James M. Buchanan won the Nobel Prize in Economics in 1986 and was a pioneer of public choice and constitutional political economy and contributed to many fields of study, including philosophy, political science, and public finance.
This paper analyzes the link between large youth cohorts and violent conflicts when labor-market restrictions are present. Such restrictions are expected to limit the youth cohort’s access to income opportunities in the formal economy, and thus lower the youth-specific opportunity cost of insurrection activities. We develop a theoretical model of insurrection markets and integrate the youth cohort’s relative size.
We assess Gordon Tullock’s work on revolutions and dictatorship using a common analytic framework that captures the dynamics of mutually reinforcing perceptions within a potentially rebelling subgroup of a population.
This paper reveals the history of feminist and gender economics as well as their similarities and differences. It also suggests that amongst heterodox approaches to economics, Austrian economics mostly suits feminist economics: their convergences are focused on the role of cooperation within institutions as well as on the place creativity has in the market and women’s attitude to problem solving.
Three recent books offer a sample of what is at stake in the current soul-searching and debates on economics and its future. The books illustrate three major possible positions on the nature and function of economic theorizing: the regressive, the status-quo and the reconstructive. At the same time they offer broader insights regarding the nature and limits of social sciences in general.
Karl Menger’s aim as a scholar was to find a new kind of logic to be applied to social sciences (Menger, 1979). As a mathematician, he focused his attention on finding whether the building of social order can be described from a formalistic point of view. This chapter deals with his contributes to find which… Read more »
Neoliberalism is a doctrine that adopts a free market policy in a deregulated political framework. In recent years, neoliberalism has become increasingly prominent as a doctrine in Western society, and has been heavily discussed in both academia and the media. In The Origins of Neoliberalism, the joint effort of an economist and a philosopher offers… Read more »
While previous research examines how institutions matter for general life satisfaction and how specific institutions embodying equal rights for gay people matter for the life satisfaction of gays, we combine these two issues to analyze how the latter type of institutions relates to general life satisfaction. The question is how people in general are affected… Read more »