Cambridge Journal of Economics最新文献_第6页

Aristotelian themes in critical ethical naturalism 批判伦理自然主义中的亚里士多德主题

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2023-05-27 DOI: 10.1093/cje/bead014

A. Ragkousis

{"title":"Aristotelian themes in critical ethical naturalism","authors":"A. Ragkousis","doi":"10.1093/cje/bead014","DOIUrl":"https://doi.org/10.1093/cje/bead014","url":null,"abstract":"\u0000 Key features of critical ethical naturalism (CEN) can be more fully appreciated by considering them in relation to themes in Aristotle’s ethics and politics. Drawing on Aristotle’s writings, four central features of CEN are explored. The first aspect of CEN considered concerns its recognition that we are community beings that are mutually constituted and subject to co-development, Aristotle’s discussion of character friendship and our essentially political nature supports a fuller appreciation of what this involves and implies. A second aspect of CEN examined relates to the use of the term ‘eudaimonia’ to refer to a life of a human fulfilled (a life of flourishing)—Aristotle’s own use of the term is considered and shown to be valuable in clarifying its deployment in CEN. The third feature of CEN discussed concerns the extent to which all humans are critical ethical naturalists due to their inherent dispositions to care. Aristotle is seen as supporting the view that we have an inbuilt tendency to care but is shown to also maintain that humans, when rational, choose to endorse their caring (rather than other) tendencies not simply because they are natural but because they are good. These insights enable a better appreciation of CEN’s claims by clarifying the connections between our rational faculties and our innate tendencies to care for others. Finally, the recognition in CEN of the vulnerabilities of humans stemming from their communal nature and the analysis of ways in which certain configurations of social relations weaken our tendencies to care and form obstacles in the path to a good society are shown to echo important reservations Aristotle had about certain forms of association. Aristotle’s notion of organicity in the development of social arrangements is shown to provide useful clarifications regarding the notion of authenticity (and its connections with human flourishing) as the latter is deployed in CEN.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46077615","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: 1

The human person, the human social individual and community interactions 人类、人类社会个体和社区互动

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2023-05-23 DOI: 10.1093/cje/bead016

T. Lawson

引用次数: 2

Joan Robinson and the reconstruction of economic theory 琼·罗宾逊与经济理论的重建

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2023-05-20 DOI: 10.1093/cje/bead018

N. Martins

引用次数: 0

Mapping modern economic rents: the good, the bad, and the grey areas 绘制现代经济租金图：好的、坏的和灰色地带

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2023-05-12 DOI: 10.1093/cje/bead013

M. Mazzucato, Josh Ryan‐Collins, Giorgos Gouzoulis

引用次数: 4

Wealth taxation in the Austrian Press from 2005 to 2020: a critical political economy analysis 奥地利出版社2005年至2020年的财富税：批判性政治经济学分析

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2023-05-06 DOI: 10.1093/cje/bead011

Quirin Dammerer, Georg Hubmann, Hendrik Theine

引用次数: 0

Algorithms of time: how algorithmic management changes the temporalities of work and prospects for working time reduction 时间算法:算法管理如何改变工作的时效性以及减少工作时间的前景

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2023-05-05 DOI: 10.1093/cje/bead017

Agnieszka Piasna

引用次数: 0

Sluggish investment, crisis and firm heterogeneity 投资低迷、危机与企业异质性

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2023-04-28 DOI: 10.1093/cje/bead015

A. Arrighetti, F. Landini

{"title":"Sluggish investment, crisis and firm heterogeneity","authors":"A. Arrighetti, F. Landini","doi":"10.1093/cje/bead015","DOIUrl":"https://doi.org/10.1093/cje/bead015","url":null,"abstract":"\u0000 The stagnation of investments and its causes have attracted great attention in the recent economic debate. In this paper, we show that during the Great Recession, the flattening of the capital formation rate at the firm level is not due to lower average propensity to invest. Rather, it is the result of growing heterogeneity of choices among firms. While a subset of firms is oriented towards increasing investments, another group substantially divest. The result is a polarization of conducts that tend to cancel each other out, resulting in a flattening of aggregate investment. We argue that this asymmetry in firm’s decisions depends on two main factors. The first one is the diversity of corporate strategies, which firms have developed in the past. The second driver is managerial discretion, that plays an important role in the adoption of specific investment/divestment trajectories when faced with a recession. The results of our empirical analysis provide strong support for our hypotheses: after controlling for contextual and firm-specific structural, financial and demographic variables, corporate strategies and managerial discretion in the allocation of liquid assets explain large part of the heterogeneity in investment decisions during the recession. Policy implications are discussed.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43976381","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: 1

The degree of utilisation and the slow adjustment of capacity to demand: reflections on the US Economy from the perspective of the Sraffian Supermultiplier 利用程度和产能对需求的缓慢调整——从斯拉维超级乘数的角度思考美国经济

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2023-04-26 DOI: 10.1093/cje/bead010

Guilherme Haluska, Ricardo Summa, Franklin Serrano

{"title":"The degree of utilisation and the slow adjustment of capacity to demand: reflections on the US Economy from the perspective of the Sraffian Supermultiplier","authors":"Guilherme Haluska, Ricardo Summa, Franklin Serrano","doi":"10.1093/cje/bead010","DOIUrl":"https://doi.org/10.1093/cje/bead010","url":null,"abstract":"\u0000 The purpose of this paper is to show that the Sraffian Supermultiplier demand-led growth model with an exogenous normal degree of capacity utilisation can be used to analyse the long-lasting reduction in the average actual degree of capacity utilisation in the US economy since the early 2000s. We follow the concept of normal degree of utilisation proposed by Ciccone and we use a simple version of the Supermultiplier model in which the adjustment of capacity to demand is slow. We show this in two steps. First, we examined the data for the industrial sector for the US economy and found no relevant change in the average-to-peak indicators, which could indicate a general reduction in the normal degree of capacity utilisation. Second, we made two simulations based on our simple Sraffian Supermultiplier model to demonstrate that (i) the process of convergence of actual utilisation to its given normal degree is slow and the model is compatible with long and lasting deviations between actual and normal utilisation after large shocks, and (ii) that successive decreases in output growth rates in the US economy since the begin of the 2000s, combined with a flexible accelerator mechanism, could explain the decrease in average utilisation.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42981815","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: 3

Exchange liquidity and redemption liquidity 兑换流动性和赎回流动性

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2023-04-21 DOI: 10.1093/cje/bead012

J. Culham

引用次数: 0

Menger or Marx? The political ontology of cryptocurrency 门格尔还是马克思?加密货币的政治本体论

IF 2 2区经济学

Cambridge Journal of Economics Pub Date : 2023-04-21 DOI: 10.1093/cje/bead008

Tully Rector, J. Allen

{"title":"Menger or Marx? The political ontology of cryptocurrency","authors":"Tully Rector, J. Allen","doi":"10.1093/cje/bead008","DOIUrl":"https://doi.org/10.1093/cje/bead008","url":null,"abstract":"\u0000 One of the perennial fault-lines in monetary theory is that between commodity and credit theories of money. The emergence of alternative payment systems based on blockchain and distributed ledger technologies, of which Bitcoin is the most prominent example, has raised a host of important questions in relation to this debate. This article considers two. The first is ontological: Are Bitcoin and similar ‘cryptocurrencies’ best conceived of as money? The second is political: Do these money candidates represent an emancipatory development over state-backed fiat currency? The ontological question, we will argue, invites the political one. If it is the case, as Chartalists maintain, that (i) for some X to be money it must have certain properties which can only be imparted by political authority (broadly understood) and if (ii) political authority ought to be subject to public control, then attempts by private actors to usurp a social ‘money function’ cannot count as legitimate political developments. We will argue in support of this position. This discussion is limited to Bitcoin, though its implications generalize for relevantly similar cryptocurrencies. Our method involves considering, first, claims made by Bitcoin’s defenders about its status as money, and what accounts for that status. While these claims are often thought to extend Mengerite or generally Austrian lines of economic argument, they resonate more with Marx’s theory of monetary value. Moreover, a close assessment of that theory’s defects yields specific normative conclusions that potentially undermine the notion that Bitcoin constitutes a valid means of resisting state monetary authority.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42811694","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