Tagged: Economics

Going beyond growth: Why do economists have all the fun?

What’s in a job title? If an academic came on the radio, TV or wrote a piece in a newspaper, would their title as a ‘sociologist’, ‘political scientist’, or ‘economist’ make a difference to the credence afforded to them? Of course it would. Economists trump the lot. Before he or she (it’s usually ‘he’) has uttered a word, an Economist appears more professional, more impressive, schooled in the hard science of trade and finance, rather than the wishy-washy relativists of the...

Nudging might be sexy, but it isn’t enough.

Last week I went to a workshop in London about nudging, titled “Silver Bullets Need A Careful Aim. Dilemmas in applying behavioural insights”. It was very interesting, and my gratitude goes out to the organisers who put together a really interesting day focused on the ethics and effectiveness of ‘Nudge’, which, seven years after Thaler and Sunstein’s book of the same name was published, still seems to be capturing the imagination of academics, marketers and policy-makers. (If you have no...

Who might run the show in a post-cash world?

Is cash on the way out? In my own daily routines, I find myself using coins and notes less and less, to the point when I am often stuck for a pound coin to use the lockers at the swimming pool, or I audibly ‘tut’ when shopkeepers tell me there’s a charge for using my card. I just don’t carry cash very often. In fact, I don’t even physically use my debit card very often. I’ve got so used to...

The (Broken) Economics of Professional Sports Stadiums

The wide world of sports has had a bad week for public relations. First, the Miami Dolphins hazing fiasco occurred, which was analyzed by my colleague Cliff Leak in “Man up: NFL Hazing and Jonathan Martin’s ‘Man Card’.” Next, the Atlanta Braves announced they would be vacating Turner Field, their stadium of 17 years, to move into a new stadium in 2017. The Braves are leaving downtown Atlanta to move North to the suburbs in Cobb County. The Atlanta Braves...

Neoliberalism and Inequality: A Recipe for Interpersonal Violence?

(If you are interested in this post, please see my earlier post on neoliberalism) Based on recent research, there appears to be a link between the ideals of neoliberalism and increasing rates of inequality. Navarro (1998) argues, for instance, that neoliberal policies have contributed to growing inequalities around the globe and to worsening living conditions for the majority of the world’s people. For her part, George (1999) agrees and blames increasing inequality on the common neoliberal practices of placing public...

The roots of neoliberalism were planted by a classical political economy theory which advocated for markets (and thus people) to be completely liberated from any type of governmental interference

A Brief Examination of Neoliberalism and Its Consequences in sociology

Starting in the second half of the 20th century, neoliberalism became increasingly prominent as a form of governance in countries around the world (Peters 2001). Originally, the roots of neoliberalism were planted by a classical political economy theory which advocated for markets (and thus people) to be completely liberated from any type of governmental interference (Smith 2009). “Free” competition and “free” enterprise were promoted as manners in which economies should be allowed to grow. Martinez and García (2000) contend that...

"Deserving" and "Undeserving" Welfare

Over a decade since the 1996 welfare reform bill, welfare is in the news again.  The latest controversy is over laws that seek to limit what welfare recipients can spend money on.  This comes shortly after state legislatures passed laws to require drug testing of welfare recipients.  These new laws are not a direct attack on what remains of anti-poverty programs in America.  Instead, these initiatives allow for both a deserving and an undeserving poor.  A moral evaluation of the...

Austerity and the Double-Movement

After the French elected Socialist Francois Hollande in a rebuke of austerity policies gripping Europe, news headlines issued reports of worried markets.  The fear, among some, is that the new president would act in such a way, or more precisely that the public was acting in such a way that, would spook markets.  Some economists, most notably Princeton professor and Nobel prize winner Paul Krugman, have argued against austerity in favor of government stimulus to push economic demand and growth. ...

Immigration and Racialized Politics

If you asked Americans to pick which political party they considered pro-immigration and which one they considered anti-immigration most would agree that the Republican Party is anti-immigration and the Democratic Party is pro-immigration.  Like abortion politics, this does not mean that every Democrat is pro-immigration and every Republican anti-immigration.  Still, the divide between the parties appears to be growing starker as voters either sort themselves into parties due to their stance on immigration or solidify their stances on immigration as...

Where's the Money in Prosumption: Predictions for 2010

by pj.rey A recent article in the New York Times, “Experts Predict 2010 the Year for Social Media ROI” summarizes a Trendspotting.com report entitled “TrendsSpotting’s 2010 Social Media Influencers – Trend Predictions in 140 Characters.”  The Trendspotting.com post identifies six trends to look out for in social media over the coming year: “Mobile, Location, Transparency, Measurement, ROI, [and] Privacy.”  The Times article focuses, particularly, on return on investment.  The articles reports three strategies for garnering profit from user-generated content (i.e.,...

Comparing the role of government in self-control problems from behavioural and neoclassical economic perspectives

This post has moved to http://williampaulbell.wordpress.com/2009/09/12/comparing-the-role-of-government-in-self-control-problems-from-behavioural-and-neoclassical-economic-perspectives/ <About>  <Portfolio>  <Academia>  <LinkedIn>  <Twitter>  <Blog> Member of the World Economics Association – promoting ethics, openness, diversity of thought and democracy within the economics profession

Space: Capitalism’s Final Frontier?

[youtube=http://www.youtube.com/watch?v=rST0vXYK2hY]by NickieWild On June 19th, a groundbreaking ceremony in the town of Upham, New Mexico was held for the world’s first commercial spaceport, “Spaceport America.” British company Virgin Galactic received $200 million in taxpayer incentives to fund the project that will take space tourists on a short flight above the atmosphere for $200,000 dollars. The ceremony included actors dressed as Spanish Conquistadors, who once explored and conquered in the area, symbolic of the link between trailblazers of the past and...

Iran's Purchase Power

by christinablunt Iran will elect its next president on June 12 and while the rest of the world may be watching to see how the result might impact human rights within Iran as well as Iran’s aggressive foreign policy and nuclear program, Iranians, like most other global citizens, have the economy on the top of their agenda. A great debate has ensnared the candidates, including current president, Mahmoud Ahmadinejad. Though the dispute continues, the divisions are clear; Ahmadinejad and his...