Cambridge Journal of Economics最新文献_第3页

The advantages of the corporate form—an impossibility theorem on persons and things 公司形式的优势--关于人和物的不可能性定理

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2024-02-10 DOI: 10.1093/cje/beae003

Johann Graf Lambsdorff

引用次数: 0

Ricardo’s finances and Waterloo: legends by Samuelson and others lack historical evidence 李嘉图的财务与滑铁卢：萨缪尔森等人的传说缺乏历史证据

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2024-02-01 DOI: 10.1093/cje/bead055

Wilfried Parys

{"title":"Ricardo’s finances and Waterloo: legends by Samuelson and others lack historical evidence","authors":"Wilfried Parys","doi":"10.1093/cje/bead055","DOIUrl":"https://doi.org/10.1093/cje/bead055","url":null,"abstract":"Paul Samuelson and others suggested that Ricardo (‘the richest economist in history’) made a life-changing coup on the Stock Exchange after the Battle of Waterloo (1815), but archives reveal that Ricardo amassed his fortune more gradually, often by small profit rates upon large investments, as a jobber on the Stock Exchange and a contractor for seven British Loans. The 1815 Loan generated exceptional profits for Ricardo, but not the million sterling mentioned in unreliable legends about Ricardo or Rothschild. Such legends neglected the stock price statistics, the suboptimal timing of Ricardo’s transactions in 1815 and the dominant role of the Baring-Angerstein consortium, which took a much larger part of the Loans than Ricardo’s consortium. Insufficient attention was also paid to the special year 1813, when Britain exceptionally launched not one, but two very profitable Loans. After his large 1813 profits, Ricardo started contemplating his retirement and bought Gatcombe Park in 1814. Samuelson neglected this and overestimated the influence of 1815 events. Moreover, Samuelson claimed that today Ricardo might be prosecuted for using unscrupulous market manipulation and inside information. Archives and statistics show that Samuelson’s allegations lack historical evidence.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139679759","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The future of work and working time: introduction to special issue 工作和工作时间的未来：特刊导言

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2024-01-25 DOI: 10.1093/cje/bead057

Brendan Burchell, Simon Deakin, Jill Rubery, David A Spencer

{"title":"The future of work and working time: introduction to special issue","authors":"Brendan Burchell, Simon Deakin, Jill Rubery, David A Spencer","doi":"10.1093/cje/bead057","DOIUrl":"https://doi.org/10.1093/cje/bead057","url":null,"abstract":"This introduction to the special issue on the future of work and working time offers an overview of issues of relevance to present-day debates on working time. The aim is to bring together two divergent debates, the first on working time reduction for full-time workers and the second on the diversification and fragmentation of working time. It considers the history of working time including the forces that led to the establishment of the standard employment relationship and to reductions in standard working hours. It addresses contemporary trends and examines why there has been both a stalling of working time reduction and a diversification of working time norms. Some limitations of focussing only on clock time are considered as well as some of the benefits, from more meaningful work to better health and well-being, that stem from both regular and non-excessive working time. The final section turns to the case for reform: it argues that policies are required to address the fragmentation of working time, and that these policies should be combined with a focus on shortening standard working hours that could increase the sustainability of working time in a dual-earner society and even limit the supply of labour for jobs offering only fragmented working time.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2024-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139581451","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Gold Rush vs. War: Keynes on reviving animal spirits in times of crisis 淘金热与战争：凯恩斯谈危机时期动物精神的复苏

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2024-01-20 DOI: 10.1093/cje/beae001

Michele Bee, Raphaël Fèvre

{"title":"Gold Rush vs. War: Keynes on reviving animal spirits in times of crisis","authors":"Michele Bee, Raphaël Fèvre","doi":"10.1093/cje/beae001","DOIUrl":"https://doi.org/10.1093/cje/beae001","url":null,"abstract":"This paper aims to exploit fully the heuristic virtues of Keynes’ famous ‘old bottles’ story, deploying a multi-layered argument and drawing out its broadest implications. In essence, we show that through this story Keynes was making a very serious point about anti-crisis policies: the need for authorities to stimulate animal spirits by relying on people’s natural impulse to action. Rather than taking the place of entrepreneurs and paying people to dig holes, Keynes seems to be arguing that public authorities should put entrepreneurs in a situation where they are so enthusiastic that they go into debt to dig holes, just like during a gold rush. At the same time, it is a question of restoring the banks’ willingness to lend for these overoptimistic projects in a period of total depression. This article explores the conditions that make public intervention as effective as possible through the enthusiasm and individual initiative that can be generated by an artificial gold rush. Such intervention therefore can be as minimal as possible, without having to resort to the opposite authoritarian solution of war. Since the gold rush builds cities and war destroys them, Keynes spent considerable energy convincing his contemporaries that liberal-democratic countries would have to take the former path if they wanted to avoid the latter.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2024-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139509121","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

On the survival of a flawed theory of capital: mainstream economics and the Cambridge capital controversies 论有缺陷的资本理论的生存：主流经济学与剑桥资本论争

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2024-01-08 DOI: 10.1093/cje/bead056

Francisco Nunes-Pereira, Mário Graça Moura

引用次数: 0

Vertical integration, technical progress and structural change 纵向一体化、技术进步和结构变革

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2024-01-06 DOI: 10.1093/cje/bead052

Theo Santini, Ricardo Azevedo Araujo

{"title":"Vertical integration, technical progress and structural change","authors":"Theo Santini, Ricardo Azevedo Araujo","doi":"10.1093/cje/bead052","DOIUrl":"https://doi.org/10.1093/cje/bead052","url":null,"abstract":"\u0000 In search of an alternative representation of the economic system, Pasinetti ended up with a notion of vertical integration (VI) that takes interdependencies as its starting point but does not explicitly consider their role in the unfolding structural economic dynamics (SED). In this paper, we show that SED may be more inclusive of such interrelations to appropriately consider VI as a tool for analysing economic systems under the conditions of technical change and structural transformation. Our strategy is to focus on Pasinetti’s shift from his original development building on Sraffa’s sub-systems to his formulation of VI in terms of a pure labour technology in which all goods are produced by labour only. To carry out the analysis, we resume his iterative algorithm of VI, showing that we can extend it to the case of an expanding economy as a bridge between the horizontal and vertical production representations. Following this route, we can effectively address the features of structural transformation associated with changing patterns of interdependence. Besides, we can go from an assessment of productivity growth at an industrial level to determining the pace of technical change in a vertically integrated sector (VIS), which allows focussing on a concept of productivity derived from the VI, labelled as the total labour productivity (TLP). The TLP is robust to outsourcing of production, whose effects are adequately dealt with insofar as it considers not only the direct but also the indirect labour required to produce the final output.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2024-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139380802","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Rentiers and distributive conflict in Brazil (2000–2019) 巴西的分权者和分配冲突（2000-2019 年）

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2023-12-26 DOI: 10.1093/cje/bead053

Pedro Romero Marques, Fernando Rugitsky

引用次数: 0

Criminal capitalism: a new socio-economic formation 犯罪资本主义：一种新的社会经济形态

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2023-12-23 DOI: 10.1093/cje/bead051

Rosario Patalano

引用次数: 0

Long day for few hours: impact of working time fragmentation on low wages in France 几个小时的长时间工作:工作时间碎片化对法国低工资的影响