Econ 771.001
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Barbara, the Market, and the State Nancy Folbre
University of Massachusetts Amherst ScholarWorks@UMass Amherst Economics Department Faculty Publications Series Economics 1998 Barbara, the Market, and the State Nancy Folbre Follow this and additional works at: https://scholarworks.umass.edu/econ_faculty_pubs Part of the Economic Theory Commons Recommended Citation Folbre, Nancy, "Barbara, the Market, and the State" (1998). Feminist Economics. 106. Retrieved from https://scholarworks.umass.edu/econ_faculty_pubs/106 This Article is brought to you for free and open access by the Economics at ScholarWorks@UMass Amherst. It has been accepted for inclusion in Economics Department Faculty Publications Series by an authorized administrator of ScholarWorks@UMass Amherst. For more information, please contact [email protected]. B ARBARA, THE M ARKET, AND THE STATE Nancy Folbre ABSTRACT Some re ections, in poetry and prose, on Barbara Bergmann’s contributions to economic theory. KEYWORDS Bergmann, discrimination, child care, feminist theory A FAIRY TALE People say that, once upon a time, there was an emperor, Fond of silks and satins, vain to a fault, fearful that his naked parts Did not measure up, who employed many a tailor to construct A wondrous wardrobe that could make him look greater than he was. Yet he also wanted to seem good and kind and true because His authority rested on the consent of those he ruled. The emperor’s objective function, economists would describe As positive and decreasing in all Z goods related to his own appearance And consumption; picture an indifference curve describing combinations Of virtue and privilege that would equally suit; equilibrium depends On the relative price of both, the noble budget line, and hence, It matters that honesty is by far the most expensive good. -
Ecological and Feminist Economics: an Interview with Julie A. Nelson Julie A
real-world economics review, issue no. 91 subscribe for free INTERVIEW Ecological and feminist economics: an interview with Julie A. Nelson Julie A. Nelson and Jamie Morgan [University of Massachusetts, Boston and Tufts University, MA. USA; Leeds Becket University, UK] Copyright: Julie A. Nelson and Jamie Morgan, 2020 You may post comments on this paper at https://rwer.wordpress.com/comments-on-rwer-issue-no-91/ Julie A. Nelson is Professor Emeritus of Economics, University of Massachusetts, Boston and Senior Research Fellow at the Global Development and Environment Institute, Tufts University. Over the last 30 years and more she has established herself as a highly respected voice on many aspects of economics, most notably social and environmental policy, ethics, feminism and economics. Her work often has a methodological frame of reference, though she also has a longstanding record in applied economics (initially micro) and worked for the World Bank and the US Bureau of Labor Statistics early in her career. She is the author or co- editor of such well-known books as Economics for Humans (Nelson, 2018) and Beyond Economic Man (Ferber and Nelson, 1993).1 Her published work spans the mainstream- heterodox divide (for example, American Economic Review, Ecological Economics and Cambridge Journal of Economics). Moreover, her collaborative work on various textbooks has shown a laudable commitment to pluralism and the transformation of the curriculum and pedagogy of economics (for example, Goodwin et al., 2019). She was the 2019 President of the Association for Social Economics and is the editor of the Economics and Business Ethics section of the Journal of Business Ethics. -
Kranton Duke University
The Devil is in the Details – Implications of Samuel Bowles’ The Moral Economy for economics and policy research October 13 2017 Rachel Kranton Duke University The Moral Economy by Samuel Bowles should be required reading by all graduate students in economics. Indeed, all economists should buy a copy and read it. The book is a stunning, critical discussion of the interplay between economic incentives and preferences. It challenges basic premises of economic theory and questions policy recommendations based on these theories. The book proposes the path forward: designing policy that combines incentives and moral appeals. And, therefore, like such as book should, The Moral Economy leaves us with much work to do. The Moral Economy concerns individual choices and economic policy, particularly microeconomic policies with goals to enhance the collective good. The book takes aim at laws, policies, and business practices that are based on the classic Homo economicus model of individual choice. The book first argues in great detail that policies that follow from the Homo economicus paradigm can backfire. While most economists would now recognize that people are not purely selfish and self-interested, The Moral Economy goes one step further. Incentives can amplify the selfishness of individuals. People might act in more self-interested ways in a system based on incentives and rewards than they would in the absence of such inducements. The Moral Economy warns economists to be especially wary of incentives because social norms, like norms of trust and honesty, are critical to economic activity. The danger is not only of incentives backfiring in a single instance; monetary incentives can generally erode ethical and moral codes and social motivations people can have towards each other. -
Will Look Primarily for Reasons Families Changed, and Why They Appear To
The Growing Differences in Family Structure: What Do We Know? Where Do We Look for Answers? By David T. Ellwood and Christopher Jencks John F. Kennedy School of Government Harvard University August 2001 This paper was prepared as part of the New Inequality Program supported by the Russell Sage Foundation. The authors gratefully acknowledge the generous support for this initiative. Eric Wanner provided helpful comments. Thank you to Elisabeth Welty, Chris Wimer, and David Harding for their excellent research work and thoughtful suggestions and to Seth Kirshenbaum for his careful editing and fine assistance. The Growing Differences in Family Structure: What Do We Know? Where Do We Look for Answers? By David T. Ellwood and Christopher Jencks The rapid changes in family structure in the United States over the past 40 years have unquestionably contributed to growing family income inequality. One mechanism is quite well known. The growth of single parenthood tends to raise poverty and lower family incomes if for no other reason than more children are being supported by only one potential earner who is usually a woman. What is far less well known is the fact that single parenthood has grown quite differently by the level of maternal education. For a women aged 25-34 in the bottom third of the education distribution, the odds of being a single parent has risen from 7% in the mid 1960s to nearly 20% today. For a comparably aged woman in the top third of education, the odds have barely changed from the 5% figure of the 1960s. In spite of a few high profile celebrity cases, single parenthood remains rare for this educated group. -
Behavioral Economics As Applied to Firms: a Primer1
Munich Personal RePEc Archive Behavioral economics as applied to firms: a primer Armstrong, Mark and Huck, Steffen University College London (UCL) January 2010 Online at https://mpra.ub.uni-muenchen.de/20356/ MPRA Paper No. 20356, posted 02 Feb 2010 03:16 UTC Behavioral Economics as Applied to Firms: A Primer1 Mark Armstrong and Steffen Huck Department of Economics University College London January 2010 Abstract We discuss the literatures on behavioral economics, bounded rationality and experimental economics as they apply to firm behavior in markets. Topics discussed include the impact of imitative and satisficing behavior by firms, outcomes when managers care about their position relative to peers, the benefits of employing managers whose objective diverges from profit-maximization (including managers who are overconfident or base pricing decisions on sunk costs), the impact of social preferences on the ability to collude, and the incentive for profit-maximizing firms to mimic irrational behavior. 1. Introduction In recent years there has been a good deal of research investigating how poor or non-standard decision making by consumers might affect market outcomes. In much of this work, the assumption is that firms are fully rational and aim to maximize their profits (and sometimes they do this by exploiting the behavioral biases of consumers). Some of this work points to situations where there is a role for policy which protects consumers from their own failings and from exploitative firms.2 In this article we focus instead on non-standard approaches to firm behavior. Consumers are kept in the background, and are present merely to generate in some fashion a demand curve for the firms' products. -
Unconditional Basic Income
Interrogations #3, Sociology 929, Week 4, February 13, 2018 Unconditional Basic Income 1. Wendy Does basic income undermine access to necessary public goods? Based on the state of public services in the United States, combined with political dynamics on the local, state, and federal levels, I worry that if UBI is implemented in the United States, the program will take on a much more libertarian character. This problem is addressed in OCAP’s paper, “Basic Income: Progressive Dreams Meet Neoliberal Realities,” as well as Barbara Bergmann’s chapter in Redesigning Distribution, “A Swedish- Style Welfare State or Basic Income: Which should have priority?” UBI has already been discussed as a policy to advance the libertarian objective of abolishing most public services like education, healthcare, housing, and transportation (see a series of essays from the Cato Institute: https://www.cato-unbound.org/2014/08/04/matt-zwolinski/pragmatic-libertarian- case-basic-income-guarantee). As it stands in the United States, many public institutions are already weak, underfunded, and inefficient. Without a concerted effort to improve these institutions, the provision of a UBI could possibly allow many individuals to turn to private services- whether it is enrolling in a private school instead of a public school, finding a private healthcare service instead of going to the VA, or taking Ubers instead of buses and subways. Rather than moving towards socialism, the UBI could instead fuel the encroachment of capitalism on the goods we consider to be basic and necessary to everyday survival. Furthermore, I believe the tradeoff Bergmann sets up, between funding public services and funding the UBI will play a large role in some localities. -
Gender Differences*
PERFORMANCE INCOMPETITIVE ENVIRONMENTS: GENDER DIFFERENCES* URI GNEEZY MURIEL NIEDERLE ALDO RUSTICHINI Eventhough the provision of equal opportunities for men and women has beena priorityin manycountries, large gender differences prevail in competitive high-rankingpositions. Suggested explanations include discrimination and dif- ferencesin preferencesand human capital. In this paper we present experimental evidencein support of anadditionalfactor: women may be lesseffective than men incompetitive environments, even if they are able to perform similarly in non- competitiveenvironments. In a laboratoryexperiment we observe, as we increase thecompetitiveness of theenvironment, a signicant increasein performancefor men,but not for women. This results in a signicant gendergap inperformance intournaments, while there is no gap whenparticipants are paid according to piecerate. This effect is stronger when women have to compete against men than insingle-sex competitive environments: this suggests that women may be ableto performin competitiveenvironments per se. I. INTRODUCTION Allocationsacross genders of high prole jobs remain largely favorableto men, and area majorfactor in thegender gap in earnings.For example, Bertrand and Hallock[2001] found that only2.5 percentof the vehighestpaid executivesin alargedata setof U.S.rmsare women (for areviewon genderdifferences in wages,see Blau and Kahn [2000]). Thenumerous attempts to explain this fact can beclassi ed intotwo broad categories.The rstexplanation restson gender differences in abilities and pref- erencesand hencein occupationalself-selection [Polachek 1981]. Thesecond class ofexplanations relatesto discrimination in the workplace,which leads todifferential treatmentof men and womenwith equal preferencesand abilities [Black and Strahan 2001; Goldin and Rouse2000; Wennerås and Wold1997]. In this paper wepropose and experimentallytest an addi- tional explanation:women may be less effective than menin competitiveenvironments. -
The Millennium Breach the American Dilemma, Richer and Poorer
The Millennium Breach The American Dilemma, Richer and Poorer In Commemoration of the Thirtieth Anniversary of the National Advisory Commission on Civil Disorders Executive Summary Second Edition, 1998 The Milton S. Eisenhower Foundation and The Corporation for What Works "Our nation is moving toward two societies, one black, one white—separate and unequal." On March 1, 1968, in the wake of riots in Detroit and Newark, and with more riots soon to come after the assassination of Dr. Martin Luther King, that was the conclusion of the National Advisory Commission on Civil Disorders—the Kerner Riot Commission, named after its chair, then-governor of Illinois Otto Kerner. Thirty years to the day, on March 1, 1998, the Milton S. Eisenhower Foundation released an update of the Kerner Commission. This is the second edition to the update. The original Commission concentrated on African-Americans and inner cities. To provide continuity, much of this update is similarly focused. At the same time, the report is sensitive to rapidly expanding disparities in income and wealth that are class-based, embraces all inner city minorities in poverty, and respects today's more complex, multicultural diversity—particularly the growing proportions of Hispanics and Asian- Americans in urban areas. The report tries to answer these questions: • What happened over the last thirty years? What are the facts on which to build an inner city policy for the new millennium? • What policy doesn't work? • What policy works? • What is the cost of replicating what works to scale and how can it be financed? • What are the major political obstacles against replicating to scale? • What is the political feasibility of a policy based on what works? • What political alliance is needed to generate political will? What Are The Facts? The Kerner Commission proposed remedies to racial, spatial and economic disparity. -
A Feminist Critique of the Neoclassical Theory of the Family
Chapter 1 8 Karine S. Moe A Feminist Critique of with Equal Employment Opportunity laws. Hersch surveys the relevant laws that prohibit employment discrimination. Connecting economics and the legal context, she uses noteworthy cases to illustrate the arguments employed in the courtroom to the Neoclassical Theory of establish a legal finding of discrimination. the Family Love, commitment, work. The essays in this book illustrate how economics can lead to a better understanding of the balancing act in women's lives. The authors help Marianne A. Berber beginner readers of economics to understand how economics can be applied to realms outside of the marketplace. The essays also challenge more advanced readers to think critically about how women connect the domain of family and care to the domain of labor market work. Gary Becker's A Treatise on the family (1981) was published about 20 years ago, a culmination of much of his previous work.1 It has remained the centerpiece of neo- REFERENCES classical economic theory of the family ever since, and Becker has widely, albeit not entirely accurately, been considered "the father" of what is also widely referred to as Becker, Gary. 1981. A Treatise on the Family. Cambridge, MA: Harvard University Press. 2 Bergmann, Barbara R. 1995. "Becker's Theory of the Family: Preposterous Conclusions." the "new home economics." Actually, the honor of pioneering research on and Feminist Economics I: 141-50. analysis of the household as an economic unit properly belongs mainly to Margaret Hersch, Joni and Leslie S. Stratton. 1994. "Housework, Wages, and the Division of Reid (1934), who in turn gave a great deal of credit to Hazel Kyrk, her teacher and 3 Housework Time for Employed Spouses." American Economic Review 84:120-5. -
Underclass": Confronting America's Enduring Apartheid
Columbia Law School Scholarship Archive Faculty Scholarship Faculty Publications 1995 Integrating the "Underclass": Confronting America's Enduring Apartheid Olatunde C.A. Johnson Columbia Law School, [email protected] Follow this and additional works at: https://scholarship.law.columbia.edu/faculty_scholarship Part of the Civil Rights and Discrimination Commons, and the Law and Race Commons Recommended Citation Olatunde C. Johnson, Integrating the "Underclass": Confronting America's Enduring Apartheid, 47 STAN. L. REV. 787 (1995). Available at: https://scholarship.law.columbia.edu/faculty_scholarship/2207 This Book Review is brought to you for free and open access by the Faculty Publications at Scholarship Archive. It has been accepted for inclusion in Faculty Scholarship by an authorized administrator of Scholarship Archive. For more information, please contact [email protected]. BOOK NOTE Integrating the "Underclass": Confronting America's Enduring Apartheid Olati Johnson* AMERICAN APARTHEID: SEGREGATION AND THE MAKING OF THE UNDERCLASS. By Douglas S. Masseyt & Nancy A. Denton.t Cambridge, Mass: Harvard University Press. 1993. 292 pp. $14.95. Douglas Massey and Nancy Denton's American Apartheid argues that housing integration has inappropriatelydisappeared from the nationalagenda and is critical to remedying the problems of the so-called "underclass." Re- viewer Olati Johnson praises the authors' refusal to dichotomize race and class and the roles both play in creatingand maintaininghousing segregation. However, she argues, Massey and Dentonfail to examine critically either the concept of the underclass or the integration ideology they espouse. Specifi- cally, she contends, the authorsfail to confront the limits of integration strate- gies in providing affordable housing or combating the problem of tokenism. -
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. -
A Response to Robert Allen LSE Research Online URL for This Paper: Version: Accepted Version
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by LSE Research Online Losing the thread: a response to Robert Allen LSE Research Online URL for this paper: http://eprints.lse.ac.uk/102559/ Version: Accepted Version Article: Humphries, Jane and Schneider, Benjamin (2019) Losing the thread: a response to Robert Allen. Economic History Review. ISSN 0013-0117 (In Press) Reuse Items deposited in LSE Research Online are protected by copyright, with all rights reserved unless indicated otherwise. They may be downloaded and/or printed for private study, or other acts as permitted by national copyright laws. The publisher or other rights holders may allow further reproduction and re-use of the full text version. This is indicated by the licence information on the LSE Research Online record for the item. [email protected] https://eprints.lse.ac.uk/ Losing the Thread: A Response to Robert Allen† Jane Humphries‡ and Benjamin Schneider§ Abstract In our earlier paper we used archival and printed primary sources to construct the first long- run wage series for hand spinning in early modern Britain. Our evidence challenged Robert Allen’s claim that spinners were part of the ‘High Wage Economy’, which he sees as motivating invention, innovation, and mechanisation in the spinning section of the textile industry. We respond to Allen’s subsequent criticism of our argument, sources and methods, and his presentation of alternative evidence. Allen contends that we have understated both the earnings and associated productivity of hand spinners by focussing on part-time and low- quality workers.