nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2009‒06‒10
five papers chosen by
Karl Petrick
University of the West Indies

  1. Evolutionary Policy By Jeroen C.J.M. van den Bergh; Giorgos Kallis
  2. Is Novelty always a good thing? Towards an Evolutionary Welfare Economics By Christian Schubert
  3. Inequality and Economic Development: An Overview By Oded Galor
  4. State-led or Market-led Green Revolution? Role of Private Irrigation Investment vis-a-vis Local Government Programs in West Bengal’s Farm Productivity Growth By Pranab Bardhan; Dilip Mookherjee; Neha Kumar
  5. Toolkit Putting on an Exhibition About Your Research By Hazel Burke

  1. By: Jeroen C.J.M. van den Bergh; Giorgos Kallis
    Abstract: We explore the idea of public policy from the perspective of evolutionary thinking. This involves paying attention to concepts like diversity, population, selection, innovation, coevolution, group selection, path-dependence and lock-in. We critically discuss the notion of evolutionary progress. The relevance of evolutionary dynamics is illustrated for policy and political change, technical change, sustainability transitions and regulation of consumer behaviour. A lack of attention for the development of evolutionary policy criteria and goals is identified and alternative choices are critically evaluated. Finally, evolutionary policy advice is compared with policy advice coming from neoclassical economics, public choice theory and theories of resilience and adaptive management. We argue that evolutionary thinking offers a distinct and useful perspective on public policy design and change.
    Keywords: Adaptive management, coevolution, escaping lock-in, evolutionary politics, evolutionary progress, innovation policy, optimal diversity, resilience, social-technical transition Length 43 pages
    Date: 2009–05
  2. By: Christian Schubert
    Abstract: Schumpeter’s and Hayek’s view of market coordination as being not about efficiency, but about endogenous change and never-ending discovery has been increasingly recognized even by the mainstream of economics. Underlying this view is the notion of creative learning agents who bring about novelty. We argue that apart from the challenges it poses for positive theorizing, novelty (be it technological, institutional or commercial) also has a complex normative dimension that standard welfare economics is unsuited to deal with. We show that welfare economics has to be reconstructed on the basis of evolutionary-naturalistic insights into the way human agents bring about, value and respond to novelty-induced change.
    Keywords: Novelty, Endogenous Change, Preference Formation, Welfare, Justice Length 28 pages
    JEL: D63 O12
    Date: 2009–05
  3. By: Oded Galor
    Abstract: This paper provides an overview of the modern perspective on the relationship between inequality and economic development.
    Keywords: Inequality; Growth; Development
    Date: 2009
  4. By: Pranab Bardhan (Department of Economics, University of California, Berkeley); Dilip Mookherjee (Department of Economics, Boston University); Neha Kumar (International Food Policy Research Institute, Washington DC)
    Abstract: This paper estimates respective roles of private investments in irrigation and local government programs (land reforms, extension services, and infrastructure investments) in the growth of farm productivity in West Bengal, India between 1981-95. Using a farm panel from a stratified random sample of farms from major agricultural districts of West Bengal, we find evidence that private investment in irrigation which reduced irrigation costs for farms played an important role in the growth process. However, the growth in private investment was itself stimulated by tenancy registration and minikit distribution programs implemented by local governments. This channel helps account for the substantial spillover effects of the tenancy reform on non-tenant farms noted in an earlier study. Hence the observed productivity growth was a result of complementarity between private investment incentives and state-led institutional reforms.
    Date: 2009–04
  5. By: Hazel Burke
    Abstract: This toolkit is designed to help one plan and hold an exhibition to disseminate ones research for a non-academic audience. It draws mainly on our experiences of organising an exhibition in connection with the Living Resemblances project in a community arts centre in Manchester in March 2008. [Real Life Methods, ESRC]
    Keywords: toolkit; exhibition; dissemination methods; Budget; Exhibition layout; Planning content; Writing content; Designing material; Publicity
    Date: 2009

This nep-pke issue is ©2009 by Karl Petrick. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
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