Commodities and cognition

A commentary on "An enquiry concerning the nature of conceptual categories: a case-study on the social dimension of human cognition", by John Stewart (2014)in 'Frontiers in Psychology', Vol.5

What does Marx mean by the "fetishism of commodities" ?

The present paper aims to analyse Marx’s concept of “fetishism of commodities” by explaining the mechanism of a social genesis of determined illusions, arising in the sphere of production and circulation of commodities. It highlights the existence of an auto-sustained autarkic system of 4 variables – reification, objectification, duplicity and habit - sustaining and leading to the fetishism of commodities

Metaphor, Objects, and Commodities

This article is a contribution to a symposium that focuses on the ideas of Margaret Jane Radin as a point of departure, and particularly on her analyses of propertization and commodification. While Radin focuses on the harms associated with commodification of the person, relying on Hegel's idea of alienation, we argue that objectification, and in particular objectification of various features of the digital environment, may have important system benefits. We present an extended critique of Radin's analysis, basing the critique in part on Gadamer's argument that meaning and application are interrelated and that meaning changes with application. Central to this interplay is the speculative form of analysis that seeks to fix meaning, contrasted with metaphorical thought that seeks to undermine some fixed meanings and create new meanings through interpretation. The result is that speculative and metaphorical forms are conjoined in an interactive process through which new adaptations emerge. Taking this critique an additional step, we use examples from contemporary intellectual property law discourse to demonstrate how an interactive approach, grounded in metaphor, can yield important insights

Optimal commodity taxes under rationing

How useful and relevant are the results of standard optimal commodity tax models when one or more commodities are rationed? This paper investigates the implications of optimal commodity taxation under rationing. In a single person economy, optimal policy dictates that the rationed commodity bears the entire tax. The implication for developing countries is that if the government has a fixed budget to subsidize certain commodities, optimal policy will be to subsidize only the rationed commodities. In a multi person economy, optimal policy will tax all nonrationed commodities at an infinite rate if the rule is that taxes on all commodities are proportional to prices. The more a society is concerned about inequality, the greater the tax should be on nonrationed commodities. The alternative model presented here overcomes some of the restrictive features of the previous rationing model.Environmental Economics&Policies,Economic Theory&Research,Public Sector Economics&Finance,Commodities,Consumption

Towards Understanding the Politics of Flex Crops and Commodities: Implications for Research and Policy Advocacy

This discussion paper offers a preliminary exploration of the concept and phenomenon of “flex crops and commodities”, building on an earlier and initial analysis and abbreviated idea put forward by some of the authors of this paper. We discuss the dual concepts of the “multiple-ness” and “flexible-ness” of crops and commodities as two distinct but intertwined dimensions of some key crops and commodities. These key crops and commodities are shaped by the changing global context that is itself (re)moulded in large part by the convergence of multiple crises and the various responses to those crises. Building on these dual concepts, we will identify and explain the minimum requirements for crop and commodity flexing. We will also try to typologize the various types of crop and commodity flexing, namely, “real flexing”, “anticipated/speculated flexing”, and “imagined flexing”—to allow for a deeper examination of these interrelated processes. The boundaries between these categories (multiple/flexible, real, anticipated and imagined) are not always clearly demarcated, requiring us to examine the issue of flex crops and commodities in a more interlinked manner. We will focus our initial exploration on the political dynamics of such interactions and intersections, looking into the factors that encourage or discourage, facilitate or hinder maximization of the “multiple-ness” and/or “flexible-ness” of particular crops and commodities. Finally, and as a way of closing, we will outline the implications of these dynamics for how we think of engaged research, public actions and policy advocacy, including a brief discussion of what we call “flex policy narratives” by governments and corporations.

Commodity Dynamics: A Sparse Multi-class Approach

The correct understanding of commodity price dynamics can bring relevant improvements in terms of policy formulation both for developing and developed countries. Agricultural, metal and energy commodity prices might depend on each other: although we expect few important effects among the total number of possible ones, some price effects among different commodities might still be substantial. Moreover, the increasing integration of the world economy suggests that these effects should be comparable for different markets. This paper introduces a sparse estimator of the Multi-class Vector AutoRegressive model to detect common price effects between a large number of commodities, for different markets or investment portfolios. In a first application, we consider agricultural, metal and energy commodities for three different markets. We show a large prevalence of effects involving metal commodities in the Chinese and Indian markets, and the existence of asymmetric price effects. In a second application, we analyze commodity prices for five different investment portfolios, and highlight the existence of important effects from energy to agricultural commodities. The relevance of biofuels is hereby confirmed. Overall, we find stronger similarities in commodity price effects among portfolios than among markets

The Theory of Storage and Price Dynamics of Agricultural Commodity Futures: the Case of Corn and Wheat

Using a restricted version of the BEKK model it is tested an implication of the theory of storage that supply-and-demand fundamentals affect the price dynamics of agricultural commodities. The commodities under analysis are corn and wheat. An interest-storage-adjusted-spread was used as a proxy variable for supply-and-demand fundamentals to test the aforementioned implication for both commodities. It is also tested the Samuelson hypothesis that spot prices have higher volatility than futures prices. It is found that the interest-storage-adjusted-spread has had a statistically significant positive influence on the spot and futures returns for both commodities. Likewise, the results also show that spot price returns have higher volatility compared to futures price returns which is consistent with the Samuelson hypothesis. The results of the aforementioned tests are consistent with both theories and with the existing literature related to commodity futures.Agricultural commodities, BEKK model, multivariate GARCH, Samuelson hypothesis, theory of storage

Do Irrelevant Commodities Matter?

We study the possibility of making social evaluations of allocations independently of individuals' preferences over unavailable commodities. This is related to the well-known problem of performing international comparisons of standard of living across countries with different consumption goods. We prove impossibility results which suggest that such evaluations encounter difficulties when the objects of evaluation are allocations of ordinary commodities. We show how possibility results can be retrieved when the objects of evaluation are allocations of composite commodities, characteristics or human functionings.consumer preferences, social choice, irrelevant commodities, functionings

Intercepted Silvanidae [Insecta: Coleoptera] From The International Falls, MN [USA] Port-Of-Entry

Silvanidae species recorded in association with imported commodities, at United States ports-of-entry, have not been comprehensively studied. The present study examines the species of beetles of the family Silvanidae intercepted during agricultural quarantine inspections at the International Falls, MN port-of-entry. A total of 244 beetles representing two subfamilies, three genera, and four species of Silvanidae were collected between June 2016 and June 2017. Taxa were associated with 13 imported commodities and recorded from seven countries of origin. A substantial proportion (97.4%) of the records included Silvanus lewisi Reitter and Ahasverus advena (Waltl), two cosmopolitan species associated with dried stored products and various imported commodities. Both Psammoecus simonis Grouvelle and an undetermined species of the genus Psammoecus (sp. 01) were intercepted on a single occasion