nep-hpe New Economics Papers
on History and Philosophy of Economics
Issue of 2006‒05‒13
seven papers chosen by
Erik Thomson
University of Chicago

  1. The otherworldly view of economics - and its consequences. By Petersen, Verner C.
  2. The debates on Rignano's inheritance tax proposal. By Guido Erreygers; Giovanni Di Bartolomeo
  3. Neopatrimonialism Revisited - Beyond a Catch-All Concept By Gero Erdmann; Ulf Engel
  4. Institutions and Development: What We (Think We) Know, What We Would Like to Know By Paul G. Hare; Junior R. Davis
  5. Is Longer, Faster, Stronger, Smarter Life also the Happier? Reflections on Slower Sustainable and More Inclusive Life Experience By Gupta Anil K
  6. One World Money, Then and Now By Michael Bordo; Harold James
  7. `Commerciality' in International Commercial Arbitration By Agarwal Anurag K; Jain D. Harsh

  1. By: Petersen, Verner C. (Department of Organisation and Management, Aarhus School of Business)
    Abstract: No abstract
    Keywords: No keywords;
    Date: 2005–12–01
  2. By: Guido Erreygers; Giovanni Di Bartolomeo
    Abstract: In the inheritance tax debates of the 1920s the proposals formulated by the Italian philosopher Eugenio Rignano occupied a prominent position. Since then, his contribution has been largely, although not completely, forgotten. This paper reviews the Rignano’s ideas by focusing upon its origins and upon the reactions to Rignano’s proposal in the 1920s, both in Italy and elsewhere.
    Keywords: inheritance tax debates, economic thought, Rignano’s proposal..
    JEL: B31 B51 H21 H24 H63
    Date: 2005–07
  3. By: Gero Erdmann (GIGA Institute of African Affairs); Ulf Engel (Institute of African Studies and Centre for Advanced Study,University of Leipzig)
    Abstract: The article provides a critical discussion of the literature on “patrimonialism” and “neopatrimonialism” as far as the use in Development Studies in general or African Studies in particular is concerned. To overcome the catch-all use of the concept the authors present their own definition of “neopatrimonialism” based on Max Weber’s concept of patrimonialism and legal-rational bureaucracy. However, in order to make the concept more useful for comparative empirical research, they argue, it needs a thorough operationalisation (qualitatively and quantitatively) and the creation of possible subtypes which, in combination, might contribute to a theory of neopatrimonial action.
    Keywords: Neopatrimonialism, patrimonial and legal-rational bureaucratic domination,hybrid regimes, rent seeking.
    Date: 2006–02
  4. By: Paul G. Hare; Junior R. Davis
    Abstract: This paper takes the form of an extended literature review, outlining the key ideas that will need to be developed further in the course of the IPPG Research Programme. After an extended introduction, the next two sections are conceptual, the former elucidating key concepts and definitions, the latter examining various approaches to the analysis of institutions relevant for economic growth. Then the paper reviews much of the available evidence linking institutions and growth and covers in some detail the evidence regarding economic institutions, confirming that institutions matter. However, the findings from different studies are far from consistent in terms of identifying exactly what it is that matters. Given the prevalence of weak or poorly functioning states amongst the poorest countries of the world, the paper also reviews literature on the political aspects of development, particularly in relation to the role of institutions. Likewise, the paper selectively illustrates the ideas of earlier sections through the discussion of two topics: trade policy and the institutions needed for it to work well; and institutions that make for a good business environment. The final section outlines some preliminary working hypotheses about institutions and development. While emphasising pro-poor growth throughout, the paper finds that growth itself is a fundamental, necessary condition for achieving pro-poor growth. Given that, a serious analysis of institutions and growth must pay attention to the need for institutions that foster and promote profit-seeking accumulation (without which little sustained growth is likely to occur).
    Keywords: institutions, pro-poor growth, weak states, cultural issues, institutional matrix, investment and accumulation
    JEL: O17
    Date: 2006
  5. By: Gupta Anil K
    Abstract: Worldwide concern with advances in life extension and enhancement technologies has brought together scientists, corporate managers and ethicists together in the world Forum on Tomorrow's People, Oxford University to debate the pros and cons of the current path. My contention in this paper is to suggest a reflection on an excessively technocratic approach to life enhancement and extension. A meaningful life is not just an individual life. It is embedded in social networks and collective consciousness. Focus on extension technologies for individuals distracts attention from the networks. Undoubtedly, caring institutions for the elderly are needed because lot of countries are having aged population. Perhaps in our anxiety to remain youthful forever, we have created a dilemma before the scientists and technologists who also are confronted with the problems of children, youth and physically challenged people. I discuss six key dilemma in the paper viz., (a) Why elongate the suffering? (b) Should an elderly person, on the brink of the death be given another chance, even if probability of survival is low or should the resources go for a child needing support for future? (c) Whose decision matters? (d) Whose rights matter more? (e) How to measure suffering? and (f) Who is smarter, stronger and stable?
    Date: 2006–04–24
  6. By: Michael Bordo; Harold James
    Abstract: The case for monetary simplification and unification has been made since the middle of the nineteenth century. It rests on four principal arguments ;reduced transaction costs; establishing credibility; preventing bad policy in other states; political integration via money. In this paper we argue that the case for monetary integration is becoming increasingly less persuasive. In making our case we posit a different concept of money to the one that underlay the nineteenth century discussions which we term "Newtonian" since it was based on the assumption of a single reference external to the state reflected in the definition of value in terms of precious metals. In the twentieth century, views of money have shifted to a more " Einsteinian" or relativistic conception. Measures of value that move relative to each other are helpful in terms of dealing with large shifts in relative prices that affect different countries very differently. In the current age of globalization, "Einsteinian" money is capable of accommodating shifts that were politically destructive in the " Newtonian" world.
    JEL: N20 F33 E42
    Date: 2006–05
  7. By: Agarwal Anurag K; Jain D. Harsh
    Abstract: Enterprises, the world over, now conduct business on a dramatically more international scale. The growth of world economies is directly connected with millions of commercial contracts, which are becoming more international in character owing to global integration. Commercial arbitration has been hailed as the most efficient form of dispute settlement available to participants in international trade. As the purpose of the commercial arbitration is to resolve commercial disputes, often issues have been raised whether a particular dispute is commercial or not. With globalisation and seamless trade the aspirations of global business community, it would be of immense importance to understand the meaning of ‘commercial’ as construed in ‘international commercial arbitration’ in some of the major jurisdictions of the world.
    Keywords: Arbitration, Commercial, Liberal Construction, Model Law, New York Convention
    Date: 2006–04–28

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