scholarly journals Biblical Aspects of Economic Literature

2019 ◽  
Vol 26 (3) ◽  
pp. 13-22
Author(s):  
Olena Olshanska
Keyword(s):  
Economic Theory ◽  
Public Opinion ◽  
21St Century ◽  
Christian Spirituality ◽  
Economic Literature ◽  
Economic Ethics ◽  
European Economic ◽  
Significant Change ◽  
Economic Thinking ◽  
Further Development

The biblical aspects in Ukrainian economic literature of the 20th and 21st century and its preconditions in European economic litera­ture have been examined. The economic theory has been rethought in the context of Christian economic ethics. The 21st century is, in a way, a result of spirituality of the previous generations, and most of all Christian spirituality. A number of socio-economic researches (such as labor processes, the study of wealth and poverty features) have shown that within the existing paradigm of science it is almost impos­sible to explain their nature and patterns of operation. The develop­ment of Christian economic ethics may be just the impetus not only for fairly significant change in economic thinking, but also for the further development of public opinion in general.

On some antecedents of behavioural economics

2021 ◽  
pp. 095269512110009
Author(s):  
Kristian Bondo Hansen ◽  
Thomas Presskorn-Thygesen
Keyword(s):  
Economic Theory ◽  
20Th Century ◽  
Historical Analysis ◽  
Behavioural Economics ◽  
Economic Literature ◽  
Economic Theories ◽  
History Of ◽  
Economic Thinking

Since its inception in the late 1970s, behavioural economics has gone from being an outlier to a widely recognized yet still contested subset of the economic sciences. One of the basic arguments in behavioural economics is that a more realistic psychology ought to inform economic theories. While the history of behavioural economics is often portrayed and articulated as spanning no more than a few decades, the practice of utilizing ideas from psychology to rethink theories of economics is over a century old. In the first three decades of the 20th century, several mostly American economists made efforts to refine fundamental economic assumptions by introducing ideas from psychology into economic thinking. In an echo of contemporary discussions in behavioural economics, the ambition of these psychology-keen economists was to strengthen the empirical accuracy of the fundamental assumptions of economic theory. In this article, we trace, examine, and discuss arguments for and against complementing economic theorizing with insights from psychology, as found in economic literature published between 1900 and 1930. The historical analysis sheds light on issues and challenges associated with the endeavour to improve one discipline’s theories by introducing ideas from another, and we argue that these are issues and challenges that behavioural economists continue to face today.

Development of Economic Theory on Fisheries Regulation

1979 ◽  
Vol 36 (7) ◽  
pp. 725-741 ◽  
Author(s):  
Anthony Scott
Keyword(s):  
Economic Theory ◽  
Public Choice ◽  
Key Words ◽  
Transactions Costs ◽  
Economic Literature ◽  
Quota System ◽  
Two Systems ◽  
Fisheries Regulation ◽  
Development Of Economic Theory

A survey of the economic literature of fisheries regulation shows that little of analytical value for the comparison of alternative regulatory techniques has emerged. The suggestion that the general literature on regulation, and on public choice, has something to contribute to the understanding of alternative regimes produces eight criteria. These are applied to the choice between two systems of restricting entry: a tax, and quotas. The transactions costs of the two systems are also investigated. The hypothesis is formed that the eight criteria, plus expected transactions costs, give the edge to a quota system; but this is only illustrative of the approach. Key words: regulation, management, costs, quotas, taxes, revenue, licensing

scholarly journals Amartya Kumar Sen’s ethical interpretation of poverty

2017 ◽  
Vol 20 (6) ◽  
pp. 157-169
Author(s):  
Damian Szymczak
Keyword(s):  
Economic Theory ◽  
21St Century ◽  
Historical Context ◽  
Fundamental Question ◽  
Economic Factors ◽  
Specific Time ◽  
Or Education ◽  
Running Water ◽  
Definition Of ◽  
Good And Evil

On the threshold of the 21st century, the problem of poverty remains unresolved. Many still suffer from hunger, and many more have no access to running water, or education. This raises a fundamental question that has bothered economy researchers for centuries: What determines the wealth of some countries, and the poverty of others? One of the contemporary researchers analysing the causes of poverty and development barriers is Indian economist Amartya Kumar Sen. Referring to the socio-economic theory of Sen, the author indicates that modernity implies the need for reflection on the definition of poverty. The author attempts to justify the thesis which focuses on the discord between the evaluation concepts of good and evil with objective economic factors defining poverty. The author suggests that the definition of poverty should be grounded in considerations concerning good and evil in a specific time, as well as cultural and historical context.

scholarly journals Economic theory of distributism

2015 ◽  
pp. 653-676
Author(s):  
Misa Djurkovic
Keyword(s):  
Economic Theory ◽  
Catholic Church ◽  
Roman Catholic ◽  
Economic Thought ◽  
Roman Catholic Church ◽  
Specific Direction ◽  
The Status ◽  
Anglo American ◽  
Social Teachings ◽  
Economic Thinking

this paper, the economic theory of distributism has been analyzed. In the first place, the author explains that the distributism is a social thought which emerged in the Anglo-American world as the development of social teachings in the Roman Catholic Church. Although it has not received the status the main schools in modern economic thought have, distrubutism persists as a specific direction of socio-economic thinking. The paper particularly investigates the ideas of classical distibutism. The author focuses on two basic books by Gilbert Chesterton and two most important economic books by Hilaire Belloc. These authors have insisted on the problem of society moving towards the so-called servile state in which a small number of capitalists rule over mass of proletarians who are gradually coming under slavery status, which is sanctioned by the law. For the purpose of remedying this tendency and collectivism, they proposed a series of measures for a repeated broad distribution of ownership over the means of production. Finally, there is an overview of this idea and its development throughout the twentieth century, finishing with contemporary distributists like John Medaille and Alan Carlson.

Bernays, Horkheimer, and Adorno

2020 ◽  
pp. 114-135
Author(s):  
William Sipling
Keyword(s):  
Social Media ◽  
Public Opinion ◽  
21St Century ◽  
Mass Communication ◽  
Frankfurt School ◽  
Content Creation ◽  
Max Horkheimer ◽  
Theodor Adorno ◽  
Dialectic Of Enlightenment

Social media and 21st century mass communication have changed the technological landscape of marketing and advertising, enabling instant content creation, content curation, and audience feedback. The thought of Edward Bernays can be useful in examining and interrogating today's media, especially through the lens of Frankfurt School social theorists Max Horkheimer and Theodor Adorno. Further, the works Crystalizing Public Opinion and Propaganda are critiqued through ideas found in Dialectic of Enlightenment to give business and PR professionals ethical concepts that may be applied to modern trends in communications.

Application of the TRIZ Method for Development and Evaluation of Innovations in Glass Processing for the 21st Century

2008 ◽  
Vol 39-40 ◽  
pp. 523-528
Author(s):  
Pavel Jirman ◽  
Ivo Matoušek
Keyword(s):  
21St Century ◽  
Creative Thinking ◽  
Cold Working ◽  
Expert Knowledge ◽  
Real Life ◽  
Glass Production ◽  
Glass Processing ◽  
Set Up ◽  
High Level ◽  
Further Development

Improving technology and materials in glass production for the 21st century supposes implementation of high-level innovations. These innovations are necessary not to be only developed, produced and set up but also their qualities and perspectives need to be evaluated so that the ratio of their application is increased. The application ratio of developed innovations lies among 1-3% at present. All stages of glass processing like melting, forming or cold working have mostly limitations of its own further development which are necessary to be detected so that further possibility of innovation can be predicted. At present it is not sufficient to have only theoretic and expert knowledge of the field and IT applications but it is necessary to know the methods of creative thinking for achievement and application of required innovation. Understanding of the system of creative thinking makes possible to better and faster adapt to real life practice which changes very fast. TRIZ (Theory of Inventive Problem Solving) is a powerful method of creative technical thinking which originated by studying patents and by generalization of successful process solving. The method TRIZ makes possible to find a correct formulation of a task out of unclearly described situation as well as to solve the newly re-formulated task by using unique strong instruments of the TRIZ method [1]. Application of the TRIZ method is supported by a unique SW designed for collection of information, analyses, synthesis of solutions and verification of the found solutions. Practical examples of using the TRIZ method will be presented in the contribution on chosen glass technologies.

Re-thinking the Concept of Surplus: Embracing Co-creation Experiences in Economics

2014 ◽  
Vol 14 (4) ◽  
pp. 1283-1297 ◽  
Author(s):  
Avik Chakrabarti ◽  
Venkat Ramaswamy
Keyword(s):  
Economic Theory ◽  
Value Creation ◽  
Supply And Demand ◽  
Central Unit ◽  
Unit Of Analysis ◽  
Potential Value ◽  
Means And Ends ◽  
Economic Thinking

AbstractEconomics has traditionally split consumers from producers by assigning them fixed roles. In the Internetworked economy as it is becoming, this is no longer true as value is increasinglyjointlycreated among individuals, as a function of theirco-creation experiences. We construct a framework that reconnects economics with value creation that goes beyond artifacts as the central unit of analysis, towardplatforms of engagementsof which artifacts themselves are only a part. Engagement platforms are now both the means and ends of value creation, and economic theory must take into account both the potential value generated to individuals through“production” experiences of co-creating artifacts(through co-production engagement platforms), as well asco-creating“consumption” experiences(through co-consumption engagement platforms). We show how starting with joint value creation re-shapes our thinking about the nature of “surplus,” expanding traditional economic thinking about supply and demand toward a more convergent space of markets shaped by co-creation experiences.

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