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Article
Publication date: 1 February 1978

J. Ron Stanfield

There is a substantial body of practitioners within the American economics community whose interests, methods, and outlook differ from the mainstream. Elsewhere, we have labelled…

447

Abstract

There is a substantial body of practitioners within the American economics community whose interests, methods, and outlook differ from the mainstream. Elsewhere, we have labelled this dissenting tradition social economics and attempted to exemplify its scope and method. The social economics perspective is underdeveloped. The purpose here is to open discussion on a strategy to remedy this neglect of social economics. This is obviously a tentative enterprise and the actions we discuss are offered more for purposes of discussion than as policy proposals.

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International Journal of Social Economics, vol. 5 no. 2
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 1 January 1979

J. Ron Stanfield

This article attempts to provide an institutionalist analysis and diagnosis of the current crisis of orthodox economics. We shall, first, characterise the predominant opinion in…

241

Abstract

This article attempts to provide an institutionalist analysis and diagnosis of the current crisis of orthodox economics. We shall, first, characterise the predominant opinion in economics—the neoclassical synthesis. Next, we examine the anomalies which are currently vexing orthodox opinion and their power to provoke a period of crisis and extraordinary science. In the final section, we diagnose the source of the anomalies of the neoclassical synthesis.

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International Journal of Social Economics, vol. 6 no. 1
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 1 May 1981

J. Ron Stanfield

Karl Polanyi (1886–1964) was educated in Hungary, worked in exile in Vienna in the 1920s, and after 1933 alternated his residence between England and the USA. His early career was…

602

Abstract

Karl Polanyi (1886–1964) was educated in Hungary, worked in exile in Vienna in the 1920s, and after 1933 alternated his residence between England and the USA. His early career was in law and philosophy, then international relations. From 1940 to his death, he concentrated on universal economic history, a broadly defined area encompassing fields that are more conventionally known as economic anthropology, economic history, and comparative economic systems. This work aimed ultimately at the creation of a new and more universal economic theory, founded on the interaction of economy and society, i.e., social economics.

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International Journal of Social Economics, vol. 8 no. 5
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 1 May 1983

In the last four years, since Volume I of this Bibliography first appeared, there has been an explosion of literature in all the main functional areas of business. This wealth of…

16774

Abstract

In the last four years, since Volume I of this Bibliography first appeared, there has been an explosion of literature in all the main functional areas of business. This wealth of material poses problems for the researcher in management studies — and, of course, for the librarian: uncovering what has been written in any one area is not an easy task. This volume aims to help the librarian and the researcher overcome some of the immediate problems of identification of material. It is an annotated bibliography of management, drawing on the wide variety of literature produced by MCB University Press. Over the last four years, MCB University Press has produced an extensive range of books and serial publications covering most of the established and many of the developing areas of management. This volume, in conjunction with Volume I, provides a guide to all the material published so far.

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Management Decision, vol. 21 no. 5
Type: Research Article
ISSN: 0025-1747

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Article
Publication date: 1 March 1989

Robert E. Lucore

The American public exhibits an exceptionally strong bias againstpublic sector activity in the economy. Why this is so is investigated byapplying the traditional literature on…

84

Abstract

The American public exhibits an exceptionally strong bias against public sector activity in the economy. Why this is so is investigated by applying the traditional literature on “American exceptionalism” and the comparative method. A defence of an active role for government in the economy is developed, based on social and institutional economics. The traditional explanations for American exceptionalism given by Sombart, Commons and Perlman are outlined. A comparison of the Canadian and US politico‐economic cultures is employed as a means for evaluating the validity of the arguments in the traditional exceptionalist literature. Although those investigating American exceptionalism have often compared the US with Europe, it is argued that Canada makes a better subject for comparison with the US. This is because the two countries are very similar, yet exhibit different attitudes toward the public sector.

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International Journal of Social Economics, vol. 16 no. 3
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 1 February 1985

GERALD ALONZO SMITH and STEVEN HICKERSON

When E. F. Schumacher first wrote Small Is Beautiful: Economics as if People Mattered, the initial reaction was mixed. For the first year or so, the book sold slowly. Then in…

102

Abstract

When E. F. Schumacher first wrote Small Is Beautiful: Economics as if People Mattered, the initial reaction was mixed. For the first year or so, the book sold slowly. Then in 1974, the sales exploded. In a very short time, E. F. Schumacher became widely acclaimed as his book sold more than a million copies. On both sides of the Atlantic, the common person, as well as the scholar, realized that this was a new voice, a fresh and wholesome breath of wind that was blowing in the stodgy halls of economics.

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Studies in Economics and Finance, vol. 9 no. 2
Type: Research Article
ISSN: 1086-7376

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Article
Publication date: 1 January 1981

This register of current research in social economics has been compiled by the International Institute of Social Economics. The register does not claim to be comprehensive but is…

625

Abstract

This register of current research in social economics has been compiled by the International Institute of Social Economics. The register does not claim to be comprehensive but is merely an aid for research workers and institutions interested in social economics. The register will be updated and made more comprehensive in the future but this is largely dependent on the inflow of information from researchers in social economics. In order to facilitate this process a standardised form is to be found on the last page of this register. Completed forms, with attached sheets as necessary, should be returned to the compiler: Dr Barrie O. Pettman, Director, International Institute of Social Economics, Enholmes Hall, Patrington, Hull, N. Humberside, England, HU12 OPR. Any other comments on the register will also be welcome.

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International Journal of Social Economics, vol. 8 no. 1
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 1 January 1984

John Conway O’Brien

It is suggested that the approach of the social economist to social problems, if followed, would lead to The Good Society, one in which the lot of our “human resources” would be…

861

Abstract

It is suggested that the approach of the social economist to social problems, if followed, would lead to The Good Society, one in which the lot of our “human resources” would be considerably ameliorated. For the social economist the goal of the economy is not private profit nor is it improvement in the fertility of the soil nor capital accumulation for their own sakes and that of their owners, but the material, moral and spiritual well‐being of homo sapiens. The social economist is concerned with the efficiency of the capitalist system relative to the broad goals of society, rather than the maximisation of private property.

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International Journal of Sociology and Social Policy, vol. 4 no. 1
Type: Research Article
ISSN: 0144-333X

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Book part
Publication date: 19 January 2024

Eric Scorsone

John Kenneth Galbraith’s social balance theory is an important theme in many of his books, particularly The Affluent Society, The New Industrial State, and Economics and the

Abstract

John Kenneth Galbraith’s social balance theory is an important theme in many of his books, particularly The Affluent Society, The New Industrial State, and Economics and the Public Purpose. Galbraith’s social balance theory states that forces driving private consumption in an industrial society will outpace the development and provision of public goods and services with consequences on the well-being of society (Stanfield, 1996, p. 49). The theory leads to several questions: (1) What is the specific relationship between private and public goods and consumption? (2) What is optimized with social balancing? (3) Does the relationship between private and public goods change over time? and (4) How do we evaluate the types of public goods we need? This chapter explores these questions and examines the type of public goods we need today to serve our communities better. For example, police presence and activities in many minority communities are now viewed negatively, as evidenced by the “defund the police” movement. Conversely, some have advocated for greater public spending on community mental health programs and new initiatives to deal with racism in communities.

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Research in the History of Economic Thought and Methodology: Including a Symposium on John Kenneth Galbraith: Economic Structures and Policies for the Twenty-first Century
Type: Book
ISBN: 978-1-80455-931-4

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Book part
Publication date: 4 October 2012

Justin A. Elardo

Purpose – Inspired by “old” institutional arguments, this chapter presents the ideas of both the “old” and “new” institutional perspective as their arguments appear in the…

Abstract

Purpose – Inspired by “old” institutional arguments, this chapter presents the ideas of both the “old” and “new” institutional perspective as their arguments appear in the economic anthropology literature following the substantivist–formalist debate of the 1960s.

Design/methodology/approach – During the 1960s the substantivist–formalist debate, otherwise known as the “Great Debate,” thrust institutional thought to the forefront of economic anthropology. By the close of the 1960s, the substantivist–formalist debate passed unresolved. Institutional economic anthropology reached a crossroad – it could continue the legacy of the substantivism as represented by “old” institutionalism or follow the path of “new” institutional economics. Against the long shadow of the “Great Debate,” this chapter identifies key epistemological ideas that are present within the recent history of the institutional economic anthropology literature.

Findings – On the basis of epistemological arguments, the chapter suggests that if the substantivist–formalist debate, often times referred to as the “Great Debate,” is ever to achieve closure, then practitioners of institutional economic anthropology would benefit by moving beyond “new” institutional thought.

Originality/value – This chapter provides a unique evaluation of the institutional perspective within the history of economic anthropology. Residing within this history are clear and poignant distinctions between the “old” and “new” institutional perspectives. As a result, this chapter seeks to bring to social scientists interested in institutional economists, important insights from economic anthropology that may have otherwise gone unnoticed.

Details

Political Economy, Neoliberalism, and the Prehistoric Economies of Latin America
Type: Book
ISBN: 978-1-78190-059-8

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