Showing 1 - 10 of 72
Drawing inspiration from Ross Emmett's (2006) imaginative construction of what Frank Knight might have thought about the Stigler-Becker formulation of Die Gustibus, I ask what Arthur Lovejoy (1936) might have thought about the origin of public choice. He would surely have denied that public...
Persistent link: https://www.econbiz.de/10013010541
This paper uses Vincent Ostrom's treatment of government as entailing a Faustian bargain to explore some challenges that confront the research program he pursued in the theory of human association. To enable this exploration, I replace the standard resort to the law of the excluded middle with...
Persistent link: https://www.econbiz.de/10012962762
Nicholas Vriend (2002) asked whether F.A. Hayek was an “ace,” and answered affirmatively. By “ace,” Vriend meant someone who worked with agent-based modeling. To be sure, Hayek could not have worked with agent-based models because that platform did not exist when Hayek was developing his...
Persistent link: https://www.econbiz.de/10012911904
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...
Persistent link: https://www.econbiz.de/10012992722
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....
Persistent link: https://www.econbiz.de/10012929307
This study constructs a large new dataset to investigate whether state policy led to ethnic Ukrainians experiencing higher mortality during the 1932–33 Soviet Great Famine. All else equal, famine (excess) mortality rates were positively associated with ethnic Ukrainian population share across...
Persistent link: https://www.econbiz.de/10013217467
Economists have occasionally noticed the appearance of economists in cartoons produced for public amusement during crises. Yet the message behind such images has been less than fully appreciated. This paper provides evidence of such inattention in the context of the eighteenth century...
Persistent link: https://www.econbiz.de/10014196999
This essay treats entangled political economy within the history of political economy. It explains that entangled political economy is not so much a new development in economics as it is a revisitation of some old themes that were swept aside in the conversion of political economy into economics...
Persistent link: https://www.econbiz.de/10014241450
This is a preliminary draft of the first of what will be eight chapters in a book titled Politics as a Peculiar Business: Public Choice in a System of Entangled Political Economy. This chapter explores some issues regarding the scholarly location of what is often described as the Virginia...
Persistent link: https://www.econbiz.de/10014143721
Carl Menger published his classic work Principles of Economics in 1871, that work is the founding text of what came known as the “Austrian School of Economics”. That label has now been used to describe a historical school of thought, as well as contemporary academic economists and public...
Persistent link: https://www.econbiz.de/10014081498