nep-hme New Economics Papers
on Heterodox Microeconomics
Issue of 2016‒02‒04
fifteen papers chosen by
Carlo D’Ippoliti
Università degli Studi di Roma “La Sapienza”

  1. Veiled Repression: Mainstream Economics, Capital Theory, and the Distributions of Income and Wealth By Lance Taylor
  2. Technical Change, Non-Tariff Barriers, and the Development of the Italian Locomotive Industry, 1850-1913 By Carlo Ciccarelli; Alessandro Nuvolari
  3. Not Beautiful, not Just, not Virtuous; 'And It Doesn't Deliver the Goods'. Capitalism and “Fear of Goods” in Keynes's Thought By Carabelli, Anna; Cedrini, mario
  4. Striving for balance in economics : towards a theory of the social determination of behavior By Hoff,Karla; Stiglitz,Joseph E.
  5. Different Behavioral Explanations of the Neolithic Transition from Foraging to Agriculture: A Review By Tisdell, Clem; Svizzero, Serge
  6. Understanding Cooperative Finance as a New Common By Anaïs Périlleux; Marthe Nyssens
  7. El horizonte de la igualdad de género: Colombia y Cuba frente a los retos del cuidado By Sáez, Isabel
  8. Evaluation of development account project 10/11 F Improving quantification of women’s unpaid work in support of poverty eradication policies By -
  9. Le financement de l’Économie Sociale au Québec By Claude DORION
  10. Revisiting the concept of Social Enterprise in a Gulf Cooperation Council (GCC) context: a social constructionist view By Sarah JOHNSEN
  11. Profils de l'investissement et divergences de performances By Mauro Napoletano; Francesco Vona; Jean-Luc Gaffard
  12. Lawson on Veblen on Social Ontology By Davis, John B.; Wells, Tom
  13. Gender, ethnicity and household labour in married and cohabiting couples in the UK By Kan,  Man Yee; Laurie, Heather
  14. Agent-based simulation of competing sustainability enhancing strategies for the pork supply chain By Verwaart, Tim; Eva, van den Broek
  15. Un índice de pobreza multidimensional para América Latina By Santos, María Emma; Villatoro, Pablo; Mancero, Xavier; Gerstenfeld, Pascual

  1. By: Lance Taylor (Schwartz Center for Economic Policy Analysis (SCEPA))
    Abstract: The Cambridge UK vs USA capital theory debates of the 1960s showed that the workhorse mainstream growth model relies on unsustainable assumptions. Its standard interpretation is not consistent with the last four decades of data. Part of an estimated increase in the ratio of personal wealth to income in recent years is due to higher asset prices. The other side of the accounts reveals that financialization and growing business debt partially offset the greater net worth of households. Attempts to interpret growth in wealth principally as a consequence of capitalization of rents are misleading. An alternative growth model based on Cambridge ideas can help correct these misinterpretations.
    Keywords: Income distribution, wealth distribution, Cambridge controversies
    JEL: D3 E1
    Date: 2015–12
  2. By: Carlo Ciccarelli; Alessandro Nuvolari
    Abstract: This paper examines the dynamics of technical change in the Italian locomotive industry in the period 1850-1913. From an historical point of view, this industry presents a major point of interest: it was one of the few relatively sophisticated "high-tech" sectors in which Italy, a latecomer country, was able to set foot firmly before 1913. Using technical data on the performance of different vintages of locomotives, we construct a new industry-level index of technical change. Our reassessment reveals the critical role played by non-tariff barriers for the emergence and consolidation of national manufacturers in this field.
    Date: 2014–02–12
  3. By: Carabelli, Anna; Cedrini, mario (University of Turin)
    Abstract: Offering a view of the other side of the liquidity-issue, the paper elaborates on the concept of “fear of goods” in Keynes’s thought. It therefore illustrates numerous evidences of “fear of goods” in his economics, and aims to show that the notion might be considered as playing a quite important role as organising concept, helping to establish connections between ideas that are apparently only weakly related. The article fosters an interpretation of the development of Keynes’s theoretical arguments and proposed policy instruments for both domestic and global economy, as reactions to the “fear of goods” of capitalism, which Keynes saw as an inborn propensity of monetary economies of production.
    Date: 2014–10
  4. By: Hoff,Karla; Stiglitz,Joseph E.
    Abstract: This paper is an attempt to broaden economic discourse by importing insights into human behavior not just from psychology, but also from sociology and anthropology. Whereas the concept of the decision-maker in standard economics is the rational actor and, in early work in behavioral economics, the quasi-rational actor influenced by the context of the moment of decision-making, in some recent work in behavioral economics the decision-maker could be called the enculturated actor. This actor's preferences, perception, and cognition are subject to two deep social influences: (a) the social contexts to which he has become exposed and, especially, accustomed; and (b) the cultural mental models?including categories, identities, narratives, and worldviews?that he uses to process information. The paper traces how these factors shape individual behavior through the endogenous determination of preferences and the lenses through which individuals see the world?their perception and interpretation of situations. The paper offers a tentative taxonomy of the social determinants of behavior and describes the results of controlled and natural experiments that only a broader view of these determinants can plausibly explain. The perspective suggests more realistic models of human behavior for explaining outcomes and designing policies.
    Keywords: Cultural Policy,Economic Theory&Research,Psychology,Educational Sciences,Environmental Economics&Policies
    Date: 2016–01–21
  5. By: Tisdell, Clem; Svizzero, Serge
    Abstract: This article examines how well two parallel behavioral approaches, one in economics and the other in anthropology, explain the economic evolution of Neolithic societies, particularly their transit from foraging to agriculture. Both assume rational optimizing behavior. It is argued that satisficing theories provide a superior explanation of transition (and non-transition) by some hunter-gatherers. Furthermore, many of the concepts associated with neoclassical economics are shown to be inadequate for analyzing the choice problems involved. Moreover, it is argued that all behavioral theories considering the relationship between human behavior and economic evolution need to pay attention to the way that decision-making is embedded in social structures. It is unlikely that a single theory will be able to explain the economic evolution of all societies when social structures and other relevant variables differ between communities.
    Keywords: Economic evolution, economic optimization, human behavioral ecology, hunter-gatherers, Neolithic Revolution, satisficing behavior, social embedding., Community/Rural/Urban Development, Crop Production/Industries, Institutional and Behavioral Economics, D01, O10, P00, Q10,
    Date: 2016–01–19
  6. By: Anaïs Périlleux (UNIVERSITE CATHOLIQUE DE LOUVAIN, Centre Interdisciplinaire de Recherche Travail, État et Société (CIRTES), Institut de Recherches Economiques et Sociales (IRES) and CERMi); Marthe Nyssens (UNIVERSITE CATHOLIQUE DE LOUVAIN, Centre Interdisciplinaire de Recherche Travail, État et Société (CIRTES) and Institut de Recherches Economiques et Sociales (IRES))
    Abstract: The emerging field of common good socio-economics is promising not only for the preservation of common natural resources but also for common goods created by people through collective action, the importance of which has been emphasized by the recent financial and economic crisis. Based on the case of cooperative finance, this paper’s outcomes are threefold. First, it demonstrates that financial cooperatives can be understood as a human-made common. Second, it shows that while the boundaries between the nature and property regime of goods may be relatively clear for natural common goods, they appear much more interlinked for human-made goods, where commons are embedded in intergenerational reciprocity. Third, the paper proposes a new way of thinking about public policies and shows the need to recognize financial cooperatives as human-made commons so as to design adequate legislation to protect these commons from isomorphism, privatization and destruction.
    Keywords: Common, Financial Cooperative, Property Regime, Demutualization
    Date: 2016–01–06
  7. By: Sáez, Isabel (Comisión Económica para América Latina y el Caribe (CEPAL) United Nations)
    Abstract: El presente documento aborda la experiencia de dos países de la región que han desarrollado instrumentos jurídicos e institucionales para promover mayor justicia para las mujeres en el ámbito de la economía del cuidado: el caso de Colombia a través de la Ley 1413 que regula la inclusión de la economía del cuidado en el sistema de cuentas nacionales y la experiencia que aporta la política de los Círculos Infantiles en Cuba. Este análisis se enmarca en el trabajo de sistematización y análisis de políticas justas para la igualdad de género desarrollada por la División de Asuntos de Género de la CEPAL, en base al instrumento diseñado especialmente con este fin, una matriz de análisis de políticas justas de género, el que permite dar cuenta —considerando todas las fases del ciclo de las políticas públicas— de aquellas políticas orientadas a superar las desigualdades que afectan a las mujeres. En esta ocasión, se aborda la desigualdad que enfrentan las mujeres respecto de su autonomía económica a causa de la organización social el cuidado, desigualdad que las dos políticas analizadas pretenden subsanar, mediante distintas estrategias y mecanismos.
    Date: 2015–12
  8. By: - (Comisión Económica para América Latina y el Caribe (CEPAL) United Nations)
    Date: 2014–05
  9. By: Claude DORION (Université de Montréal; MCE Conseils)
    Abstract: The Quebec social economy has boomed over the last thirty years. This development was supported by a global strategy recognizing their value as Associations fulfilling a clear and relevant social mission and as collective businesses operating efficiently an economic activity. This sector has been supported by an ecosystem of demand of financing through the provision of professional technical services and supply of the same financing by a comprehensive ensemble of institutions offering different financial products. The State played a central role in the construction of this ecosystem by offering regulatory, fiscal levers and direct contribution always looking to stimulate leverage pushing for the financial intervention of civil society, individual investors and the private sector.
    Keywords: social economy, financing, support, policies, collective
    Date: 2016–01
  10. By: Sarah JOHNSEN (Independent researcher in Social Sciences. Based in the United Arab Emirates)
    Abstract: The United Arab Emirates are resolutely diversifying their economy away from oil dependency. A top-down commitment to include the Emirati workforce into an increasing knowledge-based economy is visible in the federal efforts undertaken to promote entrepreneurship. A federal entity dedicated to the development of SMEs acknowledged the synergistic role social enterprises could play in merging social inclusion and economic development. This entity wholly funds and incubates a nonprofit establishment, acting as market intermediary for Emirati artisans. This paper builds on the methodology and findings of a dissertation for a Master in Development Studies which aimed at providing an insight of this non-profit establishment’s potential to become a social enterprise. Given the experimental nature of the research, a pragmatic approach was followed. An iterative process underpinned the concept of social enterprise from established literature, re-visited the concept through a social constructionist lens as an emerging topic in the GCC region, and benchmarked the non-profit establishment against two selected social enterprise frameworks, based on data analysis from documents and interviews. This paper focuses on the social constructionist perspective as a method to re-visit the imported construct that is social enterprise in the UAE context, and connect it with the constructs inherent to this specific environment. This paper aspires to add to the burgeoning literature in the field of social enterprise in the GCC context, while illustrating with the example of the UAE context, the relevance of social constructionism as a universal method to investigate the concept of social enterprise in their own context.
    Keywords: Benchmark, culture preservation, capacity building, economic empowerment, public sector, social constructionism, social enterprise, social inclusion, United Arab Emirates
    Date: 2015
  11. By: Mauro Napoletano (OFCE); Francesco Vona (OFCE); Jean-Luc Gaffard (OFCE)
    Abstract: L’étude empirique comparative montre que la composition de l’ investissemet compte bien davantage que son niveau global. C’est moins le tauxd ’investissement que la nature des investissements effectués et leur degré de complémentarité qui affectent naturellement la performance des entreprises et de l’économie.
    Keywords: competitivite; investissement; productivite
    Date: 2015–12
  12. By: Davis, John B. (Department of Economics Marquette University); Wells, Tom (Leiden University)
    Abstract: Human development is meant to be transformational in that it aims to improve people’s lives by enhancing their capabilities. But who does it target: people as they are or the people they will become? This paper argues that the human development approach relies on an understanding of personal identity as dynamic rather than as static collections of preferences, and that this distinguishes human development from conventional approaches to development. Nevertheless this dynamic understanding of personal identity is presently poorly conceptualized and this has implications for development practice. We identify a danger of paternalism and propose institutionalizing two procedural principles as side constraints on development policies and projects: the principle of free prior informed consent, and the principle of democratic development.
    Keywords: human development policy, personal identity, paternalism, informed consent, autonomy, democracy, capability approach
    JEL: D63 D99 L31 O15 O29
    Date: 2016–01
  13. By: Kan,  Man Yee; Laurie, Heather
    Abstract: There is an extensive literature on the domestic division of labour within married and cohabiting couples and its relationship to gender equality within and outside the household. UK quantitative research on the domestic division of labour across ethnic groups has been limited by a lack of data that enables disaggregation by ethnic group. This paper uses data from Understanding Society, the UK Household Longitudinal Study containing sufficient sample sizes of ethnic minority groups for meaningful comparisons. We find significant variations in patterns of domestic labour by ethnic group, gender, education and employment status after accounting for individual and household characteristics. 
    Date: 2016–01–13
  14. By: Verwaart, Tim; Eva, van den Broek
    Keywords: Agent-based simulation of competing sustainability enhancing strategies for the pork supply chain, Agricultural and Food Policy, Food Consumption/Nutrition/Food Safety, Food Security and Poverty,
    Date: 2015
  15. By: Santos, María Emma (Comisión Económica para América Latina y el Caribe (CEPAL) United Nations); Villatoro, Pablo (Comisión Económica para América Latina y el Caribe (CEPAL) United Nations); Mancero, Xavier (Comisión Económica para América Latina y el Caribe (CEPAL) United Nations); Gerstenfeld, Pascual (Comisión Económica para América Latina y el Caribe (CEPAL) United Nations)
    Abstract: En este documento se propone un nuevo Índice de Pobreza Multidimensional para América Latina. El índice vincula la tradición regional en medición de pobreza —incluyendo la aproximación de Necesidades Básicas Insatisfechas (NBI) y el método de Línea de Pobreza— con los desarrollos metodológicos recientes en la medición multidimensional de la pobreza. El índice combina indicadores monetarios y no monetarios, incluye indicadores de pobreza no utilizados habitualmente en la región y actualiza umbrales de privación para algunas medidas tradicionales de NBI. El índice se estimó para 17 países de la región alrededor de 2012 y de 2005.
    Date: 2015–12

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