Money and Credit Redux

We analyze money and credit as competing payment instruments in decentralized exchange. In natural environments, we show the economy does not need both: if credit is easy, money is irrelevant; if credit is tight, money is essential, but credit becomes irrelevant. Changes in credit conditions are neutral because real balances respond endogenously to keep total liquidity constant. This is true for both exogenous and endogenous debt limits and policy limits, secured and unsecured lending, and general pricing mechanisms. While we show how to overturn some of these results, the benchmark model suggests credit might matter less than people think.     

The practical potential of self-advocacy for improving safety outcomes for school-aged workers

Young workers are over-represented in workplace injury statistics and there is growing interest in addressing their vulnerability and safety exposure. Such concerns have been raised within a broader discursive framework of responsibilisation which has seen a transfer of responsibility for workplace safety from employer to worker. This article examines the potential for self-advocacy as a strategy for improving the safety of young workers through the provision of resources to articulate and act on workplace rights. The study utilises data derived from 48 group interviews involving 216 high school students (13–16 years of age) at 19 high schools in Queensland, Australia, who were asked to discuss their knowledge and experience of workplace rights and responsibilities. The limitations of the safety self-advocacy approach are explored, including the social, developmental and organisational issues that might affect the ability or willingness of school-aged workers to self-advocate. The findings reveal that the notion of self-advocacy is internalised by young people before they even enter the formal labour market but that in practice, attempts by young people to enact rights to safety are often dismissed or undermined.     

Assessing Priorities of Transparency During COVID-19 Pandemic in Brazil

Public Organization Review - This article assesses the level of transparency of epidemiological and financial budgetary information on the COVID-19 pandemic in Brazilian state governments and the...     

Employee voice on social media — An affordance lens

Voice mechanisms in organizations provide an opportunity for employees to have a say about their work. As new digital mechanisms, such as social media (SM), are being increasingly adopted by organizations for knowledge sharing, employee engagement and general communication, it is important to consider the extent to which SM may facilitate employee voice. The limited attempts to examine SM and employee voice have mostly focused on identifying the contextual factors that could promote constructive voice on SM. The extant literature does not explore how SM features may (or may not) facilitate all types of voice, such as those which promote employee interests. Adopting an affordance lens, this paper answers the call of voice scholars to explore the potential of SM as a voice mechanism by discussing the perceived value of different SM features for different types of employee voice content. The paper brings together SM and voice literature and explores how different SM affordances may potentially facilitate certain voice content more so over others. In doing so, future directions for research of voice on SM are also discussed.     

Armed robbery and the meanings of money

In this study, we investigate the meanings active armed robbers give to money before, during, and after their crimes and how these meanings shape their offending. We do so by examining interviews undertaken from 1994 to 1995 with robbers in St. Louis, Missouri, USA. Prior to their robberies, the interviewees' desperation leads them to define money as essential to survival. Immediately following robberies and in looking back on them, they come to view this essential money in other ways as well—as too time-consuming to get, as “easy,” or as guilt-free. These meanings facilitate the contradictory way robbers see money as “fast” after offences. We discuss how these shifting meanings of money shape and are shaped by robbers' structural positions, cultural outlooks, and social relations. In doing so, we also help to explain how the shifting meanings of money play into criminogenic cycles of predatory offending.     

Beyond Spatial Models: A New Perspective on American Operational Ideology Using Latent Class Analysis

Analyses of operational ideology—the pattern of correlations between different political attitudes—in the American public generally assume “spatial” models of ideology. Using Latent Class Analysis, we relax many of these assumptions by treating operational ideology as a latent categorical variable and analyze the changing structure of American operational ideology between 2004 and 2020. We find that some Americans during this period held consistently liberal or conservative views and were well sorted into the “correct” political parties. For other Americans, however, we observe complex and shifting relationships between partisanship and economic, moral, and racial attitudes. We find that Racial Justice Communitarians consistently prefer to identify as Democrats, while Nativist Communitarians and Libertarians both tended to identify with whatever party won the most recent presidential election. Future studies of operational ideology should be wary of simplifying assumptions that obscure important dynamics in American politics.     

Directed Matching and Monetary Exchange

We develop a model of monetary exchange where, as in the random matching literature, agents trade bilaterally and not through centralized markets. Rather than assuming they match exogenously and at random, however, we determine who meets whom as part of the equilibrium. We show how to formalize this process of directed matching in dynamic models with double coincidence problems, and present several examples and applications that illustrate how the approach can be used in monetary theory. Some of our results are similar to those in the random matching literature; others differ significantly.     

ONE APPROACH TO REALLOCATING INSTRUCTIONAL RESOURCES: THE HOUSTON MODEL

In this paper a model for deciding which instructional departments should receive and surrender new or reallocatable resources is developed. It combines a two-dimensional assessment of resource needs based on instructional characteristics and the academic priority of the department to arrive at resource allocation priorities. Unusual features of the model are its reliance on judgments of departmental centrality to institutional mission as the discriminating variable in ascribing academic priorities and the careful avoidance of “halo effects” through independent assessment of resource needs and academic priorities. The model is sensitive enough to discriminate between competing claims for scarce resources while retaining a simplicity of logic that makes its mechanics understandable to those with little grounding in the decision sciences.