nep-hpe New Economics Papers
on History and Philosophy of Economics
Issue of 2005‒03‒20
three papers chosen by
Andy Denis
City University

  1. Methods of Evaluating University Research Around the World By Aled ab Iorwerth
  2. Financial Markets and the Real Economy By John Cochrane
  3. To Know is to Be: Three Perspectives on the Codification of Knowledge By Mike Bartholomaei

  1. By: Aled ab Iorwerth
    Abstract: This paper looks at the increasing trend around the world to evaluate the quantity and quality of universities’ research output. Evaluations can provide a useful role in clarifying the performance of university research, and give incentives to increase research output and quality because of increased competition between institutions. Methods of evaluating university research output deployed across countries are discussed. <P> Il y a une tendance croissante dans le monde à évaluer la quantité et la qualité de la recherche universitaire. Les évaluations clarifient la performance des universités, et peuvent fournir des incitations à augmenter la qualité et la quantité de la recherche en augmentant la concurrence entre les institutions. L’auteur examine les différentes approches couramment utilisées dans le monde pour évaluer la recherche universitaire.
  2. By: John Cochrane
    Abstract: I survey work on the intersection between macroeconomics and finance. The challenge is to find the right measure of marginal utility of wealth, or "bad times" so that we can understand average return premia distilled in finance "factors" as compensation for assets' tendency to pay off badly in "bad times." I survey the equity premium, consumption-based models, general equilibrium models, and labor income/idiosyncratic risk approaches to this question.
    JEL: G1 E3
    Date: 2005–03
  3. By: Mike Bartholomaei (SPRU, University of Sussex)
    Abstract: This paper presents three perspectives on the codification of knowledge. These perspectives are formed by recent contributions in the fields of economics, business and management studies and of a group of writers who have a ‘relational’ perspective from the field of organisational behaviour. A comparison of these differing views highlights not only epistemological boundaries between different approaches but can also lead to the novel approach to studying knowledge codification presented in this paper. This approach is based on the knowledge topography of Cowan et al. (2000). This paper also develops a research approach for examining the situated intricacies of knowledge sharing in group activities as a means for identifying opportunities for knowledge codification in settings where, so far, only tacit knowledge has been seen as the major focus. Such research may enable us to bridge the dichotomy of explicit versus tacit knowledge and the three perspectives on knowledge codification presented. Moreover, in-depth case studies on the possibilities for knowledge codification can advance both the academic and practical debate. (Cowan, R., David, P.A. and Foray, D. (2000) ‘The explicit economics of knowledge codification and tacitness’, Industrial and Corporate Change, 9(2), 211-254.)
    Keywords: Knowledge Codification, Knowledge Perspectives, Situated Study
    JEL: O3 D8
    Date: 2005–03–09

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