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.     

Max Weber and Economic Sociology

A bstract .   Peukert (2004 ) argues that Weber's work is only of limited relevance to present-day economic sociology because it incorporates "a rather narrow and static understanding of rationality and the economy." This article disputes that claim. It is argued that Weber differentiates between economic and sociological perspectives on the economy through incorporating uncertainty into the latter. Hence Weber's economic sociology develops the distinction between "before" and "after" perspectives on action, incorporates expectations, and defines capital with reference to time and uncertainty. Furthermore, Weber's analysis of formal rationality presupposes uncertainty. Weber's economic sociology thus assumes a dynamic economy, where uncertainty is prevalent, and formal rationality can reduce uncertainty. Peukert's analysis thus (a) fails to consider Weber's differentiation between economic and sociological investigations, and (b) does not engage with Weber's knowledge of Austrian economics.     

The Sociology of Knowledge as a Tool for Research Into the History of Economic Thought

A bstract . Hill and Rouse's formulation of Mannheim's framework for the sociology of knowledge as a means of examining the history of economic thought is rejected although it is held that they render an important service to economics by arguing the need for employment of the sociology of knowledge as a research tool. They have not appropriated Mannheim's categories authentically and they apply them in an overly simplified and undialectical manner. Even Mannheim's authentic formulation of the sociology of knowledge suffered limitations which more recent work enables us to overcome. What is believed to be a superior sociology of knowledge framework for investigating the evolution of economic thought is constructed by joining the Berger-Luckmann model of legitimation with Habermas's philosophical anthropology. Increasingly economists are recognizing that their discipline is in a state of crisis. The crucial issue is how we can better understand the sociological nature of economic thought—its social functioning—to enable us to formulate our own economic theory so as to maximize human welfare.     

Parsonian Economic Sociology

A bstract .   This article focuses on Parsonian economic sociology and its actual or potential bridges and contributions to contemporary economics. These bridges are methodological or epistemological and theoretical or substantive ones. A relevant instance of the methodological bridges is socioeconomic holism, epitomized in the systems approach to economy and society. An important case of the theoretical bridges is sociological institutionalism. The holistic systems approach is a pertinent methodological bridge in that it treats the economy as an integral element of society as a larger system, and consequently treats economics as part of the complex of social sciences. Sociological institutionalism is an important theoretical bridge to (especially institutional) economics by virtue of its emphasis on social institutions and their economic significance. Some other methodological and theoretical bridges of Parsonian economic sociology to contemporary economics are also identified and discussed.     

关于XJ集团产业升级的哲学思考——论重点突破与整体带动

中国的民营企业近几年受国际金融危机及国内经济发展速度放缓的状况影响,民营企业如何通过产业升级在逆境中发展就显得尤为重要和迫切。XJ集团2013年初定下了"产业升级、重点突破"为其集团战略之一,笔者运用所学的哲学理论对其公司战略进行另一层面分析,希望通过分析,大致掌握相关哲学理论的实际运用方法和运用技巧。文章主要从哲学视角探讨XJ集团产业升级调整过程中整体与部分的关系,提出XJ集团产业升级的重点在于以家具流通产业升级为战略牵引,通过发挥集团总部战略中心的作用,整体带动XJ集团整体产业融合。     

Frank H. Knight's Criticism of Henry George

A bstract .   The ferocity of Knight's comments on Henry George may come as a surprise to those who are not familiar with his criticisms of other economists and philosophers. But, in fact, his criticisms of George are not due to specifically Knightian insights on George's approach, but rather reflect the different philosophical framework from which neoclassical economists like Knight think. At the core of Knight's disagreements with George is his neoclassical theory of rent, as the Georgist critics of Knight understand. The article reviews the philosophical, economic, and ethical ideas that underlay Knight's neoclassicism, and hence inform his criticism of George.     

Exploring the Political Side of Board Involvement in Strategy: A Study of Mixed‐Ownership Institutions*

abstract This article reports on a comparative study of strategic decision‐making and board functioning in nine firms. Findings indicate that the heterogeneity of interests represented on the board, members' possession of relevant knowledge, and the presence of ex‐ante conflict resolution mechanisms combine in shaping if and how board members engage in strategy‐related activities and how strategic decisions are taken. Findings extend current understandings about the strategic functions of the board (monitoring, advice, and resource‐dependence), suggesting how, under certain conditions, boards may act as negotiation forums where directors search for a reconciliation between diverging shareholders' interests and views.     

Animating the Urban Vortex: New Sociological Urgencies

The current era of global urbanization is defined by a convergence of economic and political crises requiring urgent sociological reflection on the meaning of the ‘urban' today. This article responds to the current rethinking of worldwide processes of urbanization sparked off by Brenner, and Brenner and Schmid, arguing for a renewed sociological approach to urban formations that probes beyond the economic logic of urban ‘de‐territorialization', towards the capricious life‐worlds and forms of planetary organization that define the urban. We pursue a theory of the ‘urban vortex' to capture the maelstrom of disorienting crises since 2008, and explicate the social formations implicated in the construction, materialization and practice of power and transgression in cities today. Our aim is to consider what forms of social change emerge in volatile, intense and centralized dynamics (the urban vortex), and how this might relate to arrangements of interconnectivity, particularity and variegation (the planetary). The article highlights three prominent processes of urban social formation: accumulation, stratification and hyper‐diversity—reinstating the need to theorize the centrality of the city within the formations of twenty‐first century capitalism.     

5. The Project of Reconciliation and the Road to Redemption: Hegel's Social Philosophy and Nietzsche's Critique

Arthur Schopenhauer once observed: "A Philosophy in between the pages of which one does not hear the tears, the weeping and gnashing of teeth and the terrible din of mutual universal murder is no [genuine] philosophy." ¹ Certainly, the unforgettable events of the twentieth and early twenty-first centuries, which bear the names Auschwitz, Hiroshima, Rwanda, and Darfur, pose a challenge for philosophical thinking to prove itself equal to what emerges from these horrific events. To that end, my paper looks back to the philosophies of G. W. F. Hegel and Friedrich Nietzsche—in particular to their vision of a social reconciliation and cultural redemption—as a source of inspiration in our efforts to meet the challenges posed for a philosophy of the future by the global scale of violence, human suffering, and alienation. In what follows, I first offer a comparative analysis of Hegel's "project of reconciliation" with Nietzsche's "project of redemption." I then consider whether or not either philosopher can provide us with a coherent and attractive ethical/sociopolitical alternative for our postmodern world—a world still characterized by global violence, injustice, genocide, ecological degradation, and the prospect of nuclear annihilation.     

Institutional Stickiness and the New Development Economics

A bstract .   Research examining the importance of path dependence and culture for institutions and development tells us that "history matters," but not how history matters. To provide this missing "how," we provide a framework for understanding institutional "stickiness" based on the regression theorem. The regression theorem maintains that the stickiness, and therefore likely success, of any proposed institutional change is a function of that institution's status in relationship to indigenous agents in the previous time period. This framework for analyzing institutional stickiness creates the core of what we call the New Development Economics. Historical cases of postwar reconstruction and transition efforts provide evidence for our claim.     

The CAPITAL in Social Capital: An Austrian Perspective

In recent decades economists started discovering the importance of the social dimension of economic interactions. Contemporary economics has borrowed several sociological concepts for its own use, among the most important being the concept of social capital. However, this transfer within disciplines did not occur without a loss—the nature of social capital in economics remains confused and obscure. The purpose of this article is to clarify it, specify the possibilities for its use, and discuss their limits. It is argued that economics once also possessed a view of human beings that was more “socialized” than the modern neoclassical Homo oeconomicus, and that this more “socialized” view still exists in the Austrian school of economics. Because this tradition of economic thought has also developed an elaborate capital theory, it can serve as an ideal source where we can look for inspiration in the current social capital debate. First, social capital is (re)defined along these lines as an individual's asset connected with recognized reciprocity (as opposed to interactions usually classified as “altruistic”). Then major critical claims about the relation between social and physical capital are answered and the connection between social capital, trust, and social norms is described.     

基于地域人文环境思考苏南小城镇的发展演化

文章通过对苏南模式下小城镇发展演化过程进行回顾 ,分析苏南人文环境的转化过程。从本土文化、经济发展、政府管理和政策等三个方面揭示了其地域文化伴随着社会经济的发展持续作用于小城镇本身 ,形成特定的动态开放型小城镇社会人文环境 ,保证了该地区小城镇的健康发展演化 ,指出人文环境是提升综合社会环境质量 ,带动经济发展和城市化进程加快的一个重要因素。文章最后提出城乡规划中要给予基于“地域文化”的本土人文环境以相当的重视。     

Coping with International Accounting Diversity: Fund Managers' Views on Disclosure,Reconciliation, and Harmonization*

In this paper we examine the practices of representative samples of U.S.- and U.K.-based international investment managers in order to determine whether and how they are affected by accounting diversity and, therefore, by the presence or absence of quantitative reconciliation, and what their views are towards greater disclosure, reconciliation, or harmonization. We find that all three forms of reduced diversity-more uniform disclosure, quantitative reconciliation to U.S. GAAP, and international harmonization are viewed as good things by managers. None, however, appears to be critical in the investment process. Reconciliation is a costly requirement and we conclude that the SEC's insistence on reconciliation is not well-founded and that other means, especially greater emphasis on mutual recognition subject to certain minimum standards of disclosure and presentation, would be more effective.     

Paying the piper: choice and constraint in changing HR functional roles

HR directors are often exhorted to play a more ‘strategic’ role in their organisations. However, it is not necessarily clear what is meant by this, or whether it is possible for departments to change their role at a whim. In this article we examine the changing role of the HR function within two contrasting organisations – an NHS trust and a bank – over a period of seven years. Drawing on role‐set theory and concepts of negotiated order, we illustrate how HR functional roles are located within a complex and dynamic social setting, and present a model that seeks to map these interrelationships.     

THE SOCIOLOGICAL APPROACH TO FINANCIAL MARKETS

Abstract.  As a part of the renaissance and growth of economic sociology during the past two decades, and in response to processes such as economic globalization, financial markets have been increasingly scrutinized by sociologists. Their investigation is seen as relevant with respect to understanding the structure and dynamics of advanced societies, the dynamics of social development, as well as fundamental aspects of human behaviour. This paper charts recent developments in the sociology of financial markets; its starting point is the treatment of the concept of information within three sociological orientations: the social-structural approach, sociological neo-institutionalism and the newer social studies of finance. By highlighting their different assumptions about information and market behaviour, I discuss how these approaches conceptualize financial markets, the methodological implications and the ways in which they contribute to the study of financial exchanges.     

Economics, Sociology, and the "Professional Complex"

A bstract .   This article discusses the relationship between economics and sociology in the context of Parsons's analytical theory of action and systems and his criticisms of orthodox and institutional economics. The article also addresses his view of the importance of the professions to an understanding of the nature of advanced capitalism. The professions are discussed as both an illustration of his theoretical argument and a substantive problem that stimulated the development of his theory. The "professional complex" is an emergent phenomenon in capitalism that modifies its operation and points to the complexity of systems of social action that require to be analyzed without being reduced to one of their elements. This reductionism is evident in orthodox economic theory and also in the more sociologically-oriented approach of institutional economics. Parsons argues that each is a form of what, following Whitehead, he calls the "fallacy of misplaced concreteness." Although Parsons offers a significant critique of dominant approaches in economics, major flaws within his own theory create the appearance that he has simply carried over the deficiencies of orthodox theory into his own general statement of theory. These flaws contribute to major misunderstandings of Parsons's project and, therefore, indicate continuing problems in the relation between economics and sociology.     

Suburban Practices of Energy Descent

This article proceeds on the basis that the cost of energy will rise in coming years and decades as the age of fossil energy abundance comes to an end. Given the close connection between energy and economic activity, we also assume that declining energy availability and affordability will lead to economic contraction and reduced material affluence. In overconsuming and overdeveloped nations, such resource and energy “degrowth” is desirable and necessary from a sustainability perspective, provided it is planned for and managed in ways consistent with basic principles of distributive equity. Working within that degrowth paradigm, we examine how scarcer and more expensive energy may impact the suburban way of life and how households might prepare for this very plausible, but challenging, energy descent future. The article examines energy demand management in suburbia and how the limited energy needed to provide for essential household services can best be secured in an era of expensive energy and climate instability. After reviewing various energy practices, we also highlight a need for an ethos of sufficiency, moderation, and radical frugality, which we argue is essential for building resilience in the face of forthcoming energy challenges and a harsher climate.     

ISO 26000 and the Standardization of Strategic Management Processes for Sustainability and Corporate Social Responsibility

The standard ISO 26000 aims to provide guidance on social responsibility and help all types of organizations contribute to sustainable development. Such guidance is important since there is still no consistent understanding of what corporate sustainability and social responsibility (CSSR) encompass. Many companies lack a strategic approach to CSSR and instead follow unsystematic procedures; thus, formal strategic planning could improve operational efficiency. Against this background, this article critically examines the contribution of ISO 26000 to the strategic management processes of different types of companies. This allows the potential of ISO 26000 for guiding companies on their path to sustainability to be identified. The analysis shows that the standard is most useful for beginners in CSSR. However, ISO 26000 does not cover the entire range of strategic management processes. Instead, the standard is especially helpful for internal and external analyses and in providing starting points for implementing sustainability strategies. Copyright © 2012 John Wiley & Sons, Ltd and ERP Environment.     

"三淮一体"与淮安城市化进程

淮安市地处我国"π"型国家经济开发轴的结合部.在江苏省"加快发展苏北"的大战略构架下,通过"三淮一体"战略的实施,淮安市正在逐步成为苏北交通中心枢纽和重要的经济中心.本文对在城市化进程中怎样更好地通过科学规划,发挥淮安市的区位优势进行了分析.