nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2006‒10‒14
three papers chosen by
Karl Petrick
University of the West Indies

  1. Social Comparisons and Social Order: issues relating to a possible re-study of W. G. Runciman's "Relative Deprivation and Social Justice" By David Rose
  2. Evolutionary Economics and Psychology By Ulrich Witt
  3. Nano-fundamentos da macroeconomia: Keynes e o institucionalismo na Teoria Geral By Pessali, Huáscar

  1. By: David Rose (Institute for Social and Economic Research)
    Abstract: This paper reviews recent literature relating to relative deprivation, reference groups and social comparisons and discusses some ideas for qualitative research which might assist in determining how one might replicate Runciman’s Relative Deprivation and Social Justice (1966) in the early 21st century. What sorts of social comparisons do people now make and are their reference groups as restricted as they appeared to be forty years ago? Following a brief review of the theoretical background on the importance of social comparisons, some key issues relevant to a re-examination of reference groups and relative deprivation are examined. This is complemented by a brief review of recent literature. Finally, there is an outline of some qualitative research designed to sensitise us to the problems which might be involved in a re-study of Runciman’s seminal work and thus examines people’s ideas about social comparisons, reference groups and views on social inequalities.
    Date: 2006–09
  2. By: Ulrich Witt
    Abstract: Evolutionary economics is a paradigm for explaining the transformation of the economy. To achieve its goal, it needs being founded on a proper theory of economic behavior. The paper discusses these foundations. It is argued that the historical malleability of economic behavior is based on the interactions between innate behavior dispositions and adaptation mechanisms on the one hand and the limited, and always selective, cognitive and observational learning that contributes to an ever more extended and differentiated action knowledge. The implications of this interpretation are outlined in an exemplary fashion for the case of the evolution and growth of consumption. Length 29 pages
    Date: 2006–10
  3. By: Pessali, Huáscar
    Abstract: Chapter 12 of Keynes´ General Theory has concepts and analytical links with strong identification with the ones used by the so-called institutional approaches. This essay emphasises what seems to have been anticipated by Keynes on the research core of institutional economics, mainly based on his behavioural assumptions.
    Keywords: Keynes; keynesianismo; comportamento dos agentes; instituições; institucionalismo
    JEL: B25 B31 B52
    Date: 2006

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