Despite its remarkable pretensions of scientific nature, Marxism is not a scientific theory, as far as it is epistemologically built upon Hegel dialectical metaphysics idealist model. The three great epistemological mistakes evolving Marx's thought --Theologizing, economic determinism and...

In an earlier essay (North, 1981, Ch. 3) I developed a “Neo-Classical Theory of the State”. This essay elaborates, extends and modifies that essay in three directions: 1. It incorporates time into the model; 2. It is explicitly concerned with the perceptions –the belief systems? that...

In firms subject to tariff regulations, the authorities have developed “regulatory” accounting methods, to identify accepted costs and possible supernormal lrates of return. These methods are also useful in industries free from price regulation, because information about the economic rate of...