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David M. Gordon advanced labour economics with his theory of labour market segmentation, in which jobs rather than the marginal productivity of individual workers were the unit of analysis. He advanced economic historiography and macroeconomics by conceptualising social structures of accumulation – a framework built on the foundation of his institutionalist training and enriched by his study of Marxist economics. By appropriating methods from other social science disciplines into econometrics, he augmented empirical analysis in economics. He was a founding member of the Union of Radical Political Economics and its journal, the Review of Radical Political Economics – that advanced and promoted heterodox, radical, and Marxist economists in the United States. His contributions to economics, to organised labour, and to the New School for Social Research, where I studied with him, were stunning.

Part 1 lays out some context about the New School Graduate Faculty where Gordon taught. Part 2 explores what historical forces, including his family, led to his expansive creativity. Part 3 summarises how he expanded labour economics to include the relations as well as the technology of production, linked his understanding of the production process to a historical materialist view of labour in the United States, then extended that to econometric analyses of the US macroeconomy. Part 4 presents a bibliometric analysis to provide some idea of the impact of his work. I end with some concluding remarks.

NO ONE WOULD BE SURPRISED by the assertion that John Bunyan made a deep impression among the devout Welsh for a century or more after his unique career. The standard evidence for such a statement is of course the number of editions of the author, and for Bunyan a special compilation of all his works printed in Wales alone between 1677 and 1931 shows the impressive total of 188 titles (no fewer than 58 of Pilgrim's Progress) in various languages. For a land with only a little over a half million inhabitants and with only two cities with over five thousand population in 1800, this is a record hard to equal, demonstrating an extraordinary devotion to a single author. Yet beyond such eloquent numerical summary another particular witness emerges from an unsuspected quarter. In the 1767 Welsh translation of The Doctrine of the Law and Grace Unfolded is dutifully included the ‘Names of the Subscribers’ underwriting the publication. This particular list is so unusual as to merit perpetuation in its entirety:

It has become accepted practice to include an evaluation alongside learning programmes that take place at work, as a means of judging their effectiveness. There is a tendency to focus such evaluations on the relevance of the intervention and the amount of learning achieved by the individual. The aim of this review is to examine existing evaluation frameworks that have been used to evaluate education interventions and, in particular, assess how these have been used and the outcomes of such activity.

A scoping review using Arskey and O’Malley’s five stage framework was undertaken to examine existing evaluation frameworks claiming to evaluate education interventions.

Forty five articles were included in the review. A majority of papers concentrate on learner satisfaction and/or learning achieved. Rarely is a structured framework mentioned, or detail of the approach to analysis cited. Typically, evaluations lacked baseline data, control groups, longitudinal observations and contextual awareness.

This review has implications for those involved in designing and evaluating work-related education programmes, as it identifies areas where evaluations need to be strengthened and recommends how existing frameworks can be combined to improve how evaluations are conducted.

This scoping review is novel in its assessment and critique of evaluation frameworks employed to evaluate work-related education programmes.

Inequality of opportunity is revealed by measures of a gender gap in education whereby women's participation is less than men's, is of shorter duration and is concentrated on lower levels of the educational pyramid. The gap is more pronounced and demonstrable in lower income regions or developing countries but, to the extent that there are discrepancies in men's and women's educational experiences in more developed countries also, the same principles apply.

Cross-border mergers and acquisitions are now the fundamental mechanisms of globalization and considered as prime vehicles for business engagement across the countries through the foreign direct investment route. Significant amounts of foreign funds are crossing the country borders for acquisitions with the objectives of earning super normal returns. But realizing super normal returns from foreign acquisitions are far more difficult than that of foreign greenfield projects or domestic M&As or greenfield projects. The super normal profit itself is “synergy” which is the main driving force for any M&A including the cross-border one. Even though foreign policies of individual countries affect cross-border M&A decisions, corporate and market-driven financial numbers significantly influence the synergy estimation. Synergy should bring in all round greater efficiency and value addition to all stakeholders. But if the cross-border deal is not financially crafted properly, it may fall flat causing more distress to the acquirer compared to domestic acquisition. The theory of synergy is well developed which mostly applies to the domestic M&As. But due to inherent differences between cross-border and domestic M&As, the same synergy theory may not apply equally to the cross-border ones. Therefore, a different connotation of synergy is propounded in this work for cross-border M&As, which can be a corollary to the conventional theory of synergy. This alternative theory of synergy aims at helping the companies in developing their own financial strategies before making their strategic decisions for cross-border M&A deals.

Review of O’Brien, D. P., & Creedy, J. (Eds.). (2010). Darwin's clever neighbor: George Warde Norman and his circle. Cheltenham: Edward Elgar. ISBN: 978-1848445574. $165.00.

A review essay on Kenneth E. Carpenter’s, The Dissemination of the Wealth of Nations in French and in France, 1776–1843. Published for The Bibliographical Society of America. New Castle, DE: Oak Knoll Press, 2003. Pp. LXIII, 255. $45.00. The Wealth of Nations is bipolar work: on the one hand it is an important philosophical treatise; on the other, it is the founding text of the discipline of economics. This characteristic gives it a unique place among the “great books” of western culture. How did a book, written over two centuries ago by a pedantic, idiosyncratic college professor come to achieve this lofty status? Although nowhere explicitly stated by the author of the work under review, this question serves as a lightning rod for his bibliographic efforts. The focus bestowed on France is justified because the reception of The Wealth of Nations (hereafter, WN) in France mirrored, in most important aspects, its reception throughout Europe. Nevertheless, the opaqueness of this book’s title masks its most fascinating feature, namely, the manner in which Carpenter unfolds the complicated answer to this central question.

We examine whether Douglas and Santerre's (1990) substitutes hypothesis obtains for bank holding companies (BHCs); i.e. whether degree of ownership concentration and salary incentives are alternative methods of aligning BHC CEO incentives with those of shareholders. Also examined is the relation between CEO salary and bonus and CEO tenure. Using a sample of 95 BHC drawn from the 1990 Forbes magazine compensation survey, we regress CEO salary and bonus against ROE, stock return, two measures of ownership concentration, and a CEO tenure variable. Our results 1) support the substitutes hypothesis as applied to BHCs, and, 2) find a negative relation between CEO salary and bonus and CEO tenure.

‘Countrymindedness’ is a resonant but perhaps manufactured term, given wide currency in a 1985 article by political scientist and historian Don Aitkin in the Annual, Australian Cultural History. Political ideology was his focus, as he charted the rise and fall ‐ from the late nineteenth century to around the 1970s ‐ of some ideological preconceptions of the Australian Country Party. These were physiocratic, populist, and decentralist ‐ physiocratic meaning, broadly, the rural way is best. Aitkin claimed the word was used in Country Party circles in the 1920s and 1930s, but gave no examples. Since the word is in no dictionary of Australian usage, or the Oxford Dictionary, coinage may be more recent. No matter. Countrymindedness is a richly evocative word, useful in analysing rural populism during the last Australian century. I suggest it can usefully be extended to analyzing aspects of the inner history of Euro‐settlement in recent centuries.