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on Heterodox Microeconomics |
|
Issue of 2024‒02‒26
nineteen papers chosen by Carlo D’Ippoliti, Università degli Studi di Roma “La Sapienza” |
| By: | Davis, John B.; Boianovsky, Mauro; (Department of Economics Marquette University; Department of Economics Marquette University) |
| Abstract: | Douglass North was central to the emergence of New Institutional Economics. Less well known are his later writings where he became interested in complexity theory. He attended the second economics complexity conference at the Santa Fe Institute in 1996 on how the economy functions as a complex adaptive system, and in his 2005 Understanding the Process of Economic Change incorporated this thinking into his argument that market systems depend on how institutions evolve. North also emphasized in the 2005 book the role belief played in evolutionary processes, and drew on cognitive science, especially the famous ‘scaffolding’ idea of cognitive scientist Andy Clark – the idea that the brain and the world ‘collaborate’ to address our computational and informational needs. This chapter discusses how North’s thinking about institutions and change reflected these later investigations. It concludes with comments on his late thoughts about the problem of violence. |
| Keywords: | Douglass North, New Institutional Economics, complexity theory, cognitive science, scaffolding, Andy Clark, violence |
| JEL: | B20 B30 B41 B52 |
| Date: | 2024–01 |
| URL: | http://d.repec.org/n?u=RePEc:mrq:wpaper:2024-01&r=hme |
| By: | Christoph J. B\"orner; Ingo Hoffmann; John H. Stiebel |
| Abstract: | Models for spin systems known from statistical physics are used in econometrics in the form of agent-based models. Econophysics research in econometrics is increasingly developing general market models that describe exchange phenomena and use the chemical potential $\mu$ known from physics in the context of particle number changes. In statistical physics, equations of state are known for the chemical potential, which take into account the respective model framework and the corresponding state variables. A simple transfer of these equations of state to problems in econophysics appears difficult. To the best of our knowledge, the equation of state for the chemical potential is currently missing even for the simplest conceivable model of an ideal agent system. In this paper, this research gap is closed and the equation of state for the chemical potential is derived from the econophysical model assumptions of the ideal agent system. An interpretation of the equation of state leads to fundamental relationships that could also have been guessed, but are shown here by the theory. |
| Date: | 2024–01 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2401.09233&r=hme |
| By: | Khan, Haider |
| Abstract: | In order to examine the formation of socially embedded capabilities (SEC) in the ASEAN region, we undertake an in-depth comparative dive into the relevant data for selected countries with special emphasis on the Philippines. We consider various dimensions of inclusivity and assess both the achievements so far and the failures in not just gender inclusivity but also ethno-religious and regional inclusivity. Furthermore, data barriers notwithstanding, whenever possible, intersectionality of location, class, gender and ethnicity are also explored through an application of socially embedded intersectional capabilities approach (SEICA)---an extension of the capabilities approach of Sen. The ASEAN identity can be analyzed and constructed further in an ethically desirable direction by using this extended capabilities approach. The data-intensive approach followed in this paper confirms this theoretical hypothesis. |
| Keywords: | socially embedded intersectional capabilities (SEIC), women’s capabilities, human rights and development; an ontology of difference and moral realism; the ASEAN region; the Philippines; growth and distribution |
| JEL: | A12 O1 Z13 |
| Date: | 2024–01–21 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:119908&r=hme |
| By: | Ghanshyam Pandey (Faculty of Economics, University of South Bohemia In České Budějovice) |
| Abstract: | Cooperatives today are facing difficulties resulting from the disruption of the cooperative system and the global economic crisis. Instead of a vibrant cooperative sector, cooperatives in Nepal are facing increasing financial difficulties that threaten their survival as businesses. Therefore, a study was conducted in the sub-metropolitan town of Tulsipur in Dang district of Nepal to explore practical economic models and types of cooperatives, to use the concept of bio-economy as a great opportunity for rural development, and to find a way to mitigate these negative impacts to restore the sustainable functioning of rural cooperatives in Nepal. Twenty-one agricultural cooperatives were studied through key informant interviews, focus group discussions and semi-structured questionnaires using an interview schedule. Various parameters such as investment, net income, size, liquid assets, interest income, interest expenses and other financial characteristics were used to examine economic sustainability in relation to market linkages and membership strategy. The study broadens the understanding of the existing crisis of cooperatives and the economic sustainability of cooperatives as well as the search for options for their existence. The study also provides an avenue to explore the economic opportunities of agricultural cooperatives in Nepal. Identification of successful bio-economic practices, potential bottlenecks, cooperatives, facilitation of policy dialogues to explore new economic dynamics and enable improved governance and prosperity of local communities are highly recommended for the economic sustainability of agricultural cooperatives. |
| Keywords: | Agriculture Co-operative, Bio-economic model, Economic analysis, economic sustainability |
| JEL: | P13 J54 Q13 |
| Date: | 2024–01 |
| URL: | http://d.repec.org/n?u=RePEc:boh:wpaper:01_2024&r=hme |
| By: | CHINNOCK, Rylan; VENEZIANI, Roberto; YOSHIHARA, Naoki |
| Abstract: | In this paper we review recent developments in axiomatic studies of Marxian exploitation theory. First, given the acute controversy over the formal definition of exploitation during the 1970-1990s, we review the study of the axiomatic framework, which identifies some fundamental properties – technically, domain conditions – that any definition of exploitation should satisfy. Moreover, we provide a survey on the axiomatic studies about the proper measures of exploitation which coherently preserve the basic Marxian perceptions represented by two axioms, Profit-Exploitation Correspondence Principle and Class-Exploitation Correspondence Principle. Finally, we examine the relevance of the labour theory of value in these axiomatic studies of the proper measures of exploitation. |
| Keywords: | Axiomatic analysis, Labour Exploitation, Profit-Exploitation Correspondence Principle, Class-Exploitation Correspondence Principle, Labour Theory of Value |
| JEL: | D63 D51 |
| Date: | 2024–01 |
| URL: | http://d.repec.org/n?u=RePEc:hit:hituec:754&r=hme |
| By: | Guidorzzi Girotto, Vitor; Strachman, Eduardo |
| Abstract: | The relationship between money and credit is analyzed differently between schools of economic thought. Orthodoxy, in general, analyzes it using the commodity money approach; heterodoxy, in large part, adopts the Chartist approach. The crucial difference between them lies in the fact, as put by Schumpeter, that orthodoxy postulates a monetary theory of credit; the heterodox, a credit theory of money. For the latter, money is, by nature, credit, and it can take different forms, tangible or not. The State uses it sovereignty to delimit the monetary system by defining what will (or will not) be accepted as money in the payments of transactions due to itself. Thus, Knapp’s contribution in structuring a theory of state money meets Innes’s credit theory of money and, together, these contributions offer a solid theoretical and historical framework for the formulation of an alternative theory of money, the Chartist theory. |
| Keywords: | Money; Chartalism; Credit; Knapp; Innes. |
| JEL: | E12 E42 E51 |
| Date: | 2024–01–16 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:119866&r=hme |
| By: | Pushkar Maitra (Department of Economics, Monash University, Clayton Campus, VIC 3800 Australia); Ananta Neelim (Tasmanian School of Business and Economics, University of Tasmania, Hobart, Tasmania 7001, Australia) |
| Abstract: | In this chapter, we provide an account of the discrimination literature in economics and discuss two widely pursued policies to tackle discrimination in developing countries. We present a discussion of the main classical theories of discrimination: taste-based discrimination and statistical discrimination and extend our discussion to the new and developing literature on norm-based discrimination We briefly discuss the measurement approaches to discrimination and alternative policies to reduce it. We focus on two main policy prescriptions: increasing contact between adversarial groups (the contact hypothesis); and legislating diversity (through affirmative action policies including quotas). |
| Keywords: | Discrimination, Inter-group Contact, Gender, Minority-Majority, Experiments |
| JEL: | C9 D9 J1 J7 |
| Date: | 2024–02 |
| URL: | http://d.repec.org/n?u=RePEc:mos:moswps:2024-03&r=hme |
| By: | Andrea El Meligi (European Commission - JRC); Valeria Ferreira (Universitat Rovira i Virgili); Victor Nechifor (European Commission - JRC); Ole Boysen (European Commission - JRC); Emanuele Ferrari (European Commission - JRC) |
| Abstract: | A Social Accounting Matrix (SAM) is a comprehensive and economy-wide database that records data on all transactions taking place in an economy over a specific period, typically one year. The SAM serves two primary objectives. Firstly, it presents the economic structure and interrelationships among economic agents in the region under analyses. Secondly, it provides a database for analysing the economy's performance and simulating the effects of policy interventions through multisectoral linear models and computable general equilibrium (CGE) models. This report presents the 2015 SAM for Tanzania, offering a suitable database for implementing and evaluating the country's social and economic policies. The report outlines how to pass from a standard structure of the SAM to a detailed scheme by explaining all the accounts included, and covering key aspects of its construction and estimation. Considering the characteristics of the Tanzanian economy, this SAM shows a special structure to reflect the Home Production for Home Consumption (HPHC) issue and a high disaggregation of the agricultural sector. Furthermore, this SAM presents a high level of disaggregation by encompassing labour and household characteristics, considering regions, gender rural and urban areas, as well as income quintiles. The SAM is used as a database to perform a descriptive analysis of the Tanzanian economy. |
| Keywords: | social accounting matrix, input-output analysis, multipliers, regional studies, country report, jobs creation |
| JEL: | D10 D33 D57 E16 E20 N17 N37 N47 N57 N67 N77 O55 Q17 Q18 Q52 R15 |
| Date: | 2024–01 |
| URL: | http://d.repec.org/n?u=RePEc:ipt:eapoaf:202402&r=hme |
| By: | Ben Klemens |
| Abstract: | About two million U.S. corporations and partnerships are linked to each other and human investors by about 15 million owner-subsidiary links. Comparable social networks such as corporate board memberships and socially-built systems such as the network of Internet links are "small worlds, " meaning a network with a small diameter and link densities with a power-law distribution, but these properties had not yet been measured for the business entity network. This article shows that both inbound links and outbound links display a power-law distribution with a coefficient of concentration estimable to within a generally narrow confidence interval, overall, for subnetworks including only business entities, only for the great connected component of the network, and in subnetworks with edges associated with certain industries, for all years 2009-2021. In contrast to other networks with power-law distributed link densities, the network is mostly a tree, and has a diameter an order of magnitude larger than a small-world network with the same link distribution. The regularity of the power-law distribution indicates that its coefficient can be used as a new, well-defined macroeconomic metric for the concentration of capital flows in an economy. Economists might use it as a new measure of market concentration which is more comprehensive than measures based only on the few biggest firms. Comparing capital link concentrations across countries would facilitate modeling the relationship between business network characteristics and other macroeconomic indicators. |
| Date: | 2024–01 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2401.12118&r=hme |
| By: | Maxime Malafosse (LEST - Laboratoire d'Economie et de Sociologie du Travail - AMU - Aix Marseille Université - CNRS - Centre National de la Recherche Scientifique, CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon) |
| Abstract: | La blockchain et les communs sont deux concepts qui suscitent de plus en plus d'intérêt. Par des approches différentes, on prête à ces deux notions beaucoup d'espoir pour transformer notre société et répondre aux enjeux actuels de transition sociale et écologique. Pourtant peu de recherches les mettent en lien. D'autant plus que les travaux qui rapprochent la blockchain et les communs restent essentiellement théoriques. Nos recherches visent à mieux cerner comment la blockchain peut s'inscrire en support aux communs en situation réelle. Nous avons exploré plusieurs terrains qui incarnaient, de différentes manières, le rôle d'une technologie comme un outil au service d'une finalité collective. Nous avons commencé par observer la place centrale de la blockchain dans un dispositif sociotechnique de communs qui vise à produire et à autogérer la création monétaire (essai 1). Pour investir ce premier terrain de recherche, nous avons réalisé une étude de cas. Dans l'essai suivant, nous avons cherché à éclairer le rôle de la blockchain comme outil intégré dans un dispositif plus large d'expérimentation de communs de la donnée à l'échelle d'une ville (essai 2). Cette deuxième étude de cas a été mûrie par la réalisation d'une mission d'expertise de deux années dans un tiers lieu et s'est finalement focalisé sur le projet Européen DECODE. Enfin, notre dernier essai s'appuie sur les résultats du premier essai et permet d'approfondir comment la blockchain pourrait permettre de soutenir économiquement les communs puisqu'elle bouleverse les perspectives de la monnaie par la démocratisation de ses formes alternatives, la facilitation de sa création et la complexification de son design (essai 3). |
| Keywords: | gouvernance, blockchain, systèmes de registres distribués monnaie, monnaie libre, Ğ1, Duniter, monnaie complémentaire, dividende universel, création monétaire, DECODE, Barcelone, communs de la donnée, communs, Ostrom, production par les pairs sur la base des communs, Commons-Based Peer Production (CBPP) |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04111758&r=hme |
| By: | Dold, Malte; Krieger, Tim |
| Abstract: | For several decades, what has been called the "liberal cosmopolitan-minded urban elites" set the political agenda of Western democracies (Dold and Krieger 2019a). They aimed at personal freedom and upward social mobility by means of a meritocratic system that was safeguarded by a combination of a competitive market economy, a liberal and open democracy, and the rule of law (Fuest 2018). These elites welcomed the opening of the Iron Curtain as the "end point of mankind's ideological evolution and the universalization of Western liberal democracy" (Fukuyama 1989, 4). However, political realities have challenged this perspective severely in recent years (Dold and Krieger 2019a). Around the globe, but especially in the liberal Western market democracies - i.e., societies in which "markets and democracy have coexisted quite healthily" in the post-World War II era (Chua 2000, 289) - populist movements have gained prominence in public discourse and in some cases even won elections (e.g., in Hungary, the Netherlands, Italy, Poland, or Sweden). There is ongoing debate over the causes of the rise of populist movements in the early 21st century (Gidron and Hall 2017; Guiso et al. 2017; Inglehart and Norris 2017; Mudde and Kaltwasser 2017). While important, our chapter will touch upon this debate only in passing, though, and instead focus on the consequences of populism's rise; in particular, we will ask how to deal with the populist challenge to the liberal order. We do so in three steps, thereby referring to one specific liberal conception, ordoliberalism. Considering ordoliberalism is instructive because, on the one hand, it strives for a "functioning and humane order of the economy, society, law, and the state" (Eucken 1990 [1952], 373; our italics), which is a much broader idea of liberalism than pure economic liberalism. On the other hand, critics argue that ordoliberalism has failed on following up on its own agenda (Dold and Krieger 2019b and 2023). They believe that ordoliberalism is the culprit of various misguided developments since the Eurozone crisis of 2009, which then provided a breeding ground for populism (Algan et al. 2017; Dold and Krieger 2019a). In their view, this is also related to ordoliberalism's - alleged - preference of the rule of law and economic freedom over democratic decision-making. |
| Date: | 2024 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:wgspdp:281997&r=hme |
| By: | Margot Leclair (AMU - Aix Marseille Université, LEST - Laboratoire d'Economie et de Sociologie du Travail - AMU - Aix Marseille Université - CNRS - Centre National de la Recherche Scientifique, InCIAM - Institut de Créativité et d'Innovation d'Aix-Marseille Université); Cédric Dalmasso (CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris sciences et lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique) |
| Abstract: | Research on creative organizations often questions how artistic practices can be squared within the rational decision-making of economic thinking. This paper examines how the relational language, or conversation, between artistic and economic rationales unfolds for creative entrepreneurs. Through ethnographic work with a designer-entrepreneur, this paper presents a fine-grained analysis of the conversation the designer cultivates between artistic and economic rationales through work practices. We contribute to the literature about artistic and economic rationales at work, and more specifically to the concept of conversation. First, we show that high levels of conversing make way for low levels of conversing and vice versa. In the studio, the designer's engagement with either rationale varies as the creative process progresses. Second, on a more global dynamic, we demonstrate the conversation is continuous. It relies on its variations, which ensure the balance between rationales in the long run. We also contribute to the field of creative entrepreneurship research. We identify here one type of creative entrepreneur, with what we call a 'small is beautiful' attitude. Far from the mythical figure of the entrepreneur, this unconventional entrepreneur aims for sustainable use of creative resources rather than growth at all costs. |
| Keywords: | Creative industries creative entrepreneurship artistic economic conversation, Creative industries, creative entrepreneurship, artistic, economic, conversation |
| Date: | 2024–01–01 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04412755&r=hme |
| By: | Gómez Julián, José Mauricio |
| Abstract: | The long-term estimation of the Marxist average rate of profit does not adhere to a theoretically grounded standard regarding which economic activities should or should not be included for such purposes, which is relevant because methodological non-uniformity can be a significant source of overestimation or underestimation, generating a less accurate reflection of the capital accumulation dynamics. This research aims to provide a standard Marxist decision criterion regarding the inclusion and exclusion of economic activities for the calculation of the Marxist average profit rate for the case of United States economic sectors from 1960 to 2020, based on the Marxist definition of productive labor, its location in the circuit of capital, and its relationship with the production of surplus value. Using wavelet-transformed Daubechies filters with increased symmetry, empirical mode decomposition, Hodrick-Prescott filter embedded in unobserved components model, and a wide variety of unit root tests the internal theoretical consistency of the presented criteria is evaluated. Also, the objective consistency of the theory is evaluated by a dynamic factor auto-regressive model, Principal Component Analysis, Singular Value Decomposition and Backward Elimination with Linear and Generalized Linear Models. The results are consistent both theoretically and econometrically with the logic of Marx’s political economy. |
| Date: | 2024–02–01 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:seqbf&r=hme |
| By: | Andrea Monaco; Matteo Ghio; Adamaria Perrotta |
| Abstract: | We examine the statistical properties of a closed monetary economy with multi-aggregates interactions. Building upon Yakovenko's single-agent monetary model (Dragulescu and Yakovenko, 2000), we investigate the joint equilibrium distribution of aggregate size and wealth. By comparing theoretical and simulated data, we validate our findings and investigate the influence of both micro dynamics and macro characteristics of the system on the distribution. Additionally, we analyze the system's convergence towards equilibrium under various conditions. Our laboratory model may offer valuable insights into macroeconomic phenomena allowing to reproduce typical wealth distribution features observed in real economy. |
| Date: | 2024–01 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2401.09871&r=hme |
| By: | Baumann, Kilian |
| Abstract: | Wohnungsgenossenschaften haben gegenüber anderen Anbietern den Vorteil, dass die besondere Rolle ihrer Mitglieder die simultane Berücksichtigung von Bewohner- und Eigentümerinteressen ermöglicht. Da eine Priorisierung der Leistungserbringung (unmittelbarer MemberValue) gegenüber dem mittelbaren MemberValue (v.a. (Dividende)) wahrscheinlich ist, kann von der genossenschaftlichen Governance ein preisdämpfender Effekt für Wohnungen von vergleichbarer Qualität ausgehen. Im Rahmen einer hedonischen Preisanalyse wird gezeigt, dass von Wohnungsgenossenschaften tatsächlich ein direkt preisdämpfender Effekt ausgeht, der stärker als bei allen anderen Vermietergruppen ist. Ferner wird mit einem Wahrscheinlichkeitsmodell gezeigt, dass genossenschaftliche Wohnungen nur eine geringfügig einfachere Qualität aufweisen als gewerbliche Wohnungen, was vor allem mit peripheren Lagen und der Wohnungsausstattung zusammenhängt. Um den preisdämpfenden Effekt bestmöglich nutzen zu können ist es wichtig, dass sowohl politische Entscheidungsträger als auch die Mitglieder von Genossenschaften sich den Besonderheiten ihrer Governance bewusst sind. |
| Abstract: | In comparison to other suppliers, housing cooperatives may take advantage by considering the aims of residents and owners simultaneously due to the particular function of its members. Since this allows favoring services over dividend payments, a price decreasing effect of cooperative suppliers for dwellings having similar quality is expected. Estimating a hedonic one can show a price decreasing effect of cooperatives being stronger than the effects of all other groups of landlords. Furthermore using a likelihood model one can show that cooperative dwellings exhibit a quality slightly inferior to commercially supplied housing units. This mainly relates to periphery locations and the dwellings' endowments. In order to utilize price decreasing effects best it is considered important that politicians just as cooperative members are aware of the specifics of cooperative governance. |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:wwuifg:281772&r=hme |
| By: | Cantone, Giulio Giacomo |
| Abstract: | Interdisciplinary research is defined as a trait of those research activities that integrate different disciplinary traditions with the aim of reaching novel forms of knowledge that are beyond the reach of a singular discipline. From this theory, a plurality of methods has been developed to measure IDR of a body of research. These methods lead to mutually contradicting results. In this review, the most relevant measures of interdisciplinary research are compared under a unified framework articulated in three steps: identification of an available stylisation of bibliometric facts, elicitation of a formula, and definition of an estimator for the collective unit of analysis. In particular, it is discussed how the concept of integration can be measured when the unit of analysis is an atomic and static entity like a paper, as opposed to journals and authors, which are collective and dynamic agents. In the conclusive section, an isometric view is shown that combines different units of analysis and conceptualisations. A pluralistic yet pragmatic approach is advocated for the operational definition of interdisciplinarity. |
| Date: | 2024–02–07 |
| URL: | http://d.repec.org/n?u=RePEc:osf:metaar:hva4p&r=hme |
| By: | Thitithep Sitthiyot; Kanyarat Holasut |
| Abstract: | This study examines whether income distribution in Thailand has a property of scale invariance or self-similarity across years. By using the data on income shares by quintile and by decile of Thailand from 1988 to 2021, the results from 306-pairwise Kolmogorov-Smirnov tests indicate that income distribution in Thailand is statistically scale-invariant or self-similar across years with p-values ranging between 0.988 and 1.000. Based on these empirical findings, this study would like to propose that, in order to change income distribution in Thailand whose pattern had persisted for over three decades, the change itself cannot be gradual but has to be like a phase transition of substance in physics. |
| Date: | 2024–02 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2402.01141&r=hme |
| By: | Tony Berrada (University of Geneva - Geneva Finance Research Institute (GFRI); Swiss Finance Institute); Peter Bossaerts (University of Cambridge); Giuseppe Ugazio (University of Geneva - Geneva Finance Research Institute (GFRI)) |
| Abstract: | In 1955, Herbert Simon proposed that economic agents do not optimize, but instead satisfice: they optimize up to some point of satisfaction. But Simon did not provide a formal model. Here, we develop a formal theory of a satisficing investor and consequent financial market equilibrium borrowing a technique from robust control in engineering, namely, Model Reference Based Adaptive Control (MRAC). Instead of optimizing a portfolio in terms of, say, a mean-variance trade off, the MRAC agent chooses portfolios that generate return distributions that minimize surprise with respect to a desired reference distribution. Surprisingly, the satisficing agent mostly acts “as if” optimizing, but we discover important – and realistic – deviations, such as willingness to accept risk even in the absence of a risk premium. This also implies that asset pricing may at times differ substantially from traditional theory. We motivate our modeling approach not only by pointing to benefits of robustness (robust control), but also with reference to recent developments in behavioral economics and decision neuroscience. |
| Date: | 2024–01 |
| URL: | http://d.repec.org/n?u=RePEc:chf:rpseri:rp2405&r=hme |
| By: | Erturk-Mintcheva Aygun (Plovdiv University "Paisii Hilendarski"); Tchipev Plamen (Plovdiv University "Paisii Hilendarski", Economic Research Institute at BAS) |
| Abstract: | ПОЛИТИКИ НА „ПОБУТВАНЕ" – РЕШЕНИЯ ОТ ПОВЕДЕН-ЧЕСКИЯ ИКОНОМИКС В УСЛОВИЯ НА НАСЛАГВАЩИ СЕ КРИЗИ / "NUDGE" POLICIES - SOLUTIONS OF BEHAVIORAL ECONOMICS IN CONDITIONS OF OVERLAPPING CRISES Развиващите се негативни икономически и социални процеси - климатични промени, енергийна криза, висока инфлация, влошена демография, кризи в образованието, здравеопазването и пр. изискват адекватни решения от икономическата теория. Доминантната нео-класическа парадигма се фокусира основно върху решения за икономическата политика, но те биха могли да бъдат допълвани успешно с друг тип решения от алтернативните/хетеродоксални школи. Поведенческият икономикс, развива идеята за „политики на побутване" – като насърчаване на „зелено поведение", поощряване на енергийна ефективност и рециклиране, насърчаване на спестяване чрез даване на автоматични опции по подразбиране и системи на предварителна ангажираност, използване на социалното влияние в образователната среда. Настоящият доклад си поставя за задача да разгледа възможността за приложение на един потенциален набор от такива политики в условията на наслагващи се кризи в България. Ключови думи: |
| Abstract: | The growing negative economic and social processes - climate change, energy crisis, high inflation, worsening demographics, crises in education, health care, etc. require adequate solutions from economic theory. The dominant neo-classical paradigm focuses mainly on economic policy decisions, but these could be successfully complemented by other types of decisions from alternative/heterodox schools. Behavioral economics develops the idea of "nudge" policies – such as encouraging „green" behavior, stimulating energy efficiency and recycling, promoting savings by giving automatic defaults and pre-commitment systems, and using social influence in the educational environment. This paper aims to examine the possibility of applying a potential set of such policies in the conditions of overlapping crises in Bulgaria. Keywords: JEL: D23, D91, E71, G41, H39, F12 |
| Keywords: | Nudge, Behavior economics |
| Date: | 2022–11–21 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04383724&r=hme |