Conceptual Errors in the Arrow-Debreu Model

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.

COVID-19 Aid to Promote Employee Ownership

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

Comments on Universal Basic Income

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.

Classical Liberalism and Workplace Democracy

This is a paper coauthored by Tej Gonza for the European Liberal Forum, the foundation associated with the Lib-Dem parties of the EU in the EU Parliament. It explores the support for workplace democracy given by democratic classical liberals such as Tocqueville, Mill, Dewey, and Buchanan.

Interview at Norwegian Thinktank Manifest (English trans.)

English translation of June 2018 interview at Oslo think-tank Manifest.

LAHS Class of ’61 Yearbook

Thanks to Butch Ray’s page on Gray Haired Teenagers, here is a PDF of the essential pages (none of the ads) for the 1961 year book concerning the Senior Class that year.

Worker Cooperative as an Employee Ownership Fund

This paper shows how a worker cooperative can serve as an ESOP-like employee-ownership vehicle to make a partial or total buyout of a conventional company.

Source-paper on theory of inalienability

This paper is only a collection of likenesses and representative quotations from thinkers about inalienability and inalienable rights starting from Antiquity down to the present.

Some Less Well-Known Supporters of Workplace Democracy

This is a collection of likenesses or pictures and some representative quotations of a number of less well-known supporters (all dead white men) of workplace democracy.

Alleged Problems in Labor-Managed Firms

This paper will discuss two problems that have plagued the literature on the Ward-Domar-Vanek labor-managed firm (LMF) model, the perverse supply response problem and the Furubotn-Pejovich horizon problem.