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The paper compares the Sen's paradox on the Paretian liberal (1970) and the standard version of the Coase theorem (1960). The comparison of the two theorems is somehow puzzling: If we accept Sen then we have to forget Coase and vice-versa. Following the analysis of Hillinger and Lapham (1971),...
Persistent link: https://www.econbiz.de/10014103775
There has been much study of the consequences of economic freedom but, outside of the role of political institutions …, there has been little study of the determinants of economic freedom. We investigate whether religion affects economic … freedom. Our cross-sectional dataset includes 137 countries averaged over the period 2001-2010. Simple correlations show that …
Persistent link: https://www.econbiz.de/10011515355
There has been much study of the consequences of economic freedom but, outside of the role of political institutions …, there has been little study of the determinants of economic freedom. We investigate whether religion affects economic … freedom. Our cross-sectional dataset includes 137 countries averaged over the period 2001-2010. Simple correlations show that …
Persistent link: https://www.econbiz.de/10012984498
2016 in combination with the Economic Freedom of the World Index, we find that inequality only matters in determining medal …
Persistent link: https://www.econbiz.de/10012145428
the perspective of economic liberalism. We argue that the idea of freedom is fundamental to economics and that privacy can … be best conceived as a specific form of freedom. Furthermore, we apply the idea that freedom, and by extension privacy … restrictions on freedom and, by implication, on privacy is translated into a criterion that rules out unacceptable restrictions on …
Persistent link: https://www.econbiz.de/10014156265
The paper discusses the problem of initial assignments of rights. An attempt is made to characterise a system of rights in the spirit of Rawls' first principle of justice according to which society should adopt the most extensive system of equal basic liberties
Persistent link: https://www.econbiz.de/10014071199
Persistent link: https://www.econbiz.de/10014554496
Persistent link: https://www.econbiz.de/10013166694
Capitalism, characterized by private ownership, coordination through markets, and decentralization, is blamed for a variety of economic, environmental, and social ills. These critiques often confuse capitalism with cronyism, a system of government favoritism toward particular firms. We show how...
Persistent link: https://www.econbiz.de/10013238300
This paper will discuss how the Financial Crisis of 2008 has thrown neoliberalism into a deep legitimation crisis. Over the past four decades the neoliberal ethic of Ronald Reagan and Margaret Thatcher has permeated American life both public and private. The principles of the laissez faire...
Persistent link: https://www.econbiz.de/10014179691