The American Journal of Economics and Sociology

The American Journal of Economics and Sociology publishes scholarly essays in the social sciences, with an emphasis on the intersection of sociology and economics. Also included are book reviews and profiles of historical figures.

Articles from Vol. 56, No. 3, July

Adolphe Lowe's Political Economics: Instrumentalism as Enlightened Intervention
Keynes's articulation of his theory of aggregate effective demand laid the theoretical foundation for what is now termed the "Keynesian revolution." Questioning the efficacy of the so-called "Treasury view", Keynes provided a substantially new model...
Economic Sociology Reformulated: The Interface between Economics and Sociology
I The Social Framework of Economic Processes The realm of economic sociology is rarely well defined. Confusions abound, as exemplified by the sketchy boundaries between economic sociology and economics, sociology, and rational choice theory (Coleman...
Education and Intergenerational Mobility in Occupations: A Comparative Study
I The Intergenerational Dynamics of Incomes Some of the recent economic literature recognizes that inequality analysis must be considered in a dynamic framework. Formal models (as for example those proposed by Galor and Zeira 1993 and Banerjee and...
Social Networks and Economic Sociology: A Proposed Research Agenda for More Complete Social Science
I Introduction Economic Sociology covers a large amount of gray area between the disciplines of economics and sociology (Swedberg 1990). This gray area is being explored by "economic sociologists" from both disciplines. Unfortunately, communication...
The American Pot and the Chinese Kettle: Joining Forces for Human Rights
I The Search for the High Ground The U.S. is confident that it is occupying the high ground when it threatens to apply economic and diplomatic sanctions against China until it mends its ways. China defines its high ground by citing statistical profiles...
The Economic Effects (Neutrality) of Taxes on Land: They Depend Neither on Non Pecuniary Returns nor on Capital Market Imperfections
In a recent issue of this journal, Steven C. Bourassa (1992) reviewed the effects on land use of land taxation. His analysis sensibly focused on the "holding cost" and "capitalization" effects of land taxes. These effects obviously raise the pecuniary...
The Heterodox Economics of "The Most Orthodox of Orthodox Economists": Frank H. Knight
I Orthodoxy and Heterodoxy Joseph Dorfman in his The Economic Mind in American Civilization, referred to Frank Knight as a "militant expositor of neoclassicism" and listed him, along with Jacob Viner, as "among the most sophisticated and able defenders...
Unemployment and the Independent European System of Central Banks: Prospects and Some Alternative Arrangements
I Introduction This paper has two related objectives. The first is to scrutinize the case for an Independent European System of Central Banks (hereafter IESCB), which is rejected on the grounds that it would worsen the performance of the real economy....

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