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In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...
Persistent link: https://www.econbiz.de/10009524338
From the context of mid-eighteenth-century Swiss debates on the natural liberty of small states and the commercial liberty of imperial powers, this paper will trace two distinct - but ultimately irreconcilable - approaches to accommodating the liberty of states and obedience to the law of...
Persistent link: https://www.econbiz.de/10013129639
In The Choice Theory of Contracts, we explain contractual freedom and celebrate contract types. This Issue offers … penetrating critiques. Here, we reply by refining choice theory and showing how it fits and shapes the contract canon. I. Freedom …. (1) Charles Fried challenges our account of Kantian autonomy, but his views, we show, largely converge with choice theory …
Persistent link: https://www.econbiz.de/10012899000
What is the relationship, if any, between economic freedom and pandemics? This paper addresses this question from a robust political economy approach. As is the case with recovery from natural disasters or warfare, a society that is relatively free economically offers economic actors greater...
Persistent link: https://www.econbiz.de/10013250924
Persistent link: https://www.econbiz.de/10012395178
This year marks the sixtieth anniversary of the book that established the field of public choice – The Calculus of Consent by James M. Buchanan and Gordon Tullock. The year is also the thirtieth anniversary of Elinor Ostrom’s “Covenants With and Without a Sword,” in which she...
Persistent link: https://www.econbiz.de/10013294171
Persistent link: https://www.econbiz.de/10010491164
Liberalisierungspolitik bezeichnet die politisch herbeigeführte und politisch legitimierte Delegation von Allokations- und Distributionsentscheidungen an Märkte und zielt auf Durchsetzung der Prinzipien der Eigenverantwortung, der dezentralen Entscheidungsfindung und der Konkurrenz. Viele...
Persistent link: https://www.econbiz.de/10003867676
In this paper, a new approach to disclose the impact of politics on economic growth is presented: we use data derived from content analysis of party manifestos as measures of party preferences. In a panel of 23 OECD countries, we detect a positive impact of party support for various...
Persistent link: https://www.econbiz.de/10008702176