nep-hme New Economics Papers
on Heterodox Microeconomics
Issue of 2023‒11‒06
nine papers chosen by
Carlo D’Ippoliti, Università degli Studi di Roma “La Sapienza”

  1. Folk economics and folk ethics as problems of moral reasoning: Ordonomic inspirations for business ethics By Pies, Ingo
  2. Oskar Lange’s Economics and the Socialist Economy By Marques Gomes, Luiz Henrique
  3. Folk Economics und Folk Ethics als moralisches Problem: Ordonomische Anregungen zur Business Ethics By Pies, Ingo
  4. Anregungen für die Wirtschaftsphilosophie By Pies, Ingo
  5. Unconventional Environmental Theories in the Face of Climate Change and Biodiversity Loss: Re-examination of Deep Ecology, VHEMT, and Primitivism By La, Viet-Phuong; Nguyen, Minh-Hoang; Vuong, Quan-Hoang
  6. Distribucion, demanda y desarrollo. Fundamentos sociales para el analisis del crecimiento economico. By Pablo Marmissolle
  7. Green macrofinancial regimes By Gabor, Daniela; Braun, Benjamin
  8. Social Movements and Transnational Change: The Case of Feminism at the United Nations By Serena Fiorletta
  9. Uncertainty and Climate Change: The IPCC approach vs Decision Theory By Anastasios Xepapadeas

  1. By: Pies, Ingo
    Abstract: Folk economics' is the economic 'theory' of common sense, and analogously 'folk ethics' is the moral 'theory' of common sense. Typical of 'folk-economic beliefs' are erroneous causal attributions. Typical of 'folk-ethical beliefs' are utopian or dysfunctional criteria for moral judgments. The main proposition of this article is that these two sources of positive and normative disorientation should be made an object of research in business ethics in order to scientifically work on the hitherto neglected area of unjustified moral critiques of the market economy - in addition and complementation to the important area of justified moral critiques of the market economy. In support of this proposition, practical syllogisms are used to show that the scientific critique and correction of 'folk-economic beliefs' requires a slightly different approach than the scientific critique and correction of 'folk-ethical beliefs'.
    Keywords: Business Ethics, Folk-economic Beliefs, Folk-ethical Beliefs, Practical Syllogism, Praktischer Syllogismus
    JEL: A12 A13 B41 B52 L51
    Date: 2023
  2. By: Marques Gomes, Luiz Henrique
    Abstract: Oskar Lange is generally known about his contribution in the debate on the feasibility of rational economic calculation under socialism. Although he is recognized as the theoretical "winner" of this debate, his contributions to economics extend over a wide range of topics and involve issues such as the economic organization of a society in transition to socialism, the relevance or not of econometrics, the meaning of Say's law and the use of cybernetics for economic planning. There are two points that are fundamental in Lange’s work, namely: (i) the economic viability of the socialist mode of production and (ii) the economics of the transition to socialism. The objective of the present article is to investigate Lange’s contributions in regard of these two points: the economic viability of socialism and the economics of the transition to socialism.
    Keywords: Oskar Lange, Socialism, Economic Planning, Law of Value, Market Socialism.
    JEL: B24
    Date: 2022–01
  3. By: Pies, Ingo
    Abstract: Folk Economics' ist die Wirtschafts-'Theorie' und analog ist 'Folk Ethics' die Moral-"Theorie" des gesundes Menschenverstandes. Typisch für 'folk-economic beliefs' sind fehlerhafte Kausalattributionen. Typisch für 'folk-ethical beliefs' sind utopische oder dysfunktionale Bewertungsmaßstäbe. Die Hauptthese dieses Aufsatzes besagt, dass diese beiden Quellen positiver und normativer Desorientierung zu einem Forschungsobjekt der Business Ethics gemacht werden sollten, um - neben dem wichtigen Bereich gerechtfertigter Moralkritik an der Wirtschaft - auch den bislang vernachlässigten Bereich einer ungerechtfertigten Moralkritik an der Marktwirtschaft wissenschaftlich zu bearbeiten. Zur Unterstützung dieser These wird anhand praktischer Syllogismen gezeigt, dass die wissenschaftliche Kritik und Korrektur von 'folk-economic beliefs' eine etwas andere Vorgehensweise erfordert als die wissenschaftliche Kritik und Korrektur von 'folk-ethical beliefs'.
    Keywords: Business Ethics, Folk-economic Beliefs, Folk-ethical Beliefs, Praktischer Syllogismus, Practical Syllogism
    JEL: A12 A13 B41 B52 L51
    Date: 2023
  4. By: Pies, Ingo
    Abstract: Dieser Kurztext skizziert zwei Ideen und eine Empfehlung, die als Anregungen für die Wirtschaftsphilosophie und ihre programmatische (Re-)Vitalisierung dienen mögen.
    Keywords: Wirtschaftsphilosophie, Moralparadoxon der Moderne, Konsilienz, Homo Oeconomicus, Economic Philosophy, Moral Paradox of Modernity, Consilience, Homo Economicus
    Date: 2023
  5. By: La, Viet-Phuong; Nguyen, Minh-Hoang; Vuong, Quan-Hoang
    Abstract: Deep Ecology, the Voluntary Human Extinction Movement (VHEMT), and Anti-Civilization Primitivism have frequently been labeled as radical environmental ideologies, owing to their relationship with activities conducted by environmental extremists. Nonetheless, given the serious concerns faced by climate change and biodiversity loss, it is critical to engage with a broad range of perspectives and techniques. Such participation allows us to have access to a greater range of perspectives and a more diverse pool of knowledge, boosting our capacity for creative problem-solving. The purpose of this essay is to reconsider the underlying concepts and principles that drive these theories, as well as to assess their relevance in tackling modern environmental issues. We think that Deep Ecology, the Voluntary Human Extinction Movement (VHEMT), and Anti-Civilization Primitivism should be called "unconventional" or "distinctive" rather than "radical, " because they primarily focus on the ontological perspective but do not urge extreme acts. Meanwhile, their distinctiveness helps increase public awareness about environmental issues and promote reflection on and rethinking of the ontological link between mankind and the natural world.
    Date: 2023–10–12
  6. By: Pablo Marmissolle (Universitat de Valencia - Universidad de la Republica)
    Abstract: En este documento se discute el individualismo metodologico y la “necesidad†de microfundamentos para la teoria economica. Se argumenta que la busqueda constante de microfundamentos ha llevado a gran parte de la ciencia economica a ignorar la complejidad de las interacciones sociales, la importancia de los procesos historicos y las caracteristicas de cada sociedad para comprender cuestiones como el crecimiento y el desarrollo economico. Se sugiere una alternativa a los microfundamentos, especialmente relevante para el estudio de los procesos de desarrollo economico: los fundamentos sociales. Se propone enmarcar la visión post-keynesiana de demand-led growth y distribution-led growth en el marco conceptual de desarrollo socioeconomico de Szirmai (2012), como una forma valida -consistente con los fundamentos sociales- de aproximarse a la comprensión de un fenomeno tan complejo y multicausal como es el desarrollo.
    Keywords: Individualismo metodologico, microfundamentos, desarrollo economico
    JEL: E12 B40 B50 O11
    Date: 2023–10
  7. By: Gabor, Daniela; Braun, Benjamin
    Abstract: Debates about climate policy have neglected the question of macrofinancial pathways to decarbonisation, not all of which are politically and environmentally viable. We propose a theory of macrofinancial regimes, understood as combinations of monetary, fiscal, and financial institutions that shape the creation and allocation of credit/money, and hence the speed and nature of the green transition. Examining recent green industrial policy initiatives, we distinguish between a weak derisking state that tweaks the risk-return profile on infrastructure assets, and a robust derisking state that intervenes directly in the organisation of production by subsidizing capital expenditure in cleantech manufacturing. Although the derisking state is hegemonic today, coordination problems and regressive distributional consequences render this regime unstable. This instability may tip societies into carbon shock therapy, or it may give rise to a big green state, capable of planning and implementing a just green transition through non-market means of coordination.
    Date: 2023–10–05
  8. By: Serena Fiorletta (Department of Social Sciences and Economics, Sapienza University of Rome)
    Abstract: Social movement studies have devoted space to the women's and feminist movement since the 1970s, especially in its national declinations and regarding what was happening in Europe and the United States. Through the feminist sociologists that have defined a transnational perspective comprehended as an empirical and theoretical field, we have a reinterpretation of feminist movements, their past and new theoretical perspectives valuable to the entire field of inquiry. Focusing on a specific form of transnational feminism, which arose during the Conferences on Women organized by the United Nations, we can observe how certain classical theoretical assumptions applied to the phenomenon are questioned through its temporal and spatial dimensions, broadening the gaze and the possibilities of interpretation. The temporal dimension, punctuated by the collective actions of protest, did not allow us to see the continuity over time of feminism through its “abeyance structures” and a composite “social movement community” that brought into actors not foreseen by traditional theories of reference. In this way, we can redefine the temporality and quality of feminist action, allowing for a reorientation of the protest cycle theory. Instead, the transnational dimension, which becomes political practice and theoretical gaze, shows us feminisms in places other than those defined by the West. Indeed, spatiality shifts, showing the emergence of one of the first forms of intersectionality acted and theorized by women from the Global South. At the same time, crucial is the analysis of the role played by international institutions, such as the United Nations, which provided a political opportunity that enabled the emergence of transnational ideas and practices.
    Keywords: social movements, transnational feminism, intersectionality, United Nations
    JEL: D70 D71 D85 L31
    Date: 2023–05
  9. By: Anastasios Xepapadeas
    Abstract: One of the most important challenges in the study of climate change and its interactions with the economy is uncertainty. The present paper looks at this uncertainty from two different points of view. The first is the way that IPCC deals with uncertainty at its report and the way that uncertainty is communicated. The IPCC approach is implemented by a combination of qualitative and qualitative methods and the use of heuristics. IPCC studies climate change its evolution and its impact in a context, which in terms of decision making approach is akin to analysis under risk. The second is the point of view of the part of decision theory that deals with uncertainty in the Knightian sense and more specially with uncertainty which is manifested in multiple probabilistic models or priors. The presence of multiple priors is associated with ambiguity aversion and misspecification concerns that necessitate the use of maxmin optimizing approaches. The IPCC and the decision theory approaches are briefly reviewed and compared seeking ways to accommodate the concept of risky parameters or impacts of the IPCC framework, to the framework of optimization under uncertainty under multiple probabilistic models.
    Keywords: Climate change, IPCC, risk, uncertainty, misspecification, ambiguity aversion
    JEL: Q54 D81
    Date: 2023–08–24

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