For nearly a century, most persons who have studied or written about property have conceived of it as a bundle of rights or, colloquially, as a bundle of sticks. In the mid 1990s, several philosophically minded academic lawyers questioned whether property should be thought of as a bundle at all....

In this paper we have presented arguments for heuristics on economics research. In particular, have been important aspects that show how the tradition of the theory, to make principle simplicity to represent many empirical data of experience or information, was one of the goals set by the...

One’s ideological views – that is, the pattern of positions one tends to take on important public-policy issues – run deep and change little. Inevitably they involve commitments and judgments about the most important things. Just as we value disclosure of vested interests, we value...

This paper investigates the emergence of retail clusters on supply chains comprised of suppliers, retailers, and consumers. An agent-based model is employed to study retail location choice in a market of homogeneous goods and a market of complementary goods. On a circle comprised of discrete...

In a lucid and compelling analysis, written for economists and non-economists alike, the authors find that happiness research cannot be used to justify government intervention in the way its proponents suggest. Those who would wish governments to take into account measures of wellbeing when...

This article describes, within a microeconomic intergenerational bargaining framework incorporating two discrete periods and binary states of risks, some new aspects regarding the mixture of intergenerational risk sharing and social security. Here, state-dependent utility under mortality risk...

This paper develops a hypothesis of the economist, Albert Hirschman in 'The Rhetoric of Reaction, Perversity, Futility, Jeopardy' (Harvard, 1991) regarding the history of the independence of Colombia. The Rhetoric of Independence extended the geographical worldview of the people of Spanish...

This article offers an approach to the general structure of the controversy in economy. In our case we adopted a perspective to study a particular aspect of the rhetoric that comes from the context of a particular controversy: the controversy on the advantages of the free commerce between Daly...

This article examines how the Supreme Court and appellate courts have taken into account developments in natural science and economics in evaluating Commerce Clause challenges to environmental laws, and applies this examination to the context of wetlands regulation. I present a descriptive...

The economy operates simply and naturally. Employees produce products and services, which function as pay for their labour and other input factors. A huge problem arises here: how does society work collectively and in doing so reap the benefits of specialisation and cooperation? How should the...