Robinson Crusoe Model as the Starting Point for Pure Economic Theory

Author(s):  
Alexandr Nekipelov
2021 ◽  
pp. 33-65
Author(s):  
Rebecca C. Johnson

This chapter discusses Robinson Crusoe, the differences between the original and its Arabic translation, and how it was used as a tool for conversion by the Church Missionary Society (CMS) to guide Eastern Christians to the right path of Protestantism by emulating Crusoe's direct and individual spiritual awakening. CMS missionaries took active steps to discourage cultural hybridity, even monitoring the translators in their employment for signs of the Catholic influence. The fantasy of purity and process of purification were part of the foundation of the missionary movement, making Crusoe's own myth of individualism and fantasy of autonomy its perfect ideological surrogate. The CMS hoped they would find inspiration in Crusoe's spiritual trials and error, as he moves from rebellion to punishment, repentance, and eventually religious conversion. The observations that emerge from setting these two versions of Crusoe's eating habits side by side might amount to a minor point but for the fact that observing Crusoe's autonomous actions on the island have played an important role in theorizing what have been called the formal and cultural institutions of the novel: individual subjectivity, formal realism, colonial accumulation, the labor theory of value, national identity, to name a few. Many translators of this period adapted or changed the source material. Regardless of the radical changes, translators praised importance of the original version and often lamented their inability to do justice to it. As the earliest surviving translation of a novel into Arabic, Qiṣṣat Rūbinṣun Kurūzī stands as an ideal starting point from which to understand the origins of the Arabic novel as they emerge from translation.


2004 ◽  
Vol 30 (1) ◽  
Author(s):  
Antonio Luis Licha

O artigo apresenta uma breve revisão dos conceitos de retornos crescentes e path-dependency e de sua importância para a teoria econômica, tomando como ponto de partida as contribuições de Brian Arthur. São discutidas algumas aplicações desses conceitos na análise de problemas específicos, especialmente na área da inovação tecnológica. É também apresentada uma versão simplificada do clássico modelo de Arthur, onde se geram situações de irreversibilidade da trajetória quando existem retornos crescentes. Abstract The paper offers a brief review of the relevance of the concepts of increasing returns and path-dependency in economic theory, taking as a starting point the contributions of Brian Arthur. The paper discusses some applications of these concepts in the analysis of specific problems, particularly in the field of technological innovation. In addition, a simplified version of the model of Brian Arthur is presented, in which lock in emerges in the presence of increasing returns.


1999 ◽  
Vol 21 (4) ◽  
pp. 369-397 ◽  
Author(s):  
Samuel Hollander ◽  
Sandra Peart

Our concern is John Stuart Mill's methodological pronouncements, his actual practice, and the relationship between them. We argue that verification played a key role in Mill's method, both in principle and in practice. Our starting point is the celebrated declaration regarding verification in the essay On the Definition of Political Economy; and on the Method of Investigation Proper to It (1836/ 1967; hereafter Essay): “By the method à priori we mean … reasoning from an assumed hypothesis; which … is the essence of all science which admits of general reasoning at all. To verify the hypothesis itself à posteriori, that is, to examine whether the facts of any actual case are in accordance with it, is no part of the business of science at all, but of the application of science” (Mill 1836/1967, p. 325). The apparent position that the basic economic theory is impervious to predictive failure emerges also in a sharp criticism of the à posteriori method:


1957 ◽  
Vol 17 (4) ◽  
pp. 524-544 ◽  
Author(s):  
John R. Meyer ◽  
Alfred H. Conrad

This paper is an attempt to examine critically the function of theory in historical research and particularly in economic history. the function of We shall take as our starting point the assertion that the historian is not interested simply in collecting facts or true statements about some segment of previous experience. He wants to find causes and to explain what happened. The purpose of this paper is to introduce some of the problems attached to the concepts of historical causality and explanation in a stochastic universe and to suggest how the analytic tools of scientific inference can be applied in economic historiography.


Africa ◽  
1995 ◽  
Vol 65 (1) ◽  
pp. 36-57 ◽  
Author(s):  
Mariano Pavanello

This article, based on fieldwork, explores the main economic categories of the Nzema, matrilineal farmers of South West Ghana, with the aim of reconstructing a local economic theory. The starting point is that any economic theory is logically founded in its own principles and that the internal coherence of a theory depends on its ability to represent the interests of the society to which it is applied. The work of ancestors appears as a founding idea in relation to other ideas like that of profit engendered by the work of the living.The author, however, analyses these categories, particularly emphasising the use of terminology in various contexts of daily life and in the economic lexicon as a whole, in order to trace an unitary space in which the logic of a system of thought could be considered. In order to verify the coherence of this system the author conducts a comparative analysis between the Nzema categories and the corresponding western categories organised as different theories such as neo-classical marginalism, Marx's value of work and, finally, Chayanov's theory founded on an utility concept.The central core of the Nzema's theory concerning work and profit is that the work of ancestors, first conceived as the ideological and juridical basis for the rights of their descendants over cultivable land, turns as well into a profit producer to the advantage of the living under the condition that it should be materialised as a means of production like, for example, the coconut trees, which were planted by the ancestors, and now produce a profit for their descendants.


2001 ◽  
Vol 20 (2) ◽  
pp. 71-81
Author(s):  
George S. Nezlek ◽  
Gezinus J. Hidding

Products consisting solely of information (that which is recorded about something) are information products. Organizations or business units that produce and/or sell only information are information-only businesses. Information Industries consist of organizations that produce and/or sell information products. The explosive growth of e-commerce and the Internet serves as notice that the Information Age is rapidly emerging as reality rather than conjecture, but research into the business practices of organizations that make up Information Industries is scant at best. Information Age firms are clearly distinguishable from their predecessors, but appropriate techniques for managing them successfully may not be so obvious. An economic-theory based view of information products provides a logical starting point for the study of the differences in business practices of Information firms. This paper presents an evolving, coherent research agenda for the study of business practices in Information Industries, and summarizes the results of the first stage of the implementation of that agenda.


2021 ◽  
Vol 5 (12) ◽  
pp. 171-175
Author(s):  
Qiuyi Zeng

In the new era, through the application of the overall economic theory, various industries and fields in China’s local market are fully linked with the international market. Therefore, at the current stage, educational institutions should not only participate in global competitions in the same industry but should also promote the transformation and upgrading of localization. Taking this as the starting point, this research analyzes the practice of educational management from the perspective of student-based management, summarizes the connotation of student-based management, determines the problems in the process of practice, and puts forward several suggestions for developing the concept of student-based management, enhancing the investigation on students’ situation, and improving the quality of managers.


1988 ◽  
Vol 10 (2) ◽  
pp. 117-133
Author(s):  
Bill Gerrard

The subject of economics is characterised by deep divisions over methodology, theory and practical implications. This paper addresses itself to these divisions with the aim of suggesting a way forward. The starting point is the proposition that one of the keys to the problem is for economists to be more aware of the simple, but often tacit, ideas which underlie economic theory, especially the ideas which economists tend to have on the nature and status of their theories. It is an approach which is developed more fully in A Theory of the Capitalist Economy: Towards a Post-Classical Synthesis (Gerrard, forthcoming). This present paper offers a short exposition of some of thearguments in favor of a post-classical approach.


Author(s):  
Abraham A. Singer

This and the next chapter articulate a theory of business ethics that fits with how the book has approached corporate governance and corporate law. It takes the “market failures approach” (MFA) to business ethics as a starting point, a view that takes efficiency to be the primary moral principle for business. The MFA holds that businesses have an ethical duty not to exploit “market failures,” the inefficiencies and misallocations systematically and predictably effected by markets. This view is strong because it provides a robust account of business’s ethical duties within the framework of contemporary economic theory; business ethics is neither a wet blanket draped over the C-suite nor a self-serving rationalization of business’s self-interested activities. Instead, business ethics is shown to fit within a larger scheme of social cooperation, taking seriously businesses’ place within that scheme, particularly within a competitive market characterized by deontic weakening.


2011 ◽  
Vol 2 (1) ◽  
pp. 123-135
Author(s):  
Gábor Király

Ariely is one of the young researchers who are at the forefront of the discipline called behavioral economics. Behavioral economics tends to question the basic assumptions of economic theory such as rationality and the infinite cognitive ability of the actor and the stability and fixed nature of our preferences. In connection with these, such general laws as supply and demand also come under scrutiny. The starting point of these researchers is that one should ask how people actually behave and make decisions in everyday life, not how they should behave according to mainstream economic theory.


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