Journal of Economic and Social Thought

The administered public recreation marketing concept

Edouard V. NOVATOROV — 2025-10-31

The article focuses on four major assumptions that underlie the alternative conceptualization of public recreation marketing. It explains (1) the redistribution system within recreation resources are allocated; (2) the organizational structure of recreation agencies; (3) the ways in which public recreation agencies interact with local governments and citizens; and (4) the code of ethics and its influence on the behavior of recreation professionals. Finally, the article attempts to integrate these assumptions into an alternative definition of public recreation marketing that is termed “administered marketing.”

Keywords. Administered marketing; Redistribution; Public recreation.

JEL. C38; I19; L52.

Taxpayers subsidise private money creation

Ralph S. MUSGRAVE — 2025-10-31

Publicly created money, i.e. base money, costs much less to produce than privately created money because amongst other things private banks have to check up on the credit worthiness of borrowers before supplying them with money. In contrast governments do not need to do those checks when creating and spending base money into the economy. It might be claimed that the cost of private money creation is the cost of organising loans and hence that the cost of private money creation as such is not particularly high. That claim does not stand inspection. Despite the high cost of private money, it nevertheless manages to drive public money to near extinction (except in the current very low interest scenario). Reason is that private banks can create and lend out money at below the going rate of interest because they are not burdened with one of the main costs normally involved in lending, namely earning money and abstaining from consumption (so that borrowers can consume.) When an economy is at capacity, the result of that extra lending is inflationary, so government has to withdraw base money from the economy, i.e. rob taxpayers, in order to counteract the inflation, for example by cutting the deficit / raising the surplus or by raising interest rates. In short, private money printing is subsidised by taxpayers, and subsidies reduce GDP, unless there is a good reason for a subsidy. The net result of letting private money displace base money is an artificially low rate of interest and an artificially high level of debt, plus GDP is reduced. Thus GDP would be increased if privately issued money was banned, though its complete elimination is not necessary.

Keywords. Money and interst rates; Money policy; Banking system; Government policy.

JEL. E40; E50; G21; G28.

Exploring the mediating role of school image in the nexus between service quality, innovation management, and student retention

Hsi-Liu CHENG — 2025-10-31

This research explores how service quality and innovation management influence student retention in public junior high schools, emphasizing the mediating role of school image. The empirical analysis reveals that school image acts as a significant intermediary between these organizational factors and student retention outcomes. Notably, the effect of innovation management on student retention is considerably stronger than that of service quality. While service quality exerts a more substantial direct impact on retention compared to its indirect pathway through school image, the opposite pattern is observed for innovation management, whose influence operates more effectively via the enhancement of school image.

Keywords. Money and interst rates; Money policy; Banking system; Government policy.

JEL. E40; E50; G21; G28.

Capitalism in the Platform Age: Emerging Assemblages of Labour and Welfare in Urban Spaces. By Sandro Mezzadra, Niccolò Cuppini, Mattia Frapporti, & Maurilio Pirone (Eds.), Springer 2024

Takaharu SUZUKI — 2025-10-31

This edited volume, emerging from the Horizon 2020 project “Platform Labor in Urban Spaces” (PLUS), offers a critical, interdisciplinary investigation into the evolving nature of platform capitalism as an urban phenomenon. Focused on the operations of four distinct platforms—Uber, Deliveroo, Airbnb, and Helpling—across seven major European cities (including Bologna, London, and Lisbon), the book argues that digital platforms are not merely new firms but powerful digital infrastructures that constitute a new phase of capitalism: the Platform Age. The core analysis centers on the "platformization" of labour, urban life, and welfare, exploring how algorithmic management creates a "complex hyper-urbanscape" where precarity, affect, and feminised labour are intensified. The research employs a theoretical framework rooted in alternative, heterodox, and Marxian economics, focusing on the processes of valorization and the crisis of the historical "standard employment relationship" in the West. Crucially, the volume does not limit itself to critique but explores emerging worker subjectivities, informal unionism, and tangible alternatives, including proposals for new social protection models like universal basic income and innovative local governance practices.

Keywords. Platform Capitalism; Platform Labour; Platformization; Urban Governance; Welfare State Crisis.

JEL. B51; J81; L89; P13, R58.

Front Matter

EconSciences Contact — 2025-10-31

Front Matter