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North Castle Books
Journal of Economic Issues
Editor: Christopher Brown, Arkansas State University (jei@astate.edu)

The Journal of Economic Issues is an internationally respected journal of institutional and evolutionary economics and serves as the official journal of the Association for Evolutionary Economics (AFEE). JEI publishes articles that describe aspects of evolving economies, economic problems, economic policy, economic history, and methodology.

The primary mission of JEI is to present articles that use and develop the core ideas of institutional economics in discussions of current economic problems and policy alternatives. JEI is the leading journal for ongoing debate of institutional economic theory and a major forum for discussion of solutions to real economic problems.

Papers that apply institutional analysis to current and ongoing economic issues of social provisioning processes are welcome. The potential spectrum of topics is broad including public policy, economic development, environmental and ecological issues, education policy, economic stabilization, labor relations, monetary management, and other topics. Papers that advance institutional theory and methodology are also welcome and interdisciplinary work is encouraged.

For information about membership in AFEE and individual member subscriptions to JEI contact Dr. Eric R. Hake, AFEE Secretary, KSOB 327, Catawba College, 2300 W. Innes St, Salisbury, NC 28144; 704-637-4293, fax 704-637-4491, erhake@catawba.edu or visit the AFEE website.
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ISSN:  Current volume: Frequency Per Year:
0021-3624 Vol. 48 No. 1 (March 2014 - Sept 2014) 4

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Editorial Board
Daniel L. Friesner, North Dakota State University; Daphne Greenwood, University of Colorado--Colorado Springs; John Hall, Portland State University; Mark Harcourt, University of Waikato; John Harvey, Texas Christian University; Richard P.F. Holt, Southern Oregon University; Anna Klimina, St. Thomas More College, University of Saskatchewan; Yan Liang, Willamette University; Philip A. O'Hara, Global Political Economy Research Unit, Perth, Australia; James Peach, New Mexico State University; Robert Scott III, Monmouth University; Tonia Warnecke, Rollins College; John Watkins, Westminster College; Christian Weller, University of Massachusetts--Boston, and Center for American Progress; Timothy Wunder, University of Texas--Arlington
The Association for Evolutionary Economcs: President: Janet Knoedler, Bucknell College; President-Elect: Fred Lee, University of Missouri--Kansas City; Immediate Past-President: Philip A. O'Hara, Global Political Economy Research Unit, Perth, Australia; Secretary: Eric Hake, Catawba College; Treasurer: David Zalewski, Providence College
Board of Directors: Morris Altman, Victoria University of Wellington; Ilene Grabel, University of Denver; Svetlana Kirdina, Russian Academy of Sciences, Economics; Mayo Toruno, Cal-State University--San Bernadino; Eric Tymoigne, Lewis & Clark College; Mary Wrenn, Webber State University & Girton College; Timonthy Wunder, University of Texas--Arlington
Past Presidents of the Association serve on a Board of Trustees

Table of Contents
March 2014
Vol. 48 No. 1

Credit Default Sharing Instead of Credit Default Swaps: Toward a More Sustainable Financial System
Nader Naifar 1
A Cognitive Approach to Law and Economics: Hayek's Legacy
Angela Ambrosino 19
Representation, Language, and Theory: Georgescu-Roegen on Methods in Economic Science
Mohammed Ali Khan 49
Quantifying Culture: Problems and Promises
Richard V. Adkisson 89
Thorstein Veblen and Albert Bandura: A Modern Psychological Reading of the Conspicuous Consumer
Felipe Almeida 109
Innovation, Employment and Skills in Advanced and Developing Countries: A Survey of Economic Literature
Marco Vivarelli 123
Foreclosure Crisis and Innovative Policy Responses: A Constructive Critique
Rojhat Berdan Avsar 155
State Capitalism, Entrepreneurship, and Networks: China's Rise to a Superpower
Albert Schweinberger 169
Quality of Life in the Regional Capitals of Poland
Katarzyna Przybyla, Alina Kulczyk-Dynowska, and Marian Kachniarz 181
Concentration of Labor Market Risks: A European Union Cross-Country Perspective
Iustina Boitan 197
Innis and Polanyi: The Search for the Substantive Economy
Abraham Rotstein 229
Hyman P. Minsky: Ending Poverty: Jobs, Not Welfare
Charles J. Whalen 241
Emanuele Ferragina: Social Capital in Europe: A Comparative Regional Analysis
Asimina Christoforou 244
Zoltan J. Acs: Why Philanthropy Matters: How the Wealthy Give, and What It Means for Our Economic Wellbeing
Ronnie J. Phillips 247
Leonard E. Burman and Joel Slemrod: Taxes in America: What Everyone Needs to Know
Philip Cosmo Hanke 249
Joseph P.H. Fan and Randall Morck, eds.: Capitalizing China
Chiara Piovani 250
Morten Jerven: Poor Numbers: How We Are Misled by African Development Statistics and What to Do About It
Vikas Kumar 252
G. Omkarnath: Economics: A Primer for India
Vikas Kumar 254
Pekka Sutela: The Political Economy of Putin's Russia
Ararat Osipian 257


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