-
Towards the Culturalization of Macroeconomics: A Veblenian Contribution Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Giorgos Argitis
Conventional macroeconomics cannot be the basis for a pragmatic understanding of the behavior of the financial model of capitalism in which we live and for drawing practical economic policies. Its ...
-
Bank Lending to Businesses in a Pandemic Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Zoriana Krykhovetska, Svitlana Kropelnytska, Iryna Kokhan, Tetiana Myhovych, Veronika Dmytrovska
The relevance of the study is that the pandemic has affected the financial stability of many businesses. The purpose of the study is to consider the features of bank lending to businesses in a pand...
-
Economics in Germany: About the Unequal Distribution of Power Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Rouven Reinke
This article analyzes the power relations in the field of German economics. By incorporating the capital and field theory of Pierre Bourdieu, the study investigates the distribution of economic, so...
-
Polanyi, Piketty, and the Twenty-First Century Market Economy Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Dell P. Champlin, Janet T. Knoedler
Both Karl Polanyi in The Great Transformation and Thomas Piketty in Capital and Ideology make use of the long historical roots of our current high levels of inequality and disappearing safety net, ...
-
Progressive Path-Dependency? Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Jacob Powell
Path-dependency is typically associated with a “lock-in” that is suboptimal. The sub-optimality of this “lock-in” is attributed to a degree of ceremonial encapsulation, eroding instrumentality, whe...
-
Amartya Sen as a Neoclassical Economist Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Antonis Ragkousis
Amartya Sen is often described as an insightful critic of mainstream economics, and in particular, his work in development economics, alongside the construction of the capabilities approach, has be...
-
A Critical Analysis of the Financial Frictions Approach in a Minskyan Perspective Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Giancarlo Bertocco, Andrea Kalajzić
The concept of financial frictions is at the core of the Financial Frictions Approach (FFA) which underlines that to explain the financial crisis of 2007–2008 it is sufficient to add the financial ...
-
From Petrodollar to Energy-Yuan: Currency Internationalization in the Light of Original Institutional Economics Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Natália Bracarense, Irène Berthonnet
The present article relies on an original institutional economics perspective of the international monetary system to argue that contrary to what is generally maintained in international relations ...
-
Internet Economics: Writing on the Virtual Wall Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Russell William Houldin
Most economic literature on the internet views the internet through the lens of private markets. However, the internet, concretely, as a collection of software protocols, is intrinsically a public ...
-
Care in the Time of COVID-19: Accounting for Academic Care Labor Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Poulomi Dasgupta, Alexandra Peat, Alison E. Vogelaar
This article engages with care as an increasingly marketed yet inconsistently articulated and accounted form of labor in the space of the university. As the COVID-19 crisis has thrown into sharp re...
-
Minsky Theory of Inflation: An Empirical Analysis of OECD Countries Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Hongkil Kim
This article investigates the dynamics of the four-decade-long disinflationary trend combined with cyclical inflation in OEDC countries. Minsky’s inflation model is adopted as the analytical framew...
-
Inflation, Interest, and the Secular Rise in Wealth Inequality in the United States: Is the Fed Responsible? Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Edward N. Wolff
Two hallmarks of U.S. monetary policy since the 1981–1982 recession are declining interest rates and moderation in inflation, at least until recently. Coincident with these trends was a surge in U....
-
Hamilton Based the Central Banking of the U.S. Bank upon the Notion that there is No Political Independence without Economic Independence Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Emir Phillips
The Continental Congress foray into printed money during the American Revolution was so disastrous that the United States printed no more money for nearly a century, the one exception being a brief...
-
Conjectures of British Investment, Tax Revenues, and Deficit Amounts from the Thirteenth to the Nineteenth Century using the Concept of Economic Surplus Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Thomas E. Lambert
This article attempts to estimate trends in the levels of public and private investment, and national government surpluses and deficits from accumulated capital income, taxation, and rents estimate...
-
The Legal Foundations of Micro-Institutional Performance: A Heterodox Law and Economics Approach Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Glen Atkinson
Published in Journal of Economic Issues (Vol. 58, No. 1, 2024)
-
The Tragic Science: How Economists Cause Harm (Even as They Aspire to Do Good) Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Fatih Kırsanlı
Published in Journal of Economic Issues (Vol. 58, No. 1, 2024)
-
In Memoriam: Vernon M. Briggs, Jr. (1937-2023) Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Charles J. Whalen
Published in Journal of Economic Issues (Vol. 58, No. 1, 2024)
-
Veblen was Right: Why People Seek Unaffordable Cars Journal of Economic Issues (IF 0.854) Pub Date : 2024-02-28 Anna Kurysheva, Andrei Vernikov
We study the connection between financialization and consumerism, and claim that greater availability of consumer loans affects consumerist culture and promotes the institution of conspicuous consu...
-
Institutions, Gender, and Net Nutrition during Economic Development: The United States from 1860s–1930s Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Scott Alan Carson
Gender-based institutions influence resource allocation within the household and when other measures for economic welfare are scarce or unreliable, the use of biological measures are now standard i...
-
Fragmented State in a Neo-Developmental Experience: Examining Limits in Argentine Industrial Policy Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Cristhian Seiler, Víctor Ramiro Fernández
At the beginning of this new century, the “pink tide” of neo-developmental reactions to neoliberalism repositioned the state in development processes in Latin America. However, state leadership in ...
-
Minimum Wages, Employment, and the “Harmony of Illusions” Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Arne Heise
In contrast to Thomas Kuhn’s theory of scientific revolutions, the economic discipline appears to progress in a piecemeal, path dependent way continuously being dominated by the same paradigm. Inst...
-
The Origins and Dynamics of Inequality: Sex, Politics, and Ideology Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 William M. Dugger
Published in Journal of Economic Issues (Vol. 57, No. 4, 2023)
-
Inequalities and the Progressive Era: Breakthroughs and Legacies Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Franklin Obeng-Odoom
Published in Journal of Economic Issues (Vol. 57, No. 4, 2023)
-
Principles of Institutional and Evolutionary Political Economy: Applied to Current World Problems Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Ian Kerr
Published in Journal of Economic Issues (Vol. 57, No. 4, 2023)
-
Index Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14
Published in Journal of Economic Issues (Vol. 57, No. 4, 2023)
-
Multi-Level Marketing: A Neoliberal Institution Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Mary V. Wrenn
Capitalism has a productivity fetish. The goal of squeezing more and more out of workers while also cutting costs to the quick underscores all historical incarnations of the capitalist cycle of acc...
-
Financial Market Paradigm Shifts and Consumer Financial Spinning Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Olivier Mesly, Nicolas Huck
This article uses a humanistic paradigm and its four-drive theory as an analytical tool to signal occasional paradigm shifts from economistic, to humanistic, to predatory markets. In predatory mark...
-
GDPR and Digital Protectionism in the EU: The Cases of Android and iOS Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Muge Ucar, Altug Yalcintas
Digital media corporations such as Alphabet—the parent company of Google—and Apple invade people’s privacy and personal data and make high profits through their operating systems such as Android an...
-
Use of Personal Data for Monetization Purposes: The Case of Mobile Applications Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Clara Jean, Vincent Lefrere
In the mobile apps market, most apps can be downloaded for free. This study reviews the economic literature on the three most popular monetization strategies used to generate revenue: advertising, ...
-
The Economics of Tax Behavior: The Absence of a Reflexive Ethical-Economic Agent Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Jamie Morgan
In this article I do four things. First, I set out and critique mainstream economic theory of tax evasion and its lack of a reflexive ethical-economic agent. Second, I set out more innovative work ...
-
What is Heterodox Economics? Insights from Interviews with Leading Thinkers Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Andrew Mearman, Sebastian Berger, Danielle Guizzo
This article investigates heterodox economics, drawing on data from interviews we conducted with leading economists, using thematic analysis to identify three core concerns of our respondents: real...
-
Academic Snobbery and the Prospects for Heterodox Economics Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Alex Stewart
How healthy is heterodox economics? As contributions to an answer, this article provides bibliometric evidence about its current status in universities of varying ranks. It also offers Veblenian in...
-
On the Origins of American Business Leaders: Frank W. Taussig, Carl S. Joslyn, and the “Brain Trust” of American Eugenics Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Luca Fiorito, Massimiliano Vatiero
In their 1932 volume American Business Leaders: A Study in Social Origins and Social Stratification, Frank W. Taussig and Carl S. Joslyn, then a young Harvard graduate, argued that success in busin...
-
Connections Between Thorstein Veblen’s Institutionalism and Celso Furtado’s Mature Writings Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 José Maltaca, Felipe Almeida
This study associates Original Institutional Economics and four books by Celso Furtado from the 1990s and early 2000s, as he discusses the cultural dimensions of underdevelopment in those writings....
-
Bringing Money to the Market: The Ambiguity in Polanyi’s Third “Fictitious Commodity” Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Simon Derpmann
The contribution examines Karl Polanyi’s analysis of the fictitiousness of the commodity description of money, and its suitability as a reference for the analysis of the commodification of money wi...
-
How Is Money Driven? The Case in Shanghai (1949–1950) Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Zengping He
This article presents a case study of how the Renminbi won the currency war in Shanghai between 1949 and 1950. This case study supports the proposition of chartalism and MMT that money is a creatur...
-
Mental Models, Decision-Making, Bargaining Power, and Institutional Change Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Morris Altman
Institutions not only impact on the behavior of individuals, but they are affected by the behavior of individuals and the mental models or practical theories that drive human action. I argue that i...
-
How Do Ethically Minded Consumers Explain Intention-Behavior Gap? Barriers to Ethical Purchasing in Turkey Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Selin Köksal Araç, Serap Çabuk
Although consumers usually have positive attitudes and intentions towards purchasing ethical products, the rate of actual ethical purchasing behavior is relatively low. This research aims to identi...
-
The Regulatory Span of (Formal) Institutions: Essay Inspired by Klammer & Scorsone (2022) Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Wilfred Dolfsma
Formal institutions, most prominently laws, impact society and also the economy by changing actors’ behavior. How that impact can be conceptualized is in need of more elaboration. Klammer & Scorson...
-
Reflections on Goldberg and Torras’s “Explaining Stagnant Living Standards in a Generalized Asset Growth Context” Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 William Van Lear
Published in Journal of Economic Issues (Vol. 57, No. 4, 2023)
-
Our Response to Van Lear’s “Reflections” on our Article Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 Robert Goldberg, Mariano Torras
Published in Journal of Economic Issues (Vol. 57, No. 4, 2023)
-
The Origins and Dynamics of Inequality: Sex, Politics, and Ideology Journal of Economic Issues (IF 0.854) Pub Date : 2023-12-14 William Waller
Published in Journal of Economic Issues (Vol. 57, No. 4, 2023)
-
The Samuels-Buchanan Correspondence and the Lost Opportunity for a Positive Public Choice Scholarship Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 Luke Petach
Abstract This article revisits the debate between James Buchanan and Warren Samuels over Miller v. Schoene (1928 Miller et al. v. Schoene, 276 U.S. 272. 1928. [Google Scholar]). The initial court case—concerning the rights of government in the face of conflicting private interests—and subsequent debate between Buchanan and Samuels have important implications for the interrelations between legal and
-
Reclaiming Mitchell’s Institutionalist Approach to Business Cycles Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 Sylvio A. Kappes, Marcelo Milan
Abstract Wesley C. Mitchell, despite his seminal contributions to the understanding of macroeconomic fluctuations, with a few exceptions, has not received the deserved attention from scholars. This article argues that his business cycles research must be updated and developed into a macro-theory emphasizing the endogenous co-evolution of the institutional influence on behavior and the typical features
-
Spatially Unbalanced Growth and Regional Economic Inequalities in Brazil: A Long-Run Perspective Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 Humberto Martins
Abstract The objective of this article is to analyze the evolution of Brazilian regional economic inequalities in the long-run. The theoretical basis is the “spatially unbalanced growth,” approach largely influenced by Albert Hirschman and Nicholas Kaldor’s perspectives. I examine data from 1900 at the national level, analyzing GDP growth, investment rate, and manufacturing share. Using data on GDP
-
A Commonsian Reading on Brazilian Unionism Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 Rodrigo Constantino Jeronimo, Sebastião Neto Ribeiro Guedes
Abstract By systemizing a typology from John R. Commons and John B. Andrews’ discussion about collective bargaining and the attitudes of governments towards labor unions, we present in this article the use of this categorization to investigate the vicissitudes of unionism in Brazil. We do so by analyzing the interaction between the government and labor unions in two different inflection points in Brazil’s
-
Alternative Ideas from 10 (Almost) Forgotten Economists Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 William Waller
Published in Journal of Economic Issues (Vol. 57, No. 3, 2023)
-
Evolutionary Behavioral Economics: Veblenian Institutionalist Insights from Recent Evidence Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 Kellin Chandler Stanfield
Abstract Analyzing the material means of life and the adaption of the human agent in an unfolding sequence of cumulative causation is the central ingredient of an evolutionary approach to economics identified by Thorstein Veblen. This article argues evolutionary behavioral economics, as a complement to mainstream behavioral economics, will provide not only a deeper conceptual integration of psychological
-
Mass Culture, Imports and Conspicuous Consumption Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 Annie Tubadji, Ruxiang Wee, Don J. Webber
Abstract This study investigates how a country’s promotion of its culture affects another country’s consumption patterns. We collected primary data from Malaysians about their exposure to Korean drama and consumption of Korean cosmetics in order to test whether the imaging of Korean cultural richness through the international marketing strategy termed Hallyu (entailing the use of Korean TV drama to
-
Are Consumer Financial Spinning and its Propensity to Deceive Counterproductive Economic Behaviors? Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 Olivier Mesly, Silvester Ivanaj
Abstract In this article, the authors explain how rational consumers of financial products become irrational, that is, adopt behaviors that impede on their consumer experience, and how deception is at the heart of this phenomenon. We draw a perceptual map to show the continuum between rational-based and irrational-based economic models and deploy the key psychological constructs that cause the transfer
-
The Great Hypocrisy: Neoliberalism’s Critique of Modern Monetary Theory Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 John P. Watkins, James E. Seidelman
Abstract There is something disingenuous, something hypocritical in the vociferous critiques of Modern Monetary Theory (MMT). The hypocrisy among neoliberal economists reveals itself in tacitly accepting quantitative easing (QE) while criticizing MMT. QE involves creating money to purchase treasury bonds and mortgage-backed securities, benefiting primarily asset holders. MMT involves creating money
-
The Paradox of Resilience and Efficiency Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 Irene van Staveren
Abstract Resilience and efficiency tend to be regarded as trade-offs. Is it possible to have more resilience in a capitalist economy? By referring to the literature on resilience in ecology and the study of the commons, I suggest that we can learn how to build more resilience without having to give up on efficiency. The key to this is cooperation instead of competition and a long-term understanding
-
The COVID-19 Crisis as an Opportunity to (Further) Extend Neoliberalism into the Higher Learning Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 William Waller, Mary V. Wrenn
Abstract Philip Mirowski’s, book, Never Let a Serious Crisis Go to Waste, describes how crises are used by neoliberals to extend neoliberal policies and adjust institutions in such a way as to strengthen and further entrench neoliberal values and goals. We argue that the COVID-19 pandemic created a crisis that created an opportunity to extend and further entrench neoliberal policies, goals, and values
-
Paranoia Among Employees of Private Organizations: An Outcome of COVID-19 Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 Sudarshan Maity, Tarak Nath Sahu
Abstract The pandemic of COVID-19 has negatively impacted most of the countries of the world. The present study is an endeavor to investigate the impact of COVID-19 on the employees from India working in different private sector organizations. Applying Levene’s F-test, Mann-Whitney U-test, Effect Size analysis, Spearman Correlation, etc. the present study finds a significant number of employees are
-
Why Money Matters: Debating the Social Construction of Monetary Value and the Concept of Money as Debt Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 Matilde Massó
Abstract This article evaluates the major gaps in the state of the art regarding the socioeconomic literature on money. It examines current debates on the ontology of money and the concept of money as debt. It asserts the idea that money is essentially the result of a human cognitive property by means of which we establish a general measure of value that can be applied to valuing things, goods, or
-
German Public Banks, Competition, and Risk: Deregulation of Landesbanks and German Vulnerability to Crisis Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 Nina Eichacker
Abstract This article uses historic and balance sheet analysis to argue that financial deregulation and competitive pressures in financial markets motivated German Landesbanks, large public banks that historically served small and medium enterprises and funded public expenditure, to engage in risky financial practices that precipitated their failures in the 2008 Global Financial Crisis. By contrast
-
The “Free Trade” South versus The Mercantilist-Keynesian North during the Civil War Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 Emir Phillips
Abstract Since acquiring money is not, and is not intended to be, directly in the social interest, the economic principles suitable for capitalism must, in the long run, resolve the possible institutional conflicts between acquiring money for the business enterprise and producing real output for the benefit of society-at-large. Mainstream economic theory since Adam Smith has suppressed this structural
-
An Historical Background of Andalusia’s Unemployment: An Institutional Perspective Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 Manuel J. Muriel-Ramírez
Abstract This work aims to shed light on the ultimate causes of structural unemployment in the Spanish region of Andalusia where it persistently exceeds the already high national average. The origins of modern Andalusia hark back to the Early Modern Age when most Iberian states amalgamated into a single entity. Unlike its northern counterparts, Andalusia was mostly a Muslim country and its incorporation
-
Preparing for the Just Transition from Local Economies’ Perspective: Belchatow Brown Coal Basin Case Study (Central Poland) Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 Paulina Kucharska
Abstract This article addresses the matter of investment decisions undertaken by the local authorities of coal-dependent economies in the context of oncoming transition resulting from the industrial facilities closure. The article offers an analysis of investment expenditures in three areas: technical infrastructure, social infrastructure, and environmental protection. The theoretical part of the article
-
Inclusiveness of the Indian Dairy Sector: An Institutional Approach Journal of Economic Issues (IF 0.854) Pub Date : 2023-09-01 Marie Dervillé, Bruno Dorin, Léa Jenin, Didier Raboisson, Claire Aubron
Abstract We propose an institutional analysis of the development of the Indian dairy sector to investigate the drivers and extent of its inclusiveness. The institutional insight highlights that the inclusion of millions of smallholders in Indian industrial dairy chains comes from a dynamic network of three-tier cooperatives and specific sectoral formal and informal institutions favoring resource pooling