Being a relatively newer member to the school of Austrian economics, I have seen the world of the economics profession and its many schools of thought through many lenses…
Being a relatively newer member to the school of Austrian economics, I have seen the world of the economics profession and its many schools of thought through many lenses. Having this different perspective, I disagree with Pete Boettke on his ideas for ways to change the procedural way the Austrian school does economics. We need to be empirical about not just the economy, but of the history of economic thought. I believe the main goal should not be higher impact factors, but true progression of scientific knowledge. More focus on what we are doing, and less on counting articles.
Books that are intended as supplements to standard courses are always a bit idiosyncratic. The author or editor teaches the course a particular way, and the supplement usually supports the particularity of that person's pedagogical purposes, as well as the person's general outlook on the discipline of economics as a science. Reckoning with Markets is no exception, as my summary in the first section indicates. Halteman, who conceived the volume, teaches in a liberal arts college that expects its faculty to concern themselves with the intersections of their shared religious commitments and their various disciplines (2007). He regularly taught history of economic thought – liberal arts colleges remain one of the last bastions for the regular teaching of those courses – and like many others used the course as a way to help students set their economic studies in a larger philosophical context. The course also became a vehicle for introducing students to alternative economic paradigms, especially institutionalism. Noell teaches history of economic thought in a similar liberal arts college; their collaboration is shaped by their shared pedagogical environments and their common interests in the connections between moral philosophy and economics.
Adolescent violence towards parents (AVTP) has damaging impacts on family relationships, however, little is known about the characteristics of the families in which it…
Adolescent violence towards parents (AVTP) has damaging impacts on family relationships, however, little is known about the characteristics of the families in which it occurs. The purpose of this paper is to synthesize current knowledge of the AVTP characteristics to help to inform the development of more effective community responses.
The paper opted for a Rapid Evidence Assessment taking an ecological approach to organize current knowledge about the characteristics of both victims and perpetrators of AVTP. It synthesized 20 empirical studies identified from a systemic review of published literature.
The assessment concludes that adolescents who perpetrate AVTP typically experience high levels of comorbid mental health concerns, drug and alcohol use, anger difficulties and trauma. The victims (parents) are characterized as having strained relationships with other family members and trauma profiles.
Policy and practice responses should be tailored to systemically address needs in the identified areas. This review further illustrates the limitations of current knowledge, highlighting inconsistencies in both definitions and findings, particularly related to key characteristics.
This paper is the first of its kind to systemically search this literature and only include the most rigorously designed studies. It adds value to the developing field of AVTP by providing the scaffolding of the characteristics of families who have been impacted.
From 1782 to 1834, the English social legislation shifted from a safety net devised to deal with emergencies to a social security system implemented to cope with the…
From 1782 to 1834, the English social legislation shifted from a safety net devised to deal with emergencies to a social security system implemented to cope with the threat of unemployment and poverty. In the attempt to explain this shift, this chapter concentrates on the changed attitudes toward poverty and power relationships in eighteenth-century British society. Especially, it looks at the role played by eighteenth-century British economic thinkers in elaborating arguments in favor of reducing the most evident asymmetries of power characterizing the period of transition from Mercantilism to the Classical era. To what extent did economic thinkers contribute to creating an environment within which a social legislation aimed at improving the living conditions of the poor as the one established in 1795 could be not only envisaged but also implemented? In doing so, this chapter deals with an aspect often undervalued and/or overlooked by historians of economic thought: namely, the relationship between economic theory and social legislation. If the latter is the institutional framework by which both individual and collective well-being can be achieved the former cannot but assume a fundamental role as a useful abstraction which sheds light on the multifaceted reality in which social policies are proposed, forged, and eventually implemented.
If I do not count the introductory essay by the editors, the book Economics and Language (Henderson, et al., 1993), can be divided into three substantive parts. The first is titled rhetoric and critical theory, the second, controversy and hedging in economics, and the third, language and the history of economic thought. Again not counting the introduction, the volume consists of a total of ten essays: four in the first part and three each in the remaining two. In Part I, the reader is introduced to a realist philosophy of economic rhetoric, to Ricoeur and the significance of the hermeneutic project for economics, to Bakhtin's dialogism in the formation of the canon, and to the relevance of Derrida and of deconstructive methods for rational choice theory. Part II is concerned with the “stylistics” of two sets of material: with the “debate” between Milton Friedman and his critics; and with 11 articles chosen from a recent issue of the Economic Journal. Finally, the three essays in Part III are devoted to Adam Smith, to Edgeworth and to the response of six elementary textbooks to a “puzzle” of economic theory.
Centuries of protection have impeded innovation in the textile industry. As these protections elapse, the industry must contend with increasing competition from abroad. This raises the question: will more R&D expenditure enhance competitiveness? To assess this, we measure firm profitability using Tobin's q, the ratio of the stock market valuation of the firm compared to the book value of the firm's assets. Q values are compared to other financial ratios, and then used to assess the impact of research and development (R&D) spending. A Mann‐Whitney rank test indicates firms that conduct R&D are not more profitable, as measured by q, than those that do not conduct R&D.