scholarly journals DEGROWTH, STEADY STATE AND CIRCULAR ECONOMIES: ALTERNATIVE DISCOURSES TO ECONOMIC GROWTH

2021 ◽  
Vol 5 (3) ◽  
pp. 75-94
Author(s):  
GEORGE-KONSTANTINOS CHARONIS
Keyword(s):  
Economic Growth ◽  
Steady State ◽  
Neoclassical Economic ◽  
Neoclassical Economics ◽  
Economic Framework ◽  
The Face ◽  
Circular Economics ◽  
Policy Proposals ◽  
Alternative Discourses

Criticisms of the neoclassical economic framework and perpetual growth in GDP terms are not a new phenomenon, although recent years have seen increasing interest in alternative and ecological discourses including degrowth, steady-state and circular economics. Although these may initially appear as distinctly different discourses, they are highly compatible and comparable, sharing similar, often nearly identical principles and policy proposals. A more collaborative, joined-up approach aimed at integrating alternative discourses is required in order to build a coherent, credible, well-supported alternative, as there is more uniting than dividing these critical voices, particularly in the face of mainstream political and economic debates that are shaped by neoclassical economics.

IRVING FISHER AND THE MECHANISTIC CHARACTER OF TWENTIETH CENTURY ACCOUNTING THOUGHT

1995 ◽  
Vol 22 (2) ◽  
pp. 43-83 ◽  
Author(s):  
Tom Mouck
Keyword(s):  
Economic Theory ◽  
Twentieth Century ◽  
World View ◽  
Neoclassical Economic ◽  
Neoclassical Economics ◽  
Newtonian Mechanics ◽  
Neoclassical Economic Theory

This paper provides an overview of the influence of Newtonian mechanics on the development of neoclassical economic theory and highlights Fisher's role in the popularization of the resulting mechanical conception of economics. The paper also portrays Fisher's The Nature of Capital and Income — a work which has been aptly characterized as the “first economic theory of accounting” — as the first move toward the colonization of accounting by economics. The result of Fisher's influence has been a paradigmatic linkage between the Newtonian world view of science, neoclassical economics, and mainstream academic accounting thought. The picture that emerges from this linkage is then used as a backdrop against which the emerging challenges to economics-based accounting thought are highlighted.

scholarly journals William James and the Sustainable Transformation of Values, with a Case Study for Rethinking the American Dream

Human Arenas ◽  
2021 ◽  
Author(s):  
Paul Croce
Keyword(s):  
Economic Growth ◽  
Social Transformation ◽  
American Dream ◽  
William James ◽  
Social Issues ◽  
Virus Spread ◽  
Global Pandemic ◽  
The Face ◽  
The Many

AbstractThis article addresses the call of the Psychology of Global Crises conference for linkage of academic work with social issues in three parts: First, examples from conference participants with their mix of bold calls for social transformation and realization of limits, a combination that generated few clear paths to achieving them. Second, presentation of Jamesian practical idealism with psychological insights for moving past impediments blocking implementation of ideals. And third, a case study of impacts from the most recent prominent crisis, the global pandemic of 2020, which threatens to exacerbate the many crises that had already been plaguing recent history. The tentacles of COVID’s impact into so many problems, starting with economic impacts from virus spread, present an opportunity to rethink the hope for constant economic growth, often expressed as the American Dream, an outlook that has driven so many of the problems surging toward crises. Jamesian awareness of the construction of ideological differences and encouragement of listening to those in disagreement provide not political solutions, but psychological preludes toward improvements in the face of crises.

scholarly journals THE RICH AND THE POOR IN A SIMPLE MODEL OF GROWTH AND DISTRIBUTION

2016 ◽  
Vol 20 (7) ◽  
pp. 1934-1952 ◽  
Author(s):  
Kirill Borissov
Keyword(s):  
Economic Growth ◽  
Steady State ◽  
Simple Model ◽  
Disposable Income ◽  
State Equilibrium ◽  
Positional Concerns ◽  
The Poor ◽  
The Rich ◽  
Intertemporal Equilibrium ◽  
Unique Steady State

We consider a model of economic growth with altruistic agents who care about their consumption and the disposable income of their offspring. The agents' consumption and the offspring's disposable income are subject to positional concerns. We show that, if the measure of consumption-related positional concerns is sufficiently low and/or the measure of offspring-related positional concerns is sufficiently high, then there is a unique steady-state equilibrium, which is characterized by perfect income and wealth equality, and all intertemporal equilibira converge to it. Otherwise, in steady-state equilibria, the population splits into two classes, the rich and the poor; under this scenario, in any intertemporal equilibrium, all capital is eventually owned by the households that were the wealthiest from the outset and all other households become poor.

scholarly journals Generalizations of the Lagrange mean value theorem and applications

Filomat ◽  
2013 ◽  
Vol 27 (4) ◽  
pp. 515-528 ◽  
Author(s):  
Miodrag Mateljevic ◽  
Marek Svetlik ◽  
Miloljub Albijanic ◽  
Nebojsa Savic
Keyword(s):  
Economic Growth ◽  
Growth Model ◽  
Arbitrary Function ◽  
Mean Value ◽  
Point Of View ◽  
Neoclassical Economic ◽  
Mean Value Theorem ◽  
Mathematical Point ◽  
Economic Growth Model

In this paper we give a generalization of the Lagrange mean value theorem via lower and upper derivative, as well as appropriate criteria of monotonicity and convexity for arbitrary function f : (a, b) ( R. Some applications to the neoclassical economic growth model are given (from mathematical point of view).

Not Half Bad

2016 ◽  
Author(s):  
Scott E. Page
Keyword(s):  
Complex System ◽  
Complexity Theory ◽  
Global Climate ◽  
Climate System ◽  
Neoclassical Economic ◽  
New Class ◽  
Economic Framework

To understand a complex system (e.g., an economy, an ecosystem, the global climate system), scientists often rely on models. Models simplify reality by focusing on certain parts of a system, and the relationships between them, while ignoring, by necessity, other. Advocates of complexity theory often boldly claim (partly by virtue of greater realism) that they can improve upon the standard neoclassical economic framework. A much weaker claim supports the promotion of this new class of models or any class of models: even if the complexity framework makes less accurate predictions than the neoclassical approach, the complexity framework can be of use because its models differ.

Domesticating Foreign Intellectual Property Laws in the Digital Age

2018 ◽  
pp. 125-142
Author(s):  
Suzi Mirgani
Keyword(s):  
Intellectual Property ◽  
Traditional Knowledge ◽  
World Trade ◽  
International Markets ◽  
Economic Framework ◽  
Digital Era ◽  
Industrialized Nations ◽  
The Face ◽  
Knowledge Economies ◽  
The Many

This chapter examines some of the challenges faced by GCC nations as they attempt to modernize their economies in the digital era and in the face of substantial technological transformations. In order to fit within repositioned international markets geared towards knowledge economies, GCC states need to abide by the many rules and regulations in the area of intellectual property protection that have been developed and dictated by the World Trade Organization and the agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS). Interestingly, even as Gulf governments introduce externally imposed legal systems, they attempt to “domesticate” foreign intellectual property laws to gain a competitive advantage by investing in the production of locally-produced content and promoting niche areas of intellectual property, including the protection of traditional knowledge rights. This is an area generally neglected by industrialized nations that tend to promote the concept of “innovation” rather than promoting and protecting collective knowledge. GCC states are attempting to use intellectual property laws to their own advantage with an emphasis on digital archiving and protection of traditional knowledge, heritage, and folklore. By promoting and protecting locally-produced content, GCC states can aspire to the globalized international economic framework as envisioned by the WTO.

scholarly journals The Distribution of Benefits from Industrialization in Rural Areas: Some Findings

1982 ◽  
Vol 11 (2) ◽  
pp. 71-77
Author(s):  
Richard F. Bieker
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Inequality ◽  
Rural Areas ◽  
Regional Economic Growth ◽  
Skilled Labor ◽  
Regional Economic ◽  
Policy Proposals ◽  
Trickle Down

Industrialization has long been proposed as a policy for promoting regional economic growth and reducing the incidence of unemployment, poverty and dependency in lagging regions (Smith). Such policy proposals are based on the trickle down theory. This theory holds that economic development results in an increase in the demand for skilled labor which in turn results in an upgrading of the positions of the semiskilled, unskilled, and unemployed. The result is economic growth and a reduction in the incidence of unemployment, poverty and dependency and the degree of income inequality in the area.

Steady-state response of quadriplegic subjects to inspiratory resistive load

1986 ◽  
Vol 60 (5) ◽  
pp. 1482-1492 ◽  
Author(s):  
V. Im Hof ◽  
H. Dubo ◽  
V. Daniels ◽  
M. Younes
Keyword(s):  
Steady State ◽  
Chest Wall ◽  
Muscle Spindles ◽  
Normal Subjects ◽  
Afferent Feedback ◽  
Resistive Load ◽  
State Response ◽  
The Face ◽  
Inspiratory Resistance

Normal subjects preserve tidal volume (VT) in the face of added inspiratory resistance by increasing maximal amplitude and duration of the rising phase of respiratory driving pressure (DP) and by changing the shape of this phase to one that is more concave to the time axis. To explore the possible role of chest wall afferents in mediating these responses, we determined averaged DP in eight quadriplegic subjects during steady-state unloaded breathing and while breathing through an inspiratory resistance (8.5 cmH2O X 1(-1) X s). As with normal subjects, quadriplegics preserved VT (loaded VT = 106% control) by utilizing all three mechanisms. However, prolongation of the inspiratory duration derived from the DP waveform (+22% vs. +42%) and shape response were significantly less in the quadriplegic subjects. Shape response was completely absent in subjects with C4 lesions. The results provide strong evidence that respiratory muscle spindles are responsible for shape response and that changes in afferent feedback from the chest wall play an important role in mediating inspiratory prolongation.

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