Mario A. Cedrini's research while affiliated with Università degli Studi di Torino and other places
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Publications (22)
In the article, we propose a general theoretical framework to distinguish a set of possible options for integration between social sciences. Adopting the so-called ‘nation’ metaphor in order to investigate relationships between disciplines, the framework uses an analogy with Dani Rodrik’s ‘world political trilemma’ (whereby democracy—here self-dete...
In Stephen King’s horror novel Needful Things, a stranger comes to town and opens a shop wherein any inhabitant can find exactly the thing s/he desires most, in exchange for playing “pranks” that cause distress to other members of the community, until the whole town is caught in a war of all against all. The paper analyses the novel as a “satire of...
Current forms of capitalism demand the continuous creation of new industrial sectors, for both supply-side and demand-side reasons. Partly derived from the nature of technology, which often exhibits economies of scale, and partly from actors searching for investments in R&D to reduce production costs, increasing returns in the production of goods a...
The paper presents the topic modeling technique known as Latent Dirichlet Allocation (LDA), a form of text-mining aiming at discovering the hidden (latent) thematic structure in large archives of documents. By applying LDA to the full text of the economics articles stored in the JSTOR database, we show how to construct a map of the discipline over...
Discussion of the units of time in Keynes's General Theory
A discussion on the units of time in Keynes's General Theory
There is growing awareness of the need for interdisciplinary research on complex issues, but also of the obstacles that historical boundaries between social disciplines pose to such dialogue. It is increasingly recognized that the somewhat constitutive autonomy, the progressive autonomization, and finally the “imperialism” of economics have severel...
The paper provides a panoramic view on Keynes's way of reasoning in economics, with a view to highlight the radical "difference" of his thinking with respect to both scholars of his times and contemporary economists. We argue that Keynes was un-modern in the 1930s as he is (and appears) un-modern today; but also that in this lies his modernity. Key...
There is a growing consensus in social sciences that there is a need for interdisciplinary research on the complexity of human behavior. At an age of crisis for both the economy and economic theory, economics is called upon to fruitfully cooperate with contiguous social disciplines. The term ‘economics imperialism’ refers to the expansion of econom...
Offering a view of the other side of the liquidity issue, the paper elaborates on the concept of “fear of goods” in Keynes's thought. It therefore illustrates numerous evidences of “fear of goods” in his economics, and aims to show that the notion might be considered as playing a quite important role in establishing connections between ideas that a...
Until the advent of behavioral and neuroeconomics, economics has generally tended to undervalue, on average, the importance of fear. Fear has traditionally been regarded as pertaining to an alternative domain with respect to rationality: it has thus been considered as triggering mechanism of anomalous, even irrational behavior. Conversely, the arti...
This paper revisits chapter 18 of Keyness The General Theory in the light of A Treatise on Probability. It shows that the notions of cause and independence used to discuss the relationships between the variables of The General Theory in the chapter are related to the concept of independence for knowledge, which concerns logical connections between...
Two diametrically opposed positions have developed in the literature as regards the impact of the Great Depression on Keynes's economics: While 'externalists' consider the Great Depression as the determining cause of Keynes's revolution, other subscribe to an 'internalist' view of the development of Keynes's thinking from the Treatise on Money to t...
This paper is a contribution to the elaboration of a narrative of the international economic disorder that followed the demise of the Bretton Woods regime. It therefore revisits some key episodes of the recent history of the world economy – the Washington Consensus saga and the widening of global imbalances – and throws light on the attempt made in...
There is growing awareness of the need for interdisciplinary research on complex issues, but also of the obstacles that historical boundaries between social disciplines pose to such dialogue. It is increasingly recognized that the somewhat constitutive autonomy, the progressive autonomization, and finally the “imperialism” of economics have severel...
Citations
... The evolutionary economist and historian of economic thought Geoffrey Hodgson has placed on the agenda the issue of which strategy can give unity and institutional legitimation to heterodox economics, referring back to the thought of Michael Polanyi on the need for the institutionalization of sciences to «impose a framework of discipline and at the same time encourage rebellion against it» (Hodgson, 2019;. However, until now the state of the art has not changed (Ambrosino et al., 2021) and the economic mainstream continues to live in its ivory tower, confirming the severe judgment expressed by Robert Skidelsky, author of the award-winning biography of John Maynard Keynes: «no branch of human inquiry has cut itself off from the whole-and from the other social sciencesmore than economics […] Economists claim to make precise what is vague, and are convinced that economics is superior to all other disciplines […] Today's professional economists […] have studied almost nothing but economics. They don't even read the classics of their own discipline. ...
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... The author in [15] mentioned that innovation is increasingly relevant in the agenda of entrepreneurs, the organizational model has been articulated from the control of production that allows to seek precisely the strategy for decision making in planning and innovate and be more competitive, in a changing world it has become a commonplace that innovation is key in the competitive construction in companies and sectors to continuous growth in innovation aspect, which allows to generate research and development centers or productive dynamics to realize and determine the main systemic approach [16]. ...
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... This is usually achieved through the analysis of large-scale textual corpora such as examining all the papers published in Science over one hundred years (Blei and Lafferty 2007) or analyzing the abstracts of dissertations representing 240 universities over thirty years (McFarland et al. 2013). For example, in a study evaluating the evolution of economics from 1845 to 2013, Ambrosino et al. (2018) used topic modeling techniques to reveal the hidden thematic structure in economic research abstracted in the JSTOR database. The authors found that the field has grown exponentially, with 8220 articles published only between 2011 and 2013. ...
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... Mauss's foundational work has been considered a missed opportunity in economics (Cedrini & Marchionatti, 2017;Cedrini et al., 2020) when it comes to acknowledging the diversity of economic practices that involve a complex mix of freedom and obligations that ensure social cohesion, and make ongoing exchanges possible. Accordingly, the economy is not something that exists outside moral and social practices. ...
... Smith was compelled by the fact that such societies are also the initial stage in human and therefore must contain modern societies in fieri (population growth and division of labour are key factors in the process), to posftjlate that exchange is natural. Market exchange developed in modern societies) comes to be regarded as the last stage of this evolving sumed) natural disposition (see Marchionatti and Cedrini 2017;Cedrini et al. 2020). Archaic societies are thus conjecturally reconstructed from the standpoint of civilised societies. ...
... The topics have multiplied in many directions and whole new areas of discourse have emerged (Chafim 2016), each with separate research organizations, global conferences, journals, curricula, academic career opportunities, as well as patterns and publication opportunities. Parallel, shifting disciplinary boundaries have been observed inside and outside economics (Cedrini and Fiori 2016). During the second part of the twentieth century, an organizational segmentation began, which provided proof of Max Weber's statement given in his famous article "Science as Vocation" (1988a), namely that the individual can achieve something really substantial on academic ground only in a situation of increased specialization: "In our time, the internal situation, in contrast to the organization of science as a vocation, is first of all conditioned by the facts that science has entered a phase of specialization previously unknown and that this will forever remain the case. ...
... The debate in the literature generally focuses on the sustainability of global imbalances. The great divide is between alarmist concerns for the risks the former pose for world economic prospects and elegant theoretical 41 See also Carabelli and Cedrini 2010a, c, d;2010-11;2013b, d;2014a, b, d;2015c. justifications for their happy persistence with uninterrupted global growth. ...
... As Keynes said, the economy is a "method rather than doctrine which helps its possessor to draw correct conclusions" (Carabelli and Cedrini, 2014). The Keynesian economic theories emphasize on controlling the demand side and aggregate demand (total economic spending) as the main driver of economic growth (Ilkhom, 2015). ...
... Ancak, bir ülkenin elindeki mal fazlasını dünya pazarına sunması, sürekli bir çözüm için yeterli olmayacaktır. BW Sistemi sonrasında yükselen ihracat odaklı büyüme politikasının hemen her ülke tarafından uygulanması sonucunda düşülen terkip hatasıyla da bu fikir doğrulanmaktadır (Carabelli & Cedrini, 2015: 1144-1145 yalnızca hammadde fiyatlarının istikrarsızlığını giderici değil bununla birlikte GOÜ'ye gelir transferi de yaratacak şekilde düzenlenmesi isteğidir. Ayrıca sosyalist bloğun dünya ticaretine entegre edilmesini sağlayacak bir yapı geliştirilmesi gerekliliği ortaya konmuştur (Alpar & Ongun, 1988: 77-86). ...
... Still, the author of a formidable defense of probable reasoning (of having some reasons to believe, in his own words) against the too strong requirement of certainty of belief, as well as of a logical instead of mathematical concepts of probability, Keynes constantly reminded readers of The General Theory of the danger of blind mathematical manipulations, inviting them to avoid reasoning in terms of certainty and mathematical probability, and reiteratedly (sic) insisted on the strong limitations of mathematical analysis." (Carabelli and Cedrini, 2014). ...
