ECONOMIC AFFAIRS最新文献

{"title":"Hegel on the right to private property","authors":"Benedikt Koehler","doi":"10.1111/ecaf.12682","DOIUrl":"https://doi.org/10.1111/ecaf.12682","url":null,"abstract":"<p>Canons of liberal classics exclude the work of G. W. F. Hegel. Hegel's approach to the right to own private property, however, reflected his reading of James Steuart and of Adam Smith, and certain questions raised in Law and Economics urge reading anew Hegel on property.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 1","pages":"92-99"},"PeriodicalIF":1.0,"publicationDate":"2025-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143388967","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":"Catholic social thought, the market and public policy: Twenty-first century challenges Edited by Philip Booth and André Azevedo Alves. St Mary's University Press. 2024. 302 pp. £40.00 (hbk). ISBN: 978-1916786004. £28.00 (ebk). ISBN: 978-1916786028","authors":"Robert C B Miller","doi":"10.1111/ecaf.12657","DOIUrl":"https://doi.org/10.1111/ecaf.12657","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 1","pages":"165-166"},"PeriodicalIF":1.0,"publicationDate":"2025-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143389361","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":"No one left: Why the world needs more children By Paul Morland. Forum. 2024. pp. 272. £20.00 (hbk). ISBN: 978-1800754102. £12.99 (pbk). ISBN: 978-1800754126. £13.45 (ebk). ISBN: 978-1800754119","authors":"Charles Amos","doi":"10.1111/ecaf.12692","DOIUrl":"https://doi.org/10.1111/ecaf.12692","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 1","pages":"170-172"},"PeriodicalIF":1.0,"publicationDate":"2025-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143389121","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":"What's ideological about limited government?","authors":"Christian Bjørnskov","doi":"10.1111/ecaf.12689","DOIUrl":"https://doi.org/10.1111/ecaf.12689","url":null,"abstract":"<p>The findings in the literature on the influence of government ideology on economic freedom are mixed. How to aggregate or disaggregate measures of limited government is an open question and causality remains a problem in most studies. This article employs data on government spending and regulation using a new disaggregation scheme developed by Ryan Murphy, and employs a causal strategy relying on comparing general results with results after close elections. The empirical findings indicate that government investment and ownership are affected by government ideology while a statistically significant association with government spending probably reflects the reverse causal direction.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 1","pages":"2-16"},"PeriodicalIF":1.0,"publicationDate":"2025-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143389363","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 care dilemma: Caring enough in the age of sex equality By David Goodhart. Forum. 2024. pp. 256. £25.00 (hbk). ISBN: 978-1800753617. £12.99 (pbk). ISBN: 978-1800753631. £11.99 (Kobo ebk). ISBN: 978-1800753624","authors":"Annabel Denham","doi":"10.1111/ecaf.12697","DOIUrl":"https://doi.org/10.1111/ecaf.12697","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 1","pages":"162-164"},"PeriodicalIF":1.0,"publicationDate":"2025-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143389360","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":"Can machine learning reduce volatility in electricity markets? Lessons from the economic calculation debate","authors":"Fuat Oğuz,&nbsp;Mustafa Çağrı Peker","doi":"10.1111/ecaf.12686","DOIUrl":"https://doi.org/10.1111/ecaf.12686","url":null,"abstract":"<p>The knowledge problem and volatility in electricity markets have long been central to policy debates in energy markets. This study examines the successes and limitations of machine learning in addressing these issues, contributing to the existing literature. Machine learning has shown promise in tackling specific technical aspects of power markets, but its shortcomings in forecasting customer behaviour and managing decentralised, renewable-driven systems highlight the need for further refinement. While machine learning offers potential in reducing certain aspects of market volatility, it is not a comprehensive solution to the broader challenges faced by the electricity market.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 1","pages":"62-77"},"PeriodicalIF":1.0,"publicationDate":"2025-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143389336","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":"Impact of the Medicaid expansions on heart disease mortality in the United States: A county-level analysis","authors":"Grady King,&nbsp;Srinivas Palanki","doi":"10.1111/ecaf.12685","DOIUrl":"https://doi.org/10.1111/ecaf.12685","url":null,"abstract":"<p>Despite the significant changes that the Affordable Care Act (ACA) has made to the US healthcare system since 2010, little statistical analysis of its impact on the deadliest chronic diseases has been made. County-level data from the United States is used in conjunction with difference-in-difference models to isolate the effect of the Affordable Care Act on preventable deaths due to heart disease. Our national causal inference analysis found a significant decrease of preventable heart disease mortality due to the Medicaid expansions.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 1","pages":"78-91"},"PeriodicalIF":1.0,"publicationDate":"2025-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143389339","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 returns to power: A political theory of economic inequality By Thomas Remington. Oxford University Press. 2023. pp. 432. £64.00 (hbk). ISBN: 978-0197685952. £19.99 (pbk). ISBN: 978-0197685969. £13.33 (Kindle ebk). ISBN: 978-0197685976","authors":"Dmitrii Trubnikov","doi":"10.1111/ecaf.12687","DOIUrl":"https://doi.org/10.1111/ecaf.12687","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 1","pages":"160-161"},"PeriodicalIF":1.0,"publicationDate":"2025-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143389359","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":"Liz Truss: More than a lettuce?","authors":"J R Shackleton","doi":"10.1111/ecaf.12695","DOIUrl":"https://doi.org/10.1111/ecaf.12695","url":null,"abstract":"&lt;p&gt;\u0000 &lt;span&gt;Anthony Seldon&lt;/span&gt; (with Jonathan Meakin), &lt;span&gt;Truss at 10: How Not to Be Prime Minister&lt;/span&gt;. Atlantic Books. &lt;span&gt;2024&lt;/span&gt;. 366 + xvi pp. £22.00 (hbk). ISBN: 978-1805462132. £12.99 (pbk). ISBN: 978-1805462163. £11.99 (ebk). ISBN: 978-1805462156&lt;/p&gt;&lt;p&gt;\u0000 &lt;span&gt;Liz Truss&lt;/span&gt;, &lt;span&gt;Ten Years to Save the West: Lessons from the Only Conservative in the Room&lt;/span&gt;. Biteback Publishing. &lt;span&gt;320&lt;/span&gt; pp. £20.00 (hbk). ISBN: 978-1785908576. £10.99 (pbk). ISBN: 978-1785909238. £14.99 (ebk). ISBN: 978-1785908637&lt;/p&gt;&lt;p&gt;On 6 September 2022, Liz Truss replaced Boris Johnson to become Queen Elizabeth II's 15th and last prime minister of the United Kingdom. Two days later, the queen was dead. Following a short period of official mourning, Truss and her Chancellor of the Exchequer&lt;sup&gt;1&lt;/sup&gt; Kwasi Kwarteng launched a ‘mini-budget’ which was intended to cut taxes dramatically without any immediate matching spending cuts. Coming on top of an earlier (and potentially extremely expensive) commitment to subsidising energy prices, this sparked a serious financial crisis. This led to Truss dismissing Kwarteng and installing a new chancellor, who then scrapped almost the entire proposed fiscal package. This U-turn, together with bond-buying by the Bank of England to stave off a potential collapse of pension funds, stabilised the markets. However, she had been compromised by this reversal of her signature policy, became subject to public ridicule, and quickly lost the support of the parliamentary Conservative Party. She had little option but to resign as Conservative leader and prime minister on 20 October after just 44 days in 10 Downing Street. Five days later she was replaced as prime minister by Rishi Sunak. This was the shortest period of office of any British prime minister.&lt;/p&gt;&lt;p&gt;On 11 October, &lt;i&gt;The Economist&lt;/i&gt; (&lt;span&gt;2024&lt;/span&gt;) had published a leader column which compared Truss's expected shelf-life to that of an iceberg lettuce. This image was seized upon by the tabloid &lt;i&gt;Daily Star&lt;/i&gt;, which began to livestream a wilting supermarket lettuce, soon attracting a huge number of viewers and becoming a meme which persisted well after her resignation. In August 2024, for example, Truss walked out of a stage appearance to promote &lt;i&gt;Ten Years to Save the West&lt;/i&gt; after some jokers unfurled a remote control banner with a picture of a lettuce and the legend ‘I crashed the economy’ (&lt;i&gt;BBC News&lt;/i&gt;, &lt;span&gt;2024&lt;/span&gt;). She was reportedly unamused.&lt;/p&gt;&lt;p&gt;The Truss government was certainly something of a fiasco. But why? These two books offer contrasting reasons. While Sir Anthony Seldon largely blames the personal inadequacies of Britain's 56th prime minister, Truss herself sees her administration as fatally undermined by ‘the Blob’, an amorphous grouping including “the quangocracy, an unaccountable judiciary and undemocratic international institutions” (p. 286). She argues that her experience suggests tha","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 1","pages":"147-159"},"PeriodicalIF":1.0,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecaf.12695","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143388988","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Not just the top five journals: A recipe for European economists","authors":"Magnus Henrekson,&nbsp;Lars Jonung,&nbsp;Mats Lundahl","doi":"10.1111/ecaf.12690","DOIUrl":"https://doi.org/10.1111/ecaf.12690","url":null,"abstract":"&lt;p&gt;Recently, the incentive structure facing doctoral students and researchers in economics has changed significantly in many European countries as a result of the adoption of the US approach to evaluating research output. This poses a threat to the development and position of the subject of economics in Europe since evaluation for promotion is characterised by an excessive focus on publishing in the five most highly ranked journals, all but one located in the United States. However, the probability of getting an article into the top five is low and the social cost of the promotion system is consequently high. Promotion criteria other than just top-five publications should be used as a guide.&lt;/p&gt;&lt;p&gt;About 30 years ago, two Swiss economists, Bruno Frey and Reiner Eichenberger (&lt;span&gt;1993&lt;/span&gt;), described how incentives differed between the European and North American academic markets for economists. They argued that because US economists were expected to be more mobile, there were fewer reasons for them to study conditions specific to a particular region or country. Frey and Eichenberger (&lt;span&gt;1993&lt;/span&gt;, p. 189) painted a very different picture for Europe:&lt;/p&gt;&lt;p&gt;Since this was written, the situation has changed considerably. The use of English as a lingua franca has allowed greater exchange and mobility among European researchers and across borders. Postdoctoral and tenure-track positions are filled through recruitment in the institutionalised US or European job market.&lt;/p&gt;&lt;p&gt;Is this constructive? How should doctoral education and post-doctoral careers be organised in Europe? Until the late 1970s, doctoral candidates usually prepared and defended monographs. When compilation theses, consisting of a number of separate essays, began to take over, the constituent papers were expected to revolve around a common theme. However, over time it has become increasingly common that a dissertation consists of ‘three essays in economics’, without any connection between them.&lt;/p&gt;&lt;p&gt;In line with the American model, doctoral students are increasingly expected to concentrate on a long ‘job market paper’ which can be presented to prospective employers.&lt;sup&gt;1&lt;/sup&gt; The idea is that it should show how skilled the PhD student is as an economist. Technical know-how, economic intuition and ability to conduct independent, innovative research should be demonstrated in this paper.&lt;/p&gt;&lt;p&gt;Job market papers tend to be extraordinarily long, increasingly to the point where they approach the length of the old monographs.&lt;sup&gt;2&lt;/sup&gt; Everything has to be shown. But does the research idea emanate from the doctoral student or from the supervisor? Moreover, the thesis should have a single author, but this is far from always the case, especially in Europe. There are even job market papers where the student has several co-authors. But who did what, and what does the thesis say about the PhD student's savvy? Does it reveal a skilled economist, a virtuoso number cruncher, or a skille","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 1","pages":"123-131"},"PeriodicalIF":1.0,"publicationDate":"2025-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecaf.12690","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143389456","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}