Macmillan
Austerity (2013) cuts through the confusion behind our recent financial crises and reveals what really happens when economists call for a policy of austerity to be implemented. This is when budgets are cut, public funding is slashed and working-class families suffer so that banks can be saved ...
It seems peculiar that we do not have another term for processes of complex dynamics than ‘mechanism’, a reference to old mechanics. There still is no such term as an ‘evolutionism’ or ‘complexism’. 6. Cf. Weaver (1948); Kauffman (1993); Schelling (2005); Mandelbrot and Hudson (...
September 12, 1963 Economics 201 Description of the course The first half is meant to be a self-contained basic course in micro-theory, with emphasis on the “useful”, for the benefit of students both in the department and in connected fields requiring some knowledge of economic theory. The...
It is possible to find different licensing practices even in the same class of objects. See, for instance, FitBits, which are not resellable, and Apple Watch, which can be sold on second-hand markets at some specific conditions. FitBit’s ToS recites: «You will not use, sublicense,...
and as postal rates have climbed significantly over the past 9 years, the price of the newly-printed books will be going up. Books ordered as part of a class set of ten or more books will now be $25 per copy, inclusive of postage anywhere in Canada, while books ordered in smaller qua...
I had a weakness for paradoxes — Hell set up by the God of love. But Veblen was a master developing beautiful subtleties, while I was a tyro emphasizing the obvious. He did have such a good time with the theory of the leisure class and then with the preconceptions of economic theory!
If you want to know more about Menger and Austrian economics, let me suggest that you read two books. First, my book“A Viennese Waltz Down Wall Street: Austrian Economics for Investors”has a chapter on each Austrian economist, including Menger, Mises, Hayek, Schumpeter and Rothbard. You ca...
In this paper, we analyze how previously failed entrepreneurs fare with their current venture in terms of survival compared with novices. While previous st
for the economic theory of choice: “Once we portray choices as resulting from the application of experimentally defined standards of adequacy and procedures for resolving trade-offs, it appears that we can discuss behavior without making any reference to either the concept of utility maximisation or...