The Scandalous Neglect of the Entrepreneur in Economic Theory: On the Role of Individual Entrepreneurial Action in Economics

2015 ◽  
pp. 83-98
Author(s):  
Steven Kates
Keyword(s):  
Economic Theory ◽  
Entrepreneurial Action

Whatever Happened to the Cambridge Capital Theory Controversies? (With comments by L. Pasinetti, F. Fisher, J. Felipe and J. McCombie, R. Greenfield and reply by the authors)

2009 ◽  
pp. 4-27
Author(s):  
A. Cohen ◽  
G. Harcourt
Keyword(s):  
Economic Theory ◽  
Economic Thought ◽  
Point Of View ◽  
Chronological Order ◽  
Capital Theory

The article written by the well-known theorists and historians of economic thought contains a detailed overview of the Cambridge capital controversy, which had raged from the mid-1950-s through the mid-1970-s. The authors track the origins of the controversy and cover arguments of both sides in chronological order. From their point of view, the discussion hasnt been resolved, and its main underlying aspects were ideological beliefs and fundamental methodological controversies on the nature of equilibrium and on the role of time in economic theory. The article is published with comments written by other leading theoreticians.

Wilfred Ethier. Modern International Economics. New York: W. W. Norton and Company. 1983. xviii + 588 pp.

1988 ◽  
Vol 27 (1) ◽  
pp. 81-83
Author(s):  
Nadeem A. Burney
Keyword(s):  
International Economic ◽  
New York ◽  
Economic Theory ◽  
International Economics ◽  
International Monetary System ◽  
International Markets ◽  
The Past ◽  
Monetary System ◽  
Recent Developments

Its been long recognized that various economies of the world are interlinked through international trade. The experience of the past several years, however, has demonstrated that this economic interdependence is far greater than was previously realized. In this context, the importance of international economic theory as an area distinct from general economics hardly needs any mentioning. What gives international economic theory this distinction is international markets for some goods and effects of national sovereignty on the character of economic activity. Wilfred Ethier's book, which incorporates recent developments in the field, is an excellent addition to textbooks on international economics for one- or twosemester undergraduate courses. The book mostly covers standard topics. A distinguishing feature of this book is its detailed analysis of the flexible exchange rates and a discussion of the various approaches used for their determination. Within each chapter, the author has extensively used facts, figures and major events to clarify the concepts in the light of the theoretical framework. The book also discusses, in a fair amount of detail, the existing international monetary system and the role of various international organizations.

Mexico's Pre-Revolutionary Reckoning with Railroads

1985 ◽  
Vol 42 (1) ◽  
pp. 1-28 ◽  
Author(s):  
Robert W. Randall
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Transportation Network ◽  
Underdeveloped Country ◽  
Role Of The State ◽  
Economic Interpretation ◽  
Short Run ◽  
Railway System ◽  
Economic Considerations

Economic considerations all but dominate recent historical writing in this country about the railroads of Mexico. Technical matters of construction and operation, as well as the role of the state in both, are touched upon, but economic interpretation, whether of the development of a railway system or of its impact on the nation, is the watchword if not catchword of most writing. Probably the leading example of the dominant approach is Growth against Development: The Economic Impact of Railroads in Porfirian Mexico (Northern Illinois University Press, 1981), by John H. Coatsworth, in which the author concludes that, while “the short run contribution of railroads to economic growth was large,” their longrun impact helped “to create the underdeveloped country Mexico has become.” Applying economic theory and measuring, Coatsworth in essence proves with numbers a case argued more elegantly in straight prose early in this century: that the application of a modern transportation network to a staple producing economy will do little more than extend and intensify the production system so as to increase the staple output.

A Joyful Economist. Scitovsky's Memoirs

2012 ◽  
pp. 57-73
Author(s):  
Marina Bianchi
Keyword(s):  
Economic Theory ◽  
Original Thinking ◽  
Personal Philosophy

Few economists choose to write memoirs, and of those who do most adopt the "logic of my contributionsŁ approach. Tibor Scitovsky, Hungarian-born theorist who spent most of his career at Stanford and Berkeley, instead left us unpublished recollections, many of his childhood, others bearing on his personal philosophy (and shift therein) - of teaching, of the role of economic theory, of its imperfections. By their nature these Memoirs give us glimpses into his nimble, original thinking, without being weighed down with considerations of priority, answering critics, and so on. The paper tries to capture this spirit, frequently in Scitovsky's own words.

scholarly journals Why Do Life Scientists Decide to Become Entrepreneurs? The Role of Motivations

2016 ◽  
Vol 11 (5) ◽  
pp. 57 ◽  
Author(s):  
Nadia Di Paola ◽  
Rosanna Spano ◽  
Roberto Vona ◽  
Adele Caldarelli
Keyword(s):  
Qualitative Comparative Analysis ◽  
Life Sciences ◽  
Policy Implications ◽  
Entrepreneurial Intentions ◽  
Control Beliefs ◽  
Process Data ◽  
Entrepreneurial Action ◽  
Economic Nature ◽  
External Incentives

<p>The linkage between entrepreneurial ideas and actions continues to be central to the entrepreneurship debate. However, the possible implications of the various entrepreneurial motivations for the process are still largely understudied. On this basis, our study aims to contextualise the theoretical model linking entrepreneurial intentions, motivations and actions, with particular reference to academic entrepreneurship within the Life Sciences. We use the qualitative comparative analysis (QCA) set-theoretic method to process data gathered amongst 25 scholars active in the Life Sciences context. We carried out the analysis in two steps. The first reveals that a condition which determines entrepreneurial intentions is the absence of normative beliefs together with the presence of control beliefs. In contrast, the research highlights that the entrepreneurial intentions are able to determine the entrepreneurial action. However, as the second step shows, these alone are not sufficient and need to be complemented by extrinsic motivations, that is, those correlated to external incentives/benefits (above all of an economic nature). Our findings offer interesting insights into the whole phenomenon, revealing that the reference to specific contexts may well determine implications which differ from those already detected in the literature, with undeniable effects in terms of managerial and policy implications.</p>

The Role of Economic Theory

2002 ◽  
pp. 3-16
Author(s):  
Stephen J. Bailey
Keyword(s):  
Economic Theory

scholarly journals From Polytheism to Monotheism: Zoroaster and Some Economic Theory

2021 ◽  
Author(s):  
Mario Ferrero
Keyword(s):  
Economic Theory ◽  
Economic Models ◽  
Key Factors ◽  
Third Way ◽  
Greco Roman

AbstractThe prophet Zoroaster founded the first monotheistic religion in history, which once rose to great imperial status and still survives unchanged today despite centuries of Muslim pressure. Unlike the founders of other monotheistic religions after him, he achieved this not through the overthrow of the original Iranian polytheism but through its deep reform—a strategy that made acceptance easier and ensured a continuing role for the priests. Monotheistic reform is thus a third way out of ancient Indo-European polytheism, besides extinction in the Greco-Roman case and mutation into sectarian theism in the Indian case. This paper surveys the Iranian story and offers two economic models to account for the two key factors that made the transition to monotheism possible: the theological structure and the role of the priesthood.

scholarly journals Znaczenie efektu Cantillona w teorii ekonomii

Ekonomia ◽  
2016 ◽  
Vol 22 (3) ◽  
pp. 9-25
Author(s):  
Arkadiusz Sieroń
Keyword(s):  
Economic Theory ◽  
Income Distribution ◽  
Business Cycle ◽  
Public Choice ◽  
Empirical Data ◽  
Central Banking ◽  
Price Bubbles ◽  
Wealth Inequalities

The Role of Cantillon Effect in EconomicsThe aim of this article is to examine the role of the Cantillon effect in economics. The literature of economic theory lacks the detailed discussion of the implications of the first-round effect for economics. This paper attempts to fill this gap. The article is mainly theoretical, but considerations presented are illustrated by relevant empirical data. Based on the analysis, the author concludes that the effect of Cantillon develops particularly the theory of money and inflation, the theory of banking and central banking, the theory of business cycle and price bubbles, the theory of income distribution and income and wealth inequalities, and the theory of public choice.

Agricultural Co-operatives

2017 ◽  
Author(s):  
Samira Nuhanovic-Ribic ◽  
Ermanno C. Tortia ◽  
Vladislav Valentinov
Keyword(s):  
Developing Countries ◽  
Transaction Costs ◽  
Vertical Integration ◽  
Large Scale ◽  
Scale Production ◽  
Economic Literature ◽  
Economic Independence ◽  
Large Scale Production ◽  
Entrepreneurial Action

Over the last decades, agricultural co-operatives grew substantially in most developed and developing countries, often reaching dominant market positions. We inquire into the economic mechanism behind this growth, by elaborating on the relation between co-operative identity and co-operative benefits. We highlight the ability of agricultural co-operatives to co-ordinate large-scale production, to monitor work contributions and product quality, and to ensure economic independence of farmer members. Following the two principal streams in the economic literature, we distinguish between the conceptions of agricultural co-operatives as units of vertical integration and as firms characterized by common governance of collective entrepreneurial action and ability to reduce transaction costs and economic risk. We describe the financial and governance limitations of agricultural co-operatives while taking account of new co-operative models presenting institutional tools introduced to overcome these limitations. We conclude by suggesting directions for enhancing the role of co-operatives in agricultural and rural development.

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