1 - 10 of 13 articles
Published QUARTERLY in the interest of constructive synthesis in the social sciences, under grants from the Francis Neilson Fund and the Robert Schalkenbach Foundation.
Abstract. This paper examines the reaction of the market to news that the Washington Post had won a Pulitzer Prize for a story that was demonstrably false. The reaction to the stock price of the Post as well as the stock prices of other newspapers is examined using dummy variables for two days,...
Abstract. This paper argues that Weber's outline and research program is only of limited relevance for present‐day economic sociology and heterodox economics because Weber had a rather narrow and static understanding of rationality and the economy. Uncertainty, both as a basic fact of economic...
Abstract. The deficiencies of economic science are examined against its historical development: the utilitarian concentration upon individual choice conflates preferences and values and the hedonistic calculus is inoperable in the presence of incommensurability. In restricting explanations of...
Abstract. These comments were prepared in response to the session “Echoes of Henry George in Modern Analysis” presented at the 2002 meetings of the Southern Economic Association. Professor Holcombe prepared his comments at this journal's request at a later time.
Abstract. The spatial distribution of economic activity is determined by a balancing of increasing and decreasing returns to scale activities. The Henry George Theorem states roughly that, if economic activity is efficiently organized over a “large” space, aggregate land rents equal the...
Abstract. Henry George anticipated the winner's curse phenomenon and suggested an antidote to prevent wasteful land speculation. In these ways his economic ideas still resonate today as part of modern finance theory.
Abstract. The judicious use of natural resources is a crucial prerequisite for sustainable growth not just in developed countries but even more so in the third world. More generally, natural resource use is determined to a substantial degree by the tax structure governing a country's economic...
Abstract. These comments were presented at a session entitled “Echoes of Henry George in Modern Analysis” held at the 2002 meetings of the Southern Economic Association.
Abstract. The main objective of this paper is to illuminate social and cultural preconditions for networking and success in business in an African context. By in‐depth studies of small‐scale entrepreneurs in the wood business in Tanzania, we find that people belonging to an Asian subculture...
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