ECONOMIC RATIONALISM: AN IDEOLOGY OF EXCLUSION

Policies to rely on market forces instead of government responsibility were effected by techniques of exclusion. Political leaders, senior Federal bureaucrats and the managers of State bureaucracies advocated one version of economics. Critics were ignored or removed. The welfare state was derided and a two tier society encouraged. Only a re-vitalized politics and economics of social justice can challenge the economic rationalists' promotion of individualism, greed and intolerance.     

Revisiting carrying capacity: Area-based indicators of sustainability

Conventional wisdom suggests that because of technology and trade, human carrying capacity is infinitely expandable and therefore virtually irrelevant to demography and development planning. By contrast, this article argues that ecological carrying capacity remains the fundamental basis for demographic accounting. A fundamental question for ecological economics is whether remaining stocks of natural capital are adequate to sustain the anticipated load of the human economy into the next century. Since mainstream (neoclassical) models are blind to ecological structure and function, they cannot even properly address this question. The present article therefore assesses the capital stocks, physical flows, and corresponding ecosystems areas required to support the economy using ecological footprint analysis. This approach shows that most so-called advanced countries are running massive unaccounted ecological deficits with the rest of the planet. Since not all countries can be net importers of carrying capacity, the material standards of the wealthy cannot be extended sustainably to even the present world population using prevailing technology. In this light, sustainability may well depend on such measures as greater emphasis on equity in international relationships, significant adjustments to prevailing terms of trade, increasing regional self-reliance, and policies to stimulate a massive increase in the material and energy efficiency of economic activity.     

COGNITIVE STYLE AND THE USEFULNESS OF INFORMATION*

The desirability of a merger/acquisition alternative depends in part on the perceptions of the decision maker. What sources of information are “useful” to the decision maker & Does the set of useful information remain constant for all decision makers; if not, do individuals using similar information sets have similar information processing characteristics? Do these sets vary as feedback is obtained during the decision process? To answer these questions, graduate students participated in a modified Delphi experiment, and the resulting data were analyzed by the two-way aligned-ranks nonparametric test. These test results affirm that in a merger/acquisition scenario, decision makers with different cognitive styles prefer different sets of information and these sets vary dynamically as feedback is incorporated in the decision-making process. Furthermore, information that contains worker and community welfare considerations is identified as “useful” five times more frequently by decision makers with a “feeling” cognitive style than those with a “thinking” style.