Featured | Democratic Firms
Labor theory of property and Marginal productivity theory
This is a reprint from the journal Economic Thought of a paper on the labor theory of property and the neoclassial theory of marginal productivity.
Does Classical Liberalism Imply Democracy?
This paper, written for a classical liberal audience, goes into the fault line running down the middle of the doctrine: does classical liberalism imply democracy? The libertarian wing, represented concretely today in the startup or charter cities initiatives, only requires consent (and exit) so the consent could be to a non-democratic pact of subjection. The democratic form of classical liberalism is represented by the mature James M. Buchanan who held that a liberal social order required people to be principals in their organizations who could only delegate but not alienate their rights of self-governance. That distinction is traced back to the Reformation inalienability of conscience that descends through the Enlightenment to modern times in the abolitionist and democratic movements.
Featured | Development
Neoclassical Economics as the New Social Engineering
This is a paper on the role of neoclassical economics in the disastrous “Big Bang” or “shock therapy” advice given by Western academics and Western advisory agencies to the post-socialist countries. It is part of the Oxford Handbook of Professional Economic Ethics.
Parallel Experimentation
The theme of parallel experimentation is used to recast and pull together dynamic and pluralistic theories in economics, political theory, philosophy of science, and social learning.
Featured | Property Theory
Labor theory of property and Marginal productivity theory
This is a reprint from the journal Economic Thought of a paper on the labor theory of property and the neoclassial theory of marginal productivity.
On Vectorial Marginal Products and Modern Property Theory
When proposing some unorthodox theory, like the modern labor theory of property, orthodox economists always say: “Show me the math!” Well, here it is.
Featured | Quantum Mechanics
On Classical and Quantum Logical Entropy: The analysis of measurement
This paper shows how classical and quantum logical entropy arise out of the logic of partitions, and then it shows how there is a natural connection between the nxn distinctions and indistinctions of a partition and the nxn entries in a density matrix so that the classical and quantum logical entropy can directly register what happens to the density matrix in a projective measurement. The standard notion of von Neumann entropy does nothing of the kind–so the paper is also an indirect critique of von Neumann entropy as the most natural and ‘informative’ notion of entropy to use in quantum information theory.
What can logic contribute to information theory?
Basically this paper shows how the notion of logical entropy arises out of the logic of partitions dual to ordinary logic of subsets (‘propositional’ logic) and then turns to showing how logical entropy compares favorably to the standard notion of Shannon entropy. Thus the last part of the paper is essentially a critique of Shannon entropy.
Featured | Mathematics
On Classical and Quantum Logical Entropy: The analysis of measurement
This paper shows how classical and quantum logical entropy arise out of the logic of partitions, and then it shows how there is a natural connection between the nxn distinctions and indistinctions of a partition and the nxn entries in a density matrix so that the classical and quantum logical entropy can directly register what happens to the density matrix in a projective measurement. The standard notion of von Neumann entropy does nothing of the kind–so the paper is also an indirect critique of von Neumann entropy as the most natural and ‘informative’ notion of entropy to use in quantum information theory.
What can logic contribute to information theory?
Basically this paper shows how the notion of logical entropy arises out of the logic of partitions dual to ordinary logic of subsets (‘propositional’ logic) and then turns to showing how logical entropy compares favorably to the standard notion of Shannon entropy. Thus the last part of the paper is essentially a critique of Shannon entropy.
