Women and the Labor Market

2017 ◽  
pp. 622-642
Author(s):  
Joyce P. Jacobsen
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Labor Market ◽  
Labor Economics ◽  
Empirical Work ◽  
Neoclassical Theory ◽  
Quarter Century ◽  
Feminist Economics ◽  
The Past ◽  
Feminist Perspectives

This chapter first outlines the feminist economics intellectual project. While feminist economics has its roots in nineteenth-century political economy, it has undergone most of its development within the past quarter century. The chapter explains the application of feminist principles to two standard labor economics topics: labor supply and earnings, and the more specifically feminist topic of provision of caring labor. The differences between standard neoclassical theory and predictions, and feminist economic theory and predictions, are outlined in each section. The chapter closes with some feminist perspectives on economic empiricism and the methodological underpinnings of empirical work in labor economics.

American Institutional Studies: Present Knowledge and Past Trends

1971 ◽  
Vol 31 (1) ◽  
pp. 87-105 ◽  
Author(s):  
James H. Soltow
Keyword(s):  
Economic Theory ◽  
Economic History ◽  
Present Knowledge ◽  
Quarter Century ◽  
The Past

The production of economic history, like that in many fields of scholarly endeavor, increased sharply in the past quarter-century, compared to the rate of output in earlier eras. While the “new” economic history, with its emphasis on economic theory and measurement, has attracted considerable attention during the last decade, “traditional” economic history, written along institutional lines, has continued to be significant, both quantitatively (in terms of numbers of books and articles) and qualitatively (as assessed by contributions to our understanding of economic processes.)

scholarly journals Theory, General Equilibrium, and Political Economy in Development Economics

2010 ◽  
Vol 24 (3) ◽  
pp. 17-32 ◽  
Author(s):  
Daron Acemoglu
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
General Equilibrium ◽  
Policy Analysis ◽  
Recent Work ◽  
Development Economics ◽  
Empirical Work ◽  
Counterfactual Analysis

I discuss the role of economic theory in empirical work in development economics with special emphasis on general equilibrium and political economy considerations. I argue that economic theory plays (should play) a central role in formulating models, estimates of which can be used for counterfactual and policy analysis. I discuss why counterfactual analysis based on microdata that ignores general equilibrium and political economy issues may lead to misleading conclusions. I illustrate the main arguments using examples from recent work in development economics and political economy.

Krishna Bharadwaj on the Role of Expectations in Economic Theory

2021 ◽  
pp. 001946622110198
Author(s):  
Maria Cristina Marcuzzo
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Explanatory Role ◽  
Neoclassical Theory ◽  
Jel Codes ◽  
Expectation Formation ◽  
Long Period ◽  
Classical Political Economy ◽  
What Matters

In this article, I discuss the approach favoured by Bharadwaj, in the tradition of classical political economy and of Sraffa, where the focus is on those factors that are observed as opposed to the subjective factors that are neither observable nor measurable. Unlike neoclassical theory, with this approach, there is no room for concepts such as ‘utility’ and the like; insofar as ‘expectations’ are conceived as subjective, non-observable entities, they are not attributed with an explanatory role in the theory of prices and distribution. Moreover, since expectation formation is seen as the effect rather than cause of behaviour, the focus shifts to those social, historical and contingent elements that seem to have a better explanatory force. In this approach, what matters is the persistence of forces leading the system to tend, in the long period, towards a position of rest. JEL Codes: B2, B31

scholarly journals Daron Acemoglu: 2005 John Bates Clark Medalist

2007 ◽  
Vol 21 (1) ◽  
pp. 191-207
Author(s):  
Robert Shimer
Keyword(s):  
Political Economy ◽  
Human Capital ◽  
Labor Market ◽  
Total Factor Productivity ◽  
Labor Economics ◽  
Economic Incentives ◽  
Formal Schooling ◽  
Factor Productivity ◽  
Core Set ◽  
Critical Issues

Daron Acemoglu, winner of the 2005 John Bates Clark Medal, uses theoretical and empirical analysis to tackle critical issues in a variety of fields in economics, including labor economics, macroeconomics, and political economy. His unparalleled combination of originality, thoroughness, and prolificacy has propelled him to the frontier of each field that he has explored. The Clark medal committee notes that “his work is always motivated by real-world questions that arise when facts are difficult to reconcile with existing theory.” Daron focuses on a core set of questions and uses the best tools available to answer them. What determines the accumulation of human capital both during formal schooling and on the job? How do the implications of labor market frictions depend on the information available to job searchers? How do economic incentives affect the type of technological change that we observe? Why are there such enormous differences in output per worker and total factor productivity across countries?

scholarly journals Book Review Essay: Capital Resurgent? The Political Economy of Gérard Duménil and Dominique Lévy

2008 ◽  
pp. 75-84 ◽  
Author(s):  
Matthew Nichter
Keyword(s):  
Political Economy ◽  
Review Essay ◽  
The Political ◽  
Capitalist Development ◽  
Quarter Century ◽  
The Past ◽  
Book Review Essay

Written from a broadly Marxist perspective, Capital Resurgent proposes a sweeping interpretation of nearly one hundred and fifty years of capitalist development, illuminating the ‘neoliberal revolution’ of the past quarter century through comparisons with earlier periods. French economists Gérard Duménil and Dominique Lévy have produced an ambitious book, replete with useful data and provocative hypotheses, that summarizes and synthesizes their growing oeuvre.

Nikolay Sieber in the history of prerevolutionary Russian economic thought

2018 ◽  
pp. 95-110
Author(s):  
L. D. Shirokorad
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Organic Synthesis ◽  
Marginal Utility ◽  
Economic Thought ◽  
History Of ◽  
Three Stages

This article shows how representatives of various theoretical currents in economics at different times in history interpreted the efforts of Nikolay Sieber in defending and developing Marxian economic theory and assessed his legacy and role in forming the Marxist school in Russian political economy. The article defines three stages in this process: publication of Sieber’s work dedicated to the analysis of the first volume of Marx’s Das Kapital and criticism of it by Russian opponents of Marxian economic theory; assessment of Sieber’s work by the narodniks, “Legal Marxists”, Georgiy Plekhanov, and Vladimir Lenin; the decline in interest in Sieber in light of the growing tendency towards an “organic synthesis” of the theory of marginal utility and the Marxist social viewpoint.

A Realist Perspective on Contemporary "Economic Theory" (Foreword by O. Ananyin)

2006 ◽  
pp. 75-98 ◽  
Author(s):  
T. Lawson
Keyword(s):  
Economic Theory ◽  
Life Events ◽  
Alternative Model ◽  
Economic Life ◽  
Social Phenomenon ◽  
Methodological Issues ◽  
Neoclassical Theory ◽  
Fundamental Feature ◽  
Major Powers ◽  
Realist Perspective

The author elaborates on methodological issues of current tendencies in neoclassical theory and demonstrates the necessity of an alternative model of science, which he calls "realist". According to this perspective, constant and regular conjunctions of economic life events should not be the main object of analysis. Rather, the author proposes to consider structures and mechanisms governing events in question. Instead of deductivism, which, as Lawson believes, is a fundamental feature of orthodox economics, the abductive method of economic explanation is proposed that entails investigation of major powers, on which any social phenomenon depends. Society is thereby regarded not as a closed, but rather as an open system.

Jean Tirole: The political economy of corporate finance (On the book by J. Tirole “The theory of corporate finance”)

2017 ◽  
pp. 128-141
Author(s):  
N. Ranneva
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Graduate Students ◽  
Corporate Finance ◽  
Critical Review ◽  
The Political ◽  
Institutional Economic ◽  
New Type ◽  
Finance Theory ◽  
Empirical Material

The present article undertakes a critical review of the new book of Jean Tirole, the winner of the 2014 Nobel Prize in Economics, “The theory of cor- porate finance”, which has recently been published in Russian. The book makes a real contribution to the profession by summarizing the whole field of corporate finance and bringing together a big body of research developed over the last thirty years. By simplifying modeling, using unified analytical apparatus, undertaking reinterpretation of many previously received results, and structuring the material in original way Tirole achieves a necessary unity and simplicity in exposition of extremely heterogeneous theoretical and empirical material. The book integrates the new institutional economic theory into classical corporate finance theory and by doing so contributes to making a new type of textbook, which is quite on time and is likely to become essential reading for all graduate students in corporate finance and microeconomics and for everyone interested in these disciplines.

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