Issue-21, January 12, 2006
From the Editor
Happy New Year
to All. The ASSA meetings in Boston had many heterodox activities.
The heterodox sessions I attended were quite interesting and the
URPE sessions were particularly well attended. Moreover, the various
heterodox social activities were well attended. At its annual
meeting ICAPE announced that it will be holding its second
conference in June 2007 at Utah--details will be forthcoming.
Finally, on a different note, there is some European interest in
setting up a project on the ranking of heterodox
journals/departments; if interested, you can contact Carsten
Herrmann-Pillath at firstname.lastname@example.org. Also see the short note from
Wolfram Elsner below.
2006 Interdisciplinary Graduate Summer School in Post Keynesian,
Institutionalist and Feminist Economics
- 2006 9th International
Post Keynesian Conference Call for Participants (September 15-19, 2006)
- European Business
History Association (EBHA) Conference Copenhagen 2006,17 – 19 August
- European Association
for Evolutionary Political Economy
- Association for Social
- Rescaling the Political
Economy of Social Justice/Injustice: the Urbanisation and
Regionalisation of inclusion/exclusion'
- "The Spririt of
Innovation", "Knowledge, Finance and Innovation" (September, 26-30,
- Conferences, Seminars
- LSE Public Lectures and Events
- Heterodox Economics
- Workshop On Growth and
Employment in Europe
- Eighth International
Workshop on Institutional Economics
- The first Socialist
Economics Congress in Turkey convenes in Istanbul, on December 17 and 18
- Job Postings for Heterodox
The Public Policy Institute of California
- Programme Specialist,
Advocacy / UNDP / New York, NY, USA / Closing date: January 19, 2006.
- Program Officer for the
Americas / The Global Fund for Women / San Francisco, CA, USA / Closing
date: January 25, 2006
Heterodox Conference Papers and Reports and Articles
- New Publications for the Hong Kong WTO Process
- The Political
Economy of Peer Production by Michel Bauwens
- Marx- Hegel and
Keynes Reading Groups
- 2005 SHE
Heterodox Journals and Newsletters
- Earthscan December 2005 Newsletter
- Review of
- AALS Section on
Economics- Special Issue
- Analyse & Kritik-
- Journal of
Institutional Economics (JOIE)
- History of
- United for a Fair
Economy Electronic Newsletter
Heterodox Books and Book Series
- AIDS and the Ecology of Poverty by Eileen Stillwaggon
- After the End of
History: The Curious Fate of American Materialism by ROBERT E. LANE
- Regional Monetary
- New Books from
- New Political
Institutes, and Departments
- Short Report on the Economic Departments Ranking Issue in Germany
Queries from Heterodox Economists
- Bob Hughes
- Dr C.L.
For Your Information
- New Websites for the Economists Papers Project at the Rare Book,
Manuscript, and Special Collections Library at Duke University
- Paolo Sylos Labini
- Joel Baxter Dirlam
- Harry Magdoff,
- Rudolf Meidner, 1914 -
2005: A Visonary Pragmatist
- List of Scientists and
Citizens Calling for a Steady State Economy Reaches 1,000
Call for Papers
Graduate Summer School in Post Keynesian, Institutionalist and Feminist
Call for Students
and Faculty (June 16-24, 2006)
Kansas City, Missouri USA
2006 9th International
Post Keynesian Conference Call for Participants (September 15-19, 2006)
Kansas City, Missouri USA
September 15-18, 2006
A Workshop on The Continuing Relevance of The General Theory
September 19, 2006
A Conference Celebrating Keynesian Economics
Keynote Speakers Include: Skidelsky, Goodhart, Davidson, Harcourt,
2006 PK Conference
History Association (EBHA) Conference Copenhagen 2006,17 – 19 August
“The Dynamics of Capitalism and Business enterprise – 200 years of
Success, Failure and Scandal”
Nintey four years have passed since Joseph Schumpeter published his
“Theorie der wirtschaftlichen Entwicklung”, but its focus on innovation
and entrepreneurship as well as on creative destruction and crises makes
it as topical as ever. With the era of globalization, the dynamics of
capitalism have never been more intense and more all-encompassing, and
this gives rise to a series of important questions that Business History
may be particularly suited to answer.
By inviting papers as well as entire sessions that explore historical
parallels and analyze the path that business corporations and societies
have taken towards the present state of a global economy, we hope to
achieve a better and historically founded understanding of the
challenges that capitalist societies and business enterprises face in
the 21st century.
We invite papers that deal with the coporate level, the national level,
the international level, or the three combined. At the same time, we
want to recognize the need for Business History to open up to new
theoretical approaches in other disciplines like economics, sociology,
anthropology, the humanities, and business studies in order to
constitute a truly cross-disciplinary science.
The conference therefore has three themes:
• Corporate Governance and Business Performance - Historical
• Global Markets and Global Regulation – Institutional Frameworks in
• Theoretical Challenges and New Perspectives in Business History
Although priority will be given to papers embracing these themes and
closely related topics it is normal practice for EBHA conferences to
include some papers outside the theme of the conference.
Submission of Abstracts
Those interested in presenting a paper should prepare a one-page
abstract. Proposals for panels should contain the abstracts of the
individual papers as well as a short summary explaining the rationale of
putting these together in one panel. Suggestions for chairs and
discussants of the panel will also be welcomed. Please e-mail your
abstracts or panel proposals by January 15, 2006 at the latest
EBHA2006@cbs.dk All proposals will
be evaluated by an academic committee. Decisions will be announced by
e-mail before February 28th 2006.
At the conference, there will be a competition for the best dissertation
in Business History. The best dissertation will be awarded a prize of €
500. The dissertation can be written in any language, and must be
completed no later than 2005. The competition will be coordinated by Per
Boje, Jørgen Fink and Per Hansen. A short summery should be e-mailed to
email@example.com before 1st of March
EBHA2006 is organized by Center for Business History, Copenhagen; Center
for Business History, Aarhus and Center for Industrial and Business
History, Odense. You can read more about the three themes and the
EBHA2006 Conference in Copenhagen at
European Association for
Evolutionary Political Economy
Invites you to attend the 1st EAEPE Symposium
SOCIAL AND POLITICAL ECONOMY OF LABOR: NEW DIMENSIONS
Thursday, June 29 – Saturday, July 1, 2006
at the Saint-Petersburg State University,
For detailed information: EAEPE
Association for Social Economics
Annual A.S.S.A. Meetings, Chicago, Illinois, January 5–7, 2007
THEME: Sustainability in Three Dimensions: Economic, Social, Ecological
Economic sustainability is usually understood to mean that living
standards are maintained through time, i.e., per capita consumption does
not decrease. In a world accustomed to economic growth, economic
sustainability would not seem difficult to achieve. But economic
sustainability ultimately depends on the sustainability of society and
of natural ecosystems. Sustainable ecosystems maintain their biological
integrity through time, so that their flow of services to human and
non-human life continues undiminished. Sustainability in human society
means the maintenance of solidarity, trust and cooperation, leading to
high levels of effectiveness of institutions like education, civic
administration and commerce. The theme of papers for the 2007 meetings
will be the interactions of these three forms of sustainability, and the
ways in which economic institutions and policies can contribute to
sustainable development. Possible sessions could include:
• Substitutability of real economic (manufactured) and natural capital
• Effects of increased income inequality on the exploitation of the
environment and the stability of social institutions
• Globalization of economic activity and its effects on society and the
• Ability of the price system to signal the depletion of ecological
• Local control of the economy and local knowlege of ecosystems
• Promoting investment in ecological and social capital
There will be an opening plenary session, seven other sessions, and a
Presidential Address at the ASE breakfast by Deborah M. Figart. Both
members and nonmembers of the ASE are invited to submit proposals. Also,
anyone willing and able to organize a full session with three or four
papers and discussants on an appropriate topic is encouraged to submit
such a session for consideration.
Proposal submission: A one-page abstract (including name, postal and
e-mail addresses) should be submitted before the deadline of April 30,
2006. Completed papers will be due by November 15, 2006. It is preferred
that abstracts be sent by e-mail to firstname.lastname@example.org.
John P. Tiemstra
Department of Economics and Business
North Hall, 1740 Knollcrest Circle SE
Grand Rapids, Michigan 49546 USA
Rescaling the Political
Economy of Social Justice/Injustice: the Urbanisation and
Regionalisation of inclusion/exclusion'
Convenors: Ramon Ribera-Fumaz and Stijn Oosterlynck (Lancaster
Session sponsored jointly by Economic Geography (EGRG) and Political
Geography Research Group (EGRG)
RGS-IBG Annual International Conference 2006 30 August - 1st September
2006 at the Royal Geographical Society with IBG, London
Recent literature in urban and regional development theory and research
is largely dominated by concerns about agglomeration economies, learning
regions and the geographies of inter-space competition. Urban and
regional economic development strategies aim at imaging and producing
places that are first and foremost attractive sites for capital
accumulation. In this sense, there exists a large body of research and
theory looking at the development impact of rescaling economic
governance mechanisms to the urban and regional level. On the other
hand, most of the literature on local social justice is focused on
processes of gentrification and on the privatisation of public space and
its exclusionary character at the neighbourhood scale. Yet, there is
little research available that actually looks at the rescaling of social
justice/injustice at the urban and regional level.
This session aims to look at urban and regional development strategies
and the economic imageries informing them from a social justice, rather
than from a competitiveness perspective. The session hopes to contribute
to our understanding of how certain actors' actions and the imaginaries
that inform their actions aim at rescaling development strategies to the
urban and regional level in an attempt to produce new scales of
political intervention on which they have stronger capacities to act. We
invite papers that analyse how regional and urban development strategies
and the associated imaginaries work to include certain social groups and
social interests while excluding and marginalising others.
Please send your abstract by January 15th 2006 to:
Ramon Ribera-Fumaz <email@example.com> Stijn Oosterlynck
Conference webpage: http://www.rgs.org/templ.php?page=AC2006
"The Spririt of Innovation",
"Knowledge, Finance and Innovation" (September, 26-30, 2006)
The call for paper is at the following address:
Second Forum - The Spirit of Innovation
Research Unit on Industry and Innovation –
University of Littoral France
Knowledge, Finance and Innovation
September, 26-30, 2006
Keynes, in his day, warned politicians of the dangers of entrepreneurial
short-sightedness and the potential for undermining longer-term economic
performance. His observations remain prescient, particularly with regard
Innovation is characterized by the market introduction of new products,
typically accompanied by new means of production, new methods of
management, and the ultimate attainment of new forms of industrial
organization. These outcomes are dictated by the imperatives of
integration, the coordination of intellectual resources, and ultimately
by the pursuit of financial profitability.
The myopic pursuit of short-term profitability may be the contemporary
embodiment of Keynes’ apprehension. For instance, innovation projects
jointly funded by large companies and units of government may by
undermined by declining support for the basic research upon which those
projects depend. This is particularly true regarding the reduction of
public funding that often accompanies the opening of traditional markets
to new sources of competition.
The logic of financial investment drives the valuation of technological
capital (incorporating scientific knowledge, industrial knowledge and
innovation engineering) and often motivates large firms to pursue a path
of short-term expedience. Also, technological progress may evolve so
rapidly that the industrial and social integration of scientific
knowledge may be hindered.
On the other hand, scientific knowledge may perish due to insufficient
profitability, prompting that knowledge to be ignored and withheld from
contributing to innovation. Because profitability typically is the
pre-eminent criteria in the short-run, only those enterprises that
rapidly absorb scientific resources attain viability. Entire scientific
fields, therefore, may become neglected.
The outcome may be the long-term neglect of the common good. Of course,
as Keynes reminds, in the long-run we shall all be dead. But wasn’t
Keynes really calling for more thoughtful linkages between short-term
behaviors and long-term outcomes? Arguably—in the spirit of Keynes—it is
expedient for societies to carefully reconsider how innovation occurs
and to nurture the process more fully, both publicly and privately. What
drives innovation and how may its nurturance be accomplished?
Is it through the pursuit of pure knowledge (ensuing from R&D
processes), its development, and its management for industrial use?
Or is it through greater nurturance of profitability? How do the
imperatives of return on investment influence research and its
Or is it through measurement of the value of innovation in terms of its
usefulness? Does this value depend upon the amount of capital and labour
dedicated to its production?
Or, is it through greater reliance upon the profitability of knowledge?
What are the consequences of the relationship between the management of
knowledge and financial strategies on technical progress, economic
growth and globalization of economic activities?These and other
questions will be pursued within the International Symposium on
Knowledge, Finance and Innovation, through three axes:
· Enterprise logic, profitability and technological selection
Innovation trajectories and “autonomous science”
Financing and managing scientific and technical knowledge
Investments in the protection of knowledge and innovation
New organization of work, new financial structures and organizational
· Network logic, technological and financial complementarity
Strategic Alliances and collective logic of innovation
Innovation networks: enterprises and public institutions
The cognitive division of labour, innovation and investment location
Networks, technical standards and competition
· Public logic, administration and routines
Scientific research, its institutions, its aims, its actors
Innovation policies and innovation systems
Economics of knowledge, innovation and economic growth
Theoretical, historical and applied proposals will be examined by the
scientific committee. The submission of papers and whole sessions (5
participants maximum) are welcome.
Alioune Ba (ULCO), Christine Barthelet (ULCO), Thierry Barthelet (ULCO),
Sophie Boutillier (ULCO), Philippe Chagnon (ULCO), Michèle Clotilde (ULCO),
Bruno Coreen (Communauté Urbaine de Dunkerque), Michèle Crost (IGS),
François Diquero (IGS), Claude Fournier (Institut Supérieur des
Métiers), Marie-Francine François (Ville de Dunkerque), Sylvie Guillet
(ENACT Dunkerque), Nathalie Hannebau (ULCO) Godefroy Kizaba (ULCO),
Christine Lancesseur (IGS), Blandine Laperche (ULCO), Joël Marcq (ULCO),
Clotaire Mouloungui (ULCO), Nathalie Mudard (ULCO), Marc Richevaux (ULCO),
James Sawyer (université de Seattle, USA), Eric Vernier (ULCO), Yannick
Vissouze (Communauté Urbaine de Dunkerque), Maria Vitali Volant (ULCO),
Dimitri Uzunidis (ULCO)
Scientific Committee :
Philip Arestis, University of Cambridge and Levy Economics Institute,
UK; Alioune Ba, Université du Littoral, France; Christine Barthelet,
Université du Littoral, France; Rolande Borrelly, Université de Grenoble
II, France; Sophie Boutillier, Université du Littoral, France; Luiz
Carlos Bresser-Pereira, Fondation Getulio Vargas, Brazil; Suzanne de
Brunhoff, CNRS, France; Guy Caire, Université de Paris X, France;
François Chesnais, Université de Paris XIII, France; Annie L. Cot,
Université de Paris I, France; Jerry Courvisanos, University of Ballarat,
Australia; Paul Davidson, New School University, New York, USA; Renato
Di Ruzza, Université de Provence, France; Abdelkader Djeflat, Université
de Lille I, France; Gérard Dokou¸Université du Littoral, France; Roger
Durand, Université du Littoral, France; Yves Enrègle, IGS, France;
Giuseppe Fontana, University of Leeds, UK; Jacques Fontanel, Université
de Grenoble II, France; Dominique Foray, OCDE, France; Claude Fournier,
Institut Supérieur des Métiers; Alan Freeman, University of Greenwich,
UK; Christopher Freeman, University of Sussex, UK; Jean Gadrey,
Université de Lille I, France; Jean-Luc Gaffard, Université de Nice,
France; James Kenneth Galbraith, University of Austin, USA; John
Hagedoorn, University of Maastricht, The Netherlands; Geoffrey Harcourt,
University of Cambridge, UK; Stefan Kesting, Auckland University of
Technology, New Zealand; Blandine Laperche, Université du Littoral,
France; Fred Lee, University of Missouri Kansas City, USA; Jean François
Lemettre, Université de Versailles, France; George Liodakis, Technical
University of Crete, Grèce; Jean Lojkine, EHESS-CNRS, France; Ben Aagt
Lundvall, Université de Aalborg, The Netherlands; Bernadette Madeuf,
Université de Paris X, France; Michel Marchesnay, Université de
Montpellier I, France; Joël Marcq, Université du Littoral, France ;
Bernard Maris, Université de Paris VIII, France; Jordi Molas Gallart,
University of Sussex, UK; El Mouhoub Mouhoud, Université Paris 13;
Christian Palloix, Université de Picardie, France; Pascal Petit,
Cepremap, France; James Petras, Université de Binghamton, USA; Joël
Thomas Ravix, Université de Nice, France; Marc Richevaux, Université du
Littoral, France; Yorgos Rizopoulos, Université de Picardie, France;
Philippe Rollet, Université de Lille I, France; Jean-Jacques Salomon,
Cnam, France; James Sawyer, University of Seattle, USA; Malcolm Sawyer,
University of Leeds, UK; Claude Serfati, Université de Versailles,
France; Dimitri Uzunidis, Université du Littoral, France; Michel Verret,
Université de Nantes, France; Eric Vernier, Université du Littoral,
France; Nick Von Tunzelmann, University of Sussex, UK ; Philippe Vrain,
Centre d'Etudes de l'Emploi, France
Coordination : Blandine Laperche, Université du Littoral, France
Deadline for communication proposals: March 1 2006.
Final decision of scientific committee: June 1 2006
Final texts: September 5 2006
Languages: English, French
21, quai de la Citadelle
59140 Dunkerque –France
It is not too late to send it to your colleagues, friends and all
persons who could be interested in this symposium. Do not hesitate as
well to publish it in your information letters, reviews, websites,...
Location: Palais des congrès de Dunkerque - Kursaal:
Below, please find information about the publications ensuing from the
First forum "The Spirit of Innovation. John Kenneth Galbraith
International Symposium" (Sept 04)
- John Kenneth Galbraith and the Future of Economics (ed. Blandine
Laperche and Dimitri Uzunidis), Palgrave Macmillan 2005.
Authors: Philip ARESTIS, Norman BIRNBAUM, John CORNWALL, Wendy CORNWALL,
Fanny COULOMB, Paul DAVIDSON, Jacques FONTANEL, Jean-Luc GAFFARD, James
Kenneth GALBRAITH, Jeff MADRICK, Stanislav MENSHIKOV, Richard PARKER,
Kunibert RAFFER, James SAWYER, Malcolm SAWYER, Dimitri UZUNIDIS, Robert
- John Kenneth Galbraith. The Affluent Society of and the liberalism,
Innovations, Cahiers d'économie de l'Innovation, n°23, 2006-1 (in French
Authors : Michel Alexandre BAILLY, Laurent CORDONNIER, Fanny COULOMB,
Jacques FONTANEL, Bertrand De LARGENTAYE, Pierre LE MASNE, Eric T.
MANDRARA, Michel MARCHESNAY, Richard PARKER, Pascal PETIT, Marlyse
POUCHOL, Rémy VOLPI.
- Journal of Post Keynesian Economics, Vol.28, n°1, Fall 2005
Authors : Stefan KESTING, James Ronald STANFIELD and Mary WRENN, Marc
HUMBERT, Francis MUNIER and Zhao WANG, Jerry COURVISANOS, Paul DAVIDSON
- L'Economie politique n°28. Dossier "Galbraith : un intellectuel en
Auteurs: Richard PARKER, Stéphanie LAGUERODIE, Blandine LAPERCHE, James
- The innovative firm and the market. Reading Galbraith, Economie et
Innovation , col. “L’esprit économique”, Innoval-L’Harmattan, Paris,
2005 (ed. B. Laperche, in French Language)
Authors : Jean-Gabriel BLIEK, Sophie BOUTILLIER, Guy CAIRE, Godegroy
Amkampese KIZABA, Blandine LAPERCHE, Bernadette MADEUF, Joël MARCQ,
Francis MUNIER, Antoine REMOND, Bérangère SZOSTAK TAPON, Zhao WANG.
and .... Forthcoming!
- Innovation, Evolution and Economic Change. New ideas in the tradition
of Galbraith (ed. by B. Laperche, J.K. Galbraith, D. Uzunidis), New
Directions in Modern Economics series, Edward Elgar, 2006.
Authors : Sophie BOUTILLIER, Luiz Carlos BRESSER PEREIRA, Guy CAIRE,
Denis CARRE, Jerry COURVISANOS, Michael DIETRICH, James Kenneth
GALBRAITH, Andrée KARTCHEVSKY, Blandine Laperche, Giliane LEFEBVRE,
George LIODAKIS, Bernadette MADEUF, Muriel MAILLEFERT, Luc MAMPAEY,
Christian MILELLI, Jordi MOLAS-GALLART, Victor PELEAZ, Pascal PETIT,
Marlyse POUCHOL, Claude SERFATI, Abhijit SHARMA, Puay TANG, Dimitri
Finally, the new address of Lab.RII's website is :
Conferences, Seminars and
Lectures and Events
Michio Morishima Memorial Lecture "Economics as a Discipline"
Date: Thursday 26 January 2006 Time: 6.30pm
Venue: Old Theatre, Old Building, LSE
Speaker: Professor Amartya Sen
Amartya Sen is Lamont University Professor and professor of economics at
Harvard University. He was previously professor of economics at LSE and
remains a senior research associate of STICERD. He was awarded the Nobel
Prize in Economic Sciences in 1998.
This event is free and open to all however a ticket is required. One
ticket per person can be requested from 10.00am on Monday 16 January
Members of the public, LSE staff and alumni can request one ticket via
the online booking form which will be live on this weblisting
51209t1128z001.htm) from 10.00am on Monday 16 January 2006.
LSE students are able to collect one ticket from the LSESU reception,
located on the ground floor of the East Building from 10.00am on Monday
16 January 2006.
For further information email firstname.lastname@example.org.
If you are planning to attend this event and would like details on how
to get here and what time to arrive, please refer to Coming to an event
at LSE (http://www.lse.ac.uk/collections/conferenceAndEventsOffice/comingToAnEventAtLSE.htm).
Heterodox Economics Workshop
The Economics Network of the Higher Education Academy invites you to a
heterodox economics workshop
When: Wednesday 3 May 2006, 1030 registration for 1100 start, 1600
Where: Boardroom at the Empire and Commonwealth Museum, next to Temple
Meads train station, Bristol
What: A participatory workshop to share ideas for the innovative
teaching of heterodox economics, as well as using a pluralist
perspective in the teaching of mainstream economics. We will also
explore unique issues
surrounding this specialism. Come prepared to share.
For more information, e-mail Heather: email@example.com.
For registration details, go to:
Workshop On Growth and
Employment in Europe
DATE: 27 January 2006
VENUE: Oxford Brookes University Business School, Wheatley Campus,
Wheatley, Oxford OX33 1HX
DIRECTIONS TO THE BUSINESS SCHOOL: There is a University bus, which runs
both during and out of term times. It leaves from the train station at
26 and 56 minutes passed the hour and is called the U1 (and it is blue
and white with Oxford Brookes all over it). People need to ask for
Wheatley Campus and it takes just over 30mins.
PLACE OF MEETING: Room PG203. Please go to the Business School Reception
- as it is a swipe card entrance. For those people that want parking,
could they email Judith Piggott so that they can have a ticket to be
picked up at the Porters Lodge (just inside the entrance) - and the
Porters will direct to the Business School. Directions are on the
Brookes website for drivers but make sure it clearly states Wheatley
Campus on the publicity.
11.30 – 1.00: Three Papers
SCANDINAVIAN COUNTRIES: Jonathan Perraton
Title: Paradise Lost? The Fate of the Scandinavian Economies in
the 21st Century
DENMARK: Jesper Jesperson (firstname.lastname@example.org)
Title: The Danish Case: Flexicurity and Demand Management
GERMANY: Eckhard Hein (Eckhard-Hein@boeckler.de) and Achim Truger (email@example.com)
Title: Germany's Stagnation in the European Context
1.00 – 2.00 Lunch
2.00 – 3.30 p.m.: Three papers
FRANCE: Pascal Petit (Petit@jourdan.ens.fr / firstname.lastname@example.org)
Title: Thirty Years of Massive Unemployment: Its Impact on the
Wage Labour Nexus
ITALY: Elisabetta De Antoni
Title: Italy and the EMU: A Controversial Issue
UK: Philip Arestis (email@example.com) and Malcolm Sawyer (firstname.lastname@example.org)
Title: Economic Policy in the UK Under New Labour: The End of Boom and
3.30 – 4.00 p.m.: Tea and Coffee
4.00 – 5.30 p.m.: Three papers
GREECE/IRELAND: Eleni Paliginis (email@example.com)
Title: The Impact of EMU on Greece and Ireland
SPAIN: Jesus Ferreiro (firstname.lastname@example.org), Carmen Gomez (email@example.com)
and Felipe Serrano
Title: Can Miracles Come to an End? Limitations of the Current Model of
Growth in Spain
PORTUGAL: Isabel Salavisa (firstname.lastname@example.org) Title: The End of
Catching up in Portugal: Causes and Consequences
International Workshop on Institutional Economics
"Human Needs and Markets: New Foundations for Health and Social Policy"
Organised by the Centre for Research in Institutional Economics,
University of Hertfordshire, UK.
Stephen Dunn (Department of Health), Barbara Harriss-White (University
of Oxford), Colin Haslam (University of Hertfordshire), Geoffrey Hodgson
(University of Hertfordshire), Robert McMaster (University of Aberdeen).
19-20 June 2006
This residential workshop will be held on the De Havilland campus of the
University of Hertfordshire, in Hatfield, England.
This workshop is designed to provide in-depth discussion of cutting-edge
issues in institutional economics, in a forum that permits the attention
to detail and definition that is often lacking in larger,
conference-style events. The expected maximum number of participants is
50. Please book early to avoid disappointment.
The De Havilland Campus of the University of Hertfordshire is about one
mile from Hatfield railway station. There are regular trains from
Hatfield to London Kings Cross, taking about 20 minutes. There is easy
access to all London airports.
Socialist Economics Congress in Turkey convenes in Istanbul, on December
17 and 18
The Socialist Economics Congress in Turkey (SEC) convenes on December 17
and 18 at the headquarters of Petrol-Is (Petroleum Chemical Rubber
Worker's Trade Union of Turkey) in Istanbul.
DECEMBER 17, SATURDAY
10:00-11:00: FIRST SESSION (Convenor: Erkin Özalp)
• Opening speech on behalf of the Left Council / Mesut Odman
• Opening speech on behalf of the University Councils Association /
• On the Fundamental Line of Economic Thought in Turkey / Tevfik Çavdar
• Economic Policy Debates in Turkey: Moving Forward by Defending the
Past / Korkut Boratav
11:30-13:00: WORLD CAPITALISM: QUO VADIS? (Convenor: Mesut Odman)
• The Pattern of Crisis in World Capitalism as a Relationship between
State and Capital / Ahmet Haşim Köse-Ahmet Öncü
• Limits of Cooperation and Competition Among Imperialist Powers / Nail
• Changes in the Production Process and the Working Class / İlker Belek
14:30-16:00: WORKING GROUPS PANEL (Convenor: Nihat Falay)
European Union (Barış Karaağaç, Erkin Özalp, İlhami Alkan), Foreign
Economic Relations (Burak Gürbüz, Erkin Özalp, Ömer Emirkadı), The
Relationship between Economics and Politics (Deniz Alca, Türkan Hançer,
Yasemin Dildar), Unemployment and Health (Alp Ergör, Belgin Ünal, Bülent
Kılıç, Yücel Demiral). With the participation of one member from each
16:30-18:00: THE SEARCH FOR ALTERNATIVE ECONOMIC POLICIES (Convenor:
• Ideological and Economic Meanings of the Concept of "Globalization" /
E. Ahmet Tonak
• Limits of the Search for Alternatives with an Unsound Class Basis /
• Is the EU an Alternative? Is it Possible to Create Alternatives within
the EU? / Nikos Papaconstantinou (Greece - Member of the Direction of
the Center for Marxist Research)
• Economics Education and the Search for Alternatives / Nihat Falay
DECEMBER 18, SUNDAY
10:00-11:30: TURKISH CAPITALISM: QUO VADIS? (Convenor: İzzettin Önder)
• What has Changed and has not Changed in the Turkish Economy after the
2001 Crisis? / Erinç Yeldan
• Economic and Social Aspects of the EU Accession Process / Özgür
• Industrialization and Deindustrialization Dynamics in Turkey / Ayfer
• The Role of Foreign Capital in the Financial Sector / Öztin Akgüç
13:00-14:30: WORKING GROUPS PANEL (Convenor: Ayfer Eğilmez)
Science and Technology Policies (Beyza Üstün, Çiçek Çavdar, Helin
Dutağacı, Koray Çiftçi), State-Economy Relationships (Attila Güney, H.
Yasemin Özuğurlu, Metin Altıok, Yüksel Akkaya), Intellectual Property in
the Pharmaceuticals Industry (Ahmet Alpay Dikmen, Nurettin Abacıoğlu),
Socialist Labor Process (Ali Murat Özdemir, Burçak Özoğlu, Gamze
Yücesan-Özdemir), Industrial Policies of Turkey (Ali Somel, Alper Birdal,
Aytek Soner Alpan). With the participation of one member from each
15:00-16:30: SOCIALIST STRATEGIES FOR DEVELOPMENT (Convenor: Burçak
• Contributions of the Cuban Economy to Socialist Perspectives / Ernesto
Gomez Abascal (Cuban Ambassador to Turkey)
• Capitalism as the Barrier to Industrialization in Turkey and Socialism
as the Only Alternative / Aziz Hatman
• Underground Resources of Turkey and Socialism / Tahir Öngür
• New Opportunities for Socialist Planning in Light of Technological
Innovations / Erkin Özalp
17:00-18:00: Forum and Declaration of the Final Report
Small concerts and slide shows will also take place during the congress.
Auditing the congress is free.
ADDRESS: Petrol-İş Sendikası Genel Merkez Binası (Altunizade Mah.
Kuşbakışı Cad., No:25, ÜSKÜDAR/İSTANBUL)
Job Postings for
The Public Policy Institute of
The Public Policy Institute of California is an independent,
nonpartisan, non-profit research institution, based in San Francisco.
The institute informs policymaking by producing and disseminating
high-quality, objective research on a range of public policy issues.
I'd like to bring two items to your attention. First, we have two
Dissertation Fellow positions available. These are one-year-long, fully
paid position in our San Francisco office, for Ph.D. students with a
background in a relevant field. For details on the application process:
Application due date: January 30, 2006.
I'd also like to remind you that we are still recruiting several
Research Fellows, as detailed in the descriptions on our website at
We plan to review applications for these positions as they come in,
until they are filled.
If you know of qualified and interested candidates, I would appreciate
it if you could refer them to our website. Thank you.
Public Policy Institute of California
500 Washington Street, Suite 800
San Francisco, CA 94111
Tel: (415) 291-4485
Programme Specialist, Advocacy /
UNDP / New York, NY, USA / Closing date: January 19, 2006.
Job expertise: Gender, Governance
Duration of initial contract: One Year (Renewable)
Under the overall supervision of the Governance, Peace and Security
Adviser, the Programme Specialist for Advocacy will undertake the
following duties and responsibilities:
- Assist in organizing an inter-agency advocacy initiative, in
collaboration with non-governmental organizations, to support efforts to
end sexual violence in conflict and post-conflict contexts. This
initiative will build upon IASC guidelines for addressing Gender-Based
Violence in Humanitarian Situations and will promote their use through
resource-generation and international awareness.
The initiative will also aim to galvanize global concern about impunity
for sexual violence in conflict and speed up the response of the
peacekeeping and humanitarian communities to violations of women's
rights in conflict and post-conflict settings.
- This will include:
- setting up a database for participating organizations and maintaining
regular communications with these.
- organizing regular meetings of the working groups associated with the
- conceptual work to clarify campaign goals, rational, messages.
- organizational work to help build a management structure for the
- fundraising to generate resources for the campaign.
- networking to expand participation in the campaign.
- securing endorsement for the campaign from key supporters such as
national governments, military spokespersons, celebrities, etc.
- building buy-in for the campaign from UN and non-governmental
personnel working in theatre or in post-conflict recovery.
- Liaise with staff running UNIFEM's Portal:
to build website for the advocacy campaign.
- Post-graduate degree in gender studies, international relations,
development, political sciences, international law, economics or related
- Knowledge or experience in web design and development.
- Excellent command of English, ability to draft in English.
- Fluency in written and spoken English; knowledge of other UN
languages an asset.
- Experience and track record in advocacy work.
- Minimum of five years of post-Masters experience with increasing
responsibility in the field of women, peace and security.
- Understanding of GBV, sexual violence, gender justice issues
preferably in conflict situations. Field experience in addressing these
problems an asset.
- Understanding of the UN system structure, including those related
to women, peace and security. Understanding of non-governmental
community addressing GBV and sexual violence in conflict and
- Good organizational skills, sound judgment, initiative,
demonstrated capacity to perform effectively within a multicultural work
environment, tact and ability to deal with confidential matters in a
discreet and reliable manner.
- Capacity to plan, prioritize and deliver tasks on time. Ability to set
priorities; work under pressure with colleagues at all levels.
- Ability to participate effectively in a team-based, information-
sharing environment, to collaborate and cooperate with others.
- Willingness to accept additional responsibilities as required by
the demands of the service.
- Ability to communicate sensitively and effectively across different
- Strong interpersonal, writing and research skills.
- Evidence of capacity to be a self-starter, self-motivator and
Ref. No.: ALD2006/0615
Please apply ONLINE at:
CLOSING DATE FOR APPLICATIONS: JANUARY 19, 2006.
Program Officer for the
Americas / The Global Fund for Women / San Francisco, CA, USA / Closing
date: January 25, 2006.
The Program Officer (PO) manages the Americas portfolio of grants for
the Global Fund for Women. As a member of the Program team, the PO
reviews, manages, and prioritizes requests from organizations seeking
funding from the Global Fund.
Main areas of responsibility include:
- Outreach and Communications;
- Management and Supervision.
Projected start date for this position is mid March, 2006.
SUMMARY OF REQUIREMENTS:
- Knowledge of women's human rights and the work of women's groups in
- Knowledge of the economic, political, social and cultural trends in
- Fluency in oral and written English and Spanish required (knowledge of
Portuguese and/or French is highly desirable)
- Strong written and verbal communication skills and ability to perform
analytical and researched work
- Leadership and people skills, with a demonstrated ability to support
and encourage team members
- Excellent organizational skills, attention to detail and ability to
manage complex tasks
- A minimum 4-5 years substantive professional, academic or activist
experience in international women's rights issues and a BA/BS degree is
- A Master's degree in social sciences is preferred, international
development or gender studies, along with previous overseas
living/working experience in the particular region.
SEE FULL DESCRIPTION OF REQUIREMENTS AND RESPONSIBILITES AT:
Applications and all supporting documents MUST BE POSTMARKED BY JANUARY
Please submit an original of the full application to The Global Fund for
Women office by mail or email (see below). All pages of the application
should be typed in a reasonable size font (10-14 pt.), single-spaced and
double-sided to conserve paper. Please do not submit applications in
folders or binders. Each application package should include the
- Cover letter with the applicant's current contact information
- Resume (including detailed work experience, education/degrees, and
references with contact information)
- 2-3 page Writing Sample
All applications and supporting documents should be sent to us by email
or mail to: (email@example.com) or
Program Officer, Americas (POAm1-06)
The Global Fund for Women
Attn: Human Resources
1375 Sutter Street, Suite 400
San Francisco, CA 94109, USA
Conference Papers and Reports and Articles
New Publications for the Hong Kong
Kevin P. Gallagher and
Timothy A. Wise, from GDAE’s Globalization and Sustainable Development
Program, will be attending the WTO meetings in Hong Kong December 13-18
to present the institute’s research on the social, economic, and
environmental impacts of trade liberalization. They will present their
findings to negotiators and in parallel NGO forums taking place in Hong
Kong. In addition, the institute has released new publications relevant
to the negotiations:
1. Report and Working
Paper: “The Shrinking Gains from Trade: A Critical Assessment of the
Doha Round Projections”
2. Working Paper:
“Policy Space for Development in the WTO and Beyond: The Case of
Intellectual Property Rights”, by Ken Shadlen
3. Working Paper:
“Identifying the Real Winners from U.S. Agricultural Policies,” by
Timothy A. Wise
4. Report: “Preserving
Policy Space for Sustainable Development: The Subsidies Agreement at the
WTO," published by the Trade Knowledge Network
For a full listing of
GDAE publications relevant to the Hong Kong ministerial meeting,
Gallagher and Wise’s speaking itineraries in Hong Kong, and contact
information for them there, please go to:
For more on GDAE’s
Globalization and Sustainable Development Program:
Economy of Peer Production by Michel Bauwens
The following essay examines the widespread emergence of a new mode of
non-reciprocical exchange, as found in the immaterial and cooperative
peer production techniques evident in free software and knowledge-based
projects such as Wikipedia. It compares the interplay of peer production
with three other modes of exchange, outlining its specificities in terms
of governance and property regimes: 1) for the market, through pricing;
2) traditional reciprocity-based gift economies; 3) resource allocation
through the state or corporate hierarchies. How can economics, by
definition dealing with scarce resources, incorporate modes of exchange
that are predicated on an abundance of input and a free output through
universal access-based common property regimes? The author argues that a
full knowledge of contemporary political economy will only succeed if it
is based on such an integration of the new modes of production, not just
on the market.
Marx- Hegel and Keynes Reading
Details of the meetings for the new term of the
London Marx-Hegel reading group and the Keynes reading group may be seen
London Marx-Hegel reading group:
London Keynes reading group:
2005 SHE Conference Papers
Most of the papers from the 2005 SHE
Conference are now available from the Conference Website, via the
Heterodox Journals and
Earthscan December 2005 Newsletter
For detailed information:
Review of Political Economy
Number 1/January 2006 of Review of Political Economy is now
available on the journalsonline.tandf.co.uk web site at
This issue contains:
- Kydland and Prescott's
Nobel Prize: the methodology of time consistency and real business
cycle models, James E. Hartley
- Immigration as industrial strategy in American meatpacking, Dell
Champlin, Eric Hake
- On the Tobin Tax,Korkut A. Erturk
- Does the market self-correct? Asymmetrical adjustment and the
structure of economic error, Peter T. Leeson, Christopher J. Coyne,
Peter J. Boettke
- Political rights, civil liberties, and the black market premium on
foreign exchange: Evidence from developing countries, Mohsen
Bahmani-Oskooee, Gour G. Goswami
- Eriksson on critical realism: a comment, Andrew Mearman
- Eriksson on Critical Realism: a rejoinder,Ralf Eriksson,
- Book reviews
Volume 11 Number 3/November 2005 of Feminist Economics is now
available on the journalsonline.tandf.co.uk web site at
This issue contains:
- Reflections on gender mainstreaming: An example of feminist
economics in action?, Jill Rubery
- Credit and women's group membership in South India: Testing models
of intrahousehold allocative behavior, Nathalie Holvoet
- Determinants of women's microenterprise success in Ahmedabad,
India: Empowerment and economic, Paula Kantor
- The citation impact of feminist economics, Frances Woolley
- Feminist ecological economics, Ellie Perkins, Edith Kuiper, Rayén
Quiroga-Martínez, Terisa E. Turner, Leigh S. Brownhill, Mary Mellor,
Zdravka Todorova, Maren A. Jochimsen, Martha McMahon
- Sen on freedom and gender justice, Mozaffar Qizilbash
- Book Review
- Notes on contributors
- Thanks to reviewers
- A special issue on AIDS, sexuality, and economic development,
Cecilia Conrad, Cheryl Doss
- Information and announcements
- Feminist economics editorial policies
- Submission and style guidelines
on Socio-Economics Newsletter
The updated electronic version of the AALS
Section on Socio-Economics Newsletter (which
sets forth the AALS and Georgetown programs) can
be viewed and downloaded by way of the following
Feminist Economics- Special Issue
Special Issue on Women and Wealth
Volume 12, Issue 1&2 £15/US$25
Guest Edited by Carmen Deere and Cheryl R. Doss
This special issue examines asset gaps and the distribution of wealth by
gender around the world. Contributors employ a broad range of methods to
explore how wealth ownership affects household decisions and women’s
well being. For further information please visit:
Quote code XF04701W when ordering.
Routledge is pleased to offer the Special Issue of
Feminist Economics -
Women and Wealth, at the special issue rate of £15/US$25 (subject to
availability). You may order this issue by filling in the form below and
clicking on the submit button (we will then send you a pro-forma
invoice). Alternatively, complete and print this form and send it to:
Nicky McArthur, Routledge, Taylor & Francis, 4 Park Square, Milton Park,
Abingdon, OX14 4RN, UK, Fax: +44 (0)207 017 6713
Analyse & Kritik- Special issue
Analyse & Kritik 27 (1), 2005 on Ernst
Fehr and Human Altruism
Editors: Mark Peacock & Michael Schefczyk
Mark Peacock & Michael Schefczyk - "Editorial", pp. 1-5
Ernst Fehr & Urs Fischbacher - "Human Altruism - Proximate patterns",
Herbert Gintis - "Neoclassical Economics Meets Behavioral Game Theory",
Ernst Fehr & Urs Fischbacher - "Altruists with Green Beards", pp. 73-84
Robert Frank - "Altruists with Green Beards: Still Kicking?", pp. 85-96
Christopher Stephens "Strong Reciprocity and the Comparative Method",
Jason Alexander - "The Evolutionary Foundatons of Strong Reciprocity",
Terry Burnham & Dominic Johnson - "The Biological and Evolutionary Logic
of Human Cooperation", pp. 113-135
Alexander Rosenberg & Stephan Linquist - "On the Original Contract:
Evolutionary Game Theory and Human Evolution", pp. 136-157
Anton Leist - "Social Relations instead of Altrusitic Punishment", pp.
Hans Bernhard Schmid - "'Nostrism': Social Identities in Experimental
Games", pp. 172-187
Mark Peacock, Michael Schefczyk and Peter Schaber - "The
Indispensability of Motives: Thoughts on Ernst Fehr and Altruism", pp.-
Jon Elster - "Fehr on Altruism, Emotions and Norms", pp. 197-210.
In a subsequent issue of Analyse & Kritik, Ernst Fehr will reply to his
Journal of Institutional Economics
The December 2005 issue of the Journal of Institutional Economics (JOIE)
(published by Cambridge University Press) has appeared. See
The European Association for Evolutionary Political Economy (EAEPE) has
decided that its paid up members will receive the 2006 as well as the
2005 issues of JOIE as part of their membership entitlements. See
Joining EAEPE is a good way for individuals to subscribe to JOIE. To
join EAEPE please email Annette Bartels firstname.lastname@example.org
Please also ensure that your library subscribes to JOIE. For
subscriptions please email email@example.com (North
firstname.lastname@example.org (rest of the world)
In 2006, JOIE will appear in April, August and December.
JOIE is devoted to the study of the nature, role and evolution of
institutions in the economy, including firms, states, markets, money,
households and other vital institutions and organizations. It welcomes
contributions by all schools of thought that can contribute to our
understanding of the features, development and functions of real world
economic institutions and organizations.
Submission should be made by email and electronic attachment to the JOIE
Notes For Contributors
All articles must be in English. They may be submitted by electronic
means only, in a single file. MSWord, WordPerfect and pdf files are
acceptable, up to a maximum size of 500kb.
There must be no indication of the personal identity or institution of
any author of the article within the article itself, or in the
‘properties’ of the electronic file. Normally, articles (including
footnotes and references) must be no longer than 9,000 words. In special
cases, such as an extended review or survey article, this limit may be
extended to 12,000 words. A declaration of the total word count
(including footnotes and references) must accompany or be within the
Papers with some formal content will be considered if it is fully
explained for a general readership, the mathematics is consigned as much
as possible to appendices, the assumptions have sufficient grounding in
reality, and the paper enhances our understanding of past, present, or
feasible socio-economic institutions. JOIE is not interested in the
advancement of formal or econometric technique for their own sake.
The front page of the electronic file of the article should include the
following information: the title; an abstract of the article of up to
150 words; the Journal of Economic Literature classification codes for
the article (consisting of a single letter followed by two numeric
www.aeaweb.org/journal/jel_class_system.html ); and up to six key
words or short phrases.
Footnotes should be kept to a minimum and the Harvard referencing system
should be used.
Submissions should be accompanied, in the email text or in a separate
file, with the following details: the name(s) of the author(s); the
email address of the corresponding author; and the institutional
affiliation(s) of the author(s).
Submission of a paper will be held to imply that it contains original
unpublished work and is not being submitted for publication elsewhere.
No. 42, Summer 2005.
Max Corden, ‘Effective
Protection and I’, pp. 1-11.
George E. Economakis , ‘Definition of the
Capitalist Mode of Production: A Re-examination’, pp. 12-28
Peter Groenewegen, ‘A Book that Never Was:
Marshall’s Final Volume on Progress and his System of Ethical and
Political Beliefs’, pp. 29-44.
Marc Lavoie, ‘René Roy, the Separability and
Subordination of Needs, and Post Keynesian Consumer Theory’, pp. 45-9.
René Roy, ‘The Hierarchy of Needs and the
Concept of Groups in Consumer Choice Theory ’, pp. 50-6.
Alex Millmow, ‘Searching for a “First-Class
Man”: The Appointment of
the Inaugural Ritchie
Professor of Economics’, pp. 57-66.
Alex Millmow, ‘The Mystery of Edward Shann’,
‘”Masters of Theory” and its Relevance to the History of Economic
Thought’, pp. 77-99.
One Hundred Years From Today
Michael C. Howard ,
‘Max Weber’s The Protestant Ethic and the Spirit of Capitalism’, pp.
Book Reviews, pp. 104-35.
Full details available
at the website of the History of Economic Thought Society of Australia,
United for a
Fair Economy Electronic Newsletter
In this issue:
1. New book on inequality features UFE voices
2. Picketing Wells Fargo's Grinch-like actions with ACORN
3. $10 million bash thrown by UFE's featured war profiteer
4. Action alert to rein in CEO pay
5. New bankruptcy law: moral bankruptcy
6. Have you made your end-of-year gift to UFE?
New book on inequality features UFE voices
Matters:The Growing Economic Divide in America and Its Poisonous
Consequences (New Press, 2006) is now available for online purchase.
The book features UFE's Meizhu Lui and Betsy Leondar-Wright, as well as
Bill Moyers, Barbara Ehrenreich, and 20 other speakers at the June 2004
national conference sponsored by UFE and Demos.
Picketing Wells Fargo's Grinch-like loans with ACORN
Two Responsible Wealth members spoke at a picket outside Wells Fargo's
San Francisco headquarters on December 14 to protest the racial
disparities exacerbated by the company's predatory lending abuses and
short-term, high cost "payday" loans.
Members of the Association of Community Organizations for Reform Now (ACORN)
who have actually been ripped off by Wells Fargo's loans spoke as well.
ACORN staged a street performance in which the "CEO," dressed as the
Grinch, drove the "Wells Fargo wagon," stole gifts from low-income homes
and deposited them at the bank's front door. Passersby were handed a
Barry Hermanson, a Wells Fargo customer, and Theo Ferguson, a
shareholder who spoke at the bank's annual meeting last year, both urged
Wells Fargo to enact reforms similar to those made by other leading
lenders. UFE has been involved in six months of negotiations with Wells
Fargo that resulted in some reforms, but which left other unfair
practices unfixed and didn't compensate borrowers ripped off by past
loans with excessive fees and deceptive clauses.
Responsible Wealth members have filed a
shareholder resolution for 2006 that calls on the company to
investigate racial disparities in the cost of their loans.
$10 million bash thrown by war profiteer featured by UFE
David H. Brooks, profiled in UFE's report
Excess 2005, took home over $180 million in pay and stock sales from
selling bullet-proof vests for the Iraq war, some of them recalled by
the Marines for not stopping bullets well enough. We couldn't help but
wonder what he did with all that money.
Now we know. His $10 million party for his daughter made gossip columns
because it included performances by members of Aerosmith, Kenny G, 50
Cent and other stars.
outrageous details can be found on UFE's website.
New bankruptcy law: moral bankruptcy
The new bankruptcy law, which went into effect October 17, makes it
harder for families suffering from economic hardships to write off their
debt, most of which is incurred after job loss, divorce and medical
crises. Importantly, it is also likely to widen the racial divide.
Read more about what "compassionate conservatism" really means and
on how debt has been used historically to block people of color from
Action alert to rein in CEO pay
Over the last seven years United for a Fair Economy and Responsible
Wealth members have filed more than 65 shareholder proposals on
executive pay. While we have succeeded in raising awareness of this
issue, excessive executive pay continues to be a problem, in part
because shareholders have little control over it.
That may be changing. Massachusetts Congressman Barney Frank recently
introduced legislation requiring companies to increase their disclosure
of executive pay and perks.
In addition, the legislation would give shareholders a greater role in
approving compensation plans, golden parachutes that create huge
windfalls for executives when companies merge, and executive severance
Congressman Frank's bill would go a long way toward strengthening
shareholder influence over executive pay. Corporate boards continue to
be packed with current and retired CEOs, the very people who benefit
from the out-of-control CEO pay system. Two years ago, the Securities
and Exchange Commission sought to open the director nominating process
to greater shareholder participation. But despite a record number of
public comments, more than 90% in support of the changes, big business
lobbyists have successfully blocked the measure. Congressman Frank's
bill would replicate the British system, in which shareholders must
approve executive pay packages. Though British shareholders have only
once voted down a CEO's pay, the prospect that they could has kept
executive pay more under control than in the United States.
Contact your Congressperson (Congressional switchboard: 202-224-3121)
and ask them to sign on as a co-sponsor of HR4291, Congressman Frank's
bill to improve CEO pay disclosures.
Have you made your end of year gift to UFE?
UFE members are our single most important source of contributions.
Please don't let the year go by without renewing your membership and
making a donation to United for a Fair Economy or Responsible Wealth
today. Log on to our secure site to
You can become a
of United for a Fair Economy anytime through our secure website.
Find out if there is a
(1) NEW BOOK
* State of the World 2006 - Save 10%
(2) IIED's NEW WEBSITE
* IIED's website has a 'new look' and publications database
State of the World 2006: CHINA, INDIA AND THE FUTURE OF THE WORLD
Discount price £13.49
Long established as the most authoritative and accessible annual guide
to our progress towards a sustainable future, State of the World is
relied upon by national governments, UN agencies, development workers
and law-makers for its authoritative and up-to-the-minute analysis and
information. It is essential for anyone concerned with building a
positive, global future.
The Worldwatch Institute in Washington DC is one of the world's leading
research centres for environmentally sustainable development.
What people have said about the book:
'The environmentalist's bible'
Times Higher Education Supplement
The Good Book Guide
Books and Book Series
AIDS and the Ecology of Poverty by
(Oxford University Press, 0195169271, hardback, 272 pages, $35.00
Why does AIDS policy ignore much of what is known about epidemics and
why they spread? HIV/AIDS flourishes where people are dying of myriad
other diseases that are almost unknown among affluent populations. AIDS
and the Ecology of Poverty draws on conventional epidemiology, which
recognizes that people who are malnourished, burdened with parasites and
infectious diseases, and who lack access to medical care are vulnerable
to other diseases, regardless of whether they are transmitted by air,
water, food, or sexual contact. HIV/AIDS is no exception. This book
delivers a telling critique of the behavioral explanation of epidemic
AIDS and the stereotypes that lie beneath it. It also shows how the
methodologies applied in recent epidemiology and health economics are
based on a one-risk-fits-all model that ignores the greater
vulnerability of poor people and gives rise to policies that are narrow,
shortsighted, and dead-end.
Eileen Stillwaggon combines the insights of economics and biology to
explain the epidemic spread of HIV/AIDS in poor populations in
developing and transition countries. Drawing on a wealth of scientific
evidence, the author demonstrates that the HIV/AIDS epidemic cannot be
stopped in isolation. She offers pragmatic solutions to economic,
social, and health problems that beset poor populations and contribute
to the spread of HIV/AIDS. The message of this book is optimistic
because the solutions to almost all of the co-factor conditions and
infections that promote HIV are already known, and the institutions that
make those solutions available to poor people already exist.
Interdisciplinary approach integrates economic analysis with biological
information to explain the causes of the AIDS epidemic
Only work to show that poverty directly increases vulnerability to HIV
transmission through malnutrition and parasite infection
Explains the differential spread of HIV in different world regions
Controversial: criticizes the behavioral assumptions of global AIDS
policy, most of the organizations that carry it out, and the
philosophical and empirical basis for that policy.
About the Author: Eileen Stillwaggon is Associate Professor of Economics
at Gettysburg College. She was educated at Georgetown, Cambridge, and
American Universities. Her research includes work in Tanzania, Zimbabwe,
South Africa, Argentina, Ecuador, Dominican Republic, Lithuania, and on
the Ute Reservation in Utah.
After the End of History: The
Curious Fate of American Materialism by ROBERT E. LANE
Vol. 6 in the Michigan Press Series,
Evolving Values for a Capitalist World Neva R.Goodwin, Series Editor
now for a 30% Discount from
Michigan Press: http://www.press.umich.edu/
E. Lane is one of the most prominent and distinguished critics of both
the human impact of market economies and economic theory, arguing from
much research that happiness is more likely to flow from companionship,
enjoyment of work, contribution to society, and the opportunity to
develop as a person, than from the pursuit of wealth and the
accumulation of material goods in market economies. This latest work
playfully personalizes the contrast through a dialogue between a
humanistic social scientist, Dessi, and a market economist, Adam. It is
all too rare to have the two sides talking to each other. Moreover, in
Lane’s witty and literate hands, it is an open-minded and balanced
conversation, in which neither side has all the answers.” (David O
Sears, Professor of Psychology and Political Science, UCLA)
“There is no one who
has read more widely or thought more deeply about the human condition in
modern times than Robert Lane. In this book he makes his discoveries
available in a delightful form to readers inside and outside of
academia. It is the sort of book that is bread and music to a bright
and eager mind – and that the friends and relatives of such people will
discover joyfully as the ideal Christmas gift.” (From the Forward by
Neva Goodwin, economist and co-director of the Global Development And
Environment Institute, Tufts Univer sity)
Robert Lane’s previous
publications include The Market Experience (1991) and The Loss of
Happiness in Market Democracies (2000).
Read more about the
Evolving Values for a Capitalist World series at:
Regional Monetary Policy
Carlos J. Rodriguez-Fuentes,
Publications date: November 2005
Extent: 304 pages
Abstract (from Routledge): With the final phase of the European Monetary
Union underway concern has been raised over the regional implications of
the European Central Bank's Monetary Policy. Departing from the standard
approach utilised by the ECB, this book provides a comprehensive
theoretical framework to explore the ways through which money and
monetary policy may affect regions.
Regional Monetary Policy examines the role that the banking system and
the liquidity preference of economic agents play in the transmission of
central banks monetary policy decisions to regions within a country or
countries within a currency union. This book utilises a unique framework
built upon the basic principles of the Post-Keynesian
monetary theory which enables the identification of a new way for money
and monetary policy to have a regional impact: the behavioural effect.
This book will prove essential reading for all students of economics and
politics as well as readers interested in the development of the
Carlos J. Rodríguez-Fuentes is 'Profesor Titular de Universidad' in the
Department of Applied Economics at the University of La Laguna, Canary
Book abstract (from Author): Regional Monetary Policy is about the
regional effects of monetary policy and was partially motivated by the
increasing attention that this topic is attracting in Europe over the
last decade or so. In January 1999, with the establishment of the third
and final stage of the European Monetary Union (EMU), some European
Union (EU) countries became regions within the euro area. This fact has
raised some concerns over the regional implications of the European
Central Bank (ECB) monetary policy and there is accordingly an
increasing number of contributions addressing this issue.
This book aims to contribute to this debate by presenting a theoretical
framework that explores the ways through which money and monetary policy
may affect regions. Our analysis emphasizes the role that the banking
system and the liquidity preference of economic agents (including banks)
play in the transmission of central banks monetary policy decisions to
regions within a country, or countries within a currency union.
One peculiarity of this framework, which is built on the basic
principles of the Post-Keynesian monetary theory, is that it broadens
the scope of the analysis of the regional effects of monetary policy by
taking into account the underlying factors determining regional credit
availability: the stage of banking development and the liquidity
preference of financial agents (including the banking system). The
consideration of these two variables allows us to identify a new way for
money and monetary policy to have a regional
impact: the behavioral effect. Our analysis specifically suggests that
monetary policy affects regional credit availability through its
influence on bank's and borrowers liquidity preference and that regional
differences in terms of banking development and liquidity preference may
produce higher instability in credit availability in less developed
regions. One of the consequences of the framework presented in this book
is that the proper analysis of the regional impact of monetary policy
should explicitly take into account the spatial differences in terms of
banking development and liquidity preference, as well as the influence
that monetary policy may have on such variables (the behavioral effect),
and not only the structural differences that might produce regional
asymmetric responses to exogenous monetary policy shocks (the structural
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Guardians of Power: The Myth of the Liberal
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Foreword by William Blum
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Series Editor: Richard McIntyre, University of Rhode Island
Routledge is currently seeking manuscripts for its distinguished
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review of each manuscript for possible inclusion in the series.
Recent titles in the series include:
Political Economy from Below: Economic Thought in Communitarian
Structuralism and Individualism in Economic Analysis: The "Contractionary
Devaluation Debate" in Development Economics
Encoding Capital: The Political Economy of the Human Genome Project
Miracle for Whom? Chilean Workers Under Free Trade
Market Sense: Toward a New Economics of Markets and Society
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Associations, Institutes, and Departments
Short Report on the Economic Departments Ranking Issue in Germany
We traditionally had departments'
rankings along the same lines, with a small group of four or five
departments being always on top of the line for many years. These were
faculties publishing highly formalized, neoclassical equilibrium-style
material in the 8, 20 or 30 top mainstream journals (the EEA used to
rely on the top-8 selection!).
Notably, the quasi-official German Bertelsmann Corporation subsidiary
CHE (Center for University Development), a quasi-privatization of
university policies in the German states and responsible for the
official rankings in Germany, has changed its ranking procedure four
years ago to take in publications listed in the three major literature
files in Germany. The rankings in the area ‘research & publications’ now
include low and non-ranked journals, practical transfer oriented
articles, grey papers etc.
The CHE's cirticism of the traditional method was its inherent bias in
favor of a mini-group continuously reproducing itself. Obviously, a
criticism against mainstream economics shared by major interests among
the top corporations!
What happened after they had reconfigured their ranking methods was
surprising: some of the younger, smaller and even largely heterodox
faculties such as Bremen ranked at the top now. Of course, there have
been immediate and major attacks against this result and underlying
method from the top mainstream advocates with discussions in the German
But CHE has stuck to its new method so far. As a compromise it offers
both methods now, the traditional one with a journal base of 30
top-ranked journals, and the broader, practical and transfer-oriented
publications data base. While the first continues to confirm the four
top mainstream departments, the new broader based ranking sees the major
German heterodox faculty, Bremen, at rank two (!!!) for four years in a
row now (the latest ranking with Bremen at no. 2 just came out in
Bremen is careful not to overstress the results but to take this as a
support to put the traditional ranking methods into question, querying
its self-reproducing effect for a tiny group of alleged flagships of the
A nice discussion is currently going on now with the traditional
"underdog" Bremen continuously at no. 2 of a ranking. It will be
interesting to see whether the CHE will drop their new method.
Prof. Wolfram Elsner
University of Bremen
Faculty of Economics and Business Studies
Department of Economics
Industrial and Regional Research
and Economic Policy Group
iiso - Institute for Institutional and Social-Economics
Queries from Heterodox Economists
I would welcome thoughts on my paper "From
Useful Idiocy to Activism - towards a Marxist interpretation of computer
http://www.dustormagic.net/Idiocy.html ... or the official pdf
This was a first and quite hurried attempt to pull together a lot of
threads. I want to start major work on this in the coming year, events
permitting, so this would be a very good time to have your feedback.
Dr C.L. Richardson
I'm creating a group email address list of everyone who <might> be
interested in following my Tayside Economy Simulation Model research
project as it progresses.
This post-Keynesian TESM Project was dead in the water for want of
resources but now, thankfully, it has been resurrected.
I've taken a scattergun approach to building the group email address
list, so not all of you will be interested. If you'd like your name
removed, please let me know by simply
hitting "Reply" and sending me a blank email. Although the eventual
Sectors Module will integrate the micro- and macro-economic equations
and identities, I've been advised to start with a small macro model of
the Tayside regional economy.
You'll find my first stab at this task in the five-page attached MS-Word
file, together with more information on the TESM Project. Comments and
criticisms would be gratefully received. All will be carefully
considered and replied to.
Dr C.L. Richardson
Scottish Economic Research
Room 2010, Old College
University of Abertay
DUNDEE DD1 1HG
Tel (01382) 308-706
Fax (01382) 308-400
For detailed information:
For Your Information
New Websites for the
Economists Papers Project at the Rare Book, Manuscript, and Special
Collections Library at Duke University
Paolo Sylos Labini
I am writing to give you the sad news that Paolo Sylos Labini passed
away yesterday in Rome, after a short illness.
I am sure you remember him as a great economist, a fighter of many
causes and a kind and generous person.
With kind regards,
Prof. Maria Cristina Marcuzzo
Direttore del Dipartimento di Scienze Economiche
Paolo Sylos Labini: un economista eretico?
La notizia della morte di Paolo Sylos Labini non può che rattristare
tutti coloro che ne apprezzavano le capacità teoriche, scientifiche,
espositive e la grandissima verve polemica, negli ultimi anni rivolta
particolarmente contro Berlusconi (si veda ad esempio l'interessante e
per certi aspetti divertente, "Un paese a civiltà limitata",
libro-intervista pubblicato nel 2001 per i tipi di Laterza).
Del resto sono ancora oggi molto importanti i suoi studi sulle tendenze
oligopolistiche del capitalismo, sui rapporti tra sviluppo e progresso
tecnico, sui ceti medi; volumi ricchi di osservazioni interessanti e di
senso storico e sociologico. Si può ritenere che Sylos Labini sia stato
dopo Pareto il primo economista italiano a occuparsi seriamente dell'
evoluzione delle classi medie.
Quel che però non convince, e basta dare un'occhiata ai "coccodrilli"
apparsi ieri sui giornali, è la pretesa di considerarlo un eretico. Su
questo giudizio non si può essere d'accordo. Perché?
In primo luogo, Sylos Labini fu allievo negli Stati Uniti di Schumpeter,
grande e tragico profeta (ma anche apologeta) del capitalismo.
Un'esperienza che lasciò su di lui segni indelebili. Infatti, fin dai
primi suoi lavori (cfr. la voce "investimenti", nel "Dizionario di
economia" a cura di Napoleoni - 1956, pp. 765-793), Sylos Labini, sulla
scia di Schumpeter, non si è mai stancato di ripetere che il capitalismo,
pur con le sue manchevolezze (burocratizzazioni, oligopoli, rendite
parassitarie) resta sempre il migliore dei mondi possibili: l'unico
scenario economico capace di favorire gli investimenti e dunque di
promuovere lo sviluppo umano nella democrazia.
In secondo luogo, anche l'importanza che nella sua opera ha assunto
l'innovazione teconologica "creatrice" in rapporto allo sviluppo non
solo sociale ma produttivo, testimonia quanto l'interpretazione
schumpeteriana del capitalismo, come forza creatrice e distruttrice al
tempo stesso, abbia pesato sullo sviluppo del suo pensiero.
In terzo luogo, il problema dell' innovazione resta in lui legato, come
del resto anche in Schumpeter, a quello della funzione imprenditoriale.
Di qui la sua critica alle forme di imprenditoria semipubblica,
parassitarie e nemiche delle regole di mercato, che secondo l'economista
italiano, sono splendidamente illustrate, e per sempre racchiuse, nella
"Ricchezza delle Nazioni" di Adam Smith.
In quarto luogo, il rapporto Sylos Labini-Marx è piuttosto controverso.
L'economista italiano ne sempre ammirato più la sociologia che
l'economia (il collegamento tra economia capitalista e classi sociali),
ma di Marx non ha mai condiviso due tesi: quella sulla caduta del saggio
di profitto e quella sull' impoverimento bipolare delle classi sociali.
Ora, proprio per queste ragioni (sostanzialmente: il muoversi
teoricamente all'interno della visione schumpeteriana del capitalismo),
Paolo Sylos Labini non può essere considerato un eretico. O comunque non
nel senso che oggi viene dato a questo termine. Detto in breve Sylos
Labini è per la "crescita" e non per la "decrescita". Tutta la sua opera
è un elogio dell' innovazione produttiva e dello sviluppo economico
indefinto, come solo strumento per redistribuire la ricchezza.
Questo spiega, ma è solo una curiosità, perché la bibbia dell'economia
eterodossa il "Biographical Dictionary of Dissenting Economists" (Elgar
1992, 2000 www.e-elgar.com) non gli abbia dedicato alcuna voce.
Dispiace ma è così.
By Carlo Gambescia
On behalf of ESHET, I send an obituary of Paolo Sylos Labini, elected as
Honorary Member of the society. Daniele Besomi
Paolo Sylos Labini passed away on December 7th, 2005, aged 85. Emeritus
Professor at the University La Sapienza (Rome) and one of the most
eminent economists in the world, he was known for his seminal theory of
oligopoly and many other contributions. His book Oligopolio e progresso
tecnico (1956) is a milestone in the history of economics. He has left
us many important studies about economic development and its
determinants, nearly all of them translated into English. His last book,
published a few months ago, goes back to his preferred theme of
development and technical progress and to his preferred approach: the
history of economics as a way to understand present problems. Its title
is: Torniamo ai classici. Produttivite del lavoro, progresso tecnico e
sviluppo economico, Roma-Bari: Laterza, 2005 (Let's go back to the
Classics. Labour productivity, technical progress and economic
After graduation, Sylos Labini studied at Harvard, with Joseph
Schumpeter, and in Cambridge (UK); he was member of some of the most
prestigious academies and scientific associations, in Italy (among which
the Accademia dei Lincei ) and in the world (among which the American
Economic Association). He also was awarded many prestigious scientific
prizes, and was repeatedly called to advise the Italian government and
other policy institutions.
At the last ESHET Conference, in Stirling, the Council awarded him the
title of Honorary Member, with the following motivation:"Sylos Labini is
an eminent scholar of economics always interested in the history of
economics. His studies on oligopolistic markets, on development and
underdevelopment, and on social classes cannot be really detached from
his interests in the Classical school, in the value theory, in the
economics of underdevelopment and especially in Adam Smithï¿½s thought.
Beside giving us a deep insight in these problems, Sylos Labini has
thought us a scientific approach free from ideologies, independent but
also socially engaged."
When I officially informed him of the award, his reaction was:"I am
really pleased about this title of Honorary Member of ESHET. Please
convey to the Council and the Executive Committee my feelings of real
happiness. It will be a great pleasure for me to attend the Dinner in
Porto, provided that I am still around!" (my translation from Italian).
Probably he felt his end near, but hinted at it with much sobriety. He
was disenchanted with human nature and social injustice, and
nevertheless passionately fought for social development and justice at a
scientific and a civic level. In times dominated by ideologies, even in
economics, he stood for an empirical approach, looking for rational ways
to promote economic development and defending the often neglected role
of technical progress. He did not like grand theories about human
nature. He preferred to "measure" factors of production and cultural
attitudes, without losing sight of the social and moral values. This is
how he repeatedly approached issues like social classes in Italy,
underdevelopment, industrial relations and the development of Southern
The language of his research was simple and straightforward; the
concepts were neat and clear, free from any rhetoric. Thanks to his
disinterested commitment to science and to society, Paolo Sylos Labini
was exceptionally able to stir human sympathy. His life is a remarkable
example of how scientific engagement and civic commitment can be
combined without prejudicing their reciprocal independence.
Joel Baxter Dirlam
On December 1, 2005 Joel Baxter Dirlam died. For those of you who know
your heterodox pricing theory, Dirlam was one of the authors of the
well-known Kaplan, Dirlam, and Lanzillotti, Pricing in Big Business: A
Case Approach (1958). Although dated a bit, the book is still cited by
those few heterodox economists that work in the area of pricing/micro
Harry Magdoff, 1913-2006
Harry Magdoff, co-editor of Monthly Review since 1969 and one of the
world's leading political economists, died on New Year's Day, 2006 at
his home in Vermont. He kept the journal to the socialist principles and
theoretical and pedagogical standards of its late founders, Paul M.
Sweezy, who died in February 2004, and Leo Huberman.
A capsule biography from MR, May 1999, by Christopher Phelps:
The twentieth anniversary issue of Monthly Review in May 1969 carried
the announcement that Harry Magdoff - the independent economist - had
officially joined Paul Sweezy as co-editor, replacing Leo Huberman, who
had died in 1968.
Born in 1913 in the Bronx, son of a house painter, Magdoff attended the
City College of New York where he became a member of the Social Problems
Club and editor of Frontiers, the club's monthly periodical. In 1932, he
traveled to Chicago to attend the founding conventions of the National
Students League and the Youth League Against War and Fascism.
On that trip, he married fellow New York student Beatrice Greizer
(familiarly known as Beadie, to whom he has been married ever since). He
was editor of the NSL's national publication Student Review in
After being expelled from City College for his activism, he attended New
York University, receiving a B.S. in economics in 1936.
He accepted a position in Philadelphia with the Works Progress
Administration's national research project, for which he conducted
studies of the labor force, unemployment, industrial capacity, and
productivity. In 1940, he moved to Washington, D.C., to take charge of
the civilian requirements division of the National Defense Advisory
After U.S. entry into the Second World War in 1941, he served with the
War Production Board. Near the end of the war, he was the chief
economist in charge of the Current Business Analysis Division at the
Department of Commerce, where he oversaw the Survey of Current Business.
He spent his final years in government as special assistant to Secretary
of Commerce Henry Wallace.
In 1948, he was summoned before the House Committee on Un-American
Activities. Unemployed, he returned to New York, where he took various
jobs, sometimes anonymously, in financial analysis and insurance before
joining the staff of Russell & Russell, a publisher of scholarly out-of-
print books, between 1959 and 1965.
Magdoff returned to the fore as a public Marxist intellectual with
"Problems of United States Capitalism," an essay in The Socialist
Register 1965, edited by Ralph Miliband and John Saville (London:
Merlin Press). Widely recognized for his economic analysis of
imperialism, Magdoff is author of The Age of Imperialism (1969) and
Imperialism: From the Colonial Age to the Present (1977), and co-author
with Paul Sweezy of The Dynamics of U.S. Capitalism (1970), The End of
Prosperity (1977), The Deepening Crisis of U.S. Capitalism (1980),
Stagnation and the Financial Explosion (1987), and The Irreversible
Crisis (1988), all from Monthly Review Press.
Rudolf Meidner, 1914 - 2005: A
By ROBIN BLACKBURN
Rudolf Meidner, chief economist of the LO, Sweden's largest trade union
federation, and an immensely practical socialist visionary, died in
December. If Meidner had not been a Swedish citizen, and still a
controversial figure at the age of 91, he would very likely have been
awarded the Nobel Prize for economics. Meidner was, after all, the
co-architect -- with Gosta Rehn -- of the Swedish welfare state, an
achievement which, by itself, would have merited such a nomination.
Those responsible for this prize tend to prefer theory to policy but it
should be clear to everyone that the Rehn/Meidner model was based on its
own distinctive theoretical insights and that policy-oriented economics
is anyway deserving of recognition.
Building on Keynes and James Meade, the two men understood that welfare
and corporate finance needed to be thought through together if high
employment levels were to be maintained and inflation avoided.
Remarkably enough, their model did for long succeed in delivering on
both fronts -- something which, sadly, cannot be said about other
European welfare states, where monetary stability was achieved at the
expense of a long and debilitating toleration of high levels of
unemployment, with younger workers, older workers and ethnic minorities
the worst affected.
From the time of the introduction of the second pension system, the ATP,
in 1959 the 'Swedish home' could accumulate a trust fund so that in
future asset income as well as current taxes could be drawn on to pay
ATP entitlements. Continental European pension systems were more purely
reliant on pay-as-you-go. The famous wage-bargaining round was another
device which Rehn and Meidner integrated into their model, helping it to
avoid the twin perils of hyperinflation and persistent, high
joblessness. Meidner's position as the chief economist of the LO, the
main trade union federation, must have been important in promoting a
species of solidaristic wage-bargaining in which the fruits of
productivity advances were widely shared. In recent years the
Netherlands has had good results with a similar approach.
Another crucial mechanism for maintaining macro-economic balance in the
Rehn/Meidner model was the investment reserve. Whereas Anglo-Saxon
companies are encouraged to take 'contribution holidays' -- and put
nothing into their pension and health-care funds during upswings of the
business cycle -- Swedish corporations were encouraged to stow operating
profits in special tax-exempt reserves. More generally the Swedish
welfare state guaranteed secondary pensions and health care to all
citizens, instead of offering private corporations tax incentives to
take on the task of supplying social insurance to their own workers. The
latter formula -- Anglo-Saxon style corporate welfare -- has proved to
be a trap for employees, depriving them of their promised benefits and
threatening their jobs as once-famous companies plunge into bankruptcy
and entire industries -- steel, airlines, auto and telecoms -- are
ravaged by the burden of pension and health entitlements. The corporate
pensions crunch destroys good jobs and their replacement by low-wage,
insecure service employment -- MacJobs-- is scant compensation.
I am aware that Sweden's welfare state and social market economy faced
its own near-collapse in the early 1990s and that the Rehn/Meidner model
did not emerge unscathed. This crisis was deemed to reflect badly on the
model though both Rehn and Meidner had stepped down long before, and
their advice had anyway not been heeded. Looking back over three or four
decades, there remains something very distinctive about the Swedish
achievement, something which owes much to the original model. Swedish
welfare remains comparatively generous and Swedish unemployment only a
little over a half of the core EU rate. Swedish parents have access to
better child-care, and Swedish women have better-paying and more
flexible jobs than are to be found in other advanced countries.
Meidner's achievement goes beyond his role, important as that was, in
helping to set up the 'Swedish home'. He saw that an ageing and learning
society would require social expenditure on a scale unprecedented in
peacetime (one could easily add such challenges as ecological
degradation and climate change). Meidner came to believe in the need to
establish strategic social funds -- 'wage-earner funds' - to be financed
by a share levy. The huge controversy which was provoked by this
proposal generated more heat than light.
The Social Democratic party leadership did not share Meidner's vision
and did a poor job of presenting it to the Swedish people. Meidner's
plan was very radical and they were not. With hindsight there were
aspects of the plan that needed adjustment but those made by the SAPD
went in the wrong direction. Having, as they saw it, burnt their
fingers, the Social Democratic leaders began to see Meidner as an
embarrassment, or as a relic of a by-gone age. He was consigned to the
shadows and no part of his thinking was more disdained than the
Yet financing pensions, research and education becomes increasingly
difficult throughout the OECD countries. Does it really make sense to
pay for public programmes only out of current tax revenues and not to
pre-fund them, or to introduce even the most modest tax on shareholding
wealth. It is a striking fact that while most governments are happy to
tax the homes people live in, they all refuse to have any direct levy on
share-holding wealth or to allow -- as Meidner boldly imagined -- social
funds to exercise control over the large corporations.
Increasingly, it seems, we live in a society like the French Ancièn
Regime before 1789. Then the wealth of the feudal aristocracy was
largely exempt from tax; now it is the holdings of the corporate
millionaires and billionaires that escape taxation. Other signs
reminiscent of the age of Louis XVI include the spirit of 'après nous le
deluge', the reliance on lotteries, and the emergence of modern variants
of 'tax farming' -- for example, laws which oblige citizens to pay their
taxes (pension contributions) to commercial fund managers rather than to
an accountable public body. But the taboo on effective taxation of
corporate wealth is the most crucial sign of the reign of privilege.
Rudolf Meidner's share levy, unlike so many modern taxes, was
extraordinarily difficult to evade. On the other hand it was not at all
punitive. Unlike traditional corporate taxation, it did not subtract
from the cash-flow or resources which the enterprise needed for
investment. It diluted shareholder wealth without weakening the
corporation as a productive concern. According to the original plan
every company with more than fifty employees was obliged to issue new
shares every year equivalent to 20 per cent of its profits. The newly
issued shares -- which could not be sold -- were to be given to the
network of 'wage earner funds', representing workplaces and local
authorities. The latter would hold the shares, and reinvest the income
they yielded from dividends, in order to finance future social
expenditure. As the wage earner funds grew they would be able to play an
increasing part in directing policy in the corporations which they
The idea that workers ands citizens should tame the corporations by
establishing control of financial instruments was an echo of ideas that
Meidner imbibed in his youth from the debates of German and Austrian
Marxian economists like Rudolf Hilferding and Karl Polanyi.
For Meidner was not born in Sweden but arrived there as a refugee in
Meidner's visionary scheme was warmly welcomed by many trade unions and
by members of the Social Democratic party but strongly opposed by the
press and by the '20 families' who then dominated the country's large
corporations. It was adopted by the LO in 1976 and, much more
cautiously, by the Social Democrats a couple of years later.
Opponents of the scheme, claimed that it would aggrandize the trade
unions who would dominate the 'wage-earner funds'. It was also alleged
that the scheme unfairly favoured employees in the private sector since
they were to be the first to receive shares from the levy. Scare
campaigns persuaded the governing Social Democratic not simply to reduce
the size of the levy -- 10 per cent of profits would have been a
perfectly good starting point -- but to abandon the principle of the
levy itself. Likewise they did not improve the funds' accountability but
instead prevented them from having any say in corporate policy. By
1992 even the scaled-down social funds owned 7 per cent of the Swedish
stock market but, to prevent them getting any larger, were wound up by
the Conservatives in 1992 and the proceeds used to finance a string of
scientific research institutes. So Meidner's plan has yet to be properly
tried, though even in its diluted form the social funds helped to propel
Sweden to the forefront of the knowledge-based economy.
Rudolph Meidner, as a radical social democrat, an egalitarian and an
organic intellectual of the labour movement was committed to a 'third
way' that was actually the antithesis of the doctrine of that name
subsequently espoused by Tony Blair. Were Blair is vague and rhetorical,
Meidner was precise and institutionally specific. Where Blair encourages
the privatization and commodification of everything, Meidner was
dedicated to the 'de-commodification' of welfare, education and
research. And his proposal for a network of regional funds broke with
the traditional socialist practice of concentrating more power in the
It is now a long time since governments of the Left have dared to tried
to tame the corporations and ask whether the owners of the large
corporations might be obliged to contribute more to the wider society,
without which their own profits would be impossible. The most
far-sighted attempt to think through the types of new finance that would
be needed to guarantee generous social provision remains that of Rudolf
Meidner and this will be his legacy to the 21st century.
Robin Blackburn is Visiting Distinguished Professor at the New School
for Social Resaerch in New York and professor of sociology at the
University of Essex, UK. He is the author of Banking on Death: the
History and Future of Pensions
List of Scientists and Citizens
Calling for a Steady State Economy Reaches 1,000
• List maintained by the Center for the Advancement of the Steady State
Economy, Arlington, VA • Signatories include renowned scientists and
economists • Signatures supplemented by endorsements and professional
society position statements
Arlington, VA (November 30, 2005) – The one thousandth signature was
obtained today on an internet petition maintained by the Center for the
Advancement of the Steady State Economy, or “CASSE.” The CASSE petition
explains what economic growth is, identifies the major threats posed by
economic growth, and calls for the establishment of a steady state
economy before the American and global economies exceed the capacity of
the environment to support them. A steady state economy, the petition
explains, is achieved when population and consumption are stabilized.
Eventually, the petition states, the American government should lead
other nations to develop their own steady state economies.
The signature list includes prominent scientists such as Wes Jackson,
James Karr, and Reed Noss, as well as leading resource economists such
as John Loomis, Tom Power, and John Ikerd. William Rees and Mathis
Wackernagel, developers of the “ecological footprint” concept, have
organization presidents and past presidents have signed as well,
including Brent Blackwelder (Friends of the Earth), Rod Heitschmidt
(Society for Range Management), and John Proops (International Society
for Ecological Economics).
Doug LaFollette, Wisconsin Secretary of State, is one of several
politicians who have signed. Herman Daly - one of the founders of
ecological economics - serves on the CASSE Board of Advisors, helped
craft the CASSE position, and was one of the first signatories.
Brian Czech, President of CASSE, says CASSE’s “number one goal is to
educate citizens and policy makers of the fundamental conflict between
economic growth and environmental protection, economic sustainability,
national security and international stability.” The petition, found at
www.steadystate.org, is one of CASSE’s primary educational tools.
In addition to its signature list, CASSE has a list of endorsements from
conservation organizations, and works with professional natural
resources societies, such as the Ecological Society of America, to
develop their own positions on economic growth. According to Shannon
Pederson, CASSE Public Relations Director, “natural resources
professionals will have to take a stance on economic growth. Otherwise,
economic policy is left entirely to economists, corporations, and
politicians, all of whom seek to maximize economic growth without
understanding the perils.”
Campaign for Sustainable Economics
Indianapolis, IN USA