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.

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.

PBS Making Sen$e blog: The case for employee-owned companies

This is the “justice in production” argument in a nutshell posted on the PBS Making Sen$e website.

1991 clippings on work in Slovenia

Here are a few newspaper and magazine clippings from my efforts in Slovenia in 1990-91 to get a worker-ownership privatization law drafted and passed.

Talks and Publications in 2014

This is my 2014 yearly update on talks and publications (snarky emails and FB comments not included).

Talk on Alienation versus Delegation at Troy University

These are the slides for a talk on Alienation versus Delegation at a conference on Philanthropy and the Economic Way of Thinking at Troy University, Troy, Alabama November 7, 2014.

Talk on property theory at UMKC, Nov. 2014

These are the slides, with some minor additions and editing, for a talk On Property Theory given at the University of Missouri at Kansas City Economic Department November 17, 2014.

Property and Production

This is the 30th anniversary of the publication of this paper, Property and Production, which laid out the whole property-theoretic analysis of production. I would not change a word today.

Zagreb Talk Sept 2014

These are the slides and a video of a talk in Zagreb Sept. 8, 2014 on green issues and ESOPs.

On a fallacy in the Kaldor-Hicks efficiency-equity analysis

This paper shows that implicit assumptions about the numeraire good in the Kaldor-Hicks efficiency-equity analysis involve a “same-yardstick” fallacy.