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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. 28, No. 4, December
A Critique of the Self-Interested Voter Model: The Case of a Local Single Issue Referendum
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In recent years, economists have sought to extend the logic of marginal analysis to topics not traditionally considered within the domain of the discipline. Among the areas to which this analysis has been expanded is political behavior under a research...
Against Decadence: The Work of Robert A. Brady (1901-63)
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In the early years of the twentieth century, Thorstein Veblen described social evolution as a race between the life-giving and the life-destroying, between the cooperative and the predatory elements in human nature and society. He was essentially pessimistic,...
Boulding's T, Kaleckian Power, and Minsky's Fragility Hypothesis
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In his classic A Reconstruction of Economics [1950], Kenneth Boulding goes a long way toward revising the theory of the firm, the concept of consumption, and the macroeconomic theory of distribution. It is a pity that his deepest insights encountered...
Europe 1992: From Customs Union to Economic Community
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The integration of the European Common Market was expected to significantly deepen in 1992. Thus, the rejection of the Maastricht treaty by Danish voters and the chaos in the currency markets surprised most observers and prompted renewed examination...
Evolutionary Economics and Cultural Hermeneutics: Veblen, Cultural Relativism, and Blind Drift
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1988. -----. More Heat than Light. New York: Cambridge University Press, 1989. Nelson, Richard R., and Sidney G. Winter. An Evolutionary Theory of Economic Change. Cambridge, Mass.: Harvard University Press, 1982. O'Connor, Martin. "Convolution and...
Kenneth Boulding: A Founder of Evolutionary Economics
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Many readers of this journal will still remember Kenneth Boulding's Richard T. Ely lecture in December 1965, when he set out against the conventional wisdom, criticized the ivory tower of orthodox economics, and called for a paradigmatic change in economic...
Kenneth Boulding's Grants Economics
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I will examine the basis of Boulding's claim that neoclassical economics is only a subclass of his more general approach, briefly explain his theory of the grants economy, analyze the application of this theory to the financial system, puzzle over the...
Kenneth Ewart Boulding, 1910-1993: An Appreciation
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My purpose is to offer a glimpse of the vast vision and great knowledge of Kenneth Ewart Boulding, whom I consider to be the most creative social scientist of our time. But first a word concerning the man He was born in Liverpool on January 18, 1910,...
On "Shirking" and "Business Sabotage:" a Note
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In this note, I want to suggest that unlike Thorstein Veblen's treatment of "sabotage," the conventional treatment of workers and firms with regard to "shirking" is asymmetric and biased. In the heterodox view of Veblen, businesses should produce goods...
Rules, Contract, and Institution in the Wage-Labor Relationship: A Return to Institutionalism?
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-----. Legal Foundations of Capitalism. New York: Macmillan, 1924. -----. Institutional Economics. Its Place in Political Economy. Vol. 1. Transaction Publishers, 1990. -----. The Economics of Collective Action. 1950. Reprint. Madison: The University...
The American Association for Labor Legislation and the Institutionalist Tradition in National Health Insurance
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The first campaign for compulsory health insurance in the United States was started by the American Association for Labor Legislation (AALL), an organization of economists, lawyers, and other reformers who studied labor legislation and agitated for reform...
The Biological Analogy and the Theory of the Firm: Marshall and Monopolistic Competition
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Although the application of analogies from biological evolutionary thought to economics is an old pastime, it is well known that economists were among the early sources of inspiration for the emerging theory of natural selection. Charles Darwin is said...
The Logic of Contested Exchange
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A major - if not the major - development within recent work in Marxian economics has been the work of Bowles, Gordon, Weisskopf, and their co-workers and followers on the conflict theory of the firm. The thrust of these works is to revive Marx's distinction...
