A bona fide morality favours a consistent free market capitalist system of law. If there are dangers and temptations arising from such a society, let the various institutions that can develop among free people respond to them. Individuals and their various voluntary organisations – not...

A small group of citizens wields significant influence in the corporate, political, and military realms of American society. This group is known in the literature as the “elite.” Looking at the disparity between the elite and the masses of society in terms of education, wealth, and political...

This essay provides a game-theoretic, endogenous view of institutions, and then applies the idea to identify the sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of East Asian economies as peasant-based economies in which...

We examine the empirical relationship between the institutions of economic freedom and labor shares in a panel of up to 93 countries covering 1970 through 2009. We find that a standard deviation increase in the Fraser Institute's Economic Freedom of the World (EFW) score is associated with about...

Авторы высказывают сомнения в необходимости каких-то новых парадигм политической экономии для понимания проблем современного экономического кризиса,...

This paper explores some of the theoretical linkages between Thorstein Veblen and Karl Marx. Special reference is placed Veblen's criticisms of Marx and the Marxist tradition for adhering to the preconceptions of (a) the natural right of labour to the full product, and (b) the teleology of...

This paper adds to the Marxist literature on the ecological crisis by drawing from the levels of analysis approach of Japanese political economists Kozo Uno and Thomas Sekine. While there are differences amongst scholars who have been influenced by this approach, I believe that Uno and Sekine's...

The 1973-1978 workgroup on money of the Italian Workerist journal Primo Maggio aimed to change the social role of political intellectuals by innovating the methodology of historiography, sociology, economics and political science. Its research focused on the Marxian analysis of money in relation...