{"title":"Pax economica: Left-wing visions of a free trade world By Marc-William Palen. Princeton University Press. 2024. pp. 328. £30.00 (hbk). ISBN: 978-0691199320. £21.00 (ebk). ISBN: 978-0691205137","authors":"Catherine McBride","doi":"10.1111/ecaf.12665","DOIUrl":"https://doi.org/10.1111/ecaf.12665","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 3","pages":"643-645"},"PeriodicalIF":1.0,"publicationDate":"2024-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435572","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}
{"title":"The future of American democracy?","authors":"John Phelan","doi":"10.1111/ecaf.12675","DOIUrl":"https://doi.org/10.1111/ecaf.12675","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 3","pages":"614-624"},"PeriodicalIF":1.0,"publicationDate":"2024-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435048","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}
The article investigates a little-known work titled De ponderibus et mensuris [On Weights and Measures] written by Juan de Mariana in 1599. It contains the embryo of his future monetary theories, and has other interesting aspects, not only juridical and historical but also epistemological. Significant points of convergence with the early modern mathematics and abacus tradition make it unique. Apart from its stylistic, pedagogical and technical originality, this work also appears as a watershed for the evolution of economic science, its language and methodology.
{"title":"A minor masterpiece? Reconsidering De ponderibus et mensuris by Juan de Mariana","authors":"Giovanni Patriarca","doi":"10.1111/ecaf.12664","DOIUrl":"https://doi.org/10.1111/ecaf.12664","url":null,"abstract":"<p>The article investigates a little-known work titled <i>De ponderibus et mensuris</i> [On Weights and Measures] written by Juan de Mariana in 1599. It contains the embryo of his future monetary theories, and has other interesting aspects, not only juridical and historical but also epistemological. Significant points of convergence with the early modern mathematics and abacus tradition make it unique. Apart from its stylistic, pedagogical and technical originality, this work also appears as a watershed for the evolution of economic science, its language and methodology.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 3","pages":"487-500"},"PeriodicalIF":1.0,"publicationDate":"2024-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435575","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}
{"title":"Growth: A reckoning By Daniel Susskind. Allen Lane. 2024. pp. 368. £25.00 (hbk). ISBN: 978-0241542309. £10.99 (pbk). ISBN: 978-0141998718. £13.99 (ebk). ISBN: 978-0141998725","authors":"J R Shackleton","doi":"10.1111/ecaf.12673","DOIUrl":"https://doi.org/10.1111/ecaf.12673","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 3","pages":"635-637"},"PeriodicalIF":1.0,"publicationDate":"2024-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435045","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}
{"title":"Money capital: New monetary principles for a more prosperous society By Patrick Bolton and Haizhou Huang. Princeton University Press. 2024. pp. 312. £30.00 (hbk). ISBN: 978-0691232225. £21.00 (ebk). ISBN: 978-0691232379","authors":"John Greenwood","doi":"10.1111/ecaf.12680","DOIUrl":"https://doi.org/10.1111/ecaf.12680","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 3","pages":"626-628"},"PeriodicalIF":1.0,"publicationDate":"2024-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435078","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}
The global economic landscape has recently undergone significant changes, marked by the rise of neo-protectionist policies and the emergence of a new techno-economic paradigm driven by smart automation technologies such as artificial intelligence and robots. Advanced nations have increasingly used neo-protectionism and smart automation technologies to address their structural problems. These policies will inevitably trigger changes in global supply chains and trade networks. This could undermine the competitive advantages of catch-up nations, and an economic growth strategy centred on foreign direct investments. While these changes in the global economy may have negative impacts on the economic progress of some catch-up countries, they may open new windows of opportunity for others. This article examines the challenges and opportunities for catch-up nations in an era of neo-protectionism and smart automation technologies.
{"title":"Economic growth by catch-up nations in an age of neo-protectionism and smart automation","authors":"Nurullah Gur","doi":"10.1111/ecaf.12670","DOIUrl":"https://doi.org/10.1111/ecaf.12670","url":null,"abstract":"<p>The global economic landscape has recently undergone significant changes, marked by the rise of neo-protectionist policies and the emergence of a new techno-economic paradigm driven by smart automation technologies such as artificial intelligence and robots. Advanced nations have increasingly used neo-protectionism and smart automation technologies to address their structural problems. These policies will inevitably trigger changes in global supply chains and trade networks. This could undermine the competitive advantages of catch-up nations, and an economic growth strategy centred on foreign direct investments. While these changes in the global economy may have negative impacts on the economic progress of some catch-up countries, they may open new windows of opportunity for others. This article examines the challenges and opportunities for catch-up nations in an era of neo-protectionism and smart automation technologies.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 3","pages":"446-464"},"PeriodicalIF":1.0,"publicationDate":"2024-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435573","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}
{"title":"The shortest history of economics By Andrew Leigh. Old Street Publishing. 2024. pp. 228. £14.99 (hbk). ISBN: 978-1913083496. £4.99 (ebk). ISBN: 978-1913083502","authors":"Charles Amos","doi":"10.1111/ecaf.12660","DOIUrl":"https://doi.org/10.1111/ecaf.12660","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 3","pages":"638-639"},"PeriodicalIF":1.0,"publicationDate":"2024-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435046","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}
Occupational licensing laws are designed to improve service quality and protect consumers from harm by establishing entry requirements and oversight of practising professionals. Evidence on the effects of licensing is mixed. The quality of services is difficult to measure objectively, complicating attempts to compare costs and benefits of regulation. A 2017 executive order in the US state of Idaho required licensing boards to report disciplinary actions against professionals. This new source of data provides some insight into the type of enforcement undertaken by licensing boards. We find that disciplinary actions directly related to quality are rare. Between 0.01 and 0.38 per cent of licensees are disciplined for quality-related issues; 36 to 53 per cent of total disciplinary actions are directly related to quality, with the rest covering technical breaches.
{"title":"How do licensing boards provide oversight? An Idaho case study","authors":"Conor Norris, Alex Adams, Edward Timmons","doi":"10.1111/ecaf.12662","DOIUrl":"https://doi.org/10.1111/ecaf.12662","url":null,"abstract":"<p>Occupational licensing laws are designed to improve service quality and protect consumers from harm by establishing entry requirements and oversight of practising professionals. Evidence on the effects of licensing is mixed. The quality of services is difficult to measure objectively, complicating attempts to compare costs and benefits of regulation. A 2017 executive order in the US state of Idaho required licensing boards to report disciplinary actions against professionals. This new source of data provides some insight into the type of enforcement undertaken by licensing boards. We find that disciplinary actions directly related to quality are rare. Between 0.01 and 0.38 per cent of licensees are disciplined for quality-related issues; 36 to 53 per cent of total disciplinary actions are directly related to quality, with the rest covering technical breaches.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 3","pages":"527-539"},"PeriodicalIF":1.0,"publicationDate":"2024-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435569","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}
{"title":"A crash course on crises: Macroeconomic concepts for run-ups, collapses, and recoveries By Marcus K Brunnermeier and Ricardo Reis. Princeton University Press. 2023. pp. 136. £30.00 (hbk). ISBN: 978-0691221106. £21.00 (ebk). ISBN: 978-0691221113","authors":"Geoffrey Wood","doi":"10.1111/ecaf.12666","DOIUrl":"https://doi.org/10.1111/ecaf.12666","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 3","pages":"629-631"},"PeriodicalIF":1.0,"publicationDate":"2024-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435571","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}
{"title":"The value of space activity","authors":"Rebecca Lowe","doi":"10.1111/ecaf.12676","DOIUrl":"https://doi.org/10.1111/ecaf.12676","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"44 3","pages":"561-571"},"PeriodicalIF":1.0,"publicationDate":"2024-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142435576","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}