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on History and Philosophy of Economics |
| By: | Pies, Ingo |
| Abstract: | Dieser Beitrag rezensiert den außerordentlich lesenswerten Sammelband, den Richard Sturn unter dem Titel 'Joseph Schumpeter und der Staat" in der Nomos-Reihe 'Staatsverständnisse" herausgegeben hat. Zugleich wird herausgearbeitet, dass die Schumpeter Rezeption vor einer groflen Herausforderung steht. Die besteht darin, dass Schumpeter in seinen Texten - vor allem in seinem Buch 'Kapitalismus, Sozialismus und Demokratie" - umfänglichen Gebrauch von Ironie gemacht hat, so dass nicht alle seine Aussagen wortwörtlich zum Nennwert genommen werden dürfen. Somit besteht die Notwendigkeit, dass die mittlerweile immense Gebirgslandschaft der Primär- und Sekundärliteratur, die zu Schumpeter verfügbar ist, von Grund auf neu kartiert werden muss. |
| Abstract: | This article reviews the extremely readable anthology published by Richard Sturn under the title 'Joseph Schumpeter and the State" in the Nomos series 'Understanding the State". At the same time, it is worked out that the reception of Schumpeter faces a great challenge. This consists in the fact that Schumpeter made extensive use of irony in his texts - especially in his book 'Capitalism, Socialism and Democracy" - so that not all of his statements should be taken literally at face value. Thus, there is a need to re-map from scratch the by now immense landscape of primary and secondary literature on Schumpeter. |
| Keywords: | Steuerstaat, Kapitalismus, Sozialismus, Demokratie, Ironie, Tax State, Capitalism, Socialism, Democracy, Irony |
| JEL: | B24 B25 B31 B52 B53 Z1 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:mlucee:307121 |
| By: | Jean-Sébastien Lenfant (PRISM, Université Paris 1 Panthéon-Sorbonne) |
| Abstract: | The purpose of this article is to provide a historical account of the contributions to judgment and decision making by four cognitive psychologists at the turn of the 1970s: Sarah Lichtenstein, Paul Slovic, Amos Tversky and Daniel Kahneman. Beyond the usual focus on Kahneman and Tversky's heuristics and biases approach, we uphold that historians of behavioral economics would gain from a broader and more balanced view of the contributions of these four psychologists to the theory of decision making. Together with the heuristics and biases approach, experiments on preference reversal and choice intransitivities represent a multifaceted criticism of standard theories of choice and decision against which the genesis of behavioral economics could be evaluated. |
| Keywords: | Lichtenstein (Sarah), Slovic (Paul), Tversky (Amos), Kahneman (Daniel), heuristics and biases, preference reversal, intransitivity, preferences, behavioral economics, conjoint measurement, judgment, expected utility theory, mathematical psychology, cognitivism, experiments |
| JEL: | B21 B29 D91 |
| Date: | 2024–12 |
| URL: | https://d.repec.org/n?u=RePEc:gre:wpaper:2024-31 |
| By: | Pies, Ingo |
| Abstract: | Die Tugendethik hat Schwierigkeiten, und sie macht Schwierigkeiten. Beides hängt zusammen. Die Tugendethik macht extern Schwierigkeiten, weil sie intern Schwierigkeiten hat. Sie ist dort manifest marktfeindlich, wo sie falsch denkt. Mehr noch: Die internen und dann auch die externen Schwierigkeiten der Tugendethik lassen sich durch eine robustere Situierung ihres Theorieprogramms beheben. Eine solche Situierung umfasst zwei Aspekte: der erste betrifft die zeitdiagnostische Verortung der Tugendethik, der zweite ihre theoriestrategische Selbstreflexion (und Selbstbescheidung). Eine Tugendethik, die dies beherzigt, könnte gemeinsam mit der Ordnungsethik daran arbeiten, dem Moralparadoxon der Moderne entgegenzuwirken. |
| Abstract: | Virtue ethics has difficulties, and it causes difficulties. These two problems are connected: Virtue ethics causes difficulties externally because it has difficulties internally. It is manifestly anti-market where it thinks wrongly. Furthermore, the internal and then also the external difficulties of virtue ethics can be solved by a more robust positioning of its theoretical program. Such a positioning comprises two aspects: the first concerns the time-diagnostic location of virtue ethics, the second its theory-strategic self-reflection (and self-limitation). A virtue ethics that takes this to heart could work together with order ethics to counter the moral paradox of modernity. |
| Keywords: | Entfremdung, Ordonomik, Individualethik, Tugendethik, Ordnungsethik, Mismatch, Moralparadoxon der Moderne, Alienation, Ordonomics, Individual Ethics, Virtue Ethics, Order Ethics, Moral Paradox of Modernity |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:mlucee:307126 |
| By: | Pies, Ingo |
| Abstract: | Dieser Artikel skizziert die empirischen Erkenntnisse der 2024 in Public Choice erschienenen Studie "When Goliath sells to David: explaining price gouging perceptions through power" von Johanna Jauernig, Matthias Uhl und Ingo Pies. Zudem wird herausgearbeitet, wie sich diese Erkenntnisse und ihre (wirtschafts-)politischen Implikationen in den Kontext des ordonomischen Forschungsprogramms einfügen: dass die Erforschung von folk economic und folk ethical beliefs im Rahmen empirischer Moralforschung dazu beitragen kann, das Moralparadoxon der Moderne besser in den Griff zu bekommen. |
| Abstract: | This article outlines the empirical findings of the study "When Goliath sells to David: explaining price gouging perceptions through power" by Johanna Jauernig, Matthias Uhl and Ingo Pies, which was published in Public Choice in 2024. In addition, it is worked out how these findings and their political implications fit into the context of the ordonomic research program: that the study of folk economic and folk ethical beliefs in the context of empirical moral research can contribute to a better grip on the moral paradox of modernity. |
| Keywords: | Preiswucher, Lohnwucher, Folk Economics, Folk Ethics, Moralparadoxon der Moderne, Price Gouging, Wage Gouging, Moral Paradoxof Modernity |
| JEL: | D19 D91 Y8 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:mlucee:307120 |
| By: | Camilo Garcia-Jimeno; Sahar Parsa |
| Abstract: | Through their writing, people often reflect their values. Since the 1970s, academic economists have gradually changed their third-person pronoun choices, from using the masculine form to incorporating feminine and plural forms. We document this transition empirically, and examine the role of social interactions among economists in driving the cultural change reflected in these choices. Our analysis relies on a model where writing style depends on the influence of academic peers, the implicit negotiation between co-authors, and individual authors’ preferences for expressing gender equality values in their writing. We directly measure peer influence relying on time-varying academic connections between economists, and propose a methodology that uses a homophily-based model of co-authoring decisions to isolate the effect of peer influence from unobserved personal preferences. The model allows us to decompose the observed changes in writing style over the last 50 years into generational shifts, the increasing prevalence of co-authorship in the profession, the increasing share of female economists, and peer influence. Generational changes and the growing share of women in the profession play a minor role. Early on, contrarian economists accelerated the pace of change in writing styles by moving away from their peers’ behavior. The large fraction of conformists and the overall homophily in co-authoring, in contrast, slowed the adoption of innovative writing styles by restricting economists’ exposure to peers with different gender-attitude signaling preferences. |
| Keywords: | Gender; Social norms; Social networks |
| JEL: | D71 D83 D85 J16 Z1 |
| Date: | 2024–11–12 |
| URL: | https://d.repec.org/n?u=RePEc:fip:fedhwp:99311 |
| By: | Vlados, Charis (Democritus University of Thrace, Department of Economics) |
| Abstract: | This study explores the evolving theoretical divide within the field of International Political Economy (IPE), focusing on the debate between the advocates of new globalization and critics from the anti-globalization perspective. By conducting an integrative review of the contemporary literature, we explore the foundational theories, core components, and primary theorists of both perspectives, aiming to understand their predictions for future global dynamics. The investigation reveals a polarization in theoretical orientation, reflecting divergent views on the implications of globalization. Through a critical analysis, the paper identifies the liberal international order and the respective contemporary neo-Marxist viewpoints as central to the debate, evaluating their critiques and contributions to understanding the new globalization’s trajectory. We suggest a synthesis of these perspectives, positing that the future of globalization—or “new globalization”—will be influenced by structural changes in global power dynamics, ongoing crises, and technological progress. This is encapsulated in the “evolutionary structural triptych” (EST) approach, which perceives the world economy as an evolutionary result of political, economic, and technological structures, which correspondingly reposition the objectives of stability, growth, and innovation in the new emerging era. In conclusion, we advocate for a balanced approach to globalization, emphasizing the need for policies that promote fairness, sustainability, and cooperation in the changing global environment. This leads to the re-introduction of an appealing concept for globalization’s future: a new, realistic, open, and innovative global liberalism. |
| Keywords: | international political economy; new globalization; anti-globalization; liberal international order; neo-Marxist perspectives; evolutionary structural triptych; socioeconomic development |
| JEL: | F60 |
| Date: | 2024–08–29 |
| URL: | https://d.repec.org/n?u=RePEc:ris:duthrp:2024_005 |
| By: | Pies, Ingo |
| Abstract: | Dieser Beitrag erläutert die Forschungsbeiträge, für die Daron Acemoglu, Simon Johnson und James A. Robinson im Jahr 2024 mit dem Nobel-Gedächtnispreis für Wirtschaftswissenschaften ausgezeichnet wurden. Gewürdigt werden erstens ihre empirischen Untersuchungen zur Unterscheidung zwischen inklusiven und extraktiven Institutionen mitsamt ihren Auswirkungen auf den wirtschaftlichen Wohlstand sowie zweitens ihr theoretischer Interpretationsrahmen für die polit-ökonomische Logik institutionellen Wandels. |
| Abstract: | This article discusses the research contributions for which Daron Acemoglu, Simon Johnson and James A. Robinson were awarded the Nobel Memorial Prize in Economic Sciences in 2024. This article honours, firstly, their empirical studies on the distinction between inclusive and extractive institutions and the according effects on economic prosperity, and secondly, their theoretical interpretative framework for the politico-economic logic of institutional change. |
| Keywords: | inklusive Institutionen, extraktive Institutionen, wirtschaftlicher Wohlstand, institutioneller Wandel, Persistenz, Demokratie, Rechtsstaat, Eigentumsrechte, inclusive institutions, extractive institutions, economic prosperity, institutional change, persistence, democracy, rule of law, property rights |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:mlucee:307125 |
| By: | Siegfried, Doreen; Scherp, Guido; Linek, Stephanie; Flieger, Elisabeth |
| Abstract: | This study examines Open Science practices among economic researchers at German universities and research institutions. A total of 314 scientists from different economic disciplines took part in an online survey to answer questions about their attitudes, applications, barriers, and incentives in relation to Open Science. The need for support in this area was also identified. The results show an increasing acceptance and implementation of Open Science methods, with significant differences between different types of institutions. The management of research data, the use of Open Access publications, and the integration of Open Data and codes into the publication process were identified as key aspects. The study provides a comprehensive insight into the current landscape and challenges of Open Science in economic research. |
| Keywords: | Open Science, Open Science practices, Open Access, Open Data, repoducibility, transparency, science |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:esrepo:307060 |
| By: | Alan S. Blinder (Princeton University) |
| Keywords: | Federal Open Market Committee |
| JEL: | E52 |
| Date: | 2024–10 |
| URL: | https://d.repec.org/n?u=RePEc:pri:cepsud:338 |
| By: | Stukach, Victor; Anikina, Nadezhda; Shumakova, Oksana |
| Abstract: | The paper pursues the goal: at a specific object of observation, the scientific school of the regional agrarian university, to consider the prospects in the context of responding to the challenges of the time, characterized by turbulence of world economic relations. Working hypothesis: based on measuring and assessing the potential of the scientific school, to identify the relevance of research, the state and priorities in the scientific support of the agrarian economy. Assets are completed scientific developments, publi-cations based on materials 38 defended dissertations, 49 monographs, 19 educational publications for the period of functioning of the school. Materials published in the pe-riod 2000-2023 in the library systems RePEc and the Russian National Electronic Li-brary Elibrary. The method of content analysis determined the demand for scientific products, the use of resources Publications that aroused the greatest interest among consumers of scientific products (readers) identified sensitive research for the agrari-an economy form the basis for planning scientific research. Topics of dissertation and final qualification works are formed in accordance with the priorities of the socioeco-nomic policy of the region and the scientific and pedagogical activities of the universi-ty. The significance of the research is that the methodology for analyzing the infor-mation of scientometric systems for assessing the potential of scientific schools, choos-ing promising areas of development is proposed and demonstrated. The work is ad-dressed to research and educational organizations, teachers and students of agricul-tural educational institutions, practitioners of the sphere of production, employees of public administration. |
| Keywords: | Key Points: Problems of Infrastructural Development of the Agro-Industrial Complex of the Siberian Region of Russia, Scientific School of Viktor Stukach, Answers to the Challenges of Time, Turbulence of World Economic Relations, Content Analysis of Research, Scientometric Parameters |
| JEL: | B4 D23 I2 I23 I25 O3 O4 Q1 |
| Date: | 2024–01 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:122368 |