nep-sog New Economics Papers
on Sociology of Economics
Issue of 2006‒10‒14
three papers chosen by
Jonas Holmstrom
Swedish School of Economics and Business Administration

  1. Scientific Revolution? A Farewell to EconWPA. MPRA is welcome. By Harin, Alexander
  2. The role of professional economists in the financial markets By Porzecanski, Arturo C.
  3. A new social compact: how university engagement can fuel innovation By Larry Isaac; Rick Mattoon; Laura Melle

  1. By: Harin, Alexander
    Abstract: A new approach is presented. It is based on a generalization of a breach of a term of contract and on the economic uncertainty principle. Problems, which can be solved, research fields, which can be augmented or created, and fields of applications in practical economy are reviewed. The role of information media is described.
    Keywords: uncertainty; risk; contract; utility; bank; market; industry; development; investment; scientific revolution; scientific evolution
    JEL: C7 D81 A1
    Date: 2006–10–03
  2. By: Porzecanski, Arturo C.
    Abstract: Economists have always been interested in the workings of the financial markets, but most of them neither seek nor get the opportunity to work in a financial institution as a professional economist. Here we detail how (a minority of) economists became involved in the financial markets, and what that professional involvement has entailed, in order to come up with implications for economists who are considering working in the financial markets as well as for the universities that provide training for future economists.
    Keywords: Economists; financial markets; education
    JEL: A11
    Date: 2006–05
  3. By: Larry Isaac; Rick Mattoon; Laura Melle
    Abstract: Richard K. Lester feels that colleges and universities, because they are immobile, can replace local institutions whose leadership has been eroded by globalization. However, university attempts to improve the regional economy must be well-planned. North Dakota clearly illustrates benefits of a strategic approach to university and college interaction with the economy. This paper examines the degree to which their Higher Education Roundtable fits into the specific model of engagement proposed by Lester. Much of the specificity of the North Dakota plan came in the implementation, which has been guided by specific accountability measures. Because such measures can not only reflect priorities but also set them, this paper evaluates the new initiatives in North Dakota with an independent set of metrics that assess university efforts to foster innovation. While the two sets of metrics are largely compatible, North Dakota University System does not evaluate qualitative goals throughout the university system. This paper argues that qualitative outputs from higher education are often under reported in assessments of economic and social benefits attributed to universities and colleges.
    Date: 2006

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