nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2016‒12‒11
five papers chosen by
Karl Petrick
Western New England University

  1. A basis for Sraffian ecological economics. A comment on Martins' "Ecosystems, strong sustainability and the classical circular economy" By Yoann Verger
  2. Integrating the Concepts of Global Freedom; Economics versus Society By Dawood, Mamoon
  3. Sustainable Consumption and the Attitude-Behaviour-Gap Phenomenon - Causes and Measurements towards a Sustainable Development By Terlau, Wiltrud; Hirsch, Darya
  4. A Guide and Advice for Economists on the U.S. Junior Academic Job Market: 2016–2017 Edition By Cawley, John
  5. Rethinking The Social Market Economy – A Basic Outline By Willem Spanjers; Elettra Agliardi

  1. By: Yoann Verger (REEDS - Centre international de Recherches en Economie écologique, Eco-innovation et ingénierie du Développement Soutenable - UVSQ - Université de Versailles Saint-Quentin-en-Yvelines)
    Abstract: Martins (2016) recently emphasized the role that classical economics can play in building sustainability economics. In this respect, he uses Sraffa's theory of value and Sen and Nussbaum's capability theory to support his argument. My comment focuses on the part of his article concerning Sraffa's theory, and aims to refine some of Martins claims in order to avoid misunderstandings about the possibilities offered by Sraffa's theory.
    Keywords: Ecological economics,Sraffa, theory of value, environment, sustainability
    Date: 2016–11–18
  2. By: Dawood, Mamoon
    Abstract: The paper carries out a context specific debate on why the real sector of the economy is important to look into to establish a framework of effective development. While doing that the paper highlights that the economic policy in the real sector is to be complemented by intervening in the progress of the society by developing social, political and legal institutions. This paper presents a post Washington consensus intellectual debate that eventually made the Prelog for first Millenium Development Goals (MDGs) and now Sustainable Development Goals (SDGs).
    Keywords: Development Discourse
    JEL: P50
    Date: 2016–12–01
  3. By: Terlau, Wiltrud; Hirsch, Darya
    Abstract: Sustainable development needs sustainable production and sustainable consumption. During the last decades the encouragement of sustainable production has been the focus of research and policy makers under the implicit assumption that the observable increasing ‘green’ values of consumers would also entail a growing sustainable consumption. However, it has been found that the actual purchasing behaviour often deviates from ‘green’ attitudes. This phenomenon is called the attitude-behaviour gap. It is influenced by individual, social and situational factors. The main purchasing barriers for sustainable (organic) food are price, lack of immediate availability, sensory criteria, lack or overload of information as well as the low-involvement feature of food products in conjunction with well-established consumption routines, lack of transparency and trust towards labels and certifications. The last three barriers are mainly of a psychological nature. Especially the low-involvement feature of food products due to daily purchase routines and relatively low prices tends to result in fast, automatic and subconscious decisions based on a so-called human mental system 1, derived from Daniel Kahneman’s2 model in behavioural psychology. In contrast, the human mental system 2 is especially important for the transformations of individual behaviour towards a more sustainable consumption. Decisions based on the human mental system 2 are slow, logical, rational, conscious and arduous. This so-called dual action model also influences the reliability of responses in consumer surveys. It seems that the consumer behaviour is the most unstable and unpredictable part of the entire supply chain and requires special attention. Concrete measures to influence consumer behaviour towards sustainable consumption are highly complex. This paper presents a review of interdisciplinary research literature on the complexity of sustainable food consumption and an empirical analysis of selected countries worldwide. In a ‘best practice’ case study, it analyses the organic food sector in Denmark, especially in the 80ies and 90ies, where the market share rose to a leading position worldwide. The Danish example demonstrates that common efforts and a shared responsibility of consumers, business, interdisciplinary researchers, mass media and policy are needed. It takes pioneers of change who succeed in assembling a ‘critical mass’ willing to increase its ‘sustainable’ behaviour. Considering the strong psychological barriers of consumers and the continuing low market share of organic food, proactive policy measures would be conducive to foster the personal responsibility of the consumers and offer incentives towards a sustainable production. Also, further self-obligations of companies (Corporate Social Responsibility – CSR) as well as more transparency and simplification of reliable labels and certifications are needed to encourage the process towards a sustainable development.
    Keywords: Sustainable development, responsible consumer, homo oeconomicus, behavioural economics, interdisciplinarity, consumer decision models, attitude-behaviour-gap, organic food, asymmetric information, low-involvement products, consumer behaviour, ethical values, dual action model: mental system 1 and 2 (Kahneman), cognitive bias, cognitive dissonances, Danish Association of Organic Farming, nudges, change agents, proactive state, corporate social responsibility (CSR), Agribusiness,
    Date: 2015–05
  4. By: Cawley, John (Cornell University)
    Abstract: This guide, updated for the 2016-17 job market season, describes the U.S. academic market for new Ph.D. economists and offers advice on conducting an academic job search. It provides data, reports findings from published papers, describes practical details, and includes links to online resources. Topics addressed include: preparing to go on the market; applying for academic jobs; the JOE Network, which is the AEA's electronic clearinghouse for the job market; signaling; interviewing at the ASSA meetings; campus visits; the secondary market scramble; offers and negotiating; getting off to a good start as an assistant professor; diversity; and dual job searches.
    Keywords: salaries, market for economists, academic labor market, benefits
    JEL: A11 J0 J44 A23
    Date: 2016–12
  5. By: Willem Spanjers (Department of Economics, Kingston University London, UK; The Rimini Centre for Economic Analysis, Italy); Elettra Agliardi (Department of Economics, University of Bologna, Italy; The Rimini Centre for Economic Analysis, Italy)
    Abstract: The purpose of this paper is to contribute to rethinking the Social Market Economy with respect to modern economic and technological structures. In doing so, we explore the limits of the traditional Social Market Economy for solving the economic problems of our time. We find that the Social Market Economy's rigid focus on competitive markets as the corner stone for a decentralized economic order has become outdated and that the basic principle of competition should be extended to decentralized institutions and policies. It is proposed that the preferred choice of specific institutions and policies should reflect their legitimacy, i.e. a combination of their effectiveness and their public acceptance. On the basis of our findings, we propose to amend some of the principles of the traditional Social Market Economy and to supplement them with new ones. The principles relate to the economy, to politics, as well as to the uncertainty inherent in the long run future. The proposed principles are illustrated with general examples covering regional economic policy, monetary policy, financial crises, and environmental sustainability.
    Date: 2016–11

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