The Experts below are selected from a list of 167040 Experts worldwide ranked by ideXlab platform
Robert Gibbons - One of the best experts on this subject based on the ideXlab platform.
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inside organizations pricing politics and path dependence
Research Papers in Economics, 2010Co-Authors: Robert GibbonsAbstract:When Economists have considered organizations, much attention has focused on the boundary of the firm, rather than its internal structures and processes. In contrast, this review sketches three approaches to the economic theory of internal organization—one substantially developed, another rapidly emerging, and a third on the horizon. The first approach (pricing) applies Pigou's prescription: If markets get prices wrong, then the economist's job is to fix the prices. The second approach (politics) considers environments where important actions inside organizations simply cannot be priced, so power and control become central. Finally, the third approach (path dependence) complements the first two by shifting attention from the between variance to the within. That is, rather than asking how organizations confronting different circumstances should choose different structures and processes, the focus here is on how path dependence can cause persistent performance differences among seemingly similar enterprises.(This abstract was borrowed from another version of this item.)
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inside organizations pricing politics and path dependence
Annual Review of Economics, 2010Co-Authors: Robert GibbonsAbstract:When Economists have considered organizations, much attention has focused on the boundary of the firm, rather than its internal structures and processes. In contrast, this review sketches three approaches to the economic theory of internal organization—one substantially developed, another rapidly emerging, and a third on the horizon. The first approach (pricing) applies Pigou's prescription: If markets get prices wrong, then the economist's job is to fix the prices. The second approach (politics) considers environments where important actions inside organizations simply cannot be priced, so power and control become central. Finally, the third approach (path dependence) complements the first two by shifting attention from the between variance to the within. That is, rather than asking how organizations confronting different circumstances should choose different structures and processes, the focus here is on how path dependence can cause persistent performance differences among seemingly similar enterprises.
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inside organizations pricing politics and path dependence
Social Science Research Network, 2010Co-Authors: Robert GibbonsAbstract:When Economists have considered organizations, much attention has focused on the boundary of the firm, rather than its internal structures and processes. In contrast, this essay sketches three approaches to the economic theory of internal organization - one substantially developed, another rapidly emerging, and a third on the horizon. The first approach (pricing) applies Pigou’s prescription: if markets get prices wrong then the economist’s job is to fix the prices. The second approach (politics) considers environments where important actions inside organizations simply cannot be priced, so power and control become central. Finally, the third approach (path-dependence) complements the first two by shifting attention from the “between” variance to the “within.” That is, rather than ask how organizations confronting different circumstances should choose different structures and processes, the focus here is on how path-dependence can cause persistent performance differences among seemingly similar enterprises.
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what is economic sociology and should any Economists care
Journal of Economic Perspectives, 2005Co-Authors: Robert GibbonsAbstract:A couple years ago, two of my colleagues independently proposed approximately the same title for their respective contributions to a series of lunchtime talks: “Why Erving Goffman is My Hero (and Should be Yours, Too).” I emerged from these two lunches mightily impressed—both by Goffman’s (1959) insights into The Presentation of Self in Everyday Life and by the potential for Goffman’s micro-sociological research to inspire a major new research stream in behavioral game theory. In a similar spirit, I considered titling this introduction “Why Robert Merton is My Hero,” but this approach seemed prone to at least two problems. First, explaining hero worship in a short space would probably require poetry, which is not my forte. Second, I feared that the title would be opaque to those Economists who would immediately think of Robert C. Merton, the Nobel Laureate in financial economics, rather than his father Robert K. Merton, one of the great sociologists in the history of that discipline. I take the ideas in these papers and their underlying sociological literatures quite seriously. In fact, one sociologist friend recently declared that I have an “economist’s eye for the sociological guy.” More precisely, my interest is in economic sociology, which I will define as the sociology of economic actors and institutions; see the two Handbooks of Economic Sociology by Smelser and Swedberg (1994, forthcoming) for volumes of detail. In this introduction, I will highlight some of the prominent themes from economic sociology that are illustrated in these papers and suggest which kinds of Economists might find these themes interesting.
Hanswerner Sinn - One of the best experts on this subject based on the ideXlab platform.
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please bring me the new york times on the european roots of richard abel musgrave
International Tax and Public Finance, 2009Co-Authors: Hanswerner SinnAbstract:Richard Musgrave was one of 200 academic Economists who emigrated from Germany when Fascism came to dominate the country. This memorial lecture traces the German and European roots of Richard Musgrave’s oeuvre, trying to shed light on his family background as well as on the political and scientific factors that influenced his education as an economist. Particular emphasis is given to the development of his notion of public goods.
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please bring me the new york times on the european roots of richard abel musgrave
Social Science Research Network, 2007Co-Authors: Hanswerner SinnAbstract:Richard Musgrave was one of the around 200 academic Economists who emigrated from Germany when Fascism came to dominate the country. This memorial lecture traces the German and European roots of Richard Musgrave's oeuvre, trying to shed light on his family background as well as on the political and scientific factors that influenced his education as an economist. Particular emphasis is given to the development of his notion of public goods.
N. Stern - One of the best experts on this subject based on the ideXlab platform.
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the economics of climate change the stern review
2007Co-Authors: N. SternAbstract:There is now clear scientific evidence that emissions from economic activity, particularly the burning of fossil fuels for energy, are causing changes to the Earth´s climate. A sound understanding of the economics of climate change is needed in order to underpin an effective global response to this challenge. The Stern Review is an independent, rigourous and comprehensive analysis of the economic aspects of this crucial issue. It has been conducted by Sir Nicholas Stern, Head of the UK Government Economic Service, and a former Chief Economist of the World Bank. The Economics of Climate Change will be invaluable for all students of the economics and policy implications of climate change, and Economists, scientists and policy makers involved in all aspects of climate change.
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The Economics of Climate Change
Stern Review, 2006Co-Authors: N. SternAbstract:There is now clear scientific evidence that emissions from economic activity, particularly the burning of fossil fuels for energy, are causing changes to the Earths climate. A sound understanding of the economics of climate change is needed in order to underpin an effective global response to this challenge. The Stern Review is an independent, rigourous and comprehensive analysis of the economic aspects of this crucial issue. It has been conducted by Sir Nicholas Stern, Head of the UK Government Economic Service, and a former Chief Economist of the World Bank. The Economics of Climate Change will be invaluable for all students of the economics and policy implications of climate change, and Economists, scientists and policy makers involved in all aspects of climate change.
Daniel A Farber - One of the best experts on this subject based on the ideXlab platform.
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parody lost pragmatism regained the ironic history of the coase theorem
Virginia Law Review, 1997Co-Authors: Daniel A FarberAbstract:IN 1960, an expatriate English economist published an article titled The Problem of Social Cost.2 The crux of the argument is now universally known as the Coase Theorem by Economists and legal scholars. Coase's article became the foundation of the modern law and economics movement, and was one of the major contributions that won him the Nobel prize. The Coase Theorem also became a central target for critics who assailed the reductionism of economic theory and the imperialist designs of Economists on other disciplines. In other words, if anyone has ever established a revolutionary new paradigm in legal scholarship, that person is Ronald Coase. And if there is anything that can be described as the canon of "law and economics," the Coase Theorem is at the heart of it. The account in the preceding paragraph is a bit oversimplified but basically accurate. It is also somewhat ironic. For what be-
John M Gowdy - One of the best experts on this subject based on the ideXlab platform.
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mauro bonaiuti ed from bioeconomics to degrowth georgescu roegen s new economics in eight essays
Journal of Bioeconomics, 2016Co-Authors: John M GowdyAbstract:NicholasGeorgescu-Roegen (1906–1994) is considered to be one of themost profound Economists of the twentieth century. Paul Samuelson (1967, p. vii) referred to him as “a scholar’s scholar, an economist’s economist” andKenneth Boulding (1972, p. 1100) said in a review in Science of Georgescu’s best-known book The Entropy Law and the Economic Process, “if the right 500 people were to read it science perhaps would never be quite the same again.” Georgescu is not an easy read. He makes few concessions to his readers and still fewer when it comes to conceptualizing the relationships between physical reality, human institutions, and the economic process. The book under review, From Bioeconomics to Degrowth, reprints eight of Georgescu’s essays on bioeconomics, a “term intended tomake us bear inmind continuously the biological origin of the economic process and thus spotlight the problem of mankind’s existence with a limited store of accessible resources, unevenly located and unequally appropriated” (Georgescu-Roegen 1978, p. 103). Mauro Bonaiuti has done a masterful job not only in selecting eight of the most pertinent of hundreds of articles penned by Georgescu but also in framing them in two important essays at the beginning and the end of the book. Prof. Bonaiuti is a prominent figure in the “degrowth” (la decroissance) movement, an emergent school of economic/social/ecological thought centered in southern Europe and drawing its inspiration in part from Georgescu’s dis-
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bioeconomics and sustainability
Research Papers in Economics, 1999Co-Authors: Kozo Mayumi, John M GowdyAbstract:Nicholas Georgescu-Roegen was described by Paul Samuelson as ‘an economist’s economist’. This book honors him by discussing his theories on a wide range of issues but particularly on environmental and energy economics. It is a dynamic tribute which extends his work to address the problems the human race will face in the 21st century.
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bioeconomics and sustainability essays in honor of nicholas georgescu roegen
1999Co-Authors: Kozo Mayumi, John M GowdyAbstract:These essays are in honour of Nicholas Georgescu-Roegen, the economist's economist. His theories are discussed, with particular emphasis on environmental and energy economics.
