#### Featured | Democratic Firms

## COVID-19 Aid to Promote Employee Ownership

June 4, 2020 By admin

The premise of this paper is that state aid to distressed companies should beneﬁt not only the current owners but also the employees, who are the ones taking personal risks to continue or restart companies.

## Reclaiming Democratic Classical Liberalism

March 19, 2020 By admin

The argument shows that the classical liberal endorsement of sovereign individuals acting in the marketplace generalizes to the joint action of individuals as the principals in their own organizations and associations.

#### Featured | Development

## Comments on Universal Basic Income

June 1, 2020 By admin

This is a draft paper called “UBI: A Bad Idea Whose Time has Come?”. The income supplements supplied due to the coronavirus pandemic have put the UBI back on the policy agenda, so it is appropriate to re-examine the idea. Click here to download the draft paper.

## Worker Ownership and the Current Crisis

March 15, 2020 By admin

There are so many crises these days (coronavirus, global warming) that this paper seems already out of date since we are referring to the crisis caused by the neoliberal post-socialist transition policies in East Europe and elsewhere in the post-socialist world.

#### Featured | Property Theory

## Conceptual Errors in the Arrow-Debreu Model

July 15, 2020 By admin

The highly mathematical nature of the Arrow-Debreu and other similar models of general equilibrium hide rather than elucidate the nature of equilibrium in a private property market economy where all factors of production may be purchased or rented.

## Fallacies of Corporate Analysis

November 13, 2019 By admin

Our goal is to analyze a miscellany of fallacies concerning the Citizens United case, corporate personhood, the stakeholder theory, the affected interests principle, and finally ending with the deeper fallacies concerning the rights of capital that are embedded in the conventional economic theories of capital and corporate finance.

#### Featured | Quantum Mechanics

## Probability Theory with Superposition Events

June 18, 2020 By admin

In finite probability theory, events are subsets S⊆U of the outcome set. Subsets can be represented by 1-dimensional column vectors. By extending the representation of events to two dimensional matrices, we can introduce “superposition events.”

## New Light on the Objective Indefiniteness or Literal Interpretation of QM

December 17, 2018 By admin

This paper shows how the mathematics of QM is the math of indefiniteness and thus, literally and realistically interpreted, it describes an objectively indefinite reality at the quantum level. In particular, the mathematics of wave propagation is shown to also be the math of the evolution of indefinite states that does not change the degree of indistinctness between states. This corrects the historical wrong turn of seeing QM as “wave mechanics” rather than the mechanics of particles with indefinite/definite properties.

#### Featured | Mathematics

## How Category Theory Works

July 11, 2020 By admin

The purpose of this paper is to show that the dual notions of elements & distinctions are the basic analytical concepts needed to unpack and analyze morphisms, duality, and universal constructions in the Sets, the category of sets and functions.

## Negation and Implication in Partition Logic

July 4, 2020 By admin

Our purpose in this paper is to explore the notions of negation and implication in that other mathematical logic of partitions.