Review of Social Economy

Articles from Vol. 63, No. 3, September

Ability to Pay *
Dempsey argues in this 1946 article that the ability to pay has two dimensions, one that is economic, one that is moral. The economic dimension refers to a company's ability to pay higher wages, while the moral dimension refers to its duty to pay higher...
A New Editorial Team for RoSE
In the 18 years that John Davis has single-handedly edited the Review of Social Economy (ROSE), the journal has not only maintained its prominent position as a heterodox economics journal of international renown, but has also strengthened its recognition...
Aristotle and Hesiod: The Economic Problem in Greek Thought
Gordon's article first appeared in the Review of Social Economy in 1963. In it he argues that it is not Aristotle but the earlier Greek scribe Hesiod who anticipates the modern view of the economic problem. Though Aristotle often is cited as an important...
Fact, Value, and Economic Policy Objectives *
Elliott examines three central issues in this article published originally in 1980: (1) the interdependence between fact and value; (2) policy objectives as a social fact, subject to explanation; and (3) evaluation of policy objectives. His concern...
Gender as More Than a Dummy Variable: Feminist Approaches to Discrimination
To avow that gender is more than an independent--or dummy variable is to posit the centrality of gender (as well as race and class) in economic analysis. Conventional economic methods tend to neglect the process by which gender interacts with and shapes...
Homo Socio-Economicus: Foundational to Social Economics and the Social Economy *
Social economists and conventional economists are divided over the place of need and want in economic thought because of their different views on the questions who and what are the worker and the consumer. Both parties scarcely are aware that different...
Justice and Welfare Economics
The attempt to specify precisely the criteria to be used by the economist to evaluate economic policy and institutions has led to the development of that specialized branch of analysis known as "welfare economics." Bypassing the problem of interpersonal...
Quadragesimo Anno: Schumpeter's Alternative to the Omnipotent State *
This article published in 1951 is Solterer's presidential address to the Association for Social Economics. In it Solterer sets forth two tasks. First he shows that Schumpeterian economics is in harmony with the teachings of the Catholic church. Second...
The Doctrine of Consumers' Sovereignty
Originally published in 1960, Knox's article examines at length consumer sovereignty, a doctrine widely proclaimed by mainstream economists, no less today than it was more than forty years ago In this article Knox states that consumer sovereignty rests...
The Normative Foundations of Social Theory: An Essay on the Criteria Defining Social Economics *
Two views of human nature underlie economic theory and any theory incorporating either view is not social economics. The first view sees human nature as metaphysically or genetically given. This view has difficulty giving differences in the structure...
The Principle of Solidarity in the Teachings of Father Henry Pesch, S.J
This 1946 article provides a special insight into the teachings of Heinrich Pesch because Mueller was a member of a study group formed by Pesch to address social and economic issues in Germany following World War I. Pesch was a German Jesuit economist...
The Rise and Fall of "Self-Interest"
Drawing on Hobbes, Locke, Smith, Mandeville, and Rousseau, Faulhaber's 1977 article argues that self-absorbed self-interest cannot serve as the foundation of society because individual perversities do not sum to the common good. In Faulhaber's own...
Towards a Process Conception of Rationality in Economics and Science
A conception of rationality is the most pressing issue now facing economic science. This is apparent in the debate regarding the microfoundations of macroeconomics. Marshallians like Robert Clower and Axel Leijonhufvud allow economic agents to be reasonable,...
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