28,981 research outputs found

    Constitutional economics

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    A version of this paper was published as chapter 13 of the 2005 second edition of The Elgar Companion to Law and Economics (ed. J. Backhaus). This paper is the sequel of chapter 7 of the first edition.

    Constitutional economics II

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    This paper is the sequel to chapter 7 (Constitutional economics) of the 1999 first edition of The Elgar Companion to Law and Economics (ed. J. Backhaus).Law and Economics, Constitutional Economics

    The Market Process and The Firm Toward a Dynamic Property Rights Perspective

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    We discuss the relations between alternative conceptualizations of the market process - neoclassical, Austrian and radical subjectivist/evolutionary - and alternative approaches to economic organization, for example, nexus of contract theory, Williamsonian transaction cost economics and the dynamic transaction cost approach of Langlois and Robertson. We argue that there is a distinct need for more firmly grounding theories of economic organization in theories of the market process, and that key ideas of the more dynamic conceptualizations of the market are likely to substantially enrichen the theory of economic organization.The market process, the theory of the firm

    Political Risk and Regulatory Risk: Issues in Emerging Markets Infrastructure Concessions

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    Political and regulatory risks, cause damage to countries and investors because of investment diminishing. When investments take place, those could increase services prices. Present work has as its objectives to characterize theoretically the problem, to study existent measures to face it, to know the available instruments to deal with it, and to draw some general conclusions on political and regulatory risks, and some specific conclusions referred to infrastructure concessions. The article is limited to the study of opportunistic behavior or governments.regulatory risks; Issues in Emerging Markets; Infrastructure Concessions

    Faith, Feminism, and the Other: Rethinking Christian and Muslim Women’s Engagement

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    The self-perception of adult educators in Eastern Europe in the post-Soviet transitional period

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    This article addresses the self-images of adult educators in view of exercising their professional agency in contexts of social transformation after the fall of the communist regimes. It draws on research undertaken in Poland, Ukraine and Russia in 2009 which investigated the self-perception and self-evaluation of adult educators with regard to their own educational practice—vis-à-vis the challenges of transition in general and of the need of rethinking the dictatorial past in particular. The interviews with 91 adult educators in three countries illustrate the impact of socio-political change in the period of democratization on the concept of one’s professional identity. They also demonstrate how transition policies create dilemmas for practice which adult educators accommodate or resist. The article discusses how different self-images are linked to socio-political challenges of society in the transition times. It analyses the possibilities, challenges, impacts and constraints of different perception and forms of educational practice in the light of the current situation in three countries. (DIPF/Orig.

    The Desire to Work as an Adaptive Preference

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    Many economists and social theorists hypothesize that most societies could soon face a ‘post-work’ future, one in which employment and productive labor have a dramatically reduced place in human affairs. Given the centrality of employment to individual identity and its pivotal role as the primary provider of economic and other goods, transitioning to a ‘post-work’ future could prove traumatic and disorienting to many. Policymakers are thus likely to face the difficult choice of the extent to which they ought to satisfy individual citizens’ desires to work in a socioeconomic environment in which work is in permanent decline. Here I argue that policymakers confronting a post-work economy should discount, or at least consider problematic, the desire to work because it is very likely that this desire is an adaptive preference. An adaptive preference is a preference for some state of affairs within a limited set of options formed under unjust conditions. The widespread desire for work has been formed under unjust labor conditions to which individuals are compelled to submit in order to meet material and ethical needs. Furthermore, the prevalence of the ‘work dogma’ in contemporary societies precludes nearly all individuals from seeing alternatives to work as live options

    Environmental Racism and Biased Methods of Risk Assessment

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    Based on analysis of a risk assessment for a proposed Louisiana uranium enrichment facility, the authors argue that environmental injustice occurs when assessors\u27 scientific methods cause de facto discrimination

    Formal and Informal Institutional Change : the Experience of Postsocialist Transformation

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    Diversity of trajectories of post-socialist transforming economies is a stylized fact of this experience of system change. The paper explores the relations between change in formal and informal rules in historical perspective, discussing new institutional views about rationality of formal institutions and detrimental inertia of informal institutions. It submits that an open and complex approach of the centrality of formal/informal rules interaction may give a better explanation to the multiplicity of national post-socialist pathways.Post-socialist transformation ; diversity of trajectories ; institutional change ; formal rules ; informal rules ; enforcement
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