The Elgar Companion to Social Economics, Second Edition

2nd edition

9781783478538 Edward Elgar Publishing

Edited by John B. Davis, Professor of Economics, Marquette University, US and Wilfred Dolfsma, Professor of Business Management & Organization, Wageningen University & Research, the Netherlands

Publication Date: July 2015 ISBN: 978 1 78347 853 8 Extent: 776 pp

Social economics is a dynamic and growing field that emphasizes the key roles social values play in the economy and economic life. This second edition of the Elgar Companion to Social Economics revises all chapters from the first edition, and adds important new chapters to reflect the expansion and development of social economics. The expert contributions explain a wide range of recent developments across different subject areas and topics in the field, mapping out possible directions of future social economic research. Social economics treats the economy and economics as embedded in a web of social and ethical relationships. It considers economics and ethics as essentially connected, and adds values such as justice, fairness, dignity, well-being, freedom, and equality to the standard emphasis on efficiency. This book will be a leading resource and guide to social economics for many years to come.

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Critical Acclaim

Contributors

Contents

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This comprehensive second edition of The Elgar Companion to Social Economics presents an overview of a dynamic and growing field in economics that emphasizes the key role that values play in the economy and in economic life. Social economics treats the economy and economics as being embedded in the larger web of social and ethical relationships. It also regards economics and ethics as essentially connected, and adds values such as justice, fairness, dignity, well-being, freedom and equality to the standard emphasis on efficiency.

Leading contributors in the field elucidate a wide range of recent developments across different subject areas and topics. Contributors map the likely trends and directions of future research, making this second edition of the Companion a leading reference source and guide to social economics for many years to come.

Providing concise discussion and an indication of what to expect in future decades, this interdisciplinary Companion will be of great interest to students and academics of social economics and socio-economics, as well as institutional, evolutionary and heterodox economics. It will also appeal to management scholars and those concerned with business ethics.

Critical Acclaim

Acclaim for the first edition

‘This volume will be of great interest to economists writing in the heterodox tradition and/or to mainstream economists seeking a richer analysis of socioeconomic relationships. Highly recommended.’
– Q.M. Duroy, Choice

Contributors

Contributors: R. Aalbers, M. Altman, D.B. Audretsch, P. Bardhan, P.D. Bush, J. C. Caldas, D. Campbell, M.D. Carr, L.F. Carvalho, M.M. Coşgel, F.A. Cowell, C. Dannreuther, J.B. Davis, A. Deshpande, G. DeMartino, W. Dolfsma, S.C. Dow, W.M. Dugger, Z. Emami, D.M. Figart, D. George, I. Grabel, S.P. Hargreaves Heap, G.M. Hodgson, M. Keilbach, O. Kessler, S. Kesting, M. Klaes, A. Kleinknecht, E. Kuiper, H. Lopes, C. Lutz, A. Mayhew, B. McMaster, A. Mehmood, P. Mellizo, F. Moulaert, E. Mutari, P.A. O''Hara, J. Paavola, M. Power, I. Ray, J. Rodrigues, I. Røpke, H. Schenk, N. Sirven, M.A. Starr, G. van der Velde, I. van Staveren, J. Vail, M.D. White, L.R. Wray

Contents

Contents:

Introduction John B. Davis and Wilfred Dolfsma

PART I SOCIAL CONCERNS IN ECONOMICS
1. Environment and Sustainability
Jouni Paavola and Inge Røpke

2. Institutions, Culture and Values
Anne Mayhew

3. Insecurity
John Vail

4. Contesting the ‘Globalization Thesis’: An Ethical Imperative
George DeMartino

5. Teaching and Learning in Economics
Zohreh Emami

PART II THE SOCIALLY EMBEDDED INDIVIDUAL
6. Individual, Preferences and Decision-Making
Shaun P. Hargreaves Heap

7. The Conception of the Socially Embedded Individual
John B. Davis

8. The Social Dimension of Internal Conflict
David George

9. The Socio-economics of Consumption: Solutions to the Problems of Interest, Knowledge, and Identity
Metin M. Coşgel

PART III INDIVIDUAL IN CONTEXT
10. Capabilities and Well-being
Irene van Staveren

11. Culture, Values and Institutions
Paul D. Bush

12. Caste and Diversity in India
Ashwini Deshpande

13. Feminism and/in Economics
Edith Kuiper

PART IV GROWTH AND (IN-)EQUALITY
14. Income Distribution and Inequality
Frank A. Cowell

15. The Social Economics of Growth and Inequality
Morris Altman

PART V SOCIALLY EMBEDDED EXCHANGE: MARKETS
16. Markets
Geoffrey M. Hodgson

17. Are Markets Everywhere? Understanding Contemporary Processes of Commodification
Luis Francisco Carvalho and João Rodrigues

18. Social Provisioning Through Work
Deborah M. Figart and Ellen Mutari

19. Social Provisioning
Marilyn Power

PART VI SOCIALLY EMBEDDED EXCHANGE: FIRMS
20. The Cement of the Firm: Command, Separation or Association?
Helena Lopes and José Castro Caldas

21. Knowledge Spillover Entrepreneurship and Innovation in Large and Small Firms
David B. Audretsch and Max Keilbach

22. Firms, Managers and Restructuring: Implications of a Social Economics View
Hans Schenk

23. Community-oriented Versus Market-oriented Cooperative Organizationsin Developing Countries: Is Open Membership an Indicator for Success or Failure?
Clemans Lutz

24. Workplace Democracy: Current State and Future Directions of the Literature
Michael D. Carr and Philip Mellizo

PART VII SOCIAL RELATIONS IN THE ECONOMY
25. Social Capital: A Critique and Extension
Nicolas Sirven

26. Organizations as Social Networks
Rick Aalbers and Wilfred Dolfsma

27. Communication in the Economy - The Example of Innovation
Stefan Kesting

28. Methodological Approaches in Economics and Anthropology
Pranab Bardhan and Isha Ray

PART VIII FINANCE, MONEY AND POLICY
29. Saving, The Stock-market and Pension Systems
Martha A. Starr

30. Monetary Policy
Sheila C. Dow

31. Banking, Finance and Money: a Socio-economics Approach
L. Randall Wray

32. Finance, Development and Social Economics in View of the Global Crisis
Ilene Grabel

PART IX THE STATE
33. Welfare State and Privatization
Bob McMaster

34. The States of Social Economics
Charlie Dannreuther and Oliver Kessler

PART X LAW AND THE ECONOMY
35. Law and Social Economics: A Coasean Perspective
David Campbell and Matthias Klaes

36. Securing an Ethical Foundation for Law and Social Economics
Mark D. White

PART XI THE LONG VIEW
37. Technology and Long Waves in Economic Growth
Alfred Kleinknecht and Gerben van der Velde

38. Analysing Regional Development: From Territorial Innovation to Path Dependent Geography
Frank Moulaert and Abid Mehmood

39. Radical Institutionalism
William M. Dugger

40. Exploitation and Surplus
Philip Anthony O''Hara

Index