Archives



One ‘Crash’ Won’t Scare Away Investors

January 01, 1988

Recent forecasts by economists about near-term levels of economic activity draw heavily on psychological and sociological presuppositions. Pushed aside are economic theories of business cycles, or the stimulative effects of the declining exchange rate. Instead economists advance two propositions: first, an economic slowdown - possibly a recession - will be caused by a “negative wealth effect.” The second: though there may be a recession, it will be mitigated by a “confidence-building” reduction in the deficit.

How Rational We?

November 01, 1987

How rational people are is a question of interest to social sciences, public policy, and all educated persons.

Corporations on the Government Gravy Train

July 01, 1987

There is a rather reliable: relatively easy way to improve your bottom line which most MBAs fail to mention and your economic consultants are unlikely to recommend: Call on the government.

The Responsive Community (I & We)

July 01, 1987

“The Responsive Community (I & We),” The American Sociologist, Summer 1987, pp. 146-157.

U.S. Technological, Economic, and Social Development for the 21st Century

May 01, 1987

In the late 1970s, the United States became a member of a rather new and small categoryof countries, properly defined as the under developing countries, whose economic development had slipped into reverse gear.

In Praise of Public Humiliation

April 02, 1987

Public humiliation is a surprisingly effective and low-cost way of deterring criminals and expressing the moral order of a community. It is used by a few judges, but much too sparingly. Some jurisdictions publish the names of “Johns” who are caught frequenting prostitutes.

Toward a Kantian Socio-Economics

April 01, 1987

"Toward a Kantian Socio-Economics,” Review of Social Economy, Vol. XLV (April, 1987), No. 1, pp. 37-47.

The Party, Like Reagan’s Era, Is Over

February 16, 1987

Jimmy Carter, where are you now that we need you? What we need now is a re-rendering of your “malaise” speech. Maybe a whole series of them. We are discovering, on the domestic front, that feeling good is not enough.

Nine Ways for Coping With Future Angst: What I Learned

February 01, 1987

“Nine Ways for Coping With Future Angst: What I Learned” in Michael Marien and Lane Jennings (eds.) What I Have Learned: Thinking about the Future Then and Now (New York: Greenwood Press, 1987) pp.101-106.

Socio-Economics: Humanizing the Dismal Science

January 11, 1987

Answer the following questions: Did you make your 1986 IRA contribution on any day after Jan. 2, 1986? Did you ever vote or make a contribution to public TV? Have your friends, relatives or clerics ever influenced you to alter any of your goals? If you answer these questions in the affirmative, your behavior illustrates why the core assumptions of mainstream economics are wrong, and why a new science is emerging to explain how and why people make choices. This new discipline - called socio-economics - blends elements of psychology and political science as well as sociology with economics.

On Thoughtless Rationality (Rules-of-Thumb)

January 01, 1987

In strenuous efforts to shore up the beleaguered neoclassical paradigm, its follows argue that individuals may render rational decisions out processing information or deliberations, by using 'rules of thumb'.

Does Regulation Reduce Electricity Rates? A Research Note

December 01, 1986

Rhis paper reasseses the original data of Stigler and Friedland's influential 1962 article on the effects of regulation, which studied U.S. electricity rates in the early 1900's.

Founding a New Socioeconomics

November 10, 1986

Since the economy is nestled within society and rooted in its institutions, economists should join psychologists and sociologists to study human behavior.

I and We: The Case for the Open Community

October 01, 1986

Out of opposition to collectivism grew the celebration of the individual. Long before libertarians objected to totalitarianism in the name of individual rights, laissez faire conservatives challenged the collectivism that had been entailed in nationalism, Catholic and Anglican church doctrines, and secular pessimistic theories of human nature (theories that favored collective institutional and cultural restraints “to keep the lid” on individual urges).

The Fast-Food Factories: McJobs are Bad for Kids

August 24, 1986

McDonald's is bad for your kids. I do not mean the flat patties and the white-flour buns; I refer to the jobs teen-agers undertake, mass-producing these choice items.