The Abuse of Economic and Financial Power in the New Economy: Historical Patterns in the Creation of Modern Remedies

Author(s):  
Michael F. Sheehan
2020 ◽  
pp. 1441-1458
Author(s):  
Alexey A. Baryshev

The objective of this paper is to formulate new approach to entrepreneurship and its result that is challenged by appearance of novel spheres of entrepreneurial activity related to social innovations, social networks, solution for corporate management and people`s wellbeing, production of gadget for precarious wants. These items inspire the study of axiological bases of value created by entrepreneurs. This purpose suggests addressing and revisiting the notions of entrepreneurial action and value. Their complete conceptualization applying to nascent new economy is unlikely to be possible. With this in mind, we focused on searching for metaphors that can cast light on the specifics of newly-emerging phenomena related to entrepreneurial action and value created by it. Using the theory of metaphor, we find that entrepreneurial action is of metaphorical nature itself. In the article, the creation of value is described by means of the transferal of enterprising constituents of entrepreneur's identity onto produced things. We specify these constituents as referred to the different periods of entrepreneurial history. The identification of the constituents was based on the theory of pillars and carriers of institutions by W. R. Scott. The metaphors of appropriateness, utility and wellbeing were proposed for the different periods of the development of value. The metaphor of rhetoric was defined as a root metaphor for all moduses of entrepreneurial action considered as a process of convincing on the value of things produced. Special metaphors for entrepreneurial action for each period of value development were also proposed. The metaphor of performative rhetoric was considered as shedding light on dominant modus of entrepreneurial action and modus of value under conditions of knowledge society.


2004 ◽  
Vol 180 ◽  
pp. 922-944 ◽  
Author(s):  
Victor Shih

The stagnation in banking sector reform is puzzling given the Chinese leadership's seeming resolve to reform other sectors of the economy. This article develops a political explanation of why reform oriented central bureaucrats have centralized financial power without liberalizing the banking sector. The starting point of this explanation is that top bureaucrats value political survival as much as other members of the Politburo. Thus, they make policies based on both political and economic considerations. This framework is tested on three cases related to China's non-performing loan (NPL) problem: the politicization of the NPL problem, policies designed to slow the creation of NPLs and policies aimed at decreasing the pool of NPLs. The findings strongly suggest that political considerations play a large role in shaping financial policies in China.


2001 ◽  
Vol 5 (2-3) ◽  
pp. 148-156
Author(s):  
David Korten

AbstractThis article affirms Thomas Berry's description of our cultural predicament and the responses he offers in terms of the Universe Story and the 'great work'. After articulating aspects of this new story, the article proceeds to discuss the implications for a new politics and a new economy. The three elements of the 'great work' that of telling the story, the creation of a new politics and the creation of a new economy are essential to the transformation of society. Yet the political and economic transformation are dependent on real democracy, and all are in need of profound reform.


Author(s):  
Deniz Şahin Duran

A series of necessary structural transformation has started to be implemented in Turkey with the new economic program described under the heading of “New Economy Program: Structural Transformation Steps 2019.” In the field of tax transformation of these structural transformation steps, some studies have been carried out towards the creation of “New Tax Architecture.” Within the scope of these studies, a new tax application under the name of “digital service tax” is designed. In fact, this step taken by the government of Turkey for the taxation of digital services is parallel to the developments in the world. In this study, for the better understanding of the necessity/importance of digital service tax and what kind of tax application is it, digital service tax planned to be implemented in Turkey is evaluated with its all aspects and in line with the developments in the world.


Author(s):  
Alexey A. Baryshev

The objective of this paper is to formulate new approach to entrepreneurship and its result that is challenged by appearance of novel spheres of entrepreneurial activity related to social innovations, social networks, solution for corporate management and people`s wellbeing, production of gadget for precarious wants. These items inspire the study of axiological bases of value created by entrepreneurs. This purpose suggests addressing and revisiting the notions of entrepreneurial action and value. Their complete conceptualization applying to nascent new economy is unlikely to be possible. With this in mind, we focused on searching for metaphors that can cast light on the specifics of newly-emerging phenomena related to entrepreneurial action and value created by it. Using the theory of metaphor, we find that entrepreneurial action is of metaphorical nature itself. In the article, the creation of value is described by means of the transferal of enterprising constituents of entrepreneur's identity onto produced things. We specify these constituents as referred to the different periods of entrepreneurial history. The identification of the constituents was based on the theory of pillars and carriers of institutions by W. R. Scott. The metaphors of appropriateness, utility and wellbeing were proposed for the different periods of the development of value. The metaphor of rhetoric was defined as a root metaphor for all moduses of entrepreneurial action considered as a process of convincing on the value of things produced. Special metaphors for entrepreneurial action for each period of value development were also proposed. The metaphor of performative rhetoric was considered as shedding light on dominant modus of entrepreneurial action and modus of value under conditions of knowledge society.


Author(s):  
Ahmed Driouchi

As some of the Arab countries are already facing the post-oil era in relation to the trends taking place in mining and in the oil and gas industries, with future possibilities of exhaustion of oil and gas reserves, diversification of economic activities has been emerging in some of these economies. However, the creation of new portfolios has not been expanded outside the traditional spectrum of economic activities. Besides that, governments and of public sovereign funds are still playing an important role both domestically and internationally, implying that rents from natural resources are still promising sources for economic development. This chapter addresses a series of issues related to how rents are driving the development path in relation to access of most world countries to the gains from the new economy. It also shows how knowledge variables have been related to the rents obtained from natural resources. Finally, the hypotheses in relation to natural resources as a curse to knowledge development are tested in the present chapter.


2020 ◽  
Vol 43 ◽  
Author(s):  
Stefen Beeler-Duden ◽  
Meltem Yucel ◽  
Amrisha Vaish

Abstract Tomasello offers a compelling account of the emergence of humans’ sense of obligation. We suggest that more needs to be said about the role of affect in the creation of obligations. We also argue that positive emotions such as gratitude evolved to encourage individuals to fulfill cooperative obligations without the negative quality that Tomasello proposes is inherent in obligations.


Author(s):  
Nicholas Temperley
Keyword(s):  

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