Acta OeconomicaPub Date : 2022-07-15DOI: 10.1556/032.2022.00018
L. Putterman
{"title":"Cooperation and trust, supportable by our social natures, foster synergy of private, public, and civic sectors","authors":"L. Putterman","doi":"10.1556/032.2022.00018","DOIUrl":"https://doi.org/10.1556/032.2022.00018","url":null,"abstract":"\u0000 The gains in economic welfare achieved over the last several generations depend on social as much as they do on technological innovations. Although much of the technological and commercial progress in question was driven mainly by self-interest and competition, effective functioning of governmental and legal systems and provision of public goods were crucial to social and economic progress, and these depended partly on social norms and motivations. Research suggests that the strengthening in recent centuries of cooperative dispositions embedded in human social psychology by long run evolutionary forces has played an important part in the escape of an increasing share of humanity from poverty. Behavioral economics and research on economic history, institutions and culture are shedding light on these connections and may provide guidance helpful to preserving late 20th century gains in the now rapidly shifting landscape.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2022-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48940159","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Acta OeconomicaPub Date : 2022-07-15DOI: 10.1556/032.2022.00021
B. Schefold
{"title":"From reswitching to zero substitution: A surprising turn in the debate on capital theory","authors":"B. Schefold","doi":"10.1556/032.2022.00021","DOIUrl":"https://doi.org/10.1556/032.2022.00021","url":null,"abstract":"\u0000 The focus of debate on capital theory still is on the macroeconomic aggregate production function, almost seventy years after Joan Robinson attacked this concept. It has turned out that reswitching is rare in large systems. Reswitching and reverse capital deepening once were the most effective arguments against the production function. Later it was shown that an approximate surrogate production function could be constructed, using the approach of random matrices. This seemed to weaken the critique, but a new one has emerged, which shows that the number of effective techniques on the wage curve is small and that the possibilities of substitution between capital and labour are quite restricted in the relevant range or profit. This paper reconstructs the path by which the new results were arrived at and presents a new variant of the proof of zero substitution.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2022-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42914786","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Acta OeconomicaPub Date : 2022-07-15DOI: 10.1556/032.2022.00015
S. Estrin, Amos Witztum
{"title":"Contemporary radical reflections on the principles of economics – Special issue in memory of Mario Nuti •","authors":"S. Estrin, Amos Witztum","doi":"10.1556/032.2022.00015","DOIUrl":"https://doi.org/10.1556/032.2022.00015","url":null,"abstract":"","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2022-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43952353","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Acta OeconomicaPub Date : 2022-07-15DOI: 10.1556/032.2022.00020
Richard Sturn
{"title":"Ideology, power, and progress: Economics and its dilemmas","authors":"Richard Sturn","doi":"10.1556/032.2022.00020","DOIUrl":"https://doi.org/10.1556/032.2022.00020","url":null,"abstract":"\u0000 The complex co-evolution of economics as a scientific discipline is accompanied by two dilemmas which are reflecting ambivalent effects of two ideologies: economism and scientism. Economics may go wrong when certain tendencies occasioned by those inevitable “ideological” influences are ignored. Pertinent problems include pseudo-rationalist conceptions of policy advice and the failure to deal with the limited status of partial analysis and abstractive dichotomies (notably allocation – distribution), the status of core concepts such as scarcity, instrumental rationality, exchange, and contract, as well as the related abstraction from power, distribution, and human sociality relevant for non-contractual interaction in various spheres of social life, including the market economy.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2022-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44398193","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Acta OeconomicaPub Date : 2022-07-15DOI: 10.1556/032.2022.00017
P. Steiner
{"title":"New economic sociology and economic theory","authors":"P. Steiner","doi":"10.1556/032.2022.00017","DOIUrl":"https://doi.org/10.1556/032.2022.00017","url":null,"abstract":"\u0000 The paper begins with a brief reminder of the origin of economic sociology. It then surveys research by economic sociologists from the 1980s to the present, with a focus on their relation to political economy, which ranges from close to arm's length. Finally, beyond any differences between economic theory and economic sociology, the paper considers how both approaches can be connected in the socio-historical and economic study of economic inequalities by Thomas Piketty, and the use of matching markets by Alvin Roth.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2022-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44091555","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Acta OeconomicaPub Date : 2022-07-15DOI: 10.1556/032.2022.00019
Jonathan F. Cogliano, Roberto Veneziani, N. Yoshihara
{"title":"Putting labour values to work","authors":"Jonathan F. Cogliano, Roberto Veneziani, N. Yoshihara","doi":"10.1556/032.2022.00019","DOIUrl":"https://doi.org/10.1556/032.2022.00019","url":null,"abstract":"\u0000 Conventional wisdom has it that Marxian value theory, and labour values themselves, are logically inconsistent, theoretically shaky, and empirically irrelevant. In this paper, we discuss recent research showing that this conclusion is not warranted. While past debates have definitively proved that labour values, or employment multipliers, cannot be used to explain equilibrium prices, this does not mean that a sound, empirically oriented Marxian approach cannot be built which assigns a central role to labour values. To be specific, we argue that they can be used to understand certain fundamental laws of capitalist economies – in particular the relation between profitability, technical progress, and accumulation – and also to construct normatively interesting indices capturing certain inequalities in well-being freedom.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2022-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45547248","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Acta OeconomicaPub Date : 2022-06-23DOI: 10.1556/032.2022.00011
Itir Ozer-Imer, E. Kilic
{"title":"Higher expectations from international trade: ‘Proactive’ and ‘reactive’ contributions to Turkish-Russian relations","authors":"Itir Ozer-Imer, E. Kilic","doi":"10.1556/032.2022.00011","DOIUrl":"https://doi.org/10.1556/032.2022.00011","url":null,"abstract":"\u0000 Turkish foreign policy has undergone a distinctive transformation in the last two decades, placing a greater emphasis on trade relations with her neighbours, which had previously been beyond the scope of Turkish foreign policy. In this respect, Turkey's relations with Russia improved dramatically due to strong trade relations, which not only contributed to the development of these countries but also resulted in peace-inducing effects. This study aims to highlight and analyse the role of economic interests and gains in the transformation of Turkish foreign policy from a political economic perspective. The study suggests that economic interests brought Turkey and Russia together, making hostilities less likely among the two countries. We make also policy recommendations, which take peculiarities of Russia into consideration in order to highlight further gains in trade relations with this country.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2022-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45928248","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Acta OeconomicaPub Date : 2022-06-23DOI: 10.1556/032.2022.00014
Jörg J. Dötsch
{"title":"The role of emergence for a complexity approach in economics – A reply to Olivér Kovács","authors":"Jörg J. Dötsch","doi":"10.1556/032.2022.00014","DOIUrl":"https://doi.org/10.1556/032.2022.00014","url":null,"abstract":"\u0000 This paper provides a theoretical clarification of an important question raised by Olivér Kovács in Acta Oeconomica 69 (4) and points out further problems and possibilities. It clarifies what role considerations of complexity theory have played in the economic sciences so far and why. Focussing on the complementary phenomenon of emergence, the contribution shows where the limits of this approach lie within the discipline and to what extent serious problems of demarcation arise with regard to other disciplines of the social sciences. Accordingly, this paper aims to demonstrate the conditions under which economics can use concepts of emergence in a fruitful way.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2022-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42663567","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Acta OeconomicaPub Date : 2022-06-23DOI: 10.1556/032.2022.00013
Andrea Gelei, Imre Dobos
{"title":"Evolving trust in business relationships – A behavioural experiment","authors":"Andrea Gelei, Imre Dobos","doi":"10.1556/032.2022.00013","DOIUrl":"https://doi.org/10.1556/032.2022.00013","url":null,"abstract":"\u0000 Using situation-specific and dyadic data, we analyse how trust in inter-organisational relationships evolve over time. Based on a multidisciplinary approach, we define four trust-related concepts, which include both behavioural and perceptual aspects of this multifaceted phenomenon. We also develop the hypothesis that the behavioural consistency of the trustee affects the level of his/her trustworthiness as perceived by the trustor. To test this hypothesis, the paper specifies a finite Dynamic Trust Game that, in a unique way, models longer-term relationships characterised by interdependent actions between partners. In contrast to the simple Repeated Games modelling discrete exchange episodes, this game corresponds to the requirements of the interaction approach of the relationship management, since the iterations of the game are interrelated and embedded in previous ones.\u0000 Timely development of the behavioural variables in the game reflects an inverse U-shape with an increasing willingness to cooperate until round 8, with a maximum cooperation level of 80% on average. Behaviour seems to affect the perceived level of trustworthiness. However, we need additional experimental data on inconsistent behaviours to get a clear understanding of this effect.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2022-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43818879","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Acta OeconomicaPub Date : 2022-06-23DOI: 10.1556/032.2022.00009
Emrah Konuralp, Nurten Dayioğlu
{"title":"Analysing the implications of the Health Transformation Program on perceptions of the welfare state and public services in Turkey","authors":"Emrah Konuralp, Nurten Dayioğlu","doi":"10.1556/032.2022.00009","DOIUrl":"https://doi.org/10.1556/032.2022.00009","url":null,"abstract":"\u0000 The neoliberal structural adjustment policies in Turkey moved on to a new phase with the Health Transformation Program (HTP) that came into effect in 2003. In this study, 5,002 people, who used the services of the public hospitals in Istanbul, participated in a face-to-face survey to find out the impact of the HTP on the public's understanding of the welfare state and also the impact on their opinions over the healthcare services offered by the state. The data were classified into two topics: First, the transformation of the welfare state and second, the adequacy of the public healthcare services. Interestingly, the participants took a much more explicit stance against the neoliberal transformation of the welfare state than against the adequacy of the public healthcare service provision. The primary purpose of this research was to expose this paradox.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2022-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48835246","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}