This is a scan of my chapter in the new book: Commerce and Community: Ecologies of Social Cooperation, edited by Robert F. Garnett, Paul Lewis, and Lenore T. Ealy. London: Routledge, 2015.
On the Renting of Persons: The Neo-Abolitionist Case Against Today’s Peculiar Institution
March 24, 2015 by
To answer the “best case” voluntary-contractarian arguments for slavery and autocracy, the democratic and antislavery movements forged arguments not simply in favor of consent but arguments that voluntary contracts to legally alienate aspects of personhood were invalid “even with consent”—which made the underlying rights inherently inalienable. Once understood, those arguments have the perhaps “unintended consequence” of ruling out today’s self-rental contract, the employer-employee contract.
American Revolution Applied to Corporations
January 17, 2015 by
The basic idea of the talk was to take the fundamental principles of the American Revolution and apply them to the economic sphere.
Double-entry Bookkeeping: The Mathematical Treatment
November 20, 2014 by
This publication represents success in a long struggle, stretching over three decades, to get the mathematical treatment of double-entry bookkeeping published in an accounting journal.
Talk on property theory at UMKC, Nov. 2014
November 20, 2014 by
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
November 1, 2014 by
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
September 21, 2014 by
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
March 18, 2014 by
This paper shows that implicit assumptions about the numeraire good in the Kaldor-Hicks efficiency-equity analysis involve a “same-yardstick” fallacy.
On Property Theory
November 25, 2013 by
This paper is an introduction to property theory including the invisible hand mechanism which handles the initiation and termination of property rights in an on-going private property market economy. The Fundamental Theorem is that when Hume’s conditions of no involuntary transfers and no breached contracts are fulfilled, then the Lockean principle of people getting the fruits of their labor, i.e., imputing legal responsibility in accordance with de facto responsibility is satisfied. The major application is to the current system of a private property market economy based on the renting of persons, i.e., the employment contract.
This is a reprint of the paper in the Journal of Economic Issues in Sept. 2014.
Kantian Personhood Principle
January 17, 2013 by
This paper formulates the labor theory of property and democratic theory in the context of the Kantian personhood principle to treat other persons always as ends in themselves and never simply as means.