nep-hpe New Economics Papers
on History and Philosophy of Economics
Issue of 2008‒04‒04
four papers chosen by
Erik Thomson
University of Chicago

  1. The theory of implementation : what did we learn? By Luis C. Corchon
  2. Social Decision Theory: Choosing within and between Groups By Fabio Maccheroni; Massimo Marinacci; Aldo Rustichini
  3. The new articulation of wages, rent and profit in cognitive capitalism By Carlo Vercellone
  4. Relationship Marketing: From Its Origins to the Current Streams of Research By Carlos Brito

  1. By: Luis C. Corchon
    Date: 2007–12
  2. By: Fabio Maccheroni; Massimo Marinacci; Aldo Rustichini
    Abstract: We introduce a theoretical framework in which to study interdependent preferences, where the outcome of others affects the preferences of the decision maker. The dependence may take place in two conceptually different ways, depending on how the decision maker evaluates what the others have. In the first he values his outcome and that of others on the basis of his own utility. In the second, he ranks outcomes according to a social value function. These two different views of the interdependence have separate axiomatic foundations. We then characterize preferences according to the relative importance assigned to social gains and losses, or in other words to pride and envy. Finally, we study a two period economy in which agents have our social preferences. We show how envy leads to conformism in consumption behavior and pride to diversity.
    Keywords: Social preferences, social economics.
    JEL: D81 E21
    Date: 2008
  3. By: Carlo Vercellone (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Panthéon-Sorbonne - Paris I)
    Abstract: In the transition toward a cognitive capitalism, the transformations of the social organisation of production are strictly connected to those of income distribution. This evolution is deeply characterised by the re-emerging of the rent under different forms. The aim of this article is to provide a marxist interpretation of these mutations and their social and economic implications. The analysis is organised in two sections. In the first section we are going to examine the definitions of the categories of wages, rent and profit, and claim that the lines separating rent from profit are flexible and mobile both theoretically and historically. To illustrate this point we rely on suggestions found in Marx's Capital volume III, where he drafts a theory of the becoming-rent of capital that provides new insights into the related theory of the general intellect. In the second section, we will provide a synthetic framework for the interpretation of transformations of the labour-capital relation that led simultaneously to an increase in the power of rent and the collapse of a distinction between rent and profit in the transition from industrial to cognitive capitalism.
    Keywords: Income distribution, Wage, Rent, Profit, General intellect, Cognitive capitalism
    Date: 2008–02–29
  4. By: Carlos Brito (Faculdade de Economia da Universidade do Porto, Portugal)
    Abstract: As companies increasingly recognize the importance of interaction with customers, relationship marketing is assuming a central place in both marketing theory and practice. The purpose of this working paper is to offer a general overview of the roots of relationship marketing as well as of its conceptual background. In this regard, two important streams of research are examined and discussed – the Nordic School and the IMP Group – along with the contribution of the Anglo-Australian School and the relationship approach to branding.
    Keywords: relationship marketing, transaction marketing, services, business-to-business marketing, distribution channels, branding
    JEL: M31
    Date: 2008–03

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