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1 – 6 of 6C. Gustav Lundberg and Brian M. Nagle
This study explores feedback-induced and spontaneous postdecision restructuring in a complex decision environment. We examine the impact of experience, decision norms, and the…
Abstract
This study explores feedback-induced and spontaneous postdecision restructuring in a complex decision environment. We examine the impact of experience, decision norms, and the actual decision on postdecision restructuring tendencies. Experienced and novice auditors performed an aspect rating task as part of a going concern judgment. After a break, all participants were asked to recreate their decision stage aspect ratings, but only the experiment group received outcome feedback. We find that the restructuring tendencies are impacted primarily by experience and the original audit report choice. The post-decision restructuring more often than not is a result of adjustments made by participants lacking outcome feedback. This spontaneous defense is particularly vigorous when the report choice violates perceived experience-group norms and base-rates
Elaborates on dialogue between Laureates Ragnar Frisch and Jon Tinbergen with regard to an evaluation of their judicious contributions to the science of economics (the two were…
Abstract
Elaborates on dialogue between Laureates Ragnar Frisch and Jon Tinbergen with regard to an evaluation of their judicious contributions to the science of economics (the two were first recipients of the economic science prize in 1969). Investigates the open conflict between classical and modern modes in reasoning in economics. Gives an in‐depth summation of the lecture by Frisch.
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Based upon the conformity of its ideals and economic policies withthose of social economics and the performance of its economy, it isconcluded that the Swedish economy exemplifies…
Abstract
Based upon the conformity of its ideals and economic policies with those of social economics and the performance of its economy, it is concluded that the Swedish economy exemplifies a viable social economy. This conclusion is reached following analysis of: the basic tenets and propositions of social economics; the origins of the modern Swedish economy; Sweden′s economic policies since 1932; the degree to which Swedish ideals and economic policies conform to those of social economics; and the performance of the Swedish economy.
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In a recent essay entitled “Value‐relevant Sociology”, David Gray (1983:405–416) argues that if sociology has to be socially relevant, “it is essential that sociology becomes…
Abstract
In a recent essay entitled “Value‐relevant Sociology”, David Gray (1983:405–416) argues that if sociology has to be socially relevant, “it is essential that sociology becomes consciously value‐relevant, not value‐free.” He maintains that sociologists cannot analyse the consequences of social structure, forces, and change in a value‐free context if their works are to be relevant for social policies. He then goes on to say, “Between the extremes of value‐free, non‐relevant, sometimes trivial, sociology on the one hand, and immediate response to pressing socioeconomic problems and prevailing political winds on the other, where does the significant sociology lie?” (1983:406). For Gray, both extremes are inappropriate for a worthy academic discipline.
Wicksell's contributions to welfare economics are viewed as largely aligned with Pareto efficiency and James Buchanan's work in public choice. This conflicts with the Scandinavian…
Abstract
Purpose
Wicksell's contributions to welfare economics are viewed as largely aligned with Pareto efficiency and James Buchanan's work in public choice. This conflicts with the Scandinavian representation of Wicksell as the forefather of the modern Swedish socialist economy. The purpose of this paper is to examine Wicksell's approach to economics, particularly his understanding of “justice” as a way to understanding the evolution of two such divergent traditions.
Design/methodology/approach
Original academic and popular press writings, as well as archival materials, are used to examine Wicksell's economic philosophy and his position on key aspects of welfare economics, including the relative importance of allocation versus distribution in policy decision making. His influence on the American public choice tradition and Swedish welfare economics is examined.
Findings
Both the public choice and Swedish welfare traditions based on Wicksell's justice represent overly simplistic interpretations and fail to explain how Wicksell could have such a significant impact on the development of two such divergent approaches to public economics.
Originality/value
Wicksell's strong association with Pareto efficiency and the public choice school is unfortunate because de‐emphasizes the importance Wicksell placed on distributional considerations and overly simplifies his use of the term “justice.” Similarly, the Swedish economists failed to appreciate efficiency arguments and chose instead to emphasize Wicksell's distributional concerns. This paper sheds light on where the misapprehension arose and how it can be better understood.
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