Was Knut Wicksell a conservative or a radical? A note on an early monograph by Knut Wicksell

The article reviews a small monograph by K. Wicksell entitled Our taxes. Who pays them and who should pay them? It sheds some light on why Wicksell, a radical of his time, was so conservative as an economist. This paradox comes because Wicksell, as an economist, is often brought in line with the unanimity principle. Correctly seen, Wicksell pleaded for general franchise and proportional representation under the unanimity constraint. This was a radical proposal in his time because it contributed to shift the burden of taxation from the poor to the rich by implementing the benefit principle.

     

Adolescent discipline: Different family members' perception

Adolescence is perhaps the most difficult period of child rearing for parents. This study attempted to identify disciplinary techniques used by parents as perceived by mothers, fathers, and their adolescent children. Results indicated several significant areas of intrafamilial disagreement in regard to disciplinary techniques utilized, although all subjects tended to agree that some form of verbal reasoning was the primary disciplinary technique utilized with these adolescents.This study was funded, in part, by the Ohio Agricultural Research and Development Center (H-644) and the School of Home Economics, The University of Georgia.Received his Ph.D. in child and family studies from the University of Tennessee. Current interests include adolescent development, family influences on sex-role development, and dual-work families.Received her Ph.D. in sociology from Iowa State University. Major interests include family research methodology, assessment of family power, and marital dissolution.Received her Ph.D. in educational psychology from the University of Texas. Current research interests include parenting, sex roles, and socialization across the life-span.     

Adolescents and television

This study was divided into two parts. The first part consisted of an investigation of the frequency of television viewing among a sample of 2302 15-year-olds in 12 comprehensive schools. Subjects were divided into two groups, high and low frequency viewers, according to their own estimate of viewing time. The general picture which emerged (with some overlap of scores) was that high frequency viewers tended to be more neurotic and introverted; less intelligent; had less favorable attitudes to school; were less likely to think sport was important; were more likely to be bored in their leisure time; and possessed different social attitudes than low frequency viewers. The second part of the study investigated the program preferences of a subsample of over 900 subjects drawn from the main study. Little difference was found in the program preferences of high and low frequency viewers, but clear differences of preference were found between the sexes.Received his Ph.D. from the University of Aberdeen. Main research interests include social factors influencing education, adolescence, sports psychology, community education, and social psychology.Received her M.Ed. from the University of Aberdeen. Main research interests include community education and television.     

Mapping Public Participation in Policy Choices

In an era of democratic discontent, more and better participation in policy making has become a standard expectation. Yet it is rarely clear what counts as participation, and how the many practices loosely bundled under the label should be understood. This paper has a modest undergrowth‐clearing objective: to examine assumptions behind competing typologies of participation, and to propose a classification framework less laden by idealist notions of democracy.     

Underwriters' counsel as gatekeeper or turnstile: an empirical analysis of law firm prestige and performance in IPOs

The first 150 words of the full text of this article appear below. Key points

• The article investigates the relationship betweenpricing in an initial public offering (IPO) and the prestigeof the participating underwriters’ law firm.
• The hypothesisof the article is that law firm quality affects how law firmsperform their obligations in IPOs—more prestigious lawfirms acting more independently. Consistent with this hypothesis,the authors find a negative relationship between pre-IPO priceadjustment and the participation of prestigious underwriters’counsel, and a negative relationship between the participationof prestigious underwriters’ counsel and initial return,which is consistent with market trading reflecting the decreasedrisk associated with offerings involving prestigious underwriters’counsel.
• Finally, it is found that certain observable characteristicsindicating diminished likelihood of undisclosed negative information(venture backing and quality of the issuer's counsel) are associatedwith an increased likelihood that prestigious underwriters’counsel is used.