nep-hpe New Economics Papers
on History and Philosophy of Economics
Issue of 2005‒11‒05
six papers chosen by
Andy Denis
City University

  1. Converging Paradigms for a Co-evolutionary Environmental Limit Discourse By Tom Dedeurwaerdere; Unai Pascual
  2. New approaches to ranking economics journals By Yolanda K. Kodrzycki; Pingkang David Yu
  3. Arthur Lewis' Contribution to Development Thinking and Policy By Gustav Ranis
  4. The Evolution of Development Thinking: Theory and Policy By Gustav Ranis
  5. Review of A History of the Federal Reserve. Volume 1 (2003) by Allan H. Meltzer By Michael D. Bordo
  6. "Deconstructing Postmodernism and the Mainstream Developmental Discourse of Women's Empowerment in the (South) Asian Context" By Haider A Khan

  1. By: Tom Dedeurwaerdere (Institute of Transpersonal Psychology, 1069 E. Meadow Circle Palo Alto, CA 94303, USA); Unai Pascual (Department of Land Economy, University of Cambridge, UK)
    Abstract: This paper argues that the static vision in ecological economics of a fundamental clash between a neo-classical self-interest perspective and limit discourse as de-ontological perspective is an ineffective route towards disseminating environmental values and consciousness. Following the Ego'n'Empathy idea as a fusion of both perspectives to refocus the paradigm of ecological economics, it is argued that this evolution may face intense resistance from entrenched positions. A conceptual exploration of the roots of such resistances is discussed and an alternative, but complimentary process that addresses the need for and process of a synthesis is proposed. As an exemplar of this argument, the Porter Hypothesis is discussed as a complimentary guiding framework of how ecological economics as an action oriented paradigm can increase its influence as a policy guide, in terms of achieving sustainable development within entrenched and confrontational policy contexts
    Keywords: Environmental policy, economic growth, Porter Hypothesis, altruism, evolutionary economics
    Date: 2005–06
  2. By: Yolanda K. Kodrzycki; Pingkang David Yu
    Abstract: This study develops a flexible, citations-adjusted ranking technique that allows a specified set of journals to be evaluated using a wide range of alternative criteria. As a result, the set of evaluated journals is not constrained to be identical to the set of evaluating journals. We also draw a critical distinction between the influence of a journal and the influence of a journal article, with the latter concept arguably being more relevant for potential contributors and those who evaluate research productivity. The list of top economics journals changes noticeably when one examines citations in the social science and policy literatures, and when one measures citations, either within or outside economics, on a per-article basis rather than in total. The changes in rankings are due to the relatively broad interest in applied microeconomics and economic development, to differences in the relative importance that different literatures assign to theoretical and empirical contributions, and to the lack of a systematic effect of journal size on average influence per article. As a related observation on interdisciplinary communications, we confirm other researchers’ conclusions that economics is more self-contained than almost any other social science discipline, while finding, nevertheless, that economics draws knowledge from a range of other disciplines.
    Keywords: Economics literature
    Date: 2005
  3. By: Gustav Ranis (Economic Growth Center, Yale University)
    Abstract: Arthur Lewis' seminal 1954 paper and its emphasis on dualism appeared at a time when neither the work of Keynes or Harrod-Domar nor the later neoclassical production function of Solow seemed relevant for developing countries. As a consequence, his model, rooted in the classical tradition, plus its many extensions, generated an extensive literature at the center of development theory. The approach also encountered increasingly strong criticism, some of the "red herring" variety, but some, spearheaded by neoclassical microeconomists like Rosenzweig, also raised serious challenges, focused especially on its labor market assumptions. This paper reviews this landscape and asks what theoretical or policy relevance the Lewis model retains for today's developing countries.
    Keywords: Development Theory, Dualism, Labor Markets
    JEL: O11
    Date: 2004–08
  4. By: Gustav Ranis (Economic Growth Center, Yale University)
    Abstract: This paper makes an effort to trace the course of development thinking and associated development policy over the past six decades. Section I focuses on the early Post-War Consensus, with theory focused on extensions of classical dualism theory and policy concentrating on creating the pre-conditions for development. Section II traces the increasing awareness of the role of prices, a diminishing reliance on the developmentalist state and an increased reliance on structural adjustment lending associated with IFI conditionality. Section III illuminates the search for "silver bullets" which can be identified as key to the achievement of success. Finally, Section IV presents the author's assessment of where we are now and where we will, or should be, heading in the effort to achieve the third world's basic development objectives.
    Keywords: Development Theory, Development Policy
    JEL: O11 O20
    Date: 2004–05
  5. By: Michael D. Bordo
    Abstract: In this essay I distill the seven major themes in A History of the Federal Reserve which covers the Federal Reserve's record from 1914 to 1951. I conclude with a critique.
    JEL: E58
    Date: 2005–10
  6. By: Haider A Khan (Department of Economics, University of Denver)
    Abstract: This paper starts with an initial gesture accepting the validity of many of the criticisms of modernity by some leading postmodern thinkers. From this initial position, it then evaluates the postmodernist positions themselves with regards to democracy, women's empowerment and justice by paying careful attention to the arguments of these leading postmodernists. It then develops a theory of deep democracy and radical subjectivity which can be used to deconstruct the rhetoric of international organizations on women's empowerment. However, shallow and self-serving as this rhetoric is, it nevertheless can lead to a limited improvement in women's status contrary to the claims of the conservatives. Furthermore, the theory can also be used to de/reconstruct the liberal and social democratic positions on women's empowerment. Such a deep democratic perspective in South Asia focuses attention on enhancing social capabilities through all means, but most importantly through the political self-activities of the multitude---- particularly the radical subjectivities and actions of the most oppressed women who can and will increasingly take leading roles in overcoming the rule of global capital.
    Date: 2005–10

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