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The aim of this paper is to investigate social mobility processes affecting the lives of 15 young adults in Loughborough (aged 20-30) who experienced poverty and disadvantage as children. Using biographical narrations, the interactions between the labour market, welfare, educational institutions and familial relationships will form the framework for assessing the applicability of poverty 'transmission' theories and mechanisms. The paper's concluding comments highlight the complexity and vulnerability of young people's lives, reveal the structural and individual constraints on social mobility and address the role that institutions play in constructing the past and current life experiences of those young adults. [ABSTRACT FROM AUTHOR]

This paper examines the treatment of ontology offered by critical realism. It addresses much of the material elaborated upon in two editions of this journal. Three main groups of criticisms are made here of the critical realist treatment of open systems. It is argued that critical realism, particularly in the project in economics emanating from Cambridge, UK, tends to define systems in terms of events. This definition is shown to be problematic. The exemplar of a closed system provided by critical realism of the solar system is shown to be flawed in that it is not closed according to the closure conditions identified by critical realism. Second, the negativity of the definitions adopted is problematic for heterodox traditions attempting to build positive programmes. Furthermore, the dualism of the definitions is also inconsistent with Dow's approach, which has ramifications for the coherence of post Keynesianism. Third, the definitions tend to polarize open and closed systems and ignore the degrees of openness evident in reality. The polarization of systems leads to polarized methodology and unsustainable arguments to reject so-called “closed-systems methods.” [ABSTRACT FROM AUTHOR]