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"Staveren, Irene van"
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Economics after the crisis : an introduction to economics from a pluralist and global perspective
\"Economics After the Crisis is an introductory economics textbook, covering key topics in micro and macro economics. However, this book differs from other introductory economics textbooks in the perspective it takes, and it incorporates issues that are presently underserved by existing textbooks on the market. This book offers an introduction to economics that takes into account criticisms of the orthodox approach, and which acknowledges the role that this largely Western approach has played in the current global financial and economic crisis. A key feature of the book is its global approach: it offers examples from countries all over the world, including from developing and emerging economies. The chapters discuss all major economic topics, including individuals and households; the behaviour of consumers; the behaviour of firms; markets; the role of the state; public goods and commons; labour markets; capital markets; the macroeconomic flow; economic growth; international trade; nature and environmental externalities; poverty and wellbeing. Throughout, the book presents theoretical perspectives in which social structures, relatedness, uncertainty, and social norms provide key economic explanations, contrasting these with the idealized worldview of neoclassical economics. Economics After the Crisis is designed for a one-semester introductory course in economics, primarily at undergraduate but also at postgraduate level, and is suitable for students from a range of disciplines. It will be of particular relevance to those students with an interest in developing economies\"-- Provided by publisher.
Book
The Lehman Sisters hypothesis
This article explores the Lehman Sisters hypothesis. It reviews empirical literature about gender differences in behavioural, experimental and neuro-economics as well as in other fields of behavioural research. It discusses gender differences along three dimensions of financial behaviour: risk aversion and response to uncertainty, ethics and moral attitudes, and leadership. The article argues that gender stereotypes are influential in finance, constraining women to achieve top positions in banking and sustaining a strong masculine culture. At the same time the analysis indicates that the few women who make it to the top tend to perform on average better than men, in particular under uncertainty. This is explained by a combination of gender beliefs, gender stereotypes, gender identity and flexible biological processes. Although further research is necessary, the existing empirical literature would support a plea for having more rather than fewer women in financial trade, risk management and at the top of the financial sector.
Journal Article
Migraine and stress-an exploratory cross-country study of external stress factors
The data collected by the Global Burden of Disease 2016 project indicate that migraine ranks second in high-income countries with very competitive and flexible labour markets, and first in low- and middle-income countries suffering from civic unrest and conflict. This raises the question whether external stress factors may be correlated with migraine years lived with disability per 100,000 inhabitants (YLD). The objective of this exploratory study is to test the hypothesis that external stress factors are correlated with the prevalence and severity of migraine at the country level. The analysis uses two country groups: developed and developing countries. For the first group, the proxy variables for stress are labour productivity and unemployment rate. For the second group, the proxy variables measure conflict-related deaths and share of migrant/refugee population.
The results show a positive relationship between the stress variables on the one hand and migraine YLD on the other hand for both country groups. Almost all results are statistically significant at p < 0.01. These exploratory findings suggest that societal stress factors may be potential candidates for modifiable factors for the prevalence and/or severity of migraine at the country level.
Journal Article
Dutch banking culture six years after the fall of ABN AMRO bank
This article presents the results of a survey among more than six hundred
bankers in the Netherlands about banking culture. It addresses the question
why trust in banks remains so low (45% of clients trust banks in the
Netherlands). The key findings indicate that the problem is not so much
immoral bankers or a few rotten apples but rather the dominance of a
competitive banking culture. The findings suggest that clients? trust may be
regained when banks leave behind their focus on performance targets,
financial incentives, and behavioral regulation and move instead to a caring
culture with a focus on relationships and open discussion of ethical
dilemma?s.
nema
Journal Article
To Measure is to Know? A Comparative Analysis of Gender Indices
In this paper, I present a comparative analysis of five cross-country composite gender indices. Although there is a relatively high correlation between the indices, the overlap of underlying indicators is low. Country rankings both at the top and at the bottom have parallels but are quite distinct. The differences are explained in two ways: methodologically and theoretically. The methodological differences concern in particular weights, capping, and aggregation. The Capability Approach helps to explain the different focus of each index by distinguishing between four stages of human development, which include distinct types of indicators. The substantial differences that exist between the gender indices require a cautious selection between these for research and policy analysis. This is shown in a few examples with policy variables. Finally, I present a set of three decision trees, which enables an informed choice between the indices.
Journal Article
Unpacking social capital in Economic Development: How social relations matter
Social capital is a contested concept, embraced by the mainstream as \"the missing link\" in economic analysis. This article suggests a way to turn it into a more meaningful understanding of how social relations matter in the economy. It will do so by unpacking the concept into various elements, distinguishing what social relations are from what they do, and by recognizing power in social relationships. We will illustrate our alternative approach with two case studies on the Small and Medium scale Enterprises (SME) footwear sector in Ethiopia and Vietnam. We conclude with suggestions on how this more contextual approach to the understanding of the economic influences of social relations may contribute to social economics.
Journal Article
Caring Finance Practices
The 2008 financial crisis has demonstrated the failure of both utilitarian and deontological ethics in finance. Alternatives do not need to be created from nothing, because the crisis itself has stimulated the emergence of ethically sound finance practices from within the sector. This article presents two cases of such alternatives, which can be understood as caring finance. Caring finance is built around more personal relationships, responsibility, and risk reduction. The examples are from the Netherlands and concern capital financing in a large, international cooperative bank and crowd funding for an organic farm respectively. The case studies cannot replace regulation, but they are feasible complements to regular financial routines, with good private and social returns.
Journal Article
The Values of Economics
In his Ethics, Aristotle argued that human beings try to further a variety of values by balancing them, stating that people try to find a middle road between excess and deficiency. The author develops and applies this idea to the values of economics, arguing that in the economy; freedom, justice and care are also balanced to further ends with scarce means. Freedom is furthered through market exchange, justice through a redistributive role of the state, and care through mutual gifts of labour and sharing of resources in the economy.The book argues that economics is, and has always been, about human values, which guide, enable, constrain and change economic behaviour.
eBook
Modelling care
1
This article compares how different types of models-Walrasian and heterodox-have integrated unpaid labour and, more specifically, care, as an economic activity. The article will discuss four models that have, each in their own way, incorporated unpaid labour, or care, as a variable, a sector, or parameter. The analysis of these model experiences will both reveal insights into the role of models in general, and appear to shed light on unpaid labour and caring as particular economic activities, with their own behavioural specifications and relationships to other economic variables.
1 The paper has benefited from comments at seminars in the spring of 2004 held at the Institute of Social Studies and Nijmegen University, for which the author would like to express her appreciation. In addition, the author would like to express her gratitude to participants at the 2004 World Congress of Social Economics for helpful comments. Suggestions from two reviewers are gratefully acknowledged and proved helpful in improving earlier versions of the paper.
Journal Article
Post-Keynesianism meets feminist economics
This article explores the relationships between post-Keynesian economics and feminist economics. It distinguishes three key concepts in each tradition that recommend serious attention in the other tradition: gender, the household and unpaid work and caring as key concepts in feminist economics; uncertainty, market power and endogenous dynamics as core concepts in post-Keynesian economics. This article will show, with reference to the literature in which such cross-fertilisation has been explored already, how both traditions can be enriched from a stronger mutual engagement.
Journal Article