A Brief History of Economics

Canterbery, E Ray

doi:10.1142/4079

Cited by 25 publications

(8 citation statements)

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“…Its founder Thorstein Veblen (1854‐1929) was influenced by Sombart (Edgell, 2001), particularly in the development of his ideas on cultural status seeking through “conspicuous consumption”. In his view of the development of economic institutions, Veblen highlighted that “there is always a cultural lag between the ideas of today and today's institutions based on the ideas of yesteryear” (Canterbery, 1995, p. 246). Although Hodgson as one of the major contemporary representatives of American Institutional Economics distinguishes culture from institutions, he defines both concepts based on a communitarian and habitual foundation:It has been accepted here that culture is a complex of interlocking and durable beliefs, customs and routines that permeates a group or community.…”

Section: Rediscovering Culture As An Economic Variablementioning

confidence: 99%

Cultural heritage and job satisfaction in Eastern and Western Europe

et al. 2008

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PurposeThis paper aims to contribute to the growing body of empirical evaluations of subjective wellbeing by assessing the impact of basic cultural values and beliefs on job satisfaction across 20 countries in Eastern and Western Europe.Design/methodology/approachBasic cultural values and beliefs are defined by reference to traditional vs secular values and survival vs self‐expression values, respectively. Data derived from the European Values Study 1999/2000 are utilised, which provide detailed information not only on job satisfaction and socio‐demographic characteristics, but also on individuals' subjective views on religion, family values, work, child‐parent ties, political engagement, tolerance and interpersonal trust. Ordered probit regressions are performed to determine the significance of these characteristics, values and beliefs on job satisfaction.FindingsThe study highlights the strong influence of a society's broad cultural heritage on individuals' wellbeing at work. This raises questions about the impetus for numerous motivational interventions by managers and consultants. Traditional cultural values exhibit a strong influence on workers' job satisfaction in Western Europe. Interpersonal trust serves as a particularly strong predictor of job satisfaction for both Eastern and Western Europe, and for both male and female workers. The main difference between Eastern and Western Europe is driven primarily by the importance of family and religion.Originality/valueIn previous studies, job satisfaction has been strongly associated with measures of organisational culture. In contrast, the broad cultural heritage of a society as measured by its basic value and belief system has not figured prominently in this literature. This paper adds value by contributing to this fledgling field of empirical research.

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Section: Rediscovering Culture As An Economic Variablementioning

confidence: 99%

Cultural heritage and job satisfaction in Eastern and Western Europe

et al. 2008

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“…Among all different interpretations, probably the one of natural law arouses the least controversy. At that time, "The idea of a natural order governed by natural law dominated the new world view" [10]. Moreover, for economic and social scholars, "Isaac Newton's story of God creating the universe as a self-propelled machine gave a more lasting spin to the virtue of self-interested individualism" [10].…”

Section: The Invisible Handmentioning

confidence: 99%

“…At that time, "The idea of a natural order governed by natural law dominated the new world view" [10]. Moreover, for economic and social scholars, "Isaac Newton's story of God creating the universe as a self-propelled machine gave a more lasting spin to the virtue of self-interested individualism" [10]. It might also be related to the law of large numbers well-known to the academia at that time.…”

Section: The Invisible Handmentioning

confidence: 99%

Adding a New Category of “Individual vs System” to the Economics

Yu¹

2018

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After the industrial revolution, the long-term effort of resolving the threat of resource scarcity was accomplished globally in the 1950s. However, the threat of environmental destruction was, and still is, accumulating along the way. As mainstream economics is the main culprit of environmental destruction, it cannot be expected also to be the correct solution. Accordingly, it is suggested that a new category of "individual vs system" should be added to the economics. As the inability of the mainstream microeconomics to endogenise the environmental variable and to construct the right foundation for microeconomic analyses can be remedied based on the microeconomic natural laws within the new category, so too, can the incapability to resolve the threat of environmental destruction from the mainstream macroeconomics be reversed based on the macroeconomic natural laws also within the new category.

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“…явилась первой глобальной технологической трансформацией, которую пережила рыночная экономика в процессе своего становления и развития. Этот процесс имел сложный и противоречивый характер, сопровождавшийся многими неоднозначными социальными и экономическими последствиями [6]. Эти последствия нашли свое теоретическое отражение в работах классиков политической экономии, которые, либо, как Д. Рикардо или Ж. Б. Сэй, были современниками, непосредственно наблюдавшими эту глобальную трансформацию, либо, как Д. С. Милль, писали свои труды в последующий исторический период, когда отрицательные последствия промышленной революции продолжали оказывать сильное влияние на экономическую и социальную жизнь общества, а положительные еще в полной мере не проявились [1; 5; 7; 10].…”

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«Эффект Д.С. Милля»: Перегрев Финансового Рынка И Инвестиционный Коллапс Как Результат Технологической Трансформации Экономики

2020

Экономические Науки

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В статье рассматривается концепция снижения нормы прибыли Д. С. Милля как модель специфической реакции рыночной системы на происходящую технологическую трансформацию. Описывается «Эффект Д. С. Милля», заключающийся в том, что резкий рост эффективности производства приводит к такому же резкому повышению объема предложения инвестиционных ресурсов, которое способно снизить ожидаемую доходность от инвестиций настолько, что это блокирует дальнейший инвестиционный процесс и затормозит рост экономики. В статье, также, рассматриваются условия возникновения этого эффекта и возможности его преодоления.

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A Brief History of Economics

Cited by 25 publications

References 0 publications

Cultural heritage and job satisfaction in Eastern and Western Europe

Cultural heritage and job satisfaction in Eastern and Western Europe

Adding a New Category of “Individual vs System” to the Economics

«Эффект Д.С. Милля»: Перегрев Финансового Рынка И Инвестиционный Коллапс Как Результат Технологической Трансформации Экономики

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