In welfare economics, the theory of second best is inextricably linked to an article by Richard George Lipsey and Kelvin John Lancaster, published in 1956 in the Review of Economic Studies. The publication of this article was encouraged by Harry Gordon Johnson, who was a member of the journal's...

This paper examines the data sources and methodologies used in economic research on corruption by analyzing 339 journal articles published in 2022 that include Journal of Economic Literature codes. The paper identifies the most commonly used data types, sources, and geographical foci, as well as...

This article documents the sudden creation of a significant entrepôt for French wine, particularly Bordeaux claret, in Boulogne-Sur-Mer starting in 1720. Scottish Jacobites who practiced a rebellious version of "fair trade" dominated this commerce, and their network had direct links to...

Der 300. Geburtstag von Adam Smith bot 2023 die Gelegenheit, sich ausführlich mit Leben, Werk und Nachwirkung des Gründers der modernen Ökonomik zu beschäftigen. Die acht Beiträge dieses Bandes bieten nicht nur einen ausführlichen Überblick über den aktuellen Stand der ökonomischen und...

We provide a versatile nowcasting toolbox that supports three model classes (dynamic factor models, large Bayesian VAR, bridge equations) and offers methods to manage data selection and adjust for Covid-19 observations. The toolbox aims at simplifying two key tasks: creating new nowcasting...

I argue that the outbreak of the Great War facilitated a shift in the dominant view of human nature within the Cambridge-Bloomsbury intelligentsia, steering it away from an optimistic view toward a pessimistic one. The conceptualization of human reason and rationality within this group, however,...

This chapter presents evidence of the challenges faced by women and underrepresented minorities in Economics. It, first, examines the demographics of the economics profession, highlighting significant disparities in representation. Despite some progress, under representation remains prevalent at...

This chapter presents evidence of the challenges faced by women and underrepresented minorities in Economics. It, first, examines the demographics of the economics profession, highlighting significant disparities in representation. Despite some progress, under representation remains prevalent at...

We contribute to the research on gender representation in economics by documenting the share of women among economists in a variety of leadership positions in the academic, but also in the private and public sectors, both globally and by region. For the years 2019 to 2023, we find women...

Using dissertation research topics found in the EconLit database and large-scale algorithmic methods that identify author demographics based on names, we explore the link between race and ethnicity and fields of economic research. We find that underrepresented racial and ethnic minority (URM)...

Seit vielen Jahrzehnten kämpfen Frauen für ihre wirtschaftliche Gleichstellung und Unabhängigkeit. Themen wie gleicher Lohn für gleiche Arbeit, die Vereinbarkeit von Familie und Beruf und die gerechte Verteilung von bezahlter und unbezahlter Arbeit stehen dabei im Fokus. Trotz der von...

We use process tracing to test the hypothesis of a specific strategy in the process of discussing and enacting a policy agenda. Our case study is Colombia, where the trace of events and milestones allow us to detect the strategy followed in implementing neoliberal reforms during the 1980s-2000s....

Der 300. Geburtstag von Adam Smith bot 2023 die Gelegenheit, sich ausführlich mit Leben, Werk und Nachwirkung des Gründers der modernen Ökonomik zu beschäftigen. Die acht Beiträge dieses Bandes bieten nicht nur einen ausführlichen Überblick über den aktuellen Stand der ökonomischen und...

Through their writing, people often reflect their values. Since the 1970s, academic economists have gradually changed their third-person pronoun choices, from using the masculine form to incorporating feminine and plural forms. We document this transition empirically, and examine the role of...

Der 300. Geburtstag von Adam Smith bot 2023 die Gelegenheit, sich ausführlich mit Leben, Werk und Nachwirkung des Gründers der modernen Ökonomik zu beschäftigen. Die acht Beiträge dieses Bandes bieten nicht nur einen ausführlichen Überblick über den aktuellen Stand der ökonomischen und...

Economists have become very influential intellectuals in our contemporary society. The scientific knowledge produced by the discipline and the academic status of economists can be considered as a decisive power resource in media debates and politics. The current state of economics has been...

Economists have become very influential intellectuals in our contemporary society. The scientific knowledge produced by the discipline and the academic status of economists can be considered as a decisive power resource in media debates and politics. The current state of economics has been...

Sheila Dow emphasizes the importance of context when reading a text. Here, I underline her point by presenting David Hume as inherently Scottish political economist. His economic concerns, his economic problems, and proposed economic solutions are shaped by the experience of 18th century...

When the Great Depression struck the United States, Oliver M.W. Sprague was America’s foremost expert on financial crises. His History of Crises under the National Banking System is a frequently cited classic. Had he diagnosed a banking panic and called for an aggressive response by the...

This paper provides an overview of some of the key, and neglected, themes in Kenneth Boulding’s scholarship. We discuss three of his books—The Image, Stable Peace, and Three Faces of Power. These books reflect Boulding’s emphasis on individual agency, subjectivism, the nature of knowledge,...

Economists have become very influential intellectuals in our contemporary society. The scientific knowledge produced by the discipline and the academic status of economists can be considered as a decisive power resource in media debates and politics. The current state of economics has been...

Friedrich Hayek has been one of the dominating intellectual figures of the 20th century. Hayek, together with Gunnar Myrdal, received the 1974 Nobel Memorial Prize in economics, for "their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the...

This report summarizes the representation of gender and racial minorities in the economics profession, focusing particularly on the 2021/2022 school year cycle. Specifically, it documents trends in the representation of gender and racial minorities in the top 20 Economics Departments and the top...

The paper examines Robert Sugden’s arguments for contractarian economics, which exclude objective valuation. From a metaethical stance we claim that it is possible and desirable to enrich the axiology of contractarian economics to make it more convincing and applicable. Analyzing Sugden's...

Economists have provided multiple pictures of how human beings’ aims work. Some have claimed that preferences are identical between all human beings. Others propose desires are in some measure under the desirer’s own control. I propose that the contemporary moral theory of exemplarism...

I quantify and analyze the gender gap in the representation of economists on Wikipedia. For a large sample of actively-publishing economists I document that women are less than half as likely to have a biographical entry on the English-language Wikipedia than men. I predict the likelihood of...

Alfred Marshall and Mary Paley Marshall are often described as the first academic economist couple. Both studied at Cambridge University, where Paley became one of the first women to take the Tripos exam and the first female lecturer in economics, with Marshall’s encouragement. But in later...