Introduction: Quality of Life Indicators

Economic growth has increased the potential for a materially more fulfilling life. But economic growth has a price: it undermines the contributions of households, communities, and nature, on which all economic activity depends. How can we make visible, in economic terms, the qualities that are lost as a consequence of excessive economic activity? In the spirit of these critical discussions, Feminist Economics has initiated this issue's exploration of quality of life: Which aspects of life do economists regard as essential to the concept? What can we learn from disciplines whose traditions of quality of life research are older than ours? The ten articles that follow suggest, in the brief form allowed by the format, a number of different ways to approach these questions.     

Hedge fund marketing in an era of regulatory scrutiny

Hedge fund marketing professionals must do a better job of educating the investment industry, regulators included, in an attempt to be sure their voice is heard accurately and loudly through effective thought leadership. When more people understand the role that hedge funds play in an investment portfolio, the cloud of mystery will continue to lift and hedge fund investors will be able to make their own judgment. Hedge fund managers, financial media, investor relations professionals, and others play a key role in this process. Concurrent with this marketing focus, however, the industry must comply with the new requirements of hedge fund regulation and other legal issues. Those who fail to pay heed to the regulators may find themselves in a perilous position.     

Approaching reality: Comparing stakeholder analysis and cultural theory in the context of natural resource management

Increased pressure on ecosystems and enhanced competition over the use of natural resources makes it necessary to develop sustainable methods for natural resource management (NRM). However, NRM is a complicated issue. It involves numerous stakeholders, with different needs, resources and perceptions of nature. Stakeholder participation will necessarily be selective, based both on theoretical assumptions about who is a legitimate stakeholder and unevenly distributed power among stakeholders. Although stakeholder involvement is important, sometimes the theory appears to be rather blunt. It has been suggested that, since different categories of stakeholders embody different perceptions of nature, cultural theory could provide important additional criteria for stakeholder involvement. Based on field studies in Naivasha, Kenya, this paper analyses pros and cons of stakeholder analysis and investigates the usefulness of cultural theory for improved stakeholder analysis.     

Market orientation,marketing capabilities,and firm performance

Drawing on traditional resource‐based theory and its recent dynamic capabilities theory extensions, we examine both the possession of a market orientation and the marketing capabilities through which resources are deployed into the marketplace as drivers of firm performance in a cross‐industry sample. Our findings indicate that market orientation and marketing capabilities are complementary assets that contribute to superior firm performance. We also find that market orientation has a direct effect on firms' return on assets (ROA), and that marketing capabilities directly impact both ROA and perceived firm performance. Copyright © 2009 John Wiley & Sons, Ltd.     

Do family resources matter? Educational attainment during transition in Poland*

We analyse the relationship between family background and children's educational attainment in the 1990s in Poland. If parental poverty affects children's educational prospects, the increase in social inequalities observed in the Polish transition process will be transmitted between generations. We apply an ordered probit model of educational attainment on longitudinal data from the Polish Labour Force Survey. Surprisingly, parents’ income and their labour market status have only a weak impact on children's education. Parents’ schooling, however, is strongly related to children's, and so are household structure, city size, and region of residence. We conclude that, if transmission of inequality takes place between generations, this seems to be primarily caused by the inheritance of human capital rather than by pure wealth effects.     

New Public Management

The paper presents an assessment and evaluation of what is termed ‘new public management’ at the end of the 1990s. In order to provide this assessment, new public management is defined in several ways: as a movement, as an academic commentary, and as reformed organizational practice in the public sector. The paper uses the UK health sector to examine some of the assumed relationships between ideology, actions and consequences implied within a broad understanding of new public management. Developments in the UK health sector are used to address assumptions focusing on different aspects of the ideology (private sector practices and markets can increase efficiency in the public sector), actions (introduction of market mechanisms and business-like, practices) and consequences (operational performance, strategic direction, governance and values). Drawing on developments in the UK health sector, an assessment of new public management at the end of the 1990s sees it much diversified and expanded from original conceptions, which are ensuring its contested survival as a movement, as an academic commentary, and as reformed organizational practice in the UK despite a change of government in 1997.     

Sex Work,Sensory Urbanism and Visual Criminology: Exploring the Role of the Senses in Shaping Residential Perceptions of Brothels in Blackpool

Urban studies and criminology have much to offer each other, but the links between the two have so far been underexplored. This article is an illustration of how aspects of both can, and should, be brought into conversation: namely the literatures on sensory urbanism (in urban studies) and visual criminology. The benefits of doing so are evidenced by a case study exploring the ways in which the senses shape residents’ perceptions of brothels in Blackpool. Three key findings emerge from the case study. First, the residents interviewed tended to focus on the visual aspects of brothels rather than other sensory aspects. Nevertheless, touch and smell (and their interaction with the visual) also played small but important roles in shaping residential perceptions. Second, residential perceptions of sex work and brothels are linked to, and encompass, a plurality of emotional responses. Third, while the residents could see or hear little of what was happening inside the brothels, they often sought out sensory clues from outside, typically drawn from the architectural features of the brothels. Such insights, we argue, are made possible by, and highlight the possibilities of, the bringing together of urban studies and criminology.