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1 – 10 of 597This paper seeks to evaluate how some of the core general principles of heterodox political economy (HPE) can be applied to the issue of how HPE has managed to undergo resurgence…
Abstract
Purpose
This paper seeks to evaluate how some of the core general principles of heterodox political economy (HPE) can be applied to the issue of how HPE has managed to undergo resurgence and development over recent decades.
Design/methodology/approach
Four major principles of heterodoxy are applied successively to this issue: historical specificity; contradiction; heterogeneous agents and groups; and circular and cumulative causation.
Findings
These principles assist in comprehending how HPE is able to develop its own concepts, networks, publications, academic departments, teaching and policy‐relevant material.
Research limitations/implications
HPE has had considerable success in developing a conceptual apparatus, which helps to explain the emergence of much of its edifice being developed in academic and policy circles. The performance of HPE has been impressive.
Practical implications
The conceptual apparatus of heterodoxy can be applied to real world situations; specifically a component of world history over especially the past 40 years.
Originality/value
This is the first time such a theme has been explored in the literature.
Details
Keywords
Scrutinises legal, ethical and efficiency standards for and against insider trading. The main arguments supporting insider trading are that it promotes economic efficiency and…
Abstract
Scrutinises legal, ethical and efficiency standards for and against insider trading. The main arguments supporting insider trading are that it promotes economic efficiency and enterprise. The primary argument against insider trading is that it can be a breach of fiduciary duty; the other arguments of asymmetrical information, in‐principle unequal access to information, and misappropriation seem relatively difficult to accept. On balance, it seems that insider trading may possibly be organised in firms so long as policies are transparent, shareholders accept the practice and certain measures are taken to reduce the incidence of free riders. However, the current state of knowledge on the subject makes it very difficult to come to unequivocal conclusions about whether aspects of it should be illegal or not. Much more theoretical and empirical work is needed on the ethical and social foundations of capitalism, insider trading in general, potential conflict of interest between innovators and shareholders, free riders, possible lack of confidence in the market, and in what ways illegality changes the behaviour of agents.
Details
Keywords
Like the quixotic character that never knew that he was speaking all through his life in pure and simple prose, Gandhi never realized that what he was preaching and practicing…
Abstract
Like the quixotic character that never knew that he was speaking all through his life in pure and simple prose, Gandhi never realized that what he was preaching and practicing throughout his life was in fact the basic principles and theories that could be subsumed under the contemporary discipline of political economy (PE). Gandhian political economy (GPE) is replete with many of the characteristics of classical and Marxian political economy and these are mentioned at relevant places throughout this work. It also assimilates some of the major features of contemporary heterodox political economy, in particular, the class analysis of Neo‐Marxism; gender, ethnicity and class analysis of Feminist political economy; the analysis of justice, ethics and institutional trust of social political economy; the analysis of the significance of institutions and institutional change of the institutional‐evolutionary political economy; and the importance of the interdisciplinary focus on contemporary issues like development and international political economy.
The article seeks to identify and examine HPE concepts and ideas that help teach community economic development to college students.
Abstract
Purpose
The article seeks to identify and examine HPE concepts and ideas that help teach community economic development to college students.
Design/methodology/approach
The paper's discussion is situated within a descriptive account of the learning context, content and structure of a course on community economic development. Selected course readings are analyzed to identify heterodox concepts and to illustrate how they assist in helping students think critically about community economic development.
Findings
The course readings prove fruitful ground for the identification and examination of a range of heterodox concepts and ideas used to help students to think critically about community economic development issues.
Research limitations/implications
Although successful in examining the contributing roles of heterodoxy in teaching community economic development, the study relied on only one course syllabus.
Practical implications
The article offers a practical way to gauge the use of heterodoxy in the classroom. It provides a case study example of how courses could be adopted to teach heterodox economic concepts and ideas.
Originality/value
The article presents a case study of the use of heterodoxy to help students think creatively and critically, and as such, provides an exemplar for other professors to adopt a similar approach.
Details
Keywords
The methodological boundary of the GPE is demarcated by truth and non‐violence. It needs to be emphasised that the GPE is dependent on a type of methodological individualism where…
Abstract
The methodological boundary of the GPE is demarcated by truth and non‐violence. It needs to be emphasised that the GPE is dependent on a type of methodological individualism where individuals matter most in the operation of the whole system. Individuals are the true entities and their holistic development is the basic purpose of the GPE, and this goes a long way to achieve the desideratum of a self‐reliant society. These are the basic instrument variables so to say. To ignore the development of individuals in the system of the GPE is like playing Hamlet without the prince of Denmark. For the proper working of the Gandhian system, many instruments, and institutional and organisational changes are indeed necessary and in some cases, what Schumpeter calls creative destruction, becomes inevitable. Gandhi's methodology was a combination of both realism and idealism. Very often he used the method of eclecticism through a fusion of empirical pragmatism with metaphysical idealism. This is evident in many of his writings including the theory of state, and political and social philosophy.
Compiled by K.G.B. Bakewell covering the following journals published by MCB University Press: Facilities Volumes 8‐18; Journal of Property Investment & Finance Volumes 8‐18;…
Abstract
Compiled by K.G.B. Bakewell covering the following journals published by MCB University Press: Facilities Volumes 8‐18; Journal of Property Investment & Finance Volumes 8‐18; Property Management Volumes 8‐18; Structural Survey Volumes 8‐18.
Compiled by K.G.B. Bakewell covering the following journals published by MCB University Press: Facilities Volumes 8‐18; Journal of Property Investment & Finance Volumes 8‐18;…
Abstract
Compiled by K.G.B. Bakewell covering the following journals published by MCB University Press: Facilities Volumes 8‐18; Journal of Property Investment & Finance Volumes 8‐18; Property Management Volumes 8‐18; Structural Survey Volumes 8‐18.
Index by subjects, compiled by K.G.B. Bakewell covering the following journals: Facilities Volumes 8‐18; Journal of Property Investment & Finance Volumes 8‐18; Property Management…
Abstract
Index by subjects, compiled by K.G.B. Bakewell covering the following journals: Facilities Volumes 8‐18; Journal of Property Investment & Finance Volumes 8‐18; Property Management Volumes 8‐18; Structural Survey Volumes 8‐18.
Compiled by K.G.B. Bakewell covering the following journals published by MCB University Press: Facilities Volumes 8‐18; Journal of Property Investment & Finance Volumes 8‐18;…
Abstract
Compiled by K.G.B. Bakewell covering the following journals published by MCB University Press: Facilities Volumes 8‐18; Journal of Property Investment & Finance Volumes 8‐18; Property Management Volumes 8‐18; Structural Survey Volumes 8‐18.