Sadat's Negotiations with the United States and Israel

A bstract The outcome of the negotiations between the Egyptians and the Americans and the Israelis reflected the balance of power between the negotiators in the period 1974-1979 But a realistic assessment of the forces at play at the beginning of negotiations in 1973 could have facilitated a fir more effective utilization of the Arab coalition power that was successfully marshalled for the 1973 military operation and for the brief political battle which ensued Anwar Sadat based his strategies on a highly personalistic assessment of the relevant policies of Israel and the United States, and of their respective relative power Sadat's decision-making and his ability to make concessions was facilitated by the authoritarian character of his rule The documentary record suggests that Egyptian decisions and negotiating strategies from Sinai to Camp David fundamentally reflected President Sadat's psycho-political perceptions and his highly personalized approach to diplomacy     

Henry George and George Bernard Shaw: Comparison and Contrast

A bstract . Henry George , the American economist and social philosopher , and George Bernard Shaw , the British playwright and social reformer , were two famous personalities of the last quarter of the 19th century, each a prophet in his own way. The two men probably never met, though Shaw credited George's oratory as well as his classic. Progress and Poverty , with awakening his interest in economic issues, and to his last days acknowledged his debt to George. Both were deeply committed to ending poverty. But there the similarity ended—George was devoted to ethical democracy, Shaw to socialist dictatorship. George saw cooperative individualism as the goal of social reconstruction; Shaw dreamed of a Superman, and fancied himself a supporter of the Soviet dictator, Joseph Stalin, and of Soviet Russian'communism.'Shaw saw the purpose of life as "being used for a (mighty) purpose;" George saw it as blazing a trail for'progressive humanity,'cooperating with the Creator in creating a moral world.     

Professor Ludwig M. Lachmann (1906-1990): Scholar, Teacher, and Austrian School Critic of Late Classical Formalism in Economics

Ludwig M. Lachmann was born in Berlin in 1906 and died in Johannesburg in 1990. For more than forty years, until his retirement in 1972, Lachmann established himself as a prominent South African economist and for a time served as head of the economics department at the University of Witwatersrand. From 1974 to 1987, he worked with Professor Israel Kirzner in New York City to give new shape and life to the older Austrian school of economics. Lachmann influenced a small army of modern Austrians to discard the elaborate formalisms of orthodox economics for a "radical subjectivism" that had its roots in the teachings of the founder of the Austrian school, Carl Menger. Here a small platoon of scholars offer their thoughts about Lachmann, his contributions to economic reasoning, and his eccentric but engaging character. First hand reports explain what their mentor taught and what his students took away. Lavoie makes the case that Lachmann's "radical subjectivism" took a rhetorical turn toward the end of Lachmann's career in New York City. In addition, Kirzner reports on his long and most productive relationship with Lachmann and provides additional insights about the seminal role of the Austrian Economics Seminar at New York University from 1985 to 1987 in giving shape to the modern Austrian revival. This article is the written version of a "Remembrance and Appreciation Session" held on June 28, 1999 at the History of Economics Society meeting at the University of North Carolina in Greensboro. It is one of an ongoing series that appears in the July issues of this journal.     

David Dubinsky,the International Ladies’ Garment Workers’ Union and the Limits of Social Democratic Trade Unionism

Unlike Parmet’s (2005) well-written and thoroughly researched biography and many other generally admiring books and articles on David Dubinsky, the former International Ladies’ Garment Workers’ Union (ILGWU) president from 1932 to 1966, this essay contends that even though Dubinsky initiated important developments within the ILGWU and fought heroically against Nazism and Fascism, his right-wing social democratic worldview was ultimately divisive to the achievement of national and international working class unity. Dubinsky’s political positions become evident through his vigorous anti-Communism which he engaged in with regards to his dealings with Communists in the ILGWU, the Congress of Industrial Organizations, and the American Labor Party. Moreover, the exporting of his anti-Communism abroad via the American Federation of Labor’s Free Trade Union Committee and the International Confederation of Free Trade Unions damaged international working class unity through the sabotaging of radical trade unionism not only in Western Europe but in nations around the globe. Understanding Dubinsky’s anti-Communism is the key for ultimately comprehending the garment union leader’s politics.     

Radical Individualism vs. Institutionalism, I The Division of Institutionalists into 'Humanists' and 'Behaviorists'

A bstract . David Seckler has filled an important gap in the methodological literature of economics by providing a "radical individualist" critique of American institutionalism (1). Seckler argues that institutionalists have been unable to develop a coherent methodology because of their ambivalence on the issue of " free will versus determinism." Thorstein Veblen, he says, entertained both "humanistic" and "behavioristic" hypotheses in his explanations of human behavior and, consequently, descended into obscurantism. The institutionalist literature in general reflects these contradictory methodological tendencies; for example, John R. Commons was a "humanist" , whereas Clarence Ayres was a "behaviorist." Seckler's critique is not, however, persuasive. He fails to recognize the difficulties inherent in the philosophical dualisms posited by "radical individualism," and he employs them credulously in his critique of institutionalism. Equally damaging to his argument is his failure to give adequate consideration to the meaning and significance of the "institutional dichotomy" in institutional analysis.     

“Evolutionary” and “revolutionary” events affecting HRM in Israel: 1948–2008

In Western countries, HRM strategies, policies and practices commonly develop in a gradual and incremental “evolutionary” way, but unforeseen domestic or external events can also engender “revolutionary” rapid changes. This paper reviews the major evolutionary and revolutionary changes arising from internal and external sources that Israel has experienced since the founding of the State in 1948, which stem primarily from the political, economic, societal and technological spheres. Israel's HRM has been required to take on new roles to adjust to these changes. A set of propositions derived from a 2-dimensional conceptual model associating source (internal/external) with nature (evolutionary/revolutionary) of change is put forward to account for HRM responses and operations in Israel.     

The dynamics of limited breaking out: the case of the Arab manufacturing businesses in Israel

This paper investigates the dynamics of breaking out in the Arab manufacturing business sector in Israel. Based on an ethnographic study and in-depth interviews, this paper develops a three-tier model delineating those characteristics that shape the entrepreneurs' response to structural constraints and their respective mode of operation in the context of resource disadvantage. The model demonstrates that the limited break out of ethnic entrepreneurs signifies selective access to the majority market. Through the model, the paper develops a comprehensive conceptual framework that incorporates two different sets of constraints stemming from the nature of the larger market and institutional setting and community characteristics. The limited breaking out can be explained largely by the dynamics of the interrelations among the institutional environment, the local resources, and the entrepreneurs' characteristics. This implies a Janus-face perspective of breaking out, in which the Arab entrepreneurs tend to use their resources both for the maintenance of their local market and for catering to special segments in the majority market that seek relatively cheap prices or specialized products. The paper concludes that the limited breaking out reflects institutional processes that militate against the minority's ability to fully integrate into the majority market.     

Corruption, institutions and trade

The economics literature describes various factors that affect trade between countries, which, in addition to the standard economic and geographic factors, also include cultural, ethnic and historical factors. The present study is apparently one of only a few attempts in the literature to examine directly the effects of corruption on trade and the first attempt to examine trade over time in a specific country whose level of corruption changed significantly. Israel was chosen as the subject of the study mainly because of the fact that, according to international indexes, the country’s status as a civil society has declined significantly over the past decade. According to the corruption index of Transparency International, Israel was ranked 33rd in the world, at the end of the sample period in 2008, having fallen from 14th in 1995. The results of the research can serve as the basis for comparison to similar studies of other Western countries. The study’s conclusions support the hypothesis that the effect of corruption on trade of any given country is significant, stable and negative.     

Working in the Middle East: Western female expatriates' experiences in the United Arab Emirates

This study is about the experiences of Western female expatriates working in the United Arab Emirates (UAE), a Muslim Arab country in the Middle East. We reveal these expatriates' own interpretations of their adjustment, cross-cultural training (CCT) and social ties and support experiences. On the basis of a survey of 86 female expatriates from Australia, New Zealand, the UK and the USA and subsequent interviews with 26 of them, we find that Western women successfully adjust to life and work in the UAE despite significant cultural differences between their home countries and the UAE. Surprisingly, Western female expatriates do not find lengthy rigorous CCT critical to their assignments in this country. They see such training as an unjustified cost due to the fact that they rarely interact with host nationals and are much more frequently exposed to other Westerners and representatives of other cultures while undertaking their assignments. The large Western expatriate community is highly appreciated as the primary source of social ties and support for our respondents, whereas interacting with host country nationals is rather an exception and does not provide essential ties and support. Our findings have implications for multinational companies (MNCs) operating via expatriation in the UAE and for Western female expatriates who consider this country as their assignment destination.     

Adolph Lowe's Plea for Cooperation and Constructive Synthesis in the Social Sciences

Adolph Lowe and his mentor Franz Oppenheimer were founding members of the Editorial Board of the The American Journal of Economics and Sociology in 1941. Both this journal's name and its mission were inspired by Lowe's greatly underappreciated 1935 book, Economics and Sociology . There, Lowe issued his "plea for cooperation" and "constructive synthesis" in the social sciences. Lowe was committed to interdisciplinary teaching and research for the entirety of his long and interesting career. When celebrating the 50th anniversary of the Journal , it is worthwhile to recall Lowe's enduring contributions. His expression "constructive synthesis" still remains part of the mission of the AJES as inscribed on the back cover of the journal itself.     

Rules versus discretion - A disinflation case

This paper compares a strict inflation target regime to a conservative central bank regime to determine the monetary regime appropriate for a disinflation process. The analysis shows that in a two-period model, in which policymakers face given first-period inflationary expectations, a strict inflation target could be preferred to the appointment of a conservative central banker who has discretion. The result differs from that of Rogoff (1985), who assumed rational expectations and concluded that a conservative central banker is always preferable. The disadvantage of the conservative central banker derives from his tendency to accelerate disinflation relative to rate that maximizes social welfare.JEL Classification: E52, E58The authors are grateful to Alex Cukierman, Nissan Liviatan, Allan Drazen, Amit Friedman and Yoav Friedmann for their useful suggestions. We also thank the anonymous referees for helpful comments. Earlier versions of this paper were presented at the Tel Aviv University macroeconomic workshop, at the Research Department seminar, Bank of Israel, and at the Bank of Israels conference on Macroeconomic Policy, October 2002.     

George Raymond Geiger (1903-1998): A Rich Life

ABSTRACT George R. Geiger, professor of Philosophy at Antioch College for fifty years, died March 19, 1998. He was a founding member of the editorial council of the American Journal of Economics and Sociology (1941-1998) and of the Antioch Review (1941-1998). He was also an advisor to and consulting editor of the Humanist (1955–59). He was the son of the founder of the Henry George School of Social Science of New York City and John Dewey's last doctoral student at Columbia University. Early on in his career he took up his father's cause, that of land value taxation; later he took up a defense of the contributions of his mentor, Dewey, and became in his own words a "journalist of philosophy."     

A Conversation with Roger Koenker

Roger William Koenker was born February 21, 1947. He graduated from Grinnell College in 1969 and obtained his PhD in Economics from University of Michigan in 1974 under the direction of Saul Hymans. He was Assistant Professor of Economics at the University of Illinois at Urbana‐Champaign (UIUC) from 1974 to 1976, and a member of Technical Staff at Bell Telephone Laboratories from 1976 to 1983 and returned to UIUC as Professor in 1983. He is currently a William B. McKinley Professor of Economics and Professor of Statistics at UIUC. He is best known for his seminal work on quantile regression, which has emerged as a powerful regression analysis tool across many disciplines. He is a Fellow of the American Statistical Association, Fellow of the Institute of Mathematical Statistics, Fellow of Econometric Society, and recipient of the 2010 Emanuel and Carol Parzen Prize for Statistical Innovation. The conversation covers part of Roger Koenker's career as an econometrician and statistician, starting from his college years.     

Keynes On Markets

A bstract . The heart of modern economics is the study of "the market," eventually ensuing in the General Equilibrium model. J. M. Keynes ignored, this line of inquiry but from 1907, when he was at the India Office, to the 1940s, when he made proposals for the post-war reconstruction of the financial system , he often addressed himself to the functioning of markets. He is critical of many markets for promoting instability , and especially for embodying low values (greed, fears). It is suggested that Keynes' views on markets were shaped by his personal experiences as an investor; by his realistic, non-theoretical approach; by his anti-Benthamite values and by his sensitivity to the unemployment and "chaos" they often caused.     

马蔚华:与危机竞跑

一手打造出中国最成功的零售银行的马蔚华,花甲之年欲以强化"危机意识"的方式推动招行"二次转型"。他能跑赢时间吗?晨雾刚散,维多利亚港的轮廓渐渐清晰。这时,电话响起,80多岁的老母亲打来了电话:"我没什么事儿,只是想听听你的声音。"闻听此言,马蔚华百感交集,一时语塞。     

Henry George's Challenge to the Economics Profession

A bstract . A session of the American Economic Association and the History of Economics Society commemorating the centennial of the publication of Progress and Poverty , while correctly assessing some of Henry George's writing as hyperbole, raised two important issues; George s legitimacy as an economist and his analysis's significance for economics. Our generation sins on the side of illogic too, but George's status has been questioned not only out of snobbishness but because he was perceived as unsafe; he raised "dangerous" fundamental issues. He questioned the terms of access to and use of land as channeled by real property and other rights and he asked whether the institution of landed property was anachronistically suited to the enjoyment and wealth of some as contrasted to all people.     

Home-grown middle eastern franchises: prospects for the future

This research explores the local factors that drive the competitiveness of Middle Eastern food service franchises in international markets. The literature on franchising is largely concerned with the success and competitiveness of Western franchises in global markets, with little information on the Middle East. This is despite its relevance as a major franchise market, with an economy shifting towards oil-alternative businesses. When referenced, the region is depicted solely as a host to foreign franchise operations, overlooking the opportunities of local businesses to adopt franchising as a strategy for international expansion. A qualitative case study methodology is applied to prominent food service franchises from Lebanon and the United Arab Emirates. The cases highlight real experiences of success and failure in specific regional and international markets, and suggest that culture contributes to international competitiveness. Implications for future research are discussed.

     

Human resource practices and performance of mergers and acquisitions in Israel

An extensive body of literature has investigated financial and strategic variables as predictors of mergers and acquisitions (M&A) performance without finding clear relationships. This paper proposes a knowledge-based view of acquisitions and suggests that to enhance M&A performance acquirers must use human resources (HR) practices that develop integration capabilities during post-merger integration. The paper explains the specific effects of HR practices in M&A in Israel, a country that serves as a microcosm for developed Western countries.     

"Breed Out the Unfit and Breed In the Fit"

A bstract    Fisher's virulent positions on such themes as "race degeneration", the necessity of sterilization measures for certain categories of the American population, and his urgent call for the control of the genetic quality of new immigrants are hardly consistent with the opalescent subtlety of academic disputes over the nature of capital and interest. Although Fisher repeats it often: in his work, this question of the nature of capital and interest is directly linked to eugenic assumptions and analysis. This second body of Fisherian work illuminates the strong epistemological and theoretical references in Fisher's work as an economist. This paper addresses this question through three major themes: the constant denunciation of a «racial decay>> of the American population and its corollary: the project of setting up a «scientific humaniculture>>; the plea against the eugenic effects of World War I, and the then haunting question of the closing of the «Golden Door>>.