{"title":"Racial Disparities in the Criminal Legal System: Shadows of Doubt and Beyond","authors":"Amanda Y. Agan","doi":"10.1257/jel.20221569","DOIUrl":"https://doi.org/10.1257/jel.20221569","url":null,"abstract":"Racial disparities permeate every single stage of the criminal legal process. In Shadows of Doubt: Stereotypes, Crime, and the Pursuit of Justice, Brendan O’Flaherty and Rajiv Sethi shed light on the stereotype-driven biases that contribute to these disparities. In this article, I review the compelling evidence in the book and expand upon it by outlining the myriad intertwining mechanisms contributing to racial disparities in criminal legal contact. I argue that reducing stereotype-driven biases is a crucial step toward equity, but a broader systemic overhaul is necessary to substantively address the entrenched racial biases in the criminal legal system. (JEL D83, D91, J15, K14, K42)","PeriodicalId":509385,"journal":{"name":"Journal of Economic Literature","volume":"51 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141279906","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 Crisis of Democratic Capitalism","authors":"Doug Elmendorf","doi":"10.1257/jel.62.2.807.r7","DOIUrl":"https://doi.org/10.1257/jel.62.2.807.r7","url":null,"abstract":"Doug Elmendorf of Harvard University reviews “The Crisis of Democratic Capitalism” by Martin Wolf. The EconLit abstract of this book begins: “Promotes the argument that economic disappointment is one of the chief explanations for the rise of left- and right-wing populism in high-income democracies, focusing on what can be done to restore the relationship between capitalism and democracy.”","PeriodicalId":509385,"journal":{"name":"Journal of Economic Literature","volume":"18 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141280825","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":"Individuality and Entanglement: The Moral and Material Bases of Social Life","authors":"Arthur Robson","doi":"10.1257/jel.62.1.317.r6","DOIUrl":"https://doi.org/10.1257/jel.62.1.317.r6","url":null,"abstract":"Arthur Robson of Simon Fraser University reviews “Individuality and Entanglement: The Moral and Material Bases of Social Life” by Herbert Gintis. The Econlit abstract of this book begins: “Analyzes human social life as a game with rules, with people as players in this game and politics as the arena in which these rules are affirmed and changed.”","PeriodicalId":509385,"journal":{"name":"Journal of Economic Literature","volume":"31 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140270514","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":"Beyond the Natural Rate: Stephen Marglin on the Instability of Market Economies","authors":"Michael Woodford","doi":"10.1257/jel.20221712","DOIUrl":"https://doi.org/10.1257/jel.20221712","url":null,"abstract":"In Raising Keynes: A Twenty-First Century General Theory, Stephen A. Marglin offers a provocative reformulation of Keynes’ theoretical framework, stressing the importance of modeling the dynamics of wage and price adjustment. This review explains and assesses Marglin’s argument for the possibility of a persistent equilibrium in which goods and/or labor markets continue not to clear in the absence of active stabilization policy. It also compares Marglin’s analysis with that of New Keynesian models, and shows that the two approaches are more similar than might be immediately evident. (JEL E12, E23, E24, E32, E41, E52)","PeriodicalId":509385,"journal":{"name":"Journal of Economic Literature","volume":"215 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140270705","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 Problem of Twelve: When a Few Financial Institutions Control Everything","authors":"Eric A. Posner","doi":"10.1257/jel.62.1.317.r2","DOIUrl":"https://doi.org/10.1257/jel.62.1.317.r2","url":null,"abstract":"Eric A. Posner of University of Chicago reviews “The Problem of Twelve: When a Few Financial Institutions Control Everything” by John Coates. The Econlit abstract of this book begins: “Explores issues that arise when a small number of actors acquire the means to exert outsized influence over the politics and economy of a nation, focusing in particular on the two late-twentieth-century institutions of index funds and private equity funds.”","PeriodicalId":509385,"journal":{"name":"Journal of Economic Literature","volume":"300 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140280431","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}
Aboozar Hadavand, Daniel S. Hamermesh, Wesley W. Wilson
{"title":"Publishing Economics: How Slow? Why Slow? Is Slow Productive? How to Fix Slow?","authors":"Aboozar Hadavand, Daniel S. Hamermesh, Wesley W. Wilson","doi":"10.1257/jel.20221653","DOIUrl":"https://doi.org/10.1257/jel.20221653","url":null,"abstract":"Economics publishing proceeds much more slowly than in the natural sciences, and more slowly than in the other social sciences and finance. It is relatively even slower at the extremes. Much of the lag, especially at the extremes, arises from authors’ dilatory behavior in revisions. Additional rounds of resubmissions at top economics journals are related to additional citations; but conditional on resubmission, the delays are unrelated to greater scholarly attention. We offer several proposals for speeding publication, including no-revision policies such as Economic Inquiry’s, the use of “cascading referee reports,” limits on authors’ time revising, and limits on editors waiting for dilatory referees. (JEL A11, B29)","PeriodicalId":509385,"journal":{"name":"Journal of Economic Literature","volume":"40 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140282736","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":"As Gods Among Men: A History of the Rich in the West","authors":"Neil Cummins","doi":"10.1257/jel.62.1.317.r1","DOIUrl":"https://doi.org/10.1257/jel.62.1.317.r1","url":null,"abstract":"Neil Cummins of London School of Economics reviews “As Gods Among Men: A History of the Rich in the West” by Guido Alfani. The Econlit abstract of this book begins: “Explores the role and significance of the Western rich and superrich in history, detailing important aspects of their behavior to pinpoint patterns representing elements of continuity or change.”","PeriodicalId":509385,"journal":{"name":"Journal of Economic Literature","volume":"58 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140283157","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 Monetarists: The Making of the Chicago Monetary Tradition, 1927–1960","authors":"Carola Binder","doi":"10.1257/jel.62.1.317.r10","DOIUrl":"https://doi.org/10.1257/jel.62.1.317.r10","url":null,"abstract":"Carola Binder of Haverford College reviews “The Monetarists: The Making of the Chicago Monetary Tradition, 1927–1960” by George S. Tavlas. The Econlit abstract of this book begins: “Considers the emergence and development of the Chicago monetary tradition into what became known as monetarism, describing it as it was reflected in the works of a small group of University of Chicago economists who preserved the importance of the quantity theory of money and defended the free-market system.”","PeriodicalId":509385,"journal":{"name":"Journal of Economic Literature","volume":"35 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140268984","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":"Mediation, Military, and Money: The Promises and Pitfalls of Outside Interventions to End Armed Conflicts","authors":"Dominic Rohner","doi":"10.1257/jel.20221603","DOIUrl":"https://doi.org/10.1257/jel.20221603","url":null,"abstract":"Wars impose tremendous costs on societies and the question of how to end them is of foremost importance. Several hundred books and scientific articles have been written on peace agreements and third-party interventions. In this article I provide a critical literature survey on what policies foreign countries have at their disposal if they wish to foster peace abroad. Ranging from pure (nonmilitarized) mediation, over a range of military options to economic policies, the promises and pitfalls of these types of interventions are critically assessed in the light of cutting-edge theoretical and empirical literature. A series of take-home messages emerge: (i) establishing a causal effect of mediation has proven difficult; (ii) military peacekeeping operations can play a key role, to the extent that security guarantees, the sharing of political and military power, and trust-building measures are well coordinated; and (iii) money matters—fostering human capital and economic opportunities contributes to fertile ground for lasting peace. (JEL C78, D74, D82, F13, F51, F52)","PeriodicalId":509385,"journal":{"name":"Journal of Economic Literature","volume":"25 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140270572","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":"Journal of Economic Literature, March 2024, Volume LXII, Number 1","authors":"","doi":"10.1257/jel.62.1.1","DOIUrl":"https://doi.org/10.1257/jel.62.1.1","url":null,"abstract":"","PeriodicalId":509385,"journal":{"name":"Journal of Economic Literature","volume":"59 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140280909","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}