This article proposes an alternative conceptualization of freedom of choice. The endeavour is motivated by the view that welfare comprises various capabilities (prominently among them freedom), which have to be measured and compared separately. Starting from a critical appraisal of recent work...

Angesichts der hohen Arbeitslosigkeit wird in der wirtschaftswissenschaftlichen Literatur die Frage diskutiert, inwieweit Lohnzurückhaltung auf Arbeitnehmerseite zu einer Beschäftigungsausweitung beitragen kann. Wie sind die zugrundeliegenden theoretischen Konzepte zu beurteilen?

Some economists find markets everywhere and assume that they emerge spontaneously once a set of necessary conditions such as well-defined property rights is fulfilled. Others emphasise the role of organisations and contend that markets are actually less dominant. But despite claims to the...

The paper examines whether interpersonal comparisons of utility have to be interpreted as positive, normative or value-laden. It suggests first that recent arguments advanced by John Davis which appeal to the functional role of utility comparisons neither suffice to characterise utility...

Problems of representation lie at the centre of recent experiments in deliberative democracy. The problems are not primarily social scientific questions concerning the statistical representiveness of small-scale deliberative institutions but normative questions about their political and ethical...

Hayek's epistemic arguments against planning were aimed not just against socialism but also the tradition of ecological economics. The concern with the physical preconditions of economic activity and defence of non-monetary measures in economic choice were expressions of the same rationalist...