Thinking was Gordon Tullock's primary interest in life. He let his thinking roam widely and creatively over his many fields of interest; moreover, Tullock is widely recognized for the robust and creative quality of this thought. He left a valuable legacy. All the same, I think the value of that...

Simple observation presents two stylized facts that call for integration into a single explanatory framework. One fact is that societies reflect generally though certainly not perfectly coordinated patterns of activity. The other fact is that only a subset of those activities is coordinated with...

In 1903 the Italian economist Amilcare Puviani articulated a theory of fiscal illusion to promote better understanding of the course of political action. Puviani created his theory to explain the failure of political pronouncements to reflect the reality to which those pronouncements claimed to...

We propose and develop an algebraic approach to revealed preference. Our approach dispenses with non algebraic structure, such as topological assumptions. We provide an algebraic axiom of revealed preference that subsumes previous, classical revealed preference axioms, and show that a dataset is...

We develop a systematic, functional approach to revealed preference tests based on completing preferences. Our approach is based on the notion of sequential closure, which generalizes the notion of transitive closure. We show that revealed preference tests developed for various decision theories...

In Inequality: An Entangled Political Economy Perspective, Mikayla Novak takes the analysis of inequality in a new direction by exploring the tension between fact and value that pervades most analyses of inequality. Novak offers new insights into the entangled character of political economic...

Friedrich Hayek (1937, 1945) explained that scholars engage in fantasy when they presume that they, or anyone for that matter, presume to possess the knowledge necessary to construct some societal equilibrium. That knowledge is incapable of being possessed by a single mind, which means that the...

Our focus in this chapter will be on the methodological role that Stigler played in validating what he regarded as the science of economics that he had inherited from his own teacher, Frank Knight, and how this affected his understanding not only of economic theory but also public policy....

What is the role of the entrepreneur in Carl Menger’s account of the market process? Modern entrepreneurship theory is broadly divided into two types. The Schumpeterian account of entrepreneurship takes an equilibrium state of affairs as an analytic starting point from which the entrepreneur...

This essay is a response to five essays that collectively constituted a symposium sponsored by Studies in Emergent Order on my 2010 book, Mind, Society, and Human Action: Time and Knowledge in a Theory of Social Economy. This essay offers individual reactions to each of the five contributors...