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Why and how economists have historically studied families is not well understood, neither by those in the discipline, nor by scholars studying families in neighbouring fields like sociology, anthropology, and philosophy. This lack derives from a mistaken view that family economics began in the 1960s when price theory was applied to family behaviour. It is also due to the narrowing of economics from the 1940s in the US, when social reform and advocacy work shifted to the discipline’s periphery. Affirming a contemporary need for gender-inclusive language, while using terms that access historical understandings, the book’s first goal is to show that economists developed methodologies for studying families as a function of how they conceptualised family poverty in different periods. Four historical phases are identified, with economists studying nineteenth-century deficits in family labour productivity in Britain and Europe, inadequacies in low-income family consumption in interwar America, underinvestment in human capital by a post-war ‘underclass’, and gendered injustices in resource distribution experienced by lone mothers, by women and girls in poor global South families, and by queer families. The book’s second goal is to show how family economists prioritised some social problems over others, allowing certain injustices to remain uncontested.
In the highly stratified servile societies of the Caribbean, numerous codes made it difficult for enslaved persons to distinguish themselves as generators of personal income. Yet an unmistakable feature of Caribbean slavery was the countless number of enslaved persons who succeeded in making money for their own benefit. Several historians have interrogated this history through their examination of the provision ground–Sunday market complex and the hiring and self-hiring of enslaved laborers. Despite the solidity of their scholarship, gaps exist in the historiography, not least of which is the general anonymity of these servile small-scale business people. This chapter, relying heavily on the 1831 publication of The History of Mary Prince, along with other contemporary sources as well as secondary publications, aims at narrowing the gap by focusing on the personal economic pursuits of Mary Prince, a relatively well-known enslaved female from the Caribbean who lived the last years of her life in London.
European arrival brought many hardships for tribes; however, tribes seized the new opportunities that arose. Tribes incorporated guns, horses, and other items into their cultures. Moreover, tribes organically modified their economic practices to effectively trade with Europeans. Tribal cultures influenced Europeans too. Europeans adopted Indigenous foods, medicines, housing, and political ideals.
Potato production typically entails both greater soil disturbance and higher profits than alternative crops in the regions in which they are grown. This article provides an analysis of economically relevant outcomes from soil health practice trials conducted in potato production systems in four locations across the continental United States from 2019 to 2022. We compare revenue and profit estimates over several soil health-related practices: rotation duration, chemical fumigation, mustard biofumigation, and application of organic amendments. We find that longer rotations are positively correlated with revenues and profits. This finding is robust across a range of tests and several regression specifications, although we do observe some variation across locations. While in our data, 3-year rotations consistently produced better economic outcomes than 2-year rotations, over time periods longer than the 4 years in this study, at least some of the gains associated with longer rotations will be offset by the implied decreased frequency of potato years. We did not find consistent evidence of differences in revenue or profits corresponding to chemical fumigation, mustard biofumigation, or the application of organic amendments.
There is significant focus on the global polycrisis currently – and rightfully so, considering the threat to societies around the world that converging environmental, social, political, and economic challenges pose. However, little is said about what comes after the polycrisis. Are there methods to address the polycrisis in ways that would inherently help establish a ‘better’ post-polycrisis period (PPP) (i.e. preserving more of what sustains the many dimensions of human wellbeing while maintaining the integrity of the biosphere and local ecosystems)? This article explores that question, examining potential interventions that could lead to less suffering both during the polycrisis period and PPP.
Technical summary
This article explores how polycrisis interventions can be designed to be the most effective in setting up a better post-polycrisis outcome, while also improving the polycrisis response potential. It starts by setting up a 2 × 2 matrix to explore interventions that (1) improve outcomes during the polycrisis (but not the post-polycrisis period [PPP]), (2) improve outcomes post-polycrisis (but not during the polycrisis); (3) improve neither, and (4) improve both. The article explores some relevant and timely examples in each of the four quadrants, with particular focus on the quadrant in which interventions improve outcomes both for the polycrisis period and PPP. Particular attention is given, within that quadrant, to: reducing nuclear arsenals, population degrowth, economic degrowth, strengthening local agriculture, low-tech and appropriate technologies, and cultivating deeper respect for Gaia. In conclusion, the article recognizes that although it may be difficult, even impossible, to proactively and effectively plan for the PPP, some measures can be taken even now. Further, failing to put this on societal agendas means planning for and addressing long-term wellbeing will only occur by chance, increasing the odds of an extended period of crisis and/or a loss of key knowledge and civilizational advances gained.
Social media summary
Are there interventions to improve human and ecological wellbeing both in the polycrisis and the period that comes after?
This chapter looks at central bank digital currencies and aims to extend our understanding and the use cases for CBDCs in line with domestic and international economic policies. It examines central bank transactions and how money supply can be controlled and maintained using CBDCs. Over the years, the use of quantitative tightening has been limited due to the current functionality and utility of a country’s financial system. The “Klair Effect” is a form of quantitative tightening; it does not use the apparatus of interest rates to control the inflation rate; instead, a “delete button” to control the money supply on a central banks’ balance sheet.
The research paper studies business sophistication, tax revenue policies, and ESG (Environmental, Social, and Governance) performance across 105 Belt and Road Initiative (BRI) countries spanning from 2013 to 2021. Key insights from the study underscore a positive association between business sophistication and ESG performance. This suggests that organizations leveraging advanced knowledge and innovation are better positioned to implement effective ESG strategies. Moreover, higher tax revenue is linked to better ESG, underlining a commitment to sustainability within the business landscape. Notably, Information, Communication, and Technology (ICT) emerges as a pivotal catalyst in augmenting ESG performance, particularly when integrated with business sophistication and tax revenue mechanisms.
Technical summary
This study examines the relationship between business sophistication, tax revenue policies, and ESG (Environmental, Social, and Governance) performance in 105 Belt and Road Initiative (BRI) countries from 2013 to 2021, focusing on the moderating role of Information, Communication, and Technology (ICT). Using advanced econometric methods like Two-Stage Least Squares (2SLS), two-step Generalized Method of Moments (GMM), and fixed-effect regression, the research also considers factors such as microfinance institutions, commercial bank financing, and the COVID-19 pandemic. The findings reveal a significant positive link between business sophistication and ESG performance, indicating that companies with advanced knowledge and innovation are more likely to implement successful ESG policies. Higher tax revenue is also positively correlated with ESG improvements, reflecting support for sustainability. ICT is crucial in enhancing ESG performance, especially when combined with business sophistication and tax revenue. Microfinance and commercial banking are vital in promoting ESG practices in BRI countries. Despite a temporary decline in ESG performance due to COVID-19, the study predicts a post-pandemic resurgence, emphasizing the need to foster an innovation culture for sustainable development.
Social media summary
There is a positive association between business sophistication, tax revenues, microfinance, ICT, and commercial banking, which are key drivers of better ESG performance in BRI countries.
Once hailed for implementing an industrial policy so effective that it transformed Japan into a model 'developmental state,' from the 1980s Japan steadily liberalized its economy and Japanese firms increasingly shifted production abroad via outward foreign direct investment. Yet industrial policy did not just fade away. With the emergence of new competitors in South Korea and Taiwan, and especially the rise of China as a security threat, the Japanese government strove to enhance the viability and competitiveness of Japanese firms as a means to strengthen economic security and reduce reliance on imported energy. Using newly compiled data on Japan's policy apparatus, political environment, and policy challenges, this Element examines how Japan, once an exemplar of 'catch up' industrialization, has struggled to 'keep up' with new challenges to national economic security, and more briefly considers how its policy evolution compares to those of its East Asian neighbors.
Uncontrolled weeds can cause billions of dollars in yield loss in corn and soybean production fields in the United States. Growers often use herbicides to control weeds to avoid yield loss. The objective of this study was to estimate the cost of herbicides used in corn and soybean production in the United States. On-farm herbicide usage data were extracted from surveys of corn production costs in 2021 and soybean production costs in 2023, carried out by the U.S. Department of Agriculture–National Agricultural Statistics Service (USDA-NASS) through the Agricultural Chemical Use Program. Commonly used or known products were assumed for each reported herbicide. Based on the USDA-NASS surveys, approximately 107.8 and 89.1 million kg of herbicides were used in corn and soybean production in 2021 and 2023, respectively, in the United States. Glyphosate (33.8 million kg; in various salt forms), atrazine (26.8 million kg), and mesotrione (2.4 million kg) were the most widely applied herbicides, applied to 79%, 65%, and 47% of corn production areas, respectively, planted in 2021. Similarly, glyphosate (in various salt forms) was the most widely applied herbicide in soybean production, followed by 2,4-D (15.9 million kg; in various salt forms) and glufosinate-ammonium (4.4 million kg), which were applied to 58% and 23% of soybean hectarage, respectively, planted in 2023. Using the average retail price of herbicide products from Kansas State University, University of Nebraska−Lincoln, and North Dakota State University publications, herbicides (excluding adjuvants and application costs) would have cost approximately US$3.2 and US$4.1 billion in corn and soybean production in 2021 and 2023, respectively.
We estimate the value of water quality improvements for recreational activities on and near the Brandywine Creek in Delaware. We divide water-based recreational activities into two groups: water-contact and non-water-contact. We then consider the behavioral change of the recreationists in each group when faced with water quality improvements posed in a stated preference (contingent behavior) survey. We use five common physical attributes of water quality in the contingent behavior analysis: water clarity, catch rate of fish, safety of eating fish, safety for swimming, and ecological health. The survey was constructed in such a way that each of these attributes of water quality is valued. The per-trip value for water quality improvements ranged from $4 to $63 for contact use and from $4 to $29 for non-contact use depending on which and how many attributes of water quality improve. Even though we measure sizable benefits, rough cost estimates appear to make it difficult for incremental improvements to exceed costs unless attribute improvement is widespread.
Advocates of the concept of polycrisis show that our world faces many interconnected risks that can compound and reinforce each other. Marxist critics, on the contrary, argue that polycrisis advocates have not yet given sufficient attention to the role of capitalism as a root cause of these intersecting crises. This paper agrees with these critics. But I also argue that it is possible to develop an alternative approach to polycrisis analysis rooted in the traditions of Marxism and neo-Gramscian theory. The paper applies this approach to analyze the European Union's ongoing polycrisis and sketch out its possible futures.
Technical summary
Advocates of the term polycrisis often claim that contemporary crises cannot be reduced to a single driver or dominant contradiction, forming instead a complex multiplicity of inter-systemic shocks. Marxist critics, on the contrary, claim that this approach, by framing contemporary crises as disparate and merely contingently connected, obscures the capitalist roots of contemporary crises. I agree with these critics to a point, though I argue that polycrisis thinking is needed to deepen Marxist analyses of the inter-systemic dynamics of contemporary crises and their possible futures. Polycrisis thinking needs Marxism to deepen its analysis of the political economy of polycrisis, whereas Marxism needs polycrisis thinking to enrich its understanding of the political opportunities and constraints that these intersecting crises may create for counter-hegemonic movements. To synthesize the insights of Marxism and polycrisis analysis, I develop an approach rooted in complexity theory and neo-Gramscian political economy. Using the European Union's (EU) ongoing polycrisis as an illustrative example, I show how neo-Gramscian polycrisis analysis can highlight the constraints that neoliberal hegemony places on the EU's efforts to manage its intersecting crises, while also informing counter-hegemonic struggles aiming to navigate toward more desirable futures in Europe's political possibility space.
Social media summary
This paper combines polycrisis thinking and Marxism to analyze the current polycrisis and possible futures of the European Union.
Established hedgerows of native plants on the borders of crop fields provide a variety of ecosystem service benefits in agricultural landscapes. However, their influence on weed communities is not well understood, and there are concerns that hedgerows could contribute to weed infestations on farms. To address this research gap, we examined the role of established hedgerows of native California plants on weed abundance (weed numbers and cover) and weed species richness in field borders, and in adjacent crops, in large-scale, monocropping systems compared with conventionally managed field borders (i.e., no hedgerows). Across 20 farm sites in California’s Central Valley, hedgerows on orchard crop borders reduced weed numbers by 66%, weed species richness by 59%, and weed cover by 74%. On annual field crop borders, hedgerows reduced weed numbers by 71%, weed species richness by 60%, and weed cover by 70%. In orchards, hedgerows also reduced weed intrusion into the adjacent crop interior, with significantly lower weed cover to the first tree row (area directly underneath the trees), weed species richness to the 10-m tree row, and weed numbers to the 10-m avenue (area between the tree rows). Yearly management practices and associated costs for weed control in established hedgerows were significantly less than for conventionally managed field borders. This study highlights the effectiveness of native hedgerows as a sustainable nature-based solution for reducing weed pressure and management inputs on farms.
This chapter provides an in-depth analysis and discussion of eco-tourism in Surama Village. It considers such tourism’s origins and development in the village, as well as the circumstances regarding its ongoing operations and daily processes. There is an emphasis on the ways that this tourism is described in the local discourse of villagers. The chapter examines villagers’ interactions with outsiders, such as tourists, tourism leaders, and consultants, within the context of eco-tourism and explores how eco-tourism fits into a broader discursive context of ‘development’ in the village. The chapter discusses issues concerning commodification, as well as alternative options for paid employment in the region. It begins to elucidate how villagers working in eco-tourism relate to tourists as outsiders. Throughout the chapter, there is a central focus on how eco-tourism provides a context through which outside resources (both material and immaterial) are acquired and transformations towards otherness and alterity are enabled.
This chapter sets the stage for the volume, describing an approach to Otto Neurath’s last years that weaves together biographical, historical, and philosophical strands. Neurath can also be examined from the angle of ‘exile studies’, enthusiastically adapting to British life and making contributions to philosophy, economics, and visual education that were ahead of his time. The themes of planning and education are introduced as narrative hooks to understand Neurath’s late work.
This essay draws upon recent developments in histories of finance and Black studies to argue for an expanded consideration of late nineteenth-century speculative fiction. In recent decades, speculation has emerged as a foundational methodology, critical framework, and literary genre in African American literary studies and Black studies. Yet, within this body of scholarship, speculative fiction is most often associated with anti-realist modes that imagine alternate futures while speculative reading and research methods double as a critique of our political and disciplinary limits. Through a close reading of Charles Chesnutt’s 1901 novel The Marrow of Tradition, this essay considers how speculation’s late nineteenth-century instruments and logics determine the novel’s political horizons and narrative structure. By attending to the financial workings of late nineteenth-century novels that might seem to strain against the bounds of either genre fiction or speculative research methods, this essay argues that we can begin to see how a work like Chesnutt’s interrogates a particularly postbellum outlook on the future, one in which the terms of financial speculation can only imagine a future that is an intensification of the past.
This article is part of a larger series that is dedicated to the memory of Dr. Jerry Ellig, with whom I had the pleasure of working on multiple occasions. It explores the concept of regulatory subsidiarity, which involves pushing regulatory power down from centralized governments to state, local, tribal, and other governments. It explains how this approach both promotes policy tailoring and facilitates regulatory experimentation, allowing policy makers to test which interventions produce the best results. Finally, it considers how regulatory subsidiarity has proven itself outside of the U.S. and can succeed within the U.S. as well.
This chapter takes up a final source of constraint, specifically the norms of the profession and judging. The idea that unarticulated, and often inarticulable, shared understandings serve as a source of discipline and constraint has a long history. Among the labels for it are situation sense, craft values, professional norms, and tacit knowledge. For such norms to exert force, they must be shared, and the chapter explores ways in which the scope of shared professional understandings has diminished. The polarization present in our society has made its way into the profession. More broadly, our culture has developed in ways that privilege the tangible and quantifiable, which has led to a collective preference for metrics over more traditional forms of expertise.
Original and deeply researched, this book provides a new interpretation of Dutch American slavery which challenges many of the traditional assumptions about slavery in New York. With an emphasis on demography and economics, Michael J. Douma shows that slavery in eighteenth-century New York was mostly rural, heavily Dutch, and generally profitable through the cultivation of wheat. Slavery in Dutch New York ultimately died a political death in the nineteenth century, while resistance from enslaved persons, and a gradual turn against slavery in society and in the courts, encouraged its destruction. This important study will reshape the historiography of slavery in the American North.
This Element presents an analytical model for assessing the success or failure of innovative large-scale defence projects. To achieve this goal, it constructs a theoretical model based on a three-angle analysis: the International System, the innovative potential, and the domestic political arena. Each angle of analysis generates an independent variable, namely: level of threat, technological feasibility, and political consensus. It is held that technological feasibility and political consensus are necessary and conjointly sufficient conditions to explain the success or failure of large-scale defence projects. The success of the innovative defence projects is strongly and positively related to the level of external threat. The initial hypothesis is tested by scrutinizing three specific projects in the United States (Future Combat Systems, The B-2 Stealth Bomber and the F-35). The conclusion is that the model is sound and might be generalized to analyse the prospects of success or failure of other large-scale defence projects.
This essay offers a framework for analyzing whether government may justifiably intervene to contain the spread of disease. Nonconsensual transmission of dangerous pathogens is an inherently violent act. This framework therefore justifies government public health activities for the same reasons and only to the same extent as other government activities. Government public health interventions are legitimate only to the extent they minimize the amount of violence in society. Violence-minimization is a more egalitarian and welfare-enhancing rule than, for example, a rule prescribing that government public health activities should minimize loss of life.