The present approach to what steps to take as a result of the rejection of the proposed European Constitution is almost guaranteed to be a very toilsome process inside the realm of partisan advocacy. Moreover the approach is almost irrelevant in terms of both explanatory content and normative...

In 1969, Jan Tinbergen, aged 66, received the first Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, often mistakenly referred to as the "Nobel prize in economics." Jan shared the prize with Ragnar Frisch. Four years later, Jan's younger brother, Nikolaas (Nico), too, was...

The paper is an exercise in a normative economic analysis of product liability. After a short historical introduction, we take two of the basic premises of Austrian economic thought and see which system of product liability results. If costs are subjective and entrepreneurship is the essence of...