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Two Weeks Left: Call for Abstracts, JOIE special issue on Knight (1921)

  • 1.  Two Weeks Left: Call for Abstracts, JOIE special issue on Knight (1921)

    Posted 19 days ago

    Heads up: Abstract submission deadline is in two weeks on June 1, 2020. Complete papers for approved abstract are then due November 1, after which they will undergo normal peer review. The special issue will be published in 2021.

     

    Please note that your paper abstract (200 words max) must explicitly relate to Knight's Risk, Uncertainty, and Profit (the topic for the special issue) and institutions broadly defined (the topic for the journal).

     

    Official call for papers below and at https://winir.org/?page=journal&side=calls_for_papers

     

     

    CALL FOR ABSTRACTS

    THE JOURNAL OF INSTITUTIONAL ECONOMICS

    SPECIAL ISSUE TO COMMEMORATE THE 100TH ANNIVERSARY OF

    FRANK H. KNIGHT'S RISK, UNCERTAINTY, AND PROFIT (1921)

     

    In 1921 Frank Hyneman Knight, one of the 'fathers' of the Chicago School of economics, published an updated version of his doctoral dissertation under the title Risk, Uncertainty, and Profit. The book develops a theory of the firm based on entrepreneurs' 'superior judgment', an uncertain and tacit quality that therefore cannot earn a market wage. For the entrepreneur to exercise this judgment and gain from it, s/he must create an organization (a firm) to exploit the perceived opportunity – and bear the uncertainty of the endeavor.

                Risk, Uncertainty, and Profit is perhaps most known for Knight's distinction between uncertainty and probabilistic risk, which has vast implications for economic theorizing. Uncertainty, as distinct from 'simple' risk, raises important questions about the feasibility of planning, the forming of expectations, and the possibility of order in the economy and beyond, on both the individual, organizational, and societal level. The problem of uncertainty, as conceptualized by Knight and distinguished from probabilistic (insurable) risk, is often understood as requiring various institutional solutions.

    The Journal of Institutional Economics will publish a special issue in 2021 to commemorate the centennial of Knight's Risk, Uncertainty, and Profit guest edited by Per Bylund of Oklahoma State University. For this special issue, we have an open call for abstracts. After editor's screening of abstracts, a subset will be invited to submit their full papers, which will then undergo the journal's normal peer review process.

     

    Deadlines

    Abstracts due: June 1, 2020

    Decisions communicated by June 31, 2020.

    Complete papers submitted by: November 1, 2020         

     

    Submission information

    All submissions must adhere to the Journal's publishing standards and formatting as well as its statement of aims (https://joie-blog.net/journal/aims). Authors should also read the Notes for Contributors (https://joie-blog.net/journal/notes-for-contributors). Note in particular the length limit (10,000 words) and the preference for papers that refer to debates and ideas on the pages of the journal.

     

    Abstract submissions are to be sent to the guest editor at per.bylund@okstate.edu. Invited full papers are to be submitted before the stated deadline through the Journal's normal Scholar One site (https://mc.manuscriptcentral.com/joie), selecting the "Knight 1921" option.

     

     

     

    PER BYLUND | Assistant Professor

    Records-Johnston Professorship

    School of Entrepreneurship

    424 Business Building | Stillwater, OK 74078

    405-744-4301 | per.bylund@okstate.edu

    business.okstate.edu

     

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