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It seems like a small and perhaps shrinking minority of economists know reverence of individual figures. Most economists seem to be without heroes, and sometimes disparage reverence as cultish idolatry. Here I collect from Michael Polanyi’s The Study of Man (1959) a few passages that...
Persistent link: https://www.econbiz.de/10008528479
In this paper it is argued that the domestic division of labor and trade is organized according to the same principle as the international division of labor and trade – the Ricardian comparative advantages. After all, the ultimate source of these comparative advantages is the individual. The...
Persistent link: https://www.econbiz.de/10005642399
Uppsatsen tar sin utgångspunkt i Aristoteles tankar om handel och vänskap och klargör bl.a. hur privat äganderätt, genom att den ger upphov till ”en sfär av frihet där självstyrda verksamheter går att utövas utan att förtrampas av andra”, är en nödvändig förutsättning för...
Persistent link: https://www.econbiz.de/10005642432
Conservatives say they are for small government and individual liberty, but a content analysis of leading conservative … magazines shows that most have preponderantly failed to take pro-liberty positions on sex, gambling, and drugs. Besides many … anti-liberty commissions, the magazines may be criticized for anti-liberty omission—that is, failing to oppose anti-liberty …
Persistent link: https://www.econbiz.de/10005190441
Using Schelling’s analysis of mutual coordination and focal points, I interpret Smithian sympathy as sentiment coordination. When the yearning for sentiment coordination seeks, further, for it to encompass the whole social group and looks naturally to government for the focal points, we have...
Persistent link: https://www.econbiz.de/10005642402
desirable always concords with liberty (or maximal liberty). Rothbard achieved this concordance by molding his sensibilities … about the desirable to fit his definition of liberty. Hayek achieved this concordance by molding his definition of liberty … ought to reject the precept of concordance: the desirable does not always concord with liberty. I attempt a blending of …
Persistent link: https://www.econbiz.de/10005642442
In the main, Hayek favored rules that apply equally to all and located such rules in tradition, beyond conscious construction. This led Hayek to attack Keynes’s immoralism, i.e. the position that one should be free to choose how to lead one’s life irrespective of the informal institutions in...
Persistent link: https://www.econbiz.de/10005642455
Constitutional government is an ideal and like all ideals can only be achieved as an approximation. Even those countries that appear to be near the ideal are revealed on examination to be not so near. Constitutional government, to the extent it is achieved reflects a state of affairs. It remains...
Persistent link: https://www.econbiz.de/10005419164
Ett fungerande näringsliv förutsätter ett fungerande konkursinstitut. På en fungerande marknad kan vi vänta oss att ineffektiva företag slås ut genom t.ex. innovativ nyetableringskonkurrens och att de effektiva företagen överlever. En vanlig uppfattning är att konkursinstitutet är ett...
Persistent link: https://www.econbiz.de/10005419168