{"title":"Institutional Corruption: From Purpose to Function","authors":"P. Taylor","doi":"10.2139/SSRN.2417066","DOIUrl":"https://doi.org/10.2139/SSRN.2417066","url":null,"abstract":"In \"Institutional Corruption: A Fiduciary Theory,\" Marie Newhouse argues that the distinctive value of the IC concept attaches only to a proper subset of the uses that we now find in the literature, and that many of these uses are not about institutional corruption (IC) at all. She suggests that we limit IC talk to analyses of fiduciary relationships, and use other concepts and approaches to examine institutional failures that do not involve fiduciary duties. This plea for theoretical parsimony is valuable in its execution and laudable in its intent, but it needlessly sets aside common intuitions about what \"institutional corruption\" is, and it needlessly constrains the scope of the theoretical and political work that IC analyses can do. I will argue that a small refinement in IC theory — focusing not just on institutional purposes but also on social functions — will allow us to save these intuitions while also clarifying the political stakes of anti-corruption work.","PeriodicalId":208075,"journal":{"name":"PRN: Distributive & Economic Justice","volume":"69 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124277564","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Evidence on Globalization","authors":"N. Potrafke","doi":"10.2139/ssrn.2425513","DOIUrl":"https://doi.org/10.2139/ssrn.2425513","url":null,"abstract":"Globalization is blamed for many socio-economic shortcomings. I discuss the consequences of globalization by surveying the empirical globalization literature. My focus is on the KOF indices of globalization (Dreher 2006a and Dreher et al. 2008a), that have been used in more than 100 studies. Early studies using the KOF index reported correlations between globalization and several outcome variables. Studies published more recently identify causal effects. The evidence shows that globalization has spurred economic growth, promoted gender equality, and improved human rights. Moreover, globalization did not erode welfare state activities, did not have any significant effect on labor market interaction and hardly influenced market deregulation. It increased however within-country income inequality. The consequences of globalization thus turn out to be overall much more favorable than often conjectured in the public discourse.","PeriodicalId":208075,"journal":{"name":"PRN: Distributive & Economic Justice","volume":"1 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133169284","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Teaching Normative Economics with a Classroom Experiment: An Asymmetric Public Goods Game","authors":"Stephen J. Schmidt","doi":"10.2139/SSRN.2386907","DOIUrl":"https://doi.org/10.2139/SSRN.2386907","url":null,"abstract":"In this paper I present an asymmetric version of the familiar public goods classroom experiment, in which some players are given more tokens to invest than others, and players collectively decide whether to divide the return to the group investment asymmetrically as well. The asymmetry between players raises normative issues about fairness, rights, and equality that are not present in the symmetric game, where efficiency is the relevant normative concept. Playing the game in class requires students to confront the distributional question, and shows how issues of efficiency can become entangled with other moral issues when solving economic policy problems. The game allows instructors to incorporate theories of distributive justice into economic reasoning in the classroom, as has been widely suggested recently.","PeriodicalId":208075,"journal":{"name":"PRN: Distributive & Economic Justice","volume":"467 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126518583","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Rise of Market-Capitalism and the Roots of Anti-American Terrorism","authors":"Tim Krieger, Daniel Meierrieks","doi":"10.2139/ssrn.2358390","DOIUrl":"https://doi.org/10.2139/ssrn.2358390","url":null,"abstract":"This contribution examines the role of market-capitalism in anti-American terrorism. It differentiates between level- and rate-of-change-effects associated with market-capitalist development and their respective relationship with anti-U.S. violence. While this contribution argues that higher levels of capitalist development consistent with the capitalist-peace literature coincide with less anti-American terrorism, it also suggests that the process of marketization has inflammatory effects on anti-American terrorism. Using panel data for 149 countries between 1970 and 2007, this contribution indeed finds support for these two hypotheses. The findings are further corroborated by system-level time-series evidence. Considering the findings, it is argued that a higher level of market-capitalism is associated with less anti-American terrorism by creating economic interdependencies and a convergence of pro-peace values and institutions. The destabilizing effects of the marketization process are argued to stem from the violent opposition of various anti-market interest groups to economic, politico-institutional and cultural change initiated by a transition towards a market economy. These interest groups deliberately target the U.S. as the main proponent of modern capitalism, globalization and modernity, where anti-American terrorism serves the purpose of consolidating their respective societal position by means of voicing dissent, rolling back pro-market reforms and limiting the perceived Americanization of their communities. The findings of this contribution suggest that the U.S. may ultimately become a less likely target of transnational terrorism through the establishment of market economies, but should not disregard the disruptive political, economic and cultural effects of the marketization process in non-capitalist societies.","PeriodicalId":208075,"journal":{"name":"PRN: Distributive & Economic Justice","volume":"22 23","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"113964813","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Towards a New European Financial Architecture: An Uneven Route","authors":"M. Megliani","doi":"10.2139/SSRN.2322091","DOIUrl":"https://doi.org/10.2139/SSRN.2322091","url":null,"abstract":"The papers outlines the sovereign crisis in the Eurozone and the rescue mechanisms designed to face its consequences.","PeriodicalId":208075,"journal":{"name":"PRN: Distributive & Economic Justice","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126633500","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Idea of a Rural Informal Economy","authors":"J. Conroy","doi":"10.2139/ssrn.2294764","DOIUrl":"https://doi.org/10.2139/ssrn.2294764","url":null,"abstract":"The purpose of this paper is to explore the notion of economic informality and its application in the rural context of developing and transitional economies, applying Keith Hart's (1987) notion of informality as a 'remedial concept'. Some remedy is needed to make sense of the many 'palpable discrepancies' observed between the prescriptions of an economic orthodoxy -- whether of a socialist command economy or a 'marketizing' economy attempting to apply the value chain proposition -- and the 'concrete conditions' of rural life in such economies. The circumstance, that most such economies are only partially 'institutionalized' to whatever economic orthodoxy is being applied in the realm of public policy, throws up the behaviours we recognize as economic informality. In 'marketizing' rural societies the continuing influence of traditional elements, such as household subsistence production, non-market exchange between affines and neighbours, and landholding subject to customary tenure arrangements, may help to explain the phenomenon of partial institutionalization. The tenacity of informality in such economies, and the necessarily slow pace at which small farmer households can be incorporated within formal value chains, should urge us to the more careful study of rural informality and its strengths, to enable these to be harnessed. The advice of Hazell (2011), that it will be necessary 'to make food staples markets work better for small farms', seems a good starting point.","PeriodicalId":208075,"journal":{"name":"PRN: Distributive & Economic Justice","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128663687","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Does Freedom Lead to Happiness? Economic Growth and Quality of Life","authors":"Nina Gorovaia, S. Zenios","doi":"10.1504/GBER.2013.053076","DOIUrl":"https://doi.org/10.1504/GBER.2013.053076","url":null,"abstract":"The preoccupation with economic growth has not led to increase in happiness in the developed world. More than that, the world experienced the worst financial crisis of 2008 since the Great Depression. We draw on Sen's work Development as Freedom and research on economics of happiness to explore the situations when increasing instrumental freedoms have not resulted in overall increase in happiness. The prescriptive part of the paper offers some solutions to the problem.","PeriodicalId":208075,"journal":{"name":"PRN: Distributive & Economic Justice","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132300643","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Performance of Young Adults: The Importance of Different Skills","authors":"Torberg Falch, O. Nyhus, Bjarne Strøm","doi":"10.1093/CESIFO/IFU005","DOIUrl":"https://doi.org/10.1093/CESIFO/IFU005","url":null,"abstract":"This paper uses teacher assessments at age 16 in Norwegian comprehensive schools to measure different types of skills. While we follow the literature and interpret test scores in Mathematics and Science as proxy for cognitive skills, we use a novel measure for another type of skills: Performance in behavioral and practical subjects. Using individual register data, we find fairly strong and equal effects of the two types of skills on high school graduation probabilities. However, we find that “non-cognitive” skills has a much larger impact than “cognitive” skills on the probability to receive welfare benefits or being inactive (NEET) at age 22, while the findings are the opposite for the probability of college enrollment.","PeriodicalId":208075,"journal":{"name":"PRN: Distributive & Economic Justice","volume":"67 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128841588","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Hypergeorgism: When is Rent Taxation as a Remedy for Insufficient Capital Accumulation Socially Optimal?","authors":"O. Edenhofer, Linus Mattauch, Jan Siegmeier","doi":"10.2139/ssrn.2232659","DOIUrl":"https://doi.org/10.2139/ssrn.2232659","url":null,"abstract":"Imperfect altruism between generations may lead to insufficient capital accumulation. We study the welfare consequences of taxing the rent on a fixed production factor, such as land, in this setting. We prove that taxing the rent is welfare-enhancing as it increases capital investment. This holds for any tax level and any recycling of the tax revenues except for combinations of high taxes and strongly redistributive recycling. Specific forms of redistribution of the land rent tax - a capital subsidy or a transfer directed at fundless newborns – allow to reproduce the social optimum under parameter restrictions valid for most economies.","PeriodicalId":208075,"journal":{"name":"PRN: Distributive & Economic Justice","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127798577","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Cumulative Causation at Work: Intergenerational Transfers and Social Capital in a Spatially Varied Economy","authors":"Andrea Gentili, Luca Ferretti","doi":"10.2139/ssrn.2217425","DOIUrl":"https://doi.org/10.2139/ssrn.2217425","url":null,"abstract":"This paper models the dynamic of migration with a particular focus on the cumulative process that causes a variation in the distribution of income in sending communities and therefore a variation in the distribution of skills across different cohorts. The model provides a theoretical framework to Cumulative Causation theory of migration and specifically a theoretical rationale behind the use of migration prevalence ratio to study migration flows. Moreover the model shows how brain drain (in sending communities) and negative cohort effect in terms of education (in receiving communities) are the result of a positive selection of migrants in terms of skills if there is a intergenerational transmission of education.","PeriodicalId":208075,"journal":{"name":"PRN: Distributive & Economic Justice","volume":"45 4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125694307","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}