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Article
Publication date: 12 March 2018

Colleen E. Haight and Nikolai G. Wenzel

Subsequent to the First World War, the French Government regulated the Champagne industry, and locked the status of protected (and excluded) grapes into the new…

Abstract

Purpose

Subsequent to the First World War, the French Government regulated the Champagne industry, and locked the status of protected (and excluded) grapes into the new Appellation d’Origine Contrôlée system, forever altering the incentives and output of wine producers. The paper aims to discuss these issues.

Design/methodology/approach

As a result, some indigenous varietals have disappeared entirely from the region – and a handful remain only in the vineyards and bottles of a few bold entrepreneurs, constituting less than 1 percent of Champagne production.

Findings

The authors assess several traditional explanations (from taste and preferences to agricultural resilience)-and dismiss them as unconvincing. Instead, the authors adopt a public choice framework of regulatory capture to explain the puzzle of thwarted entrepreneurship and consumer choice.

Originality/value

This paper is original.

Details

Journal of Entrepreneurship and Public Policy, vol. 7 no. 1
Type: Research Article
ISSN: 2045-2101

Keywords

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Article
Publication date: 4 September 2017

Petra C. Besenhard and Nikolai G. Wenzel

The purpose of this paper is to study the decline of the Tuareg, and explore the emergence of traditional elements of Tuareg culture to circumvent formal barriers to trade.

Abstract

Purpose

The purpose of this paper is to study the decline of the Tuareg, and explore the emergence of traditional elements of Tuareg culture to circumvent formal barriers to trade.

Design/methodology/approach

This paper examines the history of the Tuareg through the lens of the New Development Economics.

Findings

This paper examines three elements of past Tuareg wealth: the caravan trade as spontaneous order; the unintended consequences of forced modernization policies under colonization and post-colonial states; and contemporary problems from hindered freedom of trade. The bad news is that the Tuareg are facing impediments from failed states with low economic and political freedom. The good news is that traditional elements in the Tuareg’s entrepreneurial culture are re-emerging to circumvent formal barriers.

Research limitations/implications

The literature on the Tuareg is largely pessimistic, as the Tuareg’s traditions have largely been quashed by post-colonial boundaries and failed states. The New Development Economics offers a new perspective, with two implications. First, there is hope for the Tuareg, and a possible win-win, if the local states adopt a policy of laissez faire and international trade, rather than assimilation or repression. Second, this theoretical lens can be used in other cases throughout Africa (and the world) involving post-colonial borders.

Originality/value

There already exists a rich literature on the Tuareg. This paper uses the New Development Economics to examine the history of the Tuareg’s decline – and to find hope in traditional elements of Tuareg entrepreneurship emerging to circumvent local failed (and predatory) states.

Details

International Journal of Development Issues, vol. 16 no. 3
Type: Research Article
ISSN: 1446-8956

Keywords

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Book part
Publication date: 22 February 2010

Nikolai G. Wenzel

Purpose – To show that Hayek's cognitive theory sheds light on Hayek's institutional theory.Methodology/Approach – Although F. A. Hayek contributed richly to many fields…

Abstract

Purpose – To show that Hayek's cognitive theory sheds light on Hayek's institutional theory.

Methodology/Approach – Although F. A. Hayek contributed richly to many fields of economics – from capital theory to monetary theory, and from institutions to spontaneous order – one theme is omnipresent in his work: the knowledge problem. This paper examines Hayek's work in psychology, The Sensory Order, and argues that there exist strong parallels between Hayek's cognitive and institutional theories.

Findings – Hayek's institutional (or social) theory makes a lot more sense when understood as a necessary consequence of his cognitive theory. Furthermore, Hayek's cognitive theory allows for rational individuals making choices that are socially embedded.

Research limitations/implications – Three Hayekian themes are explored: (1) institutional implications of limited knowledge; (2) learning and knowledge generation; and (3) mental models. The paper then uses a challenge within Hayek – the tension between microlevel methodological individualism and macrolevel institutional evolution – as a starting point toward resolving the lingering individual-culture methodological puzzle in contemporary economics. These are mere starting points for further research.

Originality/value of paper – Horwitz (2000) writes that “Hayek's thought will have come to fruition when the social sciences abandon rationalist and constructivist explanations of social phenomena in favor of ones that recognize the roles of tacit and contextual knowledge, institutional evolution, and spontaneous order. Such an approach would dramatically improve our understanding of the human mind.” This paper offers a step in that direction.

Details

The Social Science of Hayek's ‘The Sensory Order’
Type: Book
ISBN: 978-1-84950-975-6

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Book part
Publication date: 22 February 2010

William N. Butos

Purpose – Overview of Hayek's cognitive theory and the contributions of chapters.Methodology/approach – Perspective on significance of Hayek's cognitive theory for the…

Abstract

Purpose – Overview of Hayek's cognitive theory and the contributions of chapters.

Methodology/approach – Perspective on significance of Hayek's cognitive theory for the social sciences.

Findings – Hayek's cognitive theory provides insight into his oeuvre; more importantly, it is relevant for social theory in its own right.

Research limitations/implications – Hayek's cognitive theory warrants further attention by economists and social theorists interested in evolutionary social processes.

Originality/value of paper – To counter a widespread view that the contribution to economics and social science of Hayek's cognitive theory is largely confined to methodology. Hayek's cognitive theory also provides a useful framework for furthering the understanding of evolution within the social realm.

Details

The Social Science of Hayek's ‘The Sensory Order’
Type: Book
ISBN: 978-1-84950-975-6

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Book part
Publication date: 22 February 2010

Abstract

Details

The Social Science of Hayek's ‘The Sensory Order’
Type: Book
ISBN: 978-1-84950-975-6

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Article
Publication date: 1 March 1990

Thomas J. Michalak

Historically, libraries have always included special features in their catalogs to meet local needs. This trend has changed over the years as cataloging standards have…

Abstract

Historically, libraries have always included special features in their catalogs to meet local needs. This trend has changed over the years as cataloging standards have been developed and accepted. The sheer volume of materials and the rising costs of operations have also curtailed the customizing of local records. However, the desirability of enhancing local records has been readdressed at Carnegie Mellon University. It has undertaken an experimental project to enhance catalog records for new books that meet defined criteria: for example, the books contain “citable” references in the table of contents; chapter titles, while not separately citable, do contain additional useful information; and exhibition catalogs cover 25 or fewer artists. The criteria for and process of enhancing records are discussed, and sample screen displays are illustrated.

Details

Library Hi Tech, vol. 8 no. 3
Type: Research Article
ISSN: 0737-8831

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Article
Publication date: 27 July 2020

M. Garrett Roth and Ryan Morris

This paper assesses the efficacy of the 18 small business development centers (SBDCs) located throughout the state of Pennsylvania during 2013–2016 as a proxy for publicly…

Abstract

Purpose

This paper assesses the efficacy of the 18 small business development centers (SBDCs) located throughout the state of Pennsylvania during 2013–2016 as a proxy for publicly funded, small business consulting services in general.

Design/methodology/approach

The paper compares the sales growth of SBDC clients, as reported in postconsultation surveys, to comparable growth measures for the corresponding business population using one- and two-sample t-tests.

Findings

The results show that respondent clients with existing businesses clearly outperform the broader population following consultation, both in aggregate and when decomposed by region and industry.

Research limitations/implications

Although the best available data, the results are tempered by low response rates and self-reporting.

Originality/value

The paper empirically demonstrates that SBDC clients experience higher growth in sales and employment following their consultation than the broader business population. The net benefit of such services is, however, impossible to determine.

Details

Journal of Entrepreneurship and Public Policy, vol. 9 no. 3
Type: Research Article
ISSN: 2045-2101

Keywords

Content available
Article
Publication date: 8 December 2020

Nick Cowen and Rachela Colosi

The purpose is to assess the impact of online platforms on the sex industry, focusing specifically on direct sex work, and evaluate what approaches to platform regulation…

Abstract

Purpose

The purpose is to assess the impact of online platforms on the sex industry, focusing specifically on direct sex work, and evaluate what approaches to platform regulation is likely to align with the interests of sex workers.

Design/methodology/approach

The paper presents a review of interdisciplinary conceptual and empirical literature on sex work combined with analysis of key issues using a transaction cost framework.

Findings

Online platforms generally make sex work safer. Regulation aimed at preventing platforms from serving sex workers is likely to harm their welfare.

Research limitations/implications

Regulation of online platforms should take great care to differentiate coercive sex from consensual sex work, and allow sex workers to experiment with governance mechanisms provided by entrepreneurs.

Originality/value

The paper demonstrates how a transactions costs approach to market behaviour as applied to personal services like ridesharing can also shed light on the challenges that sex workers face, partly as a result of criminalisation, and the dangers of over-regulation.

Details

Journal of Entrepreneurship and Public Policy, vol. 10 no. 2
Type: Research Article
ISSN: 2045-2101

Keywords

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