Summary of JOIE article (First View, 26 December 2019) by Alain Marciano, Professeur d’Économie, Directeur Scientifique de Montpellier Recherche en Économie. The full article is available on the JOIE website James Buchanan was a longstanding advocate of federalism. Contrary to some accounts, he did not first defend federalism in the 1950s, in response to the desegregation…
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“Mauss’s Gift, or The Necessity of an Institutional Perspective in Economics
Summary of JOIE article (First View, 29 October 2019) by Mario Aldo Cedrini, Dipartimento di Economia e Statistica “Cognetti de Martiis”, Università di Torino, Angela Ambrosino, Dipartimento di Economia e Statistica “Cognetti de Martiis”, Università di Torino, Roberto Marchionatti, Dipartimento di Economia e Statistica “Cognetti de Martiis”, Università di Torino and Alain Caillè, Laboratoire Sophiapol, Université…
Fighting on Christmas: Brawling as Self-Governance in Rural Peru
Summary of JOIE article (First View, 19 September 2019) by Edwar E. Escalante, Lecturer of Economics, Department of Accounting, Economics, and Finance at Angelo State University, and Raymond J. March, Assistant Professor, Agribusiness and Applied Economics, North Dakota State University. The full article is available on the JOIE website. If, like Frank Constanza, you have ever felt something…
Article Summary: “The Political Economy of (De)Regulation: Theory and Evidence from the US Electricity Industry”
Summary of JOIE article (First View, 11 September 2018) by Carmine Guerriero, “Rita Levi-Montalcini” Associate Professor (RTDb),Department of Economics, University of Bologna. The full article is available on the JOIE website. Introduction Although the idea that competition helps reach allocative efficiency to the detriment of investment-inducement has been discussed at length (Acemoglu et al., 2006; Vives,…
Does National Culture Change as Countries Develop? Evidence from Generational Cleavages
Summary of JOIE article (First View, 07 October 2019) by Danko Tarabar, Assistant Professor of Economics, College of Business Administration, Winthrop University. The full article is available on the JOIE website. In recent years, culture underwent somewhat of a renaissance in the comparative development literature, largely owing to Douglass North’s seminal work on institutions as well…
Article Summary: “The Punitive Consequences of Organizational Structures in England, France and the United States”, Daniel J. D’Amico and Claudia Williamson
Summary of JOIE article (Volume 15 (2) 2019) by Daniel J. D’Amico, Associate Director, The Political Theory Project and Lecturer in Economics, Brown University, and Claudia Williamson, Associate Professor of Economics and the Drew Allen Endowed Fellow at Mississippi State University. The article is open access and available on the JOIE website Multiple empirical studies have now…
Article Summary: Pure theory and progressive liberalism: Frank Fetter and the Austrian economists,” Matthew McCaffrey
Summary of JOIE article (First View, 04 October 2019) by Mathew McCaffrey, Lecturer in Enterprise, Alliance Manchester Business School. The full article is available on the joie website In the fifty years spanning 1900-1950, Frank Albert Fetter was one of best-known economists in the United States. He was especially notable for his path-breaking research in…
Article Summary: “Institutional development, transaction costs and economic growth: evidence from a cross-country investigation” Mitja Kovač and Rok Spruk
Summary of JOIE article (Volume 12(1) 2016) by Mitja Kovač, Associate Professor, Faculty of Economics, University of Ljubljana and Rok Spruk, Assistant Professor, Faculty of Economics, University of Ljubljana. The article is open access and available on the JOIE website Understanding why some countries grow and others fail to do so is one of the…
Article Summary: “Conspicuous Consumption, Sexual Selection, and Social Institutions: The Darwinian Dynamic Thorstein Veblen Missed,” Jon D. Wisman
Summary of JOIE Article (Volume 15(1) February 2019), by Jon D. Wisman, Professor, Department of Economics, American University, Washington D.C. The full article is available on the JOIE website Of Veblen’s contributions to social science, two are foundational to the others: 1) His recognition of the necessity to ground social science in biology, a domain…
Article Summary: “Rules, perception and emotion: When do institutions determine behaviour?” Brendan Markey-Towler
Summary of JOIE article (First View, 16 November 2019) by Brendan Markey-Towler, Affiliated researcher, RMIT Blockchain Innovation Hub. The full article is available on the JOIE website In my recent paper, newly available online in the Journal of Institutional Economics, I develop a complete, coherent theory of how institutions obtain their hold over our behaviour. Drawing…