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Translator's note: In this article Robert Bayer introduces thenotion regulation as a key concept in analysesof the labour market. The term refers to the balance of social,institutional and economic forces which characte rise at a particulartime the economic system as a whole or particular parts of it.I considered translating regulation as order,regime, system or formation;but these terms are either too static or already bear inappropriateconnotations. It was therefore decided to retain the Frenchexpression in the English text. 相似文献
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Exchange rate indeterminacy in portfolio balance, Mundell-Fleming and uncovered interest rate parity models 总被引:1,自引:0,他引:1
With full stock/flow accounting respected, the two-country openeconomy portfolio balance model has just two independent equationsfor asset market clearing. It can determine home and foreigninterest rates but not the exchange rate. If asset market equilibriavary smoothly over time, the balance of payments equation inthe MundellFleming model is not independent and cannotset the exchange rate either. The familiar fixed reserves/floatingrate vs endogenous reserves/fixed ratedichotomy does not exist, and fundamentals-basedeconometric models of the exchange rate are bound to fail. Analternative is a two-country IS/LM model with exchange ratedynamics added. Its dynamic properties under uncovered interestrate parity are briefly explored. 相似文献
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Tony Lawson's and Uskali Mäki's respective realist projectsrely on an ontology of the economy. This paper will not focuson these research projects but will instead try to shed lighton them by introducing an ontology of the economy accordingto Aristotle. Oikonomiké, the seminal term used by him,is not a noun but an adjective. For Aristotle, nouns expressentities or beings, both self-sufficient beings and accidentalproperties. Adjectives almost always express accidents. Whatkind of being is the economic? This analysis willsuggest some conclusions about the constraints of economic scienceand the need for institutions according to the peculiar ontologicalcondition of the economic as conceived by Aristotle. 相似文献
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The evolution of the temporary staffing industry (TSI) in theUS is examined, with particular reference to the structuralfunctions of temporary work during the boom of the 1990s, theflexible recession of 2001, and the subsequentjobless recovery. It is argued that the TSI isincreasingly playing a systemic, macroregulatory role in theUS labour market, where it now accounts for a disproportionateshare of the costs of labour-market adjustment. The developmentpath of the TSI is closely intertwined with the wider restructuringof the US economy, where it has assumed a significant presenceas a purveyor of low-cost, flexibly mediated labour. 相似文献
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That Coase's political convictions changed from an early socialismto a later neo-liberalism stands in apparent contrast to thetheoretical consistency of his early (The Nature of theFirm) and later (The Problem of Social Cost)contributions to economics. Offering further evidence abouthis early views in particular, this paper takes a fresh lookat Coase's views on competition and antitrust to show that heconsistently stressed the role of what we shall call the principleof institutional direction, and that this principleinvolves an important criticism of both neo-liberal and socialistviews on regulation and state intervention. 相似文献
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This paper provides a short account of Stephen Hymer's lifeand (its link to) his contribution to the theory of the multinationalenterprise (MNE), but mainly the political economy of multinationalcorporate capital. It suggests that as concerns the theory ofthe MNE, Hymer's contribution has in effect predated most currentextant theory. His contribution to the political economy ofmultinational capital, the focus here, is less known, yet ofextraordinary insight and foresight. Hymer predates most importantdebates on what today is called globalisationand came up with analysis of the highest quality and predictionswhich in the main have stood the test of time. The chief limitationin Hymer's work stems from a tendency to emphasise the monopolyattributes of large MNEs, and the inefficiency and inequityof multinational corporate capital. In part becauseof this tendency, some of his later work involved predictionsthat did not necessarily and/or fully follow from his analyticalframework, were shaped by ideology and were ofvarying agrees of accuracy. Despite limitations, Hymer's overallcontribution and impact fully deserves the almost cultstatus he has acquired in the history of economic thought andinternational business scholarship. 相似文献
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Uncertainty: individuals, institutions and technology 总被引:3,自引:0,他引:3
In an attempt to refine the concept of uncertainty, this paperelaborates an ontology of the social world concentrating onindividuals, institutions and technology. It shows the strongentwinement of the ontological aspects of the conceptualisationof uncertainty and epistemological ones. It highlights the ontologicaland epistemological dimensions of different concepts of uncertainty,such as fundamental uncertainty, procedural uncertainty, ambiguityand weak uncertainty (or risk). It also comments on a few writingsthat distinguish varieties of uncertainty with adjectives suchas ontological and epistemologicalor epistemic. 相似文献
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This article tests the view (derived from Hicks and Patinkin)that non-market clearance may be caused by slow adjustment (processrigidity). There are models where market-rationing ispresent and derives from some form of rigidity, but this rigiditycannot be considered as process rigidity. It is similarly possibleto accommodate the idea of process rigidity within the Marshallianresearch programme. What is missing is that market-rationingmight be its corollary. The reason such a causal link is oftenbelieved to exist lies in a generic use of the concept of rigidity,used to designate alternative and incompatible phenomena: exogenousend-state rigidity and equilibrium end-state rigidity,as well as process rigidity. It is true that these first twoforms of rigidity create market rationing. The belief that slowadjustment also generates market rationing results from theunwarranted extension to process rigidity of conclusions whichare only valid for the first two. 相似文献