nep-hme New Economics Papers
on Heterodox Microeconomics
Issue of 2019‒05‒20
twenty-one papers chosen by
Carlo D’Ippoliti
Università degli Studi di Roma “La Sapienza”

  1. How the rich are different: Hierarchical power as the basis of income and class By Fix, Blair
  2. Sraffian Indeterminacy in General Equilibrium Revisited By Naoki Yoshihara; Se Ho Kwak
  3. The Impact of Financialization on the Rate of Profit: A Discussion By Di Bucchianico, Stefano
  4. What economics education is missing: The real world By Pühringer, Stephan; Bäuerle, Lukas
  5. Structural Transformations and Cumulative Causation: Towards an Evolutionary Micro-foundation of the Kaldorian Growth Model. By Andre Lorentz; Tommaso Ciarli; Maria Savona; Marco Valente
  6. Working Paper 11-18 - Value chain integration of export-oriented and domestic market manufacturing firms - An analysis based on a heterogeneous input-output table for Belgium By Caroline Hambye; Bart Hertveldt; Bernhard Klaus Michel
  7. Le commun comme mode de production. Introduction By Carlo Vercellone; Francesco Brancaccio; Giuliani Alfonso
  8. Alternative visions : permaculture as imaginaries of the anthropocene By Roux-Rosier Anahid; Ricardo Azambuja; Gazi Islam
  9. Revisiting the methodology of Myrdal in Asian Drama 50 years on By Stewart Frances
  10. Institutions and Asia’s development: The role of norms and organizational power By Khan Mushtaq
  11. The role of natural resources in production: Georgescu-Roegen/ Daly versus Solow/ Stiglitz By Quentin Couix
  12. Causal pluralism and mixed methods in the analysis of poverty dynamics By Shaffer Paul
  13. African Socialism; or the Search for an Indigenous Model of Economic Development By Akyeampong, Emmanuel
  14. Sommes-nous payés selon la productivité marginale ? By Jael, Paul
  15. The social relation to the environment in contemporary capitalism: theoretical reflections and empirical explorations By Cahen-Fourot, Louison
  16. Is India’s Employment Guarantee Program Successfully Challenging Her Historical Inequalities? By Kartik Misra
  17. Desigualdades de género en los discursos de la dirigencia sindical argentina. Estudio de caso en el sector salud By Aspiazu, Eliana
  18. Ex-post Analyse der Ministererlaubnis-Fälle - Gemeinwohl durch Wettbewerbsbeschränkungen? By Stöhr, Annika; Budzinski, Oliver
  19. Der Begriff "Arbeit" beim frühen und beim späten Karl Marx By Brodbeck, Karl-Heinz
  20. Agency in regional path development: Towards a bio-economy in Värmland, Sweden By Jolly, Suyash; Grillitsch, Markus; Hansen, Teis
  21. Markfundamentalismus als Kollektivgedanke: Mises und die Ordoliberalen By Ötsch, Walter; Pühringer, Stephan

  1. By: Fix, Blair
    Abstract: What makes the rich different? Are they more productive, as mainstream economists claim? I offer another explanation. What makes the rich different, I propose, is hierarchical power. The rich command hierarchies. The poor do not. It is this greater control over subordinates, I hypothesize, that explains the income and class of the very rich. I test this idea using evidence from US CEOs. I find that the relative income of CEOs increases with their hierarchical power, as does the capitalist portion of their income. This suggests that among CEOs, both income size and income class relate to hierarchical power. I then use a numerical model to test if the CEO evidence extends to the US general public. The model suggest that this is plausible. Using this model, I infer the relation between income size, income class, and hierarchical power among the US public. The results suggests that behind the income and class of the very rich lies immense hierarchical power.
    Keywords: hierarchy,power,functional income distribution,personal income distribution,inequality,capital as power,class
    JEL: D31 D33 B5
    Date: 2019
  2. By: Naoki Yoshihara (Department of Economics, University of Massachusetts Amherst); Se Ho Kwak (Department of Economics, University of Massachusetts Amherst)
    Abstract: In contrast to Mandler’s (1999a; Theorem 6) impossibility result about the Sraffian indeterminacy of the steady-state equilibrium, we first show that any regular Sraffian steady-state equilibrium is indeterminate in terms of Sraffa (1960) under the simple overlapping generation economy. Moreover, we also check that this indeterminacy is generic. These results are obtained by explicitly defining a simple model of overlapping gener- ation economies with Leontief production techniques, in which we also explain the main source of the difference between our results and Mandler (1999a; section 6).
    Keywords: Sraffian indeterminacy
    JEL: B51 D33 D50
    Date: 2019
  3. By: Di Bucchianico, Stefano (Roma Tre University)
    Abstract: The present work, by making use of the ‘integrated wage-goods sector’ methodology proposed by Gareg-nani, investigates some channels through which financialization may impact the normal rate of profit. We analyze the effect of a higher profit share in the financial sector, the technical innovations in the financial sector and rising household indebtedness. We find that none of them influences normal profitability, with the exception of one type of technical innovation. We subsequently critically discuss some Marxian strands of analysis that describe financialization as a temporary countertendency to supposed falling gen-eral profitability. We argue in favor of a separate analysis between growth caused by private borrowing and the study of a normal distribution. Finally, a recent attempt to read the ‘sixth’ countertendency to the falling rate of profit listed by Marx as an anticipation of the phenomenon of financialization is criticized, proposing an alternative interpretation.
    Keywords: falling profitability; financialization; financial crisis; rate of profit
    JEL: B14 B51 P12
    Date: 2019–05–08
  4. By: Pühringer, Stephan; Bäuerle, Lukas
    Abstract: The global financial crisis (GFC) led to increasing distrust in economic research and the economics profession, in the process of which the current state of economics and economic education in particular were heavily criticized. Against this background we conducted a study with undergraduate students of economics in order to capture their view of economic education. The paper is based on the Documentary Method, a qualitative empirical method, which combines maximum openness with regard to the collection of empirical material coupled with maximum rigor in analysis. The empirical findings show that students enter economics curricula with (1) epistemic, (2) practical or (3) moral/political motivations for understanding and dealing with real-world problems but end up remarkably disappointed after going through the mathematical and methods-orientated introductory courses. The findings further indicate that students develop strategies to cope with their disappointment - all of them relating to their original motivation. The theoretical contextualization of the empirical findings is based on the psychological concept of cognitive dissonance.
    Keywords: Economic education,real-world orientation,cognitive dissonance,Global Financial Crisis,qualitative social research,Documentary Method
    JEL: A10 A11 A12 A20 B49
    Date: 2018
  5. By: Andre Lorentz; Tommaso Ciarli; Maria Savona; Marco Valente
    Abstract: We build upon the evolutionary model developed in prior works (Ciarli, Lorentz, Savona and Valente 2010b), which formalises the links between production, organisation and functional composition of the employment on the supply side and the endogenous evolution of consumption patterns on the demand side. The main contribution resulting from the exercise proposed here is to derive the Kaldorian cumulative causation mechanism as an emergent property of the dynamics generated by the micro-founded model. More precisely, we discuss the main transition dynamics to a self-sustained growth regime in a two-stage growth patterns generated through the numerical simulation of the model. We then show that these mechanisms lead to the emergence of a Kaldor-Verdoorn law. Finally we show that the structure of demand (among others the heterogeneity in consumption behaviour) itself shapes the type of growth regime emerging from the endogenous structural changes, fostering or hampering the emergence of the Kaldor Verdoorn law.
    Keywords: Structural change; growth; consumption; technological change; cumulative causation; evolutionary economics; Kaldor-Verdoorn Law.
    JEL: O41 L16 C63 E11 O14
    Date: 2019
  6. By: Caroline Hambye; Bart Hertveldt; Bernhard Klaus Michel
    Abstract: For a finer analysis of competitiveness and value chain integration, this working paper presents a micro-data based breakdown of manufacturing industries in the 2010 Belgian supply-and-use and input-output tables into export-oriented and domestic market firms. The former are defined as those firms that export at least 25% of their turnover. Analyses based on the resulting export-heterogeneous IOT reveal differences between the two in terms of input structures and import behaviour: export-oriented manufacturers have lower value-added in output shares, and they import proportionally more of the intermediates they use. Moreover, exports of export-oriented manufacturers generate a substantial amount of value added in other Belgian firms, in particular providers of services. The policy implication of these results is that Belgium's external competitiveness depends not only on exporters but also on firms that mainly serve the domestic market. To maximise the impact of export promotion in terms of domestically generated value added, the entire value chain for the production of exports must be taken into account.
    JEL: C67 F14 F15
    Date: 2018–09–26
  7. By: Carlo Vercellone (CEMTI - Centre d'études sur les médias, les technologies et l'internationalisation - UP8 - Université Paris 8 Vincennes-Saint-Denis); Francesco Brancaccio (CEMTI - Centre d'études sur les médias, les technologies et l'internationalisation - UP8 - Université Paris 8 Vincennes-Saint-Denis); Giuliani Alfonso (CES - Centre d'économie de la Sorbonne - CNRS - Centre National de la Recherche Scientifique - UP1 - Université Panthéon-Sorbonne)
    Abstract: What is the common? What are its foundations? Is it a set of well-defined resources – so called common goods – or a generic principle governing the social organisation of production? These questions need to be asked because the debate on the Common is as rich as it is confusing. On the one hand, notions such as Common, in the singular, commons, common goods, common property, common-pool resources, etc, are at times used as synonymous, at others in contradiction, lacking a precise definition. On the other hand, it is easy to forget that the use of these terms often conceals highly differentiated approaches not only to theory, but also to the political role the Common might play in a project of social transformation. The purpose of this book is to contribute to clarify these questions through a multidisciplinary approach that combines theory and history. The aim is twofold. The first is to provide the reader with a guide to a critical analysis of the main economic and legal theories of common goods. Particular attention will be given to the input and limits of Elinor Ostrom's contribution and to the debate on the so-called tragedy of the commons. This survey of the literature serves the purpose of showing what the Common is not, or, at least, what it should not be reduced to. The second aim is to put forward an approach that is alternative to that of political economy. In this framework, the Common is theorised as an actual "mode of production".
    Abstract: Che cosa è il Comune? Quali sono i suoi fondamenti? Si tratta di un insieme di risorse ben delimitate - i cosiddetti beni comuni – o, invece, di un principio generale d'organizzazione sociale della produzione? La necessità di ripartire da tali interrogativi nasce dalla constatazione della ricchezza, ma anche di una certa confusione che caratterizza il dibattito sul Comune. Da un lato, nozioni come Comune al singolare, commons, beni comuni, proprietà comune, common-pool resources, ecc., sono utilizzate talvolta come sinonimi, talvolta opposte le une alle altre, senza darne una definizione precisa. Dall'altro, si tende spesso a dimenticare come dietro l'uso di questi termini si celino approcci molto differenti, sia sul piano teorico, sia su quello del ruolo politico che il Comune potrebbe svolgere in un progetto di trasformazione sociale. Il proposito di questo saggio è di contribuire a far chiarezza su tali questioni attraverso un approccio multidisciplinare che combina teoria e storia. L'obiettivo è duplice. Il primo è di fornire al lettore una guida pedagogica per un'analisi critica delle principali teorie economiche e giuridiche dei beni comuni. Un'attenzione particolare sarà data agli apporti e ai limiti del contributo di Elinor Ostrom e al dibattito sulla cosiddetta tragedia dei beni comuni. Questa rassegna della letteratura ci permetterà anche di mostrare ciò che il Comune non è o, perlomeno, ciò a cui non deve essere ridotto. Il secondo è di proporre un approccio alternativo a quello dell'economia politica. In questo quadro, il Comune è pensato come un vero e proprio "modo di produzione", portatore di un'alternativa sia all'egemonia della logica burocratica-amministrativa dello Stato, sia a quella dell'economia capitalistica di mercato, in quanto principio di coordinazione della produzione e degli scambi. Il libro fornisce numerose illustrazioni delle pratiche che incarnano questa potenzialità nei settori più svariati dell'economia e della società. Formula inoltre diverse proposte per un'agenda che permetta di favorire lo sviluppo e l'autonomia del "Comune come modo di produzione".
    Keywords: commmons, Common as mode of production, enclosures, Elinor Ostrom, Karl Marx
    Date: 2017–09–15
  8. By: Roux-Rosier Anahid (IRPhiL - Institut de recherches philosophiques de Lyon - UJML - Université Jean Moulin - Lyon III - Université de Lyon); Ricardo Azambuja (MC - Management et Comportement - Grenoble École de Management (GEM)); Gazi Islam (MC - Management et Comportement - Grenoble École de Management (GEM), IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc)
    Abstract: The current paper uses the concept of imaginaries to understand how permaculture provides alternative ways of organizing in response to the Anthropocene. We argue that imaginaries provide ways of organizing that combine ideas and concrete practices, imagining organizational alternatives by enacting new forms of collective practice. Permaculture movements, because of their combination of local, situated design practices and underlying social and political philosophies, provide an interesting case of imaginaries that make it possible to reimagine the relations between humans, non-human species and the natural environment. We identify and describe three imaginaries found in permaculture movements, conceiving of permaculture respectively as a technical design practice, a holistic life philosophy, and an intersectional social movement. These imaginaries open up possibilities for political and social alternatives to industrially organized agriculture, but are also at risk of various forms of ideological co-optation based on their underlying social premises. We discuss our perspective in terms of developing the concept of imaginaries in relation to organizational scholarship, particularly in contexts where fundamental relations between humans and the natural environment must be reimagined, as in the case of environmentalist organizing in response to the Anthropocene.
    Keywords: Environmental Imaginaries,Anthropocene,Permaculture,Imaginaries,Social Imaginaries,Organizing,Collective
    Date: 2018
  9. By: Stewart Frances
    Abstract: This paper reviews the main methodological innovations in Asian Drama. It considers whether Myrdal’s perspectives have been adopted by development analysts, and where fresh thinking is needed, particularly in the light of changes occurring in the half-century since he wrote Asian Drama.The paper concludes that many of his ideas have been accepted, especially among heterodox economists, some themselves putting forward similar arguments. Mainstream economics has, in general, been the least responsive, and renewed emphasis is needed—especially with regard to the effects of positionality on concepts, theories, and policies; and on the inappropriateness of some advanced country economic concepts.In Asian Drama, Myrdal fails to consider that some concepts are inappropriate for the analysis of advanced economies, too. The critical need to take into account environmental considerations in the 21st century provides an additional reason for seeking alternative frameworks for everywhere, whether North or South.
    Keywords: Gunnar Myrdal,Institutions
    Date: 2018
  10. By: Khan Mushtaq
    Abstract: The role of institutions in Asian development has been intensely contested since Myrdal’s Asian Drama, with later contributions from institutional economics and developmental state theory.Despite much progress, the dominant approaches do not agree about the institutions that matter nor do they explain why similar institutions delivered such different results across countries.Cultural norms and informal institutions clearly matter but the appropriate norms did not already exist in successful countries; they evolved over time. The distribution of holding power across different types of organizations, the ‘political settlement’, can explain the diversity of experiences and help to develop more effective policy.
    Keywords: Norms,Organizations,Political settlements,Development,Industrial policy,Institutions
    Date: 2018
  11. By: Quentin Couix (CES - Centre d'économie de la Sorbonne - CNRS - Centre National de la Recherche Scientifique - UP1 - Université Panthéon-Sorbonne)
    Abstract: This paper proposes a historical and epistemological account of one of the key controversy between natural resources economics and ecological economics, lasting from early 1970s to the end of 1990s. It shows that the theoretical disagreement on the scope of the economy's dependence to natural resources, such as energy and minerals, has deep methodological roots. On one hand, Solow's and Stiglitz's works are built on a "model-based methodology", where the model precedes and supports the conceptual foundations of the theory and in particular the assumption of "unbounded resources productivity". On the other hand, Georgescu-Roegen's counter-assumption of "thermodynamic limits to production", later revived by Daly, rest on a methodology of "interdisciplinary consistency" which considers thermodynamics as a relevant scientific referent for economic theory. While antagonistic, these two methodologies face similar issues regarding the conceptual foundations that arise from them, which is a source of confusion and of the difficult dialogue between paradigms.
    Keywords: natural resources,thermodynamics,growth,sustainability,model,theory,methodology
    Date: 2018–01
  12. By: Shaffer Paul
    Abstract: This paper examines the relationship between poverty dynamics, causal pluralism, and mixed method research approaches.It reviews the nature and significance of the shift from the analysis of poverty status to poverty dynamics, discusses different approaches to causal reasoning and causal inference in philosophy and the social sciences, and presents empirical examples of mixed method studies of poverty dynamics.It concludes with a case for causal pluralism and mixed methods on grounds that empirical validation/adjudication is imperfect, knowledge is partial, and many causal systems are inherently complex.
    Keywords: Mixed methods,Poverty Dynamics,Measurement (Poverty),Methodology (Poverty)
    Date: 2018
  13. By: Akyeampong, Emmanuel (African Economic History Network)
    Abstract: Ralph Austen in African Economic History (1987) noted how few African countries explicitly choose capitalism on independence, and for those who did it was a default model or a residual pattern. ‘African socialism’ was popular in the early decades of independence and pursued by several countries, including Ghana, Guinea, Senegal and Tanzania, the cases considered in this paper. The term had multiple meanings, and its advocates were quick to stress that they were not communist, and some said they were not even Marxist. This paper explores the argument that African socialism was a search for an indigenous model of economic development for a generation that was justifiably ambivalent about capitalism, but wary of being put in the communist camp in the Cold War era. Importantly, advocates of African socialism often proposed bold and transformative visions for their countries. These visions might be worth revisiting, devoid of the paradigm of socialism.
    Keywords: Socialism; capitalism; independence; Africa; economic history
    JEL: N17 N27 N47
    Date: 2017–11–14
  14. By: Jael, Paul
    Abstract: The equality between factor pay and marginal product is a major component of the neoclassical paradigm. The article begins with a brief historical review of this principle. Follows a questioning about the relevance of this law as an argument in the social debates: does marginal product represent the very contribution of the agent and if so, is it a legitimate reference for the setting of remuneration? Our answer to the first part of the question is irresolute; to the second, it is negative. But most of the article is devoted to analysing the economic realism of the said law, both empirically and theoretically. We review some statistical studies present in the literature, with particular attention for the debate regarding the regressions of Cobb and Douglas. Evidence does not strengthen the neoclassical law of retribution. The article analyses the factors that hinder either the determination of marginal product or the equalisation between it and factor's remuneration. Are analysed: - the restrictions inherent in the law of marginal productivity: constant returns to scale and perfect competition - an alternative explanation of interest: the Austrian theory - incentive wage theories: efficiency wage and tournament theory. The article then considers the particular case of the CEO's remuneration.
    Keywords: productivité marginale; répartition; salaire; intérêt; profit; fonction de production
    JEL: B21 D24 D33
    Date: 2019–01
  15. By: Cahen-Fourot, Louison
    Abstract: This paper analyses the socio-economic context into which environmental policies and ecological sentiments emerge through empirically studying the relation to the environment of different kinds of capitalism. The association and interaction of the relation to the environment with other key social relations, e.g. the labour-capital relations, are studied and discussed. To achieve this, I draw from Regulation Theory and augment its analytical framework with an explicit environmental dimension. I then conduct an empirical analysis of the diversity of contemporary capitalism including the social relation to the environment for a sample of thirty-seven OECD and BRICS countries. Five kinds of capitalism are identified: the Northern-continental European, the Southern-central European, the Anglo-Saxon and Pacific, the Emerging Countries and the Two Giants. A main result is the correspondence between ecology-prone social relations to the environment, labour oriented capital-labour relations and welfare-oriented states. However, the results show that countries that are the most ecology-prone are also the ones that have the most relocated their environmental impact, an observation consistent with the critical literature on the Environmental Kuznets Curve.
    Keywords: Society-environment relation; Capitalism; Mode of regulation; Institution; Environmental policy; Ecological macroeconomics
    Date: 2019
  16. By: Kartik Misra (Department of Economics, University of Massachusetts Amherst)
    Abstract: By providing 100 days of guaranteed employment to every rural household, the National Rural Employment Guarantee Act (NREGA) can challenge the hegemony of the landed elite as major employers in the Indian countryside and raise market wages which have long been depressed. This paper shows that the impact of NREGA is conditioned and complicated by historical inequalities in agricultural landownership which have persisted since the colonial period. I find that in the lean season of agriculture, the program is highly successful in raising wages and generating more public employment in districts that were not characterized by historically high levels of socio-economic inequality. In these districts, the increase in public employment crowds-out labor primarily from domestic work, reflected in increased women’s participation in the program. However, high inequality in landownership adversely impacts the bargaining power of workers and the enforcement of their entitlements under NREGA. This is most evident when I examine the impact of NREGA on rural wages. I find that in districts where land is concentrated in the hands of relatively few large landowners, private agricultural wages declined despite NREGA, whereas they remain largely unchanged in districts that have more equitable land distribution. These findings are consistent with the hypothesis that NREGA has not become a credible alternative to private employment in regions with high land inequality.
    Keywords: India; NREGA; historical institutions; wage bargaining; monopsonistic labor markets
    JEL: O12 I38 J42 J43 P48
    Date: 2019
  17. By: Aspiazu, Eliana
    Abstract: En un contexto donde la creciente participación laboral y sindical de las mujeres coexiste con múltiples situaciones de inequidad y discriminación, este artículo busca identificar el grado de reconocimiento y comprensión por parte de la dirigencia sindical argentina sobre las desigualdades de género, analizando aspectos culturales y subjetivos de la problemática. Para ello, se utiliza la metodología cualitativa de estudio de casos en dos sindicatos de la salud, por ser una de las actividades más feminizadas donde la proporción de mujeres no se ve reflejada ni en la representación sindical ni en las políticas gremiales.
    Keywords: Igualdad de Oportunidades; Brecha de Género; Mujeres; Sindicalismo; Salud;
    Date: 2019
  18. By: Stöhr, Annika; Budzinski, Oliver
    Abstract: Die sogenannte Ministererlaubnis als Teil der deutschen Fusionskontrolle repräsentiert wahrscheinlich das umstrittenste Instrument sowohl in der juristischen als auch in der ökonomischen Fachdiskussion. Vereinfachend ausgedrückt ermöglicht die Ministererlaubnis dem Bundeswirtschaftsminister, ein Zusammenschlussverbot des Bundeskartellamtes aufgrund von erwarteten positiven Gemeinwohleffekten aufzuheben. Zu den Kritikpunkten zählt dabei, dass die tatsächlichen Erlaubnisentscheidungen weniger durch Gemeinwohlerwägungen zu begründen seien als vielmehr durch politökonomische Interessen bzw. erfolgreiche Lobbyaktivitäten. Zwar können wir im vorliegenden Beitrag nicht die tatsächlichen Motivationen der Erlaubnisentscheidungen nachweisen, aber wir können mit Hilfe von Ex-Post-Analysen zeigen, dass sich nur in einem geringen Teil der Erlaubnisfälle die Gründe, welche zur Erlaubnis führten, ex-post empirisch bestätigt haben und auch auf die Fusion zurückzuführen sind. Damit kann die Ministererlaubnis in ihrer gegenwärtigen Form nicht als effektives Instrument einer gemeinwohlorientierten Korrektur von Fusionskontrollentscheidungen eingestuft werden.
    Keywords: Ministererlaubnis,Wettbewerbspolitik,Zusammenschlusskontrolle,Mergers & Acquisitions,Wettbewerbsökonomik,Antitrust,Ex-Post-Analysen,Recht & Ökonomik,Fusionskontrolle,Wettbewerbsordnung,Wirtschaftspolitik
    JEL: L40 K21 B52 L51
    Date: 2019
  19. By: Brodbeck, Karl-Heinz
    Abstract: Der Begriff "Arbeit" hat im Marx'schen Werk einen deutlichen Wandel vollzogen. In seiner Frühphilosophie verband Marx eine Aufhebung der Arbeit mit dem Übergang zu einer kommunistischen Gesellschaft. Mit der Ausarbeitung seines Hauptwerkes "Das Kapital" sagte er dagegen, dass Arbeit eine "ewige Naturbedingung" menschlicher Existenz sei, die nur ihre Form verändern könne. In seiner späteren Theorie der Arbeit findet sich zudem ein immanenter Widerspruch: Marx entgeht, dass sich der Begriff der Arbeit nicht von der Form der Vergesellschaftung durch die menschliche Sprache trennen lässt. Unter Rückgriff auf zeitgenössische Autoren von Marx können diese Versäumnisse der Theorie aufgedeckt und "Arbeit" neu interpretiert werden.
    Keywords: Marx'sche Frühschriften,geistige und körperliche Arbeit,Sprache und Gesellschaft,Arbeit und Technologie,Andrew Ure,Philosophie der Maschinerie
    JEL: B14 B24 J01
    Date: 2018
  20. By: Jolly, Suyash (Lund University); Grillitsch, Markus (Lund University); Hansen, Teis (Lund University)
    Abstract: Despite significant interest in regional industrial restructuring in economic geography, surprisingly scarce attention has been paid to the changing role of agency over time. The current paper develops a framework for understanding the role of multiple types of agents and the agency they exercise for new path development. The framework is employed in a longitudinal study of industry development in Värmland, Sweden, from forestry towards a bio-economy. The analysis highlights how actors exercise very different types of agency in different periods of path development.
    Keywords: Bio-economy; Värmland; agency; path development; longitudinal
    JEL: B52 L73 L78 O30 P48 Q50 R11
    Date: 2019–05–10
  21. By: Ötsch, Walter; Pühringer, Stephan
    Abstract: In diesem Beitrag diskutieren wir den Begriff des Marktfundamentalismus, der für uns Ludwik Fleck folgend auf dem einigenden Kollektivgedanken "des Marktes" im frühen "neoliberalen Denkkollektivs" nach Mirowski und Plehwe beruht. Unsere These ist, dass in jenem Denkkollektiv der Kollektivgedanke "des Marktes" enthalten ist, wir zeigen dies anhand grundlegender Werke von Ludwig von Mises, dem Begründer des Marktfundamentalismus, sowie führender Denker des Ordoliberalismus. In diesem Beitrag wollen wir (1) auf konzeptioneller Ebene zeigen, auf welche Weise das Konzept "des Marktes" als eine "Tiefenstruktur" im Denken unterschiedlicher ökonomischer TheoretikerInnen verstanden werden kann, und (2) andeuten, welchen Einfluss diese konzeptionelle Grundlage des ökonomischen Denkens auf konkrete Vorstellungen zur Organisation von politischen und gesellschaftlichen Prozessen hat.
    Keywords: Neoliberales Gedankenkollektiv,Ordoliberalismus,Marktfundamentalismus
    JEL: B13 B25 B53 Z13
    Date: 2018

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