The basic idea of the talk was to take the fundamental principles of the American Revolution and apply them to the economic sphere.
Talk on Alienation versus Delegation at Troy University
November 20, 2014 by
These are the slides for a talk on Alienation versus Delegation at a conference on Philanthropy and the Economic Way of Thinking at Troy University, Troy, Alabama November 7, 2014.
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.
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.
Making Enterprises and Markets Responsible
March 26, 2013 by
This is a paper written to further Richard Cornuelle’s abiding vision of a more responsible economy and posted here to invite comment. The basic idea is revisit the whole idea of a market economy dominated by absentee-owned and publicly traded corporations (“Wall Street Capitalism”) that disconnect companies (“the Mother of all disconnects”) from the natural desires of the people working in the companies to improve their communities.
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.
Property and Contract in Economics: The Case for Economic Democracy
December 19, 2012 by
This book presents a modern version of the old Labor (or Natural Rights) Theory of Property and of an Inalienable Rights Theory that descends from the Reformation and Enlightenment. Together these theories re-solve the basic problem of distribution in the sense of giving a basis for the just appropriation of property and a basis for answering the question of who is to be the firm, e.g., the suppliers of share capital as in conventional capital, the government as in socialism, or the people who work in the firm as in the system of economic democracy (or labor-managed market economies).
The Two Institutional Logics
December 12, 2012 by
This paper, published in a Korean English-language journal, argued for the logic of commitment in the design of a firm rather than the logic of exit. The contrasts between these two logics is explored in many fields.
The Democratic Firm: An Argument based on Ordinary Jurisprudence
December 9, 2012 by
This is an article in the Journal of Business Ethics treating a more fundamental topic than the usual fare on business ethics.
Brookings Conf. Paper on Workplace Democracy
December 9, 2012 by
This is a paper on workplace democracy and the corporate governance debate which was prepared for a 1998 conference at the Brookings Institution. For some reason, it was never published.