Showing 191 - 196 of 196
I was asked by a national economics correspondent to give a short version, written in non-technical terms, of the responsibility principle (or labor theory of property) applied to the workplace. This is the “justice in the workplace” argument in a nutshell
Persistent link: https://www.econbiz.de/10014132104
Liberal thought (in the sense of classical liberalism) is based on the juxtaposition of consent to coercion. Autocracy and slavery were supposedly based on coercion whereas today's political democracy and economic "employment system" are based on consent to voluntary contracts. This paper...
Persistent link: https://www.econbiz.de/10014152407
A new logic of partitions has been developed that is dual to ordinary logic when the latter is interpreted as the logic of subsets of a fixed universe rather than the logic of propositions. For a finite universe, the logic of subsets gave rise to finite probability theory by assigning to each...
Persistent link: https://www.econbiz.de/10014207597
Liberal-contractarian philosophies of justice see the unjust systems of slavery and autocracy in the past as being based on coercion - whereas the social order in the modern democratic market societies is based on consent and contract. However, the 'best' case for slavery and autocracy in the...
Persistent link: https://www.econbiz.de/10014210559
The Kaldor-Hicks principle (potential Pareto improvement) has fostered the modern revival of an older Marshall-Pigou tradition of welfare economics. That tradition was based on the parsing of a potential change into a change in the size of some "social pie" measured in money (e.g., Pigou's...
Persistent link: https://www.econbiz.de/10014210560
Persistent link: https://www.econbiz.de/10012573066