Sentencing white-collar criminals: when is shaming viable?

When does shaming work as an alternative to incarceration and fines in sentencing white-collar criminals? In the light of recent economic downturn and highly publicised instances of white-collar crime, public opinion has demanded harsher sentences for white-collar criminals. In order to appease this demand, as well as consider the pressing problem of prison overpopulation, alternative sanctions, such as formal shaming, have been increasingly studied. Through examination of the costs and consequences of incarceration and shaming, this article will explain that since the costs of shaming sanctions are largely fixed, shaming sanctions are most viable when used in conjunction with alternative sanctions so that courts can impose sanction bundles of costs commensurate with the level of offense committed by an offender.     

慈善事业的经济学分析

慈善事业是社会保障的重要组成部分。作为第三次分配的重要载体,慈善事业具有增加社会福利和社会总消费等方面的经济功能。我国慈善事业的发展时间虽然不长,但发展速度很快,同时也凸显了善款运作方面的问题。文章从产生慈善行为的经济动因出发,揭示了慈善事业对经济发展的影响,并在分析慈善资金供给与需求的基础上,对资金的合理使用与慈善组织的有效监督提出了政策建议。     

Performing the economy,performing science: from neoclassical to supply chain models in the agrifood sector

Abstract

Callon and Hilgartner, respectively, have argued that the economy and technoscience are performed and that neoclassical economics (NE) and scientific reports should be interpreted as performances. Building on that theme, it is argued here that the ongoing transformations collectively known as globalization signal a new way of thinking about and performing both economics and technoscience: supply chain management (SCM). A comparison of SCM with NE models reveals shifts in both the theoretical focus of its proponents and the reactions of critics. Recent developments in the agrifood sector are used to illustrate the argument.     

Economics and the ‘nonsense’ of law: the case of the Chicago antitrust revolution

Abstract

The Law and Economics movement that emerged in the University of Chicago through the 1940s and 1950s, around Ronald Coase's example, is a manifestation of the neo-liberal project of applying neo-classical economics to state sovereignty. In the 1970s and 1980s, Law and Economics ideas revolutionized the application of antitrust laws in the United States. However, this achievement came about not through a transformation in economic orthodoxy, but through persuading legal experts to recognize the inherent ‘nonsense’ at work in their own normative assumptions. The Chicago antitrust revolution is therefore symptomatic of trends that Foucault viewed as definitive of neo-liberalism more broadly.     

Natural resource rents and elite bargains in Africa: Exploring avenues for future research

This article explores the recent debate over the quality of Africa's growth episode of the past decade, specifically insofar as it pertains to the pitfalls of commodity-dependent growth and the hypothesised ‘resource curse’. In addition, the article focuses on why political and economic institutions are important, and why they are indicators for the likely development impacts of Africa's evident mineral and hydrocarbon wealth. Third, it suggests a useful theoretical framework for understanding these indicators, especially with regard to the differing constraints under which foreign investors operate and interact with host countries. Developing on the latter points, the article looks at the nature of Chinese foreign investment in Africa's extractive industries. Finally, the article suggests an agenda for future research that could better inform development policy for the purpose of promoting high-quality growth in Africa.     

Bennu: Africa innovating itself out of underdevelopment

ABSTRACT

This article is a direct challenge to the established view reflected in the World Bank's Berg report, that structural adjustment programmes and the markets alone will resolve Africa's underdevelopment challenges. This article completely accepts that science and technology lead to products and services that create efficiency, productivity and wealth. It accepts different dynasties of industrialisation from land use (agriculture and mining), labour-intensive activities, heavy machinery, assembly lines, branding, information technology and intellectual property, but shows how – in the current global paradigm – this has led to an anomaly: while development aid flows from more industrialised to less industrialised countries, larger sums of global investment capital leave poorer countries for richer countries in search of higher returns. Having accepted the ‘returns-seeking’ nature of capital, a strategy is proposed for Africa to engage with this reality. In contrast with the Berg view, it is argued that the public sector is a key stakeholder in the developmental process. As has been put forward by Thabo Mbeki, several African countries exhibit ‘two nations’ characteristics. If this is true, all seven dynasties of industrialisation can be simultaneously developed through interventionist government, which could not happen though markets alone. A direct policy and strategy positioning in technology-related sectors that support increasing returns should be developed. Economic development bodies should have scientific and technological people to ensure technological focus in development strategies.The article demonstrates that a different value paradigm is needed. Large numbers of poor people can provide markets for goods that can yield returns for capital that are similar to markets of small numbers of rich people. A shift in the development model from Public Private Partnerships (PPP) to Public Entrepreneur Private Partnerships (PEPP) is suggested to maximise employment through sustainable entrepreneurship. Through spearheaded emerging technologies such as information convergence technologies, cellular technologies such as mobile banking, resource management and alternate energy, Africans can create output that attracts global investment capital – and not only aid. This article explores how, through investment in activities that generate increasing rather than decreasing returns, Africa will innovate its way out of what appears to be a stubborn history of underdevelopment.     

Affect and Fairness in Economics

A strained relationship exists between mainstream economics and ethics. Over the last decade, behavioral economists have strongly argued for the importance of fairness in motivating behavior, based on substantial experimental evidence. Two main approaches to the modeling of fairness have been proposed: the outcome-based inequity aversion approach, and the intention-based reciprocity approach. Both approaches have been quite successful in explaining the experimental evidence. Nonetheless, this paper questions the role that is assigned to fairness in these models and the way fairness is incorporated, using recent experimental findings concerning emotions and fairness perceptions. The analysis supports the view that feelings are important for justice, also from a policy perspective, and pleads for closer attention being paid to the functioning of emotional brain systems.

论法经济学分析范式的传承与分野——科斯分析范式与波斯纳分析范式之比较

法经济学分析范式在法经济学理论体系中处于基础性地位。从某种意义上而言,法经济学的发展实际上就是其自身分析范式的持续性革命。科斯以交易成本为最基本的分析工具,架起了新古典经济学与法律之间联系的桥梁,在大大增强了新古典经济学对现实问题解释力的同时,也为法经济学的研究提供了可能。而波斯纳则在继承科斯法经济学分析范式的同时,另辟蹊径,运用科斯提出的交易成本理论及其衍生的效率工具来分析法律规则背后的经济逻辑,为法经济学的进一步发展拓宽了理论的空间,由此形成了法经济学下的经济的法律分析和法律的经济分析的不同研究路径,从而最终导致法经济学分析范式的分野。     

经济类大学新生的人格特征与学生工作策略探讨

文章采用卡特尔十六种人格因素测验对浙江G大学经济学院五届新生1600余人进行人格测试,并对不同类别的被试进行了分析,结果显示不同类别的经济类大学生在人格因素上表现出了不同特征。文章认为经济类专业的学工干部必须准确把握经济类专业大学生的心理、人格特征和行为规律,有针对性、科学化、人性化、艺术化地开展学生工作。