Common Good

2011 ◽  
pp. 165-168 ◽  
Author(s):  
Anna Moltchanova
Keyword(s):  
Common Good

On everyday academic research

2017 ◽  
pp. 98-134 ◽  
Author(s):  
J. Tirole
Keyword(s):  
Common Good ◽  
Academic Research ◽  
Research Quality ◽  
Economic Research ◽  
Relevant Research ◽  
The Common ◽  
Verification Of Models ◽  
Science And Research

In the fourth chapter of the book “The economy of the common good”, the nature of economics as a science and research practices in their theoretical and empirical aspects are discussed. The author considers the processes of modeling, empirical verification of models and evaluation of research quality. In addition, the features of economic cognition and the role of mathematics in economic research are analyzed, including the example of relevant research in game theory and information theory.

Economic Significance of Social Capital

2011 ◽  
pp. 46-65 ◽  
Author(s):  
L. Polishchuk ◽  
R. Menyashev
Keyword(s):  
Social Capital ◽  
Collective Action ◽  
Common Good ◽  
Economic Conditions ◽  
Formal Institutions ◽  
Transmission Channels ◽  
Economic Significance ◽  
Bonding And Bridging ◽  
The Impact

The paper deals with economics of social capital which is defined as the capacity of society for collective action in pursuit of common good. Particular attention is paid to the interaction between social capital and formal institutions, and the impact of social capital on government efficiency. Structure of social capital and the dichotomy between its bonding and bridging forms are analyzed. Social capital measurement, its economic payoff, and transmission channels between social capital and economic outcomes are discussed. In the concluding section of the paper we summarize the results of our analysis of the role of social capital in economic conditions and welfare of Russian cities.

Minimizing Missed Opportunities: Modeling Relationships between the State and Business in Russia

2009 ◽  
pp. 42-61
Author(s):  
A. Oleynik
Keyword(s):  
Decision Making ◽  
Empirical Evidence ◽  
Common Good ◽  
The State ◽  
Power Relationships ◽  
Individual Decision ◽  
Missed Opportunities ◽  
Power Domination ◽  
Individual Decision Making ◽  
Optimal Outcomes

Power involves a number of models of choice: maximizing, satisficing, coercion, and minimizing missed opportunities. The latter is explored in detail and linked to a particular type of power, domination by virtue of a constellation of interests. It is shown that domination by virtue of a constellation of interests calls for justification through references to a common good, i.e. a rent to be shared between Principal and Agent. Two sources of sub-optimal outcomes are compared: individual decision-making and interactions. Interactions organized in the form of power relationships lead to sub-optimal outcomes for at least one side, Agent. Some empirical evidence from Russia is provided for illustrative purposes.

Vickers Hot Springs

2017 ◽  
Vol 1 (1) ◽  
pp. 1-6
Author(s):  
Jennifer M. Bernstein
Keyword(s):  
Common Good ◽  
Common Property ◽  
Hot Springs ◽  
Public Access ◽  
Common Property Resource ◽  
Resource Conflict ◽  
Social Ecological ◽  
The Commons ◽  
Local Residents ◽  
The Common

Vickers Hot Springs is located near the rural Southern California town of Ojai, and local residents have long enjoyed soaking in the sulfuric pools. But as knowledge of the springs spread, the area saw increases in fights, traffic, burglaries, and drug use. In response, two residents purchased the land and committed to restore the property while allowing limited public access, subsequently generating a great deal of controversy within the community. Privatizing Vickers Hot Springs follows the archetypical lesson of Garrett Hardin's 1968 essay, “The Tragedy of the Commons.” Hardin stated that the problem for common-pool resources was that a finite amount of services are demanded by a potentially infinite number of users, who have little to gain by sacrificing for the common good. But Hardin's theory does not always apply. Many communities have come together to manage resources, often without government oversight. Thus, the question is not whether or not Hardin's theory is accurate, but rather “under what conditions it is correct and when it makes the wrong predictions.” Case studies provide nuance to the broad brushstrokes of a theory, and whether Hardin's parable is applicable depends on the particularities of the common property resource conflict. Employing the frameworks established by Hardin, Dietz et al., and Ostrom, this paper examines the management of Vickers Hot Springs within its broader social, ecological, and political context, asking whether the particular circumstances of this resource use conflict made privatization the most predictable outcome.

The Economy of Wellbeing in Beji: Pesantren and Entrepreneurship in Village Community

2019 ◽  
Vol 4 (1) ◽  
pp. 94-102
Author(s):  
Syamsul Hadi
Keyword(s):  
Religious Education ◽  
Common Good ◽  
Economic Benefits ◽  
Economic Behavior ◽  
Mutual Help ◽  
Depth Interview ◽  
Local Residents ◽  
Socio Economic Impact ◽  
Village Society ◽  
The Village

This article aims to explain the field findings related to the socio-economic conditions of the community in Beji village. The village was known as the base of the santri and the socio-economic impacts that provide value to the life of the community around the pesantren. The research used a qualitative method with a constructivism approach. Excavation of data through in-depth interview techniques and field observations and enriched with document studies. Informants interviewed were determined through the snowballing techniques. The result of the research shows that the existence of Manbail Futuh pesantren in the middle of village society not only serves to serve religious education (Islam) but with the number of santri coming from various regions, so the existence of pesantren also gives a socio-economic impact for the surrounding community. Against the community the economic benefits provided by pesantren is not active but passive. This is because the pesantren is limited to providing opportunities for local residents in the pesantren location to accommodate 833 students of mukim and has an active student of 2,469 people without attracting any pennies for "retribution". Sociologically, the socio-economic relation between pesantren and the local people who work as a sword gives birth to the pattern of the economic behavior of mashlahat. It can be said that the economic action played by pesantren is a substantive economy based on Islamic moral values, namely the principles of ta'awun (mutual help) and the principle of maslahat (the common good).

The European Guilds

2019 ◽  
Author(s):  
Sheilagh Ogilvie
Keyword(s):  
Middle Ages ◽  
Common Good ◽  
Industrial Revolution ◽  
Dark Side ◽  
Market Failures ◽  
Women Migrants ◽  
Work Skills ◽  
The Common ◽  
Economic Reasoning ◽  
European Economies

Guilds ruled many crafts and trades from the Middle Ages to the Industrial Revolution, and have always attracted debate and controversy. They were sometimes viewed as efficient institutions that guaranteed quality and skills. But they also excluded competitors, manipulated markets, and blocked innovations. Did the benefits of guilds outweigh their costs? Analyzing thousands of guilds that dominated European economies from 1000 to 1880, this book uses vivid examples and clear economic reasoning to answer that question. The book features the voices of honourable guild masters, underpaid journeymen, exploited apprentices, shady officials, and outraged customers, and follows the stories of the “vile encroachers”—women, migrants, Jews, gypsies, bastards, and many others—desperate to work but hunted down by the guilds as illicit competitors. It investigates the benefits of guilds but also shines a light on their dark side. Guilds sometimes provided important services, but they also manipulated markets to profit their members. They regulated quality but prevented poor consumers from buying goods cheaply. They fostered work skills but denied apprenticeships to outsiders. They transmitted useful techniques but blocked innovations that posed a threat. Guilds existed widely not because they corrected market failures or served the common good, but because they benefited two powerful groups—guild members and political elites. The book shows how privileged institutions and exclusive networks shape the wider economy—for good or ill.

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