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. 35, No. 3, September

Capital Concentration and Market Power in Mexico's Manufacturing Industry: Has Trade Liberalization Made a Difference?
"It's very sad ... We don't have a middle class in Mexico. We have the worst distribution of income in the world. We only compare with Africa." [1] --Vicente Fox, President of Mexico Mexico has long been known for its unequal distribution of...
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Cheering for a Team No Longer on the Field: Rhetoric and Reality in American Welfare History
In an article in this journal in June 1998, William S. Kern argued that the welfare "reform" act of 1996, formally the Personal Responsibility and Work Opportunities Reconciliation Act, was in essence a return to the political economy of Poor Law Reform...
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Comment Provoked by Mason's "Duesenberry's Contribution to Consumer Theory"
The excellent article by Roger Mason (Journal of Economic Issues, September 2000) concerning James Duesenberry's Income, Saving and The Theory of Consumer Behavior is worthy of further attention. The author suggests that the major reason for the book's...
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Ecological Economics
ECOLOGICAL ECONOMICS. By Peter Soderbaum, London, Earthscan Publishers Limited, 2000, Pp. 225, $69.95 cloth/$25.00 paper. In Ecological Economics, Peter Soderbaum presents an open-minded approach to studying environmental problems. He begins by...
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Economic Policy in France and Italy since the War: Different Stances, Different Outcomes?
Fifty years ago, France and Italy had two very different economies. Though agriculture still loomed large in both, its weight in total employment was much higher in Italy (45 versus 28 percent in 1950). French income per capita (at purchasing power...
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Exploring Limits to Material Desire: The Influence of Preferences vs. Plans on Consumption Spending
The current period of economic prosperity in the United States raises a number of questions about the eventuality of continued economic growth into the future. This paper explores one aspect of long-term prosperity, namely, the impetus to material...
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John R. Commons and Herbert A. Simon on the Concept of Rationality
H. A. Simon and J. R. Commons are known to have been influenced by an intellectual context that explains a large part of their works, but it is worth emphasizing that the concepts of rationality developed by both Simon and Commons are very similar....
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Keynes' Economic Program, Social Institutions, Ideology, and Property Rights
Conventional economists view the economy as a set of relationships independent of any larger society. The prevailing position is to construct theory by building the argument on the basis of a non-socially determined, hypothetical individual. As one...
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Money Talks, but What Is It Saying? Semiotics of Money and Social Control
Money is one of the most enigmatic institutions of any economic system, from Lydia in ancient Greece to modern cashless monetary societies. In proportion to money's centrality in capitalism, theorists have studied its nature, roles, and functions....
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On the Origins of Modern Evolutionary Economics: The Veblen Legend after 100 Years
In July 1898, the Quarterly Journal of Economics published an article by Thorstein Bunde Veblen [1] which became a classic and the purported foundation document of "old," or rather critical or evolutionary, institutionalism. [2] Veblen's writings have...
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Perspectives on the Guaranteed Income, Part I
A review of six books on guaranteed income: Arguing for Basic Income: Ethical Foundations for a Radical Reform, edited by Philippe Van Parijs. New York: Verso, 1992. Real Freedom for All: What (if Anything) Can Justify Capitalism? by Philippe...
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Reply to Professor Levine on Rhetoric and Reality in American Welfare History
I largely agree with Professor Levine's conclusion that the impact of the application of the principles of 1834 on contemporary welfare reform is "far more potent rhetorically than it is in fact" (733) and that "the slowly expanding mild welfare state...
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The Changing Rationale for European University Research Funding: Are There Negative Unintended Consequences?
In recent years there has been wide-ranging debate on the advantages and drawbacks of the rationale for resource allocation to university research. The post-World War II rationale for public support of science has been challenged by a more contractual-oriented...
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US Land Policy and the Commodification of Arid Land (1862-1920)
In 1923 my paternal grandmother, Elise Saxe Krall, "proved up" (gained title) on a 160-acre homestead in southwestern Wyoming. My grandfather, William Krall, had taken out the claim in May of 1918, one month after the birth of my father. My grandmother...
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