Journal of Economic Issues articles from September 2002

Journal of Economic Issues archives from September 2002

Firms in a neoliberal transition: the case of Mexico 1990-1994.
September 1, 2002... Situating Moral Hazard This paper takes issue with a bifurcation in analyses of the crises that often follow neoliberal reforms. As is evident in the literature on the recent East Asian crises, analysts tend to split into a neoclassical...

The child labor problem and the need for International Labor standards.
September 1, 2002... Child Labor as a Problem of Labor Markets and Economic Development The problem of exploitative child labor has received much attention in recent years. According to the International Labor Organization (ILO) there are approximately 250...

Wage inequality and collective bargaining: hotels and casinos in Nevada.
September 1, 2002... A bulk of the research on rising wage inequality has focused on the national or international levels and has demonstrated that weakening wage-setting institutions such as collective bargaining play a significant role in explaining the growth in...

The minimum wage and regional wage structure: implications for income distribution.
September 1, 2002... The issue of the minimum wage in the United States is often couched as a debate between those arguing the youth disemployment effects on one hand and those arguing the potential benefits to those in poverty on the other. Because most minimum...

Are transformed workplaces more productively efficient?
September 1, 2002... For almost two decades now, the organization of production has been undergoing rapid transformation in both developed and developing economies. The changes represent an attempt by employers to improve productivity and product quality through...

The use of power blocs of integrated corporate directorships to articulate a power structure: case study and research recommendations.(Statistical Data Included)
September 1, 2002... The purpose here is the explanation of five related concerns. First, we explain a new method to analyze and measure the network of interlocks among the directors of different corporations. Second, we use the method articulated is used to...

The construction of market institutions in Russia: a view from the institutionalism of Polanyi.(Karl Polanyi)
September 1, 2002... After a decade of economic transition in Russia there is still no theoretic analysis which coherently interprets it. Various analytic approaches have been tried. The ones that stand out as important are those which have stemmed from a...

De-collectivization in Czech and Slovak agriculture: an institutional explanation.
September 1, 2002... The change we observe is seldom discontinuous. Douglass North One of the surprises in the post-socialist transformation process in Central and Eastern Europe has been the persistence of production structures in the agricultural...

Using motive to distinguish social capital from its outputs.
September 1, 2002... The concept of capital as a productive input to an economy has been extended from physical capital goods (machines, buildings, and so on) to human capital (skills) and more recently to social capital. But much more work remains to make social...

The analysis of welfare state reform: why the "Quasi-Markets" narrative is descriptively inadequate and misleading.
September 1, 2002... My basic objection to the theory of general equilibrium is not that it is abstract, but that it starts from the wrong kind of abstraction, and therefore gives a misleading "paradigm"... of the world as it is: it gives a misleading impression of...

Regulatory lessons from the South Korean currency crisis: comment on Zalewski. (Notes and Communications).(David Zalewski)
September 1, 2002... Korea experienced a financial crisis in 1997-1998 after three decades' rapid economic growth. Since most economists thought that the Korean economy had good economic fundamentals, the occurrence of a financial crisis in Korea was surprising....

Regulatory lessons from the South Korean currency crisis: a reply to Jai S. Mah. (Notes and Communications).
September 1, 2002... Professor Jai S. Mah criticizes my "Brothers, Can You Spare $58 Billion? Regulatory Lessons from the South Korean Currency Crisis" (henceforth, "Brothers") for failing to describe the underlying causes of the crisis and for neglecting to...

The Metaphysical Club. (Book Reviews).
September 1, 2002... The Metaphysical Club by Louis Menand. New York: Farrar, Straus & Giroux. 2001. Cloth, ISBN: 0374199639, $27.00. 546 pages. From the first review of it, The Metaphysical Club was a book that I knew would have a profound impact upon my...

The Discretionary Economy: A Normative Theory of Political Economy. (Book Reviews).
September 1, 2002... The Discretionary Economy: A Normative Theory of Political Economy (with a new introduction by the author) by Marc R. Tool. New Brunswick and London: Transaction Publishers. 2001. Paper, ISBN:0765806932, $29.95. 350 pages. Marc Tool's The...

Working in America: A Blueprint for the New Labour Market. (Book Reviews).
September 1, 2002... Working in America: A Blueprint for the New Labour Market by Paul Osterman, Thomas A. Kochan, Richard M. Locke, and Michael J. Piore. Cambridge: MIT Press. 2001. Cloth, ISBN: 0262151057, $29.95. Osterman, Kochan, Locke, and Piore's Working...

Knowledge Emergence: Social, Technical, and Evolutionary Dimensions Of Knowledge Creation. (Book Reviews).
September 1, 2002... Knowledge Emergence: Social, Technical, and Evolutionary Dimensions Of Knowledge Creation, edited by Ikujiro Nonaka and Toshihiro Nishiguchi. New York: Oxford Press. 2001. Cloth, ISBN: 0195130634, $35.00. 303 pages. There is a fine line...

Postmodernism, Economics, and Knowledge. (Book Reviews).
September 1, 2002... Postmodernism, Economics, and Knowledge, edited by Stephen Cullenberg, Jack Amariglio, and David F. Ruccio. London and New York: Routledge. 2001. Paper, ISBN: 0415110254, $36.95. 495 pages. Nazis? No, man, they were worse than Nazis. They...

Social Capital: Critical Perspectives. (Book Reviews).
September 1, 2002... Social Capital: Critical Perspectives, edited by Stephen Baron, John Field, and Tom Schuller. Oxford: Oxford University Press. 2000. Paper, ISBN: 0199243670, $24.95. 307 pages. The subtitle of this collection states its theme, namely that...

Revolution, American Style: The 1960s and Beyond. (Book Reviews).
September 1, 2002... Revolution, American Style: The 1960s and Beyond by Paul N. Goldstene. Novato, Calif.: Chandler and Sharp. 1997. Paper, ISBN: 0883 16566X, $12.95. 136 pages. Social scientists who believe that democracy in the United States is under attack...

The Economics of Sports. (Book Reviews).
September 1, 2002... The Economics of Sports, edited by William S. Kern. W. E. Upjohn Institute for Employment Research. 2000. Cloth, ISBN: 0880992107, $33.00/paper, ISBN: 0880992093, $14.00. 146 pages. One used to turn to the sports pages to find reports and...

Culture and Subjective Well-Being. (Book Reviews).
September 1, 2002... Culture and Subjective Well-Being, edited by Ed Diener and Eunkook M. Suh. Cambridge: The MIT Press. 2000. Cloth, ISBN: 0262041820, $45.00 367 pages. Clarence Ayres drew attention to two major concerns. One is that economics should be a...

The Political Economy of Hope and Fear: Capitalism and the Black Condition in America. (Book Reviews).
September 1, 2002... The Political Economy of Hope and Fear: Capitalism and the Black Condition in America by Marcellus Andrews. New York University Press: New York. 1999. Cloth, ISBN: 0814706797, $29.95.198 pages. Marcellus Andrews has written a fascinating...

Books received.(Bibliography)
September 1, 2002... ACKRILL, MARGARET, and LESLIE HANNAH, eds. Barclays: The Business of Banking 1960-1996. New York, N.Y.: Cambridge University Press, 2001. Pp. 481. Cloth $60.00. ALBRITTON, ROBERT. Dialectics and Deconstruction in Political Economy. New...