Changing ethics of distribution

The households which in Britain form the basic units of consumption, derive their entitlement to share in the stream of production largely from employment by organisations and from membership of the political community. These two systems of distribution increasingly conflict. In both the allocative decisions are increasingly made by what are essentially political negotiations. In both, the underlying ethical assumptions are confused, conflicting and in rapid change. Neither better economic controls nor (still less) improved technology can solve present distributive problems. These demand radically revised distributive ethics to meet the mounting demands of the physical and social environment and to distribute the shrinking balance acceptably between consumers.     

WORLD OUTLOOK

In the second quarter of 1980 recession spread from the United States to other OECD countries. We estimate that this process continued in the third quarter and forecast that it has a further six months to run. The latest US indicators suggest that some recovery may have taken place in the third quarter. We do not believe at this stage that any such recovery is currently sustainable. Our forecast of the world economy implies continuing US recession and some further drop in output in Europe and Japan.     

Size of organisation,attitudes to work and job satisfaction

It is widely believed that large size creates problems for industrial relations and, conversely, that small size is beneficial. There has been little research relating size and workers' attitudes—this article reports the findings from a study in 24 factories in British manufacturing industry.     

Agreeing on generalised Darwinism: a response to Pavel Pelikan

Pelikan (J Evol Econ 21:341–366, 2011) develops an interesting conceptual framework that adds to prior work on generalised Darwinism. Despite claims to the contrary we show that it is similar to the approach developed by Hodgson and Knudsen (J Evol Econ 16(4):343–366, 2006a, J Econ Behav Organ 75(1):12–24, 2010a, b), Aldrich et al. (J Evol Econ 18(5):577–596, 2008) and others. Pelikan also mischaracterises the Hodgson–Knudsen position over Lamarckism. We show why the term is misleading (rather than strictly wrong) when applied to social evolution.     

Human resource management in multinational and domestic enterprises: A comparative institutional analysis in Southeast Asia

This article looks at the relative impact of context on the role of senior managers. It compares HR directors of domestic enterprises (DEs) with those of multinational enterprises (MNEs), within an emerging market setting, based on a survey of HR directors in Brunei. We found that, with the exception of some aspects of selection and recruitment, HR directors of MNEs accorded a higher priority to strategic tasks but were more reluctant to delegate. This study confirms the importance of MNEs in pioneering more modern and integrated approaches to people management but also demonstrates the limitations to the extent where they might act as evangelists of new practices that are adopted by their local peers. In contrast, local firms were more likely to concentrate their attention on administrative, rather than strategic, issues. We draw out the implications of our findings for theory and practice.     

The opportunity not taken: The occupational identity of entrepreneurs in contexts of poverty

Innovative entrepreneurship is an essential but often missing outcome of poverty alleviation efforts. This qualitative study set in rural Ghana explores the occupational identity of entrepreneurs, the institutions that shape it in isolated “island networks”, and how it influences entrepreneurs' practices and decisions. We find that the institutional forces of “collectivism” and “fatalism” feature prominently. Being an entrepreneur in such settings means being a mentor, market link, and community safety net, and the types of opportunities entrepreneurs pursue are largely seen as pre-destined and inherited rather than individually chosen. As a result, the pursuit of innovative opportunities may be significantly limited.     

Properties that Sell at or above Listing Price: Strategic Pricing,Better Broker or Just Dumb Luck?

The Journal of Real Estate Finance and Economics - A surprisingly large number of houses sell above listing prices in a wide range of markets and in all market conditions. The question is: why do...