Throughout his life, John Stuart Mill warned contemporaries about stagnation or immobility, a most dangerous phenomenon, perhaps the chief evil then begining to afflict modern societies. Despite its close links with many other key ideas in Mill, the perils of stagnation have not yet been subject...

J. S. Mill's statement that "an engagement by which a person should sell himself, or allow himself to be sold, as a slave would be null and void; neither enforced by law nor by opinion" has sparked a lively debate on his supposed paternalism and on its consistency with his views on individual...

This paper examines the economic rationale of the ideas of Gladstone & Chadwick on railway regulation and the legacy of their ideas. In 1844 Gladstone proposed and implemented what we would now call price and quantity regulation whereas in 1859 Chadwick proposed competition "for the field", i.e....

The present paper establishes a general picture of Say's economic thought. The first part provides a general view of Say's writings stressing his economic publications other than the Traite, and the non-economic publications covering two other realms of what was labelled the Sciences morales et...

Recent events in the Gulf of Mexico have revealed that major oil companies were not prepared for what happened. Their preparations suggest a "do first, worry about it afterwards" attitude. Schemas are cognitive structures which have strong, often unconscious, effects on thought, behaviour and...

It has been alleged that J M Keynes, quoting in the General Theory a passage from J S Mill's Principles, misunderstood the passage in question and was therefore wrong to cite Mill as an upholder of the 'classical' proposition that 'supply creates its own demand'. We believe that, although Keynes...

Haiku is a distinguished (if short) form of poetry with roots dating back to 17th century Japan. Poets understand that haiku is the most efficient form of economic speech. But technical efficiency is not the only or even the main goal of writing haiku. Haiku clear a trail for enlightenment and...

This is the only book in print in the world about the single global currency, and is the only book in the world priced in 147 currencies. It describes the origins of the current worldwide foreign exchange system, and tells how to change it; and save the world - trillions. The multicurrency...

This paper works out some of the basic properties of an economy with energy as a factor of production. The economy now consists of streams of energy conversions that direct energy to the production of goods and services. The focus on energy generates a variety of insights. It yields a new...

The study of luck in moral and political philosophy has generated two camps: the ``luck egalitarians,'' who see justice as demanding aggressive efforts to reduce inequalities produced by luck broadly conceived, and the advocates of ``democratic equality,'' who emphasize traditional liberal...