Praxeology is the science of human action and conduct. It is the study of those aspects of human action that can be grasped a priori; in other words, it is concerned with the conceptual analysis and logical implications of preference, choice, means-end schemes, and so forth. Praxeology consists...

Social contract theory is incoherent and it does not work as desired. Among the most obvious disanalogies is that contracts are enforced by a third party, commonly the state. There is no such external enforcer for a constitution. Contractarian theorists typically ignore all such issues and use...

The article focuses on the justification provided by classical contract theory for the right of states to enact laws and the corresponding obligation of political allegiance. At first the distinction between political authority and parental authority developed by John Locke in his seminal work...

В статье рассматривается развитие экономической мысли в работах философов Античности и Нового времени. Делается вывод о том, что развитие экономической науки...

Everyone has to eat, so those who produce food must produce enough to feed themselves and to feed all those who do not produce their own food. Once stated. this is trivially obvious but, I will argue, making that simple relation between agriculture and the rest of the economy explicit and, at...

In his essay on public credit, Hume advances two arguments in favour of government borrowing and five against. It is interesting to cast his various arguments.

«Reflexiones sobre el estado actual del comercio de España» —Reflections on the current state of commerce in Spain— was anonymously published in 1761. At the time both the treatise and its author, the merchant Simón de Aragorri, were well known. Nevertheless, the work vanished for...

The mirror-neuron system (MNS) becomes instigated when the spectator empathizes with the principal’s intention. MNS also involves imitation, where empathy is irrelevant. While the former may attenuate the principal’s emotion, the latter paradoxically reinforces it. This paper proposes a...

Hume's contribution to modern economics is normally thought of in terms of his early statement of the quantity theory of money, and to a lesser extent his views on trade and development. At a methodological level the influence from his empiricism is commonly traced to the development of...