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Article
Publication date: 1 February 1994

L.A. Duhs

Cropsey′s 1955 invitation to reassess the particular metaphysic orpolitical philosophy which underpins modern economics remainsunder‐appreciated. Reviews Cropsey′s 1955…

21940

Abstract

Cropsey′s 1955 invitation to reassess the particular metaphysic or political philosophy which underpins modern economics remains under‐appreciated. Reviews Cropsey′s 1955 argument in order to apprehend just what charges are being laid at the door of modern welfare economics. Considers the way in which Benjamin Ward misconstrued that argument in his 1956 “rebuttal” and the same misunderstandings and dividing lines which still exist in economics today. Offers illustration from the contemporary economics literature (e.g. regarding the market for baby adoption) to gauge the plausibility of Cropsey′s 1955 prediction that certain social, political and moral consequences will follow for society in the longer run if more traditional metaphysical teachings and conceptions of social welfare are undermined by what Cropsey sees as the potentially destructive metaphysics embodied in orthodox welfare economics.

Details

International Journal of Social Economics, vol. 21 no. 1
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 1 November 2005

John M. Gowdy and Raluca Iorgulescu Polimeni

This paper draws upon the work of Georgescu‐Roegen to outline some theoretical alternatives to standard welfare theory, and to examine the policy implications of…

11293

Abstract

Purpose

This paper draws upon the work of Georgescu‐Roegen to outline some theoretical alternatives to standard welfare theory, and to examine the policy implications of discarding the Walrasian core of neoclassical economics.

Design/methodology/approach

Current work in behavioral economics and game theory shows that economic behavior depends on social context, a point understood by social economists for a hundred years or more. This work is related to Georgescu's contributions to utility theory and bioeconomics.

Findings

Neoclassical welfare economics continues to dominate economic theory and policy even though its theoretical foundations, economic man and perfect competition, have been discredited by mainstream theorists. Economic processes take place in specific social contexts and also coevolve with the biophysical universe.

Practical implications

Although modern economics is incorporating many of Georgescu's insights about human preferences it has yet to come to grips with the fact that human economic activity is shaped by its biophysical context. It is believed this should be a major focus of future economic research.

Originality/value

Provides further insights into welfare theory and bioeconomics.

Details

International Journal of Social Economics, vol. 32 no. 11
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 1 May 2006

Norio Sasaki

To explain a fiscal rule that functions in a different way from a constitutional ideal of a welfare state, as Japan's case, and to give a literary examination of that kind…

Abstract

Purpose

To explain a fiscal rule that functions in a different way from a constitutional ideal of a welfare state, as Japan's case, and to give a literary examination of that kind of thoughts in modern economics and theory of public finance.

Design/methodology/approach

Compares neo‐institutional economics and fiscal sociology about the role of a government, using recent fiscal data of developed countries.

Findings

For neo‐institutional economics it is difficult to explain “welfare state” that substitutes the role of a family because the approach can only explain a complementary relationship of organizations in higher levels with lower organizations.

Practical implications

Points out that neo‐institutional economics should be examined by a historical formation of each rule and a real legal system in each country.

Originality/value

Discusses institutional economics and fiscal sociology from an aspect of possibility of applying to the field of public finance and social welfare.

Details

Journal of Economic Studies, vol. 33 no. 3
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 1 January 1985

Since the first Volume of this Bibliography there has been an explosion of literature in all the main areas of business. The researcher and librarian have to be able to…

16353

Abstract

Since the first Volume of this Bibliography there has been an explosion of literature in all the main areas of business. The researcher and librarian have to be able to uncover specific articles devoted to certain topics. This Bibliography is designed to help. Volume III, in addition to the annotated list of articles as the two previous volumes, contains further features to help the reader. Each entry within has been indexed according to the Fifth Edition of the SCIMP/SCAMP Thesaurus and thus provides a full subject index to facilitate rapid information retrieval. Each article has its own unique number and this is used in both the subject and author index. The first Volume of the Bibliography covered seven journals published by MCB University Press. This Volume now indexes 25 journals, indicating the greater depth, coverage and expansion of the subject areas concerned.

Details

Management Decision, vol. 23 no. 1
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 1 January 1986

Sherman T. Folland

Need has persisted as a central concept in health policy debate. Despite confusion over its meaning and derivation it seems to summarise a belief by many policy makers…

Abstract

Need has persisted as a central concept in health policy debate. Despite confusion over its meaning and derivation it seems to summarise a belief by many policy makers that the concerns of health policy go beyond the merely economic. Economists, on their side, frequently stop at the borders of economics, leaving the concept of need to others, preferring where possible the concepts of demand and supply. This state of affairs increases the risk that the relationship of health care need to economic theory will not be well understood by policy makers, and that economists will misunderstand why their policy advice, when given, is so frequently ignored.

Details

International Journal of Social Economics, vol. 13 no. 1/2
Type: Research Article
ISSN: 0306-8293

Article
Publication date: 1 June 1985

The librarian and researcher have to be able to uncover specific articles in their areas of interest. This Bibliography is designed to help. Volume IV, like Volume III…

12199

Abstract

The librarian and researcher have to be able to uncover specific articles in their areas of interest. This Bibliography is designed to help. Volume IV, like Volume III, contains features to help the reader to retrieve relevant literature from MCB University Press' considerable output. Each entry within has been indexed according to author(s) and the Fifth Edition of the SCIMP/SCAMP Thesaurus. The latter thus provides a full subject index to facilitate rapid retrieval. Each article or book is assigned its own unique number and this is used in both the subject and author index. This Volume indexes 29 journals indicating the depth, coverage and expansion of MCB's portfolio.

Details

Management Decision, vol. 23 no. 6
Type: Research Article
ISSN: 0025-1747

Keywords

Book part
Publication date: 7 December 2001

Abstract

Details

Optimal Growth Economics: An Investigation of the Contemporary Issues and the Prospect for Sustainable Growth
Type: Book
ISBN: 978-0-44450-860-7

Abstract

Details

Optimal Growth Economics: An Investigation of the Contemporary Issues and the Prospect for Sustainable Growth
Type: Book
ISBN: 978-0-44450-860-7

Article
Publication date: 1 February 1994

On‐Kwok Lai

Examines the relationship between public welfare and the pursuit ofhappiness via a discussion on the conception on public welfare provisionand the way in which it is…

928

Abstract

Examines the relationship between public welfare and the pursuit of happiness via a discussion on the conception on public welfare provision and the way in which it is received as consumption. Introduces concepts on organized welfare and positions individual happiness in the realm of consumption, and argues that state‐organized welfare polity has unintentionally expanded the scope of and expectation of citizens on consumption. Outlines the critics on welfare state provision. Argues for a conceptualization of happiness with reference to the mode of welfare consumption. In spite of problems relating to the welfare state, collective consumption has provided both symbolic and material goods through which a new set of consumption relations is developed. Ends with remarks on the implication of welfare consumerism in creating the social identity of citizen‐consumers and happiness in the coming modernity.

Details

International Journal of Social Economics, vol. 21 no. 1
Type: Research Article
ISSN: 0306-8293

Keywords

Abstract

Details

Economic Growth and Social Welfare: Operationalising Normative Social Choice Theory
Type: Book
ISBN: 978-0-44451-565-0

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