IDEAS home Printed from https://ideas.repec.org/p/arx/papers/1603.06034.html
   My bibliography  Save this paper

Solving Society's Big Ills, A Small Step

Author

Listed:
  • Ravi Kashyap

Abstract

We look at a collection of conjectures with the unifying message that smaller social systems, tend to be less complex and can be aligned better, towards fulfilling their intended objectives. We touch upon a framework, referred to as the four pronged approach that can aid the analysis of social systems. The four prongs are: 1. The Uncertainty Principle of the Social Sciences 2. The Objectives of a Social System or the Responsibilities of the Players 3. The Need for Smaller Organizations 4. Redirecting Unintended Outcomes Smaller organizations mitigating the disruptive effects of corruption is discussed and also the need for organizations, whose objective is to foster the development of other smaller organizations. We consider a way of life, which is about respect for knowledge and a desire to seek it. Knowledge can help eradicate ignorance, but the accumulation of knowledge can lead to overconfidence. Hence it becomes important to instill an attitude that does not knowledge too seriously, along with the thirst for knowledge. All of this is important to create an environment that is conducive for smaller organizations and can be viewed as a natural extension of studies that fall under the wider category of understanding factors and policies aimed at increasing the welfare or well-being to society.

Suggested Citation

  • Ravi Kashyap, 2016. "Solving Society's Big Ills, A Small Step," Papers 1603.06034, arXiv.org, revised Mar 2017.
    • Handle: RePEc:arx:papers:1603.06034
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/1603.06034
    File Function: Latest version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Zoltan J. Acs & Attila Varga, 2008. "Geography, Endogenous Growth, and Innovation," Chapters, in: Entrepreneurship, Growth and Public Policy, chapter 12, pages 152-168, Edward Elgar Publishing.
    2. Shleifer, Andrei & Vishny, Robert W, 1997. "A Survey of Corporate Governance," Journal of Finance, American Finance Association, vol. 52(2), pages 737-783, June.
    3. repec:hal:wpspec:info:hdl:2441/5l6uh8ogmqildh09h4687h53k is not listed on IDEAS
    4. Carroll, Archie B., 1991. "The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders," Business Horizons, Elsevier, vol. 34(4), pages 39-48.
    5. La Porta, Rafael, et al, 1997. "Trust in Large Organizations," American Economic Review, American Economic Association, vol. 87(2), pages 333-338, May.
    6. Beck, Thorsten, 2008. "Bank competition and financial stability : friends or foes ?," Policy Research Working Paper Series 4656, The World Bank.
    7. Joseph Stiglitz & Amartya K. Sen & Jean-Paul Fitoussi, 2009. "The measurement of economic performance and social progress revisited: Reflections and Overview," SciencePo Working papers Main hal-01069384, HAL.
    8. Wayne A. Cornelius, 2001. "Death at the Border: Efficacy and Unintended Consequences of US Immigration Control Policy," Population and Development Review, The Population Council, Inc., vol. 27(4), pages 661-685, December.
    9. Zoltan J. Acs & Attila Varga, 2008. "Entrepreneurship, Agglomeration and Technological Change," Chapters, in: Entrepreneurship, Growth and Public Policy, chapter 24, pages 341-352, Edward Elgar Publishing.
    10. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h4687h53k is not listed on IDEAS
    11. Gianni De Nicolo, 2001. "Size, charter value, and risk in banking: an international perspective," Proceedings 708, Federal Reserve Bank of Chicago.
    12. repec:spo:wpecon:info:hdl:2441/5l6uh8ogmqildh09h4687h53k is not listed on IDEAS
    13. Sweeney, Joan & Sweeney, Richard James, 1977. "Monetary Theory and the Great Capitol Hill Baby Sitting Co-op Crisis: Comment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 9(1), pages 86-89, February.
    14. repec:spo:wpmain:info:hdl:2441/5l6uh8ogmqildh09h4687h53k is not listed on IDEAS
    15. Joseph E. Stiglitz & Amartya Sen & Jean-Paul Fitoussi, 2009. "The measurement of economic performance and social progress revisited," Documents de Travail de l'OFCE 2009-33, Observatoire Francais des Conjonctures Economiques (OFCE).
    16. Beck, Thorsten & Demirguc-Kunt, Asli, 2006. "Small and medium-size enterprises: Access to finance as a growth constraint," Journal of Banking & Finance, Elsevier, vol. 30(11), pages 2931-2943, November.
    17. Andrei Bougrov & Robert Johnson & Benno Ndulo & Pedro Paez & Avinash Persaud & Heidemarie Wieczorek-Zeul & Akhtar Aziz Zeti & Charles Goodhart & Jomo Kwame Sundaram & Youssef Boutros-Ghali & José Anto, 2010. "The Stiglitz Report," SciencePo Working papers Main hal-03415638, HAL.
      • Andrei Bougrov & Robert Johnson & Benno Ndulo & Pedro Paez & Avinash Persaud & Heidemarie Wieczorek-Zeul & Akhtar Aziz Zeti & Charles Goodhart & Jomo Kwame Sundaram & Youssef Boutros-Ghali & José Anto, 2010. "The Stiglitz Report," Working Papers hal-03415638, HAL.
    18. Mark Paich & John D. Sterman, 1993. "Boom, Bust, and Failures to Learn in Experimental Markets," Management Science, INFORMS, vol. 39(12), pages 1439-1458, December.
    19. Busenitz, Lowell W. & Barney, Jay B., 1997. "Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making," Journal of Business Venturing, Elsevier, vol. 12(1), pages 9-30, January.
    20. Fariborz Damanpour, 1996. "Organizational Complexity and Innovation: Developing and Testing Multiple Contingency Models," Management Science, INFORMS, vol. 42(5), pages 693-716, May.
    21. James S. Linck & Jeffry M. Netter & Tina Yang, 2009. "The Effects and Unintended Consequences of the Sarbanes-Oxley Act on the Supply and Demand for Directors," The Review of Financial Studies, Society for Financial Studies, vol. 22(8), pages 3287-3328, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ravi Kashyap, 2017. "Solving Society’s Big Ills, A Small Step," Asian Social Science, Canadian Center of Science and Education, vol. 13(4), pages 175-175, April.
    2. Ravi Kashyap, 2016. "Financial Services, Economic Growth and Well-Being: A Four-Pronged Study," Papers 1603.00991, arXiv.org, revised May 2017.
    3. Deqiu Chen & Xuejiao Liu & Cong Wang, 2016. "Social Trust and Bank Loan Financing: Evidence from China," Abacus, Accounting Foundation, University of Sydney, vol. 52(3), pages 374-403, September.
    4. Andrea Gatto, 2020. "A pluralistic approach to economic and business sustainability: A critical meta‐synthesis of foundations, metrics, and evidence of human and local development," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1525-1539, July.
    5. Manhwa Wu & Paoyu Huang & Yensen Ni, 2020. "The Impact of Institutional Shareholdings on Price Limits," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 27(3), pages 343-361, September.
    6. Greco, Salvatore & Ishizaka, Alessio & Tasiou, Menelaos & Torrisi, Gianpiero, 2018. "σ-µ efficiency analysis: A new methodology for evaluating units through composite indices," MPRA Paper 83569, University Library of Munich, Germany.
    7. Franziska Gassmann & Bruno Martorano & Jennifer Waidler, 2022. "How Social Assistance Affects Subjective Wellbeing: Lessons from Kyrgyzstan," Journal of Development Studies, Taylor & Francis Journals, vol. 58(4), pages 827-847, April.
    8. Randall Morck, 2011. "Finance and Governance in Developing Economies," Annual Review of Financial Economics, Annual Reviews, vol. 3(1), pages 375-406, December.
    9. Espinoza-Delgado, José & López-Laborda, Julio, 2017. "Nicaragua: evolución de la pobreza multidimensional, 2001-2009," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    10. Chakraborty, Saptorshee Kanto & Mazzanti, Massimiliano, 2021. "Renewable electricity and economic growth relationship in the long run: Panel data econometric evidence from the OECD," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 330-341.
    11. Nikolova, Milena, 2016. "Minding the happiness gap: Political institutions and perceived quality of life in transition," European Journal of Political Economy, Elsevier, vol. 45(S), pages 129-148.
    12. Chong Hui Ling & Khalid Ahmed & Rusnah Muhamad & Muhammad Shahbaz & Nanthakumar Loganathan, 2017. "Testing the Social Cost of Rapid Economic Development in Malaysia: The Effect of Trade on Life Expectancy," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 130(3), pages 1005-1023, February.
    13. Rogie Royce Carandang & Akira Shibanuma & Edward Asis & Dominga Carolina Chavez & Maria Teresa Tuliao & Masamine Jimba, 2020. "“Are Filipinos Aging Well?”: Determinants of Subjective Well-Being among Senior Citizens of the Community-Based ENGAGE Study," IJERPH, MDPI, vol. 17(20), pages 1-13, October.
    14. Olivier E. Malay, 2021. "How to Articulate Beyond GDP and Businesses’ Social and Environmental Indicators?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 155(1), pages 1-25, May.
    15. Lamarche, Pierre, 2017. "Estimating consumption in the HFCS: Experimental results on the first wave of the HFCS," Statistics Paper Series 22, European Central Bank.
    16. Salim, Ruhul & Arjomandi, Amir & Seufert, Juergen Heinz, 2016. "Does corporate governance affect Australian banks' performance?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 43(C), pages 113-125.
    17. Hartmann, Dominik & Guevara, Miguel R. & Jara-Figueroa, Cristian & Aristarán, Manuel & Hidalgo, César A., 2017. "Linking Economic Complexity, Institutions, and Income Inequality," World Development, Elsevier, vol. 93(C), pages 75-93.
    18. Jun-Koo Kang & Jungmin Kim, 2020. "Do Family Firms Invest More than Nonfamily Firms in Employee-Friendly Policies?," Management Science, INFORMS, vol. 66(3), pages 1300-1324, March.
    19. Kim Samuel & Sabina Alkire & Diego Zavaleta & China Mills & John Hammock, 2018. "Social isolation and its relationship to multidimensional poverty," Oxford Development Studies, Taylor & Francis Journals, vol. 46(1), pages 83-97, January.
    20. Jiayi Zheng & Yushu Zhu, 2022. "Chair–CEO trust and firm performance," Australian Journal of Management, Australian School of Business, vol. 47(1), pages 163-198, February.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:1603.06034. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.