Few economists choose to write memoirs, and of those who do most adopt the "logic of my contributions£ approach. Tibor Scitovsky, Hungarian-born theorist who spent most of his career at Stanford and Berkeley, instead left us unpublished recollections, many of his childhood, others bearing on...

A half-century of empirical work on the factor proportions theory has identified "paradoxes" and "mysteries", but has failed to devise simple amendments that bring theory and data inot reasonable congruence. Our study considers standard and novel hypotheses regarding the failures of the...

Financing patterns in corporate takeovers and private equity deals over the last twenty years demonstrate the widespread application of Rolnick and Weber’s (1986) extension of one of the most venerable principles of monetary economics: Gresham’s Law. Two currencies, corporate securities (bad...

Jim Buchanan kept pictures of Knut Wicksell and Frank H. Knight on his office wall. Yet a careful look at Buchanan's work indicates that it ran counter to that of Frank H. Knight. Knight and Buchanan disagreed on the methodological, economic, ethical, and political assumptions that drove their...

Scholars routinely credit R.H Coase and his first seminal work — The Nature of the Firm — as the progenitor of the nexus-of-contracts theory of the corporation. This account, which has dominated legal scholarship for four decades, describes a corporation as a nexus of contracts between the...

Inclusivity is perhaps the single most important human need to facilitate and demonstrate fairness for all members in an open and free society. When this principle need is compromised by appearances of unscrupulous self-interested privileged elites to perpetuate a systemic widening disparity...

Friedrich Hayek is often credited with the resurgence of interest in alternative monetary systems. His own proposal, however, received sharp criticism from Milton Friedman, Stanley Fischer, and others at the outset and never gained much support among academic economists or the wider population....

Be it on topics of property, contract, commerce, trade, tax, legal history, or other matters, jurisprudence in the United States often invokes economic thinking in providing a rationale for legal outcomes. Consequently, I wondered how often the appeal to economic thinking in the courts included...

This book reviews, organizes and categorizes the humor of the Hebrew Bible, the Talmud and the Midrash, and presents it to the reader in a clear, readable, accessible manner. These works, replete with many types of humor and wit, have influenced the Jewish people in a major way over the...