Moral Economy and Old Age

Conceptualizing Moral Panic through a Moral Economy of Harm

This paper explicates a critical theory of moral panic, arguing that there is an afŽ nity to be discerned between the sociology of moral panic and the sociology of moral regulation. It is demonstrated how efforts to distance sociological investigations of moral regulation from studies of moral panic have been founded on a narrow treatment of the ways in which the latter have conceptualized pani...

Hidden Insurance in a Moral Hazard Economy

Hidden Insurance in a Moral Hazard Economy We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that individual objective functions are optimized by an effort and in...

New Economy , Old Central Banks ?

Old Age Consumption and Pension Policy in a Two-Tier Developing Economy∗

In a number of developing countries, an important part of the economy is informal both in terms of production and of social protection. In this paper we consider introducing a universal pension system in the formal sector. It is shown to have two main effects: first, it makes the formal sector more attractive to migration and second, it affects capital accumulation in a way which depends on the...

Moral political economy and moral reasoning about rural India: four theoretical schools compared

This paper explores a pluralist approach to moral economy in two ways. First, as a review, four major schools of thought on the rental of land in India are described. I focus on their normative and ontic assumptions. Second, noting that none of these schools is value-neutral, a plurality of six complex moral reasoning strategies emerge from this review. The advantage of the social researcher do...