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Book part
Publication date: 18 February 2004

Ranney Ramsey

This article identifies the concept of market value as a standardizing concept that coordinates the actions of market participants in relatively inefficient real estate…

Abstract

This article identifies the concept of market value as a standardizing concept that coordinates the actions of market participants in relatively inefficient real estate markets. The paper also identifies different levels of discourse that reflect the organizational/institutional complexity of the real estate appraisal profession. The standardizing effect of market value includes a cognitive and fiduciary component. Using this framework, the paper traces the influence of Richard T. Ely’s institutional economics – and its legacy in the form of the research program of Urban Land Economics at the University of Wisconsin – on the formation and development of the standards of appraisal and ethical practice. This complexity is traced historically from the early part of the 19th century to the formation of the professional organizations and the establishment of their standards, and also through a series of reform efforts in the 1960s and 1980s that were articulated in the academic community. The paper illustrates the manner in which Institutional Economics has been influential in the continuing development of the real estate appraisal profession and suggests reasons for its continuing relevance.

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Wisconsin "Government and Business" and the History of Heterodox Economic Thought
Type: Book
ISBN: 978-0-76231-090-6

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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…

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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Article
Publication date: 24 June 2009

Richard Ely

‘Countrymindedness’ is a resonant but perhaps manufactured term, given wide currency in a 1985 article by political scientist and historian Don Aitkin in the Annual…

Abstract

‘Countrymindedness’ is a resonant but perhaps manufactured term, given wide currency in a 1985 article by political scientist and historian Don Aitkin in the Annual, Australian Cultural History. Political ideology was his focus, as he charted the rise and fall ‐ from the late nineteenth century to around the 1970s ‐ of some ideological preconceptions of the Australian Country Party. These were physiocratic, populist, and decentralist ‐ physiocratic meaning, broadly, the rural way is best. Aitkin claimed the word was used in Country Party circles in the 1920s and 1930s, but gave no examples. Since the word is in no dictionary of Australian usage, or the Oxford Dictionary, coinage may be more recent. No matter. Countrymindedness is a richly evocative word, useful in analysing rural populism during the last Australian century. I suggest it can usefully be extended to analyzing aspects of the inner history of Euro‐settlement in recent centuries.

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History of Education Review, vol. 38 no. 1
Type: Research Article
ISSN: 0819-8691

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American Economics
Type: Book
ISBN: 978-1-84950-044-9

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Article
Publication date: 1 April 1996

Noelle Robertson, Hilary Hearnshaw and Richard Baker

Audit support staff comprise a new profession in the National Health Service. They have a key role in enhancing the work of audit groups in both primary and secondary…

Abstract

Audit support staff comprise a new profession in the National Health Service. They have a key role in enhancing the work of audit groups in both primary and secondary care. However, arrangements for their formal training have not yet been established. This study describes how a training needs analysis was undertaken with audit support staff in one health region in England and reports the construction and evaluation of the first course designed explicitly for this group of staff. Well trained audit support staff have an important role in making clinical audit effective. Training should be based on information about their training needs, and opportunities should be provided for their continued professional development.

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Journal of Clinical Effectiveness, vol. 1 no. 4
Type: Research Article
ISSN: 1361-5874

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Article
Publication date: 1 June 1987

A.M.C. Waterman

By “political economy” I mean both the method of thought and the body of knowledge which refer to human economising behaviour. The body of knowledge includes both theory …

Abstract

By “political economy” I mean both the method of thought and the body of knowledge which refer to human economising behaviour. The body of knowledge includes both theory — theorems, laws, empirical generalisations, etc., and “facts” — history, description of institution, statistical data, etc. By “Christian theology” I mean both the method of thought and the body of knowledge which refer to the human religious understanding of Jesus of Nazareth. “Religious” here implies awareness of, or belief in, God. The body of knowledge may include pre‐Christian religion (such as that reported in the Old Testament), and the results of independent inquiry (such as natural theology) in so far as these are interpreted by, or “refracted” through what theologians call the “Christ event”.

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International Journal of Social Economics, vol. 14 no. 6
Type: Research Article
ISSN: 0306-8293

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Book part
Publication date: 22 August 2006

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Documents from and on Economic Thought
Type: Book
ISBN: 978-1-84950-450-8

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Book part
Publication date: 25 June 2010

Thomas A. Stapleford

As I suggested earlier, Stabile's “lessons” typically take the form of questions. For example, what is the conceptual basis for defining a minimum income sufficient to…

Abstract

As I suggested earlier, Stabile's “lessons” typically take the form of questions. For example, what is the conceptual basis for defining a minimum income sufficient to sustain a labor force (what Stabile dubs the argument from sustainability)? Is there an absolute standard based strictly on basic biological needs, as Rose Friedman argued (p. 53)? Or do the necessities of life also include “whatever the custom of the country renders it indecent for creditable people, even of the lowest order, to be without,” as Adam Smith declared (quoted in Stabile, p. 17)? Introducing Amartya Sen's notion of capability broadens our scope even further, for now we are concerned about developing the traits, abilities, and opportunities that can make workers more productive, effective, and valuable citizens (a concern that Stabile finds implicitly in numerous authors, including Aristotle, Smith, Marshall, and Richard Ely).

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A Research Annual
Type: Book
ISBN: 978-0-85724-060-6

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Including a Symposium on New Directions in Sraffa Scholarship
Type: Book
ISBN: 978-1-78714-539-9

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Article
Publication date: 26 February 2019

Si Ahn Mehng, Sang Hyeon Sung and Lisa M. Leslie

The purpose of this paper is to investigate diversity management in an under-researched country by merging theoretical insights developed in the Western literature with…

Abstract

Purpose

The purpose of this paper is to investigate diversity management in an under-researched country by merging theoretical insights developed in the Western literature with cultural aspects of a traditionally homogeneous country, South Korea.

Design/methodology/approach

This study integrates theory and research on why diversity can have either a positive (i.e. the information/decision-making paradigm) or a negative (i.e. the social categorization paradigm) effect on performance with different diversity perspectives (i.e. integration-and-learning, access-and-legitimacy, and discrimination-and-fairness). This study develops a model of when and how gender diversity affects organization performance and test the model with a sample of 177 South Korean organizations.

Findings

This study finds that gender diversity is negatively related to organization performance in South Korea. This study also finds that the effect of gender diversity is contingent on organizational diversity perspectives. Organizations with high gender diversity perform better to the extent that they have a discrimination-fairness perspective, but not a business-oriented perspective. On the other hand, a discrimination-fairness perspective is unrelated to performance for organizations that are low in gender diversity.

Originality/value

Although gender diversity in the South Korean workplace continues to increase, the relationship between gender diversity and organization performance has rarely been studied in the aspect of Korea’s traditionally homogeneous culture. This study highlights the importance of cultural-contingencies in understanding the consequences of diversity.

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Equality, Diversity and Inclusion: An International Journal, vol. 38 no. 7
Type: Research Article
ISSN: 2040-7149

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