J. A. Hobson and British Imperialism

A bstract . John A. Hobson made a significant contribution in his economic. social And political analysis of British imperialism. His views on the two leading political imperial issues ofthe 1880s and early 1900s—the schemes for imperial federation and imperial preference —are examined. Hobson discussed such topics with a substantial degree of balance and objectivity, chough he had strong personal feelings on the matters. Since historians of thought have neglected the discussion of imperial copies by Hobson s contemporary economists, Hobson's ideas are considered in relation Co those of ocher economists writing in the period, 1870-1914, including W. J. Ashley. W. Cunningham. H. Fawcett. R. Giffen. W. A. S. Hewins. A. Marshall and J. S. Nicholson. Hobson emerges as the most comprehensive and sophisticated of the group, even chough his ideas appear somewhat muddled.     

John Hobson, Thorstein Veblen and the Phenomenon of Imperialism

Abstract . Although Hobson (1858–1940) and Veblen (1857–1929) both wrote extensively on imperialism, a systematic comparison of their views has yet to be undertaken. This is corrected with reference to three issues: their respective condemnation and explanation of, and remedy for, imperialism. The contexts in which they wrote is outlined and it is shown that on the basis of a shared definition of imperialism: (1) they both condemned imperialism on economic and political grounds, although Veblen's hostility was arguably the greater; (2) they both advanced dualistic explanations of imperialism, but whereas Hobson developed more fully and emphasized economic rather than ideological forces, the reverse was the case for Veblen; and (3) they agreed that modern imperialism could be remedied by the establishment of an international system of law and order. Veblen, however, was far less confident that this would solve totally the problem of imperialism and hence argued for the abolition of both capitalism and patriotism. The convergencies and divergencies in their analyses of imperialism may reflect the British liberal and American radical traditions that the politically involved Hobson and the iconoclast Veblen, respectively, operated within. There is a lesson for our time in their views.     

A Conversation with John C. Gower

Editors' Note: This conversation covers the extensive contributions of John C. Gower to statistical methodology, computing and applications. It also touches on the pioneering development of statistical computing at Rothamsted Experimental Station and the relevant work of Frank Yates, John Nelder and others who were at Rothamsted. See also the accompanying paper by John Gower (1985) on developments in statistical computing at Rothamsted (see Note 1) and the epilogue from Roger Payne.     

约翰·汤普森:"叛逆者"

不做IBM风格的奴隶 　　反叛,是约翰·汤普森(John Thompson)最大的特点,但是他也很精明地把握住了反叛的度.在白人CEO占多数的美国企业界,他的肤色使他显得更加与众不同. 　　……     

Economic Transition and Growth: A Replication

Phillips and Sul (Journal of Applied Econometrics 2009, 24 , 1153–1185) provide an algorithm to identify convergence clubs in a dynamic factor model of economic transition and growth. We provide a narrow replication of their key results, using the open source R software instead of the original GAUSS routines. We are able to exactly replicate their results on convergence clubs, corresponding point estimates and standard errors. We comment on minor differences between their reported results and their clustering algorithm. We propose simple adjustments of the original algorithm to make manual intervention unnecessary. The adjustments allow automated application of the algorithm to other data. Copyright © 2016 John Wiley & Sons, Ltd.     

约翰·塞恩力挽大厦于将倾

正当美林证券和花旗银行都在紧锣密鼓地寻找CEO接班人时,这两个金融大鳄不约而同地把目光锁定在了同一个人身上——此人便是华尔街上的传奇人物——约翰·塞恩。     

A Buddhist Economic System—in Practice:

A bstract . Although there is little discussion of distributive justice in the Theravādā canon, the Buddhist State is advised to provide all people with a minimum income. Radiation theory sees the economy prospering through the virtuous actions of individuals following the moral law. Early Buddhist writings generally accept existing political and economic institutions, even while providing a democratic social ethos revolutionary for its time. King Asoka , greatest of all Indian emperors , pursued a highly activist fiscal policy even though he believed only meditation could help people to advance in moral living. But canonical beliefs about economic activity are much more ambiguous than economic literature often indicates. Hence today there are rightist and leftist Buddhists, differing in interpretation.     

Migrants and International Economic Linkages: A Meta-Overview

Abstract

The migration issue is a much debated subject in many developed countries. This study provides a review of the relationship between migrants and their international economic linkages. It then focuses on foreign direct investment (FDI), for both inward and outward FDI. This study aims to offer a synthesis by means of a meta-analysis of various studies, in order to test the robustness of the relationship between migration and FDI. Our results confirm that immigration has a positive impact on FDI investment in both directions (inward and outward), and that these impacts are higher when migrants are highly educated and skilled.

RÉSUMÉ Le problème de la migration est un sujet qui suscite un intérêt considérable dans un grand nombre de pays évolués. Cette étude passe en revue les rapports entre les migrants et leurs liens économiques internationaux. Elle se penche en suite sur les investissements étrangers directs (IED), tant pour les IED étrangers que pour les investissements à l’étranger. L’étude s'efforce de présenter une synthèse par le biais de méta-analyses de différentes études, dans le but de tester la solidité des rapports entre migration et IED. Nos résultats confirment que la migration a eu un effet positif sur les investissements IED dans les deux sens (de l’étranger et à l’étranger, et qu'elle a un impact majeur lorsque les migrants sont des personnes haute ment qualifiées et spécialisées.

RESUMEN La inmigración es un tema muy debatido en muchos países desarrollados. Este estudio proporciona una reseña de la relación entre los inmigrantes y sus enlaces económicos internacionales. Después se enfoca en la Inversión Extranjera Directa (IED), tanto de entrada como de salida. Este estudio tiene como objetivo ofrecer una síntesis mediante un metanáli sis de estudios varios para evaluar la solidez de la relación entre inmigración y la IED. Nuestros resultados confirman que la inmigración tiene un impacto positivo sobre la IED en ambas direcciones (entrada y salida), y que estos impactos son mayores cuando los inmigrantes tiene un alto nivel de educación y cualificación.

     

Homo Economicus Meets G. H. Mead: A Contribution to the Critique of Economic Theory

A bstract .   The relation between economic behavior and morality remains a live issue within economics and cognate disciplines. The standard view among economists themselves has been that while moral positions (understood broadly) may motivate our behavior, they do not capacitate or enable it. On this view the figure of Homo economicus , representing the how as against the why of our actions, must be understood as resolutely amoral. In this article, we attempt to recover the logic of this position, as well as those of critics who would modify the standard view in some way. Although also critical of the conventional economics-and-ethics divide, we argue that Homo economicus would benefit from a more fundamental rethinking, one that takes account of the theory of the self and its acts, as developed by the social psychologist G. H. Mead. On a Meadian view the economic actor would neither have to grow additional capacities in order to coordinate with his or her fellows, as the evolutionary games theorist's agent has to do, nor depart or deviate from purposeful behavior, as does Homo sociologicus . On a Meadian view, economic capacity has to be more richly endowed than standard Homo economicus in order to do what it is supposed to do, but it is recognizably still a single, purposeful capacity.     

Economic Development and Income Distribution: A Cross-National Analysis

Abstract . The relationship between level of economic development and income distribution is analyzed using both a relative measure of income distribution and, for the first time, an absolute measure of income distribution which corrects for purchasing power differences between nations. Cross sectional regression analysis findings indicate support for non-linear relationships both in the total sample of 68 nations, and also in sub-samples of 54 developing nations and 14 industrial democracies. Our findings suggest that the poorest 40 percent of the population lose income both relatively and absolutely in the early stages of economic development. Thereafter there are gains in income although with diminishing marginal returns at the highest levels of development.     

Economic Analysis and Management Strategy: A Survey Continued

I present an integrated survey of management strategy, which examines organizational design, competitive strategy, and public policy considerations. In addition, 1 offer suggestions on how economic analysis can be applied in unifying and developing management strategy as a field of study.