Journal of Economic Issues articles from December 1999

Journal of Economic Issues archives from December 1999

Anti-Essentialist Marxism and Radical Institutionalism: Introduction to the Symposium.
December 1, 1999... The following three papers were prepared initially for a panel titled "Common Ground? Anti-Essentialist Marxism and Radical Institutionalism," which was held at the 1998 annual meetings of the Association for Institutionalist Thought in Denver....

Overdetermination, Totality, and Institutions: A Genealogy of a Marxist Institutionalist Economics.
December 1, 1999... The question of whether "institutionalist" economics has a deep theoretical structure or basic methodology is an old one. Certainly, institutionalists have eschewed and been critical of those theoretical approaches that seek to understand...

Postmodernism and Theories of Value: New Grounds for Institutionalist/Marxist Dialogue?
December 1, 1999... The postmodern turn among economists has not... done away with the old disagreements... [But] we must be prepared to acknowledge that, at least on some key issues (e.g., the role of mathematics in economics or the scientific nature of...

Institutional Economics, Feminism, and Overdetermination.
December 1, 1999... In this paper, I draw upon considerable scholarship over the last two decades to discuss what I see as an emerging tendency in institutional economics, one shared with feminist and Marxist economists, to explore essentialist tendencies in their...

Voice- and Exit-Based Forms of Corporate Control: Anglo-American, European, and Japanese.
December 1, 1999... The subject of corporate control is attracting a great deal of attention. Traditionally, there are considerable differences between countries, especially among continental Europe (the "Rhinelands" cf. [Albert 1993]), Japan, and the...

Retesting Gardiner Means's Evidence on Administered Prices.(Statistical Data Included)
December 1, 1999... Gardiner Means developed his doctrine of administered prices in the 1930s within the context of a specific conception of the American economy [Means 1935, 1939; Lee 1998]. He was concerned with drawing on empirical data of all sorts to identify...

American Institutionalism on Technological Change.
December 1, 1999... American institutionalism has long provided a refuge for economists discontented with both mainstream neoclassical orthodoxy and doctrinaire Marxism. As might be expected, the refugees are not of one mind concerning their subject. The...

Government Job Creation Programs--Lessons from the 1930s and 1940s.
December 1, 1999... The recent period of relative full employment has diverted the attention of the public, and of economists, from the problems associated with providing enough quality jobs for those who want and need them. But the disappearance of manufacturing...

Estonia in Transition.(Statistical Data Included)
December 1, 1999... This paper will assess institutional change and performance for the Estonian economy during the transition period, with a focus on the monetary aspects. Estonia was the first of the former Soviet republics to issue its own fully convertible...

Drawn on a U.S. Bank: The Curious Behavior of Retail Check Clearances in a Global Financial Environment.(Statistical Data Included)
December 1, 1999... One World... One Currency... Visa. Visa International, Annual Report, 1993. Because banking and associated institutions (including rules and practices of central banks and payments systems) are intricate, it is difficult to disentangle...

Failing Financial and Training Institutions: The Marginalization of Rural Household Enterprises in the Indian Punjab.(Statistical Data Included)
December 1, 1999... The tiny, family-owned and managed household enterprise is the overwhelmingly dominant form of private, non-farm, economic organization in the developing world. Harnessing the latent potential of these own account enterprises (OAEs) is now...

Thorstein Veblen and the Higher Learning of Sport Management Education.(includes references and Census Bureau statistics)(Statistical Data Included)
December 1, 1999... Since 1999 marks the 100th anniversary of Thorstein Veblen's The Theory of the Leisure Class, it is both interesting and informative to consider how much (or how little) American society has changed since the publication of this economics...

Child Labor in Bangladesh: A Critical Appraisal of Harkin's Bill and the MOU-Type Schooling Program.(Memorandum of Understanding)(Statistical Data Included)
December 1, 1999... Child labor is a serious and growing problem in many parts of the world today. Working children suffer from significant growth deficits, they are affected by chronic occupational diseases in young adulthood, and they are deprived of their basic...

Another Look at Minimum Wages and Business Failure Rates.
December 1, 1999... In a recent article published in the Journal of Economic Issues, Jerold Waltman, Allan McBride, and Nicole Camhout [1998] examine the relationship between changes in the minimum wage rate and the aggregate rate of business failures. Employing a...

Response to Taylor and Arnold [1].(concerning research on minimum wage as the cause of business failures)(Brief Article)
December 1, 1999... Beck A. Taylor and Jonathan Arnold are absolutely correct regarding the error in the data. Correcting the error does in fact alter the original regression analysis; however, even with the corrected data, using OLS there is still a significant...

The Lessons of the Hidden Economy: The Perspective from Spain [1].
December 1, 1999... The hidden, underground, or "black'" economy is a fact of life, occurring on an international level and showing a strong presence in many sectors and socioeconomic activities. Spain is no exception. In this paper, I present the conclusions...

Vision and Analysis in Heilbroner's Political Economy: Worldly Philosophy and the Nature and Logic of Capitalism.(A Future of Capitalism: The Economic Vision of Robert Heilbroner.)(Review)
December 1, 1999... An extended review of A Future of Capitalism: The Economic Vision of Robert Heilbroner, by Michael C. Carroll. London: Macmillan, 1998. Pp. 117. In his "Preface" to A Future of Capitalism: The Economic Vision of Robert Heilbroner, author...

CREATED UNEQUAL: THE CRISIS IN AMERICAN PAY.(Review)
December 1, 1999... CREATED UNEQUAL: THE CRISIS IN AMERICAN PAY. By James K Galbraith. New York and London: A Twentieth Century Fund Book, The Free Press, 1998. Pp. 350. $26.00. Jamie GaLbraith's new book brings together several themes that have graced the...

RATIONALITY GONE AWRY? DECISION MAKING INCONSISTENT WITH ECONOMIC AND FINANCIAL THEORY.(Review)
December 1, 1999... RATIONALITY GONE AWRY? DECISION MAKING INCONSISTENT WITH ECONOMIC AND FINANCIAL THEORY. By Hugh Schwartz. Westport, Conn.: Praeger, 1998. Pp. 209. Hugh Schwartz's book begins with a well-chosen quote from Albert Einstein: "You cannot solve...

THORSTEIN VEBLEN IN THE TWENTY-FIRST CENTURY.(Review)
December 1, 1999... THORSTEIN VEBLEN IN THE TWENTY-FIRST CENTURY. Edited by Doug Brown. Northampton, Mass.: Edward Elgar, 1998. Pp. 224. $60.00 (cloth). This is a collection of 12 essays written to commemorate the 100th anniversary of The Theory of the Leisure...

THORSTEIN VEBLEN: VICTORIAN FIREBRAND.(Review)
December 1, 1999... THORSTEIN VEBLEN: VICTORIAN FIREBRAND. By Elizabeth Watkins Jorgensen and Henry Irvin Jorgensen. Armonk, N.Y., and London: M.E. Sharpe, 1999. Pp. viii, 304. $34.95. Coincident with the centennial of the publication of The Theory of the...

MAX WEBER AND THE IDEA OF ECONOMIC SOCIOLOGY.(Review)
December 1, 1999... MAX WEBER AND THE IDEA OF ECONOMIC SOCIOLOGY. By Richard Swedberg. Princeton, N.J.: Princeton University Press, 1999. Pp. 315. $29.95 (cloth). With all that has been written about Max Weber over the years, it is hard to imagine that there...

THE POLITICS OF LARGE NUMBERS: A HISTORY OF STATISTICAL REASONING.(Review)
December 1, 1999... THE POLITICS OF LARGE NUMBERS: A HISTORY OF STATISTICAL REASONING. By Alain Desrosieres (translated by Camille Naish). Cambridge, Mass.: Harvard, 1998. Pp. 368. $45.00 (cloth). This is an important book that deserves the attention of...

ECONOMICS AND THE LAW: FROM POSNER TO POST-MODERNISM.(Review)
December 1, 1999... ECONOMICS AND THE LAW: FROM POSNER TO POST-MODERNISM. By Nicholas Mercuro and Steven G. Medema. Princeton, N.J.: Princeton University Press, 1997. Pp. 256. $29.95 As its title suggests, Economics and the Law: From Posner to Post-Modernism...

DER PHILOSOPHISCHE OKONOM.(Review)
December 1, 1999... DER PHILOSOPHISCHE OKONOM. By Claus-Dieter Krohn. Marburg: Metropolis Verlag, 1996. Pp. 239. Claus-Dieter Krohn's impeccably researched, intellectual biography of Adolph Lowe tells of the latter's extraordinary life, linked in all its...

THE REVIVAL OF PRAGMATISM: NEW ESSAYS ON SOCIAL THOUGHT, LAW, AND CULTURE.(Review)
December 1, 1999... THE REVIVAL OF PRAGMATISM: NEW ESSAYS ON SOCIAL THOUGHT, LAW, AND CULTURE. Edited by Morris Dickstein. Durham, N.C. and London: Duke University Press, 1998. Pp. x, 453. "The revival of pragmatism has excited enormous interest and...

POLITICS IN WIRED NATIONS: SELECTED WRITINGS OF ITHIEL DE SOLA POOL.(Review)
December 1, 1999... POLITICS IN WIRED NATIONS: SELECTED WRITINGS OF ITHIEL DE SOLA POOL. By Ithiel de Sola Pool. Edited by Lloyd S. Etheredge. New Brunswick, N.J.: Transaction Press, 1998. Pp. 363. Ithiel de Sola Pool was a pioneer in research on the impact of...