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Book part
Publication date: 3 August 2015

Jayme S. Lemke

Recognizing heterogeneity of legal/social status, historical experience, and the resulting variation in the constraints faced by different groups can be a valuable…

Abstract

Recognizing heterogeneity of legal/social status, historical experience, and the resulting variation in the constraints faced by different groups can be a valuable complement to forms of heterogeneity already recognized by Austrian economists. This is particularly true for empirical analyses of caste-based societies, women’s history, and the experiences of other currently or historically persecuted minority populations. When (1) political institutions and/or other emergent social structures establish rules that apply to some individuals but not others, (2) these non-general rules are constructed in such a way that individuals cannot easily move in and out of established groups, and (3) some of the groups created by this process hold authority over others, class structures are created that can be understood without violating methodological individualism and other key tenets of Austrian economics. Like other heterogeneities that have now become incorporated into mainstream economic thought, the development of an Austrian theory of class could advance both the Austrian tradition and economic science in general.

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New Thinking in Austrian Political Economy
Type: Book
ISBN: 978-1-78560-137-8

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Article
Publication date: 18 May 2020

Taisiia I. Krishtaleva, Elena A. Gureeva, Liliya A. Kripakova, Inna N. Rykova and Yuriy A. Krupnov

The purpose of the paper is to develop a risk-oriented approach to managing the social market economy.

Abstract

Purpose

The purpose of the paper is to develop a risk-oriented approach to managing the social market economy.

Design/methodology/approach

The first task is to determine the differences in susceptibility to the risk of the social market economy as compared to “pure” market economy. The authors use comparative analysis, variation analysis and correlation analysis for determining the dependence between quality of life in 2020 and variation of quality of life in 2012–2020, as well as variation of gross domestic product per capita in 2012–2020. The second task is to determine the perspectives of risk management of the social market economy in view of the specifics of the risk component of its functioning and development. Regression analysis is used for determining the dependence of quality of life in top ten countries with the social market economy in 2020 in the key risk factors that are peculiar for market economy and that lead to its destabilization: globalization, innovations and digitization.

Findings

It is substantiated that the unique economic and social environment predetermines the specific influence of the factors that are peculiar for the modern market economy. It is proved – by the example of top ten social market economies in 2020 – that social factors are more important for provision of stability of the social market economy than economic factors.

Originality/value

A risk-oriented approach to managing the social market economy is developed; it takes into account the specifics of the risk component of its functioning and development. The offered approach showed that the social market economy requires indirect regulation of risks through correction of institutions.

Details

International Journal of Sociology and Social Policy, vol. 41 no. 1/2
Type: Research Article
ISSN: 0144-333X

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Article
Publication date: 10 June 2020

Veronika V. Yankovskaya, Vladimir S. Osipov, Aleksei G. Zeldner, Tatiana V. Panova and Vitalii V. Mishchenko

The purpose of the article is to develop a new institutional approach to build the social market economy, which would allow balancing traditions and innovations, stability…

Abstract

Purpose

The purpose of the article is to develop a new institutional approach to build the social market economy, which would allow balancing traditions and innovations, stability and technological progress in view of the specifics and priorities of the national economy, based on which regional models of social management will be built. The research study is performed to develop new institutional approach by the example of modern Russia by determining the institutional matrix of social management in economies of the regions that achieved the highest progress in formation of the social market economy.

Design/methodology/approach

The authors use the proprietary methodology of evaluating the level of sociality of state management in region's economy, which includes the estimate formula and the scale for qualitative treatment of the results. The research subjects are top ten regions of Russia listed in the quality of life index in the year 2019.

Findings

The authors determine the regression dependence of the sociality index of state management in region's economy on the selected factors and compile the equation of multiple linear regression, as well as determine the optimal influence of the factors on state management of region's economy for increasing its sociality to the maximum level possible.

Originality/value

The specifics of building the social market economy in Russia are determined. Based on the established national peculiarities of the social market economy in Russia, the institutional matrix of social management in the Russian regions' economy is developed and it allows for optimal balance of stability and sustainability with innovations and digitalization.

Details

International Journal of Sociology and Social Policy, vol. 41 no. 1/2
Type: Research Article
ISSN: 0144-333X

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Book part
Publication date: 11 November 1994

Abstract

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Economics of Crime: Deterrence and the Rational Offender
Type: Book
ISBN: 978-0-44482-072-3

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Book part
Publication date: 1 March 2021

Matari Pierre Manigat

This chapter examines the relationship between finance capital and the transformation of the state in Rudolf Hilferding’s thought. Hilferding defines finance capital as

Abstract

This chapter examines the relationship between finance capital and the transformation of the state in Rudolf Hilferding’s thought. Hilferding defines finance capital as the fusion of banking and industry, a situation that presupposes a high degree of development of capitalist relations. Finance capital prompts a transformation of the state economic functions. This chapter considers the transfor­mation of the state and its consequent ability to deal with crises of finance capital era. It also highlights Hilferding’s pioneering contribution in sketching the bases for the great contemporary theories of State intervention in crises regulation.

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Research in the History of Economic Thought and Methodology: Including a Selection of Papers Presented at the 2019 ALAHPE Conference
Type: Book
ISBN: 978-1-80071-140-2

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Article
Publication date: 6 June 2016

Zhihong Li, Jun Li, Dong Liang and Tenpao Lee

The paper aims to develop a framework to facilitate the evaluation of the complexities of working in multi-level governance and partnership and to assess the extent to…

Abstract

Purpose

The paper aims to develop a framework to facilitate the evaluation of the complexities of working in multi-level governance and partnership and to assess the extent to which collaboration adds value in terms of both process and outcomes.

Design/methodology/approach

The paper applies the fuzzy analysis hierarchy process (FAHP) to the design of an evaluation framework for partnerships and uses data from a questionnaire survey in Wuhan, China, to validate the framework.

Findings

The paper finds that the effectiveness of multi-level governance and partnerships is primarily determined by such factors as clarity of framework for partnership, consensus on mission statement of strategic partnership, mechanisms for joint initiation and implementation of projects and removal of barriers to flow of resources.

Practical implications

The paper shows that policymakers need to adopt an evaluation approach to improve the effectiveness of multi-level governance and partnerships.

Originality/value

The paper provides a framework for building multi-level governance and partnerships in the Chinese context.

Details

Journal of Entrepreneurship in Emerging Economies, vol. 8 no. 2
Type: Research Article
ISSN: 2053-4604

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Article
Publication date: 7 July 2014

John Passant

The purpose of this paper is to look at the recent history of proposals to tax resource rents in Australia, from Australia’s Future Tax System Report (the “Henry Tax…

Abstract

Purpose

The purpose of this paper is to look at the recent history of proposals to tax resource rents in Australia, from Australia’s Future Tax System Report (the “Henry Tax Review”) through to the proposed Resource Super Profits Tax (“RSPT”) and then the Minerals Resource Rent Tax (“MRRT”). The process of change from Henry to the RSPT to the MRRT can best be understood in the context of the Australian Labor Party (ALP) as a capitalist workers’ party. The author argues that it is this tension in the ALP, the shift in its internal balance further towards capital and the lack of class struggle, that has seen Labor preside over what the father of rent tax in Australia, Ross Garnaut, describes as a “problematic” tax.

Design/methodology/approach

Qualitative research using Marxist tools.

Findings

The paper argues that the poor health of the MRRT is a consequence of the nature of the Labor Party as a capitalist workers’ party, the shifts in power and influence within its material constitution and in essence the ascendency of capital in the capitalist workers’ party.

Originality/value

A very original approach to understanding the nature of the MRRT in Australia.

Details

Accounting Research Journal, vol. 27 no. 1
Type: Research Article
ISSN: 1030-9616

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Article
Publication date: 1 September 1946

V.M. Falkner

THIS report gives a general solution of the problem of the calculation of the Glauert loading of wings with discontinuities of incidence. The three existing variations of…

Abstract

THIS report gives a general solution of the problem of the calculation of the Glauert loading of wings with discontinuities of incidence. The three existing variations of the original theory, the Glauert solution, the Gates' least squares solution, and the Lotz' solution, are not entirely satisfactory and may involve a considerable amount of labour. The present solution divides the Fourier series representing the circulation into two parts: (a) a standard solution representing the discontinuities, which includes the slowly convergent part of the solution, and which is expressible as a precise infinite series dependent only upon the position of discontinuities along the span, and (b) a secondary solution due to plan form, aspect ratio, slope of section lift curve, and so on, which is the quickly convergent part of the solution and usually requires a terminated scries of only from four to six terms. Once the standard solution has been computed, the remaining work is little more than for the standard Glauert solution for a flat wing.

Details

Aircraft Engineering and Aerospace Technology, vol. 18 no. 9
Type: Research Article
ISSN: 0002-2667

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Book part
Publication date: 20 August 2018

Ronald Klimberg and Samuel Ratick

During the past several decades, the decision-making process and the decision-makers’ role in it have changed dramatically. Because of this, the use of analytical tools…

Abstract

During the past several decades, the decision-making process and the decision-makers’ role in it have changed dramatically. Because of this, the use of analytical tools, such as Excel, have become an essential component of most organizations. The analytical tools in Excel can provide today’s decision-maker with a competitive advantage. We will illustrate several powerful Excel tools that facilitate the decision support process.

Details

Applications of Management Science
Type: Book
ISBN: 978-1-78756-651-4

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Article
Publication date: 1 March 1980

John R. King and Alexander S. Spachis

Scheduling is defined by Baker as, “the allocation of resources over time to perform a collection of tasks”. The term facilities is often used instead of resources and the…

Abstract

Scheduling is defined by Baker as, “the allocation of resources over time to perform a collection of tasks”. The term facilities is often used instead of resources and the tasks to be performed may involve a variety of different operations.

Details

International Journal of Physical Distribution & Materials Management, vol. 10 no. 3
Type: Research Article
ISSN: 0269-8218

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