A successful transition involves balancing a decisive break with the previous regime with the simultaneous minimization of the costs associated with the administration of justice. Where the benefits of pursuing transitional justice outweigh the associated costs, the administration of justice is...

Early efforts to tame man’s passions going back to antiquity focused on the repression of those passions. As the political and social sciences emerged, the argumentative focus shifted from repressing to harnessing man's passions. This is what produced the discovery of the "invisible hand"...

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...

Richard Wagner's "Mind, Society, and Human Action" strives to portray the game of life as played out in the fields of economics, politics, and society as a theory of society that eschews close ended choice and single exit theories. In doing so, he emphasizes specific institutional contexts and...

This paper evaluates the contribution of Risk, Uncertainty, and Profit to the development ofeconomic theory in the 20th century. Our argument in this paper is twofold. First, we contend thatthis book embodied what had been the common knowledge of early neoclassical economics priorto WWII....

In this essay, we survey the use of knowledge in economics and argue that knowledge should be treated one way rather than another. In other words, we see our purpose as both positive and normative. First, we want to show how some economists have treated knowledge in their analytical depictions...