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The purpose of this essay is to describe and analyze the Austrian approach to law and economics within the context of the law and economics discipline. The important and distinctive feature of the Austrian approach is the emphasis on economic and legal processes. We focus on four themes within...
Persistent link: https://www.econbiz.de/10012969126
with one foot each in the mainstream marginalist tradition and heterodox social theory. I argue that this paradox can be …
Persistent link: https://www.econbiz.de/10014152508
’s welfare theory as articulated in his classic essay on the subject (2008). More specifically, they suggest that the theory in …
Persistent link: https://www.econbiz.de/10014101894
The meaning of Methodological Individualism has been one of the most diversified concepts and is one of the basic methodological principles of the social sciences. It indicates an orderly, repeatable and self-correcting research procedure whose object of study is individuals and their set of...
Persistent link: https://www.econbiz.de/10014114558
with one foot each in the mainstream marginalist tradition and heterodox social theory. I argue that this paradox can be …
Persistent link: https://www.econbiz.de/10013152845
In trying to construct a more humanistic economic science in which women’s contribution is duly acknowledged, feminist economics proposes quantitative methods to compute non-market activities in traditional or novel economic indicators. Additionally, feminist economists seek to refocus...
Persistent link: https://www.econbiz.de/10013322553
Some economists in the Austrian tradition interpret the Arrow Impossibility Theorem (AIT) as support for their laissez-faire standpoint. They presume that the AIT cannot be applied in market settings, but in the context of voting, it adds weight to their arguments against the possibility of...
Persistent link: https://www.econbiz.de/10014259756
Theologian John Courtney Murray was the primary motivator behind the Vatican II document, The Declaration on Religious Liberty. Murray and that document held that man had an inherent dignity that does not allow coercion in religious belief by public or private groups or institutions. Only...
Persistent link: https://www.econbiz.de/10014056883
Persistent link: https://www.econbiz.de/10013136606
The Austrian school of economics has recently made inroads into and appears may become an important perspective in the study of strategic management and entrepreneurship. Yet we see little of the prediction two decades ago that a specifically "Austrian school of strategy" would emerge (Jacobson,...
Persistent link: https://www.econbiz.de/10013062558