In this paper, we discuss the relationship between responsibility and joint production. Responsibility mirrors our ability to act freely. We can act freely only if we can assume responsibility for our actions and their consequences; the limits of our responsibility are therefore also the limits...

Uskali Mäki has long argued that realist interpretations of economics do not face a challenge regarding the ontological status of non-observable theoretical entities. He argues that in economics, unlike physics, the theoretical entities are "commonsensibles" – entities familiar from our...

This paper describes a protocol we have developed for teaching undergraduates to document the statistical analysis they do for empirical research projects in such a way that their results are completely reproducible and verifiable. The protocol is guided by the principle that the documentation...

The marketing and sales polices of Iranian crude oil have been revised and changed after the Islamic Revolution of 1979. Production policy that drastically cut back production in order to maintain oil reserves for future generations. In terms of marketing Iranian crude oil, the new revolutionary...

There is at the very least a tension between the two basic building blocs of Austrian economics. The doctrine of singularism maintains that is inevitably and necessarily between two and only two things: that which is chosen, and the next best alternative, which is set aside. However, implicit in...

The creation of the European Higher Education Area has meant a number of significant changes to the educational structures of the university community. In particular, the new system of European credits has generated the need for innovation in the design of curricula and teaching methods. In this...

Binmore and Shaked (this issue) criticize Fehr and Schmidt’s (1999) model of inequality aversion. We present a considerable body of experimental research supporting the inequality aversion motive. Binmore and Shaked also urge experimentalists to adopt “a more skeptical attitude when...