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Our main contention is that two different re-conceptualizations of liberal democracy took place among Chicago economists in the postwar period. The first emerged out of Frank H. Knight's ruminations in the 1930s on the failures of liberalism. By the 1940s, Knight devoted most of his attention to...
Persistent link: https://www.econbiz.de/10013113136
to capitalism and alternative forms of capitalism is not in the ongoing problematization of the dominance of the economic … in order to be able to observe capitalism. Answering this question, we show that the form capitalism can only be unfolded … remaining function systems. We therefore suggest that the observation of both alternatives to capitalism and alternative …
Persistent link: https://www.econbiz.de/10012971427
Persistent link: https://www.econbiz.de/10008701592
The idea of a kaleidic economy or society is strongly associated with George Shackle and his vision of Keynesian kaleidics. This essay asserts that the central thrust of the Austrian tradition in economic analysis can be described by the term Viennese kaleidics. In either version of kaleidics,...
Persistent link: https://www.econbiz.de/10013118790
This paper sustains that reappraising Austrian economics in the light of Aristotelian ideas is not only possible but also fruitful. First, the paper draws a sketch of the essential features of Austrian economics. Next, it argues about the necessity for a thorough analysis of the notion of...
Persistent link: https://www.econbiz.de/10012768271
The libertarian defense of free enterprise, free trade, and freedom from government regulations and controls is grounded in a normative commitment to individual freedom. The majority of the economics profession, including the Chicago School, are committed in the first instance to methodological...
Persistent link: https://www.econbiz.de/10012825705
history of the 'Chicago School.' The claims involve the role of F.A. Hayek in creating the School, the reasons behind some …
Persistent link: https://www.econbiz.de/10012718773
At the time of publication, this article provided the most in-depth critique of capital account liberalization in any U.S. law journal. The article stemmed from a paper presented by the author to the Seventh Annual Conference of the United States-Mexico Law Institute in Santa Fe, New Mexico on...
Persistent link: https://www.econbiz.de/10014055934
This article started as a plenary paper that was presented to the annual International Economic Law conference of the American Society of International Law. The conference itself posed the question of whether the new international economic order was leading to greater peace, stability, fairness...
Persistent link: https://www.econbiz.de/10014055937
Over the past two centuries or so, capitalism has undergone profound changes--economic cycles that veer from boom to … bust--from which it has always emerged transformed and strengthened. Surveying this turbulent history, Paul Mason …'s Postcapitalism argues that we are on the brink of a change so big and so profound that this time capitalism itself, the immensely …
Persistent link: https://www.econbiz.de/10011343112