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Adam Smith infused the expression “impartial spectator” with a plexus of related meanings, one of which is a super-being, which normally would aptly take the definite article the, and which bears parallels to monotheistic ideas of God. As for any genuine, identified, human spectator of an...
Persistent link: https://www.econbiz.de/10014115463
, in his Theory of Moral Sentiments. With some Reflections on Slavery in General. Authorship has been attributed to Arthur …
Persistent link: https://www.econbiz.de/10013229708
’s published works. A photograph provides a touchstone to discuss: (1) the Language essay, (2) the full title of The Theory of …
Persistent link: https://www.econbiz.de/10013294671
On regular issues of policy reform—presupposing a stable integrated polity— Hume, Smith, and Burke were liberal in the original political meaning of “liberal.” Thus, on policy reform, although they accorded the status quo a certain presumption (as any reasonable person must), the more...
Persistent link: https://www.econbiz.de/10014101744
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
only of economic theory but also public policy. Stigler's understanding of economic science, viewed from a Knightian …
Persistent link: https://www.econbiz.de/10012929307
The Fall 2010 issue of the Journal of Private Enterprise featured a complicated set of papers (link to the issue). The lead article was a long paper by Jason Briggeman and me, on Israel Kirzner’s work on coordination and discovery. The thrust of our paper was an affirmation of Kirzner’s...
Persistent link: https://www.econbiz.de/10014180610
The work of Friedrich Von Hayek contains several testable predictions about the nature of market processes. Vernon Smith termed the most important one the 'Hayek Hypothesis': equilibrium prices and the gains from trade can be achieved in the presence of diffuse, decentralized information, and in...
Persistent link: https://www.econbiz.de/10013115213
policy or repeal the intervention and move toward freer trade. I illustrate the theory with two historical trade wars: The …
Persistent link: https://www.econbiz.de/10013312242
This paper connects the theory of the market process to scholarship on nonviolent action. Doing so advances market … process theory by bringing its interaction with nonviolent action and its peace-building potential to the forefront. It … process theory and nonviolent action we offer several illustrations of nonviolence in the market process …
Persistent link: https://www.econbiz.de/10014264718