If the capital metaphor is to be taken seriously, social capital must focus on sources and not consequences. Human motive is the equivalent of physical capital goods which can perform transformative functions such as creating utility for one person out of the consumption of another and solving...

When the first economics departments were proposed at Cambridge and Oxford, the proponents thought acceptance would be improved if economics could be seen as incorporating the methods of physics. The enterprise was premised on the existence of economic laws that describe invariant relationships...

Game theory and other approaches have been used to characterize problems involving high-exclusion-cost goods which also have the characteristic that marginal cost of an additional user is zero over some range. These analytical tools have made valuable contributions to understanding voluntary...

This paper describes the structure and capabilities of BENCOS, gives instructions on how to use the template, and comments on possible modifications of the template.

BENCOS is a Lotus 1-2-3 template designed for benefit-cost analysis. This document describes the structure and capabilities of BENCOS, followed by instructions on how to use the template, and comments on possible modifications of the template.

Game theory and other approaches have been used to characterize problems involving high-exclusion-cost goods which also have the characteristic that marginal cost of an additional user is zero over some range. These analytical tools have made valuable contributions to understanding voluntary...

This article assesses the effect of labor demand and labor supply conditions on distribution of poverty across small communities in Michigan. The poverty model used for the analysis is based on the production behavior of the communities' residents, and is estimated using Census 2000 data. The...

This thoroughly updated and revised edition of a popular and authoritative reference work introduces the reader to the major concepts and leading contributors in the field of law and economics. The Companion features accessible, informative and provocative entries on all the significant issues,...

Heterodox scholarship at Michigan State University (MSU) was influenced by the institutional economics of John R. Commons at Wisconsin. But it was far from monolithic and had many other sources and originality of its own. A case can be made that the center of institutional economics moved across...