Journal of Economic Issues

Founded in 1967, the Journal of Economic Issues is a quarterly journal that publishes articles on economic methodology, economic control and policy problems. It also contains book reviews and proceedings of annual meetings conducted by the Association of Evolutionary Economics, its publisher.It is edited by Richard V. Adkisson.

Articles from Vol. 36, No. 1, March

A Political Economic Commentary on Government Finance and Monetary Policy. (Notes and Communications)
In a provocative essay on state finance, Stephanie Bell (2000) made an important contribution to understanding the institutional details of the US central bank and Treasury operations on bank reserves. My effort in this paper is to flesh out some important...
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A Reply to "A Political Economic Commentary on Government Finance and Monetary Policy". (Notes and Communications)
This note is a reply to "A Political Economic Commentary on Government Finance and Monetary Policy," which William Van Lear wrote in response to my "Do Taxes and Bonds Finance Government Spending?" Below I address the three main points raised by Van...
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A Tale of Four CARICOM Countries
Less developed countries depend to a great extent on the more developed countries for growth and development. They depend on the more developed countries to purchase most of the output of their principal products and services--sugar and bananas, for...
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Capitalism, Employment, and Complexity: With Further Critical Comments on Another Hodgson. (Notes and Communications)
I would be very grateful if the readers of this journal would help me. It seems that there is another "Geoffrey Hodgson" who also published a book called Economics and Utopia in 1999. This other Hodgson is the one whom Stephanie Bell and John Henry...
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Determinants and Effects of Institutional Change: A Case Study of Dry Bean Grades and Standards
In an era marked by the twin forces of globalization and agro-industrialization, global food markets are undergoing a shift from homogeneous markets to differentiated markets, a reorientation from national markets to global markets, a move from spot...
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Explaining the Gender Poverty Gap in Developed and Transitional Economies
As economies throughout the world experience large and wrenching changes, poverty has increasingly become a problem in country after country. This is true regardless of whether these changes result from globalization, the economic transition from socialism...
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Intellectual Property and Eminent Domain: If Ever the Twain Shall Meet
One source of the limited practical utility of economic analysis in the reshaping of intellectual property institutions has been the unfortunate tendency on the part of too many economists to slip into modes of analysis that are essentially a historical,...
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John Sydenham Furnivall: An Unknown Institutionalist
John Sydenham Furnivall was a British colonial administrator in Burma from 1900 to 1921 and then studied colonial administrations during the two decades between the world wars. Although he had never heard of American institutionalism, he arrived at...
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Lewis Mumford and Institutional Economics
Lewis Mumford (1895-1990) was one of twentieth century America's most important heterodox scholars of technology, but his work is virtually unknown to most institutional economists today. (1) This is surprising, since Mumford's intellectual worldview...
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Response to Hodgson
Geoff Hodgson charges us with misrepresenting the arguments advanced in his recent Economics and Utopia. There are two general grounds on which this charge is made: (1) we are accused of treating him as a technological determinist, and (2) we are accused...
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The Convention on Biological Diversity: An Institutionalist Perspective of the Debates
Biodiversity came out as a global issue from the mid 1980s, under the pressure of converging forces: the threatening increase in species extinction and the changes in the theory as well as in the practice of nature conservation, but also the expansion...
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The World's Richest Municipality: The Importance of Institutions for Municipal Development
Success, Institutions, and Institutional Change Success in Brief Organizations with the capability to handle uncertainty are those which best solve problems and stay successful for longer periods of time. This assertion is strongly supported...
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Thomas Jefferson's Agrarian Vision and the Changing Nature of Property
The great frozen ice-caps of the world's traditional agrarian systems and rural social relations lay above the fertile soil of economic growth. It had at all costs to be melted, so that the soil could be ploughed by the forces of profit-pursuing private...
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Thorstein Veblen and Western Thought Fin De Siecle: A Recent Interpretation
Despite the substantial body of literature interpreting the life and work of Thorstein Veblen (1857-1929), until recently no study existed which situated him in the larger context of European thought at the turn of the twentieth century. (1) Importantly,...
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