Ingo Pellengahr’s doctoral dissertation, The Austrian Subjectivist Theory of Interest, focuses on one small aspect of these ongoing debates.
In response to Block and Barnett (2012), this paper clarifies some misunderstandings about the concept of transitivity and shows its relation to rationality, asynchronicity of choice
Boettke, Leeson and Subrick (Boettke and Leeson 2004; Leeson and Subrick 2006) describe institutional robustness as the ability of a given system of social organization to stand up to the test
Transitivity in economics maintains that if a is preferred to b, and b to c, then a must also be preferred to c.
Neoclassical utility functions are an invalid means of analyzing consumer behavior for three reasons: first, and most important, because such functions, and their attendant rankings, are cardinal, not ordinal in nature;
Richard Ebelling interviews G.L.S.
James Buchanan is interviewed on his recent award of the Nobel Prize in Economics.
Don Bellante discusses the fallacies of government intervention into the labor market, and ho
Richard Ebelling interviews G.L.S.
Frédéric Bastiat did not devote much attention to the problem of the firm, so taking an interest in his thoughts on the topic could seem strange.
