Pareto Optimality, External Benefits and Public Goods: A Subjectivist Approach
It will be argued in this paper that the external-benefits and public-goods arguments are incorrect and are due to a failure to consider all or the
It will be argued in this paper that the external-benefits and public-goods arguments are incorrect and are due to a failure to consider all or the
Patrick M. O’Neil and David Osterfeld have offered some criticisms of our natural end interpretation and defense of Rand’s ethics.
The consubstantiality of liberalism and democracy has become a modem religious dogma.
Adam Smith’s “invisible hand” sometimes works in such marvelously subtle ways that it remains nearly invisible even to economists
It is frequently maintained that “free trade” belongs to “free immigration” as “protectionism” does to “restricted immigration.” This is erroneous.
In describing Adam Smith’s acknowledgments as “neo-plagiarism” (Rashid, 1990), was trying to characterize a situation where a sch
Three grauate students in economics, a monetarist sympathizer, a modern Keynesian, and a believer in Austr
Joseph T. Salerno discusses measuring the money supply of the U.S. economy.
John B. Egger and Leland B. Yeager review William H.