Recently added articles from Journal of Economic Issues:
The 2008 Veblen-Commons Award recipient: Rick Tilman.(Brief article)
Jun 01, 2008 ... It is entirely appropriate for RICK TILMAN to receive AFEE's Veblen-Commons Award on the 150th anniversary of Veblen's birth. Rick is one of our generation's most important scholars on the work of Thorstein Veblen. He has gone beyond interpretation and reinterpretation of Veblen and ...
Institutional economics as social criticism and political philosophy: remarks upon receipt of the Veblen-Commons Award.(Column)
Jun 01, 2008; Tilman, Rick ... Preliminary Remarks I would like to thank the Association for Evolutionary Economics (AFEE) for the 2008 Veblen-Commons Award which you have just given me. I would also like to thank Dale Bush, Glen Atkinson, Bill Dugger and the Award Committee for their role in bestowing the ...
Purpose and measurement of national income and product.
Jun 01, 2008; Atkinson, Glen ... A careful examination of the construction of national income and product accounts provides remarkable insight into professional and popular thought about the operation of economic processes and activities. According to Simon Kuznets, the father of national income accounting in the United ...
Deducing principles of economics from ontological constraints on information.
Jun 01, 2008; Herrmann-Pillath, Carsten ... "For the tool-combination principle is indeed a law of progress." Clarence E. Ayres (1944, 119) The Problem: Are there Universal Principles of Knowledge Evolution? In the first half of the 20th century, institutional economists had proposed a specific ...
Elites and structural inertia in Latin America: an introductory note on the political economy of development.
Jun 01, 2008; Cimoli, Mario ... In the post-reform era, Latin America has reinforced its pattern of specialization in natural resources and standardized commodities and its growth rate has diverged from that of one of the most dynamic economies in recent years. Additionally, many experts and international organizations ...
Continuity and continuousness: the chain of ideas linking Peirce's synechism to Veblen's cumulative causation.
Jun 01, 2008; Hall, John ... This paper traces and also emphasizes strong connections between ideas regarding continuity and continuousness introduced into American philosophical thinking by Charles Sanders Peirce. Some decades after attending a seminar held by Peirce, Thorstein Bunde Veblen introduced these ideas ...
Circular Cumulative Causation (CCC) a la Myrdal and Kapp--Political Institutionalism for minimizing social costs.
Jun 01, 2008; Berger, Sebastian ... This paper reconstructs the CCC's original meaning, and methodology from the writings of Myrdal and Kapp to explore the unique characteristics of this key concept of institutional economics. Moreover, the paper demonstrates the CCC's application to minimize social costs via economic ...
Nicholas Kaldor and cumulative causation: public policy implications.
Jun 01, 2008; Pressman, Steven ... Kaldor and his Theory of Cumulative Causation Kaldor was born in Budapest, Hungary in 1908. In 1925, he went to the Humboldt University of Berlin to study political economy because of a fascination with the hyperinflation plaguing Germany at that time. In 1927, he left for Great ...
Principle of circular and cumulative causation: fusing Myrdalian and Kaldorian growth and development dynamics.
Jun 01, 2008; O'Hara, Phillip Anthony ... Circular and cumulative causation (CCC) has been a critical principle of political economy for over a hundred years. While the roots of the concept go back further (see Humphrey 1990; O'Hara 2000), Thorstein Veblen (1857-1929) utilized the concept in his examination of the evolution of ...
Circular and cumulative causation and the social fabric matrix.
Jun 01, 2008; Hayden, F. Gregory ... Scientists from many different fields of study independently derived common principles about systems that are usually referred to as general systems analysis (GSA), which can be applied for analysis with the social fabric matrix (SFM) (see Hayden 2006, 51-60 and 94-106). The ...
How Veblen generalized Darwinism.
Jun 01, 2008; Hodgson, Geoffrey M. ... Thorstein Veblen repeatedly proclaimed the need for a "post-Darwinian" economics. (1) However, the Darwinian aspect of Veblenian thinking was largely neglected, both by later commentators and by the tradition of American institutionalism that Veblen inspired (Hodgson 2003; 2004a). This ...
Eat grubs and live: the habit-instinct problem in Institutional Evolutionary Economics.
Jun 01, 2008; Poirot, Clifford S., Jr. ... There is significant debate among Institutional Evolutionary Economists as to whether, or how concepts that are used to explain the genetic evolution of species can be used to explain the evolution of humanly devised social institutions (Cordes 2007; Hodgson 2007; Jennings and Waller 1994; ...
Darwinian foundations for evolutionary economics.
Jun 01, 2008; Stoelhorst, J.W. ... The Revival of Veblen's Promise Thorstein Veblen's (1898) Why is Economics Not an Evolutionary Science has been described as a manifesto for evolutionary economics that holds a promise that is yet to be fulfilled (Rutherford 1998). In this paper, Veblen presented the ...
Globalization and the nation-state: dead or alive.
Jun 01, 2008; Brinkman, Richard L. ... There is a good deal of discussion in the globalization literature related to the question: "Is the Nation-State Finished?" (Holton 1998, 80-107; Ohmai 1995). Even as early as 1969 Charles Kindleberger stated that "[t]he nation state is just about through as an economic unit" (Kindleberger ...
"Did Yunus deserve the Nobel Peace Prize: microfinance or macrofarce?".(Muhammad Yunus)
Jun 01, 2008; Adams, John ... In October 2006, Muhammad Yunus, a Bangladeshi economist trained at Vanderbilt, won the Nobel Peace Prize, which was shared with the Grameen Bank, the microcredit facility he conceived and founded in 1976. Grameen's chief aims are to alleviate poverty among the poorest families and to ...
Institutional and ecological economics: the role of technology and institutions in economic development.
Jun 01, 2008; Greenwood, Daphne T. ... In this paper, we discuss parallel and competing ideas in ecological and institutional economics about economic growth and development by focusing on the roles that technology and institutions play in each of their approaches. Both are critical of mechanistic, deterministic models used in ...
Unemployment insurance reform: elements of a social provisioning approach.
Jun 01, 2008; Peterson, Janice ... Unemployment Insurance (UI) is one of the largest and most important social protection programs in the United States) Established as part of the New Deal with the primary purpose of partially replacing the earnings of workers who had become unemployed "through no fault of their own," UI ...
John R. Commons' contributions to Health Care Reform in the 21st Century.
Jun 01, 2008; Paschall, Stephen P. ... Health care in the United States continues to be in crisis. Reform programs ranging from market-driven solutions to universal coverage have been proposed. Almost 100 years ago, John R. Commons and his colleagues in the American Association for Labor Legislation (AALL) proposed a program of ...
A critical assessment of electricity and natural gas deregulation.
Jun 01, 2008; Trebing, Harry M. ... Electric and natural gas utilities are an integral part of a nation's infrastructure. When performing properly they constitute a platform that provides a necessary service for all sectors of society, thereby assuring conditions for economic growth and an improved quality of life. As ...
Economic regulation--the lights are still on: a view from the inside.
Jun 01, 2008; Haar, Burl ... In 2006, state utility regulators gathered, as they had regularly since 1995, at a Commissioners' Summit to discuss strategic issues. Several important issues were high-lighted. However, for the first time, defining the public interest was identified as a major challenge. Participants ...