Featured | Democratic Firms
Are Corporations the Problem?
Are corporations the problem? Can reforms in the area of corporate responsibility (e.g., more stakeholder governance) lead to any real changes? The goal of the paper is to analyse debates concerning the Citizens United case, corporate personhood, the stakeholder theory, the affected interests principle and, finally, deeper fallacies with respect to the rights of capital embedded in Marxism and conventional economic theories of capital and corporate finance.
Classical Liberalism and the Abolition of Certain Voluntary Contracts
This paper analyzes three contracts and shows that there is indeed a deeper democratic or Enlightenment classical liberal tradition of jurisprudence that rules out those contracts. The ‘problem’ is that the same principles imply the abolition of the employment contract, the contract for renting human beings, which is the foundation for the economic system that is often (but superficially) identified with classical liberalism itself. Frank Knight is taken throughout as the exemplary advocate of the economics of conventional classical liberalism.
Featured | Development
Tocqueville and Employee Ownership
There seems to be two rather different philosophies of aid to development and poverty relief. (1) The progressive/social-democratic approach is for the government or aid agencies to do more and more good things for people. (2) The classical-liberal approach is to change the underlying conditions so that people are empowered to do good things for themselves. In this paper, we analyze Alexis de Tocqueville’s approach to these questions in his First Memoir and his (unfinished) Second Memoir on Pauperism.
Opening the gates to Plato’s Heaven
The recipe to “open the gates to Plato’s Heaven” is by minimizing
the role of rivalrous substance and maximizing the role of non-rivalrous form. This creates a whole
series of different processes, positive feedback processes, vicious or virtuous circles, cumulative
circular causality, and increasing returns phenomena, which are analysed in this paper.
Featured | Property Theory
Classical Liberalism and the Abolition of Certain Voluntary Contracts
This paper analyzes three contracts and shows that there is indeed a deeper democratic or Enlightenment classical liberal tradition of jurisprudence that rules out those contracts. The ‘problem’ is that the same principles imply the abolition of the employment contract, the contract for renting human beings, which is the foundation for the economic system that is often (but superficially) identified with classical liberalism itself. Frank Knight is taken throughout as the exemplary advocate of the economics of conventional classical liberalism.
Fallacies about corporations
This article comments on Isabelle Ferreras’s “Democratizing the Corporation.” The focus is on the conceptual framing, which arguably contains a number of problems that are quite common on the left and are thus doubly deserving of commentary and explanation.
Featured | Quantum Mechanics
Born Again! The Born Rule as a Feature of Superposition
Where does the Born Rule come from? We ask: “What is the simplest extension of probability theory where the Born rule appears”? This is answered by introducing “superposition events” in addition to the usual discrete events.
A new logical measure for quantum information
Logical entropy is compared and contrasted with the usual notion of Shannon entropy. Then a semi-algorithmic procedure (from the mathematical folklore) is used to translate the notion of logical entropy at the set level to the corresponding notion of quantum logical entropy at the (Hilbert) vector space level.
Featured | Mathematics
The Mean and Variance as Dual Concepts
This paper gives a new derivation of the variance (and covariance) based on the two-sample approach, which positions the variance on the partition and information theory side of the duality and thus dual to the mean.
Generative Mechanisms
The purpose of this paper is to abstractly describe the notion of a generative mechanism
that implements a code and to provide a number of examples including the DNA-RNA machinery that
implements the genetic code, Chomsky’s Principles & Parameters model of a child acquiring a specific
grammar given ‘chunks’ of linguistic experience (which play the role of the received code), and embryonic
development where positional information in the developing embryo plays the role of the received code.
