Journal of Economic Issues articles from December 2007

Journal of Economic Issues archives from December 2007

Gender norms as asymmetric institutions: a case study of Yoruba women in Nigeria.
December 1, 2007... For the modern man the patriarchal relation of status is by no means the dominant feature of life; but for the women on the other hand, and for the upper-middle class women especially, confined as they are by prescription and by economic...

Intestate succession and heir property: implications for future research on the persistence of poverty in central Appalachia.(Column)
December 1, 2007... When a person dies without a will, the State effectively supplies a will by default via the laws of intestate succession. The laws of intestate succession may trigger a transfer of real property--"Land, and generally whatever is erected or...

Bankruptcy Abuse Prevention and Consumer Protection Act of 2005: how the credit card industry's perseverance paid off.
December 1, 2007... Enacted on October 17, 2005, The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) marked the most significant change in United States' bankruptcy legislation since 1978. An important aspect of BAPCPA is that it makes...

The importance of legislated employment protection for worker commitment in coordinated market economies.
December 1, 2007... Introducing Varieties of Capitalism and Regulation Theory The Varieties of Capitalism Approach Variation in national macroeconomic performance over the last 35 years has stimulated research interest in the institutional foundations of...

Who benefits from the restructuring of the Australian electricity sector?
December 1, 2007... The 1990s delivered a decade of structural change, with astonishing rapidity, to electricity sectors around the world (Bacon and Besant-Jones 2001). Australia has been at the forefront with its electricity restructuring being hailed by an...

Interest rates and fiscal sustainability.
December 1, 2007... As baby boomers reach retirement age, concerns over the future path of federal spending on entitlement programs grow among orthodox economists. Researchers closely tied to the "generational accounting" literature (i.e., Kotlikoff 1992) have...

The economics of corruption and the corruption of economics: an institutionalist perspective.
December 1, 2007... Corruption is now a popular topic in the social sciences. This expansion of interest is evident in economics and elsewhere, where a large number of articles on this theme have been published in leading journals. Some organizations publish...

"Pragmatisms (plural) Part I: classical pragmatism and some implications for empirical inquiry".
December 1, 2007... The institutional economics originating in America with Thorstein Veblen generally claims pragmatism as its philosophical basis, especially the classical pragmatism (1) of Dewey and Peirce. However, pragmatism is said to undercut the search for...

Uncertainty and probability in institutional economics.
December 1, 2007... Philosophical theories of the nature and meaning of probability can be distinguished from the mathematics of probability theory. The latter subject is not particularly controversial. However, there are different theories of the meaning of...

An institutional approach to sustainability: historical interplay of worldviews, institutions and technology.(Column)
December 1, 2007... Although the capitalist economic system appears to be resilient to disturbances arising from its own dynamics (Matutinovic 2005; 2006) this might change substantially if its boundary conditions were altered significantly and abruptly--like an...

The case against markets.
December 1, 2007... Markets are an efficient way of producing and distributing a very large number of mundane items. Market incentives are a dependable way of getting our bread baked. Markets allow us to make the best use of the information dispersed throughout a...

A survey of full employment advocates.(Notes and Communications)(Survey)
December 1, 2007... The goal of full employment once occupied a central position on the agenda of progressives, including those in the governments of the United States and Western Europe. For example, "the right to a useful and remunerative job" was the first item...

Rediscovering Abundance: Interdisciplinary Essays on Wealth, Income, and Their Distribution in the Catholic Social Tradition.(Book review)
December 1, 2007... Rediscovering Abundance: Interdisciplinary Essays on Wealth, Income, and Their Distribution in the Catholic Social Tradition, edited by Helen Alford, O.P., Charles M.A. Clark, S.A. Cortright and Michael J. Naughton. Notre Dame, Indiana:...

Living Standards and the Wealth of Nations. Success and Failures in Real Convergence.(Book review)
December 1, 2007... Living Standards and the Wealth of Nations. Success and Failures in Real Convergence, edited by Leszek Balcerowicz and Stanley Fischer. Cambridge, MA: The MIT Press. 2006. ISBN: 0.262-02595-7. Cloth $50.00. 432 pages. This book contains...

The Natural Survival of Work: Job Creation and Job Destruction in a Growing Economy.(Book review)
December 1, 2007... The Natural Survival of Work: Job Creation and Job Destruction in a Growing Economy, by Pierre Cahuc and Andre Zylberberg; translated by William McCuaig. Cambridge, MA and London: The MIT Press. 2006. Hardcover: ISBN 0 262 03357 7, $27.50. 165...

Beyond Conventional Economics: The Limits of Rational Behavior in Political Decision Making.(Book review)
December 1, 2007... Beyond Conventional Economics: The Limits of Rational Behavior in Political Decision Making, edited by Giuseppe Euseppe and Alan Hamlin. Northampton, Mass.: Edward Elgar Ltd. 2006. Hardcover: ISBN 1845426630, $85.00. 154 pages. Geoff...

Depression, War, and Cold War: Studies in Political Economy.(Book review)
December 1, 2007... Depression, War, and Cold War: Studies in Political Economy, by Robert Higgs. New York: Oxford University Press. 2006. Cloth: ISBN 0 19 518292, $35.00. 272 pages. Historian and economist Robert Higgs is known to many as the author of...

Environmental Economics for Tree Huggers and Other Skeptics.(Book review)
December 1, 2007... Environmental Economics for Tree Huggers and Other Skeptics, by William K. Jaeger. Washington: Island Press. 2005. Paper: ISBN 1 55963 668 8, $22.50. 281 pages. Environmental Economics for Tree Huggers and Other Skeptics is an introduction...

An Introduction to the Economic Theory of Market Behavior: Microeconomics from a Walrasian Perspective.(Book review)
December 1, 2007... An Introduction to the Economic Theory of Market Behavior: Microeconomics from a Walrasian Perspective, by Donald Katzner. Cheltenham, UK: Edward Elgar. 2006. Hardcover, ISBN: 1 84542 510 3, $155, 701 pages. Post-Walrasian Macroeconomics:...

A Corporate Solution to Global Poverty: How Multinationals Can Help the Poor and Invigorate Their Own Legitimacy.(Book review)
December 1, 2007... A Corporate Solution to Global Poverty: How Multinationals Can Help the Poor and Invigorate Their Own Legitimacy, by George Lodge and Craig Wilson. Princeton: Princeton University Press. 2006. Cloth. ISBN: 0 691 12229 6, $27.95, 208 pages. ...

Charging Ahead: The Growth and Regulation of Payment Card Markets.(Book review)
December 1, 2007... Charging Ahead: The Growth and Regulation of Payment Card Markets by Ronald J. Mann. Cambridge; New York: Cambridge University Press. 2006. Cloth, ISBN: 13 978-0-521-86611-8, $65.00, 298 pages. This book explores the reasons for the success...

Economics and the Law: From Posner to Postmodernism and Beyond, 2nd Ed.(Book review)
December 1, 2007... Economics and the Law: From Posner to Postmodernism and Beyond, 2nd Ed., by Nicholas Mercuro & Steven G. Medema. Princeton, N.J.: Princeton University Press. 2006. Paper: ISBN 0 691 12572 4, $35.00. 385 pages. This is a second edition of a...

The Geography of American Poverty: Is There a Need for Place-Based Policy?(Book review)
December 1, 2007... The Geography of American Poverty: Is There a Need for Place-Based Policy? by Mark D. Partridge and Dan S. Rickman. Kalamazoo: W.E. Upjohn Institute for Employment Research. 2006. Paper, ISBN: 0 88099 286 7, $22.00; Cloth, $56.00. 355 pages....

Alternative Theories of the State.(Book review)
December 1, 2007... Alternative Theories of the State, edited by Steven Pressman. Baskingstoke, United Kingdom: Palgrave Macmillan, 2006. Hardcover: ISBN 1403999392, $90.00. 240 pages. Neoclassical economics "has very little use for the state and assigns...

The Logic of Sufficiency.(Book review)
December 1, 2007... The Logic of Sufficiency, by Thomas Princen. Cambridge: The MIT Press. 2005. 401 Pages. As an academic whose training, research, and personal convictions are largely critical of mainstream economics, I frequently find myself in the odd and...

Thorstein Veblen and the Enrichment of Evolutionary Naturalism.(Book review)
December 1, 2007... Thorstein Veblen and the Enrichment of Evolutionary Naturalism, by Rick Tilman. Columbia: University of Missouri Press. 2007. Hardcover: ISBN 9780826217141, $49.95. 344 pages. Rick Tilman has been writing about Thorstein Veblen for 35...