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An Institutional Economist Goes to City Hall: A Sociological Study of the Legislative Process

Kemp, Thomas - In: Journal of Economic Issues 43 (2009) 2, pp. 449-456

The Instititutionalist tradition has a long and proud history of involvement with public policy. Reading the history of the Progressive Era one cannot help but be impressed with the degree of success economists of that era had in achieving their desired policy goals. Drawing upon the written...

Persistent link: https://www.econbiz.de/10005258379

Veblen, Myrdal, and the Convergence Hypothesis: Toward an Institutionalist Critique

Hall, John; Ludwig, Udo - In: Journal of Economic Issues 44 (2010) 4, pp. 943-962

An Institutionalist critique that draws from selected contributions of Veblen and Myrdal initiates a convergence debate. Challenged is a Neoclassical interpretation of economic processes expected to lead toward a catching up with respect to per capita output of Germany's poorer eastern region...

Persistent link: https://www.econbiz.de/10008742841

In Defense of System Dynamics: A Response to Professor Hayden

Radzicki, Michael J.; Tauheed, Linwood - In: Journal of Economic Issues 43 (2009) 4, pp. 1043-1061

In a 2006 paper, Professor Gregory Hayden argued that system dynamics is an inadequate tool for explaining the institutional systems principles of hierarchy, feedback and openness. The purpose of this paper is to show that many of Professor Hayden's claims are either misguided or incorrect. The...

Persistent link: https://www.econbiz.de/10008742855

The Natural Environment as Field-Level Actor: The Environment and the Pulp and Paper Industry in Maine

Bouvier, Rachel - In: Journal of Economic Issues 44 (2010) 3, pp. 717-735

This article conducts a field-level analysis of institutional change in the pulp and paper industry in the state of Maine over the past 30 years. Furthermore, it considers the natural environment as a field-level actor, which can focus and redirect attention and resources, serve as a constraint...

Persistent link: https://www.econbiz.de/10008742883

Notes and Communications: Between Absolutism and Relativism: The Economist's Search for a Middle Ground

Foshee, Andrew W.; Heath, Will C. - In: Journal of Economic Issues 44 (2010) 3, pp. 819-829

Clarence Ayres wished to avoid moral relativism or agnosticism in the social sciences, yet he also rejected what he called the âtranscendentalâ epistemology of classical philosophy, an epistemology grounded in the desire to know absolute or ultimate truths. He wanted to find a middle ground...

Persistent link: https://www.econbiz.de/10008742927

Labor Market Institutions and Skill Premiums: An Empirical Analysis on the UK, 1972-2002

Peng, Fei; Kang, Lili - In: Journal of Economic Issues 47 (2013) 4, pp. 959-982

This paper analyzes the links between labor market institutions and skill premiums in the UK. We focus on the effect of deunionization on rising skill premiums during the 1980s and 1990s. We find that the deunionization of unskilled workers can explain about 25 percent of the dramatic increase...

Persistent link: https://www.econbiz.de/10010721915

Claiming Choice for Institutional Economics

Costa, Ana Narciso; Caldas, José Castro - In: Journal of Economic Issues 45 (2011) 3, pp. 665-684

misconceptions. With the intention of contributing to the development of a theory of choice in institutionalism, it then deals with …

Persistent link: https://www.econbiz.de/10010755508

Quantifying Culture: Problems and Promises

Adkisson, Richard V. - In: Journal of Economic Issues 48 (2014) 1, pp. 89-108

Recently economists, even many in the mainstream, have come to acknowledge the influence of culture on the economic process. Some, like original institutionalists, have a thorough understanding of and appreciation for the richness of culture and are, therefore, suspicious of any attempt to...

Persistent link: https://www.econbiz.de/10010757245

The Optimal Level of Market Competition: Neoclassical and New Institutional Conclusions Critiqued and Reformulated

Kaufman, Bruce - In: Journal of Economic Issues 47 (2013) 3, pp. 639-672

This paper examines a fundamental issue in the theory of economic organization: the optimal level of market competition … conditions of market failure and organizational success. Given these problems in extant theory, this paper develops an … alternative institutional theory of economic organization, drawing principally on ideas of Walton Hamilton and John Commons. This …

Persistent link: https://www.econbiz.de/10010698378

Economic Freedom, Material Wellbeing, and the Good Capitalist Governance Index

Altman, Morris - In: Journal of Economic Issues 47 (2013) 1, pp. 247-268

This paper assesses the economic importance and the limits of using the Economic Freedom Index (EFI) to help explain and realize higher levels of per-capita income. Specifically, I elaborate on the need to disaggregate and place the EFI into a coherent and meaningful theoretical context in order...

Persistent link: https://www.econbiz.de/10010632938