The increasing interest in the application of geometric stable distributions has lead to a need for appropriate estimators. Building on recent procedures for estimating the Linnik distribution, this paper develops two estimators for the geometric stable distribution. Closed form expressions are...

We apply the accelerator principle to measure the functional efficiency of capital markets. We estimate the elasticity of capital with respect to output using a panel of firms across 44 countries, and compare the results with existing approaches. Furthermore, we correlate our measure with...

The article analyzes the extent of the transmission of social capital from parents to their children. Three measures of social capital are used: social trust, participation in social activities and useful social connections. The data from the longitudinal extension of the PISA collected in the...

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...

This paper critically examines the state of the literature in evolutionary biology regarding theories of altruistic behavior. The shared theoretical problems of Kin-selection and Group-selection are examined. Theoretical and severe methodological problems of Reciprocal Altruism theory are also...

As many have argued, libertarianism as idea and movement contains strands that often conflict, beg questions, or try our sensibilities. There are multiple libertarianisms. Two leading theorists of modern libertarianism are Friedrich Hayek and Murray Rothbard. Both pupils of Ludwig von Mises,...