Pub Date : 2020-05-21DOI: 10.1177/0260107920913663
M. Murialdo, Arturo Cifuentes
We present a new economic theory of value based on complexity theory. For simplicity, we call this theory ‘complexalism’ (a portmanteau of ‘complexity’ and ‘capitalism’). Complexalism is a framework that establishes valuations by quantifying the present and future complexities of objects and their surroundings. This framework reparameterises questions of economic value into more objectively addressable subcomponents. First, we motivate the importance of developing alternative frameworks for value. Next, we discuss a novel three-dimensional framework to analyse value and the use of effective complexity as a proxy metric of economic value. Finally, we propose explicit methods for quantifying complexity and simulating valuations. The resulting valuations may serve to benchmark prices and can be used in evaluating the market rules of engagement. JEL: B41, B59, C63, D63
{"title":"Quantifying Value with Effective Complexity","authors":"M. Murialdo, Arturo Cifuentes","doi":"10.1177/0260107920913663","DOIUrl":"https://doi.org/10.1177/0260107920913663","url":null,"abstract":"We present a new economic theory of value based on complexity theory. For simplicity, we call this theory ‘complexalism’ (a portmanteau of ‘complexity’ and ‘capitalism’). Complexalism is a framework that establishes valuations by quantifying the present and future complexities of objects and their surroundings. This framework reparameterises questions of economic value into more objectively addressable subcomponents. First, we motivate the importance of developing alternative frameworks for value. Next, we discuss a novel three-dimensional framework to analyse value and the use of effective complexity as a proxy metric of economic value. Finally, we propose explicit methods for quantifying complexity and simulating valuations. The resulting valuations may serve to benchmark prices and can be used in evaluating the market rules of engagement. JEL: B41, B59, C63, D63","PeriodicalId":42664,"journal":{"name":"Journal of Interdisciplinary Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0260107920913663","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45004367","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-03-07DOI: 10.1177/0260107919897219
Luca Gandullia, E. Lezzi, Paolo Parciasepe, Lidia Siri
Individual structure of values explains many behaviours that people consciously undertake when setting goals for themselves, both in personal and social dimensions. Altruistic behaviours may be influenced, for example, by personal concerns for the well-being and interests of others that fit into a broader framework of values. We use an online experiment to explore how donors (pure altruists, warm-glow givers and impure altruists) differ in their structure of values, and whether their prosocial behaviours are guided by specific sets of values and motivations. We find that donors give great importance to the relationship with others, and they identify themselves with the norms and attitude of a community, responding to the values of tradition, conformity, benevolence and universalism. On the contrary, non-donors do not seem to have this kind of values reference and, therefore, are not inclined to make a donation. Furthermore, we find that impure altruists wish to achieve self-enhancement objectives through altruistic behaviour, as pure warm-glow givers do, but, at the same time, they make a donation because it represents a genuine altruistic act, similarly to pure altruists. JEL: H41, C90, C91
{"title":"Altruism and Structure of Values: An Experimental Investigation","authors":"Luca Gandullia, E. Lezzi, Paolo Parciasepe, Lidia Siri","doi":"10.1177/0260107919897219","DOIUrl":"https://doi.org/10.1177/0260107919897219","url":null,"abstract":"Individual structure of values explains many behaviours that people consciously undertake when setting goals for themselves, both in personal and social dimensions. Altruistic behaviours may be influenced, for example, by personal concerns for the well-being and interests of others that fit into a broader framework of values. We use an online experiment to explore how donors (pure altruists, warm-glow givers and impure altruists) differ in their structure of values, and whether their prosocial behaviours are guided by specific sets of values and motivations. We find that donors give great importance to the relationship with others, and they identify themselves with the norms and attitude of a community, responding to the values of tradition, conformity, benevolence and universalism. On the contrary, non-donors do not seem to have this kind of values reference and, therefore, are not inclined to make a donation. Furthermore, we find that impure altruists wish to achieve self-enhancement objectives through altruistic behaviour, as pure warm-glow givers do, but, at the same time, they make a donation because it represents a genuine altruistic act, similarly to pure altruists. JEL: H41, C90, C91","PeriodicalId":42664,"journal":{"name":"Journal of Interdisciplinary Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0260107919897219","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45733483","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-02-27DOI: 10.1177/0260107919896879
P. Blunt
Based on primary empirical evidence from six Asian countries at different stages of development, it is argued, first, that at the national point of delivery supply-side development assistance, organisations routinely behave in a manner that is antithetical to development, contradict their stated intentions and the principles of good governance that they claim to uphold (bureaucratic misrepresentation and anomie) and waste resources on technical ‘remedies’ that they know to be ineffective (bureaucratic misdirection); second, that these things are done to serve national and/or personal vested interests on the supply-side; third, that this can lead to internal conflict and alienation in supply-side organisations; fourth, that contrary to conventional wisdom, in many ways, supply-side behaviour mirrors the behaviour of vested interests on the demand-side and that they are mutually reinforcing; fifth, that Kafka’s notion of organisation explains such supply-side and demand-side behaviour much better than Weber’s does and sixth, that the dominance of neoliberal and Weberian thinking in our political and educational institutions and the Kafkaesque nature of development agencies at the national level make it likely that development in the interests of poor people by well-intentioned and well-informed technocrats will continue to be severely curtailed. JEL: F35, F51, F54, F55 O19, O57, P48
{"title":"Development Undone: Weber, Kafka and the Organisation of Supply-Side Vested Interests","authors":"P. Blunt","doi":"10.1177/0260107919896879","DOIUrl":"https://doi.org/10.1177/0260107919896879","url":null,"abstract":"Based on primary empirical evidence from six Asian countries at different stages of development, it is argued, first, that at the national point of delivery supply-side development assistance, organisations routinely behave in a manner that is antithetical to development, contradict their stated intentions and the principles of good governance that they claim to uphold (bureaucratic misrepresentation and anomie) and waste resources on technical ‘remedies’ that they know to be ineffective (bureaucratic misdirection); second, that these things are done to serve national and/or personal vested interests on the supply-side; third, that this can lead to internal conflict and alienation in supply-side organisations; fourth, that contrary to conventional wisdom, in many ways, supply-side behaviour mirrors the behaviour of vested interests on the demand-side and that they are mutually reinforcing; fifth, that Kafka’s notion of organisation explains such supply-side and demand-side behaviour much better than Weber’s does and sixth, that the dominance of neoliberal and Weberian thinking in our political and educational institutions and the Kafkaesque nature of development agencies at the national level make it likely that development in the interests of poor people by well-intentioned and well-informed technocrats will continue to be severely curtailed. JEL: F35, F51, F54, F55 O19, O57, P48","PeriodicalId":42664,"journal":{"name":"Journal of Interdisciplinary Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0260107919896879","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44066672","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-01-01DOI: 10.1177/0260107919875569
Hideki Esho
In this study, we recapitulate the economic policies/measures implemented by Narendra Modi in his first five-year term (2014–2019), referred to as ‘Modinomics’. It rests on two pillars, namely growth strategy and anti-poverty programmes, represented by the ‘Make in India’ and ‘JAM trinity’ initiatives, respectively. Further, we assess the economic performance achieved in his first term. Macro-economic indicators, such as economic growth and inflation rates, show satisfactory results; however, we do not find enough evidence of the main objective of ‘Make in India’ being fulfilled, which is ‘to make India a global hub of manufacturing, design, and innovation’. The continuation/aggravation of ‘jobless growth’ is concerning; thus, India should adapt export-oriented industrialization strategy to enhance the viability of ‘Make in India’ and create enough jobs opportunities. JEL: E24, E61, N15, N35, N65
{"title":"Modinomics 1.0 and the Indian Economy","authors":"Hideki Esho","doi":"10.1177/0260107919875569","DOIUrl":"https://doi.org/10.1177/0260107919875569","url":null,"abstract":"In this study, we recapitulate the economic policies/measures implemented by Narendra Modi in his first five-year term (2014–2019), referred to as ‘Modinomics’. It rests on two pillars, namely growth strategy and anti-poverty programmes, represented by the ‘Make in India’ and ‘JAM trinity’ initiatives, respectively. Further, we assess the economic performance achieved in his first term. Macro-economic indicators, such as economic growth and inflation rates, show satisfactory results; however, we do not find enough evidence of the main objective of ‘Make in India’ being fulfilled, which is ‘to make India a global hub of manufacturing, design, and innovation’. The continuation/aggravation of ‘jobless growth’ is concerning; thus, India should adapt export-oriented industrialization strategy to enhance the viability of ‘Make in India’ and create enough jobs opportunities. JEL: E24, E61, N15, N35, N65","PeriodicalId":42664,"journal":{"name":"Journal of Interdisciplinary Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0260107919875569","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42480047","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-01-01DOI: 10.1177/0260107920904875
M. Desai
This paper seeks to explain the low growth trajectory of India vis-a-vis East Asia in a historical and cultural perspective. It is argued that the Indian subcontinent was culturally separated from Buddhism and therefore from an egalitarian social possibility after the first millennium CE. A brief history of Indian economic development since independence is provided in light of the introductory historical account. JEL: N15, O10, O53
{"title":"Why India Is Not Quite a Part of the Asian Miracle","authors":"M. Desai","doi":"10.1177/0260107920904875","DOIUrl":"https://doi.org/10.1177/0260107920904875","url":null,"abstract":"This paper seeks to explain the low growth trajectory of India vis-a-vis East Asia in a historical and cultural perspective. It is argued that the Indian subcontinent was culturally separated from Buddhism and therefore from an egalitarian social possibility after the first millennium CE. A brief history of Indian economic development since independence is provided in light of the introductory historical account. JEL: N15, O10, O53","PeriodicalId":42664,"journal":{"name":"Journal of Interdisciplinary Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0260107920904875","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43679533","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-01-01DOI: 10.1177/0260107919875573
Atsuko Kamiike
The World Trade Organization’s (WTO’s) Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement) calls for the harmonization of intellectual property rights (IPRs) regulations across all WTO member countries. The TRIPS Agreement requires all WTO member countries to adopt and enforce minimum standards of intellectual property. It was assumed that the introduction of pharmaceutical product patents would hamper the Indian pharmaceutical industry’s growth. Contrary to expectations, however, the Indian pharmaceutical industry has been growing in the post-TRIPS period. The TRIPS Agreement changed the research and development (R&D) orientation of Indian pharmaceutical companies, which have increased their R&D investments. Since the TRIPS Agreement was signed, the pharmaceutical global value chain (GVC) has been re-structured and has now expanded to emerging countries like India. Indian pharmaceutical firms have thus been participating in the pharmaceutical GVC in the post-TRIPS period. This participation is conducive to technological upgrading and technology transfers. While operating in the GVC, Indian pharmaceutical firms are upgrading by adopting state-of-the-art technologies. This study explores how the TRIPS Agreement is influencing the Indian pharmaceutical industry and discusses the industry’s growth factors in the post-TRIPS period within the GVC framework. JEL: L21, L24, L26, L65
{"title":"The TRIPS Agreement and the Pharmaceutical Industry in India","authors":"Atsuko Kamiike","doi":"10.1177/0260107919875573","DOIUrl":"https://doi.org/10.1177/0260107919875573","url":null,"abstract":"The World Trade Organization’s (WTO’s) Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement) calls for the harmonization of intellectual property rights (IPRs) regulations across all WTO member countries. The TRIPS Agreement requires all WTO member countries to adopt and enforce minimum standards of intellectual property. It was assumed that the introduction of pharmaceutical product patents would hamper the Indian pharmaceutical industry’s growth. Contrary to expectations, however, the Indian pharmaceutical industry has been growing in the post-TRIPS period. The TRIPS Agreement changed the research and development (R&D) orientation of Indian pharmaceutical companies, which have increased their R&D investments. Since the TRIPS Agreement was signed, the pharmaceutical global value chain (GVC) has been re-structured and has now expanded to emerging countries like India. Indian pharmaceutical firms have thus been participating in the pharmaceutical GVC in the post-TRIPS period. This participation is conducive to technological upgrading and technology transfers. While operating in the GVC, Indian pharmaceutical firms are upgrading by adopting state-of-the-art technologies. This study explores how the TRIPS Agreement is influencing the Indian pharmaceutical industry and discusses the industry’s growth factors in the post-TRIPS period within the GVC framework. JEL: L21, L24, L26, L65","PeriodicalId":42664,"journal":{"name":"Journal of Interdisciplinary Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0260107919875573","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42506768","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-01-01DOI: 10.1177/0260107919875571
H. Nagata
The economic relationship between Japan and Bangladesh has grown stronger since the global financial crisis of 2008, with Bangladesh being identified as ‘China plus one’ by the Japanese companies. These companies have accordingly begun transferring the capital from China to Bangladesh to avoid political and social risks in China. This article examines the skills, wages, and householding of female Bangladeshi readymade garment workers, focussing on a Japanese multinational company’s international transfers and business activities in Bangladesh since the global financial crisis. This study yielded three main findings. First, it identified the structure of the division of labour involved in the production of pairs of short pants exported to Japan. Second, it compared 20 female operators’ wage assessments to those of the overall labour force, based on their skills and experience, and pointed out ambiguous and unfounded issues caused by the gender-asymmetrical workforce deployment of Bangladeshi factories. This gender-asymmetrical system is responsible for Bangladeshi female workers’ low wages. Finally, despite their low wages, the analyzed Bangladeshi women were found to share multiple household reproduction costs through remittances and perform most of the housework and care work in the household. JEL: B54, F23, F66, O53
{"title":"Female Workers’ Skills, Wages, and Householding in Bangladesh’s Readymade Garment Industry: The Case of a Japanese Multinational Company","authors":"H. Nagata","doi":"10.1177/0260107919875571","DOIUrl":"https://doi.org/10.1177/0260107919875571","url":null,"abstract":"The economic relationship between Japan and Bangladesh has grown stronger since the global financial crisis of 2008, with Bangladesh being identified as ‘China plus one’ by the Japanese companies. These companies have accordingly begun transferring the capital from China to Bangladesh to avoid political and social risks in China. This article examines the skills, wages, and householding of female Bangladeshi readymade garment workers, focussing on a Japanese multinational company’s international transfers and business activities in Bangladesh since the global financial crisis. This study yielded three main findings. First, it identified the structure of the division of labour involved in the production of pairs of short pants exported to Japan. Second, it compared 20 female operators’ wage assessments to those of the overall labour force, based on their skills and experience, and pointed out ambiguous and unfounded issues caused by the gender-asymmetrical workforce deployment of Bangladeshi factories. This gender-asymmetrical system is responsible for Bangladeshi female workers’ low wages. Finally, despite their low wages, the analyzed Bangladeshi women were found to share multiple household reproduction costs through remittances and perform most of the housework and care work in the household. JEL: B54, F23, F66, O53","PeriodicalId":42664,"journal":{"name":"Journal of Interdisciplinary Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0260107919875571","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43238362","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-01-01DOI: 10.1177/0260107919875585
Takahiro Sato, A. Aggarwal
Since the late 1990s, industrialization in India has been driven by the rural organized manufacturing sector. This paper examines the effects of firms’ dynamics on rural industrialization in India, using plant-level panel data, to investigate the characteristics of rural industrialization in India in recent years. In particular, the paper focuses on productivity differences among continuing, entering, and exiting firms. The results show that both labour and total factor productivity of the organized manufacturing sector in rural areas increased during 2000–2006 and the aggregate productivity growth is supported by the productivity growth of the continuing firms, the entry of productive firms, and the exit of less-productive firms. The paper can conclude that firms’ productivity dynamics contributed to the current rural industrialization in India. JEL: O14, O47, O53
{"title":"Productivity Dynamics and Rural Industrialization in India","authors":"Takahiro Sato, A. Aggarwal","doi":"10.1177/0260107919875585","DOIUrl":"https://doi.org/10.1177/0260107919875585","url":null,"abstract":"Since the late 1990s, industrialization in India has been driven by the rural organized manufacturing sector. This paper examines the effects of firms’ dynamics on rural industrialization in India, using plant-level panel data, to investigate the characteristics of rural industrialization in India in recent years. In particular, the paper focuses on productivity differences among continuing, entering, and exiting firms. The results show that both labour and total factor productivity of the organized manufacturing sector in rural areas increased during 2000–2006 and the aggregate productivity growth is supported by the productivity growth of the continuing firms, the entry of productive firms, and the exit of less-productive firms. The paper can conclude that firms’ productivity dynamics contributed to the current rural industrialization in India. JEL: O14, O47, O53","PeriodicalId":42664,"journal":{"name":"Journal of Interdisciplinary Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0260107919875585","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43889562","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-01-01DOI: 10.1177/0260107919875590
Tetsuya Tanaka
The literature on temple management in colonial and post-colonial India focusses on the dominant role of the trustees and the impact of state intervention. However, this article tries to grasp significance of the role of the stakeholders in the temple management as a bridge between the trustees and the state by analyzing the management history of the Rani Sati temple from 1957 to 2012. It will first explain the historical background of this temple and its managers, the Marwaris. The second section analyzes the form of the temple management from the 1950s to 1970s, and the judicial case against the traditional temple stakeholders, then chief priest and his family members. Because of the national controversy over sati in the late 1980s, public interest groups emerged as the new stakeholders of the temple. Third, this article clarifies the state’s intervention in the temple’s management according to the influence of new the stakeholders. By focussing on the role of the stakeholders, this article discloses how a state intervention can be initiated by the stakeholders and the possibility of transformation of the temple management. JEL: M14, K41, Z12
{"title":"Trustee, State and Stakeholder: Hindu Temple Management in Contemporary India, 1957–2012","authors":"Tetsuya Tanaka","doi":"10.1177/0260107919875590","DOIUrl":"https://doi.org/10.1177/0260107919875590","url":null,"abstract":"The literature on temple management in colonial and post-colonial India focusses on the dominant role of the trustees and the impact of state intervention. However, this article tries to grasp significance of the role of the stakeholders in the temple management as a bridge between the trustees and the state by analyzing the management history of the Rani Sati temple from 1957 to 2012. It will first explain the historical background of this temple and its managers, the Marwaris. The second section analyzes the form of the temple management from the 1950s to 1970s, and the judicial case against the traditional temple stakeholders, then chief priest and his family members. Because of the national controversy over sati in the late 1980s, public interest groups emerged as the new stakeholders of the temple. Third, this article clarifies the state’s intervention in the temple’s management according to the influence of new the stakeholders. By focussing on the role of the stakeholders, this article discloses how a state intervention can be initiated by the stakeholders and the possibility of transformation of the temple management. JEL: M14, K41, Z12","PeriodicalId":42664,"journal":{"name":"Journal of Interdisciplinary Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0260107919875590","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43333600","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}