Philosophy and Methodology

Fifty years ago, on Easter Monday, April 25, 1916, began the glorious Irish Revolution, a revolution that was to end by sweeping away a monstrous r

The lack of revolutions, even in highly-taxed societies points to the possibility that many are willing to tolerate rather high taxation rates, wri

This Festschrift is dedicated to one of the outstanding champions of liberty in Germany.  For most of his scientific life, Gerard Radnitzky has been known as a philosopher of science in the tradition of Karl Popper. 

Amartya Sen's wide-ranging book grasps a point ignored by many economists.  Economists are generally alive to the virtues of markets, and few since the collapse of communism have a good word to say about central planning.

The debate concerns the issue of whether the Austrian or the neo-classical vision more closely approaches the truth in economics, with regard to such issues as methodology,

This paper has incorporated challenges to the dominant neoclassical model that were fashioned by Rothbard and, to a much lesser extent, Baumol.

In the nineteenth century, scholars trained in both mathematics and political economy began to construct economic theory in mathematical form.

How rational are humans? Many important implications hinge on this seemingly innocuous question hinge, for not only economists, but all social scientists. 

All human institutions — governments, markets, money, etc. — suffer from the same problem: the imperfections so bitterly denounced by Schmookler. Greed, ignorance, myopia, irrationality are endemic in them all. 

Supporters of Kaldor-Hicks believe it useful to have a quantitative measure to assess the efficiency of different situations.  Although it may appear convenient to be able to judge policies