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. 63, No. 5, November

Comments on "Echoes of Henry George in Modern Analysis"
These three papers demonstrate how Henry George's late 19th-century economic thoughts not only echo but indeed resonate in modern economic analysis. George's influence is not confined to land issues but permeates into welfare economics, macroeconomics,...
Does the Henry George Theorem Provide a Practical Guide to Optimal City Size?
I Introduction THE BASIC HENRY GEORGE THEOREM states that, with identical individuals, in a city of optimal population size, differential land rents (the aggregate over the city of urban land rent less the opportunity cost of land in nonurban...
Echoes of Henry George in Modern Analysis: A Comment on Three Applications
The three preceding papers all use the ideas of Henry George to analyze important policy issues. Each paper is interesting in its own right and as a group they show that, even a century after he wrote, Henry George's ideas are taken seriously as a...
Editor's Introduction
This fifth issue is the place where we traditionally publish our annual supplement. But it is not here. The 2004 Annual Supplement to the AJES can be found in the April issue (63:2) because it was the second volume in Dr. Robert Andelson's two-volume...
Facts, Fiction, and the Fourth Estate: The Washington Post and "Jimmy's World"
Adam Smith in The Wealth of Nations outlined the basic conflict of interests between owners of a firm and those who manage it or work in its employ. He writes that "the directors of ... companies, being the managers of other people's money than of...
George on Land Speculation and the Winner's Curse
Adam Smith knew about the neutrality of taxes on land. He says of a tax on land, "As it has no tendency to diminish the quantity, it can have none to raise the price of that produce. It does not obstruct the industry of the people" (1937 [1776], p....
Increasing the Role of Environmental Taxes and Charges as a Policy Instrument in Developing Countries: Some Conceptual Considerations
I Introduction THE JUDICIOUS USE (United Nations 1997) of natural resources is a crucial prerequisite for sustainable growth not just in developed countries but even more so in the third world. More generally, natural resource use is determined...
Mapping Growth into Economic Development: Has Elite Political Instability Mattered in Sub-Saharan Africa?
I Introduction OVER THE POSTCOLONIAL ERA, Sub-Saharan Africa (SSA) has experienced rampant elite political instability (PI) in the form of coups d'etat. For example, available evidence shows more than 60 "successful" coups, 70 abortive coups,...
Max Weber: Precursor of Economic Sociology and Heterodox Economics?
I Introduction MAX WEBER IS UNDOUBTEDLY one of the most fascinating and important social scientists of the last century. In this paper we will ask to what degree can Weber's contributions to the basics of social science analysis and methodology...
On Indirect Reciprocity: The Distinction between Reciprocity and Altruism, and a Comment on Suicide Terrorism
IN THIS PAPER, I discuss the relationship between altruism and reciprocity and its relevance to normative and descriptive ethics. On the descriptive level, the paper argues against the strong tendency in biology to dissolve altruism. Normatively, the...
Social Networks and Business Success: The Role of Subcultures in an African Context
I Introduction DEVELOPING ECONOMIES TODAY ARE CHARACTERIZED BY dramatic changes in the direction of liberalization and globalization, not least in Africa. Business entrepreneurs have increased opportunities to enact their business environments...
Understanding Economic Man: Psychology, Rationality, and Values *
I Introduction THE BIG QUESTION FOR ALBERT EINSTEIN WAS: "Did God have any choice?" Einstein was asking whether there were unknown alternatives to the established laws of physics. Big questions challenge established methodological perspectives,...
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