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Book part
Publication date: 30 September 2014

Encarnación M. Parrado-Gallardo, Elena Bárcena-Martín and Luis J. Imedio-Olmedo

In this paper, we use the distributions of order statistics to define functions with the appropriate properties to represent social preferences regarding income distributions…

Abstract

In this paper, we use the distributions of order statistics to define functions with the appropriate properties to represent social preferences regarding income distributions. Following the approach of Yaari (1987, 1988), this allows constructing a set of social welfare functions from which the corresponding inequality indices are derived. The obtained measures incorporate diverse normative criteria, with different degrees of preference for equality. The generalized Gini coefficients and the family of indices proposed by Aaberge (2000) are obtained as particular cases. This approach allows interpreting each inequality measure in terms of the statistics computed from a randomly selected sample and the identification of unbiased estimators of the Social Welfare Functions. It also shows that each of the families of inequality indices are obtained from the moments of the order statistics and, therefore, each of the families characterizes any income distribution with finite mean. This characterization is very useful in the case of distributions with heavy tail and pronounced positive skew that shows only a few potential moments.

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Economic Well-Being and Inequality: Papers from the Fifth ECINEQ Meeting
Type: Book
ISBN: 978-1-78350-556-2

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Book part
Publication date: 26 November 2020

Abstract

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International Perspectives on Gender and Higher Education
Type: Book
ISBN: 978-1-83909-886-4

Book part
Publication date: 24 May 2007

Frederic Carluer

“It should also be noted that the objective of convergence and equal distribution, including across under-performing areas, can hinder efforts to generate growth. Contrariwise

Abstract

“It should also be noted that the objective of convergence and equal distribution, including across under-performing areas, can hinder efforts to generate growth. Contrariwise, the objective of competitiveness can exacerbate regional and social inequalities, by targeting efforts on zones of excellence where projects achieve greater returns (dynamic major cities, higher levels of general education, the most advanced projects, infrastructures with the heaviest traffic, and so on). If cohesion policy and the Lisbon Strategy come into conflict, it must be borne in mind that the former, for the moment, is founded on a rather more solid legal foundation than the latter” European Commission (2005, p. 9)Adaptation of Cohesion Policy to the Enlarged Europe and the Lisbon and Gothenburg Objectives.

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Managing Conflict in Economic Convergence of Regions in Greater Europe
Type: Book
ISBN: 978-1-84950-451-5

Abstract

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Cognitive Economics: New Trends
Type: Book
ISBN: 978-1-84950-862-9

Book part
Publication date: 30 June 2020

Elizabeth Friesen

Abstract

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The World Economic Forum and Transnational Networking
Type: Book
ISBN: 978-1-83982-459-3

Book part
Publication date: 20 May 2005

Robert S. Goldfarb and Thomas C. Leonard

Distribution concerns who gets what. But does “who” refer to the personal distribution of income among individuals or the functional distribution of income among suppliers of…

Abstract

Distribution concerns who gets what. But does “who” refer to the personal distribution of income among individuals or the functional distribution of income among suppliers of productive factors? For nearly 150 years, Anglophone distribution theory followed the Ricardian emphasis on functional distribution – the income shares of labor, land, and capital. Only beginning in the 1960s, and consolidated by a research outpouring in the early 1970s, does mainstream economics turn to the personal conception of distribution. This essay documents Anglophone (primarily American) economics’ move from functional to personal distribution, and tries to illuminate something of its causes and timing.

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A Research Annual
Type: Book
ISBN: 978-1-84950-316-7

Book part
Publication date: 10 July 2020

Reinhard Schumacher and Scott Scheall

During the last years of his life, the mathematician Karl Menger worked on a biography of his father, the economist and founder of the Austrian School of Economics, Carl Menger…

Abstract

During the last years of his life, the mathematician Karl Menger worked on a biography of his father, the economist and founder of the Austrian School of Economics, Carl Menger. The younger Menger never finished the work. While working in the Menger collections at Duke University’s David M. Rubenstein Rare Book and Manuscript Library, we discovered draft chapters of the biography, a valuable source of information given that relatively little is known about Carl Menger’s life nearly a hundred years after his death. The unfinished biography covers Carl Menger’s family background and his life through early 1889. In this chapter, the authors discuss the biography and the most valuable new insights it provides into Carl Menger’s life, including Carl Menger’s family, his childhood, his student years, his time working as a journalist and newspaper editor, his early scientific career, and his relationship with Crown Prince Rudolf.

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Research in the History of Economic Thought and Methodology: Including a Symposium on Economists and Authoritarian Regimes in the 20th Century
Type: Book
ISBN: 978-1-83867-703-9

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Book part
Publication date: 17 September 2012

Claire E. Rasmussen

Scheingold's The Politics of Rights and The Political Novel while having different objects of study at the center of their analyses, both concern themselves with the difficulties…

Abstract

Scheingold's The Politics of Rights and The Political Novel while having different objects of study at the center of their analyses, both concern themselves with the difficulties in producing meaningful social change on a late modern political terrain. His critiques of rights-claiming are echoed in debates over the practical and philosophical difficulties incorporating animals into contemporary legal regimes. This chapter considers insights from Scheingold's two texts arguing that his insights into the legal imaginary in the latter text anticipates the critique of animal rights while his emphasis on the fictional imaginary in the former text can also be found in contemporary texts that suggest animals can help us rethink political agency.

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Special Issue: The Legacy of Stuart Scheingold
Type: Book
ISBN: 978-1-78190-344-5

Book part
Publication date: 6 December 2011

Jan Willem Lindemans

Purpose – To answer the following questions: Is all knowledge based on “experience” in Hayek's view? Was he an “empiricist” or a “Kantian”? In what sense?Methodology/approach …

Abstract

Purpose – To answer the following questions: Is all knowledge based on “experience” in Hayek's view? Was he an “empiricist” or a “Kantian”? In what sense?

Methodology/approach – Starting from a thorough analysis of Hayek's explicit ideas about empiricism and experience in The Sensory Order and some related writings, I reconstruct his epistemology but also try to improve on it with the help of some other philosophers.

Findings – Empiricism has many meanings depending on how you define “experience.” Hayek is not a “sensationalist empiricist” because he does not believe that all knowledge is based on “sense experience.” However, given his ideas of “pre-sensory experience” and “experience of the race,” Hayek is a “post-positivist empiricist.” His empiricism can be improved upon by privileging what I call “selective experience.”

Research implications – The next step is to analyze Hayek's market economics and philosophy of science to see which kind of experience guides Hayekian entrepreneurs and scientists. If this line of research is continued, practical and social implications might follow.

Originality/value of the chapter – The question whether Hayek was an “empiricist” or a “Kantian” is an old question. However, this chapter is the first systematic analysis of his “empiricist” epistemology and his concept of “experience.” Moreover, it has value beyond Hayek scholarship since, in the general empiricism debate, epistemologists have almost ubiquitously assumed that “experience” means “sense experience.”

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Hayek in Mind: Hayek's Philosophical Psychology
Type: Book
ISBN: 978-1-78052-399-6

Keywords

Book part
Publication date: 9 July 2010

Thomas C. Powell, Noushi Rahman and William H. Starbuck

This chapter explores the origins of the theme of competitive advantage in 19th and early 20th century economics. This theme, which forms the core of modern Strategic Management…

Abstract

This chapter explores the origins of the theme of competitive advantage in 19th and early 20th century economics. This theme, which forms the core of modern Strategic Management, was a battleground for debates about the value of abstract theory versus observations about real-life events. Intellectual genealogies, citations, and other sources show the central roles played by the University of Vienna and Harvard University. These two institutions strongly influenced the theory of monopolistic competition as well as all three modern views of competitive advantage – the industrial as expressed by Porter, the resource-based as expressed by Penrose, and the evolutionary as expressed by Schumpeter.

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The Globalization of Strategy Research
Type: Book
ISBN: 978-1-84950-898-8

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