Bahar ArazUniversity of Cambridge | Cam · Faculty of Economics
Bahar Araz
PhD Economics
About
26
Publications
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118
Citations
Citations since 2017
Introduction
Additional affiliations
January 2017 - July 2017
October 2013 - September 2017
April 2011 - present
Publications
Publications (26)
Thorstein B. Veblen is one of the most prominent economists, who emphasizes human nature and social reality. For Veblen, habit and institutions constitute crucial categories. However, there is a conflicting interpretation of habit in the institutionalist literature. While some claim that Veblen uses the notion of habit to indicate human disposition...
ABSTRACT
The aim of this study is that Veblen, an important old institutional economist, can be included in the economic sociology through social and conceptual relationality. In this study, Veblen’s economic sociology will be discussed by sociological concepts such as culture, habit, instinct and conspicious consumption. In Veblen's analysis, it...
The aim of this study is to analyze the evolving role of the entrepreneur in the economic and institutional structure based on the analyses of Veblen and Schumpeter. In both analyses, the historical evolution of the entrepreneur is crucial in understanding economic and institutional change. It can be claimed that clues for socio-economic transforma...
Bu çalışmada, modern ekonominin ele almadığı ya da fayda fonksiyonu ile bireysel düzlemde bireyin kendi çıkarını göze-ten davranış temelinde, faydacı felsefeye dayandırdığı etik anlayış ve bu çerçevede rasyonel birey kavramı sorgulanmak-tadır İktisadın yöntemindeki sorunsal onun etik anlayışına da yansımaktadır. Bu çalışmanın amacı, iktisadın içine...
Purpose
This study aims to identify and understand the challenges, motivational factors and future needs of female entrepreneurs in Ankara, Turkey.
Design/methodology/approach
The study uses the qualitative analysis methodology and uses the qualitative data analysis software, MAXQDA 11. A total of 41 randomly selected female entrepreneurs from t...
Abstract: This study focuses on the question of what lies behind the growing interest in “personal development activities” especially among women in recent years. In this context, the fact that the women who show this growing interest are usually well educated and employed in high-income that drives one to think that the incentive tendency may be r...
Since the mid-1970s, students at various levels in the Turkish higher education system have enrolled in courses offered by coursehouses (dershaneler). Coursehouses are for-profit companies that complement the educational efforts of lecturers at public schools. Students who are registered at public schools where education is provided for free pay pr...
Complex Adaptive System, Self-Organisation, Mainstream Economics, Critical realism, and Social Ontology
Although at different times of the historical process, entrepreneurship has been expressed by using different terms by different authors; entrepreneurship’s key role in the economic development has been accepted. This study is based on Schumpeter’s interpretation of entrepreneurship which has the most meaningful rationalization of its role in the e...
The aim of this study is to analyse both the differences and the similarities
between Marx and Veblen regarding historical specificity, evolution, and
alienation. Starting with their discussions on these subjects, this article
builds on the analyses of capitalism. The goal of this study is not to
collapse Marx and Veblen into one another but rather...
On the Knigths of the Capitalism and the Captains of Industry
Entrepreneur can be defined as the one who introduces the "new combinations" or “innovations” to the economic and social structure and innovations can be defined as the endogenous causes of in these structures. New combinations lead to the changes in the parameters of the old competitive...
Hyman Minsky pioneered the idea of the financial instability hypothesis to explain how swings between robustness and fragility in financial markets generate business cycles in the economic system (Knell) Yet few economists have recognized that this elemental idea originates not only from the financial theory of investment and investment theory of b...
In this study, we examine the relationship between foreign direct investment and terrorist incidents that took place in Turkey for the period from 1991:12 to 2003:12. This research contributes to the literature by checking for a possible non-linear relationship between terrorism and foreign direct investment. The data used to measure the intensity...
This study intends to compare human nature and historicity understanding of Marx and Veblen and to set forth the reasons of the comflict that is claimed to exist between them depending on this tree terms. Their handling the stages that communities undergo with an evolutionary approach, their emphasis on the importance of technology and their reveal...
Abstract:
This study aims to show that contemporary mainstream economics devalue human being at the level of its methodology. Neoclassical economists deal only with the concrete problems. They focus on the exchange relations and ignore production sphere of the economy. By this way they exclude the real creator (human itself) of value from their ana...
This study aims to research whether or not Schumpeter’s basic arguments provide analytical tools for determining the causes and results of the Global crisis. Schumpeter suggests that the very success of capitalism is the basic cause of its failure. Thus, in the first section, the dynamic evolutionary characteristics of capitalism within the Schumpe...
Two different forms of competition theories can be distinguished: theories that emphasize the equilibrating forces created by competition, and those emphasizing the disequilibrating forces. This difference can be attributed, to the differences regarding the functioning of the market economy: the basic problem here is whether competition should be u...
This paper is an attempt at comparing and connecting respective accounts of two important thinkers, namely, Karl Marx and Joseph Schumpeter. It is argued that these two thinkers share similar visions towards history and capitalism, they all contend that the working of capitalism undermines its own institutional structure. In this regard, they both...
This paper investigates the macroeconomic effects of terror by using a novel data set from Turkey for the period of 1987:1 to 2004:4. This research contributes to the literature by controlling for the possible non-linear and endogenous relationship between political conflict and economic activity. Empirical evidence from both linear and non-linear...
Schumpeter is usually considered as the leading figure of the evolutionary economics, despite his own reservations about applying principles of evolutionary biology into economics. In regard of the relationship between evolutionary economics and Schumpeter"s own understanding, three important themes, or conceptual issues, seem to appear. The first...
Projects
Project (1)
The curious absence of value as a terminological tool in today’s theories of economics, law and education has serious consequences. Implementing such value-free theories in society breeds fundamentalism of various sorts. So far, ‘atheist’ (as value-free) theory has been free-riding on the fact that society was held together by a very thick moral fabric. We now witness the dissolution of this fabric. The consequence are manifold, contradictory and often paradoxical – a rekindling of traditionalism without grounding in the relevant traditions (as we see in the example of the anti-cultural, traditionalist Islamic State movement) or the naïve longing on the new right for a fictional national pastoral existence freed from the concerns of globalization. We see a pride in freedom from value in a society based on consumption, yet also a longing for values in returning to pre-critical beliefs. At fault is, we think, in part a faulty account of how the world works. Our overarching goal is therefore both critical and constructive – only in reclaiming the value-term for a rationalistic construction of agency are we able to avoid disastrous societal consequences and have a coherent understanding of the origin and validity of value.
A first foundational aim of our project is a new definition of the term ‚value’ along the lines of a social-ontological institutional theory. This definition can then serve as a basis for an interdisciplinary discourse on reason as a central aspect of social sciences. The originality of this conception lies in its novel approach to an understanding of value: We make the case for an understanding of value which is neither the essentialist / naturalist reconstruction of a given, nor a relativistic / nihilistic conventionalism. We claim instead that a third reading is necessary – one informed by insights of the philosophical analysis of status-functions and social institutional facts which constitute the background of agency.
