1 CULTURAL EVOLUTION TRUE AND FALSE
... forth in Hayek, but indeed has never been systematically investigated by him. It is true that later in
his work Vanberg takes a much more positive approach to Hayek’s “evolutionary paradigm”,
conceding that this “is, in fact, a much more fundamental element of Hayek’s thought than is
commonly recogn ...
The Preamble and Indigenous Recognition
... environment) and institutions (eg local government). It could result in an unseemly and
divisive political auction for constitutional recognition
Chapter 5 examines more closely the potential implications of a new or amended
preamble and how they might be limited, either through careful wording or t ...
The protection of fundamental rights by the Constitutional Court
... not easily removed, as is all too clearly shown by the case of the European
Community. The integration I have in mind fully attains its possible scope when it
is fashioned as a greening hot-house of individual rights. The nation state, to be
sure, is called upon to secure these rights in the first p ...
and print the entire Autumn 2010 Issue
... of “paradigm” and the Lakatosian framework of “scientific research
program” to analyze and reveal norms of behavior, modes of theorizing,
ways of formulating assumptions, and so on, which define, shape and
characterize different schools of thought in economics.2 The recent
interest in ontology, more ...
real-world economics review
... textbook authors and publishers? Where is the willingness to go back to the drawing board?
Where is the public shock that despite the prodigious change in our economy, “students at the
beginning of the 21st century are receiving much the same instruction about how firms set
prices as did their count ...
Break Even - Fast Easy Accounting
... price charged. If the firm changes the selling price for its product, from $2 to $2.30, in the example above, then it
would have to sell only 1000/(2.3 - 0.6)= 589 units to break even, rather than 715.
To make the results clearer, they can be graphed. To do this, you draw
the total cost curve (TC in ...
A Short History of Economics As a Moral Science* James E. Alvey
... Pre-Smithian Economics
Economic matters have been discussed throughout human history but the
notion of an independent science of economics only arose relatively recently,
perhaps since the mid-1700s. Until that time economics was generally discussed as a subordinate part of a broader study of politi ...
the law of a free society emerges like the laws of
... socialism.3 This became a concern that would dominate Hayek’s work throughout
the rest of his career.
When von Mises founded the Austrian Institute for Business Cycle Research in 1927, Hayek became its director.4 In those days, Hayek was also quite
active among intellectual circles in Vienna. His wo ...
Federalism and Its Discontents - Foundation for Law, Justice and
... for generalizable (but probabilistic) explanations for
political and social phenomena driven by the use of
deliberately reductionist (and therefore by definition
descriptively incomplete) analytical perspectives.
Other factors are held constant in order to isolate
the analysis of a causal relationsh ...
Persons and citizens in constitutional thought
... What is expressed here is both a descriptive and normative claim about the signiﬁcance of the category of citizenship in our constitutional system. Bickel argued that,
as a historical matter, the Constitution has never set much stock by the category of
citizenship; that one of the most disastrous as ...
Constitutional Showdowns - Chicago Unbound
... based on a particular view of presidential power to defy the courts in situations of
extreme crisis, where doing so is necessary to save “all the laws but one”; because the
judges acquiesced through inaction, and through extreme deference to Lincoln until the
end of the Civil War; and because Linco ...
Applied Mainline Economics - FA Hayek Program
... Simple regression analysis. Economists have a handy tool that
allows them to account for the influence of other factors. Known
as “multivariable regression analysis,” this technique theoretically allows us to measure, say, the effect of international aid on
per capita GDP, controlling for other fac ...
How To Interpret the Constitution (and How Not To)
... Supreme Court at the Bar of Politics (1962), which remains the most eloquent, and best liberal
defense of a moderately activist role for the Supreme Court in molding the Constitution,
and must be ranked a very good book about the Constitution (which stars in a supporting
role only); John Hart Ely’s ...
Economics and Happiness Research: Insights
... Most consider Richard Easterlin’s study (1974) to be the first case of an economist
considering the connection between happiness and economic outcomes. Easterlin
formulated what became known as the “Easterlin paradox.” In its simplest form, this
paradox states that above a low level of income, econo ...
economics and philosophy: more than having fun and
... Which of these three studies belongs to economics? I can easily imagine you would
believe that none of them belongs to economics. None of them deals with typically
economic issues such as wealth, poverty, economic growth, company takeovers,
inflation, financial crises or something of that sort. I ca ...
here - Heterodox Economics Newsletter
... instruments: that such instruments frequently only symbolize some underlying
item of value without guaranteeing access to the item itself.
The first two self-identified chapters of the book consider writing about
money in the seventeenth and eighteenth centuries. The first chapter takes up
the atte ...
1 Nature and Scope of Economics
... goods and services.
Non economic wants are those wants which do not need the consumption of goods
Characteristics of wants are(a) even if they are satisfied, they have a tendency to re-emerge.
(b) with the passage of time, they tend to increase in number and variety.
Problems with want ...
Unenumerated Rights Under Popular Constitutionalism
... tory, obviously, is not irrelevant) . It is a question, at bottom, about
the content of the rule of recognition in the American legal system.
Then we have what I shall call the "correct-readings" debates.
Suppose it is settled that CUS is the only constitution we have. CUS
contains prohibitions agai ...
Constitutional Regulation, Exception and
... governed vests three functions within the government. These are legislative, judicial, and
executive. Recalling the three primary deficiencies within the state of nature that render
man’s freedom unsafe, Locke requires that government exercise each of these powers in
such a way that affords all memb ...
... manner anymore? In our opinion, the best we can be looking forward to is the behaviour of the subject based on the
requirements the subject creates for his own system of
values. However it is more likely that this behaviour will
be influenced by personal, political or conjuncture benefits, because w ...
Martin Loughlin and Neil Walker, eds., The Paradox of
... the question of authority—that is, whether “sheer power [can] turn into something authoritative” (p. 129)—and does not arise within the context of liberal
legal theory. The authority of the constitutional order, for liberals, is not derived
from the exercise of the constituent power. Rather, it is d ...
A Catholic Critique of Law and Economics
... If that is true, what possible relationship can there be between law and economics and a
jurisprudence grounded in Catholicism? A Catholic jurisprudence may draw on different sources
of inspiration such as Scripture, natural law, Thomas Aquinas, the Magisterium of the Church,
Catholic social thought ...
Introduction to Economics
... Scarcity concept explains the presence of economic problems. It is concerned with the positive
aspect of the subject. Modern economists feel that economist should also suggest, how the scarce means
should be further increased to satisfy more wants and attain good living. The propounder of this conce ...
Constitutional economics is a research program in economics and constitutionalism that has been described as extending beyond the definition of ""the economic analysis of constitutional law"" in explaining the choice ""of alternative sets of legal-institutional-constitutional rules that constrain the choices and activities of economic and political agents."" This is distinct from explaining the choices of economic and political agents within those rules, a subject of ""orthodox"" economics.Constitutional economics studies the ""compatibility of effective economic decisions with the existing constitutional framework and the limitations or the favorable conditions created by that framework."" It has been characterized as a practical approach to apply the tools of economics to constitutional matters. For example, a major concern of every nation is the proper allocation of available national economic and financial resources. The legal solution to this problem falls within the scope of constitutional economics.Constitutional economics takes into account the significant impacts of political economic decisions as opposed to limiting analysis to economic relationships as functions of the dynamics of distribution of ""marketable"" goods and services. ""The political economist who seeks to offer normative advice, must, of necessity, concentrate on the process or structure within which political decisions are observed to be made. Existing constitutions, or structures or rules, are the subject of critical scrutiny.""