This paper revisits the seminal early work of the late Albert Hirschman on development strategy and his critique of the “big push” strategies in order to elucidate the current debates about conditionality-based aid and comprehensive development programs.
Why Shock Therapy was Wrong
December 14, 2012 by
This article in Challenge May-June 2003 tried to pull together thoughts on two questions: the overall institutional change strategy and the alternatives to and arguments against voucher privatization.
Numeraire Illusion: The Final Demise of the Kaldor-Hicks Principle
December 13, 2012 by
The result in this paper undercuts the major applications of the Kaldor-Hicks reasoning in the standard Chicago school (wealth maximization) of law and economics, cost–benefit analysis, policy analysis, and related parts of applied welfare economics.
Wall Street Capitalism as “The Model” for Market Economies
December 13, 2012 by
This paper addresses the way the American “Wall Street Capitalism” embodies the irresponsible disconnect between action and the results that markets (unlike governments) are supposed to prevent. This paper is in the Slovene journal Theory and Practice that dates back to 1964.
Marxism as a Capitalist Tool
December 13, 2012 by
The Great Debate between capitalism and socialism is now in the dustbin of intellectual history, but Marxism still plays an important role in sustaining the misframing of the questions so that the defenders of the present employment system do not have to face the real questions that separate that system from a system of economic democracy. In that sense, Marxism has become the ultimate capitalist tool.
Inalienable Rights: A Litmus Test for Liberal Theories of Justice
December 12, 2012 by
This paper published in the European journal, Law and Philosophy, examines the intellectual history of inalienable rights theory, and critically examines the work of liberal philosophers of justice, John Rawls and Robert Nozick, from that perspective.
Introduction to Property Theory
December 12, 2012 by
This is yet another unpublished paper to introduce property theory to various audiences, particularly economists.
The Libertarian Case for Slavery: A Note on Nozick
December 12, 2012 by
This is a historically important paper, by one “J. Philmore,” arguing along with Robert Nozick from a free-market libertarian viewpoint that the self-sale contract and the current employment or self-rental contract are on the same moral footing.
The Market Mechanism of Appropriation
December 12, 2012 by
This is a non-mathematical treatment of the fundamental theorem about the laissez faire mechanism for property appropriation.
Hume Implies Locke: Fundamental Theorem of Property Theory
December 12, 2012 by
The fundamental theorem for the invisible hand mechanism in the property system is that if Hume’s conditions are satisfied, then the invisible judge imputes in accordance with the Lockean responsibility principle. The paper mathematically formulates and proves the theorem using vector flows on graphs.