Journal of Economic Issues

1967 - 2025

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Volume 40, issue 4, 2006

Behind Malaysia’s “Miracle”: A Veblenian Perspective on Mahathir’s Era of Economic Modernization pp. 861-874

Choy Yee Keong

Institutions, Recessions and Recovery in the Transitional Economies pp. 875-894

Geoffrey Hodgson

The Two Transitions in Central and Eastern Europe as Processes of Institutional Transplantation pp. 895-918

Joachim Zweynert and Nils Goldschmidt

The More Things Change, the More They Stay the Same: Institutional Transfers Seen through the Lens of Reforms in Russia pp. 919-940

Anton Oleinik

Ex-Urban Sprawl as a Factor in Traffic Fatalities and EMS Response Times in the Southeastern United States pp. 941-953

Thomas Lambert and Peter B. Meyer

State Lotteries: Using State Power to Fleece the Poor pp. 955-966

Jon Wisman

Evolution of Macao’s Casino Industry from Monopoly to Oligopoly: Social and Economic Reconsideration pp. 967-990

Ricardo C.S. Siu

Economic Consequences of Conflict: The Rise of Iraq’s Informal Economy pp. 991-1007

Robert Looney

Cultural Lag: In the Tradition of Veblenian Economics pp. 1009-1028

Richard L. Brinkman and June E. Brinkman

Budget Constraints and Business Enterprise: A Veblenian Analysis pp. 1029-1044

Matthew C. Wilson

John R. Commons’ Successful Plan for Constitutional, Effective Labor Legislation pp. 1045-1067

Richard A. Gonce

Why Is Economics Not a Complex Systems Science? pp. 1069-1091

John Foster

Motives and Social Capital Consequence pp. 1093-1112

Jeffrey Jordan and Abdul B. A. Munasib

Activist Management: Henry S. Dennison’s Institutional Economics pp. 1113-1136

Kyle Bruce

Relating the Institutional Approach in Management Accounting to Institutional Economics: An Essay on Dual-mode Rationality pp. 1137-1151

Bernard H.J. Verstegen

Comment on Geoffrey M. Hodgson’s “What Are Institutions?” pp. 1153-1157

Matthew Wilson

Neo-Liberal Economic Policy: Critical Essays pp. 1159-1161

Christopher J. Niggle

The Consumer Trap: Big Business Marketing in American Life pp. 1162-1164

Robert Prasch

The Evolving Pension System: Trends, Effects, and Proposals for Reform pp. 1164-1166

Charles J. Whalen

Joan Robinson’s Economics: A Centennial Celebration pp. 1167-1168

James Ronald Stanfield

Policymaking for a Good Society: The Social Fabric Matrix Approach to Policy Analysis and Program Evaluation pp. 1168-1169

Jim Peach

The Evolution of Institutional Economics: Agency, Structure and Darwinism in American Institutionalism pp. 1169-1174

John Gowdy

Does Foreign Direct Investment Promote Development? pp. 1174-1176

W.H. Griffith

Technology, Institutions, and Economic Growth pp. 1177-1181

F. Gregory Hayden

Institutions, Industrial Upgrading, and Economic Performance in Japan: The ‘Flying Geese’ Paradigm of Catch-up Growth pp. 1181-1183

Jonathan E. Leightner

Capital and Collusion: The Political Logic of Global Economic Development pp. 1183-1185

Andrew J. Prelog

How Society Makes Itself pp. 1185-1187

Richard L. Brinkman

The Ethics and Economics of the Basic Income Guarantee pp. 1188-1190

William M. Dugger

Index Volume XL – 2006 pp. 1191-1197

The Editors

Volume 40, issue 3, 2006

Editor’s Note pp. vii-vii

Glen Atkinson

Cultural Species and Institutional Change in China pp. 539-574

Carsten Herrmann-Pillath

Self-Organization and Design in Capitalist Economies pp. 575-601

Igor Matutinović

The “Job-Loss” Recovery: Not New, Just Worse pp. 603-628

L. Josh Bivens and Christian E. Weller

Asset Price Instability and Policy Responses: The Legacy of Liberalization pp. 629-649

Stephen Bell and John Quiggin

Veblen’s Radical Theory of Social Evolution pp. 651-672

William M. Dugger

Varieties of Scientific System: From Veblen to the Postmoderns pp. 673-691

Robin Neill

An Intellectual History of Abundance Putting Abundance in Context pp. 693-706

Jim Peach and William M. Dugger

Technology Stability and Change: An Integrated Evolutionary Approach pp. 707-742

Javier Carrillo-Hermosilla and Gregory C. Unruh

An Institutional Critique of Recent Attempts to Measure Technological Capabilities across Countries pp. 743-766

Jeffrey James

Erring on the Side of Caution? The Heterogeneity of Public Perceptions of Biotechnology Applications in the European Union pp. 767-777

Joan Costa-Font, Elias Mossialos and Montserrat Costa-Font

Human Capital Attainment and Female Labor Force Participation—The Kerala Puzzle pp. 779-798

Aparna Mitra and Pooja Singh

Economic Forecasting Evaluation: Re-examination of the Track Record of Macroeconomic Forecasting pp. 799-807

Arshad A. Taseen

Can the Wall Street Journal’s Economic Forecasters Predict Turning Points? pp. 808-812

Mark R. Greer

Public Subsidies of Low-Wage Employment: The Case of Uncompensated Health Care pp. 813-824

C. Jeffrey Waddoups

Feeding the World: An Economic History of Agriculture, 1800–2000 pp. 825-827

Thomas R. De Gregori

The Long Emergency: Surviving the Converging Catastrophes of the Twenty-first Century pp. 827-830

Douglas Brown

The Ecological Economics of Consumption pp. 830-832

Bill Barnes

The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry pp. 832-834

Robert Prasch

Evolution and Economic Complexity pp. 834-836

Oleg V. Pavlov

Review of Theories of Financial Disturbance: An Examination of Critical Theories of Finance from Adam Smith to the Present Day pp. 836-838

L. Randall Wray

Adam Smith’s Moral Philosophy: A Historical and Contemporary Perspective on Markets, Law, Ethics, and Culture pp. 839-841

John Henry

A Guide to What’s Wrong with Economics pp. 841-843

Charles G. Leathers

Restoring Trust in American Business pp. 843-845

Daniel T. Ostas

Understanding Lewis Mumford: A Guide for the Perplexed pp. 845-846

Stewart Long

Der Geist des Kapitalismus und der Aufbau Ost (The Spirit of Capitalism and the Building up of the East) pp. 847-848

Helge Peukert

Democratizing Innovation pp. 848-850

Terrel Gallaway

Political Crises, Social Conflict and Economic Development: The Political Economy of the Andean Region pp. 850-853

Kenneth Jameson

Leviathans: Multinational Corporations and the New Global History pp. 853-855

John Groenewegen

Books Received pp. 857-859

The Editors

Volume 40, issue 2, 2006

The 2006 Veblen-Commons Award Recipient: James Ronald Stanfield pp. 247-248

Phil O’Hara

From DIE and NIE toward EE pp. 249-259

James Ronald Stanfield

Christian Morals and the Competitive System Revisited pp. 261-275

Charles M. A. Clark

The Evolution of National Innovation Systems pp. 277-285

John Groenewegen and Marianne van der Steen

Balancing Inertia, Innovation, and Imitation in Complex Environments pp. 287-295

Geoffrey Hodgson and Thorbjørn Knudsen

Collective Action, Institutionalism, and the Internet pp. 297-305

Robin Mansell

Infrastructure Deregulation and Privatization in Industrialized and Emerging Economies pp. 307-315

Harry M. Trebing and Sarah P. Voll

“Free Entry and Exit” from the Market: Simplifying or Substantive Assumption? pp. 317-323

Robert Prasch

Ex Post and Ex Ante Coordination: Principles of Coherence in Organizations and Markets pp. 325-332

David Carla

Innovation, the Missing Link in Latin American Countries pp. 343-357

Graciela Moguillansky

Analyzing and Arresting Uneven Development: Friedrich List and Gunnar Myrdal Compared pp. 359-367

P. Sai-wing Ho

Has Institutionalism Won the Development Debate? pp. 369-375

Kenneth Jameson

Managing Portfolio Flows pp. 377-385

Christian E. Weller and Radha Chaurushiya

Which Side Are You On? How Institutional Positions Affect Financial Analysts’ Incentives pp. 387-394

Sébastien Galanti

Modeling Interest Rate Parity: A System Dynamics Approach pp. 395-403

John Harvey

Evolutionary Keynesianism: A Synthesis of Institutionalist and Post Keynesian Macroeconomics pp. 405-412

Chris Niggle

An Institutionalist Perspective on the Future of the Capitalist World-Economy pp. 413-420

Emre Özçelik and Eyüp Özveren

Institutional Evolution of Environmental Management under Global Economic Growth pp. 421-429

J. Barkley Rosser and Marina V. Rosser

Instinct, Culture, and Cognitive Science pp. 431-438

William H. Redmond

Toward a Grand Union: The Banyan Tree of Knowledge pp. 439-448

Richard Brinkman and June Brinkman

How Do Embedded Agents Engage in Institutional Change? pp. 449-456

John Burns and Klaus Nielsen

Competition, Knowledge, and Institutions pp. 457-463

Wolfgang Kerber

What Happened to Boulding’s Evolutionary Economics? pp. 465-472

Robert Waters

Institutions and Norms in Institutional Economics and Sociology pp. 473-481

David Dequech

Agency and Mental Models in Heterodox Economics pp. 483-491

Mary V. Wrenn

Expanding the Dialogue between Institutional Economics and Contemporary Evolutionary Economics: Veblen’s Methodology as a Framework pp. 493-500

Olivier Brette

Kahneman, Tversky, and Institutional Economics pp. 501-506

Steven Pressman

The Economic Surplus, Disembedded Economy, and Nurturance Gap—The Contribution of James Ronald Stanfield to Political Economy pp. 507-516

Phillip Anthony O’Hara

The Circular and Cumulative Structure of Administered Pricing pp. 517-526

Mark Nichols, Oleg Pavlov and Michael J. Radzicki

The Inadequacy of Forrester System Dynamics Computer Programs for Institutional Principles of Hierarchy, Feedback, and Openness pp. 527-535

F. Gregory Hayden

In Memory pp. 537-538

William G. Shepherd

Volume 40, issue 1, 2006

What Are Institutions? pp. 1-25

Geoffrey Hodgson

Difficulties in Adopting Formal Water Trading Rules within Users’ Associations pp. 27-44

Javier Calatrava and Alberto Garrido

Of Transactions and Transaction Costs: Uncertainty, Policy, and the Process of law in the Thought of Commons and Williamson pp. 45-58

Thomas Kemp

The Political Economy of Laissez-Faire pp. 59-74

William Waller

An Economic Psychological Approach to Herd Behavior pp. 75-95

Laurens Rook

Colin Campbell on Thorstein Veblen on Conspicuous Consumption pp. 97-112

Rick Tilman

Vital Standard and Life Economy: The Economic Thought of Lewis Mumford pp. 113-133

Kenneth R. Stunkel

The Media, the News, and Democracy: Revisiting the Dewey-Lippman Debate pp. 135-152

Dell P. Champlin and Janet T. Knoedler

Psychological and Institutional Forces and the Determination of Exchange Rates pp. 153-170

John Harvey

Are Labor Unions Consistent with the Assumptions of Perfect Competition? pp. 171-181

Jack Reardon

Property Economics versus New Institutional Economics: Alternative Foundations of How to Trigger Economic Development pp. 183-208

Otto Steiger

Descent with Modification—Continuity and Change in Evolutionary Economics pp. 209-215

William H. Redmond

The Invisible Hand of U.S. Commercial Banking Reform: Private Action and Public Guarantees pp. 217-219

Sherry Davis Kasper

In Praise of Nepotism: A History of Family Enterprise from King David to George W. Bush pp. 219-221

Charles J. Whalen

Central Banking in the Modern World pp. 221-223

Eric Tymoigne

Social Science Knowledge and Economic Development: An Institutional Design Perspective pp. 224-226

Tade Okediji

The Distribution of Wealth pp. 226-228

Christopher Brown

Innovation–The Missing Dimension pp. 228-231

Fulvio Castellacci

When All Else Fails: Government as the Ultimate Risk Manager pp. 231-233

Thomas Kemp

Contemporary Post Keynesian Analysis pp. 233-235

Richard P. F. Holt

The New Ruthless Economy: Work and Power in the Digital Age pp. 235-237

Robert Prasch

Economic Nationalism in a Globalizing World pp. 237-239

Cecilia Ann Winters

Books Received pp. 241-246

The Editors