Sheila C Dow
Biographic Data
| ID | 1007309 |
|---|---|
| NAME | Sheila C Dow |
| GIVEN NAMES | Sheila C |
| FAMILY NAME | Dow |
| SIGNATURE | DOW S C |
| AFFILIATIONS | University of Stirling |
| ORCID | 0000-0001-9969-197X |
| VERIFIED | Yes |
| TOTAL WORKS | 57 |
| TOTAL CITATIONS | 205 |
| AUTHOR COUNT | 57 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1976 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 7 |
Paul Davidson: A Kind Man and a Forceful Debater in the Interests of Real-World Progress
Smith at 300: Adam Smith on Rhetoric and the Philosophy of Science
“We need not be surprised ... that the Cartesian philosophy ..., though it does not perhaps contain a word of truth, ... should nevertheless have been so universally received by all the Learned in Europe at that time. ... [They] greedily receive[d] a work which we justly esteem one of the most entertaining Romances that has ever been wrote.” LRBL ii.134
Victoria Chick 1936–2023
David Hume on history, development and happiness: Interconnections
The purpose of this paper is to explore the interconnections between Hume’s thought as a philosopher, a historian and an economist, illustrated with respect to his thought on history, development and happiness. It is argued that differences in the interpretation of Hume have an epistemological origin, reflecting either a closed-system approach or some kind of open-system approach. These differences are explored in relation to Hume’s own epistemol…
Geoff Harcourt and the Central Role of Values in Economics
It is impossible to separate Geoff Harcourt’s economics from his moral values, both professed and practiced. His work exemplifies the view within the political economy approach that values are inevitably embedded in theory. This characteristic is in sharp contrast with the central tenet of the mainstream view of economic science that it is technical and thus value-free. In considering the role of values in economics we focus particularly on the d…
Scottish enlightenment historical epistemology and modern challenges for economic thought
Cet article examine les défis épistémologiques actuels de l’économie à travers le prisme de l’épistémologie des Lumières écossaises. Smith et Hume s’étaient concentrés sur la manière dont les connaissances (provisoires et incertaines) étaient formulées, en examinant comment des circonstances différentes engendrent et soutiennent différentes théories et approches. Sur cette base, nous explorons le discours actuel sur la manière dont les économiste…
Political Economy as a Methodological Approach
The term ‘political economy’ has been, and still is, applied in a variety of ways. The case is made here for understanding it in terms of a common philosophical/methodological approach to economics. It can therefore encompass a range of bodies of theory that apply some form of open-system approach. The sociological dimension is also considered with respect to the relative power of different approaches within the discipline. The scope for enhancin…
Alfred Marshall, Evolutionary Economics and Climate Change: Fourth Annual Tiziano Raffaelli Lecture, STOREP Conference, Rome, October 2020
The way in which any topic is analysed in economics depends on methodological approach. The purpose here is to explore the argument that the way in which climate change is addressed depends on how economics is understood to relate to the physical environment and also to the social and ethical environment. This involves an exploration of the formation of knowledge, both in economics and in the economy. Alfred Marshall’s evolutionary approach to kn…
Margaret Schabas and Carl Wennerlind, A Philosopher’s Economist: Hume and the Rise of Capitalism
There have been many analyses of particular aspects of Hume’s economics, but this monograph by Margaret Schabas and Carl Wennerlind is the first comprehensive book-length account in English of Hume as an economist. The aim is to address what they see as an underappreciation of this aspect of Hume and to do so by exploring his economic ideas in relation to the full body of his work, in particular his epistemology and ethics. As noted Hume scholars…
The role of credit in regional divergence: Spanish regions and Eurozone countries
This paper provides a theoretical account of the role of regional differences in cyclical patterns of credit availability for patterns of regional convergence or divergence. While mainstream theories imply either equalising regional capital flows, or else lower credit availability for peripheral regions due to market imperfections, Post-Keynesian theory of liquidity preference and financial structure imply the scope for greater credit volatility …
Monetary Reform, Central Banks, and Digital Currencies
The modern debate about monetary reform has taken on a new twist with the development of private digital currencies employing distributed ledger payments technology. In order to consider the appropriate state response, we go back to first principles of money and finance and the case for financial regulation: to ensure provision of a safe money asset and a stable supply of credit within an inherently unstable financial system. We consider calls to…
Regional Finance
Analysis of the relationship between regional economic conditions and finance varies according to the underlying theoretical framework. Mainstream analysis allows a lasting effect of finance only as a result of financial inefficiency, which may persist but is ultimately eliminable. In contrast, Post‐Keynesian analysis of regional finance focuses on the spatial dimension of enduring interrelationships between real and financial developments. While…
Keynes, the Long Run, and the Present Crisis
Keynes was always alert to the fact that capitalism, though in his mind the most efficient form of economic organization, was flawed in many respects and often offered its participants no incentive to rearrange matters to bring about a better outcome. In this paper the authors briefly review some of his schemes to illustrate the general shape of his thinking on the flaws of capitalism and their correctives, and then expand on one of his concerns—…
Interest Rates and Convergence across Italian Regions
Dow S., Montagnoli A. and Napolitano O. Interest rates and convergence across Italian regions, Regional Studies. The purpose of this paper is to investigate the evidence for economic convergence across Italian regions using trends in interest rate spreads and premia as indicators of regional credit conditions. The results indicate the presence of persistent interest rate differentials, and thus an absence of convergence across the twenty politica…
Animal Spirits Revisited
The term ‘animal spirits’ has returned to academic and public discourse in a way which departs significantly from the original use of the term by Keynes. The new behavioural economics literature uses the term to refer to a range of behaviour which falls outside what is normally understood as rational. This treatment follows from the mainstream dichotomisation between rationality and irrationality. However Keynes explained that, given fundamental …
Hume and the Scottish Enlightenment: Two Cultures
A fi losofi a e a economia de David Hume são fundamentais para qualquerconsideração do Iluminismo Escocês. Está atualmente bem estabelecido que esseiluminismo se caracterizou por uma abordagem epistemológica particular que odistingue de outros, especialmente de iluminismos racionalistas. Enquanto muitasexplicações têm sido oferecidas para essa abordagem distinta, pouca atenção tem sidodada para a presença na Escócia de duas culturas completamente…
David Hume and Modern Economics
Hume’s contribution to modern economics is normally thought of in terms of his early statement of the quantity theory of money, and to a lesser extent his views on trade and development. At a methodological level the influence from his empiricism is commonly traced to the development of econometrics. But if we explore his philosophy more fully, we find a much richer set of ideas which can illuminate the way we approach issues in modern economics.…
Knowledge, Communication and the Scottish Enlightenment
Cet article étudie les idées qu’Adam Smith et ses contemporains (en particulier Hume) ont développé sur la rhétorique en relation avec leur philosophie et leur analyse économique, tout en les situant dans le contexte des Lumières Écossaises. Les débats sur le langage en Écosse à cette époque se démarquaient des approches traditionnelles, lesquelles mettaient l’accent sur la persuasion ou le style, pour insister sur une notion plus large de commun…
Mainstream Methodology, Financial Markets and Global Political Economy
The experience of financial markets in the global economy is open to a variety of interpretations, based on different framings, with important consequences for economic policy. Knowledge about financial markets, and the methodology employed to build it, can be understood in terms of framing. The underlying argument of the paper is in favour of considering the framing of financial markets within an open-system approach, allowing input from other d…
The Uzbek puzzle revisited: An analysis of economic performance in Uzbekistan since 1991
During the early years of transition output fell dramatically in almost all transition economies. However, the Uzbek experience was an exception to this rule. Output fell only slightly, soon to be followed by small but positive and persistent economic growth. This extraordinary performance, known as the Uzbek Puzzle, was explained in the literature by favourable economic conditions such as the dominance of agricultural production, the low level o…
The Regional Transmission of UK Monetary Policy
Dow S. C. and Montagnoli A. (2007) The regional transmission of UK monetary policy, Regional Studies 41, 797–808. Concerns have been raised in the media about a ‘one-size-fits-all’ monetary policy for the UK. If there are diverse economic conditions in different regions, then a unitary monetary policy cannot suit all. The purpose of this paper is to explore this issue further by breaking it down into two separate issues. First there is the more c…
Transforming Economics Through Critical Realism: Themes and Issues
Years a Keynesian and Other EssaysSelected Essays on Economic Policy
Journal Article 50 Years a Keynesian and Other EssaysSelected Essays on Economic Policy Get access By G. C. Harcourt (Basingstoke and London: Palgrave, 2001. Pp. xii + 364. £47.50 hardback. ISBN 0 333 94633 2.)By G. C. Harcourt. (Basingstoke and London: Palgrave, 2001. Pp. xvi + 354 £50.00 hardback. ISBN 0 333 94632 4.) Sheila Dow Sheila Dow University of Stirling Search for other works by this author on: Oxford Academic Google Scholar The Econom…
Reorienting Economics: Some epistemological issues
First paragraph: In setting out some reactions to Tony Lawson's new book, Reorienting Economics, the first point to emphasize is how welcome the volume is. It is an evolution from Economics and Reality in a variety of ways. It sets out the development of Lawson's thinking, often explicitly in response to reactions to the earlier book. In particular, Lawson has taken the opportunity to address (mistaken) dualistic readings of the earlier book (a c…
The Prospects Facing an Independent Scotland in the Euro-Zone Alongside the Rest of the UK
First paragraph: This paper explores the scenario of Scotland belonging to EMU as an independent country, with the rest of the UK also a member. We consider transitional issues, (the order in which various events occur turns out to be potentially crucial), the implications of Maastricht, the likely effects on the Scottish economy of being in EMU, and finally the policy options open to an independent Scottish government
Regional Finance: A Survey
First paragraph: The role of money and financial markets in the regional economy has been attracting increasing attention in recent years. It has been a topic of interest for longer in the US literature, reflecting the regional concerns of a federal state. But now European financial integration and more general political changes have raised the importance of the topic for Europe. The relevant literature is now sufficiently large and diverse that …
Macroeconomic Thought: A Methodological Approach
Journal Article Macroeconomic Thought: A Methodological Approach Get access Macroeconomic Thought: A Methodological Approach. By SHEILA C. DOW. (Oxford: Basil Blackwell, 1985. Pp. 278. £19. 50.) E. Roy Weintraub E. Roy Weintraub Duke University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 95, Issue 380, 1 December 1985, Pages 1116–1118, https://doi.org/10.2307/2233282 Published: 01 December…
The Regional Financial Sector: A Scottish Case Study
DOW S. C. (1992) The regional financial sector: a Scottish case study, Reg. Studies 26, 619–631. The regional finance literature suggests that financial market segmentation may affect regional economic activity, but that the UK financial sector is sufficiently integrated to rule out this effect. This paper attempts to broaden the scope of the debate by considering the credit creating behaviour of the banking sector together with the (interdepende…
EMU and the Regional Impact of Monetary Policy
EMU and the regional impact of monetary policy, Reg. Studies 37, 969- 980. In this paper we focus on a topic which has been attracting renewed interest because of monetary unification in Europe: the regional dimension of national monetary policies. Most of the debate over the regional implications of the Euro has been developed within the Optimum Currency Area framework. According to this theory, European monetary policy would have regional effec…
The Regional Transmission of UK Monetary Policy
Dow S. C. and Montagnoli A. (2007) The regional transmission of UK monetary policy, Regional Studies 41, 797–808. Concerns have been raised in the media about a ‘one-size-fits-all’ monetary policy for the UK. If there are diverse economic conditions in different regions, then a unitary monetary policy cannot suit all. The purpose of this paper is to explore this issue further by breaking it down into two separate issues. First there is the more c…
The Structure of Financial Markets and the ‘First Principles’ of Monetary Economics
There has been a significant degree of financial restructuring over the last few decades, which has prompted a rethinking of the first principles of monetary economics. The focus here is on how four specifications of these principles address such issues as the need for central banks and the potential for separation of the monetary functions. The case is made for one approach, which suggests that the need to establish trustworthy credit relations,…
Debt, Financial Fragility, and Systemic Risk
Journal Article Debt, Financial Fragility, and Systemic Risk Get access Debt, Financial Fragility, and Systemic Risk. By (E.P.) Davis. (Oxford and New York: Clarendon Press, 1992. Pp. vii + 314. £30.00 hardback. ISBN 0 19 828752 6.) Sheila C. Dow Sheila C. Dow University of Stirling Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 104, Issue 422, 1 January 1994, Pages 163–165, https://doi.org/1…
Rational Expectations in Macroeconomics: An Introduction to Theory and Evidence
Journal Article Rational Expectations in Macroeconomics: An Introduction to Theory and Evidence Get access Rational Expectations in Macroeconomics: An Introduction to Theory and Evidence. By C. L. F. ATTFIELD, D. DEMERY and N. W. DUCK. (Oxford: Basil Blackwell, 1985. Pp. xii + 211. £19.50 hardback, £7.95 paperback.) Sheila C. Dow Sheila C. Dow University of Stirling Search for other works by this author on: Oxford Academic Google Scholar The Econ…
Monetary Reform, Central Banks, and Digital Currencies
The modern debate about monetary reform has taken on a new twist with the development of private digital currencies employing distributed ledger payments technology. In order to consider the appropriate state response, we go back to first principles of money and finance and the case for financial regulation: to ensure provision of a safe money asset and a stable supply of credit within an inherently unstable financial system. We consider calls to…
Interest Rates and Convergence across Italian Regions
Dow S., Montagnoli A. and Napolitano O. Interest rates and convergence across Italian regions, Regional Studies. The purpose of this paper is to investigate the evidence for economic convergence across Italian regions using trends in interest rate spreads and premia as indicators of regional credit conditions. The results indicate the presence of persistent interest rate differentials, and thus an absence of convergence across the twenty politica…
The Uzbek puzzle revisited: An analysis of economic performance in Uzbekistan since 1991
During the early years of transition output fell dramatically in almost all transition economies. However, the Uzbek experience was an exception to this rule. Output fell only slightly, soon to be followed by small but positive and persistent economic growth. This extraordinary performance, known as the Uzbek Puzzle, was explained in the literature by favourable economic conditions such as the dominance of agricultural production, the low level o…
Reorienting Economics: Some epistemological issues
First paragraph: In setting out some reactions to Tony Lawson's new book, Reorienting Economics, the first point to emphasize is how welcome the volume is. It is an evolution from Economics and Reality in a variety of ways. It sets out the development of Lawson's thinking, often explicitly in response to reactions to the earlier book. In particular, Lawson has taken the opportunity to address (mistaken) dualistic readings of the earlier book (a c…
The Scottish Political Economy Tradition and Modern Economics
The purpose of this article is to re‐examine the notion of a Scottish tradition in political economy in the light of recent developments in the methodology of economics. Consideration is given to the concept of tradition itself, which puts the focus on approach to theorising and the relationship between theory and reality rather than theoretical content. It is argued that the Scottish approach provided the foundations for much of modern political…
Why the Banking System Should be Regulated
First paragraph: It has long been taken for granted that the financial system should be regulated. That this should now be open to question is to be welcomed. It is important in general to question assumptions, but it is particularly important to do so in the case of a sector which has undergone such major change over the last few decades. It is necessary therefore to go back to first principles and examine the implications of these principles in…
Free Banking in Scotland, 1695–1845
First paragraph: Scottish banking history has been exposed to some scrutiny of late as a result of the growing popularity of the argument in favour of free banking. Free banking can take a range of meanings: freedom of entry to banking is one example, freedom from regulation another. But here we refer to a more radical notion of free banking. This entails an unregulated banking system whose liabilities perform many functions without the backing o…
Money and Regional Development
It is a fact that economic development does not proceed evenly among the regions of Western economies. Yet uneven regional development within developed capitalist economies has aroused little interest among orthodox economists of both the mainstream and the Marxist schools of thought. It has been economists in the political economy tradition who have provided most insights, and it is in line with this tradition that we will address here the speci…
The Scottish Political Economy Tradition
Political economy is attracting renewed interest, given the crisis in orthodox economics. This artic le focuses on the Scottish tradition in political economy, which took its character from the style of reasoning engendered by the Enlighte nment, and the issues, moral and practical, to which that reasoning w as addressed. It is style of reasoning and method of enquiry which de fine a school of thought, and it is at this level that the Scottish t …
The Regional Composition of the Money Multiplier Process
The role of credit in regional divergence: Spanish regions and Eurozone countries
This paper provides a theoretical account of the role of regional differences in cyclical patterns of credit availability for patterns of regional convergence or divergence. While mainstream theories imply either equalising regional capital flows, or else lower credit availability for peripheral regions due to market imperfections, Post-Keynesian theory of liquidity preference and financial structure imply the scope for greater credit volatility …
Post-Keynesianism as political economy: A methodological discussion ∗
The purpose of this article is to develop a means of classifying post-Keynesianism with reference to methodology. I have attempted to achieve this by distinguishing between different types of realism. When we integrate this with the important notion of vision, best viewed as a means of understanding rather than appraising alternative perspectives, a more robust characterization of post-Keynesianism becomes possible
Mainstream Methodology, Financial Markets and Global Political Economy
The experience of financial markets in the global economy is open to a variety of interpretations, based on different framings, with important consequences for economic policy. Knowledge about financial markets, and the methodology employed to build it, can be understood in terms of framing. The underlying argument of the paper is in favour of considering the framing of financial markets within an open-system approach, allowing input from other d…
History of Economic Thought in the Post-Keynesian Tradition
First paragraph: Casual inspection ofthe post-Keynesian literature, like other heterodox literatures, reveals an extent ofref erence to historical texts and analysis ofthe se texts that is unusual in modern economics, although not in earlier economic literature. The purpose ofthis essay is to provide an account ofthe part that history ofthought plays in post-Keynesian economics, and how history ofthought is understood within the school. I will ar…
Interpretation: The Case of David Hume
First paragraph: This essay offers an account of the different interpretations of David Hume, dating from the interpretations of his contemporaries in Scotland, in order to illustrate the importance of considering the context of interpretation as well as that of the text. The context of interpretation is taken to include the different conceptual and intentional contexts of contemporary interpreters as well as the different contexts of time and sp…
Keynes, the Long Run, and the Present Crisis
Keynes was always alert to the fact that capitalism, though in his mind the most efficient form of economic organization, was flawed in many respects and often offered its participants no incentive to rearrange matters to bring about a better outcome. In this paper the authors briefly review some of his schemes to illustrate the general shape of his thinking on the flaws of capitalism and their correctives, and then expand on one of his concerns—…
Animal Spirits Revisited
The term ‘animal spirits’ has returned to academic and public discourse in a way which departs significantly from the original use of the term by Keynes. The new behavioural economics literature uses the term to refer to a range of behaviour which falls outside what is normally understood as rational. This treatment follows from the mainstream dichotomisation between rationality and irrationality. However Keynes explained that, given fundamental …
Canadian Perspectives on Wage-Price Guidelines: A Book of Readings
The Regional Composition of the Money Multiplier Process
Money Matters: A Keynesian Approach to Monetary Economics
Macroeconomic Thought: A Methodological Approach
Journal Article Macroeconomic Thought: A Methodological Approach Get access Macroeconomic Thought: A Methodological Approach. By SHEILA C. DOW. (Oxford: Basil Blackwell, 1985. Pp. 278. £19. 50.) E. Roy Weintraub E. Roy Weintraub Duke University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 95, Issue 380, 1 December 1985, Pages 1116–1118, https://doi.org/10.2307/2233282 Published: 01 December…
The Capital Account and Regional Balance of Payments Problems
Many regional issues can be expressed in terms of regional balance of payments accounts. This framework in turn highlights a feature of regional economics to which little attention is paid: inter-regional capital flows. It is the presumption that these flows accommodate demand which explains the apparent absence of regional balance of payments problems. In fact, if capital flows are not accommodating, then regional balance of payments problems ma…
Rational Expectations in Macroeconomics: An Introduction to Theory and Evidence
Journal Article Rational Expectations in Macroeconomics: An Introduction to Theory and Evidence Get access Rational Expectations in Macroeconomics: An Introduction to Theory and Evidence. By C. L. F. ATTFIELD, D. DEMERY and N. W. DUCK. (Oxford: Basil Blackwell, 1985. Pp. xii + 211. £19.50 hardback, £7.95 paperback.) Sheila C. Dow Sheila C. Dow University of Stirling Search for other works by this author on: Oxford Academic Google Scholar The Econ…
Money and Regional Development
It is a fact that economic development does not proceed evenly among the regions of Western economies. Yet uneven regional development within developed capitalist economies has aroused little interest among orthodox economists of both the mainstream and the Marxist schools of thought. It has been economists in the political economy tradition who have provided most insights, and it is in line with this tradition that we will address here the speci…
The Scottish Political Economy Tradition
Political economy is attracting renewed interest, given the crisis in orthodox economics. This artic le focuses on the Scottish tradition in political economy, which took its character from the style of reasoning engendered by the Enlighte nment, and the issues, moral and practical, to which that reasoning w as addressed. It is style of reasoning and method of enquiry which de fine a school of thought, and it is at this level that the Scottish t …
Macroeconomic Thought: A Methodological Approach
Idle Balances and Keynesian THEORY
This paper treads a path between assuming an extensive familiarity with the issues, on the one hand, and on the other provoking the criticism of saying nothing new. Quite apart from the intrinsic interest ,of the debates at Cambridge University in the 1930s, we would see a useful place for idle balances in the analytical vocabulary of modern Keynesians. The term may not be without a current utility. Examination of the earlier debate serves to hig…
Controversies in political economy: Selected essays of G. C. Harcourt
Other| March 01 1989 Controversies in political economy: selected essays of G. C. Harcourt G. C. Harcourt O. F. Hamouda. New York: New York University Press, 1986. Pp. 293. $40.00. Sheila C. Dow Sheila C. Dow Search for other works by this author on: This Site Google History of Political Economy (1989) 21 (1): 155–158. https://doi.org/10.1215/00182702-21-1-155 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Sit…
Post-Keynesianism as political economy: A methodological discussion ∗
The purpose of this article is to develop a means of classifying post-Keynesianism with reference to methodology. I have attempted to achieve this by distinguishing between different types of realism. When we integrate this with the important notion of vision, best viewed as a means of understanding rather than appraising alternative perspectives, a more robust characterization of post-Keynesianism becomes possible
The State and the Monetary System
Journal Article The State and the Monetary System Get access The Stale and the Monetary System. By KEVIN DOWD (New York and London: Philip Allan, 1989. Pp. ix + 213. £27.50 hardback. ISBN 0 86003 088 1).Competition and Currency: Essays on Free Banking and Money. By H. WHITE LAWRENCE (New York University Press, 1989. Pp. ix + 260. US $44.00 hardback. ISBN 0 8147 9224 3). Sheila C. Dow Sheila C. Dow University of Stirling Search for other works by …
Scottish business in Europe: A comment
By outlining the strength and distinctive characteristics of the Scottish financial sector, James Scott puts forward a strong case for the Eurofed to be located in Edinburgh. His argument is reinforced by reference to the cohesion principle of balanced economic development in the Community; siting the Eurofed in Edinburgh could be an important signal of the Community's commitment to the principle, as well as providing spin-offs for the Scottish f…
Post-Keynesian methodology: A comment
Free Banking in Scotland, 1695–1845
First paragraph: Scottish banking history has been exposed to some scrutiny of late as a result of the growing popularity of the argument in favour of free banking. Free banking can take a range of meanings: freedom of entry to banking is one example, freedom from regulation another. But here we refer to a more radical notion of free banking. This entails an unregulated banking system whose liabilities perform many functions without the backing o…
The Regional Financial Sector: A Scottish Case Study
DOW S. C. (1992) The regional financial sector: a Scottish case study, Reg. Studies 26, 619–631. The regional finance literature suggests that financial market segmentation may affect regional economic activity, but that the UK financial sector is sufficiently integrated to rule out this effect. This paper attempts to broaden the scope of the debate by considering the credit creating behaviour of the banking sector together with the (interdepende…
On Money, Method and Keynes: Selected Essays. Victoria Chick
The Experience of Free Banking
Journal Article The Experience of Free Banking Get access The Experience of Free Banking. Edited by Dowd (Kevin). (London and New York: Routledge, 1992. Pp. xi + 275. £40.00 hardback. ISBN 0 415 04808 7.) Sheila C. Dow Sheila C. Dow University of Stirling Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 103, Issue 418, 1 May 1993, Pages 743–744, https://doi.org/10.2307/2234549 Published: 01 May…
Debt, Financial Fragility, and Systemic Risk
Journal Article Debt, Financial Fragility, and Systemic Risk Get access Debt, Financial Fragility, and Systemic Risk. By (E.P.) Davis. (Oxford and New York: Clarendon Press, 1992. Pp. vii + 314. £30.00 hardback. ISBN 0 19 828752 6.) Sheila C. Dow Sheila C. Dow University of Stirling Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 104, Issue 422, 1 January 1994, Pages 163–165, https://doi.org/1…
Economic Policy Options for a Scottish Parliament
This article considers the impact on the Scottish economy of alternative constitutional arrangements. A reappraisal is appropriate because of the continuing interest in constitutional change in Scotland and the dearth of informed debate on its economic impact. In the paper, we discuss the impact of both devolution and independence, but assume that whatever constitutional change takes place, Scotland remains within the European Community
Why the Banking System Should be Regulated
First paragraph: It has long been taken for granted that the financial system should be regulated. That this should now be open to question is to be welcomed. It is important in general to question assumptions, but it is particularly important to do so in the case of a sector which has undergone such major change over the last few decades. It is necessary therefore to go back to first principles and examine the implications of these principles in…
Feature review
Economics and Reality Tony Lawson (Routledge, 1997)
The Scottish Political Economy Tradition and Modern Economics
The purpose of this article is to re‐examine the notion of a Scottish tradition in political economy in the light of recent developments in the methodology of economics. Consideration is given to the concept of tradition itself, which puts the focus on approach to theorising and the relationship between theory and reality rather than theoretical content. It is argued that the Scottish approach provided the foundations for much of modern political…
Regional Finance: A Survey
First paragraph: The role of money and financial markets in the regional economy has been attracting increasing attention in recent years. It has been a topic of interest for longer in the US literature, reflecting the regional concerns of a federal state. But now European financial integration and more general political changes have raised the importance of the topic for Europe. The relevant literature is now sufficiently large and diverse that …
Economics (51 works) · Political science (27 works) · Economic Theory and Policy (25 works) · Economic Theory and Institutions (24 works) · Philosophy (18 works) · Politics (15 works) · Sociology (15 works) · Epistemology (14 works) · Philosophy (14 works) · Law (13 works)