Journal of Economic Issues articles from March 2000

Journal of Economic Issues archives from March 2000

Equal Pay for Equal Work: The Role of Job Evaluation in an Evolving Social Norm.
March 1, 2000... Job evaluation deals with jobs impersonally and is not concerned with the race, creed, color, age, or sex of the employee unless in some way these personal variations become pertinent to the jobs. Equal pay for equal work is the very essence of...

Job Restructuring as a Determinant of Wage Inequality and Working-Poor Households.(Brief Article)
March 1, 2000... The American economy has enjoyed low unemployment, rising mean family incomes, and modest inflation. It has also seen increasing wage inequality, stagnant median family incomes, continued deindustrialization, and the persistent existence of...

Performance Against Dialogue, or Answering and Really Answering: A Participant Observer's Reflections on the McCloskey Conversation.(Brief Article)
March 1, 2000... My career as a friendly critic of Deirdre McCloskey's approach to the rhetoric of economics has been an extremely rewarding experience. I have learned immensely. I have learned about rhetoric, about economics, about McCloskey, about myself--and...

The Uncertain Foundations of Transaction Costs Economics.
March 1, 2000... Uncertainty is a core assumption in transaction costs theory. It forms the basis of the explanation of transaction costs and also provides a vital link in the conceptual analysis of the transition from market coordination to internal...

Karl Polanyi's Forms of Integration as Ways of Mapping.(economic mapping)
March 1, 2000... Karl Polanyi's forms of integration--redistribution, reciprocity, and exchange--have been much used to describe and explain various economies. Confusions have arisen because institutional and emotional or attitudinal content has been attributed...

Household Consumption on the Internet: Income, Time, and Institutional Contradictions.
March 1, 2000... The evolution of society is substantially a process of mental adaptation on the part of individuals under the stress of circumstances which no longer tolerate habits of thought formed under and conforming to a different set of circumstances in...

The Radical Political Economics of Douglas F. Dowd.(Douglas Fitzgerald Dowd)
March 1, 2000... The 80th anniversary of the birth of Douglas Fitzgerald Dowd was in December 1999. His long and distinguished career has been characterized by a fruitful marriage of scholarship and activism. Firmly on the political Left, Dowd belongs within an...

Scapegoating Poor Women: An Analysis of Welfare Reform.
March 1, 2000... The Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA), passed in August 1996, ushered in the most significant welfare reform in six decades. It ended Aid to Families with Dependent Children (AFDC), and with it the federal...

Asset Choice, Liquidity Preference, and Rationality under Uncertainty.(uncertainty economics)
March 1, 2000... The aim of this paper is to apply in the context of asset choice and liquidity preference some new ideas (developed elsewhere) about the determination of the state of expectation and about rationality under uncertainty. More specifically, the...

Thomas DeGregori's "Back to the Future": A Comment.
March 1, 2000... It would be unfortunate if Thomas DeGregori's review of Limited Wants, Unlimited Means: A Reader on Hunter-Gatherer Economies and the Environment, edited by John Gowdy [1998], dissuaded institutionalists from reading the book. The collection of...

Back to the Basics? Answers in Search of Questions [1].(revisionist economics)
March 1, 2000... If John P. Watkins was motivated in his comment by the fear that my review might dissuade institutionalists from reading John Gowdy's book [Gowdy 1998], he should have noted that I closed the review with the hope that it would stimulate a...

A Shameless Lothario: Thorstein Veblen as Sexual Predator and Sexual Liberator.
March 1, 2000... "The story goes... that in 1905 the dean of the University of Chicago called Veblen into his office to inform the young professor that he was being dismissed for having dallied with the wives of various colleagues. The dean began by saying,...

Is Goldilocks Doomed?(the Goldilocks economic theory)
March 1, 2000... Recent economic statistics confirm that our Goldilocks [1] economy continues to grow at a relatively swift pace, in spite of financial turmoil in Asia, Latin America, and Russia, as well as economic recession in about one-third of the world....

Signs, Pragmatism, and Abduction: The Tragedy, Irony, and Promise of Charles Sanders Peirce.(Review)
March 1, 2000... An extended review of Charles Sanders Peirce: A Life, by Joseph Brent. Revised and enlarged ed. Bloomington, Ind.: Indiana University Press, 1998. Pp. xx, 412. $35.00 (cloth), $18.95 (paper). Charles Sanders Peirce was both one of the...

Market Failure in the New Economy.(Review)
March 1, 2000... An extended review of Winners, Losers, and Microsoft, by Stan J. Liebowitz and Stephen E. Margolis. Oakland, Calif.: The Independent Institute, 1999. Pp. 287. $29.95. There is something peculiar about the "New Economy," at least in the...

EXCEPT-AFRICA: REMAKING DEVELOPMENT, RETHINKING POWER.(Review)
March 1, 2000... EXCEPT-AFRICA: REMAKING DEVELOPMENT, RETHINKING POWER. By Emery Roe. New Brunswick, N.J.: Transaction Publishers, 1999. Pp. 204. $29.95. Emery Roe, director of the Center for Sustainable Resource Development at the University of California,...

THE LEXUS AND THE OLIVE TREE.(Review)
March 1, 2000... THE LEXUS AND THE OLIVE TREE. By Thomas L. Friedman. New York: Farrar, Straus and Giroux, 1999. Pp. xix, 394. News Flash: Globalization has serious drawbacks! As journalist Thomas Friedman reports, the pursuit of "the Lexus" imperils our...

THE PROCESS OF ECONOMIC DEVELOPMENT.(Review)
March 1, 2000... THE PROCESS OF ECONOMIC DEVELOPMENT. By James M. Cypher and James L. Dietz. London and New York: Routledge, 1997. Pp. 608, xxii. $32.99 (paper). James M. Cypher and James L. Dietz have written a great text. It should please...

HISTORY OF ENVIRONMENTAL ECONOMIC THOUGHT.(Review)
March 1, 2000... HISTORY OF ENVIRONMENTAL ECONOMIC THOUGHT. By Erhun Kula. London and New York: Routledge, 1998. Pp. xiii, 235. $85.00 (hardcover). Erhun Kula has authored a fine and much-needed survey of the history of environmental economic thought, as...

GLOBALIZATION AND PROGRESSIVE ECONOMIC POLICY.(Review)
March 1, 2000... GLOBALIZATION AND PROGRESSIVE ECONOMIC POLICY. Edited by Dean Baker, Gerald Epstein, and Robert Pollin. Cambridge: Cambridge University Press, 1998. Pp. 514. If anyone doubts that globalization issues currently occupy the attention of many...

CRITICAL REALISM IN ECONOMICS: DEVELOPMENT AND DEBATE.(Review)
March 1, 2000... CRITICAL REALISM IN ECONOMICS: DEVELOPMENT AND DEBATE. Edited by Steve Fleetwood. New York: Routledge, 1999. Pp. 273. $90.00 (hardback), $27.99 (paper). In the early 1980s, Tony Lawson, University of Cambridge economist, developed a...

GLOBAL TRANSFORMATIONS.(Review)
March 1, 2000... GLOBAL TRANSFORMATIONS. By David Held, Anthony McGrew, David Goldblatt, and Jonathan Perraton. Stanford: Stanford University Press, 1999. Pp. 515. $75.00 (Hardcover) Global Transformations is an ambitious volume that attempts to define,...