Introduction to the Special Issue on “Ethics, Global Finance and the Great Recession” Journal: Review of Social Economy Pages: 311-314 Issue: 4 Volume: 73 Year: 2015 Month: 12 X-DOI: 10.1080/00346764.2015.1100848 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1100848 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:4:p:311-314 Template-Type: ReDIF-Article 1.0 Author-Name: George F. DeMartino Author-X-Name-First: George F. Author-X-Name-Last: DeMartino Title: Harming Irreparably: On Neoliberalism, Kaldor-Hicks, and the Paretian Guarantee Abstract: The global neoliberal project, which entailed inter alia financial liberalization that accelerated financialization of the world economy, was advocated by leading Austrian, Chicago School neoclassical, and New Keynesian economists, despite awareness that the project would harm many members of society even as it benefitted others. To the extent that they were efficacious in their advocacy, economists contributed to the imposition of serious harm. Often the harm befell the most vulnerable members of society. At least some of the harm was avoidable. This paper examines critically the Kaldor-Hicks compensation test, a primary criterion used in defense of the neoliberal project. The paper finds that the best existing defense of Kaldor-Hicks is Paretian rather than Benthamian in nature: it focuses on the long-run rather than on each individual policy innovation, and claims that all agents benefit by a series of Kaldor-Hicks consistent innovations even if some are harmed in each individual instance. The paper finds that the Paretian case is deficient on grounds other than those commonly invoked against Kaldor-Hicks. The critique focuses on the neoclassical consequentialist welfarism that grounds the Paretian case, and the related presumption that all harms are reparable and, indeed, compensable. Journal: Review of Social Economy Pages: 315-340 Issue: 4 Volume: 73 Year: 2015 Month: 12 X-DOI: 10.1080/00346764.2015.1089110 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1089110 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:4:p:315-340 Template-Type: ReDIF-Article 1.0 Author-Name: Cynthia Bansak Author-X-Name-First: Cynthia Author-X-Name-Last: Bansak Author-Name: Martha A. Starr Author-X-Name-First: Martha A. Author-X-Name-Last: Starr Title: Distributional Costs of Housing-price Bubbles: Who pays the Price when Bubbles Deflate? Abstract: In considering whether asset-price bubbles should be offset through policy, an important issue is who pays the price when the bubble bursts. A bust that reduces the wealth of well-off households only may have small welfare costs, but costs may be sizable if broad swaths of households are affected. This paper uses micro data on millions of households from the US American Community Survey to examine how the bursting of the 1998--2006 housing bubble affected households’ employment, homeownership, home values, and housing costs. To separate dynamics of the housing bust from those of the aggregate downturn, we differentiate between metropolitan areas that did and did not experience bubbles. We find that, for most measures, deteriorations in well-being were more severe in bubble metros than elsewhere, and for several measures, differential effects on less-educated households were also more severe. This underscores the importance of leaning against broad-based housing bubbles via appropriate policies, as burdens of adjustment fall differentially on people not well prepared to bear them. Journal: Review of Social Economy Pages: 341-369 Issue: 4 Volume: 73 Year: 2015 Month: 12 X-DOI: 10.1080/00346764.2015.1089108 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1089108 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:4:p:341-369 Template-Type: ReDIF-Article 1.0 Author-Name: Philip Arestis Author-X-Name-First: Philip Author-X-Name-Last: Arestis Author-Name: Aurelie Charles Author-X-Name-First: Aurelie Author-X-Name-Last: Charles Author-Name: Giuseppe Fontana Author-X-Name-First: Giuseppe Author-X-Name-Last: Fontana Title: Power, Intergroup Conflicts and Social Stratification in the United States: What has the Global Crisis Taught us? Abstract: Drawing on early sociological analyses of how power and intergroup conflicts can affect the development of modern economies, this paper investigates how the recent Global Crisis (GC) has affected the stratification of the US society. The paper argues that the consumerist society has reinforced the historical stratification of social identities with white men in high-paid, high-social status managerial and financial occupations at the top, and black women in low-paid, low-status service occupations at the bottom. This paper calls for a deconstruction of the neoliberal individual into a unique combination of identities in a stratified capitalist society in order to reveal how social stratification has evolved during the GC. The paper finally concludes on the importance of heterogeneous identities in reflecting the diversity of societal and economic interests in order to address the issues of financial stability and sustainability at the corporate and societal levels. Journal: Review of Social Economy Pages: 370-387 Issue: 4 Volume: 73 Year: 2015 Month: 12 X-DOI: 10.1080/00346764.2015.1089109 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1089109 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:4:p:370-387 Template-Type: ReDIF-Article 1.0 Author-Name: Ilene Grabel Author-X-Name-First: Ilene Author-X-Name-Last: Grabel Title: Post-Crisis Experiments in Development Finance Architectures: A Hirschmanian Perspective On ‘Productive Incoherence’ Abstract: The Asian and especially the global crisis of 2008 have catalyzed decentralization of the developing world’s financial governance architecture. I understand this state of affairs via the concept of “productive incoherence” which is apparent in a denser, multilayered development financial architecture that is emerging as a consequence of heterogeneous practical adjustments to changing circumstances rather than as the embodiment of a coherent doctrine. Drawing on Albert Hirschman, I argue that the absence of an encompassing theoretical blueprint for a new economic system—i.e. a new “ism” to replace neoliberalism—is in fact a vitally important virtue. If we cannot live without a new “ism,” I propose “Hirschmanian Possibilism” as a new doctrine—one that rejects an overarching theoretical framework from which to deduce the singly appropriate institutional structure of the economy. Hirschmanian Possibilism asserts instead the value of productive incoherence as a framework for pursuing democratic, ethically viable development institutions. Journal: Review of Social Economy Pages: 388-414 Issue: 4 Volume: 73 Year: 2015 Month: 12 X-DOI: 10.1080/00346764.2015.1089111 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1089111 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:73:y:2015:i:4:p:388-414 Template-Type: ReDIF-Article 1.0 Author-Name: Altug Yalcintas Author-X-Name-First: Altug Author-X-Name-Last: Yalcintas Author-Name: James R. Wible Author-X-Name-First: James R. Author-X-Name-Last: Wible Title: Scientific misconduct and research ethics in economics: an introduction Abstract: Since the screening of Inside Job in movie theatres around the world in 2010, research integrity in economics has been questioned by scholars and public intellectuals. Prestigious economists and policy makers are accused of conflicts of interest while prominent economists are charged with plagiarism and self-plagiarism. Some of these economists replied to accusations about themselves while many others have preferred not to respond at all. These days, economists hear the following question more often than before: “what is wrong with economics?” Journal: Review of Social Economy Pages: 1-6 Issue: 1 Volume: 74 Year: 2016 Month: 3 X-DOI: 10.1080/00346764.2016.1150731 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1150731 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:1:p:1-6 Template-Type: ReDIF-Article 1.0 Author-Name: James R. Wible Author-X-Name-First: James R. Author-X-Name-Last: Wible Title: Scientific misconduct and the responsible conduct of research in science and economics Abstract: Considered here are matters relating to the responsible conduct of research in economics and science in the United States for the last forty years. In science there was a “late 20th century wave” of scientific misconduct and then a “millennial wave”. For economics in the former era, episodes of honest error and replication failure occurred. Recently plagiarism and data manipulation have been reported. Overall few economists seem to fabricate data, but falsification of data, replication failure, and plagiarism occur. Furthermore, replication failure is the one thing that scientific misconduct and honest error have in common. In economics and compared to the sciences, there have been no misconduct hearings, no economist has been charged with a crime, nor has anyone served time in prison for scientific misconduct. Science and economics seem to be sufficiently self-corrective so that systemic science failure does not utterly thwart scientific progress in the long run. Journal: Review of Social Economy Pages: 7-32 Issue: 1 Volume: 74 Year: 2016 Month: 3 X-DOI: 10.1080/00346764.2016.1135598 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1135598 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:1:p:7-32 Template-Type: ReDIF-Article 1.0 Author-Name: M. van Heerden Author-X-Name-First: M. Author-X-Name-Last: van Heerden Author-Name: R.G. Visagie Author-X-Name-First: R.G. Author-X-Name-Last: Visagie Author-Name: J.S. Wessels Author-X-Name-First: J.S. Author-X-Name-Last: Wessels Title: A discipline-relevant conceptual framework for research ethics review in economic sciences Abstract: This article aims to contribute to the discourse on the growing frustration amongst researchers about compulsory institutional research ethics review. The question that directs this article is to what extent research in the economic sciences should be subjected to the widely used biomedical model of research ethics review. A subsequent question is whether a discipline-relevant model would not be more appropriate for such review. To this end, a case study of the 2012 volume of the journal Review of Social Economy was selected for a systematic content analysis of the articles reporting on economics research. The eligibility criteria most commonly used by research ethics committees have been applied in this analysis. The study has shown that although blanket exemption for research in the economic sciences might not be appropriate, a discipline-relevant risk assessment framework for research involving human subjects in economics research is necessary. This article argues for a reasonable and non-frustrating research ethics review process applicable to the level of the potential risk to harm human subjects. Journal: Review of Social Economy Pages: 33-52 Issue: 1 Volume: 74 Year: 2016 Month: 3 X-DOI: 10.1080/00346764.2015.1125632 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1125632 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:1:p:33-52 Template-Type: ReDIF-Article 1.0 Author-Name: Altug Yalcintas Author-X-Name-First: Altug Author-X-Name-Last: Yalcintas Author-Name: Isil Sirin Selcuk Author-X-Name-First: Isil Sirin Author-X-Name-Last: Selcuk Title: Research Ethics Education in Economics Abstract: In this paper, we report the findings from the data we collected from a survey in order to measure how common research ethics education in economics is. We have found out that (1) research ethics is taught in only a very few economics departments around the globe; (2) topics related to research ethics are not taught in courses on economics and ethics; and (3) the number of papers published in specialised peer-reviewed journals on economics education is only a tiny fraction of the number of papers published in these journals. There has been no evidence in economics showing that economics departments have taken strong initiative on teaching research ethics to undergraduate and graduate students. Journal: Review of Social Economy Pages: 53-74 Issue: 1 Volume: 74 Year: 2016 Month: 3 X-DOI: 10.1080/00346764.2015.1100847 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1100847 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:1:p:53-74 Template-Type: ReDIF-Article 1.0 Author-Name: Serdar Sayan Author-X-Name-First: Serdar Author-X-Name-Last: Sayan Title: Serving as a referee for your own paper: A dream come true or…? Abstract: This note first describes the details of an interesting incident of plagiarism where the author of a previously published paper was sent a verbatim copy of that paper for his review for possible publication in another journal. It then offers a few insights into the possible reasons underlying such blatant plagiarism attempts, and provides caveats against them. Journal: Review of Social Economy Pages: 75-82 Issue: 1 Volume: 74 Year: 2016 Month: 3 X-DOI: 10.1080/00346764.2015.1067757 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1067757 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:1:p:75-82 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen T. Ziliak Author-X-Name-First: Stephen T. Author-X-Name-Last: Ziliak Title: Statistical significance and scientific misconduct: improving the style of the published research paper Abstract: A science, business, or law that is basing its validity on the level of p-values, t statistics and other tests of statistical significance is looking less and less relevant and more and more unethical. Today’s economist uses a lot of wit putting a clever index of opportunity cost into his models; but then, like the amnesiac, he fails to see opportunity cost in statistical estimates he makes of those same models. Medicine, psychology, pharmacology and other fields are similarly damaged by this fundamental error of science, keeping bad treatments on the market and good ones out. A few small changes to the style of the published research paper using statistical methods can bring large beneficial effects to more than academic research papers. It is suggested that misuse of statistical significance be added to the definition of scientific misconduct currently enforced by the NIH, NSF, Office of Research Integrity and others. Journal: Review of Social Economy Pages: 83-97 Issue: 1 Volume: 74 Year: 2016 Month: 3 X-DOI: 10.1080/00346764.2016.1150730 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1150730 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:1:p:83-97 Template-Type: ReDIF-Article 1.0 Author-Name: Sarah Necker Author-X-Name-First: Sarah Author-X-Name-Last: Necker Title: Why do scientists cheat? Insights from behavioral economics Abstract: Based on a review of the books by Wible (2014), Stephan (2012), and Lanteri and Vromen (2014), I discuss three different ways in which behavioral economics can enrich the understanding of scientific misbehavior. First, behavioral economics suggests that economic theories of scientific misbehavior, such as the one by Wible (2014), should consider moral costs of cheating, i.e. costs that arise from an individual’s desire to do the “right thing.” Second, behavioral economics demonstrates several ways in which the features of the reward scheme in science,as described by Stephan (2012), can favor cheating. Her conclusion that shirking is rarely an issue in science seems optimistic. Third, behavioral economics indicates that individual characteristics matter for cheating. According to Lanteri and Vromen (2014), economists possess different characteristics than other researchers. Hence, the reaction to incentives may differ across disciplines. Considering these insights is important to assess how a goal such as the pursuit of truth can be achieved efficiently. Journal: Review of Social Economy Pages: 98-108 Issue: 1 Volume: 74 Year: 2016 Month: 3 X-DOI: 10.1080/00346764.2016.1135604 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1135604 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:1:p:98-108 Template-Type: ReDIF-Article 1.0 Author-Name: William McClain Author-X-Name-First: William Author-X-Name-Last: McClain Title: A Pathway Forwards for the Social Capital Metaphor Abstract: A major topic in economics is the analysis of a broad class of phenomena associated with interpersonal relationships, a topic that originally grew from theories of “social capital.” While the concept has been instrumental in bringing increased attention to social effects on economic outcomes, it has increasingly been replaced with approaches that consider instead networks and discrete interactions rather than aggregate measures of social capital. This has been an analytical improvement, but a great deal of work remains to bring empirical validity and relevancy to social network analysis. This paper presents two important approaches for achieving this, statistical analysis and agent-based modeling, and discusses their benefits, limitations, and complementary nature. Rather than waiting for either approach to achieve an ambiguous quality of maturity, integrating statistical analysis with simulation models of networks must begin now to push the frontiers of social network analysis forward. Journal: Review of Social Economy Pages: 109-128 Issue: 2 Volume: 74 Year: 2016 Month: 6 X-DOI: 10.1080/00346764.2015.1089106 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1089106 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:2:p:109-128 Template-Type: ReDIF-Article 1.0 Author-Name: Thomas More Garrett Author-X-Name-First: Thomas More Author-X-Name-Last: Garrett Title: Business ethics and a faith-inspired solution to the problem of economism Abstract: This article examines the influence of economism on contemporary business practice. The first part surveys some of the recent scholarship from the business field regarding economism and particularly its accretion from business academia into the workplace. Part two identifies the central problem of economism in an implicit anthropology. Drawing from a variety of commentary and studies, this part illustrates that while reason identifies the deficiency in the economistic view of the human person, an authentic anthropology lies beyond reason’s grasp. The last part aims to show how the encyclical letter Caritas in Veritate of Benedict XVI demonstrates that a reason open to faith points to a solution. The work of the now emeritus pope offers an anthropological vision capable of supplying a foundation to a business ethics that can support a commercial practice better designed to contribute to human development and the satisfaction of human needs. Journal: Review of Social Economy Pages: 129-147 Issue: 2 Volume: 74 Year: 2016 Month: 6 X-DOI: 10.1080/00346764.2016.1150728 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1150728 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:2:p:129-147 Template-Type: ReDIF-Article 1.0 Author-Name: Caroline Shenaz Hossein Author-X-Name-First: Caroline Shenaz Author-X-Name-Last: Hossein Title: “Big Man” politics in the social economy: a case study of microfinance in Kingston, Jamaica Abstract: Microfinance and its “reinvention as bankers-for-the-poor” to create financial inclusion has not been effective everywhere. The literature seems to suggest that the social economy and microfinance help marginalized business people; yet no one considers that political bias interferes with the social economy, making it hard for it to be just. The promise of micro-credit was to achieve a double bottom line: first, the financial sustainability of the lending institution itself, and second, the social benefit of providing loans to low-income business people. Yet, alternative pitches of a social economy to “help people” fail to analyze the embedded power dynamics within the social economy. In this case study in downtown Kingston, Jamaica, 233 small-business people who depend on development finance because of social exclusion now find that these targeted programs are intertwined in partisan, sometimes dangerous, politics. As a result, oppressed people opt out of micro-banking programs to resist “Big Man” politics -- the politicians or gangsters attempting to control them. In this study of 307 interviews, I analyze the informal politics of Dons and politicians who misuse micro-credit for their own ends. I find that the coupling of class biases and clientelist practices in the social economy discourages eligible business people from taking micro-loans, and argue that the microfinance industry needs to pay close attention to this issue if it is to continue to help marginalized business people. Journal: Review of Social Economy Pages: 148-171 Issue: 2 Volume: 74 Year: 2016 Month: 6 X-DOI: 10.1080/00346764.2015.1067754 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1067754 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:2:p:148-171 Template-Type: ReDIF-Article 1.0 Author-Name: Charalampos Konstantinidis Author-X-Name-First: Charalampos Author-X-Name-Last: Konstantinidis Title: Assessing the socio-economic dimensions of the rise of organic farming in the European Union Abstract: Organic farming is considered one of the most important rural development tools in the European Union, often connected to the socio-economic objectives of small-farm support and employment generation. Using an EU-27 regional panel data-set from 2000 to 2010, I show that the share of a region’s agricultural area under organic methods is positively associated with average farm size. Furthermore, I show that the share of organic farming in a region is not associated with higher application of agricultural labor per hectare. Both results question the connection between organic farming and the aforementioned objectives, and point to the conventionalization of European organic farming. Journal: Review of Social Economy Pages: 172-193 Issue: 2 Volume: 74 Year: 2016 Month: 6 X-DOI: 10.1080/00346764.2015.1067755 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1067755 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:2:p:172-193 Template-Type: ReDIF-Article 1.0 Author-Name: Anders Fremstad Author-X-Name-First: Anders Author-X-Name-Last: Fremstad Title: Sticky Norms, Endogenous Preferences, and Shareable Goods Abstract: The Internet has reduced the cost of borrowing and lending “shareable goods,” including tools, gear, toys, lodging, and vehicles. Online platforms can better match people with underutilized goods, but it may take time for people to develop sticky norms and endogenous preferences that are conducive to greater peer-to-peer sharing. This study estimates the current and potential value of sharing items across households. Data from the General Social Survey, the website NeighborGoods, and a new survey show that peer-to-peer borrowing is already worth at least $179 a year for 30% of Americans. Spending on shareable goods provides an upper bound on the potential gains from sharing. The consumer expenditure survey reveals that the average household spends $9,090 each year on shareable goods. Private vehicles account for 80% of these expenses, which suggests that the largest opportunities may be in greater car-sharing and ride-sharing. Journal: Review of Social Economy Pages: 194-214 Issue: 2 Volume: 74 Year: 2016 Month: 6 X-DOI: 10.1080/00346764.2015.1089107 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1089107 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:2:p:194-214 Template-Type: ReDIF-Article 1.0 Author-Name: Edward J. O’Boyle Author-X-Name-First: Edward J. Author-X-Name-Last: O’Boyle Author-Name: Meade P. O’Boyle Author-X-Name-First: Meade P. Author-X-Name-Last: O’Boyle Title: ‘Medical altruism in mainstream health economics: theoretical and political paradoxes’ comments Abstract: In this article, which was published in the September 2014 issue of the Review, Batifoulier and Da Silva examine the role of medical altruism in health economics. They argue that abandoning homo economicus and the mainstream practice of incorporating patient well-being in the doctor’s utility function in order to explain the clinical behavior of doctors and switching from profit maximization to medical altruism both lead to a dead end. We agree but the authors leave us with no way out. We argue instead that the doctor’s clinical behavior whether expressed in terms of utility or altruism is not a fit subject for economics. The way out is to restrict economics to health care issues with financial dimensions. In their article, Batifoulier and Da Silva bring their French experience to the table. We bring to the table our American experience with more than 40 years of hands-on care for patients along with the experiences of four other physicians in our extended family. The specialties include intensive care pediatrics, emergency medicine, intensive-care pulmonary medicine, dermatology, and otolaryngology. Our premise in responding to Batifoulier and Da Silva is that apart from payment for services rendered, there probably are no serious differences in the actual practice of medicine in France compared to the United States. And even if there are such differences, they are matters to be taken up by medicine not economics. Journal: Review of Social Economy Pages: 215-221 Issue: 2 Volume: 74 Year: 2016 Month: 6 X-DOI: 10.1080/00346764.2016.1150729 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1150729 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:2:p:215-221 Template-Type: ReDIF-Article 1.0 Author-Name: Philippe Batifoulier Author-X-Name-First: Philippe Author-X-Name-Last: Batifoulier Author-Name: Nicolas Da Silva Author-X-Name-First: Nicolas Author-X-Name-Last: Da Silva Title: Is physician behavior too serious a business to be left to economics? Reply to medical altruism in mainstream health economics: theoretical and political paradoxes Abstract: This short paper is a Reply to ‘Medical altruism in mainstream health economics: theoretical and political paradoxes. COMMENTS’. Journal: Review of Social Economy Pages: 222-227 Issue: 2 Volume: 74 Year: 2016 Month: 6 X-DOI: 10.1080/00346764.2016.1171386 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1171386 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:2:p:222-227 Template-Type: ReDIF-Article 1.0 Author-Name: Martha C. Nussbaum Author-X-Name-First: Martha C. Author-X-Name-Last: Nussbaum Title: Economics still needs philosophy Journal: Review of Social Economy Pages: 229-247 Issue: 3 Volume: 74 Year: 2016 Month: 9 X-DOI: 10.1080/00346764.2015.1044843 File-URL: http://hdl.handle.net/10.1080/00346764.2015.1044843 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:3:p:229-247 Template-Type: ReDIF-Article 1.0 Author-Name: Catherine Pollak Author-X-Name-First: Catherine Author-X-Name-Last: Pollak Author-Name: Nicolas Sirven Author-X-Name-First: Nicolas Author-X-Name-Last: Sirven Title: Active ageing beyond the labour market: evidence on the role of intrinsic and extrinsic rewards at work Abstract: ‘Active Ageing’ strategies aim to foster the participation of seniors in the society. Although economic literature has extensively studied the incentives for seniors to increase their labour supply, little is known about the motivations for older people to complement labour with other forms of social participation. This article provides empirical evidence of the role of intrinsic and extrinsic rewards received at work in the supply of formal and informal productive activities of 50- to 65-year-old workers. The results show that workers with higher levels of intrinsic rewards received at work, such as skill development opportunities and decision latitude, are more likely to participate in social activities outside the labour market. Extrinsic rewards on the other hand, like advancement perspectives, job security and pay, appear independent from both formal and informal social participation. Journal: Review of Social Economy Pages: 248-274 Issue: 3 Volume: 74 Year: 2016 Month: 9 X-DOI: 10.1080/00346764.2016.1168032 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1168032 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:3:p:248-274 Template-Type: ReDIF-Article 1.0 Author-Name: Bana Bashour Author-X-Name-First: Bana Author-X-Name-Last: Bashour Author-Name: Ramzi Mabsout Author-X-Name-First: Ramzi Author-X-Name-Last: Mabsout Title: Reconciling economics with naturalist ethical theory Abstract: The exclusive use of evolutionary explanations and game theory to justify moral claims has led economists to an impasse. Our discussion of this problem is focused on arguments made by Kenneth Binmore and Herbert Gintis, two vocal and notable economists behind these efforts. We begin by pointing out the false dilemma they present between ethical theories involving dubious non-naturalist metaphysics and their versions of naturalized game-theoretic ethics. We do so by, first, discussing alternative naturalist accounts, namely, those of Peter Railton and Richard Boyd. Second, we argue that their descriptive and explanatory theories are in fact committed to substantive normative claims. Our hypothesis is that their attempts to avoid ethical arguments are responsible for their mistaken belief that theirs is a scientific disagreement, whereas it is in fact one about human nature. Binmore and Gintis’s disagreement about ethical claims requires acknowledging and engaging with substantive normative arguments such as those of what is good and what ought to be done. The alternative would be a never-ending disagreement on the fundamental view of human nature. This path, we worry, may be a road to nowhere. Journal: Review of Social Economy Pages: 275-297 Issue: 3 Volume: 74 Year: 2016 Month: 9 X-DOI: 10.1080/00346764.2016.1168034 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1168034 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:3:p:275-297 Template-Type: ReDIF-Article 1.0 Author-Name: Jérôme Blanc Author-X-Name-First: Jérôme Author-X-Name-Last: Blanc Author-Name: Marie Fare Author-X-Name-First: Marie Author-X-Name-Last: Fare Title: Turning values concrete: the role and ways of business selection in local currency schemes Abstract: Alternative consumption schemes require the selection of producers and traders according to criteria and through processes that should make alternative values concrete. The way values turn concrete is crucial for the effectiveness of such projects. This paper investigates the ways criteria and processes are defined and their real meanings and uses through the case of associative local currencies. Drawing on the framework of proximities, it analyses local currency schemes as combining proximities (geographical and non-geographical) and selection processes set up for providers wishing to join. Selection processes may be based on a charter, an approval committee and screening criteria. The objectives of the selection, its measures in principle, the way in which it is applied as well as the practical consequences are discussed. Even when charters and formal participatory schemes for selecting providers are established, proximities appear as the keystone of selection and trust. Journal: Review of Social Economy Pages: 298-319 Issue: 3 Volume: 74 Year: 2016 Month: 9 X-DOI: 10.1080/00346764.2016.1168035 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1168035 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:3:p:298-319 Template-Type: ReDIF-Article 1.0 Author-Name: Jakob Kapeller Author-X-Name-First: Jakob Author-X-Name-Last: Kapeller Author-Name: Bernhard Schütz Author-X-Name-First: Bernhard Author-X-Name-Last: Schütz Author-Name: Dennis Tamesberger Author-X-Name-First: Dennis Author-X-Name-Last: Tamesberger Title: From free to civilized trade: a European perspective Abstract: In the context of unfettered international competition, free trade tends to undermine basic moral concepts such as justice, dignity, and fairness. Therefore, we suggest moving to a new understanding of markets in international trade, which we call ‘civilized markets’. A civilized market tries to ensure that free entrepreneurship and open markets are eventually compatible with those basic and universal values that also serve as moral cornerstones of the European project. In order to accomplish a civilized market, we propose to establish a new European institution with a mandate to set and enforce minimum standards for goods sold on the European market. Journal: Review of Social Economy Pages: 320-328 Issue: 3 Volume: 74 Year: 2016 Month: 9 X-DOI: 10.1080/00346764.2016.1168033 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1168033 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:3:p:320-328 Template-Type: ReDIF-Article 1.0 Author-Name: Jacob A. L. Vermeire Author-X-Name-First: Jacob A. L. Author-X-Name-Last: Vermeire Author-Name: Garry D. Bruton Author-X-Name-First: Garry D. Author-X-Name-Last: Bruton Author-Name: Li Cai Author-X-Name-First: Li Author-X-Name-Last: Cai Title: Global value chains in Africa and development of opportunities by poor landholders Abstract: In an effort to help address severe levels of poverty, multinational firms are increasingly seeking to include African smallholders in their global value chains (GVCs). Despite efforts of multinationals to provide such opportunities, the number of successful inclusions remains limited. We draw from the entrepreneurship domain to approach this important issue from an opportunity perspective. At the heart of our effort to develop a greater theoretical understanding is the insight that opportunities can both be discovered and created by smallholders. The key implication of this insight is that multinationals will gain more from their efforts to include small landholders in their GVCs if they adapt their value chain systems in ways that also accommodate joint creation of opportunities with smallholders rather than expect that all smallholders adapt to the systems developed by the large global firms for their large suppliers. Journal: Review of Social Economy Pages: 280-295 Issue: 3 Volume: 75 Year: 2017 Month: 7 X-DOI: 10.1080/00346764.2016.1238103 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1238103 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:3:p:280-295 Template-Type: ReDIF-Article 1.0 Author-Name: Ruerd Ruben Author-X-Name-First: Ruerd Author-X-Name-Last: Ruben Author-Name: Alemayehu Dekeba Bekele Author-X-Name-First: Alemayehu Author-X-Name-Last: Dekeba Bekele Author-Name: Birhanu Megersa Lenjiso Author-X-Name-First: Birhanu Author-X-Name-Last: Megersa Lenjiso Title: Quality upgrading in Ethiopian dairy value chains: dovetailing upstream and downstream perspectives Abstract: In this article, we analyze opportunities and constraints for upgrading product quality in the dairy value chain in Ethiopia. Our analysis is based on an integrated understanding of supply chain performance both from producer and from consumer perspectives. We outline as main drivers for quality upgrading: (a) factors that influence producers’ willingness to invest toward intensification by smallholder dairy farmers and cooperatives and (b) factors that induce consumer’s willingness to pay for healthy and nutritious dairy products delivered at specific retail outlets. Since there are large gaps between upstream producers incentives and downstream consumers motives, possibilities for dairy quality upgrading remain fairly limited. Given this market structure, decisive policy support is required for better tailoring producer’s investments with consumer preferences. Journal: Review of Social Economy Pages: 296-317 Issue: 3 Volume: 75 Year: 2017 Month: 7 X-DOI: 10.1080/00346764.2017.1286032 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1286032 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:3:p:296-317 Template-Type: ReDIF-Article 1.0 Author-Name: Anne van Lakerveld Author-X-Name-First: Anne Author-X-Name-Last: van Lakerveld Author-Name: Rob van Tulder Author-X-Name-First: Rob Author-X-Name-Last: van Tulder Title: Managing the transition to sustainable supply chain management practices: Evidence from Dutch leader firms in Sub-Saharan Africa Abstract: Governance literature identifies so-called ‘leader firms’ as the directors of global value chains. But in what direction are they leading? Some leader firms actively try to make a transition towards sustainable supply chain practices, but how can this be assessed? Supply chain management literature provides fragmented insights into the antecedents of transition processes. They adopt a largely ‘top-down’, ‘inside-out’ perspective rather than (also) take a ‘bottom-up’ and ‘outside-in’ perspective in which the consequences for the business models of supplying firms at the bottom of the supply chain are rarely taken into account. This contribution develops a more integrated eclectic approach on sustainable supply business models. We conceptualise antecedents of change along consecutive stages of management that combines different supplier ‘upgrading’ approaches with different ways in which leader firms integrate suppliers in their purchasing strategies. We apply this model to the strategies of 10 leading Dutch companies active in Africa, but with different supply chain positions. Journal: Review of Social Economy Pages: 255-279 Issue: 3 Volume: 75 Year: 2017 Month: 7 X-DOI: 10.1080/00346764.2017.1286033 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1286033 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:3:p:255-279 Template-Type: ReDIF-Article 1.0 Author-Name: Alle Metzlar Author-X-Name-First: Alle Author-X-Name-Last: Metzlar Title: Strategic intent and the strategic position of smallholders: a case study of a smallholders’ organization in the Ghanaian cocoa industry Abstract: Despite their clear relevance in western business society, many strategic management literature insights are neglected in the development debate regarding smallholders in third world countries. This article explores if strategic intent may be a useful tool in the smallholder debate, by conducting a case study of a smallholders’ organization in the Ghanaian cocoa industry. The case study shows that the strategic intent of the smallholders’ organization and the commitment of its members are inadequate. Group goals are lacking, farmers are participating in side-selling, and do not actively engage in the cooperative. These problems may be resolved by propositions provided by the strategic management literature, such as the introduction of an entrance fee to participate in the cooperative. Journal: Review of Social Economy Pages: 371-387 Issue: 3 Volume: 75 Year: 2017 Month: 7 X-DOI: 10.1080/00346764.2017.1299202 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1299202 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:3:p:371-387 Template-Type: ReDIF-Article 1.0 Author-Name: Clemens Lutz Author-X-Name-First: Clemens Author-X-Name-Last: Lutz Author-Name: Getaw Tadesse Author-X-Name-First: Getaw Author-X-Name-Last: Tadesse Title: African farmers’ market organizations and global value chains: competitiveness versus inclusiveness Abstract: This conceptual paper discusses the challenges smallholder producer cooperatives in developing countries face while trying to access agricultural global value chains. We assess the problem of competitiveness related to lack of commitment and improper selection. Prioritization of open membership over selection is generally taken for granted in the policy debate on farmers’ market organizations (FMOs). We argue that open membership may work in community-driven organizations, however, it becomes a major threat for entrepreneurial FMOs. Inclusion facilitates free riding, which forms a barrier for investments of members. This is one of the major reasons why so many of these organizations are so much resource constrained, i.e. are not able to compete in the market without external support. FMOs should take targeting and selection serious if entrepreneurial activities are intended. Otherwise, they miss the opportunity to create a committed member base willing to invest in a potentially competitive organization. Journal: Review of Social Economy Pages: 318-338 Issue: 3 Volume: 75 Year: 2017 Month: 7 X-DOI: 10.1080/00346764.2017.1300317 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1300317 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:3:p:318-338 Template-Type: ReDIF-Article 1.0 Author-Name: Matthias Olthaar Author-X-Name-First: Matthias Author-X-Name-Last: Olthaar Author-Name: Florian Noseleit Author-X-Name-First: Florian Author-X-Name-Last: Noseleit Title: Deploying strategic resources: comparing members of farmer cooperatives to non-members in sub-Saharan Africa Abstract: Primary producers in global value chains, like any other firm, aim for entrepreneurial success through deploying strategic resources, collective action, strategic intent, and a supportive institutional environment. In the current article, we analyze the extent to which members of farmer cooperatives in Ethiopia succeed in deploying strategic resources. We find that non-members utilize resources more efficiently and that the potential for collective action is not realized. The potential for collective action remains unrealized due to the institutional environment. We suggest pathways for further research. Journal: Review of Social Economy Pages: 339-370 Issue: 3 Volume: 75 Year: 2017 Month: 7 X-DOI: 10.1080/00346764.2017.1306749 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1306749 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:3:p:339-370 Template-Type: ReDIF-Article 1.0 Author-Name: Clemens Lutz Author-X-Name-First: Clemens Author-X-Name-Last: Lutz Author-Name: Matthias Olthaar Author-X-Name-First: Matthias Author-X-Name-Last: Olthaar Title: Global value chains and smallholders in Sub-Saharan Africa Journal: Review of Social Economy Pages: 251-254 Issue: 3 Volume: 75 Year: 2017 Month: 7 X-DOI: 10.1080/00346764.2017.1357321 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1357321 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:3:p:251-254 Template-Type: ReDIF-Article 1.0 Author-Name: Edward B. Barbier Author-X-Name-First: Edward B. Author-X-Name-Last: Barbier Title: Overcoming environmental scarcity, inequality and structural imbalance in the world economy Abstract: The world economy faces two major threats: increasing environmental degradation and a growing gap between rich and poor. The root cause is that natural resources—or natural capital—is underpriced, and hence overly exploited, whereas human capital—the skills embodied in the workforce—is insufficient to meet demand. This outcome has three important consequences. First, all sectors of an economy will use too much natural resources relative to skilled labor. Second, the skilled workers throughout the economy will have higher real incomes and thus will be better off. Third, wealth inequality will increase, as the income gap between skilled and unskilled workers widens. Addressing this structural imbalance requires correcting the two underlying distortions, which are the chronic under-pricing of natural capital and the under-investment in human capital. This must be accompanied by a new suite of policies to provide improved incentives for more balanced wealth creation. Journal: Review of Social Economy Pages: 251-270 Issue: 3 Volume: 77 Year: 2019 Month: 7 X-DOI: 10.1080/00346764.2019.1602282 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1602282 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:3:p:251-270 Template-Type: ReDIF-Article 1.0 Author-Name: Saeed Solaymani Author-X-Name-First: Saeed Author-X-Name-Last: Solaymani Author-Name: Ebrahim Aghamohammadi Author-X-Name-First: Ebrahim Author-X-Name-Last: Aghamohammadi Author-Name: Ali Falahati Author-X-Name-First: Ali Author-X-Name-Last: Falahati Author-Name: Saeed Sharafi Author-X-Name-First: Saeed Author-X-Name-Last: Sharafi Author-Name: Fatimah Kari Author-X-Name-First: Fatimah Author-X-Name-Last: Kari Title: Food security and socio-economic aspects of agricultural input subsidies Abstract: This study is the first attempt at promoting agricultural input subsidy policies in a computable general equilibrium framework on two main dimensions of food security (i.e. food availability and access to food), poverty and income distribution in Malaysia for all ethnic groups. This study investigates the short-run impacts of two subsidy removal policy and one subsidy expansion policy using 2010 input–output table. Results show that both subsidy removal policies negatively influence agricultural sectors and economic growth of Malaysia while the expansion policy influence them positively. The removal policies also decrease food availability and access to food and, consequently, increase poverty at the national level and the poverty level of Malay household, while the expansion policy increases food availability and access to food and alleviate the poverty level of Malay household. The complete removal policy without paddy/rice subsidies increases rice production and raises food availability and access to food commodities (or food security) in the country resulting in a lesser increase in poverty compared to the complete removal policy. Journal: Review of Social Economy Pages: 271-296 Issue: 3 Volume: 77 Year: 2019 Month: 7 X-DOI: 10.1080/00346764.2019.1596298 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1596298 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:3:p:271-296 Template-Type: ReDIF-Article 1.0 Author-Name: Bartholomew Armah Author-X-Name-First: Bartholomew Author-X-Name-Last: Armah Author-Name: Seung-Jin Baek Author-X-Name-First: Seung-Jin Author-X-Name-Last: Baek Title: Prioritising interventions for sustainable structural transformation in Africa: a structural equation modelling approach Abstract: Development paradigms offer competing theories on the drivers of structural transformation. Most of the analysis has so far focused on the economic factors with little emphasis placed on either the social or environmental dimensions of sustainable development. Furthermore, there has been little theoretical or empirical analysis of how the three dimensions (e.g. economic, social, and environmental) interact to impact on structural transformation. This leaves an important gap in the literature since the three sectors are interlinked, not mutually exclusive, and hence cannot be analysed in isolation from one another. Using a panel data set for a group of 29 African countries spanning the period 1995–2011, this study employs a structural equation modelling approach to estimate the direct and indirect impacts of social, economic and environmental indicators on a composite index of structural transformation. We find that strategies that prioritise investments in social inclusion programmes have the greatest catalytic effect in advancing structural transformation in Africa. Journal: Review of Social Economy Pages: 297-325 Issue: 3 Volume: 77 Year: 2019 Month: 7 X-DOI: 10.1080/00346764.2019.1602277 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1602277 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:3:p:297-325 Template-Type: ReDIF-Article 1.0 Author-Name: Christian E. Weller Author-X-Name-First: Christian E. Author-X-Name-Last: Weller Author-Name: Jeffrey B. Wenger Author-X-Name-First: Jeffrey B. Author-X-Name-Last: Wenger Title: Divergent fortunes: growing wealth inequality and widening entrepreneurship by age Abstract: Entrepreneurship can offer people control over their working lives. Yet, it has declined among households younger than 50 years and grown among older households. We examine the relationship between growing wealth inequality and this widening entrepreneurial age disparities by focusing on wealth as a source of income diversification. Our main hypothesis is that younger households have less capital income from wealth holdings leading to less diversification as compared to older households. Using descriptive statistics and multinomial logistic regressions based on data from the Federal Reserve’s triennial Survey of Consumer Finances (SCF), we conclude that the gap in households’ entrepreneurial responsiveness to income diversification has widened by age. We also find that households’ capital income receipt follows from wealth such that rising wealth inequality may have impeded income diversification and reduced entrepreneurship among households with less wealth, especially younger ones. We rule out three alternative explanations: increasing economic pressures from labor market instability, tightening of liquidity constraints, and in declines in nonpecuniary rewards – for the divergent entrepreneurship trends. Journal: Review of Social Economy Pages: 326-360 Issue: 3 Volume: 77 Year: 2019 Month: 7 X-DOI: 10.1080/00346764.2019.1618481 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1618481 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:3:p:326-360 Template-Type: ReDIF-Article 1.0 Author-Name: Maryam Dilmaghani Author-X-Name-First: Maryam Author-X-Name-Last: Dilmaghani Title: The evolution of the gender religiosity gap among the Canadian-born Abstract: The higher religiosity of women in the Western Christian societies is one of the best documented findings in the religious scholarship. In spite of the recent vibrancy of secular movements in North America, the higher religiosity of women appears persistent. As a result, the gender ratio is greatly skewed in the secular groups in favour of males. For instance, for every atheist female in North America, there are at least three males. Using the Canadian General Social Surveys of 1985–2014, this paper examines how the gender religiosity gap has evolved among the Canadian-born. Throughout the period, Canadian-born women are found less likely to be unaffiliated and show a greater frequency of religious attendance. The religious attendance gap is found to be closing. The unaffiliation gap, on the other hand, seems to have widened in the 21st century. Limiting the analyses to the gainfully employed respondents only reduces the religious attendance gap. For the high earners, the attendance gap effectively disappears, while a large unaffiliation gap persists into the 2010s. This pattern is best explained by the recent literature asserting that men and women are differentially socially sanctioned for the adoption of a secularized identity. The alleged sexism of the new secular movements is also noted as a potential explanation. The examination of the recent Canadian data on perceived religious and gender discrimination produces evidence congruent with both of these potential explanations. Journal: Review of Social Economy Pages: 361-392 Issue: 3 Volume: 77 Year: 2019 Month: 7 X-DOI: 10.1080/00346764.2018.1562198 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1562198 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:3:p:361-392 Template-Type: ReDIF-Article 1.0 Author-Name: Emil B. Berendt Author-X-Name-First: Emil B. Author-X-Name-Last: Berendt Title: The housing bubble: an application of the just price Abstract: The bursting of the U.S. housing bubble in 2006 was one of the precipitating factors in the Great Recession. It also led to renewed attention by economists to the identification of speculative bubbles. An underappreciated set of analytical tools that could be applied to bubbles is the Solidarist understanding of the just price. Employing the thought of Heinrich Pesch, Bernard Dempsey and Oswald von Nell-Breuning, this article develops an empirical approach to the problem of the just price and bubble identification in housing. It concludes that housing prices did violate the conditions for justness. Furthermore, the just price theory can be used by policymakers and analysts to better understand the complexities of modern markets and it addresses several gaps in economists’ current understanding of housing and other asset bubbles. Journal: Review of Social Economy Pages: 393-416 Issue: 3 Volume: 77 Year: 2019 Month: 7 X-DOI: 10.1080/00346764.2019.1596295 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1596295 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:3:p:393-416 Template-Type: ReDIF-Article 1.0 Author-Name: The Editors Title: Correction Journal: Review of Social Economy Pages: i-i Issue: 3 Volume: 77 Year: 2019 Month: 7 X-DOI: 10.1080/00346764.2019.1646442 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1646442 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:3:p:i-i Template-Type: ReDIF-Article 1.0 Author-Name: Michael J. Roy Author-X-Name-First: Michael J. Author-X-Name-Last: Roy Author-Name: Michelle T. Hackett Author-X-Name-First: Michelle T. Author-X-Name-Last: Hackett Title: Polanyi’s ‘substantive approach’ to the economy in action? Conceptualising social enterprise as a public health ‘intervention’ Abstract: For several decades now, critical public health researchers have highlighted the deleterious effects that pursuing neoliberal policies can have on the ‘causes of the causes’ of poor health and upon growing health inequalities. This paper argues that the conceptual tools of Karl Polanyi can help lend particular insight into this issue. The specific example that this paper focuses upon is the ‘social enterprise’: a form of organisation that combines both social and business objectives. The paper explores, conceptually, whether social enterprises may have the potential to act as one component of a neo-Polanyian countermovement: helping to re-embed the economy back into society, and offering greater recognition for a more comprehensive and socially imbued concept of health. Importantly, this potential is critically examined in the context of neoliberal hegemony, where challenges to the status quo have regularly been met with assimilation, co-option and/or repression. Journal: Review of Social Economy Pages: 89-111 Issue: 2 Volume: 75 Year: 2017 Month: 4 X-DOI: 10.1080/00346764.2016.1171383 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1171383 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:2:p:89-111 Template-Type: ReDIF-Article 1.0 Author-Name: Damiano Fiorillo Author-X-Name-First: Damiano Author-X-Name-Last: Fiorillo Author-Name: Nunzia Nappo Author-X-Name-First: Nunzia Author-X-Name-Last: Nappo Title: Formal volunteering and self-perceived health. Causal evidence from the UK-SILC Abstract: The paper assesses the causal relationship between formal volunteering and individual health. The econometric analysis employs data provided by the Income and Living Conditions Survey for the United Kingdom carried out by the European Union’s Statistics (UK-SILC) in 2006. Based on 2SLS, treatment effect and recursive bivariate probit models, and religious participation as instrument variable, and controlling for social and cultural capital, our results show a positive effect of formal volunteering on self-perceived health. Journal: Review of Social Economy Pages: 112-138 Issue: 2 Volume: 75 Year: 2017 Month: 4 X-DOI: 10.1080/00346764.2016.1186822 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1186822 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:2:p:112-138 Template-Type: ReDIF-Article 1.0 Author-Name: Tiago Neves Sequeira Author-X-Name-First: Tiago Neves Author-X-Name-Last: Sequeira Author-Name: Ricardo Viegas Author-X-Name-First: Ricardo Author-X-Name-Last: Viegas Author-Name: Alexandra Ferreira-Lopes Author-X-Name-First: Alexandra Author-X-Name-Last: Ferreira-Lopes Title: Income and religion: a heterogeneous panel data analysis Abstract: A recent empirical literature has addressed the relationship between income and religion, but most of the studies are based on microdata. Macroeconomic analysis of the issue has largely ignored the potential heterogeneity between countries. Using retrospective data on church attendance rates for a panel of countries between 1925 and 1990, we apply heterogeneous panel data estimators and reveal that the effect of participation in religious activities on income per capita is mostly non-significant. This is consistent with some of the recent research that casts doubt onto the influence of religion on income, once causality is taken into account. Journal: Review of Social Economy Pages: 139-158 Issue: 2 Volume: 75 Year: 2017 Month: 4 X-DOI: 10.1080/00346764.2016.1195640 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1195640 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:2:p:139-158 Template-Type: ReDIF-Article 1.0 Author-Name: Michael E Martell Author-X-Name-First: Michael E Author-X-Name-Last: Martell Author-Name: Mary Eschelbach Hansen Author-X-Name-First: Mary Author-X-Name-Last: Eschelbach Hansen Title: Sexual identity and the lesbian earnings differential in the U.S. Abstract: Two decades of research on wage differentials by sexual orientation uses data-sets that do not ask respondents about their own sexual orientation, even though sexual identity is key to theories that explain why a wage differential might exist. We show that many women who claim a lesbian identity for themselves are not classified as lesbian by researchers using the behavioral proxies typically available in the data. Conversely, many women who describe themselves as heterosexual are classified as lesbian because they report sexual experiences with women. Misclassification may lead to erroneous conclusions about changes in labor market outcomes. The results highlight the need to develop robust methods for collecting data on sexual identity and for more research on the interrelationship between sexual identity and behavior, especially occupational choice. Journal: Review of Social Economy Pages: 159-180 Issue: 2 Volume: 75 Year: 2017 Month: 4 X-DOI: 10.1080/00346764.2016.1219384 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1219384 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:2:p:159-180 Template-Type: ReDIF-Article 1.0 Author-Name: Yawo Agbényégan Noglo Author-X-Name-First: Yawo Agbényégan Author-X-Name-Last: Noglo Title: Non-monetary poverty in Togo: a multidimensional approach Abstract: The monetary approach is not sufficient to understand the multiple dimension of poverty. The purpose of this research is therefore to measure and analyze multidimensional poverty reduced to a single non-monetary dimension and according to the characteristics of household heads. Based on the non-monetary variables provided by the most recent country survey (QUIBB 2006), we use Multidimensional Correspondence Analysis techniques to construct a Composite Poverty Indicator. The results of the non-poverty index suggest that the poorest are large families and households in rural areas. The deprivation is also more serious in households whose heads are male, aged between 51 and 99 and less educated. The findings are the same for the monetary approach at the poverty line, leading to the conclusion that both types of poverty are quite strongly and positively correlated. Finally, we propose some recommendations for socioeconomic policies. Journal: Review of Social Economy Pages: 181-211 Issue: 2 Volume: 75 Year: 2017 Month: 4 X-DOI: 10.1080/00346764.2016.1219385 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1219385 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:2:p:181-211 Template-Type: ReDIF-Article 1.0 Author-Name: Giacomo Degli Antoni Author-X-Name-First: Giacomo Author-X-Name-Last: Degli Antoni Author-Name: Fabio Sabatini Author-X-Name-First: Fabio Author-X-Name-Last: Sabatini Title: Social cooperatives, social welfare associations and social networks Abstract: We use an original data-set to study how participation in two types of non-profit organizations – i.e. social welfare associations and social cooperatives – affects individual social capital, understood as a network of cooperative relationships. Participation in both the types of organization allows members to start new social relations. However, social welfare associations seem to play a significantly greater role in the development of volunteers’ social capital, favouring the creation of weak ties that are used to exchange information and advice, and offering the opportunity to establish stronger ties entailing concrete mutual support. Within social cooperatives, workers appear to develop their individual social capital to a greater extent than volunteers. Our results suggest that the composition of the workforce, the depth of members’ involvement in the organization’s activities and the human resources strategies adopted by the management influence the creation of cooperative relations through on-the-job interactions. Journal: Review of Social Economy Pages: 212-230 Issue: 2 Volume: 75 Year: 2017 Month: 4 X-DOI: 10.1080/00346764.2016.1226510 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1226510 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:2:p:212-230 Template-Type: ReDIF-Article 1.0 Author-Name: Robert H. Scott Author-X-Name-First: Robert H. Author-X-Name-Last: Scott Author-Name: Steven Pressman Author-X-Name-First: Steven Author-X-Name-Last: Pressman Title: House arrest: the effects of underwater and low-equity mortgages on small business failure and mobility Abstract: This paper studies the effects of the recent housing crash on small business survival and household geographic mobility. Although a number of other works have studied these issues, our analysis differs from these because we do not focus only on underwater mortgages (less than 0% home equity), but also those slightly above water (0-10% equity). Homeowners with little or no equity face considerable constraints regarding moving, starting a business or keeping a current business open. They are more like underwater homeowners, but they differ enough to deserve a separate categorization in comparative studies, rather than being conflated with all other homeowners that have positive equity. We use the Federal Reserve’s Survey of Consumer Finances panel data for 2007 and 2009, which allows us to track the exact same households during this critical time in the housing crisis. Journal: Review of Social Economy Pages: 231-249 Issue: 2 Volume: 75 Year: 2017 Month: 4 X-DOI: 10.1080/00346764.2016.1226511 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1226511 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:2:p:231-249 Template-Type: ReDIF-Article 1.0 Author-Name: Benjamin Ferguson Author-X-Name-First: Benjamin Author-X-Name-Last: Ferguson Author-Name: Nicholas Vrousalis Author-X-Name-First: Nicholas Author-X-Name-Last: Vrousalis Title: Exploitation and the social economy Journal: Review of Social Economy Pages: 91-93 Issue: 2 Volume: 77 Year: 2019 Month: 4 X-DOI: 10.1080/00346764.2019.1630947 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1630947 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:2:p:91-93 Template-Type: ReDIF-Article 1.0 Author-Name: Hillel Steiner Author-X-Name-First: Hillel Author-X-Name-Last: Steiner Title: Asymmetric information, libertarianism, and fraud Abstract: This paper argues (a) that while a no-fraud legal requirement does not follow from libertarian first principles, it is not only permitted – but also mandated – by them under certain conditions, and (b) that the claim that some fraudulent exchanges are morally invalid need not appeal to a theory of moral permissibility that is external to those principles. Journal: Review of Social Economy Pages: 94-107 Issue: 2 Volume: 77 Year: 2019 Month: 4 X-DOI: 10.1080/00346764.2019.1602280 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1602280 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:2:p:94-107 Template-Type: ReDIF-Article 1.0 Author-Name: Mark R. Reiff Author-X-Name-First: Mark Author-X-Name-Last: R. Reiff Title: The just price, exploitation, and prescription drugs: why free marketeers should object to profiteering by the pharmaceutical industry Abstract: Many people have been enraged lately by the enormous increases in certain generic prescription drugs. But free marketeers defend these prices by arguing that they simply represent what the market will bear, and in a capitalist society there is accordingly nothing wrong with charging them. This paper argues that such a defense is actually contrary to the very principles that free marketeers claim to embrace. These prices are not only unjust and exploitative, but government interference with them would not render the market less free, at least if what it means for a market to be “free” is properly understood. Everyone, even free marketeers with a libertarian or neoliberal bent, should accordingly be against this kind of profiteering. Journal: Review of Social Economy Pages: 108-142 Issue: 2 Volume: 77 Year: 2019 Month: 4 X-DOI: 10.1080/00346764.2018.1551561 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1551561 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:2:p:108-142 Template-Type: ReDIF-Article 1.0 Author-Name: Gabriel Wollner Author-X-Name-First: Gabriel Author-X-Name-Last: Wollner Title: Anonymous exploitation: non-individual, non-agential and structural Abstract: On contemporary standard accounts exploitation is of man by man: One individual exploits another through a particular transaction. This paper offers a departure from the individualist transactional paradigm of exploitation by formulating an account of anonymous exploitation. The departure is threefold. Anonymous exploitation may occur as non-individual exploitation in cases where exploiter, exploited or both are not individuals but group agents, it may occur as non-agential exploitation in cases where exploiter, exploited or both are not agents but non-agential groups and it may occur as structural exploitation in cases where structures are exploitative. I shall argue that anonymous exploitation in its three variants is a real, independent and non-mysterious phenomenon. To miss its significance is to miss the ‘genius’ or even to remain blind to important instances of exploitation. My argument proceeds in seven steps. In section 1, I offer a brief analysis of the concept of exploitation and spell out the desiderata that a successful theory of exploitation would have to satisfy. In section 2, I explain what I mean by anonymous exploitation. Section 3 explores the idea of non-individual exploitation; section 4 presents an account of non-agential exploitation and section 5 proceeds likewise with the idea of structural exploitation. Section 6 puts the individual steps of my argument together and I conclude in section 7. Journal: Review of Social Economy Pages: 143-162 Issue: 2 Volume: 77 Year: 2019 Month: 4 X-DOI: 10.1080/00346764.2018.1525758 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1525758 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:2:p:143-162 Template-Type: ReDIF-Article 1.0 Author-Name: Laurens van Apeldoorn Author-X-Name-First: Laurens Author-X-Name-Last: van Apeldoorn Title: Exploitation, international taxation, and global justice Abstract: I investigate the central principle that underlies the OECDs tax base erosion and profit shifting initiative. The principle claims that (corporate) profits should be taxed where economic activities deriving the profits are performed and where value is created. First, I argue that its plausibility depends on establishing that states have an entitlement to the productive factors in their territory, and therefore to a share of the value created by employing those factors. Second, I maintain that this cannot presently be established. If states fail to discharge duties requiring wealth redistribution, they do not have an unqualified right to the productive factors in their territory. Even if they are not subject to such duties, states can only legitimately claim a share in the fair value of the goods created. I show that given widespread exploitation in global value chains, the market prices of (intermediary) goods do not reflect their fair value. Journal: Review of Social Economy Pages: 163-183 Issue: 2 Volume: 77 Year: 2019 Month: 4 X-DOI: 10.1080/00346764.2018.1525759 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1525759 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:2:p:163-183 Template-Type: ReDIF-Article 1.0 Author-Name: Gilbert L. Skillman Author-X-Name-First: Gilbert L. Author-X-Name-Last: Skillman Title: Redistribution and persistent exploitation in an accumulation economy with decreasing marginal impatience Abstract: A variant of John Roemer’s accumulation economy is studied in which agents have identical payoff functions characterized by decreasing marginal impatience (DMI), such that time discount rates are decreasing in individual wealth levels. The implications of DMI for the existence and persistence of positive rates of profit and exploitation in the presence of capital accumulation, as well as for the dynamic redistribution of wealth, are derived. It is demonstrated that with DMI, differential ownership of productive assets is sufficient to ensure ongoing capital scarcity, and thus persistently positive rates of return and exploitation, as well as eventual redistribution of productive assets to the wealthiest agents. Journal: Review of Social Economy Pages: 184-207 Issue: 2 Volume: 77 Year: 2019 Month: 4 X-DOI: 10.1080/00346764.2018.1562199 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1562199 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:2:p:184-207 Template-Type: ReDIF-Article 1.0 Author-Name: Jonathan F. Cogliano Author-X-Name-First: Jonathan F. Author-X-Name-Last: Cogliano Author-Name: Roberto Veneziani Author-X-Name-First: Roberto Author-X-Name-Last: Veneziani Author-Name: Naoki Yoshihara Author-X-Name-First: Naoki Author-X-Name-Last: Yoshihara Title: Exploitation, skills, and inequality Abstract: This paper uses a computational framework to analyse the equilibrium dynamics of exploitation and inequality in accumulation economies with heterogeneous labour. A novel index is presented which measures the intensity of exploitation at the individual level and the dynamics of the distribution of exploitation intensity is analysed. Various taxation schemes are analysed which may reduce exploitation or inequalities in income and wealth. It is shown that relatively small taxation rates may have significant cumulative effects on wealth and income inequalities. Further, taxation schemes that eliminate exploitation also reduce disparities in income and wealth but in the presence of heterogeneous skills, do not necessarily eliminate them. The inegalitarian effects of different abilities need to be tackled with a progressive education policy that compensates for unfavourable circumstances. Journal: Review of Social Economy Pages: 208-249 Issue: 2 Volume: 77 Year: 2019 Month: 4 X-DOI: 10.1080/00346764.2019.1596296 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1596296 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:2:p:208-249 Template-Type: ReDIF-Article 1.0 Author-Name: Georges Enderle Author-X-Name-First: Georges Author-X-Name-Last: Enderle Title: Corporate responsibility for less income inequality Abstract: This article explores corporate responsibility for less income inequality within the boundaries of the organization and with regard to society at large. Instead of examining the entire range of income distribution, the focus is on the lower and upper ends. The ‘floor’ is defined as a living wage, supported by strong economic and ethical arguments and proposed as a minimal income standard that can – and thus should – be implemented by companies. As for the ethically acceptable ‘ceiling’ of executive compensation, its identification and justification are more complicated. However, strong economic and ethical arguments can be made in favor of a drastic reduction of executive pay. Corporate responsibility for less income inequality in society means, first, to ‘walk the talk’ and set an example and, second, to being ‘a good corporate citizen’ by supporting legislation for a living wage and an ethically acceptable ceiling of executive pay. Journal: Review of Social Economy Pages: 399-421 Issue: 4 Volume: 76 Year: 2018 Month: 10 X-DOI: 10.1080/00346764.2018.1525761 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1525761 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:4:p:399-421 Template-Type: ReDIF-Article 1.0 Author-Name: Reiko Gotoh Author-X-Name-First: Reiko Author-X-Name-Last: Gotoh Author-Name: Naoki Yoshihara Author-X-Name-First: Naoki Author-X-Name-Last: Yoshihara Title: Securing basic well-being for all Abstract: The purpose of this article is to examine the possibility of a social choice rule to implement a social policy for “securing basic well-being for all.” The article introduces a new scheme of social choice, called a social relation function (SRF), which associates a reflexive and transitive binary relation over a set of social policies to each profile of individual well-being appraisals and each profile of group evaluations. As part of the domains of SRFs, the available class of group evaluations is constrained by three conditions. Furthermore, the non-negative response (NR) and the weak Pareto condition (WP) are introduced. NR demands giving priority to group evaluation, while treating the groups as formally equal relative to each other. WP requires treating impartially the well-being appraisals of all individuals. In conclusion, this article shows that under some reasonable assumptions, there exists an SRF that satisfies NR and WP. Journal: Review of Social Economy Pages: 422-452 Issue: 4 Volume: 76 Year: 2018 Month: 10 X-DOI: 10.1080/00346764.2018.1529331 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1529331 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:4:p:422-452 Template-Type: ReDIF-Article 1.0 Author-Name: Pr Henri Atangana Ondoa Author-X-Name-First: Pr Henri Author-X-Name-Last: Atangana Ondoa Title: The effects of heavily indebted poor countries initiative (HIPC) on millennium development goals (MDGs) for education Abstract: In this study, we employ the difference in difference approach to estimate the impact of heavily indebted poor countries initiative on Millennium Development Goals for education in Africa. Using the World Bank data for the period 1990–2015, the studies further identifies other factors that contribute to the achievement of millennium development goals for education. For instance, because of HPIC, the level of the following education MDGs indicators increased: gross enrollment in primary school (21.69%), female-to-male ratio (8.68%) and primary completion rate (13.69). Our study also show that the probability to achieve the millennium development goals for education increases in: female primary education teachers; school enrollment in tertiary, private school enrollment; pupil–teacher ratio; control of corruption and political stability and decreases with increase in the rural population. In this perspective, government of African countries should promote governance, subsidy private schools and recruit female teachers. Journal: Review of Social Economy Pages: 453-479 Issue: 4 Volume: 76 Year: 2018 Month: 10 X-DOI: 10.1080/00346764.2018.1480794 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1480794 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:4:p:453-479 Template-Type: ReDIF-Article 1.0 Author-Name: Marwa Samet Author-X-Name-First: Marwa Author-X-Name-Last: Samet Author-Name: Khaireddine Mouakhar Author-X-Name-First: Khaireddine Author-X-Name-Last: Mouakhar Author-Name: Anis Jarboui Author-X-Name-First: Anis Author-X-Name-Last: Jarboui Title: Exploring the relationship between CSR performance and financial constraints: empirical evidence from European firms Abstract: This paper investigates the relationship between corporate social responsibility (CSR) activities and financial constraints. Our panel dataset consists of 397 European companies listed in the STOXX Europe 600 during 2009–2014. The findings reveal that firms with higher CSR performance exhibit lower degree of financial constraints. In addition, the link between CSR performance and financial constraints is a fully mediated relationship. The negative effect of CSR performance on financial constraints follows the path through mitigating agency conflicts of free cash flow and information asymmetry. The findings suggest that one mechanism linking CSR performance and financial constraints is a reduction of capital-market imperfections. Journal: Review of Social Economy Pages: 480-508 Issue: 4 Volume: 76 Year: 2018 Month: 10 X-DOI: 10.1080/00346764.2018.1480795 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1480795 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:4:p:480-508 Template-Type: ReDIF-Article 1.0 Author-Name: Petter Törnberg Author-X-Name-First: Petter Author-X-Name-Last: Törnberg Title: Complex realist economics: toward an ontology for an interested pluralism Abstract: Contemporary economic theory has entered into an era of unprecedented pluralism. Convincing arguments have been presented for the integration of this pluralism, the possibilities for which however rest on questions of ontology. This paper looks at two hubs of pluralist research, complexity economics and heterodox economics, to evaluate the possibilities for an integration. Complexity economics constitutes an ontological broadening of neoclassicism, but is based on an implicit and incomplete social ontology. Heterodox economics has been argued to be systematized by a critical realist ontology, but has been criticized for limits in the operationalization of this ontology. An ontological merge is sketched, resulting in Complex Realist economics, which is argued to be capable of resolving the ‘confused state’ of complexity economics, providing the heterodox tradition with the necessary methodologies to study the phenomena that it theorizes, and constituting a consistent ontological foundation for an ‘interested pluralism’. Journal: Review of Social Economy Pages: 509-534 Issue: 4 Volume: 76 Year: 2018 Month: 10 X-DOI: 10.1080/00346764.2018.1480796 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1480796 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:4:p:509-534 Template-Type: ReDIF-Article 1.0 Author-Name: Aboozar Hadavand Author-X-Name-First: Aboozar Author-X-Name-Last: Hadavand Title: Educational aid policy and inequality: the case for merit- and need-based aid Abstract: Using model in which the assignment of skills to tasks is determined by relative productivities and are endogenously determined by ability, access to higher education, and technology, I find the effect of different educational aid schemes (including need-based aid, merit-based aid, or a combination of the two) on the distribution of wages. I calibrate the model using NLSY97 data and find that in general, determining what policy minimizes inequality depends on the elasticities of demand for higher education of each ability/human capital group, the labor shares of each group, and the share of resources devoted to each group. Given the model parameters, both merit-based and need-based policies are preferred to a policy based on both merit and need. Moreover, under the model parameters, a need-based policy reduces wage inequality more than a merit-based policy. Journal: Review of Social Economy Pages: 535-562 Issue: 4 Volume: 76 Year: 2018 Month: 10 X-DOI: 10.1080/00346764.2018.1525760 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1525760 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:4:p:535-562 Template-Type: ReDIF-Article 1.0 Author-Name: Richard Bourke Author-X-Name-First: Richard Author-X-Name-Last: Bourke Title: Material incentives and Kantian optimisation: John E. Roemer on ‘left-right’ economics Abstract: John Roemer has argued in favour of rehabilitating Kanitanism as an antidote to the kind of utilitarian incentivisation theories associated with neoliberal economics. This article asks whether the ethical thought of Kant is in fact fit for purpose. Placing Kant in dialogue with other contemporary enlightenment thinkers, it also questions whether ‘solidarist’ social theories solve the problems Roemer associates with their ‘selfish’ competitors, and indeed whether the two approaches can be so neatly distinguished. Journal: Review of Social Economy Pages: 29-32 Issue: 1 Volume: 77 Year: 2019 Month: 1 X-DOI: 10.1080/00346764.2018.1463448 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1463448 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:1:p:29-32 Template-Type: ReDIF-Article 1.0 Author-Name: Giacomo Corneo Author-X-Name-First: Giacomo Author-X-Name-Last: Corneo Title: Some institutional design for shareholder socialism Abstract: In times of a declining labour share and an intense international tax competition, some form of market socialism may contribute to hold income inequality in check. However, the concept of market socialism involves three major pitfalls: cronyism, technological stagnation, and power concentration. These pitfalls could be avoided by an appropriate institutional design that includes the combination of public ownership with an extensive use of the stock market, an incentive-compatible mechanism for the takeover of private firms, and participatory democracy. Journal: Review of Social Economy Pages: 33-55 Issue: 1 Volume: 77 Year: 2019 Month: 1 X-DOI: 10.1080/00346764.2018.1529332 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1529332 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:1:p:33-55 Template-Type: ReDIF-Article 1.0 Author-Name: François Maniquet Author-X-Name-First: François Author-X-Name-Last: Maniquet Title: Comments on John Roemer’s first welfare theorem of market socialism* Abstract: In this comment on John Roemer’s “theory of cooperation with an application to market socialism”, I extend Roemer’s first welfare theorem of market socialism in two directions. First, I prove a version of the theorem that deals with non-linear taxation. Second, I offer a connection between the theorem and welfare equality. I then argue that the models and questions that Roemer contribute to bring to welfare economics raise questions that go much beyond the research on socialist ethics. In particular, I introduce a positive model of moral behavior that yields different predictions from Roemer’s Kantian model. I conclude that individual morality should become a central concern of welfare economists. Journal: Review of Social Economy Pages: 56-68 Issue: 1 Volume: 77 Year: 2019 Month: 1 X-DOI: 10.1080/00346764.2018.1551562 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1551562 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:1:p:56-68 Template-Type: ReDIF-Article 1.0 Author-Name: John E. Roemer Author-X-Name-First: John E. Author-X-Name-Last: Roemer Title: A theory of cooperation in games with an application to market socialism Abstract: Economic theory has focused almost exclusively on how humans compete with each other in their economic activity, culminating in general equilibrium (Walras–Arrow–Debreu) and game theory (Cournot–Nash). Cooperation in economic activity is, however, important, and is virtually ignored. Because our models influence our view of the world, this theoretical lacuna biases economists’ interpretation of economic behavior. Here, I propose models that provide micro-foundations for how cooperation is decentralized by economic agents. It is incorrect, in particular, to view competition as decentralized and cooperation as organized only by central diktat. My approach is not to alter preferences, which is the strategy behavioral economists have adopted to model cooperation, but rather to alter the way that agents optimize. Whereas Nash optimizers view other players in the game as part of the environment (parameters), Kantian optimizers view them as part of action. When formalized, this approach resolves the two major failures of Nash optimization from a welfare viewpoint – the Pareto inefficiency of equilibria in common-pool resource problems (the tragedy of the commons) and the inefficiency of equilibria in public-good games (the free rider problem). An application to market socialism shows that the problems of efficiency and distribution can be completely separated: the dead-weight loss of taxation disappears. Journal: Review of Social Economy Pages: 1-28 Issue: 1 Volume: 77 Year: 2019 Month: 1 X-DOI: 10.1080/00346764.2018.1555647 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1555647 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:1:p:1-28 Template-Type: ReDIF-Article 1.0 Author-Name: Antoni Bosch-Domènech Author-X-Name-First: Antoni Author-X-Name-Last: Bosch-Domènech Author-Name: Joaquim Silvestre Author-X-Name-First: Joaquim Author-X-Name-Last: Silvestre Title: Experiment-inspired comments on John Roemer’s theory of cooperation Abstract: We report on a nonsocial experiment where we find that all participants choose the dominant strategy in the experimental payoff, and compare it with the payoff-isomorphic, but social, Prisoner’s Dilemma treatment presented in a recent paper by Bosch-Domènech and Silvestre where 28% choose cooperation instead of the dominant strategy. The contrast reinforces Roemer’s emphasis on human cooperation. Next, we argue that Roemer’s Simple Kantian Equilibrium works well as a theory of cooperation under the assumption of monotonicity (positive or negative externalities), but not when efficient cooperation requires the division of labor by coordinating dissimilar tasks. Journal: Review of Social Economy Pages: 69-89 Issue: 1 Volume: 77 Year: 2019 Month: 1 X-DOI: 10.1080/00346764.2018.1562200 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1562200 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:1:p:69-89 Template-Type: ReDIF-Article 1.0 Author-Name: Tsiry Andrianampiarivo Author-X-Name-First: Tsiry Author-X-Name-Last: Andrianampiarivo Title: Moderate prosperity, an adaptation of the middle class concept to a Malagasy rural area: the case of Itasy Abstract: In order to adapt the controversial sociological concept of ‘Middle Class’ to an African agriculture-based economy, exemplified by Madagascar, we propose the concept of Moderate Prosperity. As a case study, we use detailed data from 508 households in the 2008 Itasy Observatory. We stratify them using four distinguishing socio-economic factors: household income quintile, head of household’s education level, income structure and land tenure. We describe four Moderate Prosperity clusters that reflect the agro-economic diversity of the Itasy region: a vulnerable group of agriculturally diversified households in the third income quintile with locally issued land title; an emerging group of skilled, polyculture farmers belonging to both the lowest and highest quintiles; a traditional group of uneducated rice farmers in the fourth quintile with traditional land ownership; and an upper group of educated livestock farmers, non-agricultural independents and workers, belonging to the top income quintile with locally issued land title. Journal: Review of Social Economy Pages: 26-48 Issue: 1 Volume: 75 Year: 2017 Month: 1 X-DOI: 10.1080/00346764.2016.1171384 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1171384 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:1:p:26-48 Template-Type: ReDIF-Article 1.0 Author-Name: Geoffrey M. Hodgson Author-X-Name-First: Geoffrey M. Author-X-Name-Last: Hodgson Title: Karl Polanyi on economy and society: a critical analysis of core concepts Abstract: The Review of Social Economy was founded to highlight the irreducible social aspects of economic activity. Yet, the nature of the ‘social’ and the ‘economic’ are both unresolved, and they are much more problematic than often assumed. This article probes Karl Polanyi’s depiction of the relationship between the ‘social’ and the ‘economic’ and subsequent discourse on ‘embeddedness’. In his Great Transformation (1944) Polanyi associated the ‘economic’ with motives of material gain, while ‘social’ referred to norms of reciprocity and redistribution: his distinction between the ‘social’ and the ‘economic’ then focused primarily on different kinds of motivation. But in a 1957 essay he brought in different kinds of institutions that engender different types of motivation. Polanyi (1944) argued that after 1800 Britain was transformed into a market-oriented ‘economic’ system, based on motives of greed and material gain. He also proposed that an effective market system had to be ‘self-adjusting’ and free of political interference, despite his important additional claim that the state was involved in its creation. Some of Polanyi’s core concepts and arguments are contradictory and problematic, and need to be reconsidered, especially if his enduring insights are to be salvaged. Journal: Review of Social Economy Pages: 1-25 Issue: 1 Volume: 75 Year: 2017 Month: 1 X-DOI: 10.1080/00346764.2016.1171385 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1171385 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:1:p:1-25 Template-Type: ReDIF-Article 1.0 Author-Name: Maryam Dilmaghani Author-X-Name-First: Maryam Author-X-Name-Last: Dilmaghani Title: Religiosity and social trust: evidence from Canada Abstract: Using the latest wave of the Canadian Ethnic Diversity Survey, I investigate whether religious identity and religious intensity associate with the degree to which people trust others, controlling for a wide range of characteristics. The analysis shows that Canadian Roman Catholics are appreciably less trusting than mainline Protestants, and religious nones are situated in between these two groups. With regard to religious intensity, I find that higher commitment negatively correlates with trust in unknown others for Roman Catholics. The reverse is true for Protestants. Results also show stark cross-denominational variations within Protestantism, as two highly committed denominations of Mennonite and Pentecostal are found to be the most and the least trusting religious groups in Canada. No non-Christian religious minority is found statistically significantly less trusting than Canadian Roman Catholics. Considering particularized trust in one’s neighbours and co-workers yields comparable conclusions. Journal: Review of Social Economy Pages: 49-75 Issue: 1 Volume: 75 Year: 2017 Month: 1 X-DOI: 10.1080/00346764.2016.1186820 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1186820 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:1:p:49-75 Template-Type: ReDIF-Article 1.0 Author-Name: Stefan Mann Author-X-Name-First: Stefan Author-X-Name-Last: Mann Author-Name: Benoit Freyens Author-X-Name-First: Benoit Author-X-Name-Last: Freyens Author-Name: Huong Dinh Author-X-Name-First: Huong Author-X-Name-Last: Dinh Title: Crises and structural change in Australian agriculture Abstract: We present a model of structural change in the farming sector in which natural and economic crises decrease farmers’ work satisfaction, farm profitability, and the decision to stay in farming. Using data from the Australian Regional Well-being survey, activity choice modeling, and a structural equation approach, we test the hypothesis that these crises-induced effects then cause structural change in Australian agriculture. We find that external shocks, such as drought or economic downturn, negatively affect farmers’ welfare, which in turn causes structural change through revised activity choices. Our empirical findings also indicate that specific adjustment strategies such as buying additional water titles or reducing input use are insufficient to mitigate adverse crises effects. Journal: Review of Social Economy Pages: 76-87 Issue: 1 Volume: 75 Year: 2017 Month: 1 X-DOI: 10.1080/00346764.2016.1219383 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1219383 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:1:p:76-87 Template-Type: ReDIF-Article 1.0 Author-Name: Marco Stimolo Author-X-Name-First: Marco Author-X-Name-Last: Stimolo Title: An economic agent in my brain? A critical analysis of multiple-self models in neuroeconomics Abstract: Neuroeconomic multiple-self models describe individuals’ choices as the equilibrium of the interaction amongst neural sites modelled as economic agents. This approach aims at explaining some inter-temporal inconsistency problems and the rejection of unfair offers in ultimatum games. However, the experiments on these models do not provide replicable results. The standard view interprets this problem as due to inadequate econometric techniques. Conversely, this paper shows that the non-replicability problem arises from a conundrum of multiple-self models’ (MSMs) theory. It illustrates how the assumption of neuroeconomic agents is deduced from the revealed preferences theory applied to the neuro-level. Therefore, the paper shows how experiments on MSMs cannot test the assumption of neuroeconomic agents but only the empirical hypotheses that derive from it. This entails that the assumption of neuroeconomic agents is a tautology, which might generate hypotheses that do not robustly identify the neural correlates of behaviour. Journal: Review of Social Economy Pages: 329-348 Issue: 4 Volume: 74 Year: 2016 Month: 10 X-DOI: 10.1080/00346764.2016.1171380 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1171380 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:4:p:329-348 Template-Type: ReDIF-Article 1.0 Author-Name: Helena Lopes Author-X-Name-First: Helena Author-X-Name-Last: Lopes Title: Agency theory and social interactions at work Abstract: The main aim of this paper is to show that even when integrating the findings of behavioral economics, agency theory’s conception of interactions at work does not actually account for cooperative behavior. The paper draws on the distinction between the concepts of individual and person to critically examine this conception and show that, while work is mostly organized on the assumption that workers are self-interested individuals, management rhetoric addresses workers as persons in an attempt to prompt their cooperation and personal commitment. This managerial paradox may partly be due to the prevalent influence of agency theory’s prescriptions and has been contributing to a severe deterioration of the quality of working life. But it also indicates that agency theory has to confront serious theoretical and prescriptive dilemmas. Journal: Review of Social Economy Pages: 349-368 Issue: 4 Volume: 74 Year: 2016 Month: 10 X-DOI: 10.1080/00346764.2016.1171381 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1171381 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:4:p:349-368 Template-Type: ReDIF-Article 1.0 Author-Name: Manuel Couret Branco Author-X-Name-First: Manuel Author-X-Name-Last: Couret Branco Title: Economics for substantive democracy Abstract: In this paper, I sustain that the discourse of economics has become one of the most substantial contributors to the erosion of the democratic ideal. The first argument used in this case against economics concerns its attempt to be considered a neo-naturalistic science; the second, the fact that economics considers democracy contradictory to the expression of its scientific rationality and; the third, the fact that economics crowds out people from decision-making processes by pushing them into the hands of experts. Because partisan political programmes have essentially become economic programmes, economics should contribute to substantive democracy. In order to do so, an alternative discourse to mainstream economics must be proposed. An economics favourable to substantive democracy should, thereby, be political rather than naturalistic, pluralist rather than monist and, instead of crowding out people from decisions processes, should aim at the co-production of economic knowledge with those concerned by the outcome of economic decisions. Journal: Review of Social Economy Pages: 369-389 Issue: 4 Volume: 74 Year: 2016 Month: 10 X-DOI: 10.1080/00346764.2016.1171382 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1171382 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:4:p:369-389 Template-Type: ReDIF-Article 1.0 Author-Name: Franklin Obeng-Odoom Author-X-Name-First: Franklin Author-X-Name-Last: Obeng-Odoom Title: Marketising the commons in Africa: the case of Ghana Abstract: The recent surge in the marketisation of the commons in Africa – especially of water bodies – warrants careful political economic analysis. Three questions remain intractable: (1) Were there markets in the beginning? If so, how have they transformed and if not, how did markets arise and transform over the years? (2) what are the outcomes of such markets for people, their livelihoods, and their environment? And (3) how to interpret the outcomes of water markets and whether water should be commodified at all. For new institutional economists, water markets have arisen because of the inferior nature of Indigenous or customary systems which are incapable of offering precisely what water markets offer Africa: economic and ecological fortunes. Using an institutional political economy approach and drawing on experiences in Ghana, the paper investigates the social history of marketisation of the commons and probes the effects of marketisation in terms of absolute, relative, and differential/congruent outcomes as well as the opportunity cost of the current water property rights regime. The empirical evidence shows that markets have been socially created through imposed and directed policies. Some jobs have been created through investment, but such employment is not unique to marketisation and private investment. Indeed, the private model of property rights has worsened the distribution of water resources not only within different property relations in Africa but also between diverse property relations. Water markets have been responsible for much displacement and trouble not only for communities but also nature. Overall, there is no necessary congruence between the promises made by new institutional economists and how communities experience water markets. Tighter regulations for the use of inland and transboundary water sources might temporarily halt the displacement of communities sparked by marketisation of the commons, but only one fundamental change can guarantee community well-being: to regard the access to and community control of water as constitutionally sanctioned human rights and as res communis. Journal: Review of Social Economy Pages: 390-419 Issue: 4 Volume: 74 Year: 2016 Month: 10 X-DOI: 10.1080/00346764.2016.1186819 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1186819 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:4:p:390-419 Template-Type: ReDIF-Article 1.0 Author-Name: Tonia Warnecke Author-X-Name-First: Tonia Author-X-Name-Last: Warnecke Title: Capabilities, human development, and design thinking: a framework for gender-sensitive entrepreneurship programs Abstract: This paper discusses the ways that capabilities and human development theory can guide the creation of entrepreneurship programs, utilizing a framework of human-centered design thinking. It is well known that a variety of institutional factors shape gender outcomes and gender inequality within entrepreneurship, particularly with regard to necessity versus opportunity entrepreneurship and informal versus formal sector entrepreneurship. Failure to understand the diversity of entrepreneurial activity among women, and the connection (or lack thereof) of such activity to human freedom, leads to biased entrepreneurship programs. This paper links social economic theory and practice by: (1) discussing the ways that capabilities and human development theory relate to entrepreneurship programs; (2) demonstrating that human-centered design thinking reflects the capabilities approach; and (3) showing how the design thinking framework would be used to create a gender-sensitive entrepreneurship program. Journal: Review of Social Economy Pages: 420-430 Issue: 4 Volume: 74 Year: 2016 Month: 10 X-DOI: 10.1080/00346764.2016.1201136 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1201136 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:4:p:420-430 Template-Type: ReDIF-Article 1.0 Author-Name: The Editors Title: Editorial Board Journal: Review of Social Economy Pages: (ebi)-(ebi) Issue: 4 Volume: 74 Year: 2016 Month: 10 X-DOI: 10.1080/00346764.2016.1232512 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1232512 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:74:y:2016:i:4:p:(ebi)-(ebi) Template-Type: ReDIF-Article 1.0 Author-Name: Jean-Philippe Berrou Author-X-Name-First: Jean-Philippe Author-X-Name-Last: Berrou Author-Name: Claire Gondard-Delcroix Author-X-Name-First: Claire Author-X-Name-Last: Gondard-Delcroix Title: Dynamics of social networks of urban informal entrepreneurs in an African economy Abstract: This paper carries out an analysis of the formation and transformation of social relations and networks of access to resources in the professional trajectory of micro-entrepreneurs operating in an urban informal African economy. The analysis of social networks is rooted in Granovetter’s structural embeddedness framework combined with the dynamic and discursive conception of social relations of Harisson White (embeddedness and decoupling). Life stories of micro and small entrepreneurs in Bobo-Dioulasso (Burkina-Faso) are analyzed by mixing qualitative and quantitative methods. Results suggest that the construction of social networks and interpersonal relations of access to resources is a long-term process. A co-construction of social networks and economic activity is observed; it challenges the argument that social capital is a substitute for a lack of personal resources. The growth of small and micro activities is linked to the professionalization and stabilization of a social network, and even to the institutionalization of access to resources. Journal: Review of Social Economy Pages: 167-197 Issue: 2 Volume: 76 Year: 2018 Month: 4 X-DOI: 10.1080/00346764.2017.1349330 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1349330 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:2:p:167-197 Template-Type: ReDIF-Article 1.0 Author-Name: Jan Kregel Author-X-Name-First: Jan Author-X-Name-Last: Kregel Title: What we could have learned from the New Deal in dealing with the recent global recession* Abstract: Modern policy-makers have learned little from the Great Depression and the policy responses of the 1930s. Yet, there is a great deal to learn from the New Deal: quelling the fear and uncertainty of mass unemployment in the pragmatic, experimental process through which the tool for achieving this objective—directed government expenditure—was accepted, even though the New Deal’s public works policies and direct provision of paid employment, rather than being informed by a Keynesian theory of macroeconomic stabilization, were designed to support morale, provide relief from the suffering and uncertainty of unemployment, and serve as a bulwark against more interventionist alternatives. Countering the deep uncertainty in the real sector of the economy thus collided with Roosevelt’s commitment to rein in fiscal deficits, and the resolution of this internal conflict in favor of support for employment and incomes provides the essential, largely ignored lesson of the 1930s. Journal: Review of Social Economy Pages: 147-166 Issue: 2 Volume: 76 Year: 2018 Month: 4 X-DOI: 10.1080/00346764.2017.1356655 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1356655 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:2:p:147-166 Template-Type: ReDIF-Article 1.0 Author-Name: Stefano Fiori Author-X-Name-First: Stefano Author-X-Name-Last: Fiori Title: Formal and informal norms: their relationships in society and in the economic sphere Abstract: The thesis put forward in this paper is that in social life in general, and in the economic sphere in particular, the relationships between formal norms and informal social norms can be interpreted in terms of either reciprocal complementarity or conflict. The concept of complementarity illustrates how the two kinds of norms cooperate with and reinforce each other, and describes under what circumstances formal norms can or cannot replace informal rules. Conversely, the notion of conflict between different kinds of norms distinguishes two forms of antagonism: prohibition (which occurs when one type of norm prohibits enforcement of the other), and mutual exclusiveness (which occurs when one type of norm crowds out the other, without this entailing prohibition). Journal: Review of Social Economy Pages: 198-226 Issue: 2 Volume: 76 Year: 2018 Month: 4 X-DOI: 10.1080/00346764.2017.1423510 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1423510 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:2:p:198-226 Template-Type: ReDIF-Article 1.0 Author-Name: Rosalia Castellano Author-X-Name-First: Rosalia Author-X-Name-Last: Castellano Author-Name: Gennaro Punzo Author-X-Name-First: Gennaro Author-X-Name-Last: Punzo Author-Name: Antonella Rocca Author-X-Name-First: Antonella Author-X-Name-Last: Rocca Title: The generational perspective of gender gap in wages and education in southern Europe Abstract: This paper aims at investigating gender differentials in wages and education from an intergenerational perspective across four developed countries of southern Europe, considering the generational transmission of preferences and the gender equality systems and policies. Measures of gender inequality in wages and education permit exploring the different extent to which gender gaps depend on unobserved factors, such as discrimination. A first set of discrimination indexes is computed starting from the estimation of extended Mincerian log-earnings equations, whereas a second set is based on the estimation of ordered logistic regressions on a range of personal characteristics considered to be linked to education, controlling for family background. The main results show that family background affects the degree of gender inequality more than the gender equality policies do. Gender disparities in professional outcomes can be partly due to women’s preferences vs. lower-paid jobs because of the incomplete efficacy of national systems. Journal: Review of Social Economy Pages: 227-258 Issue: 2 Volume: 76 Year: 2018 Month: 4 X-DOI: 10.1080/00346764.2017.1423512 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1423512 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:2:p:227-258 Template-Type: ReDIF-Article 1.0 Author-Name: Alisha A. Kim Author-X-Name-First: Alisha A. Author-X-Name-Last: Kim Author-Name: Jonas B. Bunte Author-X-Name-First: Jonas B. Author-X-Name-Last: Bunte Title: Demand for different types of public goods: evidence from Nigeria Abstract: Preferences of Nigerian households vary across different types of public goods. For example, some prefer roads while others favor education even after controlling for the existing supply of these goods. What explains this variation? We argue that the perceived distributional consequences of specific public goods differ conditional on the personal characteristics of households. In particular, households demand the type of public good that (a) increases the utility of assets they already own and (b) resonates with their past experiences involving the lack of particular public goods. We test our argument with data on 123,000 Nigerian households. We find strong evidence for our argument across six types of public goods. Journal: Review of Social Economy Pages: 259-279 Issue: 2 Volume: 76 Year: 2018 Month: 4 X-DOI: 10.1080/00346764.2018.1424930 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1424930 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:2:p:259-279 Template-Type: ReDIF-Article 1.0 Author-Name: Alexander William Salter Author-X-Name-First: Alexander William Author-X-Name-Last: Salter Author-Name: Richard E. Wagner Author-X-Name-First: Richard E. Author-X-Name-Last: Wagner Title: Political entrepreneurship, emergent dynamics, and constitutional politics Abstract: Constitutional political economy mostly distinguishes between rules and actions, with rules selected prior to actions within those rules. While we accept the coherence of this distinction, we pursue it within an open rather than closed scheme of analysis. Doing this entails recognition that societies rarely exhibit universal agreement about constitutional provisions. Recognizing the incomplete character of constitutional agreement points to the existence of margins of contestation. Along those margins, political entrepreneurship will be active in promoting support for alternative constitutional interpretations. Within open systems of creative and entrepreneurial action, constitutional reinterpretation is continually injected into society. Acquiescence in the presence of power does not imply agreement about its use. Rather, acquiescence means the constitutional contestation becomes an element of ordinary politics and not an activity that is prior to ordinary politics. It also means that emergent dynamics supplements comparative statics as a method of analysis. Journal: Review of Social Economy Pages: 281-301 Issue: 3 Volume: 76 Year: 2018 Month: 7 X-DOI: 10.1080/00346764.2018.1425897 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1425897 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:3:p:281-301 Template-Type: ReDIF-Article 1.0 Author-Name: C. W. M. Naastepad Author-X-Name-First: C. W. M. Author-X-Name-Last: Naastepad Author-Name: Jesse M. Mulder Author-X-Name-First: Jesse M. Author-X-Name-Last: Mulder Title: Robots and us: towards an economics of the ‘Good Life’ Abstract: (Expected) adverse effects of the ‘ICT Revolution’ on work and opportunities for individuals to use and develop their capacities give a new impetus to the debate on the societal implications of technology and raise questions regarding the ‘responsibility’ of research and innovation (RRI) and the possibility of achieving ‘inclusive and sustainable society’. However, missing in this debate is an examination of a possible conflict between the quest for ‘inclusive and sustainable society’ and conventional economic principles guiding capital allocation (including the funding of research and innovation). We propose that such conflict can be resolved by re-examining the nature and purpose of capital, and by recognising mainstream economics’ utilitarian foundations as an unduly restrictive subset of a wider Aristotelian understanding of choice. Journal: Review of Social Economy Pages: 302-334 Issue: 3 Volume: 76 Year: 2018 Month: 7 X-DOI: 10.1080/00346764.2018.1432884 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1432884 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:3:p:302-334 Template-Type: ReDIF-Article 1.0 Author-Name: Carlos Ferreira Author-X-Name-First: Carlos Author-X-Name-Last: Ferreira Author-Name: Jennifer Ferreira Author-X-Name-First: Jennifer Author-X-Name-Last: Ferreira Title: Political markets? Politics and economics in the emergence of markets for biodiversity offsets Abstract: This paper analyses the relationship between politics and performativity of economics in the emergence of markets for biodiversity offsets. While the role of economics in constructing markets has been demonstrated by sociology and social studies of science, it has also become apparent that politics plays an important role in the material outcome of economic experiments. Two case studies of the creation of markets for biodiversity offsets are analysed, in the United States and England. The findings suggest that the creation of both markets is rooted in the language, concepts and models of economics. Politics, on the other hand, functions as a mediator of the material expression of those models. Through this mediation effect, similar economic models are performed differently, resulting in a variety of markets. This suggests that the material outcomes of processes of market creation are not defined at the outset, but can be influenced by political processes. Journal: Review of Social Economy Pages: 335-351 Issue: 3 Volume: 76 Year: 2018 Month: 7 X-DOI: 10.1080/00346764.2018.1463445 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1463445 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:3:p:335-351 Template-Type: ReDIF-Article 1.0 Author-Name: Katarzyna Cieslik Author-X-Name-First: Katarzyna Author-X-Name-Last: Cieslik Title: The quandaries of social entrepreneurship studies – a discursive review of the discipline Abstract: The aim of this paper is to investigate the ways in which social entrepreneurship knowledge is both propelled and hindered by the socioeconomic circumstances. We examine the existing body of research and identify different conceptualizations and main schools of thought. We then demonstrate how the process of constructing academic representation is shaped by the prevalent public discourses. Our analysis leads to the differentiation between social entrepreneurship as mitigation and social entrepreneurship as transformation. We conclude that a better alignment of the two approaches – broadening research focus from outcome to process – would reveal their complementarity and contribute to the conceptual advancement of the discipline. We propose expanding the existing approaches with the politics of social entrepreneurship studies and stress the importance of increased reflexivity on the plight of the new discipline. Journal: Review of Social Economy Pages: 352-376 Issue: 3 Volume: 76 Year: 2018 Month: 7 X-DOI: 10.1080/00346764.2018.1463446 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1463446 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:3:p:352-376 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew Mearman Author-X-Name-First: Andrew Author-X-Name-Last: Mearman Author-Name: Danielle Guizzo Author-X-Name-First: Danielle Author-X-Name-Last: Guizzo Author-Name: Sebastian Berger Author-X-Name-First: Sebastian Author-X-Name-Last: Berger Title: Is UK economics teaching changing? Evaluating the new subject benchmark statement Abstract: This paper evaluates the recent reform to the curricular governance framework for UK Economics teaching: the revised Subject Benchmark Statement document for Economics (SBSE). The crisis of confidence in economics which was amplified by the global financial crisis presented an opportunity for fundamental change in economics teaching. The paper asks whether the new SBSE represents change. We ask whether the new SBSE is pluralist with regard to economic theory and method; how it treats the economy and its wider socio-political dimension; what are its educational goals and approach; and overall, how much change has it brought? The paper concludes that the new SBSE does not constitute change: it still exhibits limited pluralism, ignores ethics, power and politics and ignores key educational goals. Journal: Review of Social Economy Pages: 377-396 Issue: 3 Volume: 76 Year: 2018 Month: 7 X-DOI: 10.1080/00346764.2018.1463447 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1463447 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:3:p:377-396 Template-Type: ReDIF-Article 1.0 Author-Name: Nathanael Ojong Author-X-Name-First: Nathanael Author-X-Name-Last: Ojong Title: Trust, cultural norms and financial institutions in rural communities: the case of Cameroon Abstract: The success of the operations of formal and informal financial institutions (IFIs) hinges on a high degree of trust. The pivotal role of trust warrants careful analysis regarding its formation in these financial institutions. Using the case of Cameroon, the paper interrogates trust development between formal financial institutions and their clients, and between IFIs and their members. Trust formation occurs via certain cognitive trust-building processes: calculative, prediction, intentionality, capability, and transference processes. The paper argues that trust formation through these processes is predicated upon cultural values and beliefs. It is precisely because of cultural norms that traditional leaders play a role in ensuring that loans granted by formal financial institutions are repaid, thereby serving as principal actors in the functioning of financial capitalism in rural areas. The interplay between culture and financial institutions reconfigures the financial architecture in rural zones. Culture creates a social relational anthropology that is significant for how financial institutions operate. Journal: Review of Social Economy Pages: 19-42 Issue: 1 Volume: 76 Year: 2018 Month: 1 X-DOI: 10.1080/00346764.2017.1300316 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1300316 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:1:p:19-42 Template-Type: ReDIF-Article 1.0 Author-Name: Ellen Mutari Author-X-Name-First: Ellen Author-X-Name-Last: Mutari Title: Metaphors, social practices, and economic life: ASE presidential address Abstract: Our lived experiences of the economy shape the metaphors that we use to describe the economy. Yet, any particular metaphor can only provide a partial perspective. There are two ways our conceptual frameworks have reflected partial perspectives. The first is historical: our conceptual frameworks tend to build upon ideas developed during the factory age. A machine metaphor, grounded in the industrial age, focuses on the transformation of resources into outputs, but it obscures other aspects of economic life. Second, economic concepts and metaphors are affected by our personal standpoints and our social identities. As social economists, we recognize that our economy is embedded in society, a society in which social identities such as class, gender, race, ethnicity, and nationality shape our standpoints. To fully understand the continuities and changes in how social provisioning is organized, we need to be attentive to these social identities and how they are constituted and transformed through social practices. Journal: Review of Social Economy Pages: 1-18 Issue: 1 Volume: 76 Year: 2018 Month: 1 X-DOI: 10.1080/00346764.2017.1306750 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1306750 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:1:p:1-18 Template-Type: ReDIF-Article 1.0 Author-Name: Norbert Hirschauer Author-X-Name-First: Norbert Author-X-Name-Last: Hirschauer Author-Name: Antje Jantsch Author-X-Name-First: Antje Author-X-Name-Last: Jantsch Author-Name: Oliver Musshoff Author-X-Name-First: Oliver Author-X-Name-Last: Musshoff Title: Developing business ethics theory and integrating economic analysis into business ethics teaching – a conceptualization based on externalities and diminishing marginal utility Abstract: Contrary to understandings that treat ethical considerations and economic thinking as separate if not antagonistic issues, we advocate a holistic view that links business ethics to consequentialist economic concepts and their concern about how scarce means should be used for the attainment of (given) ends. We believe that business ethics students will profit from a development of business ethics theory that facilitates an outcome-based evaluation of business strategies anchored in the economic concepts of externalities, game theory, equilibria, efficiency, transaction costs, and diminishing marginal utility. We outline how moral judgments about (socially irresponsible) business behaviors, which often lack theoretical grounding and self-critical examination, can be made both more consistent and transparent through a systematic application of these theoretical concepts. We furthermore point out that, in this evaluative exercise, business ethics analysts should make all assumptions explicit to meet their task of facilitating informed public debates and informed moral choices. Journal: Review of Social Economy Pages: 43-72 Issue: 1 Volume: 76 Year: 2018 Month: 1 X-DOI: 10.1080/00346764.2017.1333132 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1333132 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:1:p:43-72 Template-Type: ReDIF-Article 1.0 Author-Name: Gherardo Girardi Author-X-Name-First: Gherardo Author-X-Name-Last: Girardi Author-Name: Luca Sandonà Author-X-Name-First: Luca Author-X-Name-Last: Sandonà Title: Incorporating research findings in the economics syllabus: evidence on genuine sociality from Italy and the UK Abstract: Economics education is proving slow in incorporating into the syllabus the genuine advances made in economics research in the last few decades. As economics education relies primarily on the single approach of neoclassical economics, whilst recent advances in research have been marked by a wide variety of approaches, many of which are interdisciplinary, the methodological divide between education and research is growing wider. We attempt to measure how keen students are to incorporate research findings in the syllabus by developing a questionnaire which introduces undergraduate students in Italy and the U.K. to key findings in the research literature on genuine sociality, an area in which the methodological divide is very noticeable. Students display moderate support for being taught the material on genuine sociality. Students who wish to incorporate genuine sociality in the syllabus tend to be older, value virtue and have a religion. Journal: Review of Social Economy Pages: 73-94 Issue: 1 Volume: 76 Year: 2018 Month: 1 X-DOI: 10.1080/00346764.2017.1349329 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1349329 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:1:p:73-94 Template-Type: ReDIF-Article 1.0 Author-Name: Amy Farmer Author-X-Name-First: Amy Author-X-Name-Last: Farmer Author-Name: Raja Kali Author-X-Name-First: Raja Author-X-Name-Last: Kali Title: Friendship, not altruism: an economic theory with cross-cultural applications Abstract: Friendship is both ubiquitous and economically important, but neglected in the economic literature. We provide a definition of friendship supported by anthropology research that we believe is plausible, widely accepted, and distinct from altruism. This motivates a game-theoretic model of friendship that provides a characterization of how friendship in a bilateral relationship can explain cooperation in a finite-horizon setting without the aid of altruism or pro-social preferences. We highlight the difference between two key equilibria of our model: opportunistic friendship that is short-lived and driven by material support, and sustained friendship that is long-lived and is distinguished from opportunistic friendship by the provision of support without the expectation of return. Opportunistic friendship seems more likely in environments characterized by economic uncertainty such as in developing countries or immigrant communities. We provide cross-cultural examples of friendship that are consistent with the conditions underpinning opportunistic versus sustained friendship equilibria. Journal: Review of Social Economy Pages: 119-145 Issue: 1 Volume: 76 Year: 2018 Month: 1 X-DOI: 10.1080/00346764.2017.1349331 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1349331 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:1:p:119-145 Template-Type: ReDIF-Article 1.0 Author-Name: Pablo Paniagua Author-X-Name-First: Pablo Author-X-Name-Last: Paniagua Title: Money and the emergence of knowledge in society Abstract: This paper deals with money’s epistemic relevance in society. Money presents theoretical difficulties for neoclassical economics, which treats it as a cost-reducing tool, leading to a socially neutral, aseptic view on money. Drawing from complexity and social theory I provide a socio-epistemic rationalization for money’s irreplaceable role. Building upon Ingham’s Money Is a Social Relation, I argue that money generates a new orderly system of complex social relations that in turn engenders knowledge as an emergent social and ontological phenomenon irreducible to the fragmented knowledge held by members of society. I show that ultimately money cannot be separated from economic knowledge and market rationality. This paper provides sociological and ontological accounts for the emergence of knowledge crucial to coordinate societies, thus extending recent explorations of the ontology of money. Journal: Review of Social Economy Pages: 95-118 Issue: 1 Volume: 76 Year: 2018 Month: 1 X-DOI: 10.1080/00346764.2017.1423511 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1423511 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:76:y:2018:i:1:p:95-118 Template-Type: ReDIF-Article 1.0 Author-Name: Juliette Alenda-Demoutiez Author-X-Name-First: Juliette Author-X-Name-Last: Alenda-Demoutiez Author-Name: Bruno Boidin Author-X-Name-First: Bruno Author-X-Name-Last: Boidin Title: Community-based mutual health organisations in Senegal: a specific form of social and solidarity economy? Abstract: Community-based mutual health organisations (MHOs) are today regarded as an essential element in the establishment of universal health coverage in sub-Saharan Africa. Nevertheless, their development has been impeded by numerous technical and institutional difficulties. While these obstacles are indeed important, our purpose in the present article is to investigate a paradox that has not yet been examined as such. In their underlying principles, community-based MHOs fall within the scope of the social and solidarity economy (SSE). However, these principles come up against a range of different values and representations within the organisations themselves. This phenomenon is illustrated by a case study of Senegal. A qualitative methodology is adopted in order to compare representations and practices with the criteria of the SSE. Our study shows that, although community-based MHOs are indeed part of the SSE, local constraints and specificities make it difficult to unify the mutualist movement in order to progress towards universal health coverage. Journal: Review of Social Economy Pages: 417-441 Issue: 4 Volume: 77 Year: 2019 Month: 10 X-DOI: 10.1080/00346764.2018.1555646 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1555646 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:4:p:417-441 Template-Type: ReDIF-Article 1.0 Author-Name: Céline Bonnefond Author-X-Name-First: Céline Author-X-Name-Last: Bonnefond Author-Name: Fatma Mabrouk Author-X-Name-First: Fatma Author-X-Name-Last: Mabrouk Title: Subjective well-being in China: direct and indirect effects of rural-to-urban migrant status Abstract: The purpose of this article is to provide a recent investigation on the determinants of subjective well-being among Chinese adults, with particular emphasis on internal migrants who hold a rural hukou and have settled in cities. Based on a sample of 7846 adults stemming from the 2011 wave of CHNS survey, we estimate different happiness functions using ordered probit regressions. We first confirm the influence of traditional demographic and socioeconomic characteristics (i.e. age, marital status, gender, illness/injury, income, and education). Second, our results emphasize the importance of taking into account regional differences, but also the positive impact of leisure time and social connections. Finally, our results highlight that being a rural-to-urban migrant is significantly associated with a decrease in the probability of reporting good or very good life satisfaction. We show that this relationship seems to be shaped by direct and indirect effects, and we identify the mediating role of regional patterns and social relations. Journal: Review of Social Economy Pages: 442-468 Issue: 4 Volume: 77 Year: 2019 Month: 10 X-DOI: 10.1080/00346764.2019.1602278 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1602278 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:4:p:442-468 Template-Type: ReDIF-Article 1.0 Author-Name: Kevin You Author-X-Name-First: Kevin Author-X-Name-Last: You Author-Name: Gustavo Guzman Author-X-Name-First: Gustavo Author-X-Name-Last: Guzman Title: Managing institutional complexity through strategy and structure: the experience of Sri Lanka’s peak business interest associations Abstract: This study seeks to better understand the way, in which business interest associations in a developing country address issues associated with the plurality of logics and interest among their members. The dilemma that business associations face, when it comes to representing the various interests of their constituents under a single banner, is adequately documented. But there is a gap in empirical literature on the way that associations successfully address this dilemma from the top down, especially in a developing country like Sri Lanka. We present a case study of the four most prominent peak national business associations in Sri Lanka – and their attempts at reconciling the diverse voices and interests of their members. We find that insights from contemporary institutional logics literature are particularly helpful in explaining the strategic and structural means, by which Sri Lankan business associations address the issue of presenting a united front for the very diverse groups of firms and industries that make up their membership. Specifically, our observation shows that Sri Lanka’s peak business associations respond to the diverse, and at times competing, interests of their members in ways that are consistent with Kraatz and Block’s characterisation of organisational responses to institutional complexity, namely through: elimination/marginalisation, mediation, compartmentalisation and detachment. Journal: Review of Social Economy Pages: 469-492 Issue: 4 Volume: 77 Year: 2019 Month: 10 X-DOI: 10.1080/00346764.2019.1607893 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1607893 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:4:p:469-492 Template-Type: ReDIF-Article 1.0 Author-Name: Thibaud Deguilhem Author-X-Name-First: Thibaud Author-X-Name-Last: Deguilhem Author-Name: Jean-Philippe Berrou Author-X-Name-First: Jean-Philippe Author-X-Name-Last: Berrou Author-Name: François Combarnous Author-X-Name-First: François Author-X-Name-Last: Combarnous Title: Using your ties to get a worse job? The differential effects of social networks on quality of employment in Colombia Abstract: This article examines the effect of social networks (SNW) by investigating how mobilizing family, friendship or kindship ties in job searches affects the quality of employment (QoE) using quantitative and qualitative data. Drawing from socioeconomic literature on the segmented labor market, the authors propose an original and multidimensional measure of job quality and a fruitful estimation of the effect of SNW on QoE that allows for dealing with complex inter-groups heterogeneity. Using the Great Integrated Household Survey and a sample on Bogota's workers in 2013, they provide empirical support that the use of ties is negatively correlated with the QoE for those who are vulnerable. Likewise, the use of social relations is not significant for protected workers. Complemented by focus groups interviews, these results raise questions about the difference prevailing in relational practices between necessity networks for precarious workers and opportunity networks for protected workers in the Colombian capital. Journal: Review of Social Economy Pages: 493-522 Issue: 4 Volume: 77 Year: 2019 Month: 10 X-DOI: 10.1080/00346764.2019.1627573 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1627573 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:4:p:493-522 Template-Type: ReDIF-Article 1.0 Author-Name: Gustavo Fondevila Author-X-Name-First: Gustavo Author-X-Name-Last: Fondevila Author-Name: Miguel Quintana-Navarrete Author-X-Name-First: Miguel Author-X-Name-Last: Quintana-Navarrete Title: Economic informality as a national project Abstract: Despite the numerous theoretical and empirical gains rendered by research that has attempted to ‘bring the State back in’ to the study of economic informality, this literature has focused on state regulation and law enforcement while for the most part neglecting the analysis of the state as both an ideological product and a producer of meanings and ideologies. In this paper, we analyze the Mexican state's conceptualizations of economic informality in a period spanning four federal administrations (1988–2012). We examine how Mexican presidents constructed a particular understanding of economic informality and, how they embedded these understandings in broader ‘state ideologies’. Despite some continuities, we find that each administration defined economic informality in relation to different ‘state ideologies’ that in turn legitimized the administration in turn. We also show that despite the relevance of academic theories to understand these phenomena, their focus on regulation and enforcement hampers their explanatory potential. Journal: Review of Social Economy Pages: 523-554 Issue: 4 Volume: 77 Year: 2019 Month: 10 X-DOI: 10.1080/00346764.2019.1626476 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1626476 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:4:p:523-554 Template-Type: ReDIF-Article 1.0 Author-Name: Jannett Highfill Author-X-Name-First: Jannett Author-X-Name-Last: Highfill Author-Name: Kevin O’Brien Author-X-Name-First: Kevin Author-X-Name-Last: O’Brien Title: Religious heterogeneity and municipal spending in the United States Abstract: The goal of this paper is to examine the effect of religious heterogeneity on various important metro-area variables such as total expenditure, taxes, property taxes, debt, and employment as well as spending on the specific services of education, roads, police, health, and welfare. Two indices are used to measure religious heterogeneity, a fractionalization index and a polarization index. Polarization, designed to be a measure of social conflict, generally led to less spending and taxes, while fractionalization, the probability that two randomly chosen individuals belong to different religious groups, generally led to more spending and taxes. Journal: Review of Social Economy Pages: 555-570 Issue: 4 Volume: 77 Year: 2019 Month: 10 X-DOI: 10.1080/00346764.2018.1480797 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1480797 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:77:y:2019:i:4:p:555-570 Template-Type: ReDIF-Article 1.0 Author-Name: Kari Polanyi Levitt Author-X-Name-First: Kari Polanyi Author-X-Name-Last: Levitt Title: Kari Polanyi Levitt on Karl Polanyi and the economy as a social construct Journal: Review of Social Economy Pages: 389-399 Issue: 4 Volume: 75 Year: 2017 Month: 10 X-DOI: 10.1080/00346764.2016.1231929 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1231929 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:4:p:389-399 Template-Type: ReDIF-Article 1.0 Author-Name: M. G. Hayes Author-X-Name-First: M. G. Author-X-Name-Last: Hayes Title: Keynes’s liquidity preference and the usury doctrine: their connection and continuing policy relevance Abstract: The purpose of this paper is to support the spirit of the early medieval prohibition of payment for the use of money, with arguments based on the economics of Keynes. At the heart of the usury doctrine is the idea that a creditor cannot expect both the security of a claim on a fixed sum of money and to derive an income from it; security comes at a price, one way or another. The consequences of the unwillingness of modern society to accept this are illustrated by reference to two problems of the modern international financial and monetary system: bank bailouts and the lack of a supranational reserve currency. Journal: Review of Social Economy Pages: 400-416 Issue: 4 Volume: 75 Year: 2017 Month: 10 X-DOI: 10.1080/00346764.2016.1269937 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1269937 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:4:p:400-416 Template-Type: ReDIF-Article 1.0 Author-Name: Julian Waters-Lynch Author-X-Name-First: Julian Author-X-Name-Last: Waters-Lynch Author-Name: Jason Potts Author-X-Name-First: Jason Author-X-Name-Last: Potts Title: The social economy of coworking spaces: a focal point model of coordination Abstract: Coworking spaces are a rapid growing feature of modern cities, and increasingly popular with freelancers, knowledge workers, start-up communities, and others engaged in non-standard creative urban work. Drawing on ethnographic data gathered in a large case study of coworking spaces in Australia, we develop an economic model of an important aspect of coworking spaces in which a coworking space is a Schelling point. This argues that the main margin of value a coworking space provides is not price competition with serviced offices, or a more pleasant environment than working at home, but as a focal (Schelling) point for finding people, ideas and other resources when you lack the information necessary for coordination. Drawing on ethnographic research, we test some specific predictions the model makes about the organizational and institutional form of successful coworking spaces. Journal: Review of Social Economy Pages: 417-433 Issue: 4 Volume: 75 Year: 2017 Month: 10 X-DOI: 10.1080/00346764.2016.1269938 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1269938 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:4:p:417-433 Template-Type: ReDIF-Article 1.0 Author-Name: Jon Reiersen Author-X-Name-First: Jon Author-X-Name-Last: Reiersen Title: Trust as belief or behavior? Abstract: Despite its proposed importance for economic performance, there seems to be little agreement on what trust really is. In economics, trust is generally viewed as a belief regarding the action that is to be expected from others. This contrasts with the view that trust is a way of acting. In his influential book on the nature of explanation in the social sciences, Jon Elster argues that trusting is to act with few precautions. I argue that it is possible to reconcile these seemingly conflicting views about trust. I develop a simple model of trust where both beliefs and precautions play an important role – and where Elster’s understanding of trust can be viewed as a special case. Journal: Review of Social Economy Pages: 434-453 Issue: 4 Volume: 75 Year: 2017 Month: 10 X-DOI: 10.1080/00346764.2016.1269939 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1269939 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:4:p:434-453 Template-Type: ReDIF-Article 1.0 Author-Name: Nicolae Stef Author-X-Name-First: Nicolae Author-X-Name-Last: Stef Title: Crime deterrence role of Romanian churches Abstract: We analyse the crime deterrence role of Romanian churches using a data sample of crime in all 42 Romanian counties from 2001 to 2013. We aim to determine whether the public funding of churches can be justified by the role Romanian churches play in deterring illegal behaviour. The decision to build a new church in a certain location can be endogenous; therefore, we use as an instrument the built-up area of counties’ cities in the 1990s. After controlling for the endogeneity of the number of churches, our estimations show that Romanian churches significantly diminish local crime rates. Adventist, Baptist, Catholic and Orthodox churches tend to play an active role in the deterrence of local crime. Hence, Romanian churches not only provide religious services, but also promote religious norms and strengthen the social ties between parishioners, help prevent crime. Journal: Review of Social Economy Pages: 454-467 Issue: 4 Volume: 75 Year: 2017 Month: 10 X-DOI: 10.1080/00346764.2016.1269940 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1269940 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:4:p:454-467 Template-Type: ReDIF-Article 1.0 Author-Name: Muhammad Shehryar Shahid Author-X-Name-First: Muhammad Shehryar Author-X-Name-Last: Shahid Author-Name: Peter Rodgers Author-X-Name-First: Peter Author-X-Name-Last: Rodgers Author-Name: Colin C. Williams Author-X-Name-First: Colin C. Author-X-Name-Last: Williams Title: Evaluating the participation of an ethnic minority group in informal employment: a product of exit or exclusion? Abstract: This paper critically evaluates competing explanations for the participation of ethnic minority groups in informal employment. These interpret their participation either through a structuralist lens arising out of ‘exclusion’ from formal employment or through a neo-liberal and/or post-structuralist lens driven by voluntary ‘exit’ from formal institutions. To evaluate critically these competing explanations, this paper reports a survey of the experiences of Pakistani immigrants in informal employment in Sheffield, including fifty face-to-face interviews and two focus groups. The findings highlight informal employment amongst this Pakistani ethnic minority group is neither universally driven by exclusion nor exit. Instead, some participate mostly due to exclusion, others mostly for exit rationales and some for a combination of the two, with different mixtures across different groups and types of informal employment. The outcome is a call for greater appreciation of the multifarious character of undeclared work and a move beyond simplistic explanations and policy responses. Journal: Review of Social Economy Pages: 468-488 Issue: 4 Volume: 75 Year: 2017 Month: 10 X-DOI: 10.1080/00346764.2016.1269941 File-URL: http://hdl.handle.net/10.1080/00346764.2016.1269941 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:4:p:468-488 Template-Type: ReDIF-Article 1.0 Author-Name: Maryam Dilmaghani Author-X-Name-First: Maryam Author-X-Name-Last: Dilmaghani Title: Revisiting sacrifice and stigma: Why older churches become more liberal Abstract: This paper revisits the concept of ‘Sacrifice and Stigma’ first introduced in the seminal model of Iannaccone, published in 1992. Iannaccone provides an explanation for the rise of strict churches in face of the decline of liberal ones. He argues that costly and stigmatizing requirements, which make a church distinctive and strict, reduce free-riding in the group, conferring it a competitive edge. His model, however, does not address the question of why certain churches, generally older and larger, become more liberal and easygoing. I argue that for established groups, which rely on intergenerational transmission of religious preference, ‘sacrifice and stigma’ are no longer means of screening free-riders but determine the depreciation rate of the stock of religious capital of the group. Modeling the setting as a differential game, I show that in such circumstances, a reduction in the required ‘sacrifice and stigma’ increases the steady-state level of contribution to the church. Journal: Review of Social Economy Pages: 489-509 Issue: 4 Volume: 75 Year: 2017 Month: 10 X-DOI: 10.1080/00346764.2017.1286030 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1286030 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:4:p:489-509 Template-Type: ReDIF-Article 1.0 Author-Name: Emily Northrop Author-X-Name-First: Emily Author-X-Name-Last: Northrop Title: A stable climate or economic growth? Abstract: The 2015 UN Paris Agreement reinforced and declared compatible the two goals of avoiding dire climate change and maintaining global economic growth, and it specified that technological innovation is ‘critical’ to this joint achievement. Unfortunately, any confidence that near-term global economic growth is consistent with a stabilized climate is severely undermined by empirical evidence. Despite the rapid increase of alternative energies in recent decades, global GDP growth continues to require burning greater quantities of climate-destabilizing fossil fuels. The dim outlook for sufficiently reducing CO2 while maintaining economic growth is underscored by global data and Germany specific data on the decoupling of GDP from CO2. This paper summarizes pertinent climate science, substantiates the dependence of economic growth on fossil fuels, and uses the Kaya identity to demonstrate the unfavorable prospects for reducing CO2 while maintaining GDP growth. Journal: Review of Social Economy Pages: 510-522 Issue: 4 Volume: 75 Year: 2017 Month: 10 X-DOI: 10.1080/00346764.2017.1286031 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1286031 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:4:p:510-522 Template-Type: ReDIF-Article 1.0 Author-Name: Maryam Dilmaghani Author-X-Name-First: Maryam Author-X-Name-Last: Dilmaghani Title: Civic participation of secular groups in Canada Abstract: Using two recent nationally representative Canadian surveys, this paper investigates how secularization affects civic participation, inclusive of political engagement and philanthropy. Three mutually exclusive categories of secularized individuals are considered. The analysis suggests that Canadian secular groups are relatively less engaged with politics and volunteer fewer hours, compared with the actively religious. They are, however, found to contribute significantly more money to secular causes, controlling for a wide range of individual attributes. Various explanations are explored. Journal: Review of Social Economy Pages: 523-543 Issue: 4 Volume: 75 Year: 2017 Month: 10 X-DOI: 10.1080/00346764.2017.1299203 File-URL: http://hdl.handle.net/10.1080/00346764.2017.1299203 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:75:y:2017:i:4:p:523-543 Template-Type: ReDIF-Article 1.0 Author-Name: Amitava Krishna Dutt Author-X-Name-First: Amitava Krishna Author-X-Name-Last: Dutt Author-Name: Roberto Veneziani Author-X-Name-First: Roberto Author-X-Name-Last: Veneziani Title: Social coordination Journal: Review of Social Economy Pages: 1-3 Issue: 1 Volume: 78 Year: 2020 Month: 1 X-DOI: 10.1080/00346764.2020.1722346 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1722346 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:1:p:1-3 Template-Type: ReDIF-Article 1.0 Author-Name: Duncan Foley Author-X-Name-First: Duncan Author-X-Name-Last: Foley Title: Social coordination problems in classical and Marxian political economy Abstract: This paper explores the application of information theory and game theory to questions arising in Adam Smith's Wealth of Nations and Karl Marx's critical reformulation of Smith's analysis in Capital. After introducing the key theoretical concepts of entropy-constrained behavior and the social interaction model, the paper applies them to some central issues in Marxian and classical political economy: the long-period method analysis of commodity production, the social division of labor, commodity production and money, alienation, and the tendency for the rate of profit to fall. Journal: Review of Social Economy Pages: 4-34 Issue: 1 Volume: 78 Year: 2020 Month: 1 X-DOI: 10.1080/00346764.2019.1605617 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1605617 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:1:p:4-34 Template-Type: ReDIF-Article 1.0 Author-Name: Stephen A. Marglin Author-X-Name-First: Stephen A. Author-X-Name-Last: Marglin Title: History vs. equilibrium one more time: how Keynes’s General Theory foundered on the rocks of comparative statics Abstract: Keynes’s message, that full employment was an unlikely outcome for a capitalist economy, did not survive scrutiny in a comparative-statics framework. But this was the fault of the framework, not the message. The main criticisms leveled at the idea of an underemployment equilibrium were that, as the money wage rate fell, the Keynes effect would lead to an expansion of investment demand (Modigliani) and that the real-balance effect would lead to an expansion of consumption demand (Haberler and Pigou). Neither of these criticisms survives when real-time changes in the money wage replace static comparisons of equilibria with different money wages. The lesson is that dynamic adjustment is key to understanding the workings of a capitalist economy. Journal: Review of Social Economy Pages: 35-52 Issue: 1 Volume: 78 Year: 2020 Month: 1 X-DOI: 10.1080/00346764.2019.1636289 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1636289 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:1:p:35-52 Template-Type: ReDIF-Article 1.0 Author-Name: Simone Polillo Author-X-Name-First: Simone Author-X-Name-Last: Polillo Title: Solving the paradox of mass investment: expertise, financial inclusion and inequality in the politics of credit Abstract: The Ownership Society of the late twentieth century was grounded on the promise that the opening of new investment opportunities would lead to financial expansion and inclusion. It resulted, instead, in mass dispossession. In this paper, I analyze the politics of credit in order to theorize the nexus between finance and inequality, and specifically to understand whether financial inclusion can create opportunities for what we might call ‘financial citizenship.’ Looking at processes, internal to the financial system itself, that may give rise to the paradox of mass investment and increased inequality, and proposing a general model of the modalities through which the financial system engages with its customers, are my two main goals. Journal: Review of Social Economy Pages: 53-76 Issue: 1 Volume: 78 Year: 2020 Month: 1 X-DOI: 10.1080/00346764.2019.1669810 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1669810 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:1:p:53-76 Template-Type: ReDIF-Article 1.0 Author-Name: Mark Setterfield Author-X-Name-First: Mark Author-X-Name-Last: Setterfield Title: Managing the discontent of the losers Abstract: During the 1990s, social structure of accumulation (SSA) theorists identified the solidification of a neoliberal SSA that included a capital-citizen accord based on ‘managing the discontent of the losers’. This created social stability by reconciling working households to material hardships emanating from the neoliberal labour market by means of either coercion or non-economic distraction. This paper argues that there was, in fact, a material basis to the neoliberal capital-citizen accord, including the ability of households to accumulate debt in order to limit the growth of consumption inequality arising from burgeoning income inequality. The material basis of the capital-citizen accord broke down during the financial crisis of 2007–2009, destabilizing the accord itself. The result is that the neoliberal SSA is now threatened by rising populism. The outcomes of this process are highly uncertain – a key characteristic of the periods of inter regnum that separate successful SSAs. Journal: Review of Social Economy Pages: 77-97 Issue: 1 Volume: 78 Year: 2020 Month: 1 X-DOI: 10.1080/00346764.2019.1623908 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1623908 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:1:p:77-97 Template-Type: ReDIF-Article 1.0 Author-Name: Lance Taylor Author-X-Name-First: Lance Author-X-Name-Last: Taylor Author-Name: Özlem Ömer Author-X-Name-First: Özlem Author-X-Name-Last: Ömer Title: Where do profits and jobs come from? Employment and distribution in the US economy Abstract: ‘Meso’ level analysis of 16 producing sectors sheds light on broad forces shaping employment and profits. In a growth decomposition from 1990 through 2016, employment responds positively to output increases and negatively to rising productivity. The macro profit share responds positively to sectoral productivity and demand increases, and negatively to higher real wages. Jobs shifted toward sectors with high employment but slow productivity and real wage growth, contributing to an overall decrease in the wage share. Observed profit growth was robust in manufacturing, trade, finance and insurance, and information. The latter two (and wholesale trade) benefitted from favorable demand shifts. However, they generate less than a quarter of the total profits. Growth of remaining profits has been due to demand shifts and productivity growth which exceeded real wage increases. Market power matters in all sectors. The strongest effects may operate against employment and real wages in labor markets. Journal: Review of Social Economy Pages: 98-117 Issue: 1 Volume: 78 Year: 2020 Month: 1 X-DOI: 10.1080/00346764.2019.1672883 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1672883 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:1:p:98-117 Template-Type: ReDIF-Article 1.0 Author-Name: Marc Fleurbaey Author-X-Name-First: Marc Author-X-Name-Last: Fleurbaey Author-Name: Marie-Laure Salles-Djelic Author-X-Name-First: Marie-Laure Author-X-Name-Last: Salles-Djelic Title: Progress is back Abstract: This paper presents the International Panel on Social Progress and expounds key ideas from its first report, Rethinking Society for the 21st Century (Cambridge University Press, 2018). It emphasizes the importance of three dimensions of progress on which serious challenges need to be addressed: equity, freedom and sustainability. Addressing these challenges primarily requires reforming power and governance structures in the economy, society, and politics. Journal: Review of Social Economy Pages: 119-127 Issue: 2 Volume: 78 Year: 2020 Month: 4 X-DOI: 10.1080/00346764.2019.1644663 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1644663 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:2:p:119-127 Template-Type: ReDIF-Article 1.0 Author-Name: Lorraine Talbot Author-X-Name-First: Lorraine Author-X-Name-Last: Talbot Title: Why corporations inhibit social progress: a brief review of corporations from chapter 6 ‘Markets, Finance and Corporations. Does Capitalism have a Future?’ Abstract: A deficit of social progress is directly attributable to the corporation and its ability to operationalise inequality and to inhibit innovation. In ‘Markets, Finance and Corporations. Does Capitalism have a Future?’ we set out how and why the corporation creates barriers to social progress by perpetuating inequality and exploitation and in directing innovation to increase profit rather than meet the needs of society. Journal: Review of Social Economy Pages: 128-138 Issue: 2 Volume: 78 Year: 2020 Month: 4 X-DOI: 10.1080/00346764.2020.1733060 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1733060 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:2:p:128-138 Template-Type: ReDIF-Article 1.0 Author-Name: Liam Campling Author-X-Name-First: Liam Author-X-Name-Last: Campling Title: Competitive accumulation, the geographical transfer of value, and global environmental change Abstract: This commentary on Chapter 6 on Markets, Finance, and Corporations of the International Panel for Social Progress (IPSP 2018) report makes four points. The first suggests that proposals for legal reform of the corporation require consideration of the underlying processes of capital accumulation. Second, thinking about the articulations of global value chains and the law could help better appreciate their combined role in the geographical transfer of value. The third notes the potential for the greater analytical integration of financial and corporate dynamics through the study of the financialisation of production. Finally, it argues that future work by the IPSP should examine the articulations of political economy and global environmental change, and the spaces for ‘social progress’ therein. Journal: Review of Social Economy Pages: 139-145 Issue: 2 Volume: 78 Year: 2020 Month: 4 X-DOI: 10.1080/00346764.2019.1644664 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1644664 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:2:p:139-145 Template-Type: ReDIF-Article 1.0 Author-Name: Adrian Smith Author-X-Name-First: Adrian Author-X-Name-Last: Smith Title: International panel on social progress: chapter on ‘The future of work – good jobs for all’ Journal: Review of Social Economy Pages: 146-150 Issue: 2 Volume: 78 Year: 2020 Month: 4 X-DOI: 10.1080/00346764.2019.1672884 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1672884 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:2:p:146-150 Template-Type: ReDIF-Article 1.0 Author-Name: Gianluca Grimalda Author-X-Name-First: Gianluca Author-X-Name-Last: Grimalda Author-Name: Alain Trannoy Author-X-Name-First: Alain Author-X-Name-Last: Trannoy Author-Name: Fernando Filgueira Author-X-Name-First: Fernando Author-X-Name-Last: Filgueira Author-Name: Karl Ove Moene Author-X-Name-First: Karl Ove Author-X-Name-Last: Moene Title: Egalitarian redistribution in the era of hyper-globalization Abstract: Two traditional theorems of welfare economics posit a trade-off between a government redistribution targets and efficiency. We propose a third ‘claim’ of welfare economics, stating that in closed economies the actual efficiency costs associated with redistribution are small. We then examine the claim in the current phase of ‘hyper-globalization’. On the one hand, a race-to-the-bottom in taxation restricts the capacity to tax high-earners and the associated brain drain may affect a country’s long-run growth. On the other hand, demand for social insurance should be particularly high in an open economy, especially with advancing digitalization. Xenophobic sentiments may, however, offset this demand. We also discuss the impact of globalization on wage equalization and productive efficiency. We conclude against the idea that the welfare state is intrinsically unable to carry out its redistributive function in an era of globalization. However, its strategies and tools of intervention must be rethought. Journal: Review of Social Economy Pages: 151-184 Issue: 2 Volume: 78 Year: 2020 Month: 4 X-DOI: 10.1080/00346764.2020.1714072 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1714072 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:2:p:151-184 Template-Type: ReDIF-Article 1.0 Author-Name: Simon Reid-Henry Author-X-Name-First: Simon Author-X-Name-Last: Reid-Henry Title: Inequality and Democracy: A response to the International Panel on Social Progress (IPSP) Report 2018 Abstract: In this response I reflect on the contributions of the recently published report of the International Panel on Social Progress. I focus in particular on the Report’s treatment of the relationship between inequality and democracy: the proper subject of Chapter 14 in Part II of the report but also a central concern throughout the text. I begin by setting the Report's arguments more fully in the historical context of the past few decades, and specifically the post-1970s era. I then interrogate in more detail the relationship between liberalism and democracy before examining each of three key themes raised by the report: the domestic challenges posed by economic inequality to political pluralism; the relationship between the state and globalisation; and the extent to which current institutional arrangements of liberal democratic systems articulate and safeguard the basic values and moral principles of democracy. I conclude by looking forward. Journal: Review of Social Economy Pages: 185-202 Issue: 2 Volume: 78 Year: 2020 Month: 4 X-DOI: 10.1080/00346764.2019.1710242 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1710242 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:2:p:185-202 Template-Type: ReDIF-Article 1.0 Author-Name: Anupam Das Author-X-Name-First: Anupam Author-X-Name-Last: Das Author-Name: Mara Fridell Author-X-Name-First: Mara Author-X-Name-Last: Fridell Author-Name: Ian Hudson Author-X-Name-First: Ian Author-X-Name-Last: Hudson Author-Name: Mark Hudson Author-X-Name-First: Mark Author-X-Name-Last: Hudson Title: Do governments matter? Provincial policy and redistribution in two Canadian provinces, 1990–2010 Abstract: One of the most important economic debates surrounding the feasibility of government efforts to redistribute income is the extent to which economic integration leads to policy convergence. The convergence hypothesis argues that when trade and finance flow freely between political jurisdictions, economic policies will tend to converge. This article uses two Canadian provinces, Manitoba and British Columbia, to conduct a comparative analysis of redistributive policy convergence. We do find observable differences in the redistributive policies of the two provinces. The extent to which this translated into measurable improvements in economic and social outcomes is less pronounced, but will be of interest to scholars of inequality. Journal: Review of Social Economy Pages: 203-233 Issue: 2 Volume: 78 Year: 2020 Month: 4 X-DOI: 10.1080/00346764.2019.1602279 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1602279 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:2:p:203-233 Template-Type: ReDIF-Article 1.0 Author-Name: Luan V. Bernardelli Author-X-Name-First: Luan V. Author-X-Name-Last: Bernardelli Author-Name: Michael A. Kortt Author-X-Name-First: Michael A. Author-X-Name-Last: Kortt Author-Name: Ednaldo Michellon Author-X-Name-First: Ednaldo Author-X-Name-Last: Michellon Title: Religious affiliation and earnings: Evidence from Brazil Abstract: This article examines the relationship between wages and religious affiliation for Brazil using conventional human capital earnings functions. Data drawn from the 1991, 2000, and 2010 Brazilian Censuses were analysed for men and women. Our results indicate that Brazilian men (women) who identified as Traditional Protestants received a small wage premium 2.6% (1.4%) compared to those who identified as Catholic—the largest religious denomination in Brazil—even after controlling for a range of demographic and social characteristics. In contrast, Brazilian men (women) who identified as Pentecostal Protestants received a sizeable wage penalty of 4.3% (5.8%). In an effort to explain the wage gap between different religious affiliations in Brazil, we also conducted a conventional Oaxaca-Blinder decomposition. Journal: Review of Social Economy Pages: 234-255 Issue: 2 Volume: 78 Year: 2020 Month: 4 X-DOI: 10.1080/00346764.2019.1602281 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1602281 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:2:p:234-255 Template-Type: ReDIF-Article 1.0 Author-Name: Larry Liu Author-X-Name-First: Larry Author-X-Name-Last: Liu Title: Constraints on policymaking in high sovereign debt countries: case studies of Italy and Japan Abstract: While sovereign debt has become a major constraint in the policymaking of most developed countries, this article asks why the choices in fiscal and monetary policy were not uniform among the highest sovereign debt countries: Italy and Japan. While Japan has been fairly unconstrained in economic policymaking over the last 25 years since the onset of the ‘Lost Decades,’ Italy has been very strongly constrained even as debt levels are higher in the former than in the latter case. It is argued that Italy faced two important constraints to policymaking, which Japan does not face: (1) the higher exposure to foreign debt holding, which has made Italy more vulnerable to fluctuations in the interest rate, thus making the government more cautious about taking certain fiscal decisions; (2) the common currency and fiscal treaties to limit deficit and debt accumulation, which form a legal barrier to fiscal and monetary expansionism. Journal: Review of Social Economy Pages: 256-279 Issue: 2 Volume: 78 Year: 2020 Month: 4 X-DOI: 10.1080/00346764.2019.1602283 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1602283 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:2:p:256-279 Template-Type: ReDIF-Article 1.0 Author-Name: Roberto Frega Author-X-Name-First: Roberto Author-X-Name-Last: Frega Author-Name: Lisa Herzog Author-X-Name-First: Lisa Author-X-Name-Last: Herzog Title: Preface to the Special Issue on Workplace Democracy Journal: Review of Social Economy Pages: 281-285 Issue: 3 Volume: 78 Year: 2020 Month: 7 X-DOI: 10.1080/00346764.2020.1778776 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1778776 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:3:p:281-285 Template-Type: ReDIF-Article 1.0 Author-Name: Stanislas Richard Author-X-Name-First: Stanislas Author-X-Name-Last: Richard Title: Democratic equilibria: Albert Hirschman and workplace democracy Abstract: This paper clarifies the usage of Albert Hirschman’s categories of market behaviour as of exit and voice in debates about workplace democracy by taking seriously his critique of the neoclassical analysis of competition. Pro-market liberals are generally hostile to the idea of workplace democracy and tend to favour top-down hierarchies as a way of organising labour. This hostility is generally inspired by the neoclassical analysis of exploitation and efficiency, which leads them to defend distributions achieved through exit-based competitive equilibria. Following Hirschman, I propose to consider a hypothetical alternative: a democratic equilibrium, reached through the use of voice. I show that it would present the same appealing characteristics than its competitive counterpart while also accounting for the non-ideal conditions in which markets operate. Support for free markets should entail support for workplace democracy minimally understood as a strengthening of voice. Journal: Review of Social Economy Pages: 286-306 Issue: 3 Volume: 78 Year: 2020 Month: 7 X-DOI: 10.1080/00346764.2019.1685676 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1685676 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:3:p:286-306 Template-Type: ReDIF-Article 1.0 Author-Name: Felix Gerlsbeck Author-X-Name-First: Felix Author-X-Name-Last: Gerlsbeck Author-Name: Lisa Herzog Author-X-Name-First: Lisa Author-X-Name-Last: Herzog Title: The epistemic potentials of workplace democracy Abstract: Can the alleged conflict between efficiency and justice in the debate about workplace democracy be overcome? We argue that this might be possible by applying arguments from epistemic democratic theory to workplaces. To do so, we first define our notion of workplace democracy, and argue that the relevant decisions in companies concern the search for mutually beneficial solutions for workers, owners and society at large, or the fair management of conflicts between these groups. On this basis, we examine which epistemic advantages of democracy apply to decision-making within companies. We argue that the inherent reflexivity and adaptability of democratic systems can be a great advantage in the uncertain and changeable contexts in which companies operate. We reply to some objections, including the claim that feedback from markets provides sufficient information for companies, and conclude by calling for experiments with democratic practices in workplaces. Journal: Review of Social Economy Pages: 307-330 Issue: 3 Volume: 78 Year: 2020 Month: 7 X-DOI: 10.1080/00346764.2019.1596299 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1596299 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:3:p:307-330 Template-Type: ReDIF-Article 1.0 Author-Name: Christian Neuhäuser Author-X-Name-First: Christian Author-X-Name-Last: Neuhäuser Author-Name: Andreas Oldenbourg Author-X-Name-First: Andreas Author-X-Name-Last: Oldenbourg Title: Workplace democracy and corporate human rights responsibilities Abstract: In this article, we offer an argument for workplace democracy that focuses on human rights responsibilities of corporations. We argue that democratic corporations are better equipped to fulfill their human rights responsibilities along two dimensions. First, workplace democracy makes it more probable that corporations live up to their human rights responsibilities. This is due to the instrumental role of democracy for advancing basic justice. Second, corporations are more legitimate in carrying out their human rights responsibilities if they are democratically controlled. This claim builds on the procedural role of democracy in the face of pluralism over the implementation of human rights. Neither point is meant to replace other arguments for workplace democracy. However, they are a necessary supplement when states are either repressive or ineffective, as is often the case. Journal: Review of Social Economy Pages: 331-350 Issue: 3 Volume: 78 Year: 2020 Month: 7 X-DOI: 10.1080/00346764.2020.1725832 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1725832 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:3:p:331-350 Template-Type: ReDIF-Article 1.0 Author-Name: Chi Kwok Author-X-Name-First: Chi Author-X-Name-Last: Kwok Title: Work autonomy and workplace democracy: the polarization of the goods of work autonomy in the two worlds of work Abstract: Political theorists have been framing the problems of unfreedom and domination at work as inconsistent with the requirements of political democracy, undermining the democratic potential of the workplace and inducing psychological and status harm. Although these are important insights, political theorists are often unwilling to frame the hierarchical workplace as an issue of distributive justice. This paper, by bringing in the empirical literature on work autonomy, offers a framework to explicate the relationship between freedom at work and the distribution of essential goods at paid work. Through such framework, the paper argues that procedural and substantive freedom at work are essential to the fair distribution of the goods of work. By examining the empirical literature, the paper further argues that there exists a polarization of the goods of work between high-skilled and low-skilled labor, and the polarization offers a pro-tanto justification of workplace democracy for the least advantaged workers. Journal: Review of Social Economy Pages: 351-372 Issue: 3 Volume: 78 Year: 2020 Month: 7 X-DOI: 10.1080/00346764.2019.1690671 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1690671 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:3:p:351-372 Template-Type: ReDIF-Article 1.0 Author-Name: Ermanno C. Tortia Author-X-Name-First: Ermanno C. Author-X-Name-Last: Tortia Author-Name: Silvia Sacchetti Author-X-Name-First: Silvia Author-X-Name-Last: Sacchetti Author-Name: Vladislav Valentinov Author-X-Name-First: Vladislav Author-X-Name-Last: Valentinov Title: The ‘protective function’ of social enterprises: understanding the renewal of multiple sets of motivations Abstract: We study the problem of the renewal of workers’ intrinsic and pro-social motivations in democratic work settings, as found in Italian social enterprises, organizations in the social economy that deliver social and welfare services. Building upon institutional, system, and management theory we hypothesize that social enterprises value and protect pro-social motivations as crucial resources. Specifically, hypothesis-testing examines the effect of the work relational context and of job satisfaction on the renewal of self-esteem intrinsic motivations and pro-social motivations. Our sample includes 320 social enterprises matched with 4134 paid workers. The results of categorical principal components analysis, OLS regression and structural equation modelling show that worker wellbeing (substantive and formal satisfaction) mediates the relation between the relational context (collaborative teamwork and fairness, both procedural and interactional) and the renewal of self-esteem and pro-social motivations. Journal: Review of Social Economy Pages: 373-410 Issue: 3 Volume: 78 Year: 2020 Month: 7 X-DOI: 10.1080/00346764.2020.1744702 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1744702 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:3:p:373-410 Template-Type: ReDIF-Article 1.0 Author-Name: Inigo Gonzalez-Ricoy Author-X-Name-First: Inigo Author-X-Name-Last: Gonzalez-Ricoy Title: Ownership and control rights in democratic firms – a republican approach Abstract: Workplace democracy is often defined, and has recently been defended, as a form of intra-firm governance in which workers have control rights over management with no ownership requirement on their part. Using the normative tools of republican political theory, the paper examines bargaining power disparities and moral hazard problems resulting from the allocation of control rights and ownership to different groups within democratic firms, with a particular reference to the European codetermination system. With various qualifications related to potentially mitigating factors, such as workforce and shareholder composition or risk aversion and reallocation, the paper contends that forms of workplace democracy in which workers control and own the firm, such as cooperativism, are preferable to other forms, such as codetermination, in which ownership and control rights are formally separated. Journal: Review of Social Economy Pages: 411-430 Issue: 3 Volume: 78 Year: 2020 Month: 7 X-DOI: 10.1080/00346764.2018.1552792 File-URL: http://hdl.handle.net/10.1080/00346764.2018.1552792 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:3:p:411-430 Template-Type: ReDIF-Article 1.0 Author-Name: Maxime Quijoux Author-X-Name-First: Maxime Author-X-Name-Last: Quijoux Title: The power of (the) union: trade-unionism and workplace democracy in a French recovered factory Abstract: What happens when a trade-union becomes the main actor of the workplace democracy? Underlining the strong bureaucratization of the trade union field, studies on trade unionism seem to predict low potentials. The case of a cooperative takeover of a French company by the CGT union in the early 2010s gives us the opportunity to verify it empirically. firstly, we will see that while trade union bureaucratization allows the takeover of the company – thanks to professionalized organizers – it also constitutes an obstacle when setting up the main cooperative schemes, as shown by the lack of participation in general meetings. In a second phase, however, by placing members from each sector on the board of directors – from the reception to the printing presses and the sales department – the union sets up a ‘sociological democratization’ and thus creates a continuum of interactions between grassroots and executive board which constitute ‘worker control’ over the new management. Journal: Review of Social Economy Pages: 431-449 Issue: 3 Volume: 78 Year: 2020 Month: 7 X-DOI: 10.1080/00346764.2020.1775875 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1775875 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:3:p:431-449 Template-Type: ReDIF-Article 1.0 Author-Name: Nancy Folbre Author-X-Name-First: Nancy Author-X-Name-Last: Folbre Title: Manifold exploitations: toward an intersectional political economy Abstract: The distinction between oppression and exploitation is overstated in traditional Marxian theory. Defined in terms of economic advantages gained from unfair bargaining power, exploitation can take manifold forms, characterized by intersections, overlaps, and interactions within complex hierarchical systems in which actors often find themselves in somewhat contradictory positions. Journal: Review of Social Economy Pages: 451-472 Issue: 4 Volume: 78 Year: 2020 Month: 10 X-DOI: 10.1080/00346764.2020.1798493 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1798493 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:4:p:451-472 Template-Type: ReDIF-Article 1.0 Author-Name: Debra Satz Author-X-Name-First: Debra Author-X-Name-Last: Satz Title: Unfair advantage and exploitation: comments on Folbre Journal: Review of Social Economy Pages: 473-478 Issue: 4 Volume: 78 Year: 2020 Month: 10 X-DOI: 10.1080/00346764.2020.1834121 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1834121 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:4:p:473-478 Template-Type: ReDIF-Article 1.0 Author-Name: Sasha Breger Bush Author-X-Name-First: Sasha Author-X-Name-Last: Breger Bush Author-Name: Matthew Kriese Author-X-Name-First: Matthew Author-X-Name-Last: Kriese Title: Rethinking drugs Abstract: Discussions of drugs in international political economy tend to focus on the relative advantages and disadvantages of particular regulatory regimes and governmental policy approaches. While the particular regulation(s) and social context(s) differ, the drug literature is in this sense repetitive and neglectful of significant features of the global drug economy. Drawing on social economics, we argue that the neglect of broad and holistic, synthetic, integrative and comparative drug research in IPE stems in part from a research program in which the state is “essentialized”, resulting in drug research that is too narrowly cast. Borrowing from social economics, poststructuralist Marxism, and new materialism, we develop an anti-essentialist approach for thinking about the global drug economy in an effort to reveal aspects of global drug production, distribution and consumption, and the power relations entailed therein, that are currently obscured. Journal: Review of Social Economy Pages: 479-506 Issue: 4 Volume: 78 Year: 2020 Month: 10 X-DOI: 10.1080/00346764.2019.1605536 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1605536 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:4:p:479-506 Template-Type: ReDIF-Article 1.0 Author-Name: Philip Nel Author-X-Name-First: Philip Author-X-Name-Last: Nel Title: When bribery helps the poor Abstract: The debate about the effect of corruption on income distribution suffers from a number of problems. The main issues are the use of perception-based measures of corruption, which implicitly favours one side of the debate, and a too narrow conception of agency involved in corruption. By relying on direct and grained evidence of bribery in 106 industrialised and industrialising states, and by appreciating the role of agency on the part of bribers, this article finds support for an emerging view that the effect of corruption on inequality is conditional. Under poor institutional conditions, entrepreneurial-related bribery is associated with an increase in the relative income share of the poorest 40%, mitigating disposable income inequality. The results are robust to the use of different income-distribution measures and data sources, as well as different specifications. While wide-spread bribery and corruption in general may be detrimental to longer term socio-economic progress, it is important not to ignore the incentives and constraints that lead people to use bribery as a means of survival. Journal: Review of Social Economy Pages: 507-531 Issue: 4 Volume: 78 Year: 2020 Month: 10 X-DOI: 10.1080/00346764.2019.1618482 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1618482 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:4:p:507-531 Template-Type: ReDIF-Article 1.0 Author-Name: Andrew Phiri Author-X-Name-First: Andrew Author-X-Name-Last: Phiri Author-Name: Doreen Mukuku Author-X-Name-First: Doreen Author-X-Name-Last: Mukuku Title: Does unemployment aggravate suicide rates in South Africa? Some empirical evidence Abstract: The purpose of our study is to investigate the cointegration relationship between suicides and unemployment in South Africa using annual data collected between 1996 and 2015. The study relies on the bounds approach to autoregressive distributive lag (ARDL) cointegration model to establish long-run and short-run cointegration between unemployment and suicide rates. Furthermore, suicide data is further disintegrated into ‘sex’ and ‘age’ demographics to provide a more disaggregated analysis. Our empirical results indicate that unemployment is insignificantly related with suicide rates with the exception for citizens above 75 years. On the other hand, other control variables such as per capita GDP, inflation and divorce appear to be more significantly related with suicides. To the best of our knowledge, this study becomes the first to investigate the time series cointegration relationship between suicides and unemployment for South Africa data. Journal: Review of Social Economy Pages: 532-560 Issue: 4 Volume: 78 Year: 2020 Month: 10 X-DOI: 10.1080/00346764.2019.1630667 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1630667 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:4:p:532-560 Template-Type: ReDIF-Article 1.0 Author-Name: Francesco Reito Author-X-Name-First: Francesco Author-X-Name-Last: Reito Title: Roscas without sanctions Abstract: This article shows that, under the assumption that members share the risk of negative income shocks, rotating savings and credit associations can be sustainable even with simple exponential discounting and without the presence of social norms and sanctioning systems. Journal: Review of Social Economy Pages: 561-579 Issue: 4 Volume: 78 Year: 2020 Month: 10 X-DOI: 10.1080/00346764.2019.1693054 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1693054 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:78:y:2020:i:4:p:561-579 Template-Type: ReDIF-Article 1.0 Author-Name: Peter Hans Matthews Author-X-Name-First: Peter Hans Author-X-Name-Last: Matthews Title: The dialectics of differentiation: Marx's mathematical manuscripts and their relation to his economics Abstract: The notion that Marx neither understood nor advocated the use of mathematics is a persistent one. His interest in both commercial and abstract mathematics spanned more than two decades, however, and culminated in two ‘contributions’ to the foundations of the calculus: ‘On the Concept of the Derived Function’ (1881) and ‘On the Concept of the Differential’ (1881). A detailed examination of these and other technical notebooks suggests that Marx's economics both motivated and informed his studies in mathematics and that these, in turn, influenced his understanding of economic phenomena. Journal: Review of Social Economy Pages: 25-50 Issue: 1 Volume: 79 Year: 2021 Month: 1 X-DOI: 10.1080/00346764.2019.1664758 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1664758 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:1:p:25-50 Template-Type: ReDIF-Article 1.0 Author-Name: Katherine A. Moos Author-X-Name-First: Katherine A. Author-X-Name-Last: Moos Title: The historical evolution of the cost of social reproduction in the United States, 1959–2012 Abstract: Using data from the US Bureau of Economic Analysis (BEA) National Income and Product Accounts (NIPA) – including a BEA satellite account that imputes monetary values for unwaged household production – this paper provides a feminist, class-based framework for estimating the annual cost of social reproduction in the United States from 1959 to 2012. The key finding is that for US working-class households, the cost of socially reproducing labor-power has risen relative to the cost of employing labor-power, implying that employers are paying for a decreasing proportion of the total societal cost of socially reproducing labor-power. These results are discussed in relationship to growing income inequality and the contradictory role of the state in the US neoliberal era. Journal: Review of Social Economy Pages: 51-75 Issue: 1 Volume: 79 Year: 2021 Month: 1 X-DOI: 10.1080/00346764.2019.1703031 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1703031 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:1:p:51-75 Template-Type: ReDIF-Article 1.0 Author-Name: Ramaa Vasudevan Author-X-Name-First: Ramaa Author-X-Name-Last: Vasudevan Title: The network of empire and universal capitalism: imperialism and the laws of capitalist competition Abstract: Imperialism in the context of capitalism has been explained either in terms of the suspension of the laws of capitalist competition, or by focusing on the relationship of capitalism with pre-capitalist regions. This paper puts forward a theory of imperialism that is specific and internal to capitalism. The argument put forward in this paper is that the critical element of the empire of capital is the manner in which imperial power is exercised to bring the workers across the globe under the dominion of the network of capitalist relations. The distinctive logic of imperialism is understood to arise from the use of imperial power to expand the pool of available surplus value available for capital as a whole to exploit. It can be interpreted as the network externality of expanding the web of control of capital. Journal: Review of Social Economy Pages: 76-102 Issue: 1 Volume: 79 Year: 2021 Month: 1 X-DOI: 10.1080/00346764.2019.1664759 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1664759 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:1:p:76-102 Template-Type: ReDIF-Article 1.0 Author-Name: Vivek Chibber Author-X-Name-First: Vivek Author-X-Name-Last: Chibber Title: Introduction to the special issue of ROSE Journal: Review of Social Economy Pages: 1-2 Issue: 1 Volume: 79 Year: 2021 Month: 01 X-DOI: 10.1080/00346764.2021.1896189 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1896189 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:1:p:1-2 Template-Type: ReDIF-Article 1.0 Author-Name: Korkut Alp Ertürk Author-X-Name-First: Korkut Alp Author-X-Name-Last: Ertürk Title: Induced technology hypothesis. Acemoglu and Marx on deskilling (skill replacing) innovations Abstract: The paper hypothesizes that the worldwide market-friendly political/institutional transformations of the early 1980s had an impact on the direction of technological change. Their crucial effect was to make an integrated global labor market politically feasible, which raised demand for what eventually became global value chains and production networks, requiring in turn the further development of IT to lower communication and information costs. IT investment and demand for high skills, driven up by the large set up costs of global networks, eventually stagnated once these networks were in place making the expansion of low-skill employment around the world less dependent on their services. Journal: Review of Social Economy Pages: 3-24 Issue: 1 Volume: 79 Year: 2021 Month: 1 X-DOI: 10.1080/00346764.2019.1650291 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1650291 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:1:p:3-24 Template-Type: ReDIF-Article 1.0 Author-Name: Nicholas Vrousalis Author-X-Name-First: Nicholas Author-X-Name-Last: Vrousalis Title: How exploiters dominate Abstract: This paper argues that exploitation is a form of domination, domination for self-enrichment. In a slogan, exploitation is a dividend of servitude—a benefit the powerful extract by converting the vulnerable into their servants. The paper argues that what makes exploitation wrong is that it constitutes domination-induced unilateral service to others; that this form of servitude is necessarily cashed out in terms of labour time or effort; that competing accounts of exploitation fail to do justice to the servitude dimension; and that what distinguishes capitalism historically is the way it reproduces a structural dilemma between dominated work and no work. Journal: Review of Social Economy Pages: 103-130 Issue: 1 Volume: 79 Year: 2021 Month: 1 X-DOI: 10.1080/00346764.2019.1618483 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1618483 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:1:p:103-130 Template-Type: ReDIF-Article 1.0 Author-Name: Ramesh Chandra Das Author-X-Name-First: Ramesh Chandra Author-X-Name-Last: Das Author-Name: Chhanda Mandal Author-X-Name-First: Chhanda Author-X-Name-Last: Mandal Author-Name: Arun Kumar Patra Author-X-Name-First: Arun Kumar Author-X-Name-Last: Patra Title: Linkage between social sector’s spending and HDI: study on individual as well as panel data of Indian states Abstract: Spending upon different social sectors from the government’s exchequer has been one of the priority agendas of any country or province since it affects growth and human development. In this juncture, this study investigates the linkages between social sector’s spending and HDI in individual as well as panel of states in India for the period 1995–2016. Using cointegration, causality and error correction mechanism for the individual and panel of states, the study observes that there are long-run relations between the two for a small number of states but no one produces error correction results. Most of the states in the North Eastern Region produce bilateral causality between two. Further, the panel data results through VECM show that both the indicators have long-run associations but errors are not again corrected. However, all the past values of the two indicators make a cause to each other in the panel framework. Journal: Review of Social Economy Pages: 357-379 Issue: 2 Volume: 79 Year: 2021 Month: 4 X-DOI: 10.1080/00346764.2019.1671605 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1671605 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:2:p:357-379 Template-Type: ReDIF-Article 1.0 Author-Name: Geoffrey Poitras Author-X-Name-First: Geoffrey Author-X-Name-Last: Poitras Title: Phenomenology and heterodox economics Abstract: This paper proposes that the pluralistic tent of heterodox economics could be enhanced by accommodating phenomenological inquiry. After an overview of heterodox economics and why phenomenology could be relevant to this project, attention focuses on contributions to phenomenology by Edmund Husserl and Martin Heidegger. With this background, the historical evolution of hermeneutics is traced from the historicism of Wilhelm Dilthey to the search for universal truths in the human sciences by Hans-Georg Gadamer. Motivated by the hermeneutic phenomenology of Gadamer and Paul Ricoeur, the relationship of phenomenology to critical realism is critically examined. Substantive differences between phenomenological research methods and those used in orthodox economics are identified and used to illustrate how phenomenology could assist some heterodox economists in making substantive contributions that challenge the orthodoxy. Journal: Review of Social Economy Pages: 333-356 Issue: 2 Volume: 79 Year: 2021 Month: 4 X-DOI: 10.1080/00346764.2019.1669811 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1669811 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:2:p:333-356 Template-Type: ReDIF-Article 1.0 Author-Name: Roland Zullo Author-X-Name-First: Roland Author-X-Name-Last: Zullo Title: Non-market institutions and crime in US counties: Hayek v. Polanyi Abstract: Karl Polanyi’s The great transformation emphasized the importance of non-market institutions for social equity and stability. In that same era, Friedrich Hayek postulated in The road to serfdom that superior economies were market-based and featured minimal government. I compare these worldviews in relation to property and violent crime. Using US county data, change in crime is modeled as a function of economic structure, economic conditions, and demographics. Consistent with Polanyi, the size of the public sector in the economy negatively associates with crime. Within the public sector, education is a critical crime-reducing function, more so than law enforcement. Industry diversity is positively associated with crime, contrary to Hayek. Manufacturing equates with lower crime and the size of the private non-profit sector is unrelated to crime. Overall the results favor Polanyi’s assertion that non-market institutions are necessary to counter the harsh outcomes arising from market economic systems. Journal: Review of Social Economy Pages: 310-332 Issue: 2 Volume: 79 Year: 2021 Month: 4 X-DOI: 10.1080/00346764.2019.1663909 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1663909 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:2:p:310-332 Template-Type: ReDIF-Article 1.0 Author-Name: Kanybek Nur-tegin Author-X-Name-First: Kanybek Author-X-Name-Last: Nur-tegin Title: Social capital – a topsoil for democracy Abstract: Political theorists are familiar with the proposition that social capital in the form of trust, membership in voluntary organizations, and community engagement, is conducive to democracy. Corroborating empirical evidence exists but it is patchy and inconclusive because it is usually based on aggregate, often country-level data or isolated case studies, and the identified relationship is associative rather than causal. In this paper, I use some of the most recent large-scale micro-level datasets to establish that the relationship between social capital and democracy is indeed strong and causal as predicted by theory. I find that citizens who have more trust in others, attend community meetings, and belong to voluntary organizations tend to prefer democracy to any other kind of governance. Journal: Review of Social Economy Pages: 166-190 Issue: 2 Volume: 79 Year: 2021 Month: 4 X-DOI: 10.1080/00346764.2019.1640385 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1640385 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:2:p:166-190 Template-Type: ReDIF-Article 1.0 Author-Name: Eefje de Gelder Author-X-Name-First: Eefje Author-X-Name-Last: de Gelder Author-Name: Albert de Vaal Author-X-Name-First: Albert Author-X-Name-Last: de Vaal Author-Name: Paul H. Driessen Author-X-Name-First: Paul H. Author-X-Name-Last: Driessen Author-Name: Esther-Mirjam Sent Author-X-Name-First: Esther-Mirjam Author-X-Name-Last: Sent Author-Name: Josée Bloemer Author-X-Name-First: Josée Author-X-Name-Last: Bloemer Title: Market competition and ethical standards: the case of fair trade mainstreaming Abstract: This paper analyzes whether ideology-driven firms doing business based on ethical principles such as those envisioned by fair trade can survive in the market when competition increases. By formally evaluating the development of fair trade over time, we show that such firms cannot continue to exist with full compliance with ethical standards about fairness. We conceptualize fairness as wealth transfers to small local producers in developing countries and apply a Hotelling-model of horizontal competition in fairness. Results show that increasing the scale and scope of fair trade products in the market implies that concessions on fairness are needed to survive intensified competition. Ideology-driven fair trade firms will survive only if they differentiate. In the end, paradoxically, wealth transfers by ideology-driven firms can be upheld only by focusing on other attributes than fairness to attract consumers. Only then can ideology-driven firms maintain ethical standards in a market environment, while alleviating pressure on total wealth transfers to local producers. Journal: Review of Social Economy Pages: 191-221 Issue: 2 Volume: 79 Year: 2021 Month: 4 X-DOI: 10.1080/00346764.2019.1650292 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1650292 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:2:p:191-221 Template-Type: ReDIF-Article 1.0 Author-Name: Philipp Heimberger Author-X-Name-First: Philipp Author-X-Name-Last: Heimberger Title: What is structural about unemployment in OECD countries? Abstract: While established estimates of ‘structural’ unemployment are regularly assumed to be a valid proxy for their unobservable theoretical postulate, this paper sets out to study their actual econometric determinants. Based on a data set for 23 OECD countries over the time period 1985–2013, the panel regression results suggest that standard institutional labor market indicators – such as employment protection legislation, trade union density, tax wedge, minimum wages – largely underperform in explaining measures of ‘structural’ unemployment, but macroeconomic factors – in particular capital accumulation, but also the long-term real interest rate – are essential determinants. The available macroeconometric evidence does not support the view that labor market institutions are at the heart of increased ‘structural’ unemployment in OECD economies. To understand the development of unemployment in OECD countries, researchers and policy-makers should primarily consider macroeconomic factors and focus on capital accumulation. Journal: Review of Social Economy Pages: 380-412 Issue: 2 Volume: 79 Year: 2021 Month: 4 X-DOI: 10.1080/00346764.2019.1678067 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1678067 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:2:p:380-412 Template-Type: ReDIF-Article 1.0 Author-Name: Steve Fleetwood Author-X-Name-First: Steve Author-X-Name-Last: Fleetwood Title: A definition of habit for socio-economics Abstract: The paper argues that it is a mistake to define habit as behaviour or action; as a regular conjunction of actions; as a stock; as a form of automaticity (although habit is acquired and activated automatically); as a tendency, propensity or disposition (even though habit acts tendentially); as a mechanism; and as a process (even though habit is acquired and activated via several processes). A taxonomic definition is provided wherein habit is a cognitive representation of a cue-action response. Journal: Review of Social Economy Pages: 131-165 Issue: 2 Volume: 79 Year: 2021 Month: 04 X-DOI: 10.1080/00346764.2019.1630668 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1630668 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:2:p:131-165 Template-Type: ReDIF-Article 1.0 Author-Name: Rosalia Castellano Author-X-Name-First: Rosalia Author-X-Name-Last: Castellano Author-Name: Gaetano Musella Author-X-Name-First: Gaetano Author-X-Name-Last: Musella Author-Name: Gennaro Punzo Author-X-Name-First: Gennaro Author-X-Name-Last: Punzo Title: Wage dynamics in light of the structural changes in the labour market across four more economically developed countries of Europe Abstract: This paper investigates the evolution of wages and wage inequality in four European countries during the economic crisis in light of important shifts in the occupational structure. Through recentered influence function regression for quantiles of European Union Survey on Income and Living Conditions data, this analysis links research on the primary forces of both wage and wage inequality to the decomposition of their changes between 2005 and 2013 into the composition effect and the wage structure. France and Germany show decreasing wage inequality despite having opposite changes in wages, whereas the United Kingdom and Italy show increasing wage inequality while maintaining opposite changes in wages. The wage structure has a greater influence on generating variation in the real salary, and the composition effect mostly explains the change in wage inequality with varying intensity throughout the distribution. Italy is the only country whose wage structure significantly contributes to wage inequality. Journal: Review of Social Economy Pages: 222-260 Issue: 2 Volume: 79 Year: 2021 Month: 4 X-DOI: 10.1080/00346764.2019.1655163 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1655163 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:2:p:222-260 Template-Type: ReDIF-Article 1.0 Author-Name: Sergei Hoxha Author-X-Name-First: Sergei Author-X-Name-Last: Hoxha Author-Name: Alfred Kleinknecht Author-X-Name-First: Alfred Author-X-Name-Last: Kleinknecht Title: Do trustful labor–management relations enhance innovation? Evidence from German WSI data Abstract: Analyzing a sample of German firms, our Probit analysis shows that conflictual Anglo-Saxon type labor–management relationships are negatively related to the probability of performing R&D and to introduce innovations. We add to the Varieties of Capitalism literature a number of arguments of why cooperative Rhineland labor relations are superior in handling the ‘routine’ innovation model in knowledge-intensive industries. Notably if innovative competences are based on the stepwise accumulation over long periods of bits and pieces of knowledge for the continuous improvement of products, processes or systems, cooperative Rhineland labor relations appear to be superior to conflictual Anglo-Saxon labor relations. Journal: Review of Social Economy Pages: 261-285 Issue: 2 Volume: 79 Year: 2021 Month: 4 X-DOI: 10.1080/00346764.2019.1662936 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1662936 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:2:p:261-285 Template-Type: ReDIF-Article 1.0 Author-Name: Guido de Blasio Author-X-Name-First: Guido Author-X-Name-Last: de Blasio Author-Name: Diego Scalise Author-X-Name-First: Diego Author-X-Name-Last: Scalise Author-Name: Paolo Sestito Author-X-Name-First: Paolo Author-X-Name-Last: Sestito Title: Universalism vs. particularism: a round trip from sociology to economics Abstract: Social scientists, in particular sociologists, claim that the distinction between universalistic and particularistic values is relevant to explaining the social behaviour of individuals (and societies). This paper provides preliminary empirical evidence that supports the claim. It first defines a number of proxies for the degree of particularism embedded into long-celebrated dimensions of social behaviour (trust, political awareness, and associational activities). Then, it shows that the particularistic measures are positively correlated to each other and negatively correlated to some established generalist measures for all dimensions of social behaviour considered, both across and within countries and regions. Moreover, the paper relates that the various proxies for particularism share the same set of covariates (such as low education and income), which are neatly distinguishable from the determinants of the generalist measures. Journal: Review of Social Economy Pages: 286-309 Issue: 2 Volume: 79 Year: 2021 Month: 4 X-DOI: 10.1080/00346764.2019.1663908 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1663908 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:2:p:286-309 Template-Type: ReDIF-Article 1.0 Author-Name: The Editors Title: Book Reviews Journal: Review of Social Economy Pages: 241-273 Issue: 2 Volume: 66 Year: 2008 Month: 6 X-DOI: 10.1080/00346760701821821 File-URL: http://hdl.handle.net/10.1080/00346760701821821 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:2:p:241-273 Template-Type: ReDIF-Article 1.0 Author-Name: The Editors Title: Contributors Journal: Review of Social Economy Pages: 275-278 Issue: 2 Volume: 66 Year: 2008 Month: 6 X-DOI: 10.1080/00346760802264111 File-URL: http://hdl.handle.net/10.1080/00346760802264111 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:66:y:2008:i:2:p:275-278 Template-Type: ReDIF-Article 1.0 Author-Name: Mirjam Müller Author-X-Name-First: Mirjam Author-X-Name-Last: Müller Title: Who cares? Market socialism and social reproduction Abstract: This paper provides a feminist critique of market socialism. I argue that two important socialist values, equality and freedom, can only be realised by a form of socialism that adequately distributes and values tasks associated with social reproduction. My argument proceeds in five steps: first, I outline of the main characteristics of market socialism. Second, I provide an understanding of social reproduction and show that its current organisation raises a feminist concern. Third, I discuss the relation between markets under market socialism and social reproduction and draw implications from this for the market socialist project. Finally, I show that market socialism has the potential to bring about a more equal distribution of responsibility for social reproductive work. Journal: Review of Social Economy Pages: 454-475 Issue: 3 Volume: 79 Year: 2021 Month: 07 X-DOI: 10.1080/00346764.2020.1830157 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1830157 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:3:p:454-475 Template-Type: ReDIF-Article 1.0 Author-Name: Alan Thomas Author-X-Name-First: Alan Author-X-Name-Last: Thomas Title: Market socialism, labour market domination, and the state as employer of last resort Abstract: This paper assesses the claim that to avoid labour market domination we must be market socialists committed to an extensive sector of worker-owned firms. The labour republican tradition offers three perspectives on this argument: Ellerman argues that non-domination demands that all workplaces be worker owned. Hockett has argued that it demands a policy that the state function as the employer of last resort. Taylor argues that all that republicanism requires is a strengthened exit right for workers. This paper develops the claim that mandatory market socialism would be illiberal by thinning the market for labour and removing the fair value of exit rights. The most reasonable view, overall, accepts that the state must be the employer of last resort so as to eliminate labour market domination, but this is a macro-level commitment that does not place any meso-level restrictions on the nature of the firm. Journal: Review of Social Economy Pages: 528-553 Issue: 3 Volume: 79 Year: 2021 Month: 07 X-DOI: 10.1080/00346764.2020.1869294 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1869294 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:3:p:528-553 Template-Type: ReDIF-Article 1.0 Author-Name: Hannes Kuch Author-X-Name-First: Hannes Author-X-Name-Last: Kuch Title: Justice, ethical dispositions, and liberal socialism Abstract: Social institutions that seek to realize justice must foster the moral disposition to act on the norms of justice. In order to spell out this claim, the paper turns to Hegel’s idea of Sittlichkeit (ethical life). In Hegel’s framework, the institutions of ethical life have the task of nurturing the ‘ethical disposition’, something akin to what Rawls calls the ‘sense of justice’. This task places particular constraints on institutions. The formation of ethical dispositions requires what I call an ‘internal’ transformation of the economic sphere, allowing individuals to develop their moral capacities. This stands in contrast to many theories of distributive justice, including Rawls’s, which treat the market as a ‘black box’, whose main virtue is seen in maximizing economic output. By reconstructing Hegel’s institutional suggestions systematically, it turns out that Hegel’s social philosophy offers convincing arguments for a liberal socialism. Journal: Review of Social Economy Pages: 476-505 Issue: 3 Volume: 79 Year: 2021 Month: 07 X-DOI: 10.1080/00346764.2020.1836388 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1836388 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:3:p:476-505 Template-Type: ReDIF-Article 1.0 Author-Name: Hannes Kuch Author-X-Name-First: Hannes Author-X-Name-Last: Kuch Author-Name: Gottfried Schweiger Author-X-Name-First: Gottfried Author-X-Name-Last: Schweiger Title: Introduction to the special issue on market socialism Journal: Review of Social Economy Pages: 413-418 Issue: 3 Volume: 79 Year: 2021 Month: 07 X-DOI: 10.1080/00346764.2021.1961012 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1961012 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:3:p:413-418 Template-Type: ReDIF-Article 1.0 Author-Name: Tully Rector Author-X-Name-First: Tully Author-X-Name-Last: Rector Title: Market socialism as a form of life Abstract: Capitalism is not only an economic order, but a form of life. Market socialism is proposed as an alternative, and should be assessed according to the standards of second-order coherence and social rationality that make a form of life habitable. I argue that it fails to meet those standards. Competitive market practices encode values that determine specific reasons for action and belief, reasons antithetical to those given by the principle of community. That principle, however, validates the politics under which common capital ownership is secured. The selfsame agents, in their fulfillment of essential and non-negotiable functional roles, are required to be equally responsive to incompatible reasons. This undermines the case for market socialism’s general stability. Journal: Review of Social Economy Pages: 581-606 Issue: 3 Volume: 79 Year: 2021 Month: 07 X-DOI: 10.1080/00346764.2021.1886319 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1886319 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:3:p:581-606 Template-Type: ReDIF-Article 1.0 Author-Name: Nicholas Vrousalis Author-X-Name-First: Nicholas Author-X-Name-Last: Vrousalis Title: Public ownership, worker control, and the labour epistocracy problem Abstract: This paper argues that influential contemporary models of market socialism fail to do justice to traditional socialist concerns about exploitation and, by implication, about workplace oppression. More precisely, neither pure public ownership models (such as Roemer's), nor hybrid models of public ownership plus worker control (such as Schweickart's) suffice individually to attenuate exploitation and workplace hierarchy. Quite independently of alienable capital, these theories fail to account for the labour epistocracy, a class of workers who, by dint of higher marketable epistemic credentials and talents, can subjugate the labour of those with lower epistemic credentials. An improved model of market socialism would, I argue, account for the labour epistocracy by combining universal worker control with a strongly predistributive form of public ownership. Journal: Review of Social Economy Pages: 439-453 Issue: 3 Volume: 79 Year: 2021 Month: 07 X-DOI: 10.1080/00346764.2020.1840615 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1840615 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:3:p:439-453 Template-Type: ReDIF-Article 1.0 Author-Name: Christian Neuhäuser Author-X-Name-First: Christian Author-X-Name-Last: Neuhäuser Title: Property-owning democracy, market socialism and workplace democracy Abstract: The paper discusses why on the one hand William Edmundson thinks that market socialism is superior to property-owning democracy, while on the other hand Alan Thomas thinks that an egalitarian version of property-owning democracy is superior to market socialism. For the purpose of this discussion, the concepts of property-owning democracy and market socialism are systematized and it is argued that those concepts, as understood by Rawls, do not exhaust the list of possible alternatives to capitalism and state socialism. Economic democracy, understood as mandatory workplace democracy, will be introduced as a middle ground, somewhat closer to market socialism than property-owning democracy. Against this background, it is argued that questions of transition and stability are important for deciding between these regimes and the importance of two realistic constraints in making this choice, namely egoism of powerful agents and path-dependency in institutional design, is highlighted. Journal: Review of Social Economy Pages: 554-580 Issue: 3 Volume: 79 Year: 2021 Month: 07 X-DOI: 10.1080/00346764.2020.1854333 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1854333 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:3:p:554-580 Template-Type: ReDIF-Article 1.0 Author-Name: Helen McCabe Author-X-Name-First: Helen Author-X-Name-Last: McCabe Title: John Stuart Mill: market socialist? Abstract: Compared to other elements of his political and economic thought, John Stuart Mill’s claim to be ‘under the general designation of Socialist’ has largely been ignored. Where it has been acknowledged, it has generally been denied. One exception to this rule has been to link Mill with ‘market socialism’, primarily because of his commitments to worker-cooperatives and competition. These are both elements of Mill's socialism, but when we examine his position on production, distribution and exchange more carefully, it becomes much less clear that Mill endorses anything like a ‘market’ in his socialism. This paper offers a critical assessment of Mill’s status as ‘market socialist’, considering, in particular, the ‘ethos’ he proposed for socialist organization of production and exchange, which is at odds with a profit-seeking motivation. Journal: Review of Social Economy Pages: 506-527 Issue: 3 Volume: 79 Year: 2021 Month: 07 X-DOI: 10.1080/00346764.2020.1781923 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1781923 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:3:p:506-527 Template-Type: ReDIF-Article 1.0 Author-Name: Man-kong Li Author-X-Name-First: Man-kong Author-X-Name-Last: Li Title: A socialist justification of the market Abstract: A wide use of markets is indispensable for a viable socialist economy. Yet, many considered market socialism a normatively compromised form of socialism. Some argue that the use of markets can only be justified by non-socialist values. This article argues that a wide use of markets in the spheres of commodities and finance can be justified by principled socialist reasons. It first recasts the central ideal of socialism as to promote people’s self-realization in productive work. Then it argues that people should freely produce for others’ genuine needs in order to satisfy this ideal. It is then shown that an egalitarian market economy, where citizens have relatively equal income and where extensive provision of public goods that contribute to developing people’s capability is available, better provides for people’s diverse and changing needs than a central-planning economy. Thus, it concludes, there is a socialist justification of the market. Journal: Review of Social Economy Pages: 419-438 Issue: 3 Volume: 79 Year: 2021 Month: 07 X-DOI: 10.1080/00346764.2021.1887507 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1887507 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:3:p:419-438 Template-Type: ReDIF-Article 1.0 Author-Name: Kimty Seng Author-X-Name-First: Kimty Author-X-Name-Last: Seng Title: Inclusive legal justice for inclusive economic development: a consideration Abstract: Utilising cross-country data, this article analyses the implications of promoting inclusive legal justice for inclusive economic development. The analysis is carried out by quantifying the effects of inclusive legal justice in terms of inclusive criminal justice and in terms of inclusive civil justice on inclusive economic development. The results suggest that, accounting for the endogeneity of inclusive legal justice, both criminal and civil, countries with higher levels of inclusive legal justice are very likely to enjoy higher real GDP per capita, improved equal economic opportunity, lower socio-economic disparity and more inclusive economic development. These findings reveal that inclusive economic development is unlikely to be achieved without inclusive legal justice. Journal: Review of Social Economy Pages: 749-783 Issue: 4 Volume: 79 Year: 2021 Month: 10 X-DOI: 10.1080/00346764.2020.1720792 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1720792 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:4:p:749-783 Template-Type: ReDIF-Article 1.0 Author-Name: Ilker Kaya Author-X-Name-First: Ilker Author-X-Name-Last: Kaya Author-Name: Volkan Yeniaras Author-X-Name-First: Volkan Author-X-Name-Last: Yeniaras Author-Name: Ozgur Kaya Author-X-Name-First: Ozgur Author-X-Name-Last: Kaya Title: Dimensions of religiosity, altruism and life satisfaction Abstract: This study utilizes data from 3008 adult individuals in Turkey and examines the direct and indirect relationships between the dimensions of (Islamic) religiosity and life satisfaction. We took a dual approach in examining the proposed web of relationships and treated (i) charitable giving and (ii) volunteering as mediators that account for the relation between dimensions of religiosity and life satisfaction. We provided empirical evidence that religious orientation determines the choice between charitable giving and volunteering. The results show that the adherents that use religion for social gains (inner peace and comfort) are more likely to volunteer (donate) but less likely to donate (volunteer). Further, our findings indicate that individuals that expect inner peace and comfort (social gains) from religion get more life satisfaction from donating (volunteering) whereas the life satisfaction of those adherents that use religion for social gains (inner peace and comfort) diminishes if they were to donate (volunteer). Journal: Review of Social Economy Pages: 717-748 Issue: 4 Volume: 79 Year: 2021 Month: 10 X-DOI: 10.1080/00346764.2019.1711151 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1711151 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:4:p:717-748 Template-Type: ReDIF-Article 1.0 Author-Name: Steve Fleetwood Author-X-Name-First: Steve Author-X-Name-Last: Fleetwood Title: Re-visiting rules and norms Abstract: Rules (i.e. formal rules) are injunctions, constituted by social phenomena. They are learned, mutually understood, located in artefacts and govern agents’ actions. When rules are broken, formal sanctions occur. They are cognised and followed consciously. When rules are followed directly, they govern agents’ actions. Rules always exist separately from the agents in a rule-circle. Whilst the term unofficial or informal rules is widely used, I consider this to be a mistake: informal rules are not real, the term reifies them. Norms are injunctions are constituted by socio-cognitive phenomena. They are learned, mutually understood and located as memories of past actions, in agents’ cognitive systems. They govern agents’ actions. Norms are cognised and followed with varying degrees of (un)consciousness. They are always internal to agents, located in their cognitive systems. Journal: Review of Social Economy Pages: 607-635 Issue: 4 Volume: 79 Year: 2021 Month: 10 X-DOI: 10.1080/00346764.2019.1623909 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1623909 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:4:p:607-635 Template-Type: ReDIF-Article 1.0 Author-Name: M. Burak Önemli Author-X-Name-First: M. Burak Author-X-Name-Last: Önemli Author-Name: Joel Potter Author-X-Name-First: Joel Author-X-Name-Last: Potter Title: Reference group inequality, positional goods, and their impact on subjective well-being: evidence from Turkey Abstract: Using the 2013 Turkish Life Satisfaction Survey, we investigate two hypotheses that are novel to the happiness literature. The first of these hypotheses is that income dispersion/inequality within an individual’s reference group has a negative effect on happiness, ceteris paribus; we find evidence to support this hypothesis. The second hypothesis is that housing is a positional good that has a negative positional externality; we find evidence to support this hypothesis as well. Additionally, we explore the notion that non-pecuniary factors (like social life satisfaction) carry more weight in explaining happiness than do standard pecuniary factors (such as an individual’s own income). Our findings suggest that in large part, the path to a happy life is through gaining access to a wealth of non-pecuniary characteristics. In a broad sense, our study explores the significance that comparison effects in the pecuniary domain can have on individual happiness. Journal: Review of Social Economy Pages: 636-663 Issue: 4 Volume: 79 Year: 2021 Month: 10 X-DOI: 10.1080/00346764.2019.1690161 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1690161 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:4:p:636-663 Template-Type: ReDIF-Article 1.0 Author-Name: Milan Zafirovski Author-X-Name-First: Milan Author-X-Name-Last: Zafirovski Title: Economics in sociology? Original economic theories, concepts and approaches in classical sociologists Abstract: This paper explores the presence and consideration of economics in sociology, specifically its classical version. It identifies certain original and independent economic theories, concepts and approaches in classical sociological theory as central and its derivations, implications and extensions of economics as peripheral. The paper argues and demonstrates that classical sociology is far from being the science of noneconomic or irrational phenomena, as often sociologists conceive it and economists perceive it in counter-distinction from economics defined as the science of rational behavior, and indeed encompasses virtually all economic activities and processes, and thus prefigures New Economic Sociology adopting the same approach. Journal: Review of Social Economy Pages: 664-716 Issue: 4 Volume: 79 Year: 2021 Month: 10 X-DOI: 10.1080/00346764.2019.1709985 File-URL: http://hdl.handle.net/10.1080/00346764.2019.1709985 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:79:y:2021:i:4:p:664-716 Template-Type: ReDIF-Article 1.0 Author-Name: Lisa Herzog Author-X-Name-First: Lisa Author-X-Name-Last: Herzog Author-Name: Philipp Kellmeyer Author-X-Name-First: Philipp Author-X-Name-Last: Kellmeyer Author-Name: Verina Wild Author-X-Name-First: Verina Author-X-Name-Last: Wild Title: Digital behavioral technology, vulnerability and justice: towards an integrated approach Abstract: The paper introduces the notion of ‘digital behavioral technologies’ and discusses them from the perspectives of vulnerability and justice, thereby integrating perspectives from bioethics or public health ethics and political philosophy. Digital behavioral technologies have seen a massive uptake in recent years, but the market for them is hardly regulated. We argue that understanding the impact of digital behavioral technologies requires understanding individuals not as abstract, atomized agents, but rather to take their embeddedness into social structures into account. This also allows extending the focus to groups, relationships and whole societies, which are often structurally unjust. This perspective provides a corrective to an overly individualistic consideration of digital behavioral technologies, which may suggest itself because of their focus on individual bodies. We point out some implications of this integrated approach with regard to the regulation of digital behavioral technologies. We conclude by describing some implications both for those who work on digital behavioral technologies and for those who work on questions of vulnerability and justice. Journal: Review of Social Economy Pages: 7-28 Issue: 1 Volume: 80 Year: 2022 Month: 01 X-DOI: 10.1080/00346764.2021.1943755 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1943755 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:1:p:7-28 Template-Type: ReDIF-Article 1.0 Author-Name: Sebastian Schleidgen Author-X-Name-First: Sebastian Author-X-Name-Last: Schleidgen Author-Name: Orsolya Friedrich Author-X-Name-First: Orsolya Author-X-Name-Last: Friedrich Author-Name: Andreas Wolkenstein Author-X-Name-First: Andreas Author-X-Name-Last: Wolkenstein Title: How intelligent neurotechnology can be epistemically unjust. An exploration into the ethics of algorithms Abstract: Recently, the epistemic quality of algorithms and its normative implications have come under scrutiny. While general questions of justice have been addressed in this context, specific issues of epistemic (in)justice have so far been neglected. We aim to fill this gap by analyzing some potential implications of behavioral intelligent neurotechnology (B-INT). We claim that B-INT exhibits a number of epistemic features implying the potential for certain epistemic problems, which, in turn, are likely to result in instances of epistemic injustice. To support this claim, we will first introduce and specify the terminology and technology behind B-INT. Second, we will present four fictitious scenarios of using B-INT and highlight a number of epistemic issues that might arise. Third, we will discuss their relation to the concept of epistemic justice, as well as potential instances thereof. Thus, we will show some important and morally relevant implications of the epistemic properties of INT. Journal: Review of Social Economy Pages: 106-126 Issue: 1 Volume: 80 Year: 2022 Month: 01 X-DOI: 10.1080/00346764.2021.1979241 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1979241 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:1:p:106-126 Template-Type: ReDIF-Article 1.0 Author-Name: Michael Klenk Author-X-Name-First: Michael Author-X-Name-Last: Klenk Title: (Online) manipulation: sometimes hidden, always careless Abstract: Ever-increasing numbers of human interactions with intelligent software agents, online and offline, and their increasing ability to influence humans have prompted a surge in attention toward the concept of (online) manipulation. Several scholars have argued that manipulative influence is always hidden. But manipulation is sometimes overt, and when this is acknowledged the distinction between manipulation and other forms of social influence becomes problematic. Therefore, we need a better conceptualisation of manipulation that allows it to be overt and yet clearly distinct from related concepts of social influence. I argue that manipulation is careless influence, show how this account helps to alleviate the shortcomings of the hidden influence view of manipulation, and derive implications for digital ethics. Journal: Review of Social Economy Pages: 85-105 Issue: 1 Volume: 80 Year: 2022 Month: 01 X-DOI: 10.1080/00346764.2021.1894350 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1894350 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:1:p:85-105 Template-Type: ReDIF-Article 1.0 Author-Name: Lisa Herzog Author-X-Name-First: Lisa Author-X-Name-Last: Herzog Author-Name: Philipp Kellmeyer Author-X-Name-First: Philipp Author-X-Name-Last: Kellmeyer Author-Name: Verina Wild Author-X-Name-First: Verina Author-X-Name-Last: Wild Title: Introduction to the special issue ‘digital behavioral technologies, vulnerability, and justice’ Abstract: This short introduction presents the theme of the special issue and provides a preview of the articles. Journal: Review of Social Economy Pages: 1-6 Issue: 1 Volume: 80 Year: 2022 Month: 01 X-DOI: 10.1080/00346764.2022.2032293 File-URL: http://hdl.handle.net/10.1080/00346764.2022.2032293 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:1:p:1-6 Template-Type: ReDIF-Article 1.0 Author-Name: Hauke Behrendt Author-X-Name-First: Hauke Author-X-Name-Last: Behrendt Author-Name: Wulf Loh Author-X-Name-First: Wulf Author-X-Name-Last: Loh Title: Informed consent and algorithmic discrimination – is giving away your data the new vulnerable? Abstract: This paper discusses various forms and sources of algorithmic discrimination. In particular, we explore the connection between – at first glance – ‘voluntary’ sharing or selling of one’s data on the one hand and potential risks of automated decision-making based on big data and artificial intelligence on the other. We argue that the implementation of algorithm-driven profiling or decision-making mechanisms will, in many cases, disproportionately disadvantage certain vulnerable groups that are already disadvantaged by many existing datafication practices. We call into question the voluntariness of these mechanisms, especially for certain vulnerable groups, and claim that members of such groups are oftentimes more likely to give away their data. If these existing datafication practices exacerbate prior disadvantages, they ‘compound historical injustices’ (Hellman, 2018) and thereby constitute forms of morally wrong discrimination. To make matters worse, they are even more prone to further algorithmic discriminations based on the additional data collected from them. Journal: Review of Social Economy Pages: 58-84 Issue: 1 Volume: 80 Year: 2022 Month: 01 X-DOI: 10.1080/00346764.2022.2027506 File-URL: http://hdl.handle.net/10.1080/00346764.2022.2027506 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:1:p:58-84 Template-Type: ReDIF-Article 1.0 Author-Name: Tereza Hendl Author-X-Name-First: Tereza Author-X-Name-Last: Hendl Author-Name: Bianca Jansky Author-X-Name-First: Bianca Author-X-Name-Last: Jansky Title: Tales of self-empowerment through digital health technologies: a closer look at ‘Femtech’ Abstract: Femtech technologies, such as period and fertility trackers, promise their users empowerment through reliable knowledge about and control over their bodies and ownership of their procreative health. However, the notion of empowerment through period and fertility apps deserves scrutiny. Based on a thematic analysis of a range of ‘female health’ app promotion materials, we explore the kind of empowerment promised by app providers and point towards significant contradictions and tensions in the discursive tales of empowerment. Building on digital sociology and intersectional feminist scholarship, we observe that the discourse promoting many of the health apps is grounded in exclusionary ontologies, normative femininity, epistemic injustice and heterosexist notions of female sexuality, which undermines the liberational rhetoric of these digital health technologies. Journal: Review of Social Economy Pages: 29-57 Issue: 1 Volume: 80 Year: 2022 Month: 01 X-DOI: 10.1080/00346764.2021.2018027 File-URL: http://hdl.handle.net/10.1080/00346764.2021.2018027 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:1:p:29-57 Template-Type: ReDIF-Article 1.0 Author-Name: George F. DeMartino Author-X-Name-First: George F. Author-X-Name-Last: DeMartino Title: The confounding problem of the counterfactual in economic explanation* Abstract: Economists who have emphasized uncertainty have tended to draw a sharp epistemic distinction between an ascertainable past and an unknowable future. But in one critical respect – in extracting causal relationships – the epistemic distinction is unsustainable. Many types of causal arguments in economics depend on counterfactual reasoning. Counterfactualizing entails the construction of fictions about what would have happened or would happen in the world absent an event that is taken to be causal. But that alternative world is foreclosed the moment the causal event occurs. Complicating matters, there is no dependable method for ascertaining the uniquely true counterfactual. Distinct research methods, and distinct economic paradigms, generate alternative plausible counterfactual accounts. This implies that causal claims in economics, too, are irreducibly fictitious – regardless of whether the subject matter concerns the past, or the future. Journal: Review of Social Economy Pages: 127-137 Issue: 2 Volume: 80 Year: 2022 Month: 4 X-DOI: 10.1080/00346764.2020.1735649 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1735649 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:2:p:127-137 Template-Type: ReDIF-Article 1.0 Author-Name: Samuel Knafo Author-X-Name-First: Samuel Author-X-Name-Last: Knafo Title: Rethinking neoliberalism after the Polanyian turn Abstract: The last two decades have seen an explosion of writings about neoliberalism insisting on the role of the state as a key architect of market dynamics. Drawing substantially from the work of Karl Polanyi, this literature has emphasised in various ways the socially constructed nature of neoliberalism. But as I argue, conceptual flaws in Polanyi’s conception of 19th liberal governance have helped perpetuate an ongoing reliance on the notion of the Market despite the recognition that there is no such thing as a self-regulated Market. Criticising the turn to Polanyi, I show how this has directed our gaze towards the rhetorical claims of neoliberal governance, at the expense of a reflection on its institutional features. The article then suggests avenues for reconfiguring the study of neoliberalism without recourse to the problematic notion of the Market. Journal: Review of Social Economy Pages: 194-219 Issue: 2 Volume: 80 Year: 2022 Month: 4 X-DOI: 10.1080/00346764.2020.1733644 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1733644 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:2:p:194-219 Template-Type: ReDIF-Article 1.0 Author-Name: Emmanuel Ayifah Author-X-Name-First: Emmanuel Author-X-Name-Last: Ayifah Author-Name: Aylit Tina Romm Author-X-Name-First: Aylit Tina Author-X-Name-Last: Romm Author-Name: Umakrishnan Kollamparambil Author-X-Name-First: Umakrishnan Author-X-Name-Last: Kollamparambil Author-Name: Stephen A. Vosti Author-X-Name-First: Stephen A. Author-X-Name-Last: Vosti Title: Effect of religion on the risk behaviour of rural Ghanaian women: evidence from a controlled field experiment Abstract: Religious doctrines may guide individual attitudes and preferences, including risk behaviour among others. We estimate the effect of religion on the willingness to take risk amongst 1209 rural women in Ghana, and observe that, whereas religious affiliation influences the decision to engage in risk, it does not in any way influence the level of risk taking thereafter. Specifically, we find that relative to the non-religious, religious affiliation of a woman influences her willingness to engage in risk negatively; however, we find very little difference in such willingness to engage in risk between the different religious groups. Journal: Review of Social Economy Pages: 138-171 Issue: 2 Volume: 80 Year: 2022 Month: 04 X-DOI: 10.1080/00346764.2020.1725831 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1725831 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:2:p:138-171 Template-Type: ReDIF-Article 1.0 Author-Name: Muhammad Salman Khan Author-X-Name-First: Muhammad Salman Author-X-Name-Last: Khan Title: Quality of governance, social capital and corruption: local governance and the Pakistan marketplace Abstract: Theoretical debate on the relationship between the quality of government, social capital and corruption remains underspecified in relation to the analysis of local governance. This paper asks how quality of government (QoG) impacts on the role of social capital (SC), and how SC connects with corruption in the local governance context. The paper develops a local governance approach in order to better understand this relationship through an in-depth qualitative case-study of the governance of Batkhela Bazaar in Malakand District of Pakistan. Three findings emerge: Firstly, the results demonstrate how QoG and socioeconomic inequalities shape the context for SC development and its role in corruption, which feeds into the poor QoG. Secondly, unlike the existing mainstream literature, the results show the fundamental importance of petty corruption to levels of trust within a society. Thirdly, reciprocity plays a crucial role in maintaining trusting ties in the context of ineffective formal institutions. Journal: Review of Social Economy Pages: 220-249 Issue: 2 Volume: 80 Year: 2022 Month: 4 X-DOI: 10.1080/00346764.2020.1734228 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1734228 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:2:p:220-249 Template-Type: ReDIF-Article 1.0 Author-Name: Emiliano Libman Author-X-Name-First: Emiliano Author-X-Name-Last: Libman Title: A simple model of some possible long-run adverse effects of inflation targeting Abstract: In Latin America, Brazil, Chile, Colombia, Mexico and Peru, have been using Inflation Targeting for at least two decades, and although there were significant improvements in social indicators, macroeconomic results have been mixed. In particular, the real exchange rate has been much more volatile and growth was significantly slower in Brazil and Mexico. In accordance with these facts, we sketch a simple New Consensus open economy model with hysteresis and we show that a policy that targets inflation disregarding the effects on the real exchange rate may have negative long-run effects. Journal: Review of Social Economy Pages: 172-193 Issue: 2 Volume: 80 Year: 2022 Month: 4 X-DOI: 10.1080/00346764.2020.1729995 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1729995 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:2:p:172-193 Template-Type: ReDIF-Article 1.0 Author-Name: Claudio Detotto Author-X-Name-First: Claudio Author-X-Name-Last: Detotto Author-Name: Marta Meleddu Author-X-Name-First: Marta Author-X-Name-Last: Meleddu Author-Name: Marco Vannini Author-X-Name-First: Marco Author-X-Name-Last: Vannini Title: Choosing pictures at an exhibition: do identity values influence the willingness to pay for art? Abstract: This paper aims to analyse to what extent the willingness to pay of art gallery visitors for the preservation of cultural artefacts is affected by the identity traits of the objects. To this purpose, we designed a discrete choice experiment that took place during a major exhibition dedicated to the artist Costantino Nivola (1911–1988) in Sassari (Sardinia, Italy). His works are known worldwide and many of them were produced after he moved from Sardinia to the United States in 1939. As a result, both the American and the Sardinian culture show up in his works and, in particular, were clearly visible in the exhibition under study. The discrete choice experiments allowed us to elicit respondents’ preferences towards the identity features stemming from Nivola’s artefacts. The results confirm the importance of this component indicating that its presence almost doubles respondents’ willingness-to-pay for the acquisition of these artefacts to a permanent collection. Journal: Review of Social Economy Pages: 250-267 Issue: 2 Volume: 80 Year: 2022 Month: 4 X-DOI: 10.1080/00346764.2020.1734229 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1734229 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:2:p:250-267 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1761992_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220804T044749 git hash: 24b08f8188 Author-Name: Catherine Deri Armstrong Author-X-Name-First: Catherine Author-X-Name-Last: Deri Armstrong Author-Name: Rose Anne Devlin Author-X-Name-First: Rose Anne Author-X-Name-Last: Devlin Author-Name: Forough Seifi Author-X-Name-First: Forough Author-X-Name-Last: Seifi Title: Doing good, feeling good: causal evidence from volunteers Abstract: Volunteers are reputedly healthier and happier than their non-volunteering counterparts. But is this a causal link or are healthier, happy individuals simply more likely to volunteer? Some papers have attempted to identify the causal relationship using an instrumental variable methodology, mostly relying on measures of religiosity as instruments for volunteering – however, religiosity may also affect health thus calling into question the validity of this approach. We rely on a novel instrument, a measure physical proximity to volunteer opportunities, to help identify the causal link from volunteering to health and happiness using econometric regression techniques. We find that volunteering is a robustly significant predictor of health, and positively affects life satisfaction for all but those aged under 35. Journal: Review of Social Economy Pages: 336-358 Issue: 3 Volume: 80 Year: 2022 Month: 7 X-DOI: 10.1080/00346764.2020.1761992 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1761992 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:3:p:336-358 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1769166_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220804T044749 git hash: 24b08f8188 Author-Name: Ariel Herbert Fambeu Author-X-Name-First: Ariel Herbert Author-X-Name-Last: Fambeu Author-Name: Georges Dieudonné Mbondo Author-X-Name-First: Georges Dieudonné Author-X-Name-Last: Mbondo Title: Endogenous peer effects and level of informality: some evidence from micro and small firms in Cameroon Abstract: Standard economic theory assumes that individuals’ preferences are independent of their social environment. However, this basic assumption seems partly unrealistic because individual utility can be affected by a variety of social interactions. This paper assesses the role of peer effects on the informality of Micro and Small firms. We use the instrumental variable approach with fixed effects on survey data in the informal sector in Cameroon. Our results show a positive impact of informal behavior of peers of the firm on its level of informality. Thus, we find a social multiplier of 9.43 and 4.65 according to the nature of the reference group. These results show that, in reality, a policy leading one firm to formalize will lead at least nine (or four depending on the reference group) others to do so due to peer effects. Journal: Review of Social Economy Pages: 387-421 Issue: 3 Volume: 80 Year: 2022 Month: 07 X-DOI: 10.1080/00346764.2020.1769166 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1769166 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:3:p:387-421 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1760339_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220804T044749 git hash: 24b08f8188 Author-Name: Nabanita Mitra Author-X-Name-First: Nabanita Author-X-Name-Last: Mitra Author-Name: Debarshi Das Author-X-Name-First: Debarshi Author-X-Name-Last: Das Title: Determinants of rising profit rates in India’s rural industries Abstract: Existing studies on the rural non-agricultural sector in India have not examined profit rates to understand the growth of the sector. Most studies have examined the rapid increase in this sector’s workforce size, and some have probed the share of this sector in the rural National Domestic Product (NDP). This paper addresses this gap. It examines the profit rate and growth in output (net value added) of the rural organised manufacturing industries segment, in the period 1998–1999 to 2007–2008. For comparison, the same parameters have been examined for urban industries. It is found that the profit rate of rural industries grew faster than urban industries. Given the significance of the profit rate, the factors driving change in the profit rate have been identified in this paper. It is found that worsening wage share and improving output-capital ratio underpinned by the rising labour productivity were responsible for rising profit rates of rural industries. Journal: Review of Social Economy Pages: 314-335 Issue: 3 Volume: 80 Year: 2022 Month: 7 X-DOI: 10.1080/00346764.2020.1760339 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1760339 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:3:p:314-335 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1762914_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220804T044749 git hash: 24b08f8188 Author-Name: Luke Petach Author-X-Name-First: Luke Author-X-Name-Last: Petach Title: Income stagnation and housing affordability in the United States Abstract: Between 1980 and 2016 the share of households in the bottom quintile of the income distribution that owned their own home declined by 10 percentage points. For the same households, the share of monthly income spent on rent increased from 28% in 1960 to over 42% in 2016. To asses the extent to which income stagnation is responsible for the decline in affordability, I use Census microdata to construct counterfactual simulations that capture the evolution of housing market trends under alternative assumptions about the distribution of income. Income stagnation explains nearly the entire decline in affordability for the bottom quintile. Housing market frictions that cause the price of housing to deviate from marginal cost matter more to households further up the income distribution. Using Atkinson-type welfare-based inequality measures, I find that the counterfactual distribution of income – with inequality held constant – results in greater welfare for nearly all possible levels of inequality aversion. Journal: Review of Social Economy Pages: 359-386 Issue: 3 Volume: 80 Year: 2022 Month: 7 X-DOI: 10.1080/00346764.2020.1762914 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1762914 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:3:p:359-386 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1792966_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220804T044749 git hash: 24b08f8188 Author-Name: Julie A. Nelson Author-X-Name-First: Julie A. Author-X-Name-Last: Nelson Title: Economics for (and by) humans Abstract: This essay discusses the nature of, and challenges for, social economics. It begins by exploring how social economics differs from mainstream economics in its goals, definition, and models, and briefly examines the roots of Neoclassical orthodoxy. It then argues that social economists need to take more seriously the human and social nature of our created knowledge. An example from the empirical study of gender and risk preferences illustrates the effects of personal and cultural factors. The essay also argues that social economists have not yet sufficiently challenged the orthodox economics view of the economy as an ethics-free sphere. This view has contributed to increased inequality and a failure to act decisively in response to climate change. A better understanding of where orthodox economics models and methods come from opens up new ways of understanding our search for knowledge and emphasizes the importance of ethics in economic life. Journal: Review of Social Economy Pages: 269-282 Issue: 3 Volume: 80 Year: 2022 Month: 07 X-DOI: 10.1080/00346764.2020.1792966 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1792966 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:3:p:269-282 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1739321_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220804T044749 git hash: 24b08f8188 Author-Name: Yousef Daoud Author-X-Name-First: Yousef Author-X-Name-Last: Daoud Author-Name: Nabil Khattab Author-X-Name-First: Nabil Author-X-Name-Last: Khattab Title: Women, labour market outcomes and religion: evidence from the British labour market Abstract: We analyse a large-scale UK quarterly Labour Force Survey data covering a period of 16 years (2002–2017) to compare labour market outcomes for women of different religious and ethnic denominations. The paper contributes to the existing literature in analysing three labour outcomes: economic activity (participation), unemployment and occupational choice. While the religious penalties facing Muslim women in unemployment were notoriously high and persistent, the results suggest that their participation is significantly lower. Finally, the occupational distribution of Muslim women shows they are similar to white Christian women in higher occupations but have a much higher probability of belonging to lower occupations. Journal: Review of Social Economy Pages: 283-313 Issue: 3 Volume: 80 Year: 2022 Month: 7 X-DOI: 10.1080/00346764.2020.1739321 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1739321 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:3:p:283-313 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1821907_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: Ivan Mendieta-Muñoz Author-X-Name-First: Ivan Author-X-Name-Last: Mendieta-Muñoz Author-Name: Codrina Rada Author-X-Name-First: Codrina Author-X-Name-Last: Rada Author-Name: Márcio Santetti Author-X-Name-First: Márcio Author-X-Name-Last: Santetti Author-Name: Rudiger von Arnim Author-X-Name-First: Rudiger Author-X-Name-Last: von Arnim Title: The US labor share of income: what shocks matter? Abstract: We propose a novel methodological approach to disentangle the main structural shocks affecting the US labor share of income. We motivate an SVAR model to derive four structural shocks: aggregate demand, labor supply, shocks to wages, and productivity; and quantify the dynamic responses of the labor share to each structural shock. We find substantial differences between the immediate post-war era and the neoliberal period. In order of magnitude, the labor share responded mainly to productivity, aggregate demand, and shocks to wages during the immediate post-war era; whereas shocks to wages, productivity, and to aggregate demand mattered most during the neoliberal era. These effects are statistically significantly different across the two periods only for wage and productivity shocks. Increased (decreased) sensitivity to wage (productivity) shocks during the neoliberal period suggests that the decline in the labor share is mainly driven by the factors that govern wage setting. Journal: Review of Social Economy Pages: 514-549 Issue: 4 Volume: 80 Year: 2022 Month: 10 X-DOI: 10.1080/00346764.2020.1821907 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1821907 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:4:p:514-549 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1774636_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: Ortrud Leßmann Author-X-Name-First: Ortrud Author-X-Name-Last: Leßmann Title: Collectivity and the capability approach: survey and discussion Abstract: Sen's capability approach is often criticized for its alleged individualism; various approaches have been suggested to overcome this problem. The notion of ‘collective capabilities’ is best known while other suggestions haven't received as much attention or approval. This article surveys the manifold suggestions for how Sen's capability approach can accommodate collectives and introduces the literature. Five strands of literature are identified with a framework that classifies these suggestions according to (a) whether the groups are externally or internally defined and (b) whether the main aim of these groups is to improve the well-being or agency of their members. After discussing the main threads of the literature the article tags Sen's capability approach as an example of structural individualism, proposes the concept of collective functionings, and calls for models of interaction between individuals and collective agency that integrate collective intentions and explore the effects of Giddensian social structure. Journal: Review of Social Economy Pages: 461-490 Issue: 4 Volume: 80 Year: 2022 Month: 10 X-DOI: 10.1080/00346764.2020.1774636 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1774636 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:4:p:461-490 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1804607_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: Mark Joseph Stelzner Author-X-Name-First: Mark Joseph Author-X-Name-Last: Stelzner Author-Name: Daniel Taekmin Nam Author-X-Name-First: Daniel Taekmin Author-X-Name-Last: Nam Title: The big cost of big medicine – calculating the rent in private healthcare Abstract: As a country, the United States spends significantly more on healthcare than other advanced industrialized countries, and Americans have comparably worse health outcomes. Both are developments of the last four decades. In this paper, we look at how change in antitrust and patent law and thus change in market power in the largest four subsectors of healthcare, hospitals, physician groups, prescription drugs, and net medical insurance, have contributed to the increasing cost of medical care in the United States. We show that the annual rent – the degree to which health care is overpriced as a result of market power – was between 2.47 and 4.30 percent of GDP in 2016 – truly a big cost for big medicine. Journal: Review of Social Economy Pages: 491-513 Issue: 4 Volume: 80 Year: 2022 Month: 10 X-DOI: 10.1080/00346764.2020.1804607 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1804607 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:4:p:491-513 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1785539_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: Tyler Hansen Author-X-Name-First: Tyler Author-X-Name-Last: Hansen Author-Name: Robert Pollin Author-X-Name-First: Robert Author-X-Name-Last: Pollin Title: Economics and climate justice activism: assessing the financial impact of the fossil fuel divestment movement Abstract: Since 2011, climate activists have advanced divestment campaigns against private fossil fuel corporations that aim to inflict damage on fossil fuel corporations through two channels: stigmatizing them and undermining their financial operations. We focus in this paper on this second purpose, considering the extent to which divestment campaigns have succeeded in inflicting financial damage on fossil fuel corporations. We present descriptive data on the level of divested fossil fuel stocks and bonds as well as econometric analysis of the impact of divestment events on the stock market prices of fossil fuel companies. We find that divestment campaigns have not been successful in inflicting significant economic damage on fossil fuel corporations, even though the movement has been successful in mobilizing public opinion against the fossil fuel corporations. Journal: Review of Social Economy Pages: 423-460 Issue: 4 Volume: 80 Year: 2022 Month: 10 X-DOI: 10.1080/00346764.2020.1785539 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1785539 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:4:p:423-460 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1802055_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20220907T060133 git hash: 85d61bd949 Author-Name: Ben Fine Author-X-Name-First: Ben Author-X-Name-Last: Fine Author-Name: Pedro Mendes Loureiro Author-X-Name-First: Pedro Author-X-Name-Last: Mendes Loureiro Title: A note on the relationship between additive separability and decomposability in measuring income inequality Abstract: This note introduces original technical results in the theoretical measurement of inequality by specifying the relationships between additive separability and homotheticity (of measures of welfare closely related to measures of inequality), and decomposability and homogeneity in measures of inequality. More specifically, an interrogation is made of the resonances and dissonances between the classic contributions of Atkinson and Shorrocks, which are key representatives, respectively, of the 'social welfare function' and the 'axiomatic' approaches to measuring inequality. In brief, in the presence of otherwise common assumptions, it is shown that additive separability and homotheticity of welfare are stronger combined conditions than decomposability and homogeneity (of degree zero) of income inequality. The gap between the two, however, can be closed by adding an extra term around total income to the measure of welfare, allowing for wider considerations of the relationship between social welfare, total income, and the distribution of individual incomes. Journal: Review of Social Economy Pages: 550-565 Issue: 4 Volume: 80 Year: 2022 Month: 10 X-DOI: 10.1080/00346764.2020.1802055 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1802055 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:80:y:2022:i:4:p:550-565 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2168037_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Andrea Sangiovanni Author-X-Name-First: Andrea Author-X-Name-Last: Sangiovanni Author-Name: Juri Viehoff Author-X-Name-First: Juri Author-X-Name-Last: Viehoff Title: Introduction to the special issue: Justice and solidarity in Europe Journal: Review of Social Economy Pages: 1-7 Issue: 1 Volume: 81 Year: 2023 Month: 01 X-DOI: 10.1080/00346764.2023.2168037 File-URL: http://hdl.handle.net/10.1080/00346764.2023.2168037 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:1:p:1-7 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1968477_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Richard Bellamy Author-X-Name-First: Richard Author-X-Name-Last: Bellamy Author-Name: Sandra Kröger Author-X-Name-First: Sandra Author-X-Name-Last: Kröger Title: Differentiated integration as a fair scheme of cooperation Abstract: Differentiated integration (DI), whereby some MS opt out or are excluded from certain common EU policies for sovereignty or capacity reasons, may be thought to undermine the EU’s functioning as what John Rawls called a fair scheme of cooperation, grounded in norms of impartiality and reciprocity. However, we argue that different forms of DI can be compatible with either fair cooperation between states on the model of Rawls’ Law of Peoples or cooperation among citizens on the model of Rawls’ two principles of domestic justice. Meanwhile, the EU has features of both, being an international Union of states and a supra- and trans-national Union of citizens. We defend the coherence of this combination and contend that DI can provide a justified mechanism for ensuring fairness between states remains compatible with fairness between citizens both within and across states. Indeed it offers a potential model for other forms of international cooperation. Journal: Review of Social Economy Pages: 61-83 Issue: 1 Volume: 81 Year: 2023 Month: 01 X-DOI: 10.1080/00346764.2021.1968477 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1968477 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:1:p:61-83 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1938191_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Peter Dietsch Author-X-Name-First: Peter Author-X-Name-Last: Dietsch Title: Designing the fiscal-monetary nexus: policy options for the EU Abstract: In recent decades, and in particular since the shift towards independent central banks, there has been no explicit coordination of fiscal and monetary policy. In the Eurozone, this lack of coordination represents an important flaw, especially since the Eurozone is not an optimal currency area. Complementing monetary union with a transfer union represents one possible solution. This paper argues that the negative impact of post-2008 and post-Covid-19 unconventional monetary policy on income inequalities provides a second reason to coordinate fiscal and monetary policy. Among various institutional arrangements to implement such coordination, the paper defends the idea that the European Central Bank should be sensitive to distributive considerations when formulating its monetary policy. Such an arrangement would help both to contain the distributive side-effects of monetary policy and to at least partially remedy the flaw at the heart of the Eurozone as long as an outright transfer union remains unfeasible. Journal: Review of Social Economy Pages: 154-171 Issue: 1 Volume: 81 Year: 2023 Month: 01 X-DOI: 10.1080/00346764.2021.1938191 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1938191 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:1:p:154-171 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1967433_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Andreas Follesdal Author-X-Name-First: Andreas Author-X-Name-Last: Follesdal Title: A just yet unequal European Union: a defense of moderate economic inequality* Abstract: What does justice require concerning socio-economic distribution among citizens of the European Union? The EU should reduce cross-national economic inequalities among inhabitants of different member states, but full economic distributive equality or a European ‘Difference Principle,' may not be required. Individuals' claim to more political influence over matters controlled by their own state in the quasi-federal EU may permit some economic inequality. Section 1 orients this contribution relative to arguments for a European universal income. Section 2 provides relevant features of the EU. Section 3 considers contractualist arguments against certain forms of economic inequality, while section 4 identifies a further argument in favour of equal shares of benefits of social cooperation, based on an interpretation of ‘social primary goods' consistent with Rawls' theory. Section 5 argues that these reasons for economic distributive equality must be weighed against more political influence over matters controlled by the individual’s sub-unit. Journal: Review of Social Economy Pages: 8-36 Issue: 1 Volume: 81 Year: 2023 Month: 01 X-DOI: 10.1080/00346764.2021.1967433 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1967433 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:1:p:8-36 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2024872_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Maurizio Ferrera Author-X-Name-First: Maurizio Author-X-Name-Last: Ferrera Title: The European Union and cross-national solidarity: safeguarding ‘togetherness’ in hard times Abstract: The EU is a new form of political organisation which can be defined as an “experimental polity”. Its distinctiveness lies in a novel assemblage of the constituent elements of polity (boundaries, binding authority, and bonding ties), and in the constant testing of new combinations of such elelements when facing functional and political challenges. Experimentalism is not always successful and can occasionally trigger off dynamics of polity disruption. The paper illustrates two instances of ‘bad experiments’ along the bounding and binding dimensions, i.e. Brexit and the euro crisis. It then focuses on the Covid 19 crisis and shows that in this case EU leaders were able not only to launch an ambitious plan of response based on joint action, but also to re-establish an “ethos of togetherness” among the Member States, on which to build for securing both social solidarity and political stability. Journal: Review of Social Economy Pages: 105-129 Issue: 1 Volume: 81 Year: 2023 Month: 01 X-DOI: 10.1080/00346764.2021.2024872 File-URL: http://hdl.handle.net/10.1080/00346764.2021.2024872 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:1:p:105-129 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2042369_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Helder De Schutter Author-X-Name-First: Helder Author-X-Name-Last: De Schutter Title: Solidarity and autonomy in the European Union Abstract: To determine at which level a particular policy domain ought to be governed, we need normative principles of levelism. In this contribution, I articulate and defend two normative principles of levelism for distributive justice in the European Union. According to the Highest-Level Solidarity Principle, we should transfer distributive solidarity to the highest level of the multilevel polity. In the EU, this is the EU-wide level. According to the Policymaker Pays Principle, policymaking and funding should be located at the same level: the level that makes the policy should also be the level that funds the policy (assuming background justice conditions of justice apply). My conclusion is that, since the funding for core redistributive projects should be Europeanized, and since funding and policymaking should be allocated to the same level, we have a pro tanto reason to Europeanize both the funding and the policymaking over core redistributive powers. Journal: Review of Social Economy Pages: 37-60 Issue: 1 Volume: 81 Year: 2023 Month: 01 X-DOI: 10.1080/00346764.2022.2042369 File-URL: http://hdl.handle.net/10.1080/00346764.2022.2042369 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:1:p:37-60 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2117401_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Stefano Merlo Author-X-Name-First: Stefano Author-X-Name-Last: Merlo Title: Self-fulfilling crises in the Eurozone and the institutional preconditions of republican sovereignty Abstract: The normative vocabulary of republican political theory can be fruitfully applied to evaluate the phases of market turbulence in sovereign debt markets witnessed during the Eurozone crisis. A view of justice that requires the minimisation of dominating relationships between agents highlights how the institutional preconditions of undominated sovereignty were lacking in the Eurozone. The agreed-upon structure within which countries operated fuelled self-fulfilling market movements in sovereign bond markets, which bear the hallmark of unjust domination as weaker Member States formed a social relationship with investors over which they did not have meaningful control. In motivating the thesis, the paper touches upon the recent debates on the sources and site of domination and on the stance, republican scholars should take toward competitive markets. Given this diagnosis, Eurozone countries have an obligation to establish supranational institutions that increase private and public channels of risk-sharing. Journal: Review of Social Economy Pages: 130-153 Issue: 1 Volume: 81 Year: 2023 Month: 01 X-DOI: 10.1080/00346764.2022.2117401 File-URL: http://hdl.handle.net/10.1080/00346764.2022.2117401 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:1:p:130-153 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2042728_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Waltraud Schelkle Author-X-Name-First: Waltraud Author-X-Name-Last: Schelkle Title: Monetary solidarity in Europe: can divisive institutions become ‘moral opportunities’? Abstract: How does the inherent norm of integration, notably to share risks among its members in good faith, become a self-sustaining practice? I address this question generally and for a critical case of a divisive institution, i.e. the evolution of sovereign bailout funding in the Euro Area since 2010. Community building between states is a potential outcome of solidaristic practices, reinforced by positive feedback processes. Inspired by Deborah Stone’s [Stone, D. A. (1999). Beyond moral hazard: Insurance as moral opportunity. Connecticut Insurance Law Journal, 6(1), 12–46] work on insurance, I demonstrate that there are social mechanisms at play that favour the secular expansion of risk sharing between states. Journal: Review of Social Economy Pages: 84-104 Issue: 1 Volume: 81 Year: 2023 Month: 01 X-DOI: 10.1080/00346764.2022.2042728 File-URL: http://hdl.handle.net/10.1080/00346764.2022.2042728 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:1:p:84-104 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1829017_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Mark Stelzner Author-X-Name-First: Mark Author-X-Name-Last: Stelzner Author-Name: Mark Paul Author-X-Name-First: Mark Author-X-Name-Last: Paul Title: Monopsony and collective action in an institutional context Abstract: Recent empirical research has documented a dramatic change in government’s role in regulating employer–employee relations, a collapse in workers’ collective action, and low wage growth contributing to rising inequality. To better understand the theoretical connections between these variables, we construct a monopsony-wage-model that integrates intertemporal strategic interaction between workers and employers in the wage setting process into an institutional context. We show that workers’ collective action reduces rents to firms. However, workers face multiple obstacles from engaging in collective action. In an environment that does not support workers, as is currently the case, it is maximizing for employees to engage in very little collective action, and, as a result, wage inequality is exacerbated. Journal: Review of Social Economy Pages: 225-245 Issue: 2 Volume: 81 Year: 2023 Month: 04 X-DOI: 10.1080/00346764.2020.1829017 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1829017 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:2:p:225-245 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1878260_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Kirsten Madden Author-X-Name-First: Kirsten Author-X-Name-Last: Madden Author-Name: Nicholas Armstrong Author-X-Name-First: Nicholas Author-X-Name-Last: Armstrong Title: Designing a virtuous political economy: an adaptation of Unto This Last emphasizing individual conscience and self determination Abstract: Flourishing life being the objective, John Ruskin’s Unto This Last (1866) posits that the implementation of virtue in political economy also reduces inequality and power-over structures of single individuals over multitudes, generates superior product quality and nurtures the ecological system. This essay re-introduces the primary directive of Unto This Last: to design an economics based in virtue. Adopting the virtues of higher order justice, affection, integrity, and ‘sense and firmness,’ this essay replaces Ruskin’s penchant for authoritarian paternalism with responsiveness to individual conscience and respect for self determination. Practical insight into a virtuous political economy includes explicit descriptions of virtuous economic behavior. This virtuous political economy makes explicit assumptions, adopts key definitions, expands on institutions, and reiterates implications. Journal: Review of Social Economy Pages: 304-333 Issue: 2 Volume: 81 Year: 2023 Month: 04 X-DOI: 10.1080/00346764.2021.1878260 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1878260 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:2:p:304-333 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1870710_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Ana Carolina Cordilha Author-X-Name-First: Ana Carolina Author-X-Name-Last: Cordilha Title: Public health systems in the age of financialization: lessons from the French case Abstract: Public Health Systems (PHS) are under continuous transformation in line with economic, political, and ideological changes in capitalist economies. The current stage of capitalism is underpinned by the process of financialization, meaning an increasing dominance of financial actors, markets, practices, measurements, and narratives over other agents, including the State. This article examines how financialization has been reshaping PHS, with an in-depth study of the French case. First, we suggest how to incorporate the concept of financialization into the research on PHS transformation. We then apply this concept to reassess the trajectory of the French system from the 1990s onwards. We show the increasing participation of financial capital for long-term, short-term, and infrastructure financing, occupying roles previously fulfilled by the public sector. We then discuss how the adoption of financialized strategies led to shifts in how public actors behave, and the potentially adverse effects for solidarity, stability, and democratic participation. Journal: Review of Social Economy Pages: 246-273 Issue: 2 Volume: 81 Year: 2023 Month: 04 X-DOI: 10.1080/00346764.2020.1870710 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1870710 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:2:p:246-273 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1828612_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Yannick Rumpala Author-X-Name-First: Yannick Author-X-Name-Last: Rumpala Title: The dynamics and conditions of material forms of ‘commons-based peer production’. Towards a reappropriation of living conditions? Abstract: This article focuses on ‘commons-based peer production’, in particular the way it operates and its potential for material contributions to human activities. The aim is to understand the practices and bases that make it possible, and to better understand which resources are made accessible. This type of production can be an alternative route to collective achievements and an innovative way to meet the needs of a community. From this perspective, two contrasting fields of experimentation are examined: one focused on digital manufacturing and the development of 3D printer projects (such as RepRap), and the other on small-scale food production (the Incredible Edible Network). The analysis begins by clarifying the conceptual framework. Then, the two types of experiments are studied with regard to their genesis, their mode of operation and their output. Finally, the scope of this model is discussed by linking these experiments to the conditions on which they depend. Journal: Review of Social Economy Pages: 196-224 Issue: 2 Volume: 81 Year: 2023 Month: 04 X-DOI: 10.1080/00346764.2020.1828612 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1828612 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:2:p:196-224 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1874498_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Theodore Koutsobinas Author-X-Name-First: Theodore Author-X-Name-Last: Koutsobinas Title: Attribute substitution, earlier-generation economic approaches and behavioural economics Abstract: The present paper examines attribute substitution in terms of both heuristics and attribution theory in social psychology. Alternative ‘old’ approaches in psychology were special because they considered choice in terms that were similar to attributional inference in social psychology and anticipated limitations of the static heuristics and biases approach. Attribute substitution plays an important role in reflective reasoning as an independent entity relative to rationality and produces good decisions, even those are sub-optimal and may be influenced by primitive processes such as intuition and habits. The attribute-substitution research enhances our understanding of intense shifts in economic expectations. It makes possible the conceptual incorporation of substantive theoretical constructions, which are inherent in psychological propensities of alternative, and mainly, heterodox approaches in economics such as Post Keynesian, Institutional and Austrian economics. This research agenda paves the way for possible forms of synthesis of those theories with behavioural economics. Journal: Review of Social Economy Pages: 274-303 Issue: 2 Volume: 81 Year: 2023 Month: 04 X-DOI: 10.1080/00346764.2021.1874498 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1874498 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:2:p:274-303 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1787494_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Asimina Christoforou Author-X-Name-First: Asimina Author-X-Name-Last: Christoforou Title: ‘Give me your watch and I will tell you the time’: crisis and austerity in the European Union from a Bourdieusian perspective Abstract: We investigate crisis and austerity in the context of the European Union (EU) by appealing to the work of Pierre Bourdieu. Evidence suggests that after the recent US and Eurozone economic crises, fiscal consolidation intensified the deterioration of socio-economic conditions in Europe. We turn to analyses versed in the Bourdieusian tradition to explain crises and austerity in relation to the domination of the financial field and the ascendancy of neoliberal policies, processes of symbolic violence and misrecognition, and struggles for symbolic power. We then apply this framework to assess the EU economic governance system and the rhetoric imposed on Member States and social partners to justify austerity. Finally, we discuss ways to confront these conditions by presenting Bourdieu’s conception of the ‘collective intellectual’, who collaborates with other social groups in order to uncover the power relations and inequalities generated by neoliberal policies and to promote alternative economic policies for social welfare. Journal: Review of Social Economy Pages: 173-195 Issue: 2 Volume: 81 Year: 2023 Month: 04 X-DOI: 10.1080/00346764.2020.1787494 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1787494 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:2:p:173-195 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2240777_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Amitava Krishna Dutt Author-X-Name-First: Amitava Krishna Author-X-Name-Last: Dutt Title: Uncertainty and economic futures in the public sphere: an introduction Journal: Review of Social Economy Pages: 335-341 Issue: 3 Volume: 81 Year: 2023 Month: 07 X-DOI: 10.1080/00346764.2023.2240777 File-URL: http://hdl.handle.net/10.1080/00346764.2023.2240777 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:3:p:335-341 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1881150_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Oscar Garza-Vázquez Author-X-Name-First: Oscar Author-X-Name-Last: Garza-Vázquez Title: Why expanding capabilities does not necessarily imply reducing injustice: an assessment of Amartya Sen’s Idea of Justice in the context of Mexico’s Oportunidades/Prospera Abstract: The idea that discussions about justice ought to offer practical political guidance has gained force in recent years. In this context, Sen's Idea of Justice (2009) aims at fulfilling this role. I assess to what extent Sen's comparative approach to justice succeeds in providing a useful conceptual framework to reduce injustice in practice, as it claims. Using the context of poverty in Mexico, and the social programme Oportunidades/Prospera as illustration, I argue that Sen's approach remains insufficient to guide injustice-reduction actions effectively. First, I note that despite enhancing individual's capabilities, these social improvements have not translated into a more just social reality overall. Second, I associate these shortcomings to the failure of capability-enhancing policies in accounting for the relational reproduction of injustice. Therefore, I conclude that to reduce injustice, we need to broaden the scope of injustice-reduction policies to address the ways in which injustice is reproduced through social interactions. Journal: Review of Social Economy Pages: 442-468 Issue: 3 Volume: 81 Year: 2023 Month: 07 X-DOI: 10.1080/00346764.2021.1881150 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1881150 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:3:p:442-468 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1912381_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Ewan MacDonald Author-X-Name-First: Ewan Author-X-Name-Last: MacDonald Author-Name: Brendan K. O’Rourke Author-X-Name-First: Brendan K. Author-X-Name-Last: O’Rourke Author-Name: John Hogan Author-X-Name-First: John Author-X-Name-Last: Hogan Title: Imagining the future in Irish budgets 1970–2015: a mixed-methods discourse analysis Abstract: Annual budgets are key to constituting and governing imagined futures. This paper examines how the signifier ‘future’ is constructed within the Irish budget speeches delivered by finance ministers to parliament between 1970 and 2015. To investigate the discourses of these budget speeches, we employ post-structural discourse theory operationalised through two methods: close reading and corpus-linguistic analysis. Close reading is used to identify the discourses employed and how meanings of signifiers were partially fixed at different moments. This was further examined using corpus-linguistics, specifically a collocate analysis of the word ‘future’, allowing further close examination of such collocates in context. Thus, the paper offers a unique insight into the discursive structuring of ‘future’ in Irish budget speeches over 45 years, highlights the changing structure of the budgetary discourse, periodising these changes, and shows how economic imaginaries of the ‘future’ are produced and reproduced. Journal: Review of Social Economy Pages: 363-386 Issue: 3 Volume: 81 Year: 2023 Month: 07 X-DOI: 10.1080/00346764.2021.1912381 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1912381 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:3:p:363-386 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1975807_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Ekaterina Svetlova Author-X-Name-First: Ekaterina Author-X-Name-Last: Svetlova Title: Corporate risk reporting about Brexit as political communication Abstract: How can we account for differences in the extent of risk disclosure among companies? The paper expands the existing explanations by claiming that corporate risk reporting is not just financial but also political communication. The presented empirical analysis of how corporations disclose Brexit-related uncertainties suggests that risk reporting is a part of a company’s holistic conversation with multiple audiences in society (e.g. politicians, regulators, journalists and customers) and might have well-targeted but also unforeseen effects on each of them. The quantity and quality of risk disclosure can be explained – among other factors – by the extent to which companies want to participate in public discourse and wish their opinions on a particular political issue, such as Brexit, to be heard. In other words, risk reporting is a part of ‘the politics of expectations’ which should be investigated in its own right. Journal: Review of Social Economy Pages: 417-441 Issue: 3 Volume: 81 Year: 2023 Month: 07 X-DOI: 10.1080/00346764.2021.1975807 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1975807 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:3:p:417-441 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1890194_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Ansel Schiavone Author-X-Name-First: Ansel Author-X-Name-Last: Schiavone Title: Essentially unemployed: potential implications of the COVID-19 crisis and fiscal response on income inequality Abstract: I analyze the impact of the CARES Act unemployment subsidy on US income and inequality in the first month of the COVID-19 crisis using March-April Current Population Survey data. I then use monthly industry unemployment data to extend this panel to July. Next, I estimate the impact of the expiration of the CARES Act subsidy on average income and inequality. Finally, I extend the panel to November to simulate the effects of proposed HEALS and HEROES Acts. I find the CARES Act subsidy was effective at increasing average income above pre-crisis levels and reducing inequality. The expiration of the CARES Act subsidy caused a decrease in average income and increase in inequality relative to pre-crisis levels. I find the proposed HEALS legislation will return inequality to near pre-crisis levels, while the proposed HEROES Act will result in higher income and lower inequality than existed before the crisis. Journal: Review of Social Economy Pages: 469-492 Issue: 3 Volume: 81 Year: 2023 Month: 07 X-DOI: 10.1080/00346764.2021.1890194 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1890194 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:3:p:469-492 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1857822_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Simone Polillo Author-X-Name-First: Simone Author-X-Name-Last: Polillo Title: Crisis, reputation, and the politics of expertise: fictional performativity at the Bank of Italy Abstract: Since the early twentieth century, scholarly interest in the intersection between knowledge and political rationality in advanced liberal democracies has drawn attention to two general and contradictory processes: first, the rise of technocracy, and of the institutions, and experts, who use technical knowledge as a lever of power; second, the democratization of expertise – the emergence of lay audiences as stake-holders and competent participants in technical and scientific decisions and debates. In this paper, I analyze the annual reports on the Italian economy written by the Bank of Italy between 1960 and 1984, and trace the debate they spurred in three national newspaper outlets. I detail the emergence of public expertise on the economy, as well as the emergence of crisis and reputation management as techniques for the Bank to bolster its authority. I argue that the Bank of Italy, by framing the present as an exception, achieved a form of performativity that I call fictional. Journal: Review of Social Economy Pages: 342-362 Issue: 3 Volume: 81 Year: 2023 Month: 07 X-DOI: 10.1080/00346764.2020.1857822 File-URL: http://hdl.handle.net/10.1080/00346764.2020.1857822 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:3:p:342-362 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1901139_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Trond Løyning Author-X-Name-First: Trond Author-X-Name-Last: Løyning Title: Regulating for gender equality in business: the law on gender quotas and the network of interlocking directorates in Norway, 2008–2016 Abstract: This article analyses effects of the law of gender quotas for company boards in Norway on the network of interlocking directorates in the period 2008–2016. It is argued that these networks are important regarding gender equality and diversity. Analysis of the regulated corporations (Public Limited Companies – PLCs) shows that female directors get and keep central positions in the networks during this period. Exploring possible impact on networks among non-regulated Private Limited Companies (Ltds) shows no similar effects. Thus, although the justification for the law is general, there are no notable spillover effects. However, women are central in the overall network (based on both PLCs and Ltds), since most of the network ties are among PLCs. Thus, the quota law seems effective in challenging the male-dominated networks in business, but several caveats to such a conclusion are discussed. Journal: Review of Social Economy Pages: 493-519 Issue: 3 Volume: 81 Year: 2023 Month: 07 X-DOI: 10.1080/00346764.2021.1901139 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1901139 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:3:p:493-519 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1943754_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: André Vereta-Nahoum Author-X-Name-First: André Author-X-Name-Last: Vereta-Nahoum Title: Prescribing and avoiding remedies: how industrial associations advanced futures out of the Brazilian recession (2014–2016) Abstract: This article comparatively analyzes the participation of two industrial associations in the politics of signification of the recent Brazilian recession (2014–2016), highlighting the frames they use to define the relevant problem and advance necessary remedies, and the artifacts they deploy to make such frames plausible and elicit support for their claims. In this sense, it contributes to recent debates about the social construction of futures, offering a processual framework to analyze future making by organized business interests in times of a crisis. It emphasizes the peculiarity of (1) crises, as moments in which the present is uncertain and subject to a politics of signification, dependent on the ability of actors to develop framing narratives and deploy artifacts of persuasion to create resonance and public support (2) and of remedies, prescribed futures based on the definition of a problematic situation that may rely on simple takeaway objects. Journal: Review of Social Economy Pages: 387-416 Issue: 3 Volume: 81 Year: 2023 Month: 07 X-DOI: 10.1080/00346764.2021.1943754 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1943754 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:3:p:387-416 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1942181_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Adam Walke Author-X-Name-First: Adam Author-X-Name-Last: Walke Title: De-unionization and the wages of essential workers Abstract: A definition of essential industries based on recent federal government guidelines is used to trace out the trajectory of wages for essential and nonessential sectors over time in the United States. This retrospective approach is justified by the fact that the included industries provide goods and services that are essential to health and safety whether or not emergency conditions exist. Union density has been consistently higher in essential industries, but the percentage of nonunionized workers has also increased more rapidly in those industries. The data show that real wages in essential industries have declined relative to nonessential industries since 1983 and that essential industries have consistently had lower levels of wage inequality than their nonessential counterparts. Regression analyses suggest that uneven de-unionization can explain part of the decline in relative wages. Furthermore, higher rates of union coverage in essential industries likely contribute to their comparatively low levels of wage inequality. Journal: Review of Social Economy Pages: 644-671 Issue: 4 Volume: 81 Year: 2023 Month: 10 X-DOI: 10.1080/00346764.2021.1942181 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1942181 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:4:p:644-671 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1950820_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Carlos Alberto Duque Garcia Author-X-Name-First: Carlos Alberto Author-X-Name-Last: Duque Garcia Title: Unpaid housework and super-exploitation of labor: a suggested model and empirical evidence from Mexico and Colombia Abstract: The objective of this paper is to suggest a mathematical model of unpaid housework and empirically test its main predictions using data from Mexico (2014) and Colombia (2017) time-use surveys. The model, based upon the Marxist-feminist approach, suggests that the magnitude of unpaid housework is determined by the super-exploitation of labor, i.e. the gap between wages and the value of labor-power. The outcome is an equation that relates positively the magnitude of unpaid housework with the super-exploitation of labor. The parametric and nonparametric regression estimates applied in both countries show preliminary empirical support for the theoretical model. The theoretical and empirical findings have several implications for Marxist-feminist literature as well as for empirical research on unpaid housework. Journal: Review of Social Economy Pages: 549-573 Issue: 4 Volume: 81 Year: 2023 Month: 10 X-DOI: 10.1080/00346764.2021.1950820 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1950820 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:4:p:549-573 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1957141_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Malte F. Dold Author-X-Name-First: Malte F. Author-X-Name-Last: Dold Author-Name: Matías Petersen Author-X-Name-First: Matías Author-X-Name-Last: Petersen Title: Stability of the liberal order, moral learning, and constitutional choice: an unresolved tension in James Buchanan’s political economy Abstract: Buchanan mentions at several points in his oeuvre the necessary role for a constitutional attitude. This attitude is both explanatory and evaluative; it explains why citizens value liberty but also highlights one of the necessary conditions for the stability of a free society. We argue that Buchanan’s idea of a ‘constitutional attitude’ is extremely relevant, though underdeveloped. Firstly, it remains an open question what exactly a constitutional attitude means in practice and it is unclear what kind of institutions would foster it. Secondly, we believe that the success of his constitutional political economy project depends on some account of moral learning. Although Buchanan stresses the individual aspect of the process of self-constitution, he doesn’t take sufficient account of how the institutional environment and our social relationships structure this process. We discuss to what extent a broadly neo-Aristotelian account of moral learning can provide a more robust foundation for Buchanan’s ideas. Journal: Review of Social Economy Pages: 672-698 Issue: 4 Volume: 81 Year: 2023 Month: 10 X-DOI: 10.1080/00346764.2021.1957141 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1957141 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:4:p:672-698 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1985599_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Mathieu Juliot Mpabe Bodjongo Author-X-Name-First: Mathieu Juliot Author-X-Name-Last: Mpabe Bodjongo Title: Internet access, beliefs about HIV transmission and HIV–AIDS testing among women in Cameroon Abstract: This study highlights the influence of Internet access and beliefs about HIV transmission on HIV–AIDS testing among women in Cameroon. The analysis covers a sample of 5958 women, from the Multiple Indicator Cluster Survey (MICS 5) of Cameroon (NIS [2015]. Enquête par grappes à indicateurs multiples (MICS5), 2014, Base de données). The econometric results reveal that the probability of having high access to the internet positively influences the likelihood of getting tested for HIV–AIDS. In addition, established beliefs about AIDS can encourage women to get tested for HIV–AIDS. Also, women who are poor are the most likely to be tested for HIV–AIDS. Journal: Review of Social Economy Pages: 574-600 Issue: 4 Volume: 81 Year: 2023 Month: 10 X-DOI: 10.1080/00346764.2021.1985599 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1985599 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:4:p:574-600 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1914342_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Harvey S. James Author-X-Name-First: Harvey S. Author-X-Name-Last: James Title: Is the Platinum Rule credible? An examination of other-regarding perceptions and attitudes toward unethical behavior Abstract: This paper uses data for 53 countries from the World Values Survey in a multilevel regression analysis that seeks to disentangle individual, institutional and other-regarding factors affecting ethical decision-making. The dependent variable is an index of how intolerant people are of unethical conduct. The explanatory variables indicate the perceived trustworthiness and fairness of others. Controls include variables for individual and institutional factors. Findings are that perceptions of trustworthiness in people unknown to them and perceptions of fairness in others correlate with a greater tolerance of unethical behavior, especially in countries with moderate levels of institutional quality. High institutional quality moderates the negative relationship between perceptions and ethical attitudes. The findings confirm the relevance of other-regarding factors and reinforce the importance of quality institutions in supporting ethical decision-making. Journal: Review of Social Economy Pages: 601-621 Issue: 4 Volume: 81 Year: 2023 Month: 10 X-DOI: 10.1080/00346764.2021.1914342 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1914342 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:4:p:601-621 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1939120_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Tamgid Ahmed Chowdhury Author-X-Name-First: Tamgid Ahmed Author-X-Name-Last: Chowdhury Title: Capability listing and functioning achievements of indigenous people of a developing country: testing the moderating effect of the use of ICT Abstract: There is a gap in the existing literature in exploring comprehensive capability needs and degree of functioning achievements of indigenous people living in developing nations. This study offers a nine-dimensional 43-item statistically valid, and reliable model that captures capability and functioning achievement indicators as perceived by the indigenous people of Bangladesh. Also, the paper investigates the extent to which the impacts of capability dimensions on functioning achievements change concerning the degree of use of Information and Communications Technology (ICT) by the indigenous community. The methodology of the study is based on 1741 primary data collected by way of a survey and analyzed through Structural Equation Modeling. Results revealed that effects of seven out of eight capability dimensions on functioning achievements had improved significantly due to the higher use of ICT. The study also revealed that frequent use of ICT could reduce the degree of vulnerability among the indigenous poor. Journal: Review of Social Economy Pages: 521-548 Issue: 4 Volume: 81 Year: 2023 Month: 10 X-DOI: 10.1080/00346764.2021.1939120 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1939120 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:4:p:521-548 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1917646_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20230119T200553 git hash: 724830af20 Author-Name: Manuel Ahedo Author-X-Name-First: Manuel Author-X-Name-Last: Ahedo Author-Name: Joris Hoekstra Author-X-Name-First: Joris Author-X-Name-Last: Hoekstra Author-Name: Aitziber Etxezarreta Author-X-Name-First: Aitziber Author-X-Name-Last: Etxezarreta Title: Socially oriented cooperative housing as alternative to housing speculation. Public policies and societal dynamics in Denmark, the Netherlands and Spain Abstract: National housing systems increasingly combine three main types of housing: the private property sector (home ownership and private rental), social and public rental (public and non-profit sectors) and cooperative (social or civil economy). The dominant private type has facilitated housing speculation, which in many countries has become a critical source of economic inequality and instability. The cooperative housing type can be a viable alternative with a socio-spatial cohesion effect. This article compares the phenomena of socially oriented cooperative housing in three European countries (Denmark, The Netherlands and Spain). The analytical focus is on the public policies and regulations, and the societal and collective action factors that foster the development of housing cooperatives. The three cases present different institutional settings and ways to develop a socially oriented cooperative housing sector. The research findings contribute to mutual learning processes in searching alternatives to the commercial and very expensive private urban housing provision. Journal: Review of Social Economy Pages: 622-643 Issue: 4 Volume: 81 Year: 2023 Month: 10 X-DOI: 10.1080/00346764.2021.1917646 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1917646 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:81:y:2023:i:4:p:622-643 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1957994_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Frank Crowley Author-X-Name-First: Frank Author-X-Name-Last: Crowley Author-Name: Edel Walsh Author-X-Name-First: Edel Author-X-Name-Last: Walsh Title: Tolerance, social capital, and life satisfaction: a multilevel model from transition countries in the European Union Abstract: Tolerance of others on grounds of race, ethnicity, nationality, religion and sexuality is an important component of social capital but has received scant attention in the social capital well-being literature. We examine the components of social capital and their relationship with life satisfaction using data from the Life in Transition Survey in European Union transition countries. A principal component factor analysis identifies three distinct and independent social capital components: tolerance, ties, and trust. Using a multilevel modelling approach, we estimate the relation between these components and life satisfaction, whilst controlling for individual and area effects. Tolerance, ties (networks) and trust are positively associated with life satisfaction. Journal: Review of Social Economy Pages: 23-50 Issue: 1 Volume: 82 Year: 2024 Month: 01 X-DOI: 10.1080/00346764.2021.1957994 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1957994 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:82:y:2024:i:1:p:23-50 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2310832_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Anselm Schneider Author-X-Name-First: Anselm Author-X-Name-Last: Schneider Title: Aligning corporate behaviour with the public good: a commentary on Bennett and Claassen Journal: Review of Social Economy Pages: 176-180 Issue: 1 Volume: 82 Year: 2024 Month: 01 X-DOI: 10.1080/00346764.2024.2310832 File-URL: http://hdl.handle.net/10.1080/00346764.2024.2310832 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:82:y:2024:i:1:p:176-180 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2076150_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Klaus Kraemer Author-X-Name-First: Klaus Author-X-Name-Last: Kraemer Author-Name: Luka Jakelja Author-X-Name-First: Luka Author-X-Name-Last: Jakelja Author-Name: Florian Brugger Author-X-Name-First: Florian Author-X-Name-Last: Brugger Author-Name: Sebastian Nessel Author-X-Name-First: Sebastian Author-X-Name-Last: Nessel Title: The social ambiguity of money: empirical evidence on the multiple usability of money in social life Abstract: In regard to the purpose of money use, economic theory provides a functionalist answer, while a dominant sociological view focuses on culture. However, Simmel noted the paradoxical nature of money in this respect. Money brings together both quantity and quality; therefore, it simultaneously has different potentialities for its usage. We conducted an exploratory factor analysis by using a representative sample (n = 2000) of the population in Austria to explore the potentialities of money usage. We found seven factors: freedom, community, status, institutional control, conflict, work-related control and household control. A discussion of the factors reveals the simultaneous, ambiguous existence of the qualitative and quantitative potentialities of the usage of money. We conclude that the ambiguity of money can only be described in all its contradictoriness by distinguishing between the concrete earmarking money for specific social purposes (Zelizer) and the potentially unspecific, open usability for alternative concrete or fictional purposes (Simmel). Journal: Review of Social Economy Pages: 98-125 Issue: 1 Volume: 82 Year: 2024 Month: 01 X-DOI: 10.1080/00346764.2022.2076150 File-URL: http://hdl.handle.net/10.1080/00346764.2022.2076150 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:82:y:2024:i:1:p:98-125 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1940255_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Michael Delucchi Author-X-Name-First: Michael Author-X-Name-Last: Delucchi Author-Name: Richard B. Dadzie Author-X-Name-First: Richard B. Author-X-Name-Last: Dadzie Author-Name: Erik Dean Author-X-Name-First: Erik Author-X-Name-Last: Dean Author-Name: Xuan Pham Author-X-Name-First: Xuan Author-X-Name-Last: Pham Title: What’s that smell? Bullshit jobs in higher education Abstract: This study examines the growth of administrative and non-academic staff positions in the United States higher education sector through the twentieth and twenty-first centuries. We first document the growth of these employments relative to increases in faculty positions and student enrollments, as well as common explanations therefor. Finding those explanations wanting, we proceed to synthesize the work of David Graeber, Benjamin Ginsberg, Roberto Michels, and Thorstein Veblen, developing an alternative explanation that focuses on the bureaucratic tendencies of large organizations and the business principles that have underwritten college and university management for more than a century. Next, using Graeber’s typology of bullshit jobs as applied to higher education we generate testable hypotheses related to our explanation. We then conduct our empirical analysis of the incidence of bullshit jobs in higher education. Finally, we summarize and discuss our findings and conclude with suggested topics for future research. Journal: Review of Social Economy Pages: 1-22 Issue: 1 Volume: 82 Year: 2024 Month: 01 X-DOI: 10.1080/00346764.2021.1940255 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1940255 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:82:y:2024:i:1:p:1-22 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2019822_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Carolina Dalla Chiesa Author-X-Name-First: Carolina Dalla Author-X-Name-Last: Chiesa Author-Name: Erwin Dekker Author-X-Name-First: Erwin Author-X-Name-Last: Dekker Title: Communicating identity: how the symbolic meaning of goods creates different market types Abstract: This paper argues that the different symbolic meanings of goods give rise to three institutionally different market types. We start from the realization that consumption has symbolic meaning, which individuals use to communicate and construct their identity to their social networks. We argue that firm behavior (including size, pricing and marketing strategies) must be congruent with the symbolic meaning of goods. We distinguish between two stylized meanings of goods, status and taste, which we derive from the socio-anthropological literature on consumption. We argue that these different meanings, articulated by consumers to communicate their identity, give rise to three ideal-typical market types. We present the institutional differences between these market types as well as the implications for firm behavior and demonstrate how firm behavior and marketing strategies differs significantly from markets in which the symbolic meaning of goods is relatively unimportant. We use the recent transformation of the beer market by the craft-beer producers, to illustrate our theory. Journal: Review of Social Economy Pages: 76-97 Issue: 1 Volume: 82 Year: 2024 Month: 01 X-DOI: 10.1080/00346764.2021.2019822 File-URL: http://hdl.handle.net/10.1080/00346764.2021.2019822 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:82:y:2024:i:1:p:76-97 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1964586_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Jennifer C. Olmsted Author-X-Name-First: Jennifer C. Author-X-Name-Last: Olmsted Title: Care labor, intergenerational equity, and (social) sustainability Abstract: Of the three sustainability (social, environmental and economic) pillars, the social one is the least developed. The 2020/2021 COVID-19 pandemic has highlighted why assuring social sustainability requires examining the central role care labor plays in intergenerational sustainability, with attention to the potentially conflicting rights of caregivers and care receivers, as well as to gender, geographic, age, class and other inequalities. A system that focuses on recognition, reduction, redistribution, reinforcement and reward (5 Rs) is needed to further gender equality and assure that care labor receives adequate policy support. Recognition or naming the problem, efforts to reduce drudgery, redistribution of care within the family and beyond, as well as two forms of support to care givers – reinforcement and reward make up the 5 Rs. Focusing on 5Rs can also help prioritize when social, environmental and economic goals conflict. Journal: Review of Social Economy Pages: 51-75 Issue: 1 Volume: 82 Year: 2024 Month: 01 X-DOI: 10.1080/00346764.2021.1964586 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1964586 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:82:y:2024:i:1:p:51-75 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2285266_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Michael Bennett Author-X-Name-First: Michael Author-X-Name-Last: Bennett Author-Name: Rutger Claassen Author-X-Name-First: Rutger Author-X-Name-Last: Claassen Title: The corporate social assessment: making public purpose pay Abstract: Corporations can be powerful engines of economic prosperity, but also for the public good more broadly conceived. But they need to be properly incentivized to fulfil these missions. We propose an innovative plan called the Corporate Social Assessment (CSA). Every four years, a randomly selected Citizens’ Assembly will meet to decide a grading scheme for assessing companies’ conduct. At the end of the cycle, a professional assessment body will grade the companies and rank them. The ranking will be the basis for subsidies to higher-tier companies, to be paid out of a fund to which all companies will contribute, to create a race to the top which financially rewards corporations taking public concerns seriously. The CSA radicalizes the corporate license to operate. To retain legitimacy in the eyes of wider segments of society, the proposal aims to democratize the way we hold corporations accountable for the power they wield. Journal: Review of Social Economy Pages: 147-175 Issue: 1 Volume: 82 Year: 2024 Month: 01 X-DOI: 10.1080/00346764.2023.2285266 File-URL: http://hdl.handle.net/10.1080/00346764.2023.2285266 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:82:y:2024:i:1:p:147-175 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2099006_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20231214T103247 git hash: d7a2cb0857 Author-Name: Alan Shipman Author-X-Name-First: Alan Author-X-Name-Last: Shipman Author-Name: Ann Vogel Author-X-Name-First: Ann Author-X-Name-Last: Vogel Title: Streaming the festival: what is lost when cultural events go online Abstract: Cultural events and collections, as curated assemblies of artists and artwork attended by live audiences, are recognised as a large and growing source of added value in contemporary accounts of ‘creative’, ‘enrichment’ and ‘experience’ economies. We analyse these, and empirical festival studies, to assess the impact on cultural production when the COVID-19 pandemic forces events to cancel or move online. Contrasting the relative optimism of ‘enrichment’ (Boltanski & Esquerre 2020) with pre-pandemic developments, we argue ‘festivalisation’ is best understood as a defensive reaction to mediated alternatives. These increasingly offer experientially comparable, lower-cost substitutes for the premium-priced immersive performance on which cultural workers have come to rely, for creative ideas, skills and career openings as well as income. Online channels weaken the eventisation defence and curatorial quests for ‘singularity’, while remote participation limits audiences’ size and mode of engagement, risking permanent damage to vital components of cultural production and valorisation. Journal: Review of Social Economy Pages: 126-146 Issue: 1 Volume: 82 Year: 2024 Month: 01 X-DOI: 10.1080/00346764.2022.2099006 File-URL: http://hdl.handle.net/10.1080/00346764.2022.2099006 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:82:y:2024:i:1:p:126-146 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2345595_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a Author-Name: Leila Davis Author-X-Name-First: Leila Author-X-Name-Last: Davis Title: Financialization and the social economy Journal: Review of Social Economy Pages: 181-183 Issue: 2 Volume: 82 Year: 2024 Month: 04 X-DOI: 10.1080/00346764.2024.2345595 File-URL: http://hdl.handle.net/10.1080/00346764.2024.2345595 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:82:y:2024:i:2:p:181-183 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2237485_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a Author-Name: Lenore M. Palladino Author-X-Name-First: Lenore M. Author-X-Name-Last: Palladino Title: Establishing a public option for asset management in the United States Abstract: Asset managers – financial institutions like BlackRock, State Street, and Vanguard – manage trillions of dollars of US household financial assets, including public pension funds at the federal, state, and municipal level. The structural power of asset managers means they play a decisive role in corporate decision-making, while the conflicts of interest inherent in their business model and a short-term interpretation of their fiduciary duties means they do not serve the actual interests of their economic beneficiaries in a sustainable economy. I propose establishing a public asset manager in the United States to serve as the asset manager for public pension funds. This article situates this proposed institutional reform in the broader evolution of asset manager capitalism and explains how establishing a public asset manager is an institutional reform that would shift the financial system toward serving the actual interests of the people and social systems on which it depends. Journal: Review of Social Economy Pages: 241-260 Issue: 2 Volume: 82 Year: 2024 Month: 04 X-DOI: 10.1080/00346764.2023.2237485 File-URL: http://hdl.handle.net/10.1080/00346764.2023.2237485 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:82:y:2024:i:2:p:241-260 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2259362_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a Author-Name: Melanie G. Long Author-X-Name-First: Melanie G. Author-X-Name-Last: Long Author-Name: Steven Pressman Author-X-Name-First: Steven Author-X-Name-Last: Pressman Title: Postal banking and US cash transfer programs: a solution to insufficient financial infrastructure? Abstract: Direct cash transfers to households during the COVID-19 pandemic, including relief checks and Child Tax Credit payments, were delayed by weeks for recipients without bank accounts and were not received by many non-filers who lacked the time or resources to complete necessary paperwork. A postal banking system has the potential to expand access to financial infrastructure and enable the rapid distribution of resources to households in need during economic downturns – often the same households that are currently excluded from the financial system. This paper examines the history of the US Postal Savings System and the feasibility of a return to postal banking using evidence on the socioeconomic and spatial patterns of financial exclusion. We find that postal banks would be well positioned to compete with both alternative and conventional financial institutions, address issues with physical branch access, and improve outreach to vulnerable populations. Journal: Review of Social Economy Pages: 213-240 Issue: 2 Volume: 82 Year: 2024 Month: 04 X-DOI: 10.1080/00346764.2023.2259362 File-URL: http://hdl.handle.net/10.1080/00346764.2023.2259362 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:82:y:2024:i:2:p:213-240 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2270458_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a Author-Name: Sean H. Vanatta Author-X-Name-First: Sean H. Author-X-Name-Last: Vanatta Title: The financialization of US public pension funds, 1945–1974 Abstract: This article examines the transformation of public employee pension investment in the United States, from investing public funds in public infrastructure before the 1950s, to investing public funds in private securities in the years after. Three factors drove this change. First, motivated financial professionals convinced states to adopt the “prudent man rule,” a legal investment standard that emphasized professional management and maximum financial returns. Second, declining bond yields during World War II led public pension managers to reconceptualize the political goals of pension investment, from balancing retiree returns against low-cost public infrastructure, to maximizing employee benefits by achieving maximum returns in financial markets. Third, public officials hired private asset managers to undertake new investment strategies. These professionals then used their influence to pursue further pension liberalization. Ultimately, US financialization was not a break, but a continuous process through which government officials intentionally used financial markets to enhance public social provision. Journal: Review of Social Economy Pages: 261-293 Issue: 2 Volume: 82 Year: 2024 Month: 04 X-DOI: 10.1080/00346764.2023.2270458 File-URL: http://hdl.handle.net/10.1080/00346764.2023.2270458 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:82:y:2024:i:2:p:261-293 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2241431_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a Author-Name: Dania V. Francis Author-X-Name-First: Dania V. Author-X-Name-Last: Francis Author-Name: Christian E. Weller Author-X-Name-First: Christian E. Author-X-Name-Last: Weller Author-Name: Emek Karakilic Author-X-Name-First: Emek Author-X-Name-Last: Karakilic Author-Name: Maryam Salihu Author-X-Name-First: Maryam Author-X-Name-Last: Salihu Title: Racial differences in the relationship between the receipt of informal financial support and social insurance Abstract: In this paper, we examine the relationship between the reliance on informal financial support and social insurance programs such as unemployment insurance to meet financial hardships imposed during the economic downturn associated with COVID-19. We use the U.S. Census Bureau’s Household Pulse Survey to compare the likelihood of receiving informal financial support from family and friends for households that did or did not receive social insurance controlling for observable household characteristics. We pay special attention to differences by race/ethnicity and by homeownership – a proxy for wealth. Our results suggest that (1) some types of social insurance receipt are a weak substitute for informal financial support, (2) the substitution between informal financial support and social insurance receipt is stronger among White households than households of color, and (3) wealth is a more consistent buffer against financial hardship than social insurance receipt. Journal: Review of Social Economy Pages: 184-212 Issue: 2 Volume: 82 Year: 2024 Month: 04 X-DOI: 10.1080/00346764.2023.2241431 File-URL: http://hdl.handle.net/10.1080/00346764.2023.2241431 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:82:y:2024:i:2:p:184-212 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_1986634_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a Author-Name: Novice Patrick Bakehe Author-X-Name-First: Novice Patrick Author-X-Name-Last: Bakehe Title: Indoor air pollution and gender difference in respiratory health and schooling for children in Cameroon Abstract: Indoor air pollution (IAP) resulting from firewood used as cooking fuel is related to the respiratory problems and can lead to the reduction in human capital formation. Using data from the fourth Cameroonian survey of households carried out in 2014, we analyse if exposure to indoor air pollution resulting from the use of firewood provokes respiratory infections and if they have consequences on the education of children according to gender. Our results show that the use of firewood as the main fuel for cooking increases the risk of respiratory infection among girls (but not among boys) and these infections have a negative impact on education. Journal: Review of Social Economy Pages: 294-315 Issue: 2 Volume: 82 Year: 2024 Month: 04 X-DOI: 10.1080/00346764.2021.1986634 File-URL: http://hdl.handle.net/10.1080/00346764.2021.1986634 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:82:y:2024:i:2:p:294-315 Template-Type: ReDIF-Article 1.0 # input file: RRSE_A_2006765_J.xml processed with: repec_from_jats12.xsl darts-xml-transformations-20240209T083504 git hash: db97ba8e3a Author-Name: Bianchi Michele Author-X-Name-First: Bianchi Author-X-Name-Last: Michele Title: Italian Community Co-operatives: Structuration of Community Development Processes in Italy Abstract: Italy is famous worldwide for its co-operative sector, and this firm model has proven to be efficacious in redressing many social inequalities over the past two centuries. This paper aims to examine how local communities in diverse regions have adapted this traditional form to the contemporary trend of bottom-up community development processes. Furthermore, the paper compares the Italian initiatives with the international literature on community co-operatives and assesses to which extend similarities and differences are viewable. The qualitative analysis considers 7 co-operatives in various areas of Italy, and analyses result from 15 semi-structured interviews with managers. Findings show the intense work undertaken before the co-operatives’ registration, the negotiation of purposes and objectives with external partners, how founder groups have a key role in determining each firm’s approach to local development, and how further networks with external subjects are deeply influence the co-operatives’ work. Journal: Review of Social Economy Pages: 316-342 Issue: 2 Volume: 82 Year: 2024 Month: 04 X-DOI: 10.1080/00346764.2021.2006765 File-URL: http://hdl.handle.net/10.1080/00346764.2021.2006765 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:taf:rsocec:v:82:y:2024:i:2:p:316-342