Energy - the fuels that drive our lights, cars, air conditioners and computers - would seem to be pretty much a topic for engineers and physicists. But social science has a contribution to make too.
Kuznets claimed that inequality would inevitably decline at later stages of economic development — the “rising tide” would lift all boats. But Piketty found a tendency toward rising inequality.
In their paper titled “Economic Worlds of Work” (2006), Tom Beamish and Nicole Woolsey Biggart argue that insights drawn from economic sociology can help organize and enrich theories from the sociology of work.
At least five states are suing to block a new California egg law on the grounds that it violates the Constitutional principle of interstate commerce.
A recent Cardiff University study examined how the Japanese model of employment relations developed over the post-bubble period.
Economics and finance are making inroads that ultimately place a price-value upon nature.
Both the traditional phad water management system and contemporary Water User Associations rely on social bonds to ensure responsible water use.
The biggest challenge with water privatization is to address the Price-based aspects of water without infringing on the water rights of the public and the environment.
Many water policy systems that arose when water was abundant are now proving ill-equipped to handle growing urban populations and increasingly unreliable water supplies.
Competing demands for water can be understood with the Systems of Exchange framework.
In a time bank, everyone’s work is given equal value — an hour of running errands is worth as much as an hour of French lessons.
Informal savings groups have a remarkably low default rate, which speaks to the power of social pressure to influence behavior.
“Social impact bonds” are a new financial instrument being used to support successful social and environmental programs and reduce government spending. Investors provide the initial capital for contracted service providers, and the government agrees to pay the contractors only if the program meets its goals.
Jonathan Rowe’s book Our Common Wealth provides an excellent overview and defense of “the commons” -- the often invisible part of our economy that contains everything we share rather than owning individually.
The BRICS group announced the establishment of a new development bank that will rival the World Bank and the International Monetary Fund.
Why does global poverty persist, when the world’s richest countries spend so much money on foreign aid?
Although many Republicans refuse to recognize climate change as a legitimate threat, former cabinet secretary George P. Shultz is breaking with his party to demand Congressional action on climate change.
The debate over the price for the HPV vaccine sheds light on the contested and contextual nature of prices.
With corporate stakeholder responsibility, firms can pursue the instrumental goals of efficiency and profit maximization while attending to the substantive goals of their stakeholders.
The Sustainability Consortium has conducted lifecycle assessments of dozens of products in order to determine their social and environmental impacts, as well as identify key opportunities for improvement in the manufacturing, distribution, and disposal of these goods.
Even if drug companies are fulfilling their Price-based obligations to stockholders, doctors are claiming they violate a moral obligation to their patients by charging such high prices.
The early Quakers were the first to implement a fixed pricing policy, and they did so for moral reasons.
Roscas rely on social ties to ensure responsible financial behavior.
Ostrom’s work illustrated that the Price System works well for private goods in a competitive market, but Associative and Communal Systems are better suited for the management of public goods.
Robert Mondavi is best remembered for transforming California winemaking into an internationally competitive industry.
Stewart’s behavior would have been normal -- even expected -- in a communal system of exchange, where social relationships and shared identity are the basis for economic activity.
When party hosts recruit their neighbors to install solar panels, they believe that the exchange will be mutually beneficial.
Behavior that is considered deviant in one system of exchange is permissible -- even expected -- in another.
Is air travel such a public good that the airline industry should be exempt from antitrust laws?