Kula and relation capital: Rational reinterpretation of primitive gift institution

2011 ◽  
Vol 23 (4) ◽  
pp. 475-512 ◽  
Author(s):  
Jaehyuck Lee

We take the view that social institution can be interpreted as equilibrium outcomes from the rational conduct of social exchanges. ‘Relation capital’ captures the idea that people make an optimal choice in their tie-makings as well as individual acts. We reinterpret from a rational choice perspective the well-known gift institution of primitive society documented by classical anthropological studies, the kula. We provide a detailed analysis of kula in terms of relation capital accumulation and fame building. The dynamic optimization perspective is applied to reinterpret various aspects of this ceremonial exchange. A formal model of the kula economy is provided to show the unstable nature of the gift equilibrium. Optimal time paths of consumption and gift-giving are derived, and a sufficient condition for the instability of the steady state is formally provided. Many qualitative discussions are characterized in terms of formal results, including the reason for the specific form of kula.

Author(s):  
Chen Chen ◽  
George M. Bollas

The increasing variability in power plant load, in response to a wildly uncertain electricity market and the need to to mitigate CO2 emissions, lead power plant operators to explore advanced options for efficiency optimization. Model-based, system-scale dynamic simulation and optimization are useful tools in this effort, and the subject of the work presented here. In prior work, a dynamic model validated against steady-state data from a 605 MW subcritical power plant was presented. This power plant model is used as a test-bed for dynamic simulations, in which the coal load is regulated to satisfy a varying power demand. Plant-level control regulates plant load to match an anticipated trajectory of the power demand. The efficiency of the power plant operating at varying load is optimized through a supervisory control architecture that performs set point optimization on the regulatory controllers. Dynamic optimization problems are formulated to search for optimal time-varying input trajectories that satisfy operability and safety constraints during the transition between plant states. An improvement in time-averaged efficiency of up to 1.8% points is shown feasible with corresponding savings in coal consumption of 184.8 tons/day and carbon footprint decrease of 0.035 kg/kWh.


1996 ◽  
Vol 9 (3) ◽  
pp. 269-283 ◽  
Author(s):  
Richard Wagner

The federal government levies taxes on property transfers at death (the estate tax), during life (the gift tax), and to grandchildren or more remote descendants (the generation-skipping tax). Referred to collectively as “transfer taxes,” these taxes attract little interest in the public policy forum because they produce little revenue—only 1% of annual federal tax revenues, and because most Americans have no first-hand experience with transfer taxes. However, transfer taxes have significantly adverse economic effects that are grossly disproportionate to the tax revenues they generate. Transfer taxes penalize success and the creation of wealth. The adverse effects of transfer taxes on saving and capital formation, therefore, are costs imposed on society as a whole.


2008 ◽  
Vol 12 (5) ◽  
pp. 694-701 ◽  
Author(s):  
Hideki Nakamura ◽  
Masakatsu Nakamura

We consider endogenous changes of inputs from labor to capital in the production of intermediate goods, i.e., a form of mechanization. We derive complementary relationships between capital accumulation and mechanization by assuming a Cobb–Douglas production function for the production of final goods from intermediate goods. A constant-elasticity-of-substitution production function in which the elasticity of substitution exceeds unity can be endogenously derived as the envelope of Cobb–Douglas production functions when the efficiency of inputs is assumed in a specific form. The difficulty of mechanization represents the elasticity of substitution.


Author(s):  
Cassie F. Bradley ◽  
James E. Coleman

The best advice tax practitioners can give clients after the 2001 Tax Relief Act, is that the optimal time to die in the next decade will be 2010! What has been touted as a repeal of the Federal estate tax, has actually resulted in increasing the importance of estate tax planning. This is due to several factors. First, the rate reduction is phased in so slowly that in 2009, the top estate rate will still be 45% and the exemption amount only $3.5 million. In 2010, repeal is actually achieved, but for one year only. The repeal sunsets in 2011 when the estate tax comes back in full, using a maximum 55% rate and a $1 million exemption. Basis of inherited property may prove to be a nightmare. Some property will get a stepped up basis, other property will not. Further complicating the picture is that the gift tax has not been repealed.The estate tax planner will be faced with a host of issues to consider. Which estate planning strategies are still valid? What new planning tools will be developed? Many wills will include obsolete provisions and will need to be redrafted. Health of the client will become more important in the planning process. Marketing issues of planning under such uncertainty abound. This paper examines the new estate and gift tax provisions; offers strategies for navigating the sea of complexity and uncertainty; and explores the marketing opportunities for financial planners created by the new law.


Author(s):  
Jean François Bissonnette

Few observers of the sovereign debt crisis in Europe have noted that the power relations it laid bare between debtor countries and their creditors stemmed from the very nature of money itself. This chapter considers money’s status as a social institution from the point of view of the democratic values of liberty and equality. Building on Karl Marx’s and Georg Simmel’s critiques of money’s alleged neutrality as a simple appendage of market exchange, the chapter establishes that money constitutes a fundamentally ambivalent phenomenon. Money’s myth of origin in barter, and its actual relation to debt, warrant a comparison with the gift, this primitive form of exchange whose potential toxicity was pointedly noted by Marcel Mauss and Jacques Derrida. Following the latter’s analysis of the “pharmakon,” the chapter concludes by sketching out how monetary reform could foster collective autonomy.


Author(s):  
Ünsal Cig

Since the beginning, at least from an idealistic perspective, journalism has been considered as a public service and should serve democracy. Despite the relationship between democracy and journalism deteriorates rapidly, this liberal understanding of journalism is still used to evaluate the journalistic work. This relationship should be protected as a value and a target in order to maintain journalism as a meaningful social institution. But how can this objective be achieved in the current difficult conditions, which are the neoliberal working conditions changing the production of news dramatically and responsible for the declining journalistic quality in the first place? Relatedly, an important consequence of the change in the knowledge production and news production process is the increasing precarization of journalistic labour. In this respect, it is important to question how journalism maintain to claim fulfilling its basic function with the precarious journalists, who are obliged to behave individualistic, disorganised, competitive and as human capitals. It can be safely said that only journalists who have secure working conditions, basic rights and freedom of speech protected under law can produce quality information serving democratic process. And these are the exact rights under attack by neoliberal turn. The study will focus on the question of how we can grasp “the relationship between journalism and democracy”, which is substantially a liberal understanding, in the neoliberal period when precarious conditions have turned into a norm. In this context, the problematic aspects of insisting on the proposals of ancient liberal solutions to that degenerating relationship, such as journalism ethics, which almost completely ignores contemporary working conditions, will also be pointed out. In addition, the role of media, technological developments and social media will be addressed from the perspective of precarization and the process of capital accumulation. Information, whether as a daily communication or intellectual production, has been possible to be dispossessed in the contemporary capital accumulation process. In neoliberal capitalism, the decline of democracy is accompanied by a decline in the quality of journalism. With the heavy attacks on journalism and academia, Turkey sets an example on this subject. In Turkey example, after the 1980 military coup neoliberal policies have gained momentum with the support of privatizations, financialization and deunionization and they have taken effect also in journalism sector. And there is a strong connection between the precarization in knowledge production processes and the current situation of journalists and journalism. Journalists' struggle for freedom of press is inseparable from the struggle to improve working conditions. Job security, social rights and other demands are the subject of a general struggle for civic rights, in which readers of the journalistic work are also involved. The precarious conditions of the journalists connect them with all other sectors subject to similar conditions and ultimately with the society, as precarization is becoming the dominant production process in general. Because the most of the audience of the journalists are also the member of the precariat or becoming one rapidly, precarity and precarious conditions connect journalists and their audience. And this concrete and obvious base of connection is also a possible junction point for lots of other people and sectors. Journalists are the direct party/part of this struggle. Starting from this, a far-reaching political struggle against the same perpetrator, who is responsible for the dispossession of not only journalists’, but also of whole society’s civic and labour rights, is urgently needed all over the world.


Author(s):  
Renaud Morieux

The prisoner of war inhabits a third space between friendship and enmity. This book aims at understanding this peculiar social institution, and the specific form it took in the eighteenth century. The introduction analyses the normative framework and its limitations, and posits that emphasis must be placed on how war captivity actually worked. It also argues that it provides a vantage point from which we can re-examine the history of the state at war in the eighteenth century. Finally, the introduction contends that two perspectives must be taken up about the war prison, both as an autonomous space and as an observatory of the society that creates it.


2002 ◽  
Vol 7 (2) ◽  
pp. 101-109 ◽  
Author(s):  
Toichiro Asada

In this paper, we study the economic implications of the trade off between growth and environment in the context of dynamic models of capital accumulation. The collective solution is formulated in terms of dynamic optimization of the central planner, and the decentralized solution is formulated in terms of differential game between workers and capitalists. We compare the economic properties of two solutions.


Author(s):  
S. Kolbysheva

The article actualizes the problem of communication and its connection with various socio-cultural forms. Various aspects of communication are considered. The place and role of artistic communication as a specific form of social consciousness are analyzed. Objective and subjective factors influencing the process of artistic communication are identified; the factor of doubt is defined as the leading factor of artistic communication. In the structure of artistic communication, the main components (author – artistic text – recipient) are identified and analyzed, the features and main functions of the components are revealed, considering their Dialogic nature. The author pays special attention to the emotional component of the space of the literary text and the role of the emotional and sensual sphere of the components of artistic communication in the process of their movement in the socio-cultural continuum. It is proved that the transformation of the essential characteristics of the designated components and enrichment of their new content, increases the role of art education as a social institution that meets the challenges of the time and offers new practices of understanding the literary text as a Central part of artistic communication.


Processes ◽  
2018 ◽  
Vol 6 (8) ◽  
pp. 114 ◽  
Author(s):  
Chen Chen ◽  
George Bollas

The increasing variability in power plant load in response to a wildly uncertain electricity market and the need to to mitigate CO2 emissions, lead power plant operators to explore advanced options for efficiency optimization. Model-based, system-scale dynamic simulation and optimization are useful tools in this effort and are the subjects of the work presented here. In prior work, a dynamic model validated against steady-state data from a 605 MW subcritical power plant was presented. This power plant model was used as a test-bed for dynamic simulations, in which the coal load was regulated to satisfy a varying power demand. Plant-level control regulated the plant load to match an anticipated trajectory of the power demand. The efficiency of the power plant’s operation at varying loads was optimized through a supervisory control architecture that performs set point optimization on the regulatory controllers. Dynamic optimization problems were formulated to search for optimal time-varying input trajectories that satisfy operability and safety constraints during the transition between plant states. An improvement in time-averaged efficiency of up to 1.8% points was shown to be feasible with corresponding savings in coal consumption of 184.8 tons/day and a carbon footprint decrease of 0.035 kg/kWh.


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