Browsing Chester Business School by Journal
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Behavioural Economics and Social Economics: Opportunities for an Expanded CurriculumThe Global Financial Crisis (GFC) undermined the legitimacy of orthodox economic assumptions, which nevertheless continue to frame business school pedagogy. In consequence, there is an opportunity for socio-economic insights to be more fully incorporated into the business school curriculum. This article reports and reflects on a socio-economic case study that was delivered to MBA students. The article demonstrates that the developing literature on behavioural economics has the potential to enhance students’ social-economic understanding of key areas of the curriculum. The paper presents an inter-disciplinary socio-economic teaching case that was informed by insights from behavioural economics. The teaching case concerned a socio-economic understanding of corruption and white-collar crime. It was also inter-disciplinary to include inputs from business history and criminology. The aim of the teaching case was to develop an appreciation among students that corruption and white-collar crime can be analyzed within a social economics lens. The teaching case example discussed in this article offered an alternative socio-economic understanding to core areas of the MBA curriculum, enabling students to apply a behavioural economic approach to corruption and more generally to white-collar-crime. The findings derived from this case study is that behavioural l economics has the potential to enhance the teaching of socio-economics. The GFC presents an opportunity to re-shape the business school curriculum to acknowledge the centrality of socio-economics and consequently to offer an alternative to the dominant ontological assumptions -taken from the economic understanding of rationality-that have previously under-pinned business school pedagogy. The originality of this article is to apply behavioural economics to a socio-economic teaching case studies in core subject areas of the MBA curriculum.
Putnam and Radical Socio-Economic Theory.Purpose – The purpose of this paper is to review the social capital treatment of Robert Putnam, the most influential conceptual theorist. The paper will detail how Putnam’s treatment of social capital has evolved, examine the arguments of his critics and will also critique his socio-economic analysis. Design/methodology/approach – The approach taken is a literature review that investigates Putnam’s social capital understanding and considers the reasons why this conceptual treatment “touched a nerve” and proved so influential and adaptable. Findings – Putnam’s social capital treatment belongs to a socio-economic communitarian tradition that can be traced to de-Tocqueville, which offers an alternative to both mainstream free market ideology and to leftwing socio-economics. Originality/value – The originality of this paper is to identify Putnam as a radical in a methodological sense, reinvigorating a Burkean, consensual interpretation of socio-economics. The value of this paper is to offer a critique of Putnam’s interpretation of social capital. Keywords Social capital, Social economics, Economic theory Paper type Literature review