Journal of Economic Issues (J ECON ISSUES)

Publisher: Association for Evolutionary Economics, Newfound Press

Journal description

Current impact factor: 0.32

Impact Factor Rankings

2015 Impact Factor Available summer 2015
2009 Impact Factor 0.7

Additional details

5-year impact 0.49
Cited half-life 0.00
Immediacy index 0.08
Eigenfactor 0.00
Article influence 0.15
Website Journal of Economic Issues website
Other titles Journal of economic issues, JEI, JEI. Journal of economic issues
ISSN 0021-3624
OCLC 1754544
Material type Periodical, Internet resource
Document type Journal / Magazine / Newspaper, Internet Resource

Publisher details

Newfound Press

  • Pre-print
    • Author can archive a pre-print version
  • Post-print
    • Author can archive a post-print version
  • Conditions
    • Please see individual journals for conditions
    • Publisher's version/PDF may be used
    • Published source must be acknowledged
    • Creative Commons License Available
    • All titles are open access journals
  • Classification
    ​ green

Publications in this journal

  • [Show abstract] [Hide abstract]
    ABSTRACT: This paper proposes a model to classify innovations related to a particular function, mobility. The analysis demonstrates that existing typologies related to functional economy (FE) remain imprecise when considering speci�fic functions. In this article, I include a systems perspective considering collective needs into the discussion. More precisely, I highlight the fact that due to the complex systems in which the transportation system is embedded, collective consumption such as vehicle sharing systems and self-service schemes becomes crucial when mobility issues are addressed. Indeed, the satisfaction of individual needs impacts that of collective needs due to tra�ffic congestion and rivalry of use for parking places. As a strategy driving sustainability, the FE calls for institutional change.
    Journal of Economic Issues 12/2015; 49(4).
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    ABSTRACT: Through a textual analysis of national newspaper articles covering European central bankers' statements and policy decisions for the period 1999-2011, we derive the concerns expressed by national media in the Economic and Monetary Union (EMU). We consider these concerns as a benchmark for national preferences, and thus, for the preferences of national central bankers in the EMU. In a next step, we test the existence of groups of national media (i.e. national publics) according to their shared expressed concerns. The results show that in the eurozone, similar concerns are shared by different country groups, corresponding to a group of countries from Northern Europe (Belgium, Finland and the Netherlands), Southern Europe (Spain and Portugal), and the Periphery (Italy, Greece and Ireland), but that there are two isolated countries (France and Germany), whose newspapers do not share the issues raised with the rest of the European newspapers. This approach thus gives further insights on the potential heterogeneity -in terms of policy preferences- among the European central bankers inside the Governing Council of the ECB.
    Journal of Economic Issues 09/2015; 49(3).
  • Journal of Economic Issues 09/2015;
  • Article: Policy Note
    Journal of Economic Issues 09/2014; 48(3):871-886. DOI:10.2753/JEI0021-3624480313
  • Journal of Economic Issues 09/2014; 48(3):787-820. DOI:10.2753/JEI0021-3624480310
  • Journal of Economic Issues 09/2014; 48(3):821-848. DOI:10.2753/JEI0021-3624480311
  • [Show abstract] [Hide abstract]
    ABSTRACT: This article discusses consumption as a social process that is part of social provisioning and is in an evolutionary interplay with other social processes. The analysis provides grounds for a context-specific research that explores consumption in the context of a culture-nature life process, and draws on material from various disciplines. The article seeks to contribute to the literature on social provisioning as an organizing concept in heterodox economics. The first section explains what is meant by social process and delineates its elements. The second section formulates a categorization of social processes, and locates a consumption process within a system of culture-nature life processes. The rest of the article delineates the elements of the consumption process, providing illustrations based on literature from various disciplines. Specifically, the third section discusses consumption activities. The fourth section discusses institutions and systems of provision of goods and services. The fifth section applies the concept of habits of life and thought to the consumption process. Finally, the article concludes that the formulated analysis transcends dualisms such as social-economic, cultural-material, society-nature, and micro-macro, and draws implications for heterodox economics.
    Journal of Economic Issues 09/2014; 48(3):663-678. DOI:10.2753/JEI0021-3624480304
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    ABSTRACT: Since 2008, the U.S. economy has been mired in the second worst economic crisis in its history. Conceivably, massive government spending could bring the economy out of this slump as massive war spending ultimately ended the Great Depression of the 1930s. However, a far superior strategy exists: guaranteeing employment accompanied by retraining to enable all unemployed workers to become absorbed into the regular work force. Beyond ending the crisis, the superiority of this strategy is that it would institutionalize a procedure for insuring that, in an increasingly technologically dynamic and open economy, workers would possess the necessary skills for available jobs. Guaranteeing employment would also eliminate the ecological costs associated with the need to seek growth to generate employment at practically any cost. Finally, it would establish a new moral social contract, whereby everyone is granted the dignity that accompanies being a productive member of society. Welfare for those able to work could disappear, along with the degradation and humiliation accompanying it.
    Journal of Economic Issues 09/2014; 48(3):679-706. DOI:10.2753/JEI0021-3624480305
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    ABSTRACT: The Russian Don Army Region is characterized by a favorable geographical location, relatively soft climate, and plenty of fertile land. It could have become one of the centers of development for agrarian and trade entrepreneurship in the Russian Empire. However, the region strongly fell short of its neighbors in the nineteenth and the beginning of the twentieth centuries. We show that despite the abundance of capital and labor, as well as beneficial climate and topography, the archaic and inefficient institutional structure of the region's economy — i.e., its militaristic governance and the Don Cossacks' military service duty — substantially hindered its economic development.
    Journal of Economic Issues 09/2014; 48(3):727-742. DOI:10.2753/JEI0021-3624480307
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    ABSTRACT: This paper contributes to an institutional theory of crime. More specifically, it focuses on the problem of the mafia and the infiltration of legitimate businesses. In legal markets, the mafia resorts to artificial scarcity as a functioning principle. Although scarcity and its consequences for market economies are key aspects of mainstream economics, they have been insufficiently analyzed because the emphasis is only on "natural" scarcity. The mafia phenomenon reveals that scarcity can also be institutionally created. This type of scarcity encourages the process of market collectivization and empowers those generating it. The mafia's legal activities establish a system of "waiting lines" and monitored access to goods. Instead of being merely coercive and openly violent, the mafia builds a new lasting order, producing its own rules, and even breeding social legitimacy.
    Journal of Economic Issues 09/2014; 48(3):625-640. DOI:10.2753/JEI0021-3624480302
  • Journal of Economic Issues 09/2014; 48(3):849-870. DOI:10.2753/JEI0021-3624480312
  • Journal of Economic Issues 09/2014; 48(3):765-786. DOI:10.2753/JEI0021-3624480309
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    ABSTRACT: We study the impact of employer’s opportunism on wage rigidity in capitalist companies by arguing that the need to fix wages is crucially influenced by the asymmetric distribution of decision-making power and information in favor of the stronger contractual party — the employer, and against the weaker contractual party — employees. The capitalist entrepreneur can make decisions, whose negative consequences are borne by workers in terms of lower wages and more intense work pace. Excessive wage reductions in the face of negative exogenous shocks or too risky investment decisions represent the main instances of such opportunistic behavior. Fixed wages can represent workers’ best response to the emerging risk of the employer moral hazard, but this implies a heightened risk of layoffs since wages and employment levels cannot be fixed at the same time. Besides discussing piece rate contracts, profit-sharing and codetermination as counterexamples, we observe worker cooperatives which depart from the presence of contrasting interests and private information in the principal-agent framework. Indeed, several empirical studies have shown greater employment stability and wage flexibility in worker cooperatives vis-à-vis the capitalist firm.
    Journal of Economic Issues 08/2014; DOI:10.2753/JEI0021-3624480306
  • Journal of Economic Issues 06/2014; 48(2):551-558. DOI:10.2753/JEI0021-3624480231
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    ABSTRACT: Firm reorganizations deeply affect employees. Management can reorganize in different ways, focusing on costs or acknowledging the involvement of employees. The latter implies following a social contract that complements incomplete (formal) labor contracts. Little is known about how the way in which firms reorganize affects their subsequent performance. Should a firm reorganize more socially, keeping the concerns of employees in mind as evident from an existing social contract, or should it focus on control the future direction of the firm and the costs made? We show that reorganizing more socially does not increase firm performance ex post, but taking more time when reorganizing does.
    Journal of Economic Issues 06/2014; 48(2). DOI:10.2753/JEI0021-3624480219
  • Journal of Economic Issues 06/2014; 48(2):501-506. DOI:10.2753/JEI0021-3624480225