nep-hpe New Economics Papers
on History and Philosophy of Economics
Issue of 2009‒01‒31
four papers chosen by
Erik Thomson
University of Manitoba

  1. Economic Freedom and New Economic Paradigm By Veselin Vukotic
  2. Innovation Studies – the emerging structure of a new scientific field By Jan Fagerberg; Bart Verspagen
  3. Human Capital: an Institutional Economics point of view By Germana Bottone
  4. Equity and Justice in Global Warming Policy By Kverndokk, Snorre; Rose , Adam

  1. By: Veselin Vukotic (Faculty for International Economics, Finance and Business, UDG, Podgorica; Institute for Strategic Studies and Prognosis, Podgorica; Institute of Social Sciences, Belgrade)
    Abstract: Are economic freedoms going to clear our way to prosperity? Is the growth of economic freedoms our path to prosperity? Is it in the base of the new understanding of development? If yes, what will necessarily have to be changed in the economic practice of every country and whole world in general? What will be changed in economic theory? What are potential consequences of an attempt to offer resistance to the new concept of development? These are just some of the questions discussed in this paper,whereas the starting point is the economy and economic development of Montenegro.
    Keywords: Economic Freedom, Economic Paradigm, Global economy, National state
    JEL: F02 O43 B52
    Date: 2008–02
  2. By: Jan Fagerberg (Centre for Technology, Innovation and Culture, University of Oslo); Bart Verspagen (Centre for Technology, Innovation and Culture, University of Oslo)
    Abstract: The scholarly literature on innovation was for a long time not very voluminous. But as shown in the paper, this is now rapidly changing. New journals, professional associations and organizational units within universities focusing on innovation have also been formed. This paper explores the cognitive and organizational characteristics of this emerging field of social science and considers its prospects and challenges. The research reported in this paper is based on a web-survey in which more than one thousand scholars worldwide took part.
    Date: 2009–01
  3. By: Germana Bottone (ISAE)
    Abstract: Human capital is usually defined as “The aggregation of investments, such as education and on the job training that improves the individual’s productivity in the labour market”. The initial definition did not take into account some central aspects of “human capital”, owing to a supposed analogy with physical capital. But even though, from an economic point of view, there are some similarities, human beings are more complex than automatic machines. More recently, it has been attempted to articulate a more extensive definition of “human capital” by considering all the attributes embodied in individuals relevant to economic activity”. Nevertheless, the evolution of human capital definition is in some way restricted to its economic meaning, neglecting the intrinsic complexity of the concept that demands an in-depth re-examination of its social and cultural value. In order to achieve deeper understanding of the multiplicity of aspects making up human capital, we are going to make use of the main concepts of institutional and evolutionary economics..
    Keywords: Human capital, Institutional Economics, lifelong learning, Institutional quality
    JEL: J24 J31
    Date: 2008–12
  4. By: Kverndokk, Snorre (Ragnar Frisch Centre for Economic Research); Rose , Adam (Energy Institute and School of Policy, Planning, and Development)
    Abstract: Many countries are implementing or at least considering policies to counter increasingly certain negative impacts from climate change. An increasing amount of research has been devoted to the analysis of the costs of climate change and its mitigation, as well as to the design of policies, such as the international Kyoto Protocol, post-Kyoto negotiations, regional initiatives, and unilateral actions. Although most studies on climate change policies in economics have considered efficiency aspects, there is a growing literature on equity and justice. Climate change policy has important dimensions of distributive justice, both within and across generations, but in this paper we survey only studies on the intragenerational aspect, i.e.., within a generation. We cover several domains including the international, regional, national, sectoral and inter-personal, and examine aspects such as the distribution of burdens from climate change, climate change policy negotiations in general, implementation of climate agreements using tradable emission permits, and the uncertainty of alternatives to emission reductions.
    Keywords: Economics of climate change; intragenerational equity; distributive justice
    JEL: D62 D63 H23 H41 Q00
    Date: 2008–09–25

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