nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2025–03–24
three papers chosen by
Karl Petrick


  1. A critical look at teaching and doing research in finance By Nabil Sifouh; Ismail Benslimane; Karim Ameziane
  2. American Workers' Experience with Socialism During the World Wars By Pencavel, John H.
  3. Innovationology: A Comprehensive, Transdisciplinary Framework for Driving Transformative Innovation in the 21st Century By Moleka, Pitshou Basikabio

  1. By: Nabil Sifouh; Ismail Benslimane (USMBA - Université Sidi Mohamed Ben Abdellah); Karim Ameziane (USMBA - Université Sidi Mohamed Ben Abdellah)
    Abstract: This paper aims to provide a critical analysis of finance, focusing on its development as both an economic and managerial discipline, its theoretical aspects, and the structure of finance modules designed for students, future professionals, and securities portfolio managers. From a methodological viewpoint, a literature review is conducted by examining the most trustworthy bibliographic sources before reflecting on the challenges of research and teaching in finance. The main conclusions suggest the need for reform in educational programs through an interdisciplinary approach to financial science that integrates knowledge from sociology, psychology, and economics.
    Keywords: finance, modern finance, behavioral finance, university pedagogy
    Date: 2024–10–20
    URL: https://d.repec.org/n?u=RePEc:hal:journl:hal-04936832
  2. By: Pencavel, John H. (Stanford University)
    Abstract: The operation of American labor markets during the two World Wars is described and the well-being of civilian workers during those years is assessed. These were periods when decentralized capitalism was replaced with a system of centralized direction and control that some would call socialism. The state's activities were those of a monopsonist - the dominant or, even, single buyer - in the markets for many goods and services. Why was decentralized capitalism discarded as a mechanism to allocate resources during these critical periods? How well did civilian workers fare during these years?
    Keywords: World War, employment, wages, unionism, laissez faire, socialism
    JEL: J20 N32 P23
    Date: 2025–02
    URL: https://d.repec.org/n?u=RePEc:iza:izadps:dp17680
  3. By: Moleka, Pitshou Basikabio
    Abstract: In an era of rapid technological advancements, complex global challenges, and intense market competition, the ability to generate and scale innovative solutions has become a critical imperative for organizations, policymakers, and societies worldwide. However, the existing academic landscape has lacked a cohesive, multidisciplinary framework for comprehensively understanding the multifaceted nature of innovation. Innovationology, a newly established scientific discipline, aims to address this gap by providing a unifying, transdisciplinary approach to the study and practice of transformative innovation. This comprehensive article introduces Innovationology as a cutting-edge science that integrates insights from diverse fields, including management, psychology, sociology, economics, and technology studies. Innovationology posits that innovation is a multilayered, context-dependent phenomenon, shaped by the intricate interplay of individual, team, organizational, and ecosystem-level factors. By synthesizing the latest theoretical advancements and empirical evidence, this article presents a holistic model of Innovationology that illuminates the key determinants of radical, game-changing innovations capable of disrupting existing industries and creating new market spaces. The article delves deep into the individual cognitive, behavioral, and motivational drivers of innovativeness, the team dynamics and organizational structures that foster collaborative innovation, and the ecosystem-level characteristics that catalyze the emergence and scaling of transformative innovations. Importantly, the article explores the crucial role of contextual factors, such as socio-cultural norms, institutional support, and resource availability, in shaping innovation outcomes. This article also establishes the epistemological foundations of Innovationology, grounding it in a transdisciplinary, holistic, and pragmatic approach to knowledge generation. Innovationology embraces a pluralistic epistemology that acknowledges the complexity and context-dependence of innovation, drawing on diverse methodological approaches to capture the multifaceted nature of this phenomenon. Furthermore, the article outlines the object of Innovationology, which is to provide a comprehensive, evidence-based understanding of the drivers, processes, and outcomes of transformative innovation. Innovationology seeks to elucidate the multilevel determinants of innovation, the dynamic interplay between various factors, and the contextual influences that shape innovation trajectories. By establishing a unifying, transdisciplinary framework, Innovationology aims to bridge the gap between innovation theory and practice, empowering a wide range of stakeholders to unlock the transformative potential of innovation. Importantly, this article outlines the practical applications of Innovationology, providing comprehensive strategies and evidence-based interventions for cultivating innovative mindsets, designing innovation-conducive organizational systems, and navigating the challenges of innovative ecosystems. The implications of Innovationology for entrepreneurs, corporate leaders, policymakers, and innovation scholars are discussed in detail. By establishing Innovationology as a distinct, authoritative scientific discipline, this article sets the foundation for a more holistic, context-sensitive understanding of innovation and its multifaceted drivers. The insights generated by this new science can empower global organizations, institutions, and policymakers to address the complex, interconnected challenges of the 21st century through the strategic deployment of transformative innovations.
    Date: 2024–09–10
    URL: https://d.repec.org/n?u=RePEc:osf:osfxxx:f3scj_v1

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NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.