Following are the contents (with abstracts) of the latest issue of Review of Social Economy (70/2, June 2012).
Promoting Research on Intersections of Economics, Ethics, and Social Values: Editorial, Wilfred Dolfsma, Deborah Figart, Robert McMaster & Martha Starr
For two decades following World War II, Sweden and Norway diverged markedly concerning domestic migration and urbanization. While the Swedes encouraged migration from economically weak rural districts to more prosperous urban areas, Norway worked to deter migration from its weakest region and retard the growth of its largest cities, including Oslo. This paper highlights economic foundations for those divergent policies, focusing on historical circumstances, conventional thought, and eminent economists. The discussion applies today as nations ponder the possibility of less centralized urban networks.
Fairness and Its Price, Andrea Schneidera & Klaus W. Zimmermann
We discuss the economic aspects of fairness defined here in the benchmark case as equality of producer and consumer rents. We show that there are significant differences considering private and public goods, especially with regard to a potential self-damaging of the initially disadvantaged, resulting from the implementation of the equality-rule. Furthermore, the potential welfare loss to society will be substantially larger in the field of public rather than of private goods.
This research compares perceived organizational support to work–family balance measures and policies in various work environments to determine whether the organizational context can be a mediating variable or whether the social economy sector, with its mission and management approach (participatory decision-making) might have an influence on organizational support to work–family balance. We studied the social economy sector and compared findings with three other sectors in the public service that have a public service mission but not the same democratic or participatory management mode: a metropolitan police service, social work, and nursing, all in the same city. Our research identifies many significant differences between the four sectors, essentially owing to the characteristics of the social economy sector. In addition to our quantitative research, we conducted interviews (36) in the sector and results indicate that the specificity of the social economy sector, i.e. mission and management mode, explain the overriding concern for work–life balance in the social economy sector.
Achieving Moral Capitalism through Entrepreneurial Justice, Scott L. Newberta & Michael D. Stouder
Adam Smith argued that capitalism was best achieved when individuals temper their economic self-interests with ethically grounded motivations. Unfortunately, Smith stopped short of articulating precisely how individuals might manage these seemingly competing interests in a way that is practical for actors in modern day organizations. We believe that a set of effective principles of justice can be found in the writings of political philosopher John Rawls. We argue that due to the empirical realities of entrepreneurs, the entrepreneurial context is aligned with Rawls' original position. We consider how Rawls' principles might inform founders of new organizations with regard to their interaction with organizational stakeholders.
The Keynes Solution: The Path To Global Economic Prosperity (Paul Davidson), reviewed by Mitja Stefancic
Happiness Around the World: The Paradox of Happy Peasants and Miserable Millionaires (Carol Graham), reviewed by Roderick Hill
Bankrupt: Global Lawmaking and Systemic Financial Crises (Terence C. Halliday and Bruce G. Carruthers), reviewed by Robert H. Scott III