Mill versus Jevons on traditional sexual division of labour: Is gender equality efficient?

Abstract

The question of the legitimacy of traditional sexual division of labour receives growing attention from contemporary economists. In particular, a debate takes place between the “New Home Economics”, which stresses the efficiency of the traditional arrangement and economists questioning the justice of the relations between sexes. The same kind of opposition appears between two Victorian economists: J.S. Mill and W.S. Jevons. Although both are utilitarian, they adopt contrary views about the relative importance of efficiency and justice in the definition of appropriate gender relations. While Mill aims at conciliating justice and utility, Jevons considers that utility outweighs justice.     

Marx's critique of “eternal” political economy: how Mill is alien to Marx's attacks

Marx deplored political economy's claims to establish “eternal” – or “natural” – laws. This paper seeks to defend John Stuart Mill from his critique. It argues that, contrary to what Marx alleged, these two economists have a great deal more in common on this topic than is frequently realised. Both on the theoretical level and on the political one, Mill's views about the relativity of capitalism seem very close to Marx's. This paper also suggests that Marx may have ignored Mill's insistence on the relativity of economic theories because it may have challenged his own “scientific socialism”.     

Lloyds of London Press:Aviation 2000

ＢｒｉｔｉｓｈＡｉｒｗａｙｓｆｌｉｅｓｉｎｔｏｔｈｅｎｅｗｍｉｌｌｅｎｎｉｕｍｏｎａｆｌｉｇｈｔｐａｔｈｔｈａｔｒｅｐｒｅｓｅｎｔｓｔｈｅｆｏｕｒｔｈｍａｊｏｒｅｖｏｌｕｔｉｏｎｉｎｏｕｒｓｔｒａｔｅｇｙｓｉｎｃｅｗｅｅｍｅｒｇｅｄｆｒｏｍｔｈｅｓｈａｃｋｌｅｓｏｆｓｔａｔｅｏｗｎｅｒｓｈｉｐｉｎｔｏｔｈｅｆｒｅｅｄｏｍｏｆｔｈｅｐｒｉｖａｔｅｓｅｃｔｏｒ１２ｙｅａｒｓａｇｏ．Ｉｎｔｈｅｆｉｒｓｔｐｈａｓｅ，ｗｅｄｅｖｅｌｏｐｅｄｔｈｅｅｔｈｏｓｏｆｂｅｉｎｇａｃｕｓｔｏｍｅｒｓｅｒｖｉｃｅｃｏ…     

Experts with a conflict of interest: a source of ambiguity?

We present an experimental design where uncertainty is generated from the advice of experts with conflicts of interest. In this experiment clients are faced with a variant of a multi-armed bandit problem with a random end-time. On the known arm (the “task screen”), clients can earn a certain payment per completion of a decoding task. However, clients may also opt for the unknown arm where they earn an uncertain amount if they end the experiment on this “expert screen”. The amount is uncertain to the clients because the value is being communicated through an “expert” with conflicted incentives. A control session provides for direct transmission of the value to the clients. Our results show that ambiguity aversion is alive-and-well in this environment. Also, when we vary the wage rate on the known arm we find that higher opportunity cost clients are less likely to heed the advice of conflicted experts.     

The Making of New ‘Space’: Cases of Transatlantic Astropolitics

This article investigates geopolitical interactions between Europe and the United States (US) in large-scale outer space application programmes, which I term transatlantic astropolitics. Europe and the US have transcended tangible geographical constraints on terrestrial territories and extended geopolitics to outer space with advanced technologies, thereby making outer space a new ‘space’ for transatlantic interaction. Transatlantic astropolitics reveals an instrumental rationality that both sides pursue interests with respective cost-effective calculation rather than shared norms, common culture, or collective identities. This phenomenon indicates an inconsistency between the discourse of transatlantic security community and practices of European and US individual geopolitical interest satisfaction. This article provides a coupling between theories of international relations (IR) and political geography in outer space issue area, and thereby identifies the role geopolitical thoughts play in transatlantic astropolitics. This article concludes with the validity of neo-classical astropolitics in explaining outer space activities, and cost-efficient calculation as the cause of strategic variation in transatlantic astropolitics.     

Schumpeter’s Theory of Economic Development: 100 years of development

This article sheds light on the impact of Schumpeter’s Theory of Economic Development over the last 100?years, and identifies insights from that work that are less well-known, but that have the potential for informing current developments in evolutionary economics. We identify these insights by tracing the development of Schumpeter’s ideas in Theory of Economic Development, which he revised heavily between the first and second German and the English editions. We not only report material lost in the process and developments in Schumpeter’s thinking that can be read off of the revisions, but also indicate how the newfound material can inform and inspire evolutionary economics today.     

Rationality of inflation–output forecasts of MMS survey: international evidence

We analyse the individual rationality of inflation and output forecasts from Money Market Survey (MMS) for a group of G7 countries and EU under asymmetric univariate Linlin and Linex loss functions. We also test for joint rationality of inflation–output forecasts using the forecast rationality test under multivariate asymmetric loss functions proposed by Ulu (2013). Our results indicate that rationality is often rejected under symmetric loss, and results improve towards rationality when asymmetric loss functions are assumed. The assumption of multivariate asymmetric loss compared to univariate asymmetric loss provides further evidence towards rationality. We also analyse directional forecast accuracy of the inflation and output forecasts and find that the inflation–output forecasts of MMS are valuable when considered both jointly and separately.     

Approval of social security disability appeals: analysis of judges’ decisions

This article is an empirical analysis of decisions by judges regarding requests by individuals for disability benefits. Applicants for disability benefits who are twice denied through the normal process can appeal to one of the Social Security Administration’s administrative law judges, who hold appointed positions. The data for this study are taken from decisions made by approximately 1000 judges for cases heard from 2010 through 2012. Using each judge as a unit of observation, the data reveal the number of cases heard and the number of approvals granted. We augmented the data with additional information on the presiding judge, and with data from the state in which the court resides. The purpose of the study is to determine whether a simple model can explain, first, the volume of decisions rendered at the judge level and, second, the proportion of approvals. Results indicate that the volume of decisions can be explained in part by the judge’s recent record of leniency. Evidence also supports the hypothesis that approval outcomes depend on judges’ professional tenure and economic factors in the state of jurisdiction.     

Mapping of scientific patenting: toward the development of ‘J-GLOBAL foresight’

The Japan Science and Technology Agency (JST) is in the process of building knowledge infrastructure by means of linking accumulated information assets to a variety of databases. It does not aim to develop knowledge data infrastructure based on proprietary format, but on an international standard format. JST is also in the process of creating ‘J-GLOBAL foresight’ [http://foresight.jst.go.jp (accessed June 2012)] in order to match up a variety of data such as results and indices of bibliometric analysis as well as of patent analysis derived from the knowledge infrastructure with applications like Google Maps and facilitate the visualisation of business information. This will contribute to help companies and institutions formulate business strategy based on the information obtained in the future. The former aims to be the bibliographic information version of the Data.gov, which discloses government data from the USA, while the latter seeks to be the Data-gov wiki version, which provides a demonstration by matching up governmental data with applications such as Google Maps.     

Sheffield:The Challenges of a Changing Economy

During the 1980s there were many fundamental economic changes that affected Sheffield. The city lost 80, 000 jobs -about a quarter of total employment. This created wide social divisions across the City with whole communities being progres-sively excluded from job opportunities. Today, despite significant economic development in the area, Sheffield's GDP is only87% of the EU average - and we are surrounded by a region which has gone through a similar experience and is for themost part significantly poorer.     

Frontiers of futures research: What's next?

This paper describes some important frontiers of futures research with the aim of identifying new opportunities for improving the value and utility of the field. These frontiers include the exploration and/or the reexamination of

(a) Potential for integrating new technology with futures research methods,

(b) Ways to reduce the domain of the unknowable,

(c) Ways to account for uncertainty in decision making,

(d) Strategies for planning and management of nonlinear systems operating in the chaotic regime,

(e) Ways to improve understanding of psychological factors that lead to irrational decisions

(f) Appropriate levels of aggregation in investigation of forecasting problems.

(g) The potential offered by new sources of social data.

Choice of specialization: do peers matter?

Social influence is an important factor in learning and decision-making. We estimate peer influence on student choice of specialization using data on undergraduate students of a Russian university. Information about individual social ties has been gathered from a questionnaire survey. We show that specialization choice is significantly influenced by friends as well as by study partners. The strongest effect is produced by friends who are study partners and those who have similar academic achievements. Reciprocal friendship ties have a stronger influence on the choice than nonreciprocal ones. Also, the decision is affected by classmates with similar academic achievement. The results allow us to better understand the mechanisms of peer effects in the specialization choice.     

A Critique of ‘Neoliberal Autonomy’: The Rhetoric of Ownership Society

The rhetoric of the Ownership Society defined by the Cato Institute has been integral to framing the motivation behind the Social Security reform introduced by George W. Bush. This motivational frame involves a fierce advocacy of what we will call ‘neoliberal autonomy’ in a Hayekian and Friedmanite sense. For Hayek and Friedman, the social adequacy component of Social Security is problematized in the name of self-reliance and individual choice, which rejects any authoritative standards as morally indefensible. Nevertheless, the rhetoric of the Ownership Society, though it glorifies the neoliberal notion of autonomy, does not explicitly question the moral basis of Social Security. Rather, by defining the terms of debate, it frames the meaning of Social Security along neoliberal lines in an attempt to make a supposedly detached economic case for private retirement accounts. In this ‘pro-privatization’ framework, the social adequacy component of the Social Security system fades away as individual equity, or actuarial fairness, comes to the fore as the chief theme. We suggest a ‘pro-social’ rhetoric that recognizes the pursuit of social standards as providing the element of autonomy.

Physicians’ use of medical technology: an analysis of the introduction and subsequent failure of drug-eluting stents

Using data on cardiac patients in Florida hospitals from 2003 to 2007, we analyse the adoption and deadoption of a major new medical technology, drug-eluting stents (DESs). The Food and Drug Administration approved DESs in April 2003 and physicians rapidly adopted the new technology. In March 2006, a presentation was made at the American Cardiology Conference which showed that patients receiving DES in real-world settings suffered higher rates of mortality and myocardial infarction than those receiving stents without drugs. We examine the utilization of DES from April 2003 to the end of 2007. Using a hospital fixed-effects model, we find that board-certified and top-trained physicians were initially quicker to adopt DES. Over time, this effect dissipated and top-trained physicians were less likely to use DES by the time new clinical trials indicated they could be problematic. After the news, board-certified and top-ranked physicians were less likely to change their behaviour. Physicians’ own experience also contributes to the use of technology and the effects are stronger for non-board-certified physicians. We conclude that even within hospitals, physician training and experience play an important role in explaining differences in rates of technology use.     

Introduction: Is the European Union Capable of Integrating Diverse Models of Capitalism?

ABSTRACT

The causes and consequences of the Euro crisis have led comparative political economy scholars to question whether European integration can accommodate diverse models of capitalism. This special issue addresses two important questions about the compatibility of diverse growth models within the European Union (EU): Are some growth regimes better suited to European integration than others? and does the EU favour a particular constellation of domestic institutions? Contributions within this special issue provide a qualified yes to these questions, concluding that the EU favours export-led growth models whilst it penalises and discourages domestic consumption-oriented growth paths, particularly those that are financed by debt accumulation. While recent comparative capitalism literature highlights that European monetary integration has favoured export-led growth regimes, contributions in this special issue outline that the EU’s prioritisation of export-led growth over domestic demand-led growth is present in other facets of integration, including EU accession, financial integration, the free movement of people, fiscal governance and the Europe 2020 growth strategy. Findings here provide important insights for both the European integration and comparative capitalism literature, highlighting that the unique economic ties being forged within the European project may be problematic for those countries outside northwestern Europe and for workers in low-wage domestic sectors.     

Performance of the Ambient Tax: Does the Nature of the Damage Matter?

The ambient tax is often considered as an efficient instrument to achieve a first best outcome of ambient pollution when the regulator cannot observe individual emissions, or when monitoring costs are prohibitive. While this view is supported to a large extent by experimental findings, there remains several hurdles that hinder the implementation of the ambient tax in the field. One of these hurdles is the nature of the damage. Experimental findings suggest that the efficiency of the ambient tax is higher under external damage, i.e. if ambient pollution affects non-polluters (Spraggon in J Public Econ 84:427–456, 2002) than under internal damage, i.e. if ambient pollution affects polluters themselves (Cochard et al. in Environ Resour Econ 30:393–422, 2005). But this result rests on very different experimental settings. Therefore, we designed a new experiment that allows to compare external and internal damage within a common setting. Our main finding is that the ambient tax is equally efficient under internal and external damage.     

The economic analysis of social norms: A reappraisal of Hayek’s legacy

This paper is organized as follows: first, we show that the reference to the notion of group selection is coherent with the other parts of Hayek’s thought. Second, we develop the idea that recent works in terms of the emergence and evolution of social norms corroborate in part Hayek’s theses in this domain. Finally, we put to the fore some drawbacks in Hayek’s approach and propose means to solve them.