nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2023‒01‒16
six papers chosen by
Karl Petrick
Western New England University

  1. Towards a unity of sense: A critical analysis of the concept of relation in methodological individualism and holism in Economics By Giancarlo Ianulardo; Aldo Stella
  2. Degrowth and the Global South? How institutionalism can complement a timely discourse on ecologically sustainable development in an unequal world By Claudius Graebner-Radkowitsch; Birte Strunk
  3. Transitioning to a circular economy: Changing Business Models and Business Ecosystems By Jean Mansuy; Giulia Caterina Verga; Bonno Pel; Ahmed Z. Khan; Wouter Achten; Ela Callorda Fossati; Tom Bauler; Philippe Lebeau; Cathy Macharis
  4. Classic Grounded Theory: A Qualitative Research on Human Behavior By Mohajan, Devajit; Mohajan, Haradhan
  5. The Relationship between Economic Interdependence and Conflict Prevention: An Institutional Perspective By Ibrahim Saif; Rani Khouri
  6. Measuring democracy By Krieger, Tommy

  1. By: Giancarlo Ianulardo (University of Exeter Business School - University of Exeter); Aldo Stella (UNIPG - Università degli Studi di Perugia = University of Perugia)
    Abstract: In social sciences and, in particular, in economics the debate on the most adequate model of explanation of social phenomena has been centred around two models: Methodological Individualism and Holism. While Methodological Individualism claims to be the most rigorous attempt to explain social phenomena by reducing them to their ultimate components, Holism stresses the primacy of the social relation, outside of which individuals cannot be understood as analytical units. In the analysis, we will refer to the way the debate has influenced economics education too through the debate on microfoundations and the role of individual preferences. In synthesis, we aim to show that the two explanatory models, rather than being opposed, need to be integrated, because they need each other. But for this to be done, we need to reflect on the role that the concept of "relation" plays in our understanding of the social structure and of the dynamics that characterises it. Indeed, the holistic-systemic model, though privileging the relation, must acknowledge that the relation needs some ultimate elements (the individuals), which in turn are prioritised by methodological individualism. But these entities, the individuals, in order to be what they are, i.e., each a determinate identity, need each to be referred to other individuals, which are essential to determine the single determinate identity. This means that each individual needs the relation. To prevent a circular explanation, we claim that a correct methodology should understand both the individual and society in the light of the unity of sense that emerges at the end of the process, rather than focusing on its starting point.
    Keywords: Methodological Individualism, holism, systemism, relation, unity
    Date: 2022–12–15
  2. By: Claudius Graebner-Radkowitsch (Institute for Socio-Economics, University of Duisburg-Essen, Germany; Institute for Comprehensive Analysis of the Economy, Johannes Kepler University Linz, Austria; ZOE Institute for future-fit Economies, Bonn, Germany; International lnstitute of Management and Economic Education, Europa-Universitaet Flennsburg, Germany); Birte Strunk
    Abstract: The goal of this paper is twofold: first, it assesses the current state of collaboration between institutionalist economics and the academic degrowth discourse on the topic of global inequalities. Since a systematic literature review of the current degrowth discourse shows that the level of such collaboration is limited, the second goal of the paper is to outline avenues through which institutionalist scholars could contribute to the current academic degrowth discourse. These include the provision of theories of institutional change, a methodological reflection of selected formal models, and substantive insights on the co-evolution of institutions and technological change.
    Keywords: degrowth; institutions; development; core-periphery relations; structuralism; dependency; planetary boundaries
    Date: 2022–12
  3. By: Jean Mansuy; Giulia Caterina Verga; Bonno Pel; Ahmed Z. Khan; Wouter Achten; Ela Callorda Fossati; Tom Bauler; Philippe Lebeau; Cathy Macharis
    Abstract: We are living on a finite planet. Humankind is overstepping planetary boundaries, however. In 2021, worldwide consumption has exceeded the yearly bio-capacity of the Earth (what we call the overshoot day) on the 29th of July. For industrialised countries, the situation is far worse: In 2022, Belgium reached that overshoot day on the 26th of March. In the face of these urgent challenges of sustainable resource use, there is wide agreement on the need for a transition, a fundamental societal shift, towards, amongst others, a circular economy (CE), the focus of this book.The book speaks deliberately of transitioning. This marks our focus on transition processes and activities. Discussions of ‘the transition’ easily get stuck in abstract visions, remote future goals and ideological statements about the desired world of tomorrow. By contrast, much more attention needs to be paid to concrete transformation processes that could lead towards these projected futures. Transition how? Where to? By whom?We highlight that companies are key actors in CE transitioning. This edited volume presents key outcomes from the “Transitioning Belgian companies into circularity” research chair, established by Belgian Employers’ Federation FEB/VBO. Whilst focusing on the role of companies, we show how the private sector cannot bring about such societal transformations single-handedly. We consider companiesas embedded transition agents, i.e. as actors that operate as parts of broader business ecosystems.The book results from collaborative work between researchers from the Vrije Universiteit Brussel (VUB) and the Université Libre de Bruxelles (ULB). Containing contributions by Jean Mansuy, Giulia C. Verga, Bonno Pel, Maarten Messagie, Philippe Lebeau, Wouter Achten, Ahmed Z. Khan, Cathy Macharis, Ela Callorda Fossati and Tom Bauler, it gathers expertise in sustainable urbanism, transition governance,the redesign of systems, lifecycle analysis, and business model innovation.
    Keywords: circular economy; circularity; business ecosystems; transition; exnovation; Belgium
    Date: 2022–11–29
  4. By: Mohajan, Devajit; Mohajan, Haradhan
    Abstract: Grounded theory is an inductive methodological approach in social sciences and other related subjects. It generates theory about social processes, which are grounded in reality. Classic grounded theory is a unique inductive research approach with language, rules of rigor, procedures, and a final achievement, which is different from other research methods. The purpose of classic grounded theory is to theorize and facilitate an understanding of an effective knowledge, which is happening on the lives of people of the society. It represents grounded theory in a pure form, which emerges from the original work of Barney Galland Glaser (1930-2022) and Anselm Leonard Strauss (1916-1996) that is developed in 1967. It is the development of a theory from data with open ideas that comes from the data. This study tries to discuss a qualitative research design following a classic grounded theory approach through ontological, epistemological, and methodological assumptions of grounded theory. This study explores classic grounded theory approach including strengths and challenges of development in the social science.
    Keywords: Classic grounded theory, Glaser, qualitative research, social science
    JEL: A13 A14 D6 D71 O35
    Date: 2022–10–07
  5. By: Ibrahim Saif (Jordan Strategy Forum); Rani Khouri (Excel Consulting)
    Abstract: This paper investigates the relationship between economic interdependence and conflict prevention. It will focus on the institutional dimensions of the relationship between economic interdependence and conflict prevention & management. The early days of what has been dubbed the 'Arab Spring' raised some expectations about whether the region could see a new era of renewed regional cooperation and integration after several failed attempts. Instead, the unfolding of events across different countries has further weakened the Arab state system and has thus given rise to new transnational identities such as tribalism, sectarianism, and outright fundamentalism, rather than regional unity. Regional institutions have played a limited role in entrenching economic integration and preventing or managing conflicts. The region has been historically a volatile region of instability and till today, it remains one of the least integrated and most unstable regions globally. While integration momentum was gaining pace before 2010, the instability associated with the Arab Spring moved the region one step behind. The paper discusses the complex relationship between economic interdependence and conflict prevention/management from an institutional lens, and analyzes the main institutional factors influencing this relationship. It provides an account of the main functional regional institutions related to economic interdependence and conflict management in the Arab World and discusses their quality and effectiveness. The last section presents policy directions to enhance the role of institutions and allow for deeper integration and less conflict.
    Date: 2021–08–20
  6. By: Krieger, Tommy
    Abstract: This short article contributes to the Elgar Encyclopedia of Public Choice by summarizing the literature on the measurement of democracy. I proceed in two step. In the first part, I describe the classical approach for producing a measure of democracy and sketch an alternative approach. The second part provides an overview about existing democracy index.
    Keywords: Democracy, index numbers, measurement of democracy, political institutions, regime classification
    JEL: C43 O43 P00
    Date: 2022

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