nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2007‒06‒11
six papers chosen by
Karl Petrick
University of the West Indies

  1. Pricing and Profits Under Globalized Competition: A Post Keynesian Perspective on U.S. Economic Hegemony By William Milberg
  2. Do Surges in Less-Skilled Immigration Have Important Wage Effects? A Review of the U.S. Evidence By David R. Howell
  3. A Proposed Synthesis of Classical and Keynesian Growth By Anwar Shaikh
  4. Firm Growth: A Survey By A. Coad
  5. The New Social Science Imperialism and the Problem of Knowledge in Contemporary Economics By William Milberg
  6. On the methodology of management research By Rosanas, Josep M.

  1. By: William Milberg (New School for Social Research, New York, NY)
    Keywords: pricing; profits; globalization; competition; post keynesian; economic hegemony
    Date: 2007–02–03
  2. By: David R. Howell (Milano The New School for Management and Urban Policy, New York, NY)
    Keywords: immigration; wages; labor markets; labor supply
  3. By: Anwar Shaikh (New School for Social Research, New York, NY)
    Keywords: growth; keynesian; classical growth; keynesian growth
    Date: 2007–02–12
  4. By: A. Coad
    Abstract: We survey the phenomenon of the growth of firms drawing on literature from economics, management, and sociology. We begin with a review of empirical ‘stylised facts’ before discussing theoretical contributions. Firm growth is characterized by a predominant stochastic element, making it difficult to predict. Indeed, previous empirical research into the determinants of firm growth has had a limited success. We also observe that theoretical propositions concerning the growth of firms are often amiss. We conclude that progress in this area requires solid empirical work, perhaps making use of novel statistical techniques.
    Keywords: Firm Growth, Size Distribution, Growth Rates Distribution, Gibrat’s Law, Theory of the Firm, Diversification, ‘Stages of Growth’ models Length 73 pages
    JEL: L11 L25
    Date: 2007–05
  5. By: William Milberg (New School for Social Research, New York, NY)
    Keywords: imperialism; contemporary economics; knowledge
    Date: 2007–02–23
  6. By: Rosanas, Josep M. (IESE Business School)
    Abstract: Epistemology, methodology or philosophy of science, i.e., the foundations and validity of knowledge, have never been very popular subjects as applied to management research. Lately, though, the need for better theories and the methodological discussion underlying the creation of such theories appears to be receiving more attention. In this paper, I will review some basic underlying issues in the area by taking a look at to some of the classical authors. I will first analyze Hayek's view of methodological problems in economics and then apply his analysis to the development of management theory. Then, I'll elaborate on Elster's distinction between causal, functional and intentional explanations. Naïve methodological attitudes will be discussed in this context. I will use agency theory as an example of what should and should not be done. Finally, I'll examine the falsification criterion in management theory and discuss the role of mathematics in the development of theory.
    Keywords: epistemology; philosophy of science; methodology; management theory; foundations of management;
    Date: 2007–05–11

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