The paper is motivated by sustained interest in the capabilities approach to welfare economics combined with the purported paucity of economic statistics that measure capabilities at the individual level. Specifically, it takes a focal account of normatively desirable capabilities constitutive...

This paper challenges the QALY maximizing approach to rationing health care on the grounds of the consequentialist (and sometimes approximately utilitarian) moral framework on which it is based. An alternative methodological approach is suggested and, in addition to consequences, four normative...

A well-known interpretation of Marx's reproduction schema identifies the role played by the 'Kalecki principle', or Widow's Curse, that capitalists earn what they spend. As Marx writes in Capital Volume II: 'In point of fact, paradoxical as it may seem at the first glance, the capitalist class...

The purpose of this paper is to assess empirically whether trade flows carry disembodied knowledge to emerging countries. Endogenous growth theory predicts that productivity growth rates of countries are related through international trade linkages and associated embodied and disembodied...

Recent finance literature highlights the role of technological change in increasing firm specific and aggregate stock price volatility (Campbell et al. 2001, Shiller 2000, Pastor and Veronesi 2006). Yet innovation data is not used in these analyses, leaving the direct relationship between...

Drawing on data from a new survey of individual capabilities across a range of life domains, the paper explores gender inequalities in the causes, experiences and consequences of violent crime. Measuring not only experienced violence, but also feelings of fear and vulnerability to future...

This paper identifies a large gap between the unusally implicit assumptions about non-market working relationships that underpin health care policy and evidence on non-market behaviour in practice. It then draws a series of conclusions for policy.

Periods of Schumpetarian creative destruction are well captured by indicators of turbulence that highlight changes in inter-firm variety, such as the market share instability index and relative growth rates. Entry/exit rates do not always serve this purpose. The point is illustrated through the...