Positive Economics and Policy Objectives

Hutchison, T. W.

doi:10.4324/9781315016894

Cited by 16 publications

(4 citation statements)

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“…Popper (1959) developed the concept of falsifiability for natural sciences. Terence Hutchison (1964) popularized it in economics. Briefly, the idea was to confront economic hypotheses with observed reality.…”

Section: He Approvingly Quotesmentioning

confidence: 99%

Methodology of Islamic Economics: From Islamic Teachings to Islamic Economics

Khan¹

2017

Tujise

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The existing literature on Islamic economics has not undergone any of the processes of verification or falsification. It is mostly restatement of the postulates as found in the Qur'an 2 or hadith. 3 The literature on methodology of Islamic economics is either superfluous, or ambiguous or confusing. It does not help in transforming the Islamic economic teachings into a social science. For developing Islamic economics as a social science, we must understand the primary sources in a contemporary context; formulate hypotheses based on that understanding and present these hypotheses for validation through testing. The paper illustrates the proposed methodology with some examples. For making this methodology a going concern, several basic steps would be required. The paper enumerates those steps also.

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Section: He Approvingly Quotesmentioning

confidence: 99%

Methodology of Islamic Economics: From Islamic Teachings to Islamic Economics

Khan¹

2017

Tujise

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“…Positive Marketing. The movement for positive marketing, not to be mistaken for positive economics (Friedman 1953;Hutchison 2003;Mosini 2012) is a case in point. It is not possible to read the definition of positive marketing and not see the most recent definition of marketing from the American Marketing Association.…”

Section: Marketing As a Cultural Systemmentioning

confidence: 99%

The U.S. Government's Program of Welfare for the Wealthy

Benton,

Stasch

2024

Journal of Macromarketing

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It is important that macromarketers understand how income and wealth inequality affect the way people think, live, and die. It is also important that they understand the source(s) of that inequality. This paper discusses how the power elite and the rich used the law to strategically withhold from the bottom 99 percent of the population the wealth generated in the post-World War II economy. This included more than a dozen specific stealth activities the U.S. government enacted from 1970 to 2010, although only a few are highlighted in this commentary. These activities created a Program of Welfare for the Wealthy that worked against the general welfare of the American people. We refer to these as stealth activities because much of what happens in government occurs behind the scenes, in the dark.

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“…This makes them averse to sacrificing income to prevent climate change. Furthermore, people seem to prefer measurable objectives (Hutchison, 1964, p. 155) which give direct, short-term and certain benefits, over indirect, long-term and more difficult to measure uncertain benefits in the future (Platje, 2013). Preventing climate change creates short-term, certain and directly measurable costs, while the benefits of preventing a disaster are long-term, uncertain and less visible.…”

Section: Reasons For a Club Good Approach To Climate Change Mitigationmentioning

confidence: 99%

Climate justice from a club good perspective

Platje

Kampen

2016

IJCCSM

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Purpose The purpose of this paper is to apply club good theory to challenges in climate justice and to identify the opportunities for creating a club of countries or regions to support climate justice and/or mitigate climate change, as well as the threats that such clubs could lead to the real exclusion of large parts of the world from climate justice. Design/methodology/approach A theoretical analysis is provided regarding the conditions for creating a club for climate change mitigation. Indicators of good governance and trust, as well as the Notre Dame Global Adaptation Index (ND-GAIN), are used to assess the capacity for creating such a club. Findings While opportunities for achieving climate justice are identified, climate change mitigation is likely to be at most a club good at the global level, thus excluding the most vulnerable countries, regions and groups of people. Although the threats of climate change may be acknowledged, they are easily neglected. Economic growth is likely to be a condition for economic sustainability, which in turn tends to be a condition for environmental sustainability. Decision makers should be conscious of the potential danger of creating a club for climate change mitigation based on the belief that economic growth and technology will solve these problems, as such a club is likely to be either unsustainable, or very small, while deepening existing injustice. Originality/value The authors provide an overview of the complexity of issues involved, to gain an appreciation of the vast, perhaps insurmountable, challenges facing climate justice. A club good approach is applied to issues of climate justice, emphasizing the limitations of the all-inclusiveness of climate justice and sustainable development.

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Positive Economics and Policy Objectives

Cited by 16 publications

References 0 publications

Methodology of Islamic Economics: From Islamic Teachings to Islamic Economics

Methodology of Islamic Economics: From Islamic Teachings to Islamic Economics

The U.S. Government's Program of Welfare for the Wealthy

Climate justice from a club good perspective

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