A THEORETICAL FRAMEWORK FOR SMALL BUSINESS POLICY

A number of public policy issues have been discussed in this article, the most important of which are: 1. Small business would not need special consideration if our economy were basically a competitive one. 2. A large and growing segment of our economy has sufficient market and political power to make our economy basically non-competitive. 3. Small firms tend to provide price competition, to lead in the development of new products and processes, and to generate new innovations and new employment. 4. Government policy tends to create artificial economies of scale, giving an unwarranted advantage to the very large firm. As a first approximation, a policy of government neutrality on firms of varying size is needed. But, because of discriminations which already exist which favor large firms over small firms, special small business programs may be necessary to provide an equitable policy base. Unfortunately, programs designed to benefit all business, like the investment tax credit, tend to primarily benefit larger firms (Berney, 1979). This is the case for two reasons. First, there is a basic difference in production relationships: large firms tend to be more capital intensive and small firms more labor intensive. Second, the more complex a rule or regulation, the more costly it is for small business to use it. Consequently, even the employment tax credit, which should benefit the small firm is not used by them. Instead, it tends more to benefit the larger firm. Neutrality, as a governmental policy, would appear to demand different treatment for firms of varying size. As an example, the “regulatory flexibility” concept applies different standards to different sized firms so that the burden of regulation is more equitably distributed. The concept of encouraging or requiring financial institutions and other lenders to establish “dual prime rates” is a further example. Since small firms appear to have much higher debt to equity ratios and rely more heavily on shorter-term bank credit, they are more heavily burdened by a tight money policy which forces increases of interest rates. Thus, dual prime rates help to spread the burden of rising interest costs more equally. As many people prefer to work for themselves, equalizing the burden of government policy could only serve to increase the basic growth rate for small business, thus providing an easier start for entrepreneurs and would encourage a more rapid rate of economic growth. None of these discussions, however, argues that small business should be protected from failure. The more efficient firms will succeed and prosper, and the least efficient will not. Many currently successful entrepreneurs learn how to improve their production processes or managerial skills from their failures. What is being recommended as a first step is that government should concentrate on equalizing burdens and benefits in order to achieve true neutrality. If private economies of scale do indeed exist, new firms must grow to survive; what the government should not create are artificial economies of scale with public policy. A strong argument for further action can also be made: it appears that significant external benefits are produced by an economic system with a dynamic small business sector. Since these benefits go to society as a whole rather than entrepreneurs alone in the form of increased profits, a freely operating market without government assistance does not generate as many new small businesses as would be optimal for our society. To internalize the benefits that come from small business, governmental programs need to be devised to increase the rate of return on new, innovative small businesses. Should this happen, we could then anticipate increased rapid rates of innovation and technological change, more rapid rates of employment growth, expanded price competition in all sectors of the economy, and improved export capabilities, in short, true flexibility in our capitalistic system.     

Exploratory Models in a time of Big Data

This paper aims to trigger discourse about the emergence of a new type of social scientific model — Exploratory Models — which draw on Big Data, computer modeling and interdisciplinary research to tackle complex social scientific processes. First, we define Exploratory Models referring to Batty and Morgan and Morrison. We then present changes to the traditional modeling paradigm. We show how Exploratory Models circumvent challenges related to the idiosyncracy, self-reflexivity and acceleration of social phenomena, which limit predictive effectiveness of traditional models. We show that Exploratory Models are better equipped to tackle complex problems due to their capacity to process heterogeneous datasets. Having established that Exploratory Models are predominantly problem- and data-driven, we emphasize that scientific theory is indispensable to their progress. Finally, the development of an integrative platform is suggested as a way of maximizing the benefits of this approach. Discussion concludes by flagging areas for further research.     

The girl with the chariot medallion: a well-furnished,Late Iron Age Durotrigian burial from Langton Herring,Dorset

A well-furnished, Late Iron Age Durotrigian burial was found in 2010 by a metal-detectorist at Langton Herring in Dorset. This report examines all aspects of the discovery, paying particular attention to the skeletal remains, a female aged 19–24, providing the most complete, osteobiographical study of an individual buried with a mirror assemblage from the European Iron Age. A combination of artefacts and radiocarbon dating gives a range for the burial of c.AD 25 – cal AD 53. The grave goods themselves are of exceptional interest, representing an accumulation of artefacts acquired from diverse sources, deposited at a time of major cultural and societal change in southern Britain. The results of a geophysical survey are also presented, together with a discussion of additional well-furnished burials in the Durotrigian tribal tradition, which place the burial deposit within a wider social and landscape framework.     

Scotland’s Electoral Geography Differed from the Rest of Britain’s in 2017 (and 2015) – Exploring its Contours

The rapid expansion in support for the Scottish National Party (SNP) between the 2010 and 2015 general elections substantially changed the country’s electoral geography, as again did its relative decline at the next election in 2017. At that last contest, however, the SNP won many seats with fewer than 40% of the votes cast, a situation very different from that in the rest of Great Britain. That difference – which had a considerable impact on the formation of a government in June 2017 – came about because of the nature of the competition in individual seats.     

Does Nature Pluralize?

Abstract

In this article, I argue against understanding and treating nature as external. Arguing against such externality of nature, I suggest that the human situation is best understood by reference to postnatural right. As abstract and revolutionary, such right is critical, leveling, and teleological. This forms the basis of a formative metaphysics that I proceed to test against the concept of the common good and a recent theological engagement with climate change. At the conclusion, I argue that the plurality of nature recommends understanding society as a “greater society” that in turn has implications for how we think about civil society.     

Neoliberal Reform, Governance and Corruption in the South: Assessing the International Anti‐Corruption Crusade

This paper presents a critique of current thinking on the causes and impacts of corruption and the measures designed to combat it. It begins by exploring the evolution of the current preoccupation with corruption and traces the growth in international initiatives designed to tackle the issue. It then moves on to consider the assumptions underlying the dominant schools of thought on corruption and alternative definitions of the phenomenon. The limitations of the dominant neoliberal perspective are explored in detail, focusing particularly on its blindness to the complex interplay between economic liberalisation, political power and institutional reform. An alternative framework that locates corruption at the systemic level is proposed. The paper concludes with some thoughts on potential directions for future geographical research on the topic.