The Relational Economy: a Buddhist and Feminist Analysis
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4. Fiscal Decentralization in Buddhist Economics: An
4. FISCAL DECENTRALIZATION IN BUDDHIST ECONOMICS: AN INTERACTIVE ANALYSIS FROM LUMBINI - Indra Prasad Bhusal4 Abstract The main objective of the article is to identify the basic elements of Buddhists Economics applicable to fiscal decentralization. The study reviews the Buddhists Economics and Fiscal Decentralization from global perspective. Fiscal decentralization is the process to deliver the power and resources to the grass root level of governance. If the governing body is able to impose the Buddha’s ideology in the policy, certainly resource allocation conflict will be minimized. Methodologically the researcher has conducted interaction programs among Buddhists economists, scholars and academicians available in Lumbini– the birth place of Buddha. The author has analyzed the facts matching with literature review and focused group discussion in Lumbini. The study has identified elements of fiscal decentralization from Buddhist Economics. These elements can be a guideline for noble scholars, academicians, researchers and policy makers of fiscal decentralization from Buddhists economics. Key Words: Buddhists Economics, Fiscal Decentralization, Lumbini Background This attempt is a study of fiscal decentralization in Buddhists Economics in development economics. Fiscal decentralization constitutes the public finance dimension to decentralization in general, defining how the expenditures and revenues are organized between and across different levels of government in the national polity. The precise nature of intergovernmental fiscal relations and fiscal decentralization policy in any given country varies depending on how sub-national government and administration is organized (UNDP, 2005). Fiscal decentralization should be considered as intergovernmental fiscal relations that show how different level of governments acts and interacts with each other on fiscal issues i.e. -
Diane Elson: Marx and Feminist Economics
Marx and Feminist Economics Notes for a presentation by Diane Elson at Conference on Studying Modern Capitalism- The Relevance of Marx Today At Institute for International Political Economy at the Berlin School of Economics and Law July 2018 Introduction Feminist economics emerged as a distinct body of work in economics in the 1990s, with the founding of the International Association for Feminist Economics (1992), the journal Feminist Economics (1995) and the publication of the Elgar Companion to Feminist Economics (Peterson and Lewis, eds, 1999). It is unified by a concern with gender equality and women’s rights and well- being, and the application of economic thought to analyse gender inequality and women’s lack of rights and inadequate well-being. Of course, a concern with these issues is not altogether new in political economy. The Introduction to the Elgar Companion identified as examples John Stuart Mill and Harriet Taylor Mill, Friedrich Engels, and Torstein Veblen. The variety of approach exemplified in these examples continues in today’s feminist economics, which is eclectic in the kinds of economic theory and analytical tools that are utilised. The first issue of Feminist Economics included a critique of Becker’s theory of the family, a critique of the use that mainstream economists make of the story of Robinson Crusoe, an econometric test of the influence of social/institutional variables on behaviour within families, a debate between a neoclassical economist and an institutionalist economist on determinants of women’s labour force participation in USA, and a paper about caring labour that compares neoclassical and institutionalist perspectives. -
Contemplation for Economists. Towards a Social Economy Based on Empathy and Compassion
Krzysztof T. Konecki 11 ISSN 2071-789X GUEST EDITORIAL Konecki, K. T. (2017). Contemplation for Economists. Towards a Social Economy Based on Empathy and Compassion. Economics and Sociology, 10(3), 11- 24. doi:10.14254/2071-789X.2017/10-3/1 Krzysztof T. Konecki, CONTEMPLATION University of Lodz, Lodz, Poland, FOR ECONOMISTS. TOWARDS E-mail: [email protected] A SOCIAL ECONOMY BASED ON EMPATHY AND COMPASSION ABSTRACT. The goal of the paper is to present the Buddhist approach to the economy and what we can learn Received: December, 2016 from it. It demonstrates David Loy’s analysis of the 1st Revision: March, 2017 meaning of money from the Buddhist perspective. Money Accepted: June, 2017 becomes a reality symbol and an ego symbol. The paper also presents some conclusions from analysis of Buddhist prescriptions to the economic system according to Frederic Pryor. Stress is put on compassion and ethics, which show the ubiquitous interconnectedness that works for the well- DOI: 10.14254/2071- being of the whole society/societies. The Buddhist 789X.2017/10-3/1 approach to the economy is connected with pro-social values and compassion, and this paper looks at the contemporary economy and society from this point of view. Contemporary organizations are based on the greed, which is a feature not only of individuals but also of institutions (institutionalized greed). Work on the self-ego is an important practice (contemplation, mindfulness practice and meditation) in limiting or eliminating greediness in the social and economic system in which we are immersed, but usually not aware of. JEL Classification: A13, Z13 Keywords: Buddhism; economy; money; institutionalized greed; meditation; contemplation. -
The Effect of Income Distribution And
Greenwich Political Economy Research Centre Aggregate demand and inequalities: wealth, income distribution and gender Özlem Onaran University of Greenwich www.gre.ac.uk/gperc Greenwich Political Economy Research Centre Outline • Context and stylized facts • Theoretical framework – A Post-Keynesian/Kaleckian feminist macro model – with demand and supply side interaction – effects of inequalities • Empirical findings • Policy implications University of Greenwich www.gre.ac.uk/gperc Greenwich Political Economy Research Centre Wage share vs. growth US, 1960-2015 EU15, 1960-2015 70 8 74 8 72 68 6 6 70 66 4 4 68 64 66 2 2 62 64 0 0 62 60 -2 60 -2 58 -4 58 56 -4 56 -6 1960 1969 1975 1984 1993 1999 2002 2008 1963 1966 1972 1978 1981 1987 1990 1996 2005 2011 2014 1960 1966 1975 1984 1993 1999 2008 1963 1969 1972 1978 1981 1987 1990 1996 2002 2005 2011 2014 Adjusted wage share/GDP at factor cost GDP Growth (right axis) Adjusted wage share/GDP at factor cost GDP Growth (right axis) Source: AMECO University of Greenwich www.gre.ac.uk/gperc Greenwich Political Economy Research Centre Figure 9: The share of wages in GDP (adjusted, at factor cost) and wealth concentration (share of top 1% in total net wealth, λ) in the UK 0.73 0.30 0.71 0.28 0.69 0.26 0.67 0.24 0.65 0.22 0.63 0.20 0.61 0.59 0.18 0.57 0.16 0.55 0.14 1978 1994 2000 2016 1970 1972 1974 1976 1980 1982 1984 1986 1988 1990 1992 1996 1998 2002 2004 2006 2008 2010 2012 2014 Wage share, adjusted for self-employment (Left axis) Wealth concentration (λ, Right axis) Source: AMECO for wage share -
A View from Feminist Economics Julie A
University of Massachusetts Boston ScholarWorks at UMass Boston Economics Faculty Publication Series Economics 10-1-2009 Rationality and Humanity: A View From Feminist Economics Julie A. Nelson University of Massachusetts Boston, [email protected] Follow this and additional works at: http://scholarworks.umb.edu/econ_faculty_pubs Part of the Applied Behavior Analysis Commons, Behavioral Economics Commons, Economic Theory Commons, and the Sociology of Culture Commons Recommended Citation Nelson, Julie A., "Rationality and Humanity: A View From Feminist Economics" (2009). Economics Faculty Publication Series. Paper 38. http://scholarworks.umb.edu/econ_faculty_pubs/38 This is brought to you for free and open access by the Economics at ScholarWorks at UMass Boston. It has been accepted for inclusion in Economics Faculty Publication Series by an authorized administrator of ScholarWorks at UMass Boston. For more information, please contact [email protected]. Rationality and Humanity A VIEW FROM FEMINIST ECONOMICS Julie A. Nelson INTRODUCTION DOES RATIONAL CHOICE THEORY (RCT) HAVE SOMETHING IMPORTANT to contribute to the humanities? Usually the arguments for answering “yes” to this question go something like the following: The application of RCT has proved to be a powerful tool in economics and the social sciences, leading to clear and rigorous insights unattainable from less precise methods. There- fore, by also harnessing this power, the disciplines in the humanities could advance toward be- coming more elegant, rational, and forceful in their explorations of human behavior. As an economist, I’d like to address this argument on its home ground. Has the use of RCT advanced economics in good and useful ways? More precisely, what are the disciplinary values adopted in economics according to which the application of RCT has been judged a “success”? Is this system of values one we want to continue to endorse even in economics, not to mention more generally? This essay argues that the advantages of RCT have been much overrated within economics. -
A Decolonial Critique of Liberal Modern Buddhist Social Movements
Utopic Colonies A Decolonial Critique of Liberal Modern Buddhist Social Movements Shaun Terry Acknowledgements I strongly believe that no work is ever truly original and no one is ever very responsible for any production. I can certainly say that my work has depended on ideas borrowed, as well as on valuable discussions and interrogations in concert with other people. If I weren’t so lucky for the valuable thoughts and affects of so many people in my life, this project could not be as it is. There are many people for whom I must express deep gratitude. The first person that I must thank is Lauren Leve. I approached her to be my advisor for what became this project (and, initially, was not at all this project). I did not know her at all, other than having been in a couple-hours lecture that she gave. She was hesitant to take on what I (ambiguously, probably confusingly) proposed, but I am incredibly grateful that she took the leap of faith required to help me to manifest this work. It was always necessarily the case that I would not be perfectly prepared to take on something like Buddhism’s subversive potential in liberal modernity, but Lauren pointed me toward resources and showed infinite patience in dealing with my seemingly boundless ignorance. My spontaneous and curious nature tends to bend me toward the circuitous and this project is surely not what Lauren had in mind; there likely are tensions between her work and what I here present. Yet, she has been open-minded and helpful in leading me toward the improved versions of arguments that appear in what I here lay out. -
FEMINIST ECONOMICS Economics 343, Wellesley College Fall 2015, Mondays, 4:10-5:20 and Thursdays, 2:50-5:20 Pm
FEMINIST ECONOMICS Economics 343, Wellesley College Fall 2015, Mondays, 4:10-5:20 and Thursdays, 2:50-5:20 pm Professor Julie Matthaei Office Hours: Economics Department Mondays 5:30-6 pm PNE 423, x 2181 Thurs., 5:30-6:30pm Soo Jin So, Case Fellow & by appointment Objectivity is male subjectivity, made unquestionable. --Adrienne Rich The womanist anti-oppressionist logic is that all forms of oppression, named or unnamed, are unacceptable and derive from a common problem: the dominating impulse, which is, with effort, alchemically transmutable. --Layli Marpayan Education either functions as an instrument which is used to facilitate integration of the younger generation into the logic of the present system and bring about conformity or it becomes the practice of freedom, the means by which men and women deal critically and creatively with reality and discover how to participate in the transformation of their world. •-Paulo Freire COURSE DESCRIPTION: Feminist economics critically analyzes both economic theory and economic life through the lens of gender, and advocates various forms of feminist economic transformation. In this course, we will explore this exciting and self-consciously political and transformative field. After a conceptual introduction to feminist and anti-hierarchical theory, we will look in some depth at seven different types of feminist economic transformation: questioning/envisioning, equal rights and opportunity, valuing the devalued, integrative, discernment, combining, and globalizing/localizing. Our study will include feminist economic analyses of areas understudied or ignored by traditional economists -- occupational segregation by sex, the economics of the household, and caring labor – as well as feminist economic policy prescriptions. -
Feminist Economics and the New Development Paradigm
B+1515 Feminist economics and the new development paradigm Women around the world work longer hours, participate less in labour markets than men, receive lower incomes and are more involved in unpaid work. Feminist economics demands a new development paradigm that is not based on +1515 economic growth and whose indicator is not the average GDP which conceals the half of the economy that is non- BB monetary. The classic model ignores essential activities that take place outside markets, such as maintaining a household, voluntary work, child rearing, caring for the elderly and a large part of food production and crop maintenance. The evolutive economist Hazel Henderson says quered. To cope with this new situation, society must Elsa Duhagon that human behaviour ranges from conflict and organise itself around a family model different from competition at one end of the scale to cooperation the traditional one of “man as provider” and “woman The economic and financial crisis has shown once and exchange at the other. She points out that only as housewife”. Today many families are headed by again that we need an economic analysis that takes market economics functions at the competition end women or by men and women where both have paid gender inequalities into account and that adjusts and that all the other social sciences are interested jobs. For this reason, Grynspan proposes programs some of the basic assumptions of classical econom- in cooperation and exchange, and consequently the of reconciliation between work and family in a way ics. To the current economic conception, growth theory of games is more and more the model to be that involves reconciling men and women, with this equals economic development and the Gross Do- applied.2 She adds, “In fact, new economics and even relation now being seen as one of co-responsibility in mestic Product (GDP) is the most used indicator to the mainstream of economic theory are beginning to the family and one that transcends the private sphere measure the “wealth” generated. -
Keynes and the Making of EF Schumacher
Keynes and the Making of E. F. Schumacher, 1929 - 1977 Robert Leonard* “I consider Keynes to be easily the greatest living economist”. Schumacher to Lord Astor, March 15, 19411 “The story goes that a famous German conductor was once asked: ‘Whom do you consider the greatest of all composers? ‘Unquestionably Beethoven’, he replied. ‘Would you not even consider Mozart?’. ‘Forgive me’, he said, ‘I though you were referring only to the others’. The same initial question may one day be put to an economist: ‘Who, in our lifetime, is the greatest? And the answer might come back: ‘Unquestionably Keynes’. ‘Would you not even consider Gandhi?’… ‘Forgive me, I thought you were referring only to all the others’”. Schumacher, in Hoda (1978), p.18 Introduction On Sunday, December 7, 1941, from a cottage deep in the Northamptonshire countryside, the 30- year old Fritz Schumacher wrote to fellow German alien, Kurt Naumann. He was reporting a recent encounter in London. “A man of great kindness, of downright charm; but, much more than I expected, the Cambridge don type. I had expected to find a mixture beween a man of action and a thinker; but the first impression is predominant, only that of a thinker. I do not know how far his practical influence goes today. Some tell me that it is extraordinarily great. The conversation was totally different from what I expected. I was ready to sit at his feet and listen to the Master’s words. Instead, there was an extremely lively discussion, a real battle of heavy artillery, and all this even though we were 99% in agreement from the outset. -
The Enduring Debate Over Unpaid Labour
TheInternational enduring Labour debate Review, over unpaid Vol. 138 labour (1999), No. 3 287 The enduring debate over unpaid labour Lourdes BENERÍA * onceptual and theoretical norms are at the root of statistical biases leading C to the underestimation of women’s work in labour force and national accounting statistics. Initially viewed as a way of making women’s work more visible, the effort to account for women’s work has gradually evolved to in- clude all unpaid work by whomever it is performed (men, women, children). The evolution of this effort illustrates how the questions raised by feminists have a relevance transcending feminism and challenging basic tenets in conven- tional economic thinking. Ester Boserup, in her classic 1970 book, Woman’s role in economic devel- opment, pointed out that “the subsistence activities usually omitted in the statis- tics of production and income are largely women’s work” (Boserup, 1970, p. 163). She was a pioneer in emphasizing the time-consuming character of these activities which, in rural economies, include physically demanding tasks such as fetching wood and carrying water as well as food production and the “crude processing of basic foods”. Even earlier, Margaret Reid, in her 1934 book, Economics of household production, expressed concern about the exclusion of domestic production from national income accounts and designed a method to estimate the value of home- based work. Then, from the late 1960s, the international women’s movement prepared the ground for a new look at the estimation of women’s economic activities. The issue was then seen as symbolizing society’s undervaluation of women and of their contribution to social well-being. -
The Challenges of Feminist Economics Dolfsma, Wilfred; Hoppe, Hella
www.ssoar.info The Challenges of Feminist Economics Dolfsma, Wilfred; Hoppe, Hella Veröffentlichungsversion / Published Version Zeitschriftenartikel / journal article Zur Verfügung gestellt in Kooperation mit / provided in cooperation with: Verlag Barbara Budrich Empfohlene Zitierung / Suggested Citation: Dolfsma, W., & Hoppe, H. (1996). The Challenges of Feminist Economics. Freiburger FrauenStudien, 2, 59-72. https:// nbn-resolving.org/urn:nbn:de:0168-ssoar-318305 Nutzungsbedingungen: Terms of use: Dieser Text wird unter einer CC BY-SA Lizenz (Namensnennung- This document is made available under a CC BY-SA Licence Weitergabe unter gleichen Bedingungen) zur Verfügung gestellt. (Attribution-ShareAlike). For more Information see: Nähere Auskünfte zu den CC-Lizenzen finden Sie hier: https://creativecommons.org/licenses/by-sa/4.0 https://creativecommons.org/licenses/by-sa/4.0/deed.de The Challenges of Feminist Economics Wilfred Dolfsma und Hella Hoppe] Die sozialen Fortschritte und Übergänge von einer Penode zur anderen erfolgen auf Grund des Fortschritts in der Befreiung der Frauen [ ] die Erweiterung der Pnvilegien der Frauen ist das Prinzip allen sozialen Fortschritts' (Charles Fourier cit in Meyer 1977 69) 1 Introduction The position of women m a society is an mdicator for the general quahty of its social System. Already at the beginning of the 19th Century this opmion was expressed by Charles Founer. However, the actual deconstruction of the Soziale Marktwirtschaft in Germany seems to worsen the Situation of women especially In Germany 3 7 milhon women are working in compames with only some employees - in retail trades, doctor's or lawyer's sugenes and hairdresser's salons for example Whereas in the past an employer with up to three employees didn't come under the law of protection against wrongful dismissal, now this exception concems employers with up to ten employees. -
Buddhist Economics: What Bubble? Everything’S Bubble
Buddhist Economics: What Bubble? Everything’s Bubble. Is there such a thing as Buddhist Economics? Who knows? They certainly don’t talk it up if there is. But Buddhism is unusual in that it requires no faith but instead asks one to simply look at things directly. It offers a lens that you can turn on anything at all. And if you turn it on things like the economy, its kind of shocking…not what one sees but what we refuse to see. To begin, a little understanding would be useful. Buddhism doesn’t really require belief. Instead it invites an expansion of one’s view, which is achieved through various meditational practices that can lead to a pretty clear-eyed view of the world. And in fact the word Buddha just means awake. So at base a Buddhist is an Awakist, one who is trying to wake up. To what? Well, it offers hints about how to ask that question, but it doesn’t tell you the answer to look for. You have to get to that yourself. In the end it is not about what you know but about a state of knowing. Buddhism held a lot of appeal for me when I encountered it, independent and skeptical as I was. But for years I misunderstood one of its foundational timbers, the one that says that nothing has any intrinsic existence. Nothing exists? I thought. What about the person who is thinking that nothing exists? Answer me that! When the idea of such immateriality was expressed here in the West by Bishop Berkeley in the early 18th century, Samuel Johnson thought it nonsense.