nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2020‒09‒14
eight papers chosen by
Karl Petrick
Western New England University

  1. Social or Economic Class? False Dichotomies, Reductionism and Abstract Categories By Papagiannaki, Eleni; Philp, Bruce; Arntsen, Alexandra
  3. From fiscal stabilization to economic diversification: A developmental approach to managing resource revenues By Ha-Joon Chang; Amir Lebdioui
  4. Explicit and implicit belief-based gender discrimination: A hiring experiment By Barron, Kai; Ditlmann, Ruth; Gehrig, Stefan; Schweighofer-Kodritsch, Sebastian
  5. The Public’s Guide to Climate Change Mitigation: Contemporary Crises By Noemi Florea
  6. Women in Economics: A UK Perspective By Gamage, Danula K.; Sevilla, Almudena; Smith, Sarah
  7. Karl Marx y el análisis del consumo de alimentos By Giselle Torres Pabon
  8. Contribución a una teoría del valor del arte sobre la base de los aportes de Marx a la teoría de la renta del suelo By José María Durán Medraño

  1. By: Papagiannaki, Eleni; Philp, Bruce; Arntsen, Alexandra
    Abstract: Against the backdrop of socio-economic conflict, this paper analyses a number of approaches to classes in the economics, political economy and sociology literatures. Our argument is structured into two themes which consider: (i) class and individualism; (ii) social and economic classes. We also consider deductive and inductive class analyses within these themes. This typology is used to classify the methodological approaches of scholars from a variety of traditions, thereby providing a basis for assessing their congruence, and the plausibility of developing an integrated perspective on class, spanning heterodox economics and sociology. Initial discussion considers classical political economy and its Marxian derivatives, including Lenin’s criteria for categorising classes, and relatively recent approaches derived from economics, political economy (in the Marxian tradition), and sociology. Based on our analysis of the two themes identified we argue that the abstract pairs of categories — class-individual, social-economic — should not be falsely dichotomised. In addition, we argue that a reductionist approach to class (be it economic or micro-reductionism) only provides a partial account, and fails to capture the complexity of class in relation to other forms of social stratification.
    Date: 2020–02–03
  2. By: Nicolas Piluso (CERTOP - Centre d'Etude et de Recherche Travail Organisation Pouvoir - CNRS - Centre National de la Recherche Scientifique - UT3 - Université Toulouse III - Paul Sabatier - Université Fédérale Toulouse Midi-Pyrénées - UT2J - Université Toulouse - Jean Jaurès)
    Abstract: If we accept the thesis that the "Keynesian revolution" relies on the hypothesis of asymmetry of the wage relationship at the basis of Keynes' theory of unemployment, it seems useful to analyze the place of such a hypothesis in major branches of post-Keysian analysis. Asymmetry is important but implicit in the different post-Keysian models. the latter would be more intelligible if they insisted more on the asymmetrical nature of the salary relation.
    Abstract: En partant de la thèse selon laquelle la « révolution keynésienne » s'appuie sur l'hypothèse d'asymétrie du rapport salarial au fondement de la théorie du chômage de Keynes, il semble utile d'analyser la place d'une telle hypothèse dans les grandes branches de l'analyse postkeynésienne. L'asymétrie est importante mais implicite dans les différents modèles postkeynésiens. Ces derniers gagneraient en clarté en insistant davantage sur le caractère asymétrique du rapport salarial.
    Keywords: salary relation,Walras law,growth,unemployment,asymétrie,loi de Walras,rapport salarial,chômage,croissance,circuit
    Date: 2020
  3. By: Ha-Joon Chang; Amir Lebdioui
    Abstract: The management of revenues from exhaustible natural resources involves a number of challenges. In this paper, we argue that the standard policy advice to managers of resource revenues has been dominated by short-termism and the lack of a perspective on economic development and structural transformation. As a result, mainstream approaches have often addressed only the symptoms of commodity dependence (e.g. vulnerability to commodity price volatility) rather than its root causes (insufficiently diversified productive structures).
    Keywords: commodity dependence, Economic development, Natural resources, resource revenue management, Structural transformation
    Date: 2020
  4. By: Barron, Kai; Ditlmann, Ruth; Gehrig, Stefan; Schweighofer-Kodritsch, Sebastian
    Abstract: Understanding discrimination is key for designing policy interventions that promote equality in society. Economists have studied the topic intensively, typically taxonomizing discrimination as either taste-based or (accurate) statistical discrimination. To enrich this taxonomy, we design a hiring experiment that rules out both of these sources of discrimination along the gender dimension. Yet, we still detect substantial discrimination against women. We provide evidence of two forms of discrimination, explicit and implicit belief-based discrimination. Both rely on statistically inaccurate beliefs but differ in how clearly they reveal the decision-maker's gender bias. Our analysis highlights the central role played by contextual features of the choice environment in determining whether and how discrimination will manifest. We conclude by discussing how policy makers may design effective regulation to address specific forms of discrimination.
    Keywords: Discrimination,Hiring Decisions,Gender,Beliefs,Experiment
    JEL: D90 J71 D83
    Date: 2020
  5. By: Noemi Florea (The New School, Department of Economics, New York, NY, USA)
    Abstract: Contemporary challenges regarding climate change, global wealth disparity, and resource depletion are in many ways emblematic of systemic flaws borne out of anthropocentric philosophy. As an introduction to The Public’s Guide to Climate Change Mitigation, this article reviews the features of the modern economic system which have contributed to contemporary challenges, and seeks to demonstrate that mitigation in itself will not be enough to resolve a global crisis that demands holistic change. Key points include instrumentalist ideologies evolving from Enlightenment thinking, the inherent limitations of the growth system and the corporate and administrative inabilities to adapt within sustainable boundaries, and the effects of neoliberalism on ecological and socio-cultural challenges. By reviewing each subsystem’s influence on the global economic, social, and ecological systems, deeper understandings of contemporary ideologies can be achieved; this can then lead to recognizing current societal inabilities to address systemic flaws, and serve to begin reimagining the system as a whole to be more in line with demands for sustainability.
    Keywords: administrative capabilities, anthropocene, climate change, ecology, economic growth, enlightenment, global crises, holistic change, instrumentalism, mitigation, modern ideologies, neoliberalism, resource depletion, systems, wealth disparity
    Date: 2020–06
  6. By: Gamage, Danula K. (Queen Mary, University of London); Sevilla, Almudena (University College London); Smith, Sarah (University of Bristol)
    Abstract: The status of women in economics in the US has come increasingly under the spotlight. We exploit high quality administrative data to paint the first comprehensive picture of the status of women in UK academic economics departments in research-intensive universities. Our evidence indicates that, as in the US, women in economics are under-represented and are paid less than men. The issues facing women in economics in the UK are similar to other disciplines particularly STEM but have received less national policy attention to date. We conclude with a discussion of interventions that might improve the status of women in academia and we present new evidence that a UK academic diversity programme (Athena Swan) has narrowed the gender pay gap at a senior level.
    Keywords: gender, affirmative action, academia, women in economics, gender wage gap
    JEL: A14
    Date: 2020–07
  7. By: Giselle Torres Pabon
    Keywords: Karl Marx; fuerza de trabajo; cuerpo; consumo; alimentos; comer; hambre. Keywords: Karl Marx; labor force; body; food consumption; eating; famine.
    JEL: P16 Z13 B14 I3 J2
    Date: 2020–01–01
  8. By: José María Durán Medraño
    Keywords: arte; valor; sustancia del valor; renta diferencial; capital humano; propiedad intelectual. Keywords: art; value; substance of value; differential ground-rent; human capital; intellectual property.
    JEL: B51 D46 P16 Z11
    Date: 2019–07–01

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