Be it on topics of property, contract, commerce, trade, tax, legal history, or other matters, jurisprudence in the United States often invokes economic thinking in providing a rationale for legal outcomes. Consequently, I wondered how often the appeal to economic thinking in the courts included...

In der Ökonomik tritt der zirkuläre unechte Fortschritt auf, der sich z.B. vom kumulativen, besonders für die Naturwissenschaften charakteristischen Fortschritt abgrenzt. Die Ideen- bzw. Dogmengeschichte kann somit eine wertvolle Erkenntnisquelle sein. In diesem Papier wird das Konzept der...

In der Ökonomik tritt der zirkuläre “unechte” Fortschritt auf, der sich z.B. vom kumulativen, besonders für die Naturwissenschaften charakteristischen Fortschritt abgrenzt. Die Ideen- bzw. Dogmengeschichte kann somit eine wertvolle Erkenntnisquelle sein. In diesem Papier wird das Konzept...

In a developing country such as Jamaica, the success of policy decisions their successes and failures in a world driven by financial globalization and the New Open Economy Macro-Model (NOEM) continues to be predetermined by the constantly evolving paradigm of the dialectics of the post modernist...

This paper examines Alfred Marshall's theory of organization and business management, and explores the significance of his wisdom and foresight. Despite considerable research on Alfred Marshall’s economic theory, little attention, among economists in particular, has been given to his theory of...

Adam Smith, John Stuart Mill and Alfred Marshall shared a concern over excessive inequality of wealth and income, along with an attachment to individual choice, free markets and a minimal economic role of government. In this paper, I address the question of the size distribution of income, or...

This book profiles the lives and ideas of some of the leading thinkers on individual liberty - from ancient times to the present day - and sheds light on the key elements of liberal thought and those who shaped it across the centuries. The book identifies their common goals, but also highlights...

Independent authorities have a number of advantages compared to politically dependent institutions, namely because of their superior specific qualification and performace, long-run incentive structure, influence of interest groups being less effective, and other reasons. Concerns are often...

Das Papier zeigt zunächst mögliche Gründe und Ursachen für die Errichtung und die Bewahrung unabhängiger Institutionen in demokratischen Rechtsstaaten auf. Danach werden formelle und behavioralistische Kriterien benannt, anhand derer der Grad der Unabhängigkeit auf einem Kontinuum zwischen...

Paul Samuelson's famous 1948 "factor price equalization theorem" was his main contribution to international trade theory. He demonstrated conditions under which trade in goods only would lead to full equalization of the remuneration of productive factors across countries. In practice, general...