Search results

This chapter investigates the nature of the transformation of macroeconomics by focusing on the impact of the Great Depression on economic doctrines. There is no doubt that the Great Depression exerted an enormous influence on economic thought, but the exact nature of its impact should be examined more carefully. In this chapter, I examine the transformation from a perspective which emphasizes the interaction between economic ideas and economic events, and the interaction between theory and policy rather than the development of economic theory. More specifically, I examine the evolution of what became known as macroeconomics after the Depression in terms of an ongoing debate among the “stabilizers” and their critics. I further suggest using four perspectives, or schools of thought, as measures to locate the evolution and transformation; the gold standard mentality, liquidationism, the Treasury view, and the real-bills doctrine. By highlighting these four economic ideas, I argue that what happened during the Great Depression was the retreat of the gold standard mentality, the complete demise of liquidationism and the Treasury view, and the strange survival of the real-bills doctrine. Each of those transformations happened not in response to internal debates in the discipline, but in response to government policies and real-world events.

Paul Samuelson was attracted to the irregular economic development pattern of some South American countries because of the links between economic performance and political factors. He discussed the influence of “populist democracy” on Argentina’s relative economic stagnation, which, he argued in the 1970s and early 1980s, served as a dangerous paradigm for the American economy under stagflation. Stagflation phenomena marked the end of Samuelson’s “neoclassical synthesis.” Moreover, he applied his concept of “capitalist fascism” to deal with military dictatorships in Brazil and (especially) in Chile. The Brazilian translation of his Economics in 1973 brought about a correspondence with Brazilian economists about the “fascist” features of the regime. The main variable behind the South American economic and politically unstable processes discussed by Samuelson was economic inequality, which became also a conspicuous feature of the American economy since the adoption of market-based policies in the 1980s and after.

After the end of the Napoleonic War, few issues of public policy dominated discussions in England as fervently as the issue of currency and the national debt. A time of civil unrest and social radicalisation, the circulation of ideas and pamphlets was prolific. The difficulties of post-war reconstruction sparked a long debate on issues of monetary reform and repayment of the national debt. The growth of national debt increased the size of the financial market and had important consequences for a changing class dynamic in domestic political affairs. The distributional aspects of the conflict were present, as was the satirical mockery of mishandling of public affairs. In much of the subsequent scholarship the organisation of taxation and expenditure, and the financial system and the issue of currency have been analysed as separate. This chapter brings them together. In particular, it focuses on Ricardo’s monetary thought and his views on public finance and contextualises them in light of his contemporaries.

Purpose – Recent research on the gender culture and femininity of adolescent girls found that girls construct their gender identity in various ways that are intertwined with race, ethnicity, social class, and sexual orientation. However, these existing studies focused on either general schoolgirls (see Ali, S. (2003). To be a girl: Culture and class in schools. Gender and Education, 15(3), 269–283; Bettie (2003); Weiler, J. D. (2000). Codes and contradictions: Race, gender identity and schooling. Albany, NY: State University of New York Press; Renold, E. (2005). Girls, boys and junior sexualities: Exploring children's gender and sexual relations in the primary school. London: Routledge) or delinquent girls in a gang (see Miller, J. (1998). Gender and victimization risk among young women in gangs. Journal of Research in Crime and Delinquency, 35, 429–453; Miller (2001); Joe-Laidler & Hunt (2001); Schalet, A., Hunt, G., & Joe-Laidler, K. (2003). Respectability and autonomy: The articulation and meaning of sexuality among the girls in the gang. Journal of Contemporary Ethnography, 32, 108–143; Messerschmidt (1995); Messerschmidt, J. W. (1997). Crime as structured action: Gender, race, class, and crime in the making. Thousand Oaks, CA: Sage), and only a few studies paid attention to girls who showed overt oppositional behaviors at school.

Methods – The research uses qualitative methods and explores the gender identity of two adolescent girls in a junior high school in Taiwan, who are regarded as problem or “bad” girls by the school faculty.

Results – The two girls both manifested “ladette” culture (Jackson, 2006). On the one hand, they showed masculine behaviors such as fighting, troublemaking, disobeying school regulations, and using drugs and alcohol. On the other hand, they deliberately emphasized their femininity and sexual maturity in the way they dressed, talked, and behaved.