Werbung und Unternehmensberatung als „:Treuhänder“: expressiver Werte?

This paper discusses the contribution of Parsons’s theory of professions that focuses on the specific modern relationship between value commitment and rationality to the analysis of the field of advertising and (management) consulting occupations, both being considered to be a new type of professions (named economic communicators of culture). However, there are some differences between the classical professions and these new occupational groups. One main difference is the significance of expressivity: advertisers are concerned with expressive functions of consumerism while consultants are implementing values of self-realization and individualism in the work sphere. Therefore, we refer to both, Parsons’s category of expressive culture and to his theory of symbolic media of interchange where he developed the idea that value-commitments are no longer anchored (internalized) in personality structures and institutionalized in occupational roles, but “circulating”. This idea stresses the role of reputation as a source of professional influence and recognition. The connection of these three elements of Parsons’s theory (professions, expressive culture, symbolic media) will contribute to a better understanding of the significance of these new occupational groups, the economic communicators of culture.     

Shareholder wealth effects of legislative events: The case of airline deregulation

This paper presents empirical evidence about the impact on shareholder wealth of legislative events leading to the enactment of the Airline Deregulation Act of 1978. In contrast to prior regulatory event studies, this paper examines not only the final legislative enactment but also the Congressional hearings that preceded it. No significant effect on shareholder wealth is indicated when averaged across all airline firms and all legislative events. Impact of deregulation, however, was expected to be different for trunk airlines than for local airlines. Moreover, market expectations likely changed with the change in the political climate during the course of deregulation deliberations, from an industry financial health emphasis under a Republican (Ford) administration to a consumer welfare emphasis under a Democratic (Carter) administration. We find that trunk airlines experienced significant positive abnormal returns during the Ford administration, but negative abnormal returns during the Carter administration. In contrast, local airlines exhibited significant negative abnormal returns during both the Ford and Carter eras. Systematic risk of both trunk and local airlines also increased with the change in the political climate.     

Gerrymandering and the Voting Rights Act of 1982: A public choice analysis of turnover in the U.S. House of Representatives

The present paper uses various data sets and statistical techniques to examine the outcome of gerrymandering under the Voting Rights Act of 1982 on turnover rates in the U.S. House of Representatives, as well as the competitiveness in Party primaries for House seats. Evidence presented here suggests that political redistricting at the federal level (namely for U.S. House seats) has tended to favor incumbents in both the Party primaries and general elections. In fact, some results suggest that turnover rates (for 1988) are between 8.9 and 10.3 percentage points lower within states that engaged in such redistricting efforts. Our findings generally support the main tenets of the public choice view of legislator behavior.     

A multinominal logit analysis of the influence of policy variables and board experience on FOMC voting behavior

Previous studies have used probit or logit models to analyze two states of monetary policy (tighter or looser). In this paper we employ multinominal logit to permit Federal Reserve monetary policy to assume one of three alternative states (tighter, looser, or no change) as a function of three independent economic variables (unemployment, real growth, and inflation) and the amount of experience of the Board of Governors. The results indicate that the Federal Reserve reacted differently under Burns, Miller and Volcker and between Volcker's two operating procedures in the formulation of monetary policy.     

Conversations in Context: The (Mis)Measurement of Value Change in Advanced Industrial Societies

One aspect of the multifaceted controversy on value change in advanced industrial societies concerns the measurement of values. Analyses of 1976–86 Euro-Barometer data have indicated that responses to the four-item “materialist-postmaterialist” values index are very sensitive to current economic conditions, especially inflation and unemployment rates and, hence, much of the recorded increase in postmaterialism in eight Western European countries since the mid-1970s is artifactual. Although it has been claimed these findings disappear if more recent data are considered, time series analyses reveal that responses to the values measure are strongly affected by prevailing economic conditions throughout the entire 1976–92 period. These aggregate-level findings are buttressed by individual-level analyses of 1989 Euro-Barometer data.     

The politics of sustainable development: impediments to pollution prevention and policy integration in Canada

Abstract: Sustainable development has been widely hailed in Canadian environmental -policy circles, as has its related goals of promoting pollution prevention and integrating policy across sectoral, jurisdictional, and medium (e.g., air, water, land) boundaries. But such broad support has generally not served to translate sustainability into concrete policy initiatives at the federal or provincial levels. Indeed, most Canadian efforts to foster sustainability appear to be largely symbolic in nature, leaving the bulk of environmental regulatory functions highly fragmented by medium and oriented towards pollution control. In comparison with the United States, it remains much more difficult to discern prevention and integration principles being put into practice in Canada in many important areas of environmental policy. The decentralization of policy-making and the lack of policy entrepreneurship within environment ministries in Canada appear to contribute to this comparatively slower response to the challenge of sustainability. Sommaire: Dans les milieux qui formulent les politiques environnementales au Canada, on chante les louanges du développement durable; on vante aussi ses objectifs de promouvoir la prévention de la pollution et d'integrer les politiques au niveau des secteurs, des territoires administratifs et de I'ensemble des trois milieux: air, eau, terre. Cet appui généralisé n'a cependant pas permis, dans l'ensemble, de traduire la durabilité en initiatives concrètes aux niveaux fédéral et provincial. En fait, la plupart des efforts canadiens favorisant la durabilité semblent avoir un caractère largement symbolique, la plupart des fonctions de réglementation environnementale étant fortement fragmentées selon les milieux (air, eau, terre) et orientées vers le contrôle de la pollution. A l'encontre des États-Unis, on a du mal à voir pratiquer au Canada les principes de la prévention et de l'intégration dans de nombreux domaines de politique environnementale. La décentralisation de la formulation des politiques, ainsi que I'inactivité des ministères de l'environnement dans ce domaine, semble contribuer à cette plus grande lenteur face au défi de la durabilité.     

The Coming of Parliamentary Television: The Lords and the Senate Compared

Subscribing to a Burkean view of representation, legislators have long tended to resist constant public scrutiny. In recent years, however, they have overcome this reluctance in a large number of countries and voted to allow the televising of their proceedings. But why they did so remains a mystery. Some media theorists argue that television exposure is a 'great democratizer'. It demystifies public authority figures and obliges them to become more accountable for their actions. The experience of the British House of Lords and the United States Senate suggests instead that television was invited in by rational political actors as a means of achieving their goals in a time of change. In this view, television is best seen not as a force in its own right, but as a medium of communication that can be strategically deployed by goal-oriented political élites responding to different political circumstances and institutional incentive structures.     

Left–right political scales

Nomination: 'Some expert judgments ' live on by Mogens N. Pedersen, p.147
Reflections: Revisiting expert judgements by Peter Mair & Francis G. Castles, p.150