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on Post Keynesian Economics |
| By: | Lambert, Thomas |
| Abstract: | This research note/paper examines several factors that have been mentioned and debated as determinants of how Britain moves from feudalism to mercantilism and then to capitalism by way of agricultural and industrial innovations and also how it arrives at the cusp of the industrial revolution. Of special interest are somewhat recent conjectures of macroeconomic data, investment estimates, and data on horses, serfs, and slaves of previous centuries that perhaps can better contribute to and add some clarification to the debates over the transition from feudalism to capitalism and the transition from an early form a capitalism or mercantilism to the industrial revolution. The estimates, empirical notes, and exploratory analyses in this paper partially support the Brenner thesis or concept of the transition from feudalism to capitalism and also support the notion that the proceeds of slave sales and slave production provide a substantive portion of British investment amounts leading up to the industrial revolution of the 18th Century. The mainstream economic notions of property rights, thrift, free markets, and free trade are only part of the picture of how Britain achieves economic prominence in the 19th Century. Exploitation of people and animals play a very significant role that has been ignored or minimized in many history and economic history accounts. |
| Keywords: | Baran ratio, economic surplus, investment, slave trade, slavery, serfs, horses, Great Britain |
| JEL: | B51 B52 N13 N33 N44 |
| Date: | 2024–11–09 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:122644 |
| By: | Oliveira, Bruno Sérgio Dias |
| Abstract: | This article orbits the promise of Sociology and presents the sociology of promises—or, more precisely, the science of promises, aimed at addressing all sociological curiosities and encompassing all that is sociological. In introducing the General Social Theory of Compromises (G-STOC), a framework designed to overcome the fragmentation of traditional social theories and address their limitations in explaining social behavior, a breakthrough is presented in eight main takeaways that are simultaneously ontological, epistemological and theoretical: (1) social coercive powers derive from actual or virtual agency; (2) virtual agency derives from promises; (3) all anger and disappointment derive from broken promises; (4) promises are always in dynamic reciprocal sets called compromises; (5) compromises are heuristic devices underlying all social relationships; (6) all social phenomena involve compromises; (7) to explain is to describe relationships and (8) sociological explanation, therefore, derives from the description of compromises and their history. The above tenets begin to outline a powerful and coherent framework and their proper appreciation is bound to have a profound impact in Social Science. Emphasizing theoretical novelty and superior heuristic power while avoiding convoluted syntheses of competing theories, the author advocates for clear conceptual and theoretical grounds to enable a complete and integrated explanation of social phenomena. With this innovative approach, the paper invites scholars to engage critically with G-STOC and explore its potential to unify and enhance the study of the social world, offering new insights about its complexities. |
| Date: | 2024–10–08 |
| URL: | https://d.repec.org/n?u=RePEc:osf:socarx:9euq3 |
| By: | Asuamah Yeboah, Samuel |
| Abstract: | Entrepreneurship in developing countries plays a pivotal role in fostering economic growth, reducing poverty, and creating jobs. However, the process of establishing and sustaining businesses in these regions is fraught with numerous challenges, including limited access to capital, inadequate infrastructure, complex regulatory frameworks, and socio-political instability. This study examines the strategies entrepreneurs employ to navigate these barriers and succeed in emerging markets. A systematic review of existing literature, including academic studies and industry reports, identifies key approaches such as leveraging local market insights, utilizing diverse funding mechanisms, navigating regulatory environments, adopting technological innovations, and implementing sustainable practices. The study also highlights the importance of forming strategic networks, partnerships, and flexible business models. By integrating theoretical frameworks such as resource-based view (RBV), institutional theory, and network theory, the research provides a comprehensive understanding of the interplay between the factors that shape entrepreneurial success in developing countries. The study offers practical recommendations for entrepreneurs, policymakers, and stakeholders seeking to promote sustainable business development. This research contributes to the growing body of knowledge on entrepreneurship in developing regions and offers valuable insights for supporting entrepreneurial growth in these dynamic and challenging environments. |
| Keywords: | Entrepreneurship, Business Strategies, Market Insights, Funding Mechanisms, Regulatory Frameworks, Technological Advancements, Sustainable Practices, Business Networks |
| JEL: | L26 M13 O10 O31 O38 |
| Date: | 2024–09–14 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:122661 |
| By: | Stephen J. Redding |
| Abstract: | This paper reviews recent research in spatial economics. The field of spatial economics is concerned with the determinants and effects of the location of economic activity in geographic space. It analyses how geographical location shapes the economic activities performed by agents, their interactions with one another, their welfare, and the effects of public policy interventions. Research in this area has benefited from the simultaneous development of new theoretical techniques, new sources of geographic information systems (GIS) data, rapid advances in computing power, machine learning and artificial intelligence, and renewed public policy interest in infrastructure and appropriate policies towards places “left-behind” by globalization and technology. Among the insights from this research are the role of goods and commuting market access in determining location choices; the conditions under which the location of economic activity is characterized by multiple equilibria; the circumstances under which temporary shocks can have permanent effects (hysteresis or path dependence); the heterogeneous and persistent impact of local shocks; the magnitude and spatial decay of agglomeration economics; and the role of both agglomeration forces and endogenous changes in land use in shaping the impact of transport infrastructure improvements. |
| JEL: | F15 R10 R12 |
| Date: | 2024–11 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:33125 |