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. 34, No. 1, March

A Shameless Lothario: Thorstein Veblen as Sexual Predator and Sexual Liberator
"The story goes ... that in 1905 the dean of the University of Chicago called Veblen into his office to inform the young professor that he was being dismissed for having dallied with the wives of various colleagues. The dean began by saying, 'We have...
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Asset Choice, Liquidity Preference, and Rationality under Uncertainty
The aim of this paper is to apply in the context of asset choice and liquidity preference some new ideas (developed elsewhere) about the determination of the state of expectation and about rationality under uncertainty. More specifically, the primary...
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Back to the Basics? Answers in Search of Questions [1]
If John P. Watkins was motivated in his comment by the fear that my review might dissuade institutionalists from reading John Gowdy's book [Gowdy 1998], he should have noted that I closed the review with the hope that it would stimulate a debate. In...
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Equal Pay for Equal Work: The Role of Job Evaluation in an Evolving Social Norm
Job evaluation deals with jobs impersonally and is not concerned with the race, creed, color, age, or sex of the employee unless in some way these personal variations become pertinent to the jobs. Equal pay for equal work is the very essence of job...
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Household Consumption on the Internet: Income, Time, and Institutional Contradictions
The evolution of society is substantially a process of mental adaptation on the part of individuals under the stress of circumstances which no longer tolerate habits of thought formed under and conforming to a different set of circumstances in the...
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Is Goldilocks Doomed?
Recent economic statistics confirm that our Goldilocks [1] economy continues to grow at a relatively swift pace, in spite of financial turmoil in Asia, Latin America, and Russia, as well as economic recession in about one-third of the world. The length...
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Job Restructuring as a Determinant of Wage Inequality and Working-Poor Households
The American economy has enjoyed low unemployment, rising mean family incomes, and modest inflation. It has also seen increasing wage inequality, stagnant median family incomes, continued deindustrialization, and the persistent existence of working-poor...
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Karl Polanyi's Forms of Integration as Ways of Mapping
Karl Polanyi's forms of integration--redistribution, reciprocity, and exchange--have been much used to describe and explain various economies. Confusions have arisen because institutional and emotional or attitudinal content has been attributed wrongly,...
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Performance against Dialogue, or Answering and Really Answering: A Participant Observer's Reflections on the McCloskey Conversation
My career as a friendly critic of Deirdre McCloskey's approach to the rhetoric of economics has been an extremely rewarding experience. I have learned immensely. I have learned about rhetoric, about economics, about McCloskey, about myself--and about...
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Scapegoating Poor Women: An Analysis of Welfare Reform
The Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA), passed in August 1996, ushered in the most significant welfare reform in six decades. It ended Aid to Families with Dependent Children (AFDC), and with it the federal entitlement...
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The Radical Political Economics of Douglas F. Dowd
The 80th anniversary of the birth of Douglas Fitzgerald Dowd was in December 1999. His long and distinguished career has been characterized by a fruitful marriage of scholarship and activism. Firmly on the political Left, Dowd belongs within an indigenous...
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The Uncertain Foundations of Transaction Costs Economics
Uncertainty is a core assumption in transaction costs theory. It forms the basis of the explanation of transaction costs and also provides a vital link in the conceptual analysis of the transition from market coordination to internal organization....
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Thomas DeGregori's "Back to the Future": A Comment
It would be unfortunate if Thomas DeGregori's review of Limited Wants, Unlimited Means: A Reader on Hunter-Gatherer Economies and the Environment, edited by John Gowdy [1998], dissuaded institutionalists from reading the book. The collection of essays...
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